This is the first friday of the month and end of the week. It is not good to hang onto trades over the weekend and putting your self in a hole. I have all my trades closed out by the start of the USA session every Friday.
Need explanation on Good boy EA 0 replies
Lazy Boy Day Chart Strategy 35 replies
blue boy system 35 replies
new boy 10 replies
DislikedAccording to my own experience, i pick the following pair for $500 dollars account.
1. EURUSD
2. EURCHF
3. USDCHF
4. USDCAD
5. USDJPY
6. AUDUSD
What's the max mini lot i can go ? I was thinking of 0.05 lot. What's in ur mind when u come out with the number ? Maybe can make it into a formula and calculate the lot.Ignored
DislikedPairs: audjpy, gbpusd, usdchf, audusd, eurjpy, usdjpy, eurusd, usdcad.
Rest all defaults.
Closing everything before NFP typhoon hits meIgnored
DislikedHi Shiva,
if you test this system, you will notice that it will profit most from highly volatile hours. The only exception was last Tuesday, the 4th, when most currencies went straight up.
Test it in demo during the NFP. You might easily double your account if you start as little as 0.04-0.05 lots!
Personally I am using almost 15 pairs and the results are excellentIgnored
Dislikednanningbob, I wanted to add 2 more currency pair to my trades but I don't know which one to add. Please advice which 2 pairs should I add in order to make my list more balance. I'm more of a less risky person. My account size will be 500
Thnx.Ignored
Disliked....quote: on an account I am testing 19 pairs...on another 24 pairs: Excellent results!Ignored
DislikedHey Hermes, its good that you want to test the limits of this EA, but why test conditions that will probably never be used in live?
Average non-fulltime traders' accoutns will never be able to handle drawdowns with 24 pairs.
YET, what you are doing with 19/24 pairs is of some merit as this will demostrate the EA's resilience.
Also, when I had initially used the 12 paits presets attached by NanningBob, my platform froze, I think I may need a pc from alienware for this lol
Good luck!Ignored
DislikedPairs: audjpy, gbpusd, usdchf, audusd, eurjpy, usdjpy, eurusd, usdcad.
Rest all defaults.
Closing everything before NFP typhoon hits meIgnored
Disliked
When I publish my 7 year currency facts you will be able to determine better currency pair combos.Ignored
DislikedHey Hermes, its good that you want to test the limits of this EA, but why test conditions that will probably never be used in live?
Average non-fulltime traders' accoutns will never be able to handle drawdowns with 24 pairs.
YET, what you are doing with 19/24 pairs is of some merit as this will demostrate the EA's resilience.
Also, when I had initially used the 12 paits presets attached by NanningBob, my platform froze, I think I may need a pc from alienware for this lol
Good luck!Ignored
DislikedI will post two pics. The first is my demo of the 100x80, I tended to let this run to see what happens. It was pretty much a wash because I hung in too long most days. I traded these pairs aud/jpy, aud/usd, AUD/CAD, AUD/NZD, CHF/JPY, EUR/CHF, NZD/JPY, USD/CHF, USD/JPY, and the eur/usd and gbp/usd. I used .01 lots. You will see in my next pic better results. I used less volatile pairs and a higher lot size. The currencies in caps I also used in my live account.
The second is the same system and currencies but I traded live with 500 dollars. I increased it $169.31 a 34% increase. I will take that % any time even though that may not seem like much money. I was conservative with my approach. I...Ignored
Disliked....quote: on an account I am testing 19 pairs...on another 24 pairs: Excellent results!Ignored
DislikedAll the setting i am using is default setting.
The thing i look out for is the pair to trade and the time to start the trade. I think it's importance that you start your trade around Asia open. Becoz it's rare that all the session will travel in a straight line without 100 pips retrenchment.Ignored
DislikedQusestion When at the London open do I close all postions and turn off the expert and wait untail GMT 0 to turn back on the expert?
Attached is my 3 day running 24 hours a day, I had computer outages for the missing trades.
BarryIgnored
DislikedIf you have trouble with MT4 freezing or slow startups and closes you need to go to your first Log folder and delete all the logs. MT4 logs all your actions every day and after awhile it clogs up the program. So every month or so I go in and delete them all out. Again it is your logs folder.
If you have done a lot of backtesting this also clogs up the program. Go to the Tester folder and delete the inside of the history folder and inside the log folder. You will notice your MT4 work much faster, quicker and smoother after you do this.Ignored