thnx for the EA. it is the first time and i think it would help me much along the way im learning more about forex. thnx to u guys.
Cornflower EA 69 replies
Simple Hourly System 4 replies
Special request: Can someone make a Cornflower EA for us? 24 replies
cornflower mq4 request. 1 reply
DislikedI took 2 trades during the early part of the Asian session, 1 winner & 1 loser.
First, the bad : AUD/CAD Long. I thought this was a trade with good potential . . . but someone forgot to tell all the other traders apparently. :surprised I may have tried to jump on board a developing trend too early, or it might just have been the whims of trading.
Now, the good : GBP/USD Long. I entered at 2.0163 when price retraced, and set a very modest target of 20 pips on 1 lot & 30 pips on the 2nd lot in anticipation of price stalling, at least temporarily, at 2.0200. As it turned out, the market did retreat just below 2.0200, but went high enough to reach my targets.Ignored
DislikedNow I'm no expert, mate, but re your attempted trade on AUD/CAD yesterday. Before you entered the trade, the price had been moving sideways for a while. I would have probably have drawn a resistance line across the top of them and waited for the price to pierce that before entering a trade. I know it's not strictly according to the rules (although I could be wrong), but it just seemed the most sensible thing to do. Sorry if I'm out of order, mate, but it's just my opinion.
Cheers.Ignored
DislikedDo you think that "paper trading" Cornflower for a few weeks would be beneficial? (just to see if I can make a go of it.) Probably gonna have to take my licks, and rather have them be on-paper! Any suggestions or pitfalls to look-out for?Ignored
DislikedMy apologies in advance for trying everyone's patience with yet more Newbie questions that may have been answered somewhere in the previous 540 posts but missed by me.
On a 60 min chart and presuming an uptrend
1. If a pullback causes the 12 EMA to cross below the 24 EMA is it advisable to wait for them to cross back before taking a Long trade.
2. In the above situation but with price showing no signs of returning back to the uptrend and the shorter EMAs all having reversed, is it necessary to wait for price to break below the 72EMA before considering a Short trade.
3. Again, using 60 min chart and presuming an uptrend, what is the trigger for a Long trade. Do I have to wait for price to break back above the 12 EMA and if so, do I wait for the candle to close or is it just discretionary ie. guessing and hoping if there is no additional signal such as price hitting strong support or a reversal candle signal.
Thanks to everyone here for giving up their valuable time to help others. Until I saw this system, my trading has been just the "Triumph of Hope over Experience" Hopefully thanks to Cornflower this will now change.Ignored
Dislikedthanks for reply Yen,
It's just that the bar before was a new high, did you
consider that?
TerryIgnored
Dislikedg/j long signal now at 246.84
noticed the long wick on H1.........setting up a run to the highs for today and tomolo.
Ignored
DislikedGreat call, but what system were you using. Was it Cornflower or something else.Ignored