DislikedHi DB,
Thank you for the EA your efforts are very much apprecieted . I have one comment as I left the EA to run today, the secondary trade that was placed after the buy was triggered had no TP or SL.
Thanks againIgnored
BB break + trendline break 24 replies
The Daily Break Out Strategy 29 replies
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Simple break-out strategy for trading daily chart 19 replies
DislikedHi DB,
Thank you for the EA your efforts are very much apprecieted . I have one comment as I left the EA to run today, the secondary trade that was placed after the buy was triggered had no TP or SL.
Thanks againIgnored
DislikedI can confirm that everything pre 0.16 will do wacky stuff on non 1h timeframes. Other than that, I can't really see why it wouldn't place tp and sl. Are u sure there's no error message thrown by the expert? What it does is place an order, then set the tp and sl. There's nothing that should trigger one and not the otherIgnored
DislikedSometimes there are 4 entries in one day as below :
1) First sell or buy (Consider buy for example)
2) If the first entry didn't hit TP2, and reverses, it'll execute orders for second entry. Sell in the example above.
3) Break of the other side. In this example break of the low of the previous day which will execute the sell order for first entry.
4) Price reverses again and catch the buy order for second entry.
The EA execute first 3 ones right, but it don't execute the 4th one.
Edit : It don't bring SL to BE for second entry when...Ignored
QuoteDislikedAs you may know, Daily High and Low plays an important role on technical analysis for short-term and medium-term traders. So break of this levels may reach targets. But if the price didn't reach final TP (TP2), then we can consider a false break and reverse our position even if price reaches BE point after breaking the previous day's high or low. But if price reaches TP2, then we will consider it a true break, that's why I told you to remove your "Second Entry" order when price reaches TP2, no matter that you are in the trade or not.
DislikedHi DP,
I had version 18 on today and somehow the secondary order got cancelled, see the attached.
I closed the platform by mistake and couldn't see any errors when i reopened it.
I will have it open for tomorrow.
ThanksIgnored
DislikedK Minos, check that this is not a hedging policy issue. I entered manually the second entry yesterday and it was not triggered due to hedging beeing prohibited on my ibfx demo account.
DP, is the EA working fine now...? By the way, thanks for your great work to have this system automatised.... I need to sleep more LOL !Ignored
DislikedI hope it's working fine. Wouldn't use it on live just yet though. Would be nice if you could demo it next to your manual trading to see what performs differently, so i can tweak it.Ignored
DislikedHello Phik,
When you have a open position that goes through next day, your approach to setting next day's orders will not change. So you put first entry sell order even if you have bought the pair in previous day and it goes to next day. Even you sometimes have two open positions together like now. A buy from previous day is still open and another buy opened today when previous day's high broke.
All unexecuted orders will be removed at the end of the day, including second entry's order, even if the trade goes to next day. For example I...Ignored
DislikedDP, two quick questions as I don't use EA normally:
1. Will the EA still work if I put my pc off ?
2 The EA did not place any pending order on my platform. Will it enter at market once we reach the entry price ?
Thanks...Ignored
DislikedI have went through this thread and I have question regarding how you take the trade? Based on Entry 1 for any candle I can go break of low of the candle for sell and break of high of the candle as buy.How do you decide the bias whether you want to go for buy or sell?
Regards,
Bedayan.Ignored
DislikedYou need to leave your PC running with mt4 also running.
The Ea places pending orders. If its not doing so, u need to check if u have enabled the Ea, and allowed it to take trades without confirmation via optionsIgnored