Disliked{quote} Hey Grandaevus On the EA what is the magic number please? ThanksIgnored
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Disliked{quote} Hey Grandaevus On the EA what is the magic number please? ThanksIgnored
Disliked{quote} If your actual spread is higher than that value, then ea doesn't place pending orders. Increase to 1.00 or 2.00Ignored
Disliked{quote} ###ZenTrader EA V08 Rules are based on ideas of Grimweasel that he has written @ post # 576 {image} {file}Ignored
Disliked{quote} Tried the zentrader ea 8, the setting is like this: {image} and the ea open the order at 1.08715, i dont know what rule does it use, it supposely open the order and place buystop @ 1.0880, maybe something wrong here?or is there any mistake on the coding? {image}Ignored
DislikedHey Grandaevus - with 1.0 in the Rule1ATRSL field - what type of order will the SL be...??? i see neither of mine today has SL values in the order but both went + so never saw what would happen wrt SL... CheersIgnored
Disliked{quote} Rule2 if ea puts only one pending stop order. If price > ema then disregard the .00 level above your signal candle. Look for the highest candle high of the day (starting at 0001hrs) and place buy order 1 pip above that candle high. This now looks for the trend to continue and fill our larger TP. 1xATR stop with a 1.5xATR TP. (so today the 24ATR is 13 pips. So 13 pip stop and 20 pip (rounded up) TP. This way winners will always be greater than losing trades. Cancel order by 0600 next day if not filled. If price < ema then reverse of above....Ignored
DislikedHey Grandaevus - with 1.0 in the Rule1ATRSL field - what type of order will the SL be...??? i see neither of mine today has SL values in the order but both went + so never saw what would happen wrt SL... CheersIgnored
DislikedOk, the key is the Volatility of the pair (expressed by the ATR). There is little point having a stop loss inside the period ATR. You'll get hit too often. I have just manually back tested EurUsd from 30 Jan to 17 Apr. I have some minor changes to the way I now trade. I use a 24 period moving (1 day on an H1 chart) average as trend filter. Buy only if price above. Sell only if price below. If the 0600-0700 candle touches the ema - then apply the normal Zen rules but with 1x ATR stop and 10 pip target. If price > ema then disregard the .00 level...Ignored
Disliked{quote} Dear Grimweasel, just an enquiry regarding eurjpy trading system. The signal candel is the 30min. candle from 15.30 to 16.00 UK time. Normally at this time, or 1 h hour later at 17.00, does happen a change of the trend of the market, so that, if the trading has been going up, it reverses back to down and viceversa or it looses its steam. In spite of this, do you suggest to follow the same rule, that is to consider the 24 period SMA and trading only accordingly?Ignored
Dislikedyesterday used the zentrader8 ea, the results is positive. today open.manual trade @ 1.0950 and sl hit @1.0937. done for today. i notice today the high 1.0950 was yesterday high,and its the resistance area.maybe thats why price didnt go up and straightly go down.Ignored
Disliked{quote} Thanks Zen. This is the reason in the EA for showing previous 12h high. As price was above the ema one would only set a buy stop order. The previous 12h would be the one needed to be exceeded if the trend was to continue. I had my buy at 1.0952 which was never hit. The same as 24 Apr. The prev 12h high was never exceeded so no trade. 25 Apr was a green pip day as last 12h high was also that day's signal candle. Again, buy order only above that candle, which hit TP.Ignored
Disliked{quote} Thanks grimweasel, now i see the point . But does the Ea show previous 12 high? As you state the rules before you said, we should look the highest candle from 00.00 right? then it means its only today the highest candle today, not yesterday. from 00.00 to 09.00, its only 8 candle though.Ignored