Hmm... have you changed the magic number value? Have you removed and reattached the EA to the chart? The chart where the EA runs on must be open all the time...
Regards - Xaron
Regards - Xaron
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DislikedI'm using a simple strategy that's similar to FXtardepro strategy, i was using this strategy since nov/05 but i was doing mannualy , so goto thanks to Fxtradepro for sharing his ea with us, the strategy that i'm using it's simple i'm only entering on big news that have a range of 40+ pips on the first 30minuts after the news release, an setting the lots as martingale, ie. 1,2,4,8,16,32.. since i'm using this strategy the maximum number of trades that have to be opened was 6trades. It sims riskly but, i use about 0,5%of the margin as initial lot on a mini account so, the results it's like this:
Usually it take 3 trades do close on the tp so it like this that happens, te's take as example an mini aacount with 5K, so lets go to the example:
0.25 closed on sl -10pips -2,50USD
0.50 closed on sl -10pips -5,00USD
1.00 closed on sl -10pips -10USD
2.00 closed on tp +40pips +80USD
total = 62,50USD
it seems that isn't a great result, but 62,50USD it's more than 1% of the account balance. We have abou 4 great news at least on a month that have movs bigger than 40pips, so its abou 4trades that u would do one a month, so ussualy trqade on usdjpy and gbpusd cause of the spread and the range that it haves, i trade only in this 2 at the same time and no more pairs, to limit the risks of the trade, só if u make 4 trades on this 2 pair a month u will to about 8trades monthly and generaty a profit between 4 and 10% of your account balance, i'm ussing this stratey on my live account since nov/05 and that's the results that i'm habing with it, u can test on a demo account to as see by yourself hehehehe.Ignored
Dislikedi don't get this! it is working on my demo but not my damn live acct. does anybody know why this is happening?Ignored
DislikedFirstly, thanks Fxtradepro for sharing your ideas and trading plan. You made it clear enough to everyone to understand and at same time professionally presented . . .
I have something to share concerning entry points which seem to be a questionable point over this thread. If we classified your system into the Volatility driven category then, the best entry points will be at low volatility times expecting increasing volatility in either price directions which is the objective of Fxtradepro strategy.
I recommend here 2 available technical indicators on MT4 as follows:
- Bollinger bands 10,2
- Standard deviation 10
IMO, the best times for entry are when Bollinger 2 bands are closer to eachother than average and SD at its lowest values over last 50-100 bars. I usually expect a breakout at the direction of middle BB band (not a must ).
Just food for thought. Think about.
HaniIgnored
DislikedI'm consistently successful with GBPJPY... This is the result of my last trade: entry @ 2:35 GMT; closed @ 11:14 GMT... 12th progression... SL-25, TP-105...
The only problem is the maximum capital margin reserves needed to protect against 24 progressions. Based on the FXTradepro calculator, I would need about 94,250 (although I belive that the cross currency valuation would actual require about $82,000)...
Nonetheless, the point is that my captial requirement for this currency pair is much more substantial than the traditional SL-10 & TP-40 strategy for pairs with lower spreads. As a rule of thumb, my SL s/b at least 2.5 times greater than the spread. Of course, as a positive offset, the profits are proportionately higher in accordance to the capital reserve requirements.
WaltIgnored
DislikedI'm using on usdgbp usdjpy gbpusd adn usdchf, also using sometimes on eurjpyIgnored
DislikedFxTradePro: I believe i remember reading on the earlier pages, that you purchased this EA. Did you hire someone to "code" it for you, or did you actually purchase it from another company.
Only reason I ask, is because as I said earlier, I was hoping to try it by intergrating it with my (my own built) EA. It is a trend-follow EA, and works a good portion of the time, but when it is wrong, the market usually moves against it 50-100pips. My objective was to have my coding, inserted with your money management, so that my code opened the trade (timing), then have your money-management take over. Basically, making it a walk-away type of system.
If you purchased it from another company, would you be willing to send me private message, and tell me who it is through, because I would like to purchase a copy from them so that I can view/change the code.
Again, this is what I do for a living. I sit at home, and watch trades all day and read forums. It's a cozy, boring life, and I like to try new things. If you "hired" someone to code it for you, then nevermind, and i completely understand how you would want to keep it to yourself. If that is the case, I am either going to have to figure out if I can have my EA running, and have it call onto yours when a trade opens, or either just code the money management system and try to mimic the semi-mart setup.
Restating: If either you, or a hired person coded it, ignore all of this, because I understand how it feels to have people messing with your work. I put my EA for testing about a year and a half ago, and was flooded with non-stop people saying that I should change things, add things, not working on their machines, etc, etc, etc, etc. But, if you bought it from a retailer, I would love to get a copy of it so I can interject my own code to tell it when to open/close.
Thank you,
Adam AbrahamsonIgnored
DislikedHey Jim from Minn...........Thanks for stopping by and Welcome to the Thread. Please let us know how you are doing with the Strategy.
DanIgnored
DislikedTwo more trades taken today.
I tried to do a timed entry on EUR/JPY and GBP/JPY at 6:00 GMT, a couple of hours before the London open this morning. I had my Hibernate set to true but the EA did not open any trades so, as a test, I reset the EA to open at 18:00 GMT today with the hibernation off and it opened the trades with no problem.
My EUR/JPY closed at 00:44 on the 11th progression for $302.82 profit + $15.63 swap.
My GBP/JPY closed just a few minutes ago at 01:31 on the 8th progression for $408.75 profit and $29.44 swap.
I will try again this morning around 6:00 GMT to see if it opens a timed entry with the hibernate set to true, otherwise I will leave it set to false.
4 trades total for a profit of $1,007.24, not bad for two days work!!
Ignored
DislikedJust cleared 40 TP in only 2 progression on the AUD/USD.
6pm CST is a good time to trade this pair long, so I set my first buy entry 5 pips about the 6pm close price .8652.
1st entry was a sell, for a 10 pip loss, then the 2nd entry missed the stop by 1 pip, then never looked back.
+30 net in 1 hr 45 mins.
I will be looking for another good entry on the GBP/USD during London later.Ignored