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  • #461
  • Sep 17, 2015 7:21am Sep 17, 2015 7:21am
Quoting skyline
Hi Cjtylor, I've discontinued Demo Udine EA that you can see in Trade Explorer (will remove soon from there) since is it obvious that this EA is not profitable. Speaking about the live account running without any TP set, actually I have only one position opened on EJ long @134.70 so around 180 pips right now in floating profit but a lot of other positions closed in loss or at B/E. There would need to catch some other big move so that equity will start to go in positive territory. Numbers in my account : Balance : -8.27% Equity : +7.14% Will attach...
Hi skyline;

With +200 pips you Do not have any plan to protect part of this good entry?

Grazie
  • #462
  • Sep 17, 2015 7:32am Sep 17, 2015 7:32am
Quoting chaveznqoos
{quote} Hi skyline; With +200 pips you Do not have any plan to protect part of this good entry? Grazie
Hi Chaveznqoos,
200 pips are too low amount to even consider some action, at least I would wait up to 500 pips before start some form of trail by using a daily Donchian Channel or something based on daily ATR. Keep in mind that this kind of approach is a position/long term trading style with 500-1000 or even more profit from a single order as main goal.

An early trailing could avoid such big gains, I know very hard to keep trading like this (a lot of losing trades coupled by very few winning).

I could further consider some future changes to implement some trailing mechanism automatically handled by EA.

Regards,
Skyline
  • #463
  • Sep 17, 2015 7:40am Sep 17, 2015 7:40am
Quoting skyline
{quote} Hi Chaveznqoos, 200 pips are too low amount to even consider some action, at least I would wait up to 500 pips before start some form of trail by using a daily Donchian Channel or something based on daily ATR. Keep in mind that this kind of approach is a position/long term trading style with 500-1000 or even more profit from a single order as main goal. An early trailing could avoid such big gains, I know very hard to keep trading like this (a lot of losing trades coupled by very few winning). I could further consider some future changes...
Yes, makes sense !!!!

Regards.
  • #464
  • Sep 22, 2015 6:45am Sep 22, 2015 6:45am
Quoting skyline
{quote} Hi Chaveznqoos, 200 pips are too low amount to even consider some action, at least I would wait up to 500 pips before start some form of trail by using a daily Donchian Channel or something based on daily ATR. Keep in mind that this kind of approach is a position/long term trading style with 500-1000 or even more profit from a single order as main goal. An early trailing could avoid such big gains, I know very hard to keep trading like this (a lot of losing trades coupled by very few winning). I could further consider some future changes...
Grrrrrrrrrrr !!!! bad luck with the entry of EURJPY, but is part of this business in Forex.

Regards Skyline
  • #465
  • Last Post: Sep 22, 2015 6:59am Sep 22, 2015 6:59am
Quoting chaveznqoos
{quote} Grrrrrrrrrrr !!!! bad luck with the entry of EURJPY, but is part of this business in Forex. Regards Skyline
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