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Trading Made Simple

  • #80,921
  • Jul 21, 2017 2:34am Jul 21, 2017 2:34am
Just testing Enzzo HA Expert to manage trade.
Did not follow his MA rules but to test the functions of the EA to manage the SL .

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD enzzo EA M15 trade.png Size: 25 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,922
  • Jul 21, 2017 2:49am Jul 21, 2017 2:49am
USDCAD trade update,

next HA candle open, EA move SL to previous HA candle low.

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stopped out ...

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,923
  • Jul 21, 2017 3:03am Jul 21, 2017 3:03am
Next trade:

New HA candle open, I click on buttom LMT based on price action setup ... (H1 Pin Bar)

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD enzzo EA M15 trade LO1.png Size: 25 KB



Edit:

Update, limit order triggered...

Attached Image (click to enlarge)
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kind of fun watching how the EA open the limit order and follow the HA candle body. good stuff Enzzo.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,924
  • Jul 21, 2017 3:16am Jul 21, 2017 3:16am
Hit SL!

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD enzzo EA M15 trade LO1 upd2.png Size: 22 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,925
  • Edited 3:33am Jul 21, 2017 3:20am | Edited 3:33am
After last SL got hit, now with BUOB setup candle and TDI bounce,
limit order triggered.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD enzzo EA M15 trade LO1 upd3.png Size: 23 KB


Edit:
Update: Stopped out when new HA candle open and the expert moved SL to the low of the previous HA candle.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD enzzo EA M15 trade LO1 upd4.png Size: 21 KB



Note, I am testing Enzzo new EA but I trade with Price Action. Today is CAD news when NY open later. Good time to test this EA to see how it reacts to market volatility and slippage when news release time.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,926
  • Jul 21, 2017 4:17am Jul 21, 2017 4:17am
Quoting emmanuel7788
{quote} thank you. just tested few trades to see the trade management functions. your EA functionality are working nicely.
Big Thanks! )
  • #80,927
  • Jul 21, 2017 5:39am Jul 21, 2017 5:39am
Quoting emmanuel7788
{quote} Hi, You cannot do this when you use lot increment like what chnp did, he has different lot sizes for his entries. Also when you have rollover of your trades, depending on the broker used, there are other cost like swap incurred. You can refer to MT4 programmer manual. I posted an indicator ""AveragePriceOpenPos" [click] to download and to place onto your trading charts. This will show you the average entry price of Buy and Sell open positions....
Hi Emm,
I haven't had chance to test this indicator yet, been busy with some family stuff this week. I will try to do this next week, but in the meantime, I had some questions about calculating average entry based on incremental lot sizes and then trailing our stealth SL for the basket by average entry.

Average entry calculated based on lot size is the true break even level, is that right?

So if we trail by average entry (BE), the trailing stops once the trade goes, and continues to go in our favour, as the BE level is then fixed? I have a feeling I may have misunderstood this concept. Can you point me in the right direction?
Thanks
  • #80,928
  • Jul 21, 2017 6:12am Jul 21, 2017 6:12am
Quoting emmanuel7788
Hit SL! {image}

... patience ;-)
.. Tdi cross did t appear at entry ...
Im sure 001 lots with 7 pips SL won t ruin your main account ..


Stay tuned + a nice weekend @ all
Guido
Risiko birgt immer auch die Chance.
  • #80,929
  • Jul 21, 2017 9:39am Jul 21, 2017 9:39am
Quoting Uk1
{quote} Hi Emm, I haven't had chance to test this indicator yet, been busy with some family stuff this week. I will try to do this next week, but in the meantime, I had some questions about calculating average entry based on incremental lot sizes and then trailing our stealth SL for the basket by average entry. Average entry calculated based on lot size is the true break even level, is that right? So if we trail by average entry (BE), the trailing stops once the trade goes, and continues to go in our favour, as the BE level is then fixed? I have...
Hi Uk1,

I am using this indicator. This indicator shows average entry price if you have multiple entries with incremental lot sizes, current profit/loss amount. Hope this is helpful. Thank you.
FOR THE HORDE
  • #80,930
  • Jul 21, 2017 12:56pm Jul 21, 2017 12:56pm
Quoting Uk1
{quote} Hi Emm, I haven't had chance to test this indicator yet, been busy with some family stuff this week. I will try to do this next week, but in the meantime, I had some questions about calculating average entry based on incremental lot sizes and then trailing our stealth SL for the basket by average entry. Average entry calculated based on lot size is the true break even level, is that right? So if we trail by average entry (BE), the trailing stops once the trade goes, and continues to go in our favour, as the BE level is then fixed?...

Question: Average entry calculated based on lot size is the true break even level, is that right?

Answer: NO. What is your definition of "true break even"?

Breakeven must include all other costs of the trade transactions charged by your broker.

I trail using the Average Entry Price of all open positions. Keep this simple.

