It does not matter what is the direction of last closed bar.
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DislikedHi Smilee,
It seems a nice & simple system, based on sound principles of price action (but better call them Outside Bars..... ) ....
But I don't understand the MM. It seems to me that Risk/Reward ratio isn't so good.... we could have far more than 15 pip SL & we go only for few pips. One loss can wipe out many wins.....
Have you tested live this system? What are your results?
Thanks!Ignored
DislikedSmilee, maybe you missed my previous post........ could you please answer to my questions?
Thanks!Ignored
DislikedHello to all. Wish you all many pips with the approach that Smilee is sharing. joancb/smilee I would like to help out with the EA. Now according to the rules that smilee posted on the first page there was no mention of paying attention to the "ask" price when determining that price broke out by 0.1 pip the previous candle. In addition there is no mention of how 4 digit brokers are to be handled. There prices do not go down to pippettes (eg 2.1 pips). So, long story short, based on the 1st post I think this is what is needed for the EA....Ignored
DislikedJess,
the updated code is working correctly regarding the spread and decimal pips.
You can help with future changes that may be needed.
As for 4 digits broker, I did not check this system with this issue.Ignored
DislikedKewl, you guys fixed it. I must have an older version of the EA. AS you know 5 digit brokers allow you to go down to the 0.1 pip level where as on the 4 digit brokers that does not happen. But now that I think about it should be ok. As long as price breaks the 0.1 pip level above the high or low the 4 digit broker will also detect it properly.. After all 1 pip is greater than 0.1 pip .
And for in case ... on ECN brokers you first place the trade and then you place the Stop loss and take profit separately. Where as on non-ECN broker you...Ignored
DislikedPlease guys,
when you update the EA in this post, it could be useful write the Timestamp (date, hour) and write something about the update...
So people can see if that is up to date version and which features has the EA.
A suggestion: it should be useful add a Money Management setting (i.e. lotsize = % of account)
Thanks!Ignored
DislikedThanks for the answer!
Actually, the parameters of the EA (as downloaded from post #9 )are SL 10 pips, TP 150...!?!?
Is it right?Ignored