Trending is one way to trade... Consolidation is another

Quoting jiva34

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I think it will work out. When 3-3 crosses on the Day chart that is when any positions that are still open are closed either for a gain or a loss and the settings in the ea are for the new direction. Set the ea so it opens a position immediately and then look for 10 pip steps. Even if the ma's are too slow it still should be able to catch 10 pips. Now I have to see how many positions can be opened safely. Am only looking for $1 or 10 pips at a time. So two positions should be more than enough. Really 1 position is ideal. There is potential for a...

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Quoting rswamy4449

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{quote} --------------------------------- Jiva, hi! EA nicely taking the trades on EURUSD and USDJPY. However, so far, no trades reported on AUDJPY,NZDJPY, and AUDUSD pairs. May be because of high spread or other reasons, I don't know. Thanks! RSwamy

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Quoting jiva34

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{quote} Probably the spreads. I noticed that too. Sometimes it should have certainly opened but didn't. Good luck with it.

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Quoting rswamy4449

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{quote} ---------------------------- Jiva, finally got a trade on AUDUSD (boy trade), though I consider it too late. How to control the number of trades? Looks like, just need to increase the step value right. Thanks! Rswamy

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Quoting miroslavo

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Hi Jiva34, can you tell me how to run it?

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Quoting jiva34

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{quote} That's one way. Someone probably has coded an ea that will do that. Check out the Digger. It does everything I've wanted... It does what this one does and more. I'm posting it on the title page.

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Quoting goodways100

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Can some one tell me when I unzip Digger I get a strange setup file "Digger 1_6 Conserva.set" to put in the expert folder. See attachment. This is my first time ever with such a expert advisor setup file. Can some one help. Thanks and Regards {file}

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Quoting goodways100

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Can some one tell me when I unzip Digger I get a strange setup file "Digger 1_6 Conserva.set" to put in the expert folder. See attachment. This is my first time ever with such a expert advisor setup file. Can some one help. Thanks and Regards {file}

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Quoting jiva34

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I'm going to be testing experts. Maybe I should move to journals. I'll keep posting here until something says I'm in the wrong forum. Digger is successful but the overall return is very conservative. At most 16% at least as I have tested with different setting so far. That means for $1000 account $25 dollars per month or $300 per year. Better than a cd, bonds and most stocks. But forex can do a lot better than that. The coders put a free version out as a teaser to sell their high power version. You can see what their strategy is from the teaser...

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Quoting rswamy4449

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{quote} ---------------------------------------- Jiva, I agree! (Digger EA)Making $300 profit from $1000 is really not that bad. Anyway, Fishing EA made positive pips currently at $8 profit on eurusd, where as it made $15 profit on audusd (the trade was taken very later on this pair). EA lost on audjpy and nzdjpy pairs, because trades were taken very late (at Europe session), by that time trend revered on jpy pairs. One has to be in front of the computer in order to manage the positions taken by EA. I am taking ONLY BUY trades . So far, I found...

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Quoting jiva34

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{quote} Market times is significant. Late in the day means flattening out usually. If I was allowed to hedge by the US regulations I would use fishing eas, that is part of it's appeal... But If I have to identify the trend it makes it vey difficult for me, since i still have to use some other strategy to supplement it. I am looking at Digger ea, since it enters on candle strength... so trend is not an issue with it. If someone can hedge then fishing might be for them. Good luck.. Keep us posted.

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Quoting rswamy4449

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{quote} -------------------------- Jiva, eurusd reached to $34 profit range,audusd still around $15 range. Absolutely, market timing is very important. I attached EA after 2 hours of daily open, and that time JPY was in trend. The problem I faced was EA did not take trades on jpy pairs in time (except usdjpy)and before euro session pairs already reached daily average range, and reversed the trend. I also live here in US (Louisiana). Recently opened live account at Tradersway.com and they do allow hedge. For some more time, will concentrate on fishing...

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