Is there a trade on EUR/USD. A long one.
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DislikedYes. My EA took a GBP/JPY trade about 3AM ET but it immediately reversed because of some inflation news from the Bank of England (-42 pips there). I also am in a EUR/CHF trade right now that is profitable (currently up about 30). My EA took that one at 6AM ET.
There are several other trades setting up right now...
ScottIgnored
DislikedThis system really looks good, but im little worried i must confess about the repainting i have bad experience from other repainting indicators first u have a go a buy signal then a little later it repaints and the signal u had before does not exist. Haven`t any of you had this problem yet ? also what is a good stopploss for 1h tinme frame ?
best regards and thanks for a great systemIgnored
DislikedThanks. If i understand u right we just take the trade when the criteria in th first post described ocurs then if we little later look on cog and see that there is no buy signal anymore because it has change do to the repainting we ignore that because we have already got a signal and are in?Ignored
Dislikedthe stopplos i was more thinking of a stopploss if the trade goes against us or move in the oposite direction ?
best regards.Ignored
DislikedGreetings.
2) Endroute (the system's author) doesn't use a stoploss but closes at the reverse EMA cross. Early on I have experienced that this doesn't work great when the price is ranging. So I have just added a trailing stoploss of 30 points to my EA. So we'll see how that works out.
Good trading,
ScottIgnored