Looks like the Pound could be setting up for a long...
But, we have US Interest Rate Statement at 2:15 pm...
hmmmm...
But, we have US Interest Rate Statement at 2:15 pm...
hmmmm...
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Quoting navadwipaDislikedHello,
Could some kind shoot me a pdf of the "stop loss application" and "gbp/usd trades" that Mouteki posted this morning. Having trouble with my adobe. i actually submitted a conversion but have not received it yet. does it come thru email. how long does it take. does anyone know? thanksIgnored
Quoting navadwipaDislikedthat's great for the powerpt presentation. but how do i get to the "stop loss application" in word format. thank you.Ignored
Quoting dangermanDislikedThe only problem I might have is moving stop to plus 10 when 40 pips in profit.Ignored
Quoting imbiberDislikedA while back a poster named Stockwet posted his EA which allows you to set up target amounts which then automaticly moves your stops for you. I have been using it for weeks now and it saved me on two trades last night.
The way I have it set up is...
First_Target is the price projection.
Target_Increment is at a default of 20 but I don't use it.
Close_lots is set to .5 for me as I trade in half lots
Move_stops is set to true
First_stop is set to 40
Stop_differential is set to 10
Use_Max_loss is set to true
Max_loss is set to whatever the stop is calculated using Moteki's stop loss guide.
http://strategybuilderfx.com/showthread.php?t=16297
I'm still waiting to go long on GBP/USD. Currently, I'm short EUR/GBP down 5 pips and short USD/SGD down 6 pips.Ignored
Quoting dangermanDislikedThanks imbiber,
I'll check it out. I've never used an EA with metatrader, do I put it in the experts folder? (i.e. the parent of the experts/indicators where you would normally put an indicator). And then how do you turn it on?Ignored
Quoting imbiberDislikedSave the .mq4 file in the experts directory and then close MT4 and re open and you should see it when you expand the EA section in the navigator. I will try and find you a step by step guide on setting up an EA to run with MT4. I think I have seen some here at Forex Factory.Ignored
Quoting AttiqulDislikedhi, thanks mouteki.
i was looking at the charts in your backtest powerpoint and came across the attached one. You see in the attached chart there was another opportunity to go short (black line). I believe you said if there is a new opportunity in the same direction you have to take the price projection of the new opportunity, do you also change your stop loss to that of the new opportunity??
You didn't mention anything in the backtest. Hope that makes sense.
Regards.Ignored