Disliked{quote} Yes I am just trying to understand the logic. 10080/1440 = 7 (7 Days?) Working it back the other way 5 x 7 = 35 (not 240) so is 240 way too much for a M5 chart 240/5 = 48 (a lot more than a factor of 7)Ignored
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Money management: Capital needed per 0.07 USD per microlot 0 replies
The Volume Detective 411 replies
Disliked{quote} Yes I am just trying to understand the logic. 10080/1440 = 7 (7 Days?) Working it back the other way 5 x 7 = 35 (not 240) so is 240 way too much for a M5 chart 240/5 = 48 (a lot more than a factor of 7)Ignored
Disliked{quote} Hi R4M, OK I understand when trading D1 there are 5 days in a trading week, so every step is an average and the horizontal line is equal to 5 trading days. But when set to 240 what is the horizontal line equal to, because 5 would no longer be relevant on an M5 chart would it?Ignored
Disliked{quote} {quote} @bishopdotun -- I don't follow that. Why is that the correct maths? Do you mean that empirically it looks good, or is there something more fundamental going on here. The reason I ask is this -- I don't think of the ADR as being granular. If the ADR for AUDUSD is 40 Pips that doesn't mean it will have used up 20 Pips half-way through a session. I mean, it doesn't gradually use up its ADR allotment linearly as the day goes along. Rather, at the end of the day the delta between the high and low is around 40 Pips and that could have...Ignored
DislikedUpdates Just today. The precision is really cool. {image} @R4M: I noticed 2 things: 1. The EA checks if the trade is in profit before closing at midline. Closes the ones in profit and waits for another opportunity to close the rest. At what point will that be? Good but may be bad during large spikes. I have stops in place so I don’t bother. 2. See the 2 shots below. Exit printed but trades didn’t close. Either the bands shifted or they were not in profit at the time price touched midline. At what point will the trades be closed? When price reversed...Ignored
QuoteDislikedCloses the ones in profit and waits for another opportunity to close the rest.
QuoteDislikedSee the 2 shots below. Exit printed but trades didn’t close. Either the bands shifted or they were not in profit at the time price touched midline. At what point will the trades be closed? When price reversed back to midline real-time? Or?
Disliked{quote} {quote}I had intended to use the latter but mistakenly left the former in place. In the next update I will be using the one that closes regardless of P/L.Ignored
Disliked{quote} {quote} @bishopdotun -- dude, you are too, too frickin smart. You already had my utmost respect -- you just now quadrupled that. Yes -- in my other EAs I've experimented with a couple types of close functions -- one that closes only in profit and one that closes regardless of P/L. I had intended to use the latter but mistakenly left the former in place. In the next update I will be using the one that closes regardless of P/L. {quote} What do you mean "Exit printed"? Could you send a screen shot. As to why they didn't exit, it may be related...Ignored
Disliked{quote} I think this is the problem for me to, lets wait for the NeXT update, keep up the good workIgnored
QuoteDislikedlets wait for the NeXT update
Disliked{quote} {quote} Okay -- I have tried again and I still can't reproduce it. For me that trade closes a few bars after opening because it met the TP criterion. Is there anything interesting in the logging (i.e. under the 'Journal' tab)?Ignored
Disliked{quote} You answered my question. At least I am sure an emergency exit will somehow kick in once we open a trade in opposite direction in real time (not an opposite signal that appear due to band shifting). Exit printed: the red mark at the midline indicating exit. I actually like the “Close only in profit”. That’s because I expect emergency exit to save the day sometime soon and I also have my stops fixed anyway in case of market crash. However, “Close regardless of P/L” would be good as well. So can we have both close options as an input? Imagine...Ignored
QuoteDislikedExit printed: the red mark at the midline indicating exit.
QuoteDislikedI actually like the “Close only in profit”. That’s because I expect emergency exit to save the day sometime soon and I also have my stops fixed anyway in case of market crash. However, “Close regardless of P/L” would be good as well.
Disliked{quote} {quote} You must still be using an old version of the indicator -- no more red marks as of a couple versions ago. The version numbers of the indicator and EA are at the top of the chart -- they must match. {quote} @bishopdotun -- sure, that would be easy. When back testing the "Close only in profit" gives better stats. As to whether that would hold up under live testing I'm not sure.Ignored
DislikedHi. I don't know if I have mistaken something (in that case I apologies) but shouldn't it close the trade on midline cross even if my TP was under midline? And btw, thanks to all who contribute here. {image}Ignored
Disliked{quote} @majamivice -- The purple 'x' is a visual cue the indicator displays to show you there is an Exit signal -- i.e. it is a "recommendation". However, the indicator can not actually open / close trades. When manually trading it is up to you to actually open / close trades.Ignored
DislikedR4M...sorry for interrupting the ADR discussion, but I keep liking the Spikehunter as well. With filters it provides good trades...f.i. on M30 Unfortunately the alert function does not work stable enough, sometimes it works sometimes not. On the chart below it did not work, maybe because of the higher CPU consumption!? Is there a SH EA still on your radar? {image}Ignored