I may have taken some losses from some trades (closed positions)in a basket, these losses must be calculated in the Profit&Loss in a given period for example a monthly P&L.This should not be done in your MEME trade manager EA, it makes it very complicated.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,931
  • Jul 21, 2017 12:58pm Jul 21, 2017 12:58pm
Quoting Sesamstrasse
{quote} ... patience ;-) .. Tdi cross did t appear at entry ... Im sure 001 lots with 7 pips SL won t ruin your main account .. Stay tuned + a nice weekend @ all Guido

you are right the TDI did not show cross.

TDI is king.

But PA is also king.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,932
  • Jul 21, 2017 1:08pm Jul 21, 2017 1:08pm
Quoting emmanuel7788
{quote} XAUUSD Jul 21: Yesterday's move was not very convincing as it closed a spinning top candle which did not break the previous Day Inside Bar Mother Bar candles. But looking for buy is the better choice. {image} Trading the D1 chart requires patience, lots of it.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Week 29 Jul 21.png Size: 46 KB


XAUUSD spinning top rally...

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Week 29 Jul 21 update.png Size: 47 KB


always trust your belief in the Power of 10EMA and the TDI.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,933
  • Jul 21, 2017 1:12pm Jul 21, 2017 1:12pm
Quoting JKLee
{quote} Hi Uk1, I am using this indicator. This indicator shows average entry price if you have multiple entries with incremental lot sizes, current profit/loss amount. Hope this is helpful. Thank you.

yes, of all open positions on the trading chart.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,934
  • Jul 21, 2017 1:22pm Jul 21, 2017 1:22pm
Quoting emmanuel7788
USDCAD Week 28 Jul 12 H4: What's ahead of us today? A possible master Candle [3] if today's trading does not go below the low of that Mother bar of the Inside Bar. This MC[3] is sign of market consolidation range. This market type has potential in the coming days and weeks. Today is possible to sell on H4, but only if the PA goes below its 10EMA on H4. MN and W1 is in favour but D1 is sideways. Some believe the RSI and other oscillators that the market is heavily Oversold OS. Do you have such belief? {image}

USDCAD breaks lower. Next week possibly we see it hit the low of 2016 1.2460.

D1 is deep in oversold territory.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,935
  • Jul 21, 2017 1:33pm Jul 21, 2017 1:33pm
Hello guys I have one quick question. I'm trading the daily charts, do you recommend leaving your position open through the weeken?
  • #80,936
  • Jul 21, 2017 1:36pm Jul 21, 2017 1:36pm
Quoting emmanuel7788
{quote} Yesterday, someone very big was trading the Yearly chart ... LOL. I wont get euphoric with those kind of spikes and start selling at the high. I don't want to end up with my trading capital locked in floating losses/DD for days and weeks. I continue to stay on the buyers side until I see a W1 2-bars reversal pattern or a 5-bars D1 reversal pattern. {image}
NZDUSD Week 29 Jul 21 closing very strong.

Still no sign of correction or consolidation yet.
MN may face some resistance.
But it will be challenge to pick good buys next week as we are in the month end closing next week.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Week 29 Jul 21milti-charts.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,937
  • Jul 21, 2017 1:53pm Jul 21, 2017 1:53pm
USDCAD Jul 21 news trading:

Tried Enzzo HA expert to trade H4 during today CAD news.
The EA open the trade on H4 but the SL above the previous HA high was too tight to trade any news events. SL got hit by the spike.

I would normally place my SL above the previous 2 days high when I face the major news release. Therefore this trade would have work if I use the EA on D1 chart for news trading. The direction was correct.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD enzzoEA Jul21 news trading.png Size: 26 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,938
  • Edited 6:00pm Jul 21, 2017 3:41pm | Edited 6:00pm
Quoting emmanuel7788
USDCAD Jul 21 news trading: Tried Enzzo HA expert to trade H4 during today CAD news. The EA open the trade on H4 but the SL above the previous HA high was too tight to trade any news events. SL got hit by the spike. I would normally place my SL above the previous 2 days high when I face the major news release. Therefore this trade would have work if I use the EA on D1 chart for news trading. The direction was correct. {image}
I stick to the original strategy and rarely look at news. Daily time frames the most logical. Price fluctuations is the nature and physics of the market. I started working on TMS a month ago. Not a day goes by that this system has failed me. I was catching stop losses, I was not right places. In the future I'm going to do it. But it's the only strategy, which began to generate me a stable cache. I work only on daily timeframes, because when in New York 05:00 pm, at my house 08:00 am ))
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  • #80,939
  • Jul 21, 2017 4:50pm Jul 21, 2017 4:50pm
But I was very close to stop loss
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  • #80,940
  • Jul 21, 2017 10:06pm Jul 21, 2017 10:06pm
Hi Enzzo, appreciate your share of ea. i'm currently testing it..started last night though... will see how i go and share my experience....
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