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  • #80,941
  • Jul 21, 2017 10:23pm Jul 21, 2017 10:23pm
Quoting emmanuel7788
{quote} 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. {image}
Hello emmanuel7788,
Two indicators in your picture are free here on FF or they are your own?
Many thanks!

Regards,
Exciter135
  • #80,942
  • Jul 21, 2017 11:23pm Jul 21, 2017 11:23pm
Quoting investwisely
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....
I hope that can help.
  • #80,943
  • Jul 22, 2017 1:53am Jul 22, 2017 1:53am
Quoting Enzzo
{quote} I hope that can help.
Thank you very much for this very functional EA which saved me from big draw Down.I made all long Entries from LMT button. 3 longs stopped out and one in profit.
We take Long by pressing LMT Button
what if we want to take Short entry.
Does this EA place orders Automatically also,how?
Or only Long entry through LMT button Manually?
Kindly explain
Thanks.
  • #80,944
  • Jul 22, 2017 2:21am Jul 22, 2017 2:21am
Quoting arasheed
Does this EA place orders Automatically also,how?
Hi! This EA looks at direction of HA-candle. You can run it on visualisation mode by pressing F12 button
  • #80,945
  • Jul 22, 2017 6:15am Jul 22, 2017 6:15am
Quoting Exciter135
{quote} Hello emmanuel7788, Two indicators in your picture are free here on FF or they are your own? Many thanks! Regards, Exciter135
Frequently Asked Question FAQ when people do not read this thread on regular basis.

here this old post:
https://www.forexfactory.com/showthr...59#post9588859
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,946
  • Jul 22, 2017 6:24am Jul 22, 2017 6:24am
Quoting arasheed
{quote} Thank you very much for this very functional EA which saved me from big draw Down.I made all long Entries from LMT button. 3 longs stopped out and one in profit. We take Long by pressing LMT Button what if we want to take Short entry. Does this EA place orders Automatically also,how? Or only Long entry through LMT button Manually? Kindly explain Thanks.
when you blindly click the LMT button without knowing how this expert advisor EA works, you will lose more than you will win.

remember how Big E traded with entry on APB#1 and APB#2 only. If you spot a good reversal and wait for the APB#1 to close then click the LMT button, the EA will place limit order when the next APB candle opens. Buy Limit or Sell Limit is decided by the APB candles.

before you want to take a TDI trade, you must have checked several chart conditions. Read post#647.

you can also trade the way Enzzo had described in his first post#80,896 here.

His approach also work when you have the discipline to follow his way.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,947
  • Jul 22, 2017 6:29am Jul 22, 2017 6:29am
Quoting emmanuel7788
{quote} Week 28 Jul 10 to 14 trades closed. Closed some trades before the US retail data news released. Worked hard to maintain my win rate to above 60%. Did manage to hit 68% slightly lower than last week' 69%. No need to beat myself on this. {image} For those who are struggling with win rate, do not be too ambitious and aim for 80%. All you should do is aim for 50% to 55% and work hard at maintaining consistency to maintain the 50%~55% win rate for 3 to 5 years. When you can reach and maintain consistency over 3 to 5 years, you can grow your trading...

Week 29 Jul 17 to 21 trades closed (15 trading days)

This week my win rate dropped 1% from last week 68%. But the account grew so far 8.1% and still have not reach my 10% for the 20-trading days cycle. Nest week, I have to work harder and try my best not to screw up and can achieve the 10% by Friday next week.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS MEME trades closed Jul 21.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,948
  • Jul 22, 2017 9:19am Jul 22, 2017 9:19am
Quoting Enzzo
03 a. If the price is not hooked order, and formed a new candle, then limit order jump to new candle and sl/tp updates.
Hi Enzzo,

Question 1
What happens if the limit order is not hit on the first and second candle? Will it then continue to the next candle, and the next, and the next?

Question 2
If trade goes well, can we manually shift the take-profit?

Greetings,
Jansb000
  • #80,949
  • Jul 22, 2017 9:38am Jul 22, 2017 9:38am
Quoting emmanuel7788
{quote} when you blindly click the LMT button without knowing how this expert advisor EA works, you will lose more than you will win. remember how Big E traded with entry on APB#1 and APB#2 only. If you spot a good reversal and wait for the APB#1 to close then click the LMT button, the EA will place limit order when the next APB candle opens. Buy Limit or Sell Limit is decided by the APB candles. before you want to take a TDI trade, you must have checked several chart conditions. Read post#647....
Thanks Emmanuel, for easily explained.

  1. Big E traded with entry on APB#1 and APB#2 only.
  2. If you spot a good reversal and wait for the APB#1 to close then click the LMT button,
  3. the EA will place limit order when the next APB candle opens.
  4. before you want to take a TDI trade, you must have checked several chart conditions. Read post#647.
  5. you can also trade the way Enzzo had described in his first post#80,896 here. His approach also work when you have the discipline to follow his way.


Thanks again for so explaining.

