Dear Thread,
May I ask for people's methodologies for exits---exits that consistently work?
Thanks so much,
Lenoxer
May I ask for people's methodologies for exits---exits that consistently work?
Thanks so much,
Lenoxer
The Big Dog Trading Secret 272 replies
Moving Markets at 7am - 1pm PST? (3pm - 9pm GMT) 2 replies
Question about big dog strat... 2 replies
Trading The Big Dog Pack ..howllll 26 replies
Who are the champion DOG pickers??? 6 replies
DislikedDear Thread,
May I ask for people's methodologies for exits---exits that consistently work?
Thanks so much,
LenoxerIgnored
Dislikedall exits work...the order is closed...
Now what do you really mean?Ignored
DislikedI gues he mean, what method of exit is the best.
Example:
1) Scale out.
2) Preset TP
3) Any other way ...Ignored
DislikedIt's very frustrating, I'll say that.
What were the times you put in?
I forgot to say that there is now a maxrange feature in the EA. If the box is greater than a certain range, the EA will not take any signals for that day.Ignored
DislikedHi Ronald,
I think there is a bug, instead of placing the orders (buy limit or buy stop, or whatever) at the end of the time frame, it's actually always executing the buy/sell order at the end of the time period. Sometimes this should be the case
since the pair is rising out of the box, however sometimes it should not be the case. see below
testing FXDD, EUR/USD, time 14:00-16:00, static 15pips TP/SL, max range 100, consecutive trades 1, buffer 3 pips, dates 2008.08.01 to 2008.10.03
if you look at 2008.09.16 it does not break below the box until 17:30, around the price 1.4169
the EA however BUYs at 16:00 @ 1.4242, and hits the SL 2 minutes later 16:02 @ 1.4227
another issue:
i don't think the max range is working, i set it to 100 but it still issued a trade on 2008.09.05 where the range was 139
2008.09.05 16:00 buy 26 1.00 1.4301 1.4286 1.4316 0.00 100750.00
please advise
thanks
-dzIgnored
DislikedYou may want to set a pip buffer because the EA took a trade when the price hit the bottom of the established box. (Box is established at 16:00 and the status goes to "Range Found") and my guess is that the 15:59 candle closed as the lowest point of the box.
Could you also include a screenshot?Ignored
Dislikedi am using a buffer, set it to 3.
attached is a screenshot..
also please check if the max range is working (it is not working for me, it still seems to make trades if range is greater than 100)
thanksIgnored
DislikedDelfino, the EUR/USD high/low is 80 pips, doesnt that mean no trade since the amount of pips are too high? My system is only showing the only current valid trade is a short on the AUD/USD which so far has resulted in almost 25 pips. Am I correct or wrong?Ignored
DislikedI believe the original thread says you should only consider trades with the high/loss difference 50-60 pip range. But it's all in the risk tollerance of the trader.Ignored