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DislikedHi dare123!
Could you update your result into post #1? It would be easy for follow up.
By the way, have you backtest this system?
Thanks!Ignored
DislikedHow are you bull.bear, could you please do a manual backtest for 3yr or run the EA(If it conforms to the strategy) for 10yrs. I am currently not on MT4.
I will appreciate your prompt response.
Thanks.Ignored
DislikedPlease describe the following in details.
5. I repeat the Process everyday.On days when the market is trending, I set new sets of trades after making 5%+profit or when the price has gone trending 100pips+.
6. If I make one loss and my profit does not cover the losses I wait for a brakeout to make profit that covers my losses.This means that I don't place any trade within the range of a loss trade, I wait for a brake-out for profitability.Ignored
DislikedHi dare123,
Same as Percival. As long as you have a negative Risk/Reward ratio, you are headed to failure.
I think that you should review your money management.Ignored
DislikedGood-morning All,
Yesterday was a great day.
We made a wonderful 4%. This was great.
If in doubt demo it for 3months and lets see the outcome.
Thanks.
Happy Trading.Ignored
QuoteDislikedResult for friday was bad.
I had a loss of 5%.
A total of -3% for the week.
QuoteDislikedGood-day all,
Yesterday's result was -1%.
Thanks,
Happy Trading.
DislikedGood-day Percival and broketrader,
Thanks for your positive criticism, the truth I have discovered is that if you trade forex without deviation from book knowledge you can hardly succeed. You have to deviate from book knowledge and use sound money management.
I am glad to tell you that the system works in LongTerm and ShortTerm.
Happy Trading.Ignored
Disliked
With your gain of yesterday you are not even break-even to last week !
Now, you start again with less capital than last week, or am I missing something ?Ignored
QuoteDislikedCan someone please post an ea that can make such grid and with template so it matches this strategy. I find it hard to set up this grid with the ea`s posted so far. Thank you very much
Hello,
I agree with the quote above, this EA rules could be :
--------------------------------------------------
Buy Stop @1.3060 ; SL 40pips, TP 20pips
Buy Stop @1.3040 ; SL 40pips, TP 20pips
Buy Stop @1.3020 ; SL 40pips, TP 20pips
Current market price: 1.3000 (grid 20pips for example)
Sell Stop @1.2980 ; SL 40pips, TP 20pips
Sell Stop @1.2960 ; SL 40pips, TP 20pips
Sell Stop @1.2940 ; SL 40pips, TP 20pips
1) Open pending orders at the LONDON and NEW YORK open session GMT hours for example
2) Grid Size : 20 pips
3) Range Grid size : with a 20 pips Grid Size, 200 pips for example would mean 10 pending trades > to the current market price and 10 pending orders < to the current market price
4) Position Size : x% of the account balance in Lot Size
5) Take Profit : same as the Grid Size or plus/less
6) Stop Loss : double of the Grid Size or Plus/less
7) Close or NOT ALL the PREVIOUS daily pending order BEFORE entering NEW pending order at the LONDON and NEW YORK open session
8) Close or NOT ALL the PREVIOUS daily OPEN trades BEFORE entering NEW pending order at the LONDON and NEW YORK open session
9) Close ALL the OPEN and PENDING order if Profits are +5% for example for the day
10) Close ALL the OPEN and PENDING order if losses are +5% for example for the day
------------------------------------------------------------------------------------------- -------
Fell free to add ........
Thanks dare123 and all,
Angel
DislikedGood-morning all,
Thank you bull.bear.
No 5- This means that if by accident(I am a very busy person) I got to know that the market is trending for the day and I have made about 5%, I set new set of trades on the next grid 20pips outside the range of the entry and current price of the current trade.
No 6. Is Just a description of what happens on a rangeIgnored
DislikedHello,
I agree with the quote above, this EA rules could be :
--------------------------------------------------
Buy Stop @1.3060 ; SL 40pips, TP 20pips
Buy Stop @1.3040 ; SL 40pips, TP 20pips
Buy Stop @1.3020 ; SL 40pips, TP 20pips
Current market price: 1.3000 (grid 20pips for example)
Sell Stop @1.2980 ; SL 40pips, TP 20pips
Sell Stop @1.2960 ; SL 40pips, TP 20pips
Sell Stop @1.2940 ; SL 40pips, TP 20pips
1) Open pending orders at the LONDON and NEW YORK open session GMT hours for example
2) Grid Size : 20 pips
3) Range Grid size : with a 20 pips Grid Size, 200 pips for example would mean 10 pending trades > to the current market price and 10 pending orders < to the current market price
4) Position Size : x% of the account balance in Lot Size
5) Take Profit : same as the Grid Size or plus/less
6) Stop Loss : double of the Grid Size or Plus/less
7) Close or NOT ALL the PREVIOUS daily pending order BEFORE entering NEW pending order at the LONDON and NEW YORK open session
8) Close or NOT ALL the PREVIOUS daily OPEN trades BEFORE entering NEW pending order at the LONDON and NEW YORK open session
9) Close ALL the OPEN and PENDING order if Profits are +5% for example for the day
10) Close ALL the OPEN and PENDING order if losses are +5% for example for the day
------------------------------------------------------------------------------------------- -------
Fell free to add ........
Thanks dare123 and all,
Angel
Ignored