As simple as possible: 00 level trading

Quoting LuXing

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Buenos das, Trade #1 o/t day: AUDJPY to TP Trade #2 o/t day: AUDCHF to TP Trade #3 o/t day: EURAUD to TP Trade #4 o/t day: NZDCHF to TP Trade #5 o/t day: CADCHF to TP Trade #6 o/t day: USDCHF out by Trailstop. Missing just the extra mile to go to TP. Trade #7 o/t day: GBPCHF to TP Trade #8 o/t day: another CADCHF to TP. Bit risky this one. I jumped in after a clear rejection of lower areas. LuXing {image} {image} {image} {image} {image} {image} {image} {image}

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Quoting Asmodai

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{quote} Great trading. Are you getting alot of slippage or did you change your TP of 5? Asmodai

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Quoting LuXing

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{quote} @asmodai Both. I have noticed that when I set my TP, frequently I "miss" 0.5-0.8 pips on exit when my TP gets hit. Therefore, I have started using a hidden Stoploss and hidden TP. In a burst towards TP levels, I would frequently get more pips than 5 (sometimes even +1.5 pips...). On some (higher ADR) pairs, I am experimenting and set TP to 7.5 pips instead of the usual 5 pips. My methodology now. 1. Set pending order using the standard scripts, with a Stoploss of 30 pips and a TP of 10 pips 2. Once the order is triggered, Wukar 1.3.2e takes...

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Quoting LuXing

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Trade #1 o/t day: CHFJPY to TP. Entry at the BRN. Trade #2 o/t day: EURJPY to TP Trade #3 o/t day: GBPCAD to TP. In spite of the rather big "previous" candle of about 1.5 times the ABR(480), still enough momentum to get 7.5 pips. Trade #4 o/t day: GBPJPY to SL. Entry at the 850 level, clearly "one bridge too far". Trade #5 o/t day: CHFJPY to TP. Massive +2.5 pips slippage on exit, so +10 pips instead of 7.5 pips. Moral of the first 2 hours after London open: forexgrail spreadsheet showing a very weak CAD & JPY, strong CHF. LuXing {image} {image}...

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Quoting Asmodai

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{quote} I'm curious about why you chose to enter on EJ at thet level. Wasnt the move already too big? Asmodai

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Quoting LuXing

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{quote} Slo mo on M5. London opens and EJ starts really motoring. The M5 candle pierces DR1, but closes below. On the next marked M5 candle, EJ really picks up speed and EURUSD follows. At the second 00-level above DR1, the M30 candle had travelled approx. 32 pips (ABR(480) = 19). I have set my mental multiplier for an session opening M30 candle to factor 2 and entered. I figured PA would "lookup" the BRN and thats exactly what it did. In hindsight, taking the first level above DR1 would have been more appropriate. LuXing {image}

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Quoting Rcubic

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Good Morning, early finish today, now back to demo EURAUD +6.5 (London Open rejection of higher levels, set pending order short it got trigger) CHFJPY -10 (Risky trade, it was not first level) CADJPY +10 (no first level but PA was strong, and both pairs inverse correlated) USDCAD +10 Regards {image} {image} {image} {image}

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Quoting xard777

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Finally, here is a fully working version of the BidRatio indy. Turns out the reason it was hanging was due to a Divide by Zero error. This has been fixed and and all is good to to go. The Refresh indy is no longer required. Enjoy! All the best XARD777 {file}

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