My alpari us live didn;t hit but my fxdd did ????
if your predidtion of 1.5550 holds that is right about at TP1
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DislikedMy alpari us live didn;t hit but my fxdd did ????
if your predidtion of 1.5550 holds that is right about at TP1Ignored
Disliked
And its friday.....this will be the last trade of the week anyway....dont trade Friday evenings/night...Ignored
DislikedWell it's Thur night here so I guess it's ok LOL
I placed a sell limit and a sell stop 20 pips either side when I got the sell signal
the limit hit already which makes sense in a range market
I deleted the stop.... I should have kept it in to see what would happenIgnored
DislikedThe reason I dont use Limit orders is simply you are buying into a reversal and it maybe a big one....so you run the risk of holding a large drawdown untill the pair turn back ..
looking at the 4 hr chart this could run up to 1.5604/1.5620 ish...Ignored
DislikedInteresting idea Sky/Paulus. I modified Tokyo to dump out the max drawdown figures before TP1 was hit and plotted the chart below.
So you are suggesting setting a Buy Limit for longs and Sell Limit for shorts based on the average drawdown. This will exclude around 16 trades. To counter this a Buy Stop for longs and Sell Stop for shorts could be placed at the original entry point once the drawdown reaches 50% of the average. Whichever of the Limit/Stop orders triggers first will cancel the other (OCO).
Regards,
PipticianIgnored
DislikedAssumption: Floating average drawdown for the past 1 month is 50 pips.
If the original entry as per EA is to long @ 1.5800 with TP1 @ 1.5822 and SL @ 1.5660, do not trigger market order. Instead, place buy limit @ 50% of average floating drawdown for the past 1 month @ 1.5775 with SL @ 1.5660 and TP1 @ 1.5800, TP2 @ 1.5822 and TP3 @ 5875
Just my two cents.
Ignored
DislikedYeah, right.. now i learn to hunt Manual entry at drawdown point..Ignored
DislikedManual entry....sounds familiar...
Tang, Just made 25 pips....start Long at 00.15
looks like its goin' upward again for 3 hrs....so farIgnored