SP500 H1 trade, took entry on a retrace, bit of a rule break there but i had sp pegged as a long and wasnt gonna miss it
tradewith60
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I am looking for EA to put Buy Stops, Buy limits, Sell limits, and Sell Stops. I will 0 replies
Disliked60MM -
Are your channel lines & yellow MA line explained somewhere. I don't recall seeing a post regarding them. I'm doing ok without extra indicators but the channel lines' crossing might help.Ignored
Dislikedgot a little GJ short in ASIA... H1... main trend is still long but was pretty much guaranteed to test the bottom againIgnored
DislikedWhen trading any particular strategy you can enter a trade perfectly and lose money. You can also enter a trade poorly and make money. Based on the methods described in this thread it looks like you did the latter. Time and again it has been said on this thread to wait for a strong trend and a decent retracement for best entry. It is my opinion that this trade did neither. Though the trade may technically meet the entry criteria it doesn't look to me like an optimal entry.
Congrats on making some money with the trade -- don't make a habit of...Ignored
DislikedYes,I agree with you,but sometime we can take some CT entries,of course it will be more risky!So I reduce my size in situations like thí!Ignored
DislikedIt was not perfect engulf candle,but I decided to take a long when combine with my EW count!Ignored
DislikedHow did you set the TP and SL? I mean do you use size of the signal candle or some S & R?Ignored
DislikedYou should come back to the first page to see how 60 min set TP and SL!Ignored
DislikedI have read and know but your TP & SL were not look like according to that so I asked. But sorry will not ask you again...Ignored
DislikedIt was not perfect engulf candle,but I decided to take a long when combine with my EW count!Ignored
Have fun with it and many pips for all of you!
Cheers,
Olarion
DislikedI think the attached EA is very useful when using 60's strategy.
It trails the SL behind the high/low of the last candle(s).
I use it myself at night to stay in H1 and H4 trades and trail the stop behind the last closed H1 candle. I have to say it works perfectly!
The parameters are:[list][*]iTicket: put in the ticket number of the trade you want to monitor (first column in MT4 terminal)[*]iTmfrm: timeframe of which EA should trail by bars (e.g. 60 for H1)[*]iBars_n: number of bars for which the SL should be calculated (e.g....Ignored
DislikedI think the attached EA is very useful when using 60's strategy.
It trails the SL behind the high/low of the last candle(s).
I use it myself at night to stay in H1 and H4 trades and trail the stop behind the last closed H1 candle. I have to say it works perfectly!
The parameters are:[list][*]iTicket: put in the ticket number of the trade you want to monitor (first column in MT4 terminal)[*]iTmfrm: timeframe of which EA should trail by bars (e.g. 60 for H1)[*]iBars_n: number of bars for which the SL should be calculated (e.g....Ignored
Dislikedvery nice... if i could make a variation, it would be to only step the stop loss when the close was in the direction of the trade.... but great im gonna play with this!!! thanksIgnored