Gator - Trader
Learning and Earning
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DislikedHi ,
I found this EA for the Asian breakout and have tested it. It does work but the only problem I see with it now is that with the new hedging rules it may not work. But there is a way you can make it work.
It sets a buy stop at the High and sell stop at Low end of the specified time you set in the EA. With my broker (Forex.com) they do not allow even pending opposite orders. But in the EA you can set it to only execute only long or short positions. So if you guess correctly you are in luck! It also allows the 5 or 10 pip buffer or whatever...Ignored
DislikedJust trying to figure out what is the exact asian box size?What time do you start Asian session (GMT?) and what time do you make buy or sell (GMT?) orders?I am trying to trade manually without any EA and just got a little confused on that box size.Can somebody help me out?Ignored
DislikedYes, that was a nice trade. Do you have a tool that puts your Conserv TP, etc on the chart? It looks very neat and clean.Ignored
DislikedHello fellow traders...the system overall looks pretty good. I am a veteran trader for 5 years now and I trade something similar to this. I have a couple of suggestions that I use on my system. First, on a mechanical system like this if you trade with a 1:1 ratio you will see good results at first but will ultimately end up giving it all back at some point. Whether you risk 20 to make 20 or 100 to make 100. Either way you will have to win at least 50% of the time to just break even let alone make a profit. Lets face it, the best traders in...Ignored
DislikedHi Uf
Great advice
2 questions.
DO you use 100 % or 618 fib for tp ?
Do you use any trailing stop after you have moved sl first time to -15 pips ?
ThanksIgnored
DislikedI use both....I use the 100 for my tp but move my sl into profit once it hits the 618 level. I watch to see how it reacts at this level. Usually when it hits the 618 level I am in profit by 40 to 60 pips. I will move my sl to either b/e or to +20. That way if the market starts to reverse I can't lose. One thing I absolutely hate to see is a winning trade turn into a losing trade. Never let this happen. By a winning trade I don't me being up 10 to 20 pips then come into a loss but when you are up several pips around 50 then that would result in a...Ignored
DislikedThank you for your input and for sharing your experience. Some posts back someone asked about the TP-levels. Do you also use the 100 % and 61.8 % levels? What is your opinion about them? Also, do you have any opinion or experience with different breakout ranges?
Thanks again!Ignored
DislikedI start this strategy from 00:00 to 08:00. Depends on your broker but that is from 6pm to 2am EST.Ignored
DislikedI start this strategy from 00:00 to 08:00. Depends on your broker but that is from 6pm to 2am EST.Ignored