Yes, usually I would trail the stop 20 pips behind the 100 sma and use the close on ma function to close if the price closes the other side of the 100 sma. Would have saved me some money this morning if I'd had a pc on. Nevermind.
I am looking at the idea someone posted a few pages a ago about using the 100 sma of the high and the 100 sma of the low as a channel and trailing behind the opposite side of it for 10 pips or so. I like the idea of that, a moving channel of support and resistance.
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Ok. Many thanks. The channel SMA may be a good idea. I would not have been stopped out on my first AU entry....
Yes, usually I would trail the stop 20 pips behind the 100 sma and use the close on ma function to close if the price closes the other side of the 100 sma. Would have saved me some money this morning if I'd had a pc on. Nevermind.
I am looking at the idea someone posted a few pages a ago about using the 100 sma of the high and the 100 sma of the low as a channel and trailing behind the opposite side of it for 10 pips or so. I like the idea of that, a moving channel of support and resistance.
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and what nice is about the channel is that you still use the normal EA for trailing the stop, you just have set it now to the LOW (if you are in a buy) or HIGH (if you are in a sell). Works like a charm.
If anyone is struggling, let me know I can post a screenshot or 2.
Well done, are you setting a take profit or are they partial take profits?
Had a few s/l hit today. 3rd time lucky with E/U, SL, BE the stopped, BE and running.
E/J second time got to BE, Eur/Aud and Gbp/Chf going well.
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I'll let them run for a bit, there is a bunch of important information coming out tomorrow at 8:30 (GMT -5). Also, I'm bearish on EUR b/c it seems that Syriza seems to be getting people from New Democracy party...
Sorry, didn't answer the second bit. Tick Value Modified just tells you how many lots to risk on each trade. The settings I use are 50 pips at 3%. You can vary that if you want in the settings. It also tells you the spread of the pair you are looking at. It's calculated using the closed balance not the equity.
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Thank Hugh! My broker uses 5 decimals (pipette), therefore should I enter 500 instead of 50?
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Joined Apr 2011
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Status: On the lookout for a good trend...
|152 Posts
Second position opened – had the wife do it – What a nightmare, she accepted a nasty re-quote – so I opened -10 …. Anywhoooo…. Second position 1.2476 SL 1.2526 Yup I really need to figure out how to work my account during office hours.... Web based? something.... Oh and the wife was all grochie about it too..... LOL.
Second position opened – had the wife do it – What a nightmare, she accepted a nasty re-quote – so I opened -10 …. Anywhoooo…. Second position 1.2476 SL 1.2526 Yup I really need to figure out how to work my account during office hours.... Web based? something.... Oh and the wife was all grochie about it too..... LOL.
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I connect to my home PC via my iPhone. Lots of options VNC is a free one, Logmein is paid.
Second position opened – had the wife do it – What a nightmare, she accepted a nasty re-quote – so I opened -10 …. Anywhoooo…. Second position 1.2476 SL 1.2526 Yup I really need to figure out how to work my account during office hours.... Web based? something.... Oh and the wife was all grochie about it too..... LOL.
Second position opened – had the wife do it – What a nightmare, she accepted a nasty re-quote – so I opened -10 …. Anywhoooo…. Second position 1.2476 SL 1.2526 Yup I really need to figure out how to work my account during office hours.... Web based? something.... Oh and the wife was all grochie about it too..... LOL.
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Also try TeamViewer, it is free software and you can connect from almost any device.
If people are looking for a way to add on to their trades, you could consider a method like this:. You should try to do it when support or resistance is broken. An easy way is to add fractals to the chart (yes I know, more clutter but fractals are quite small and benign looking) you can use the fractal breaks on any chart, but personally, I never go on anything less than the 15M chart so don't qutoe me there. So for instance, you enter on the 1 Hr chart, with 4H or daily confirmation. You can enter and add on using almost any chart in between. If fractals dont make sense to you, barry's support and resistance indicator (easily found in any search) will make things clear and they are the same thing as fractals, but barry's is more invasive to the chart.
Good job on the thread Hugh. I agree, its nice not to have a bunch of nay sayers tryin' to tear things down instead of building and making things better.
If people are looking for a way to add on to their trades, you could consider a method like this:. You should try to do it when support or resistance is broken. An easy way is to add fractals to the chart (yes I know, more clutter but fractals are quite small and benign looking) you can use the fractal breaks on any chart, but personally, I never go on anything less than the 15M chart so don't qutoe me there. So for instance, you enter on the 1 Hr chart, with 4H or daily confirmation. You can enter and add on using almost any chart in between. If...
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Thank you for the sugestion, I have not ever used them but I would like to test the Fractal theory on some past trades and see if it pans out on the H1 -
