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Attachments: Zen method, make your own bank
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Zen method, make your own bank

Quoting hal7
{quote} Got it, thanks
ur welcome hal
yesterday markets moves great, took a lot of take profit yesterday,take profit with slippage though.
Update on trades. Using original parameters 3 trades hit profit +300. Currently short EU -61, long GU -20.
Quoting hal7
{quote} Yes, very good Zen. I am running 6 pair at 0:00 and 4 pair at 8:00 now. For me it is more time convenience. As the 0:00 time zone is downtime before the Asian open and 8:00 I have many more things to attend to. The thing I like about this method is it is simple and not time consuming like others.
Please can you give an update on your trades that starts at 0:00?
Quoting aelimian
{quote} Please can you give an update on your trades that starts at 0:00?
I have not been paying as close attention to that set up as I should. I have more pairs running AU, GJ took profit. Currently have open GU -53, CA -270, EU -18, AU +10, JY -220.
Quoting zentrader8
can anyone here help me to create an indicator like this? {image} its M-candle, but the different is i dont want it to show per hour, or per day that start from daily open, i just want m candle that start from 8.00 until 8.00 the next day. anyone can help?thanks
Hi zentrader8,
this indi should do the job for you.
Can you please explain if you use the indi to help your trading and how?
Also does the MA serve any purpose?

Cheers.

Attached File(s)
File Type: mq4 GeraldHighLow_v1.1.mq4   18 KB | 196 downloads
Just had to fix a small error I made with the shadow calc when the time is not 8 til 8.
All good now.

Attached File(s)
File Type: mq4 GeraldHighLow_v1.2.mq4   18 KB | 286 downloads
Quoting kaza007
Just had to fix a small error I made with the shadow calc when the time is not 8 til 8. All good now. {file}
thanks kazaa

i use the indi to see and backtest the trade, because i want to test the trade without deleting the pending buystop/ sellstop,
so everyday i set the buystop and sellstop at 8.00 high /low + and - 100.
and wait it until it triggered.
Update on my 0:00 trades GU, AU, GJ, GJ = +400 Open trades: CA -250, EU -87, AU +42, JY -240
Quoting hal7
Update on my 0:00 trades GU, AU, GJ, GJ = +400 Open trades: CA -250, EU -87, AU +42, JY -240
overall is it still total in profit hal?
No on the 0:00 I am currently down -450 open trades versus closed profit, but I am running more pairs.
On 8:00 trades I am +204 running 4 pair, 2 open trades.
Quoting kaza007
Just had to fix a small error I made with the shadow calc when the time is not 8 til 8. All good now. {file}
Hi Kazz please can you go a step further in creating an arrow alert that will show up at 8 and point to the direction of the breakout .Rgds
Ok Slingshots1 see how v1.3 goes!
Note that there is no sound when the arrow pops up.

Attached File(s)
File Type: mq4 GeraldHighLow_v1.3.mq4   29 KB | 296 downloads
Update on my trades, I am trading GU, CA, EU, JY starting time: 0800
Open trades: EU -27, JY -140
Closed trades: +387
Quoting hal7
Update on my trades, I am trading GU, CA, EU, JY starting time: 0800 Open trades: EU -27, JY -140 Closed trades: +387
and all is automated with your 5 minutes a weak monitoring right

be smart or die trying
Quoting dicojoxaftr
{quote} and all is automated with your 5 minutes a weak monitoring right be smart or die trying
Yep.
Dear Zentrader8,

I read all your post and reply on this thread, i do love your strategy, but i still not clear about pending order:

1- example we set pending order 100pips from high or low, then the market hit our sellstop, so should we delete our buystop at opposite direction?
2- Everyday should we set buystop and sellstop from high and low of 8:00am candle ? while our yesterday entry positions still opening ?
3- example our sellstop hit, but market revers to uptrend, so when could we close trade ?

Thanks,

Loka009
Quoting hal7
Update on my trades, I am trading GU, CA, EU, JY starting time: 0800 Open trades: EU -27, JY -140 Closed trades: +387
so overall still in profit hal?
nice to hear that.
Quoting kaza007
Ok Slingshots1 see how v1.3 goes! Note that there is no sound when the arrow pops up. {file}
thanks for the updated indicator !
looks great
Quoting loka009
Dear Zentrader8, I read all your post and reply on this thread, i do love your strategy, but i still not clear about pending order: 1- example we set pending order 100pips from high or low, then the market hit our sellstop, so should we delete our buystop at opposite direction? 2- Everyday should we set buystop and sellstop from high and low of 8:00am candle ? while our yesterday entry positions still opening ? 3- example our sellstop hit, but market revers to uptrend, so when could we close trade ? Thanks, Loka009

1.Yes, the original method is delete the trade if it is not hit, but right now im testing a same method without deleting the pending orders, so we need to wait until it triggered, so we play based on area. if the pending order didnt hit for 2 months we delete the trade.
2.yes,
3. yes. the original method didnt use stoploss, but the new method i use 100 sl with 100 tp.
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