DislikedJust a quick question: the USDJPY gave a signal on Dec 25 and now it looks like it's gonna give another signal today. Is the second signal valid?Ignored
EOD -1 day hold 213 replies
Easy Stress-Free EOD Trading 21 replies
EOD System 19 replies
Best EOD strategy 5 replies
The meaning of EOD? 3 replies
DislikedDaily bars normally close at 10pm or 11pm GMT (UK time at present) which correspond with 5pm or 6pm EST; trades should be place near close of the bar or at close of the bar.
I place my orders between 9 and 10pm GMT that is between 4 and 5pm EST and as I place limit orders allowing for a % retracement it really does not matter what time they are placed as long as it is towards the close of the bar. and you have a setup.Ignored
DislikedI am trading this in demo fro about 20 days now and am loving it as well. Thanks to Paulus and the rest of the guys who have made improvements along the way. So simple yet effective.
The only thing I am having a hard time deciding is what I shuld put my time frame at. I am in NY but am considering making my trades in UK time. Any insight? should I just make my trade 12am Est time after my daily candle closes?Ignored
DislikedHi
I started to backtest this first visually and then use the EOD_EA to confirm my figures and found a discrepancy.
Using cable from 01/01/08 to today manually i found 19 signals when i ran the EOD_EA on the the same date ranges i found only 15 signals (21/10, 16/10, 2/6 and 2/5 were missing from the EA)
Any ideas ?
Does the EOD indicator repaint (after 9) ?
PervazIgnored
DislikedHi Pervaz,
I did extensive back testing and you can't trust what you see with indicators; not just re-painting but indicator lines move back and forth before they settle, therefore, around borderline entries or big price swings, you will get different resuts live vs back testing.
Most systems backtest really well and fail live; this one doesn't back test as well as it trades live!
Gray.Ignored
DislikedHi Gray
i only use the indicator (EOD_EA) and ATR(5) - nice and simple
i might download vhands or something and check if the indicator repaints
PIgnored
DislikedHi dmc,
Glad you followed my advice and came to join us; as someone that has been through the ordeal and pain of FOREX systems, indicators etc. etc. for the last 3 years I hope this thread will save you from that! So far it's profitable; let's hope it continues.
Happy New Year.
Gray.Ignored
DislikedHi
I started to backtest this first visually and then use the EOD_EA to confirm my figures and found a discrepancy.
Using cable from 01/01/08 to today manually i found 19 signals when i ran the EOD_EA on the the same date ranges i found only 15 signals (21/10, 16/10, 2/6 and 2/5 were missing from the EA)
Any ideas ?
Does the EOD indicator repaint (after 9) ?
PervazIgnored
DislikedHi gtrade,
I know exactly what you mean about going through the pain. Been there, done that, had about enough of it.
Too much stress... Too much screen time... Not enough living time.
This way of trading is much better. At first, setting larger stops made me nervous, but if you control your risk by trading smaller lots it is actually less risk than smaller TF's with larger lots.
You have to decide at some point whether you are trading for fun and excitement, or to maximize profits.
I can find other ways of having fun... ...Ignored
DislikedHi
If I'm short a particular swap and I get another signal I ignore it as my original is still valid..you will find you get enough signals with opening mutlple signals in the same swap.
If you open your market watch window then select show all you will see all 29 swaps available
Cheers
PaulusIgnored
DislikedI still can't find a heiken ashi sw anywhere. can someone post it here so i can get the ea to work. thanksIgnored