  • #80,950
  • Jul 22, 2017 11:51am Jul 22, 2017 11:51am
Quoting Enzzo
01. If we see a signal and want to trade long then click LMT button on EA. The EA will set limit order on half body of current Heiken Ashi, put the stoploss on low of previous Heiken Ashi and takeprofit equals sl*2. Bid must be higher then center of body of current Heiken Ashi. {image} 02. When the candle is growing then EA tralls limit order to new center of body of current Heiken Ashi. Therefore distance to takeprofit too changes. When the candle is reduced, limit and tp no changes. {image} 03 a. If the price is not hooked order, and formed a...
Than you Enzo for sharing this you are really kind
  • #80,951
  • Jul 22, 2017 2:33pm Jul 22, 2017 2:33pm
Quoting sharkbee
{quote} Than you Enzo for sharing this you are really kind
I was going to ask the same question , but thank you I now have the
answers for SL and TP
  • #80,952
  • Jul 22, 2017 3:28pm Jul 22, 2017 3:28pm
Quoting emmanuel7788
{quote} Week 29 Jul 17 to 21 trades closed (15 trading days) This week my win rate dropped 1% from last week 68%. But the account grew so far 8.1% and still have not reach my 10% for the 20-trading days cycle. Nest week, I have to work harder and try my best not to screw up and can achieve the 10% by Friday next week. {image}
Hi Emmanuel, very impressive results, but what is more impressive for me, is the small drawdown. Can I ask with leverage are you using?
  • #80,953
  • Jul 22, 2017 3:56pm Jul 22, 2017 3:56pm
hey Enzzo ur share iInfo.ex4 indicator working correctly?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Picture2.jpg Size: 121 KB
Click to Enlarge Name: Picture3.jpg Size: 124 KB
  • #80,954
  • Edited 5:08pm Jul 22, 2017 4:47pm | Edited 5:08pm
My trade plan for next week:

For starters, I couldn't trade on Friday, so some of my signals may be later than ideal

AUDJPY: BEOB + failure to close above monthly resistance+ Sell signal on D1 but Weekly uptrend still strong. Will enter sell on 4H if we re-test 88.40-88.60 area
AUDUSD: no opinion, I have no idea of how to read the current trend
EURAUD: BUOB + Buy signal on D1. EUR is strong but 1.4780 is a daily resistance that already held twice.
EURGBP: Bullish but 0.8950-09000 area is a war zone. Weekly resistance(s) on 09000-0.9050 zone
EURJPY: I took a lot of pain last week on this pair, I won't touch it before we clear the 128.50-130.50 zone
EURUSD: Very bullish: close above monthly resistance and above monthly EMA 50. I don't know when to buy but I won't sell short
GBPAUD: Nothing for now but potential buy on Daily if we break 1.6470-80
GBPJPY: the daily sell signal started last Tuesday, the price just rebounded on the Daily 50 EMA (and 140), we are below the last 2 weeks' low. I will probably try to sell on H1 or H4 but it may be risky before 140
GBPUSD: Strong weekly resistance, weekly inside bar. I don't see a trade for the moment
USDJPY: Too late to sell, too early to buy IMO

EUR and JPY seem to be the stronger currencies but I fail to identify the weaker currency to short sell for the moment (maybe USD)

Comments welcome
  • #80,955
  • Jul 22, 2017 5:34pm Jul 22, 2017 5:34pm
Did i take agood desizion to enter on sell?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD..H4.png Size: 49 KB
  • #80,956
  • Jul 22, 2017 5:55pm Jul 22, 2017 5:55pm
Quoting kmic14
Did i take agood desizion to enter on sell? {image}
Not really. I would have waited until a couple candles closed under the PAC. TDI needs to have an angle down. It currently doesn't look bearish at all.
Trade with confidence, trade without fear.
  • #80,957
  • Jul 22, 2017 9:58pm Jul 22, 2017 9:58pm
Quoting Encody123
hey Enzzo ur share iInfo.ex4 indicator working correctly? {image} {image}
Hi Encody! Yes. It calculates sl and tp != 0.0. If tp not equal 0.0, indi calculates profit. If sl not equal 0.0, indi calculates loss and risk
  • #80,958
  • Jul 23, 2017 12:43am Jul 23, 2017 12:43am
Quoting kmic14
Did i take agood desizion to enter on sell? {image}
that is not what I would consider as a high probability trade setup to sell on H4.
1) the multi-timeframe analysis MTFA shows the short term trend D1 and the longer term trend W1 to be bullish.
2) the timing is not ideal to sell as it is Friday NY market session closing and not the best time to be taking a 4H swing trade.
3) the market volatility after London close and leading up to NY close hour is usually very low unless there are major events happening in the world affecting the markets.

but if you are a very short term trader, it is possible to take small trades in M15 and M30 and try catch the small corrections.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 30 Jul24to28 BPP.png Size: 78 KB


Note:Those traders trying to trade corrections using weekly pivots selling at R61, R100,.. or buying at S61, S100, etc... have been caught in DD quite often when the market trend is strong.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,959
  • Jul 23, 2017 12:52am Jul 23, 2017 12:52am
Quoting Enzzo
01. If we see a signal and want to trade long then click LMT button on EA. The EA will set limit order on half body of current Heiken Ashi, put the stoploss on low of previous Heiken Ashi and takeprofit equals sl*2. Bid must be higher then center of body of current Heiken Ashi. {image} 02. When the candle is growing then EA tralls limit order to new center of body of current Heiken Ashi. Therefore distance to takeprofit too changes. When the candle is reduced, limit and tp no changes. {image} 03 a. If the price is not hooked order, and formed a...
This post#80,896 by Enzzo explains his EA for trade and trade management.

Please pay attention to every small detail he explained on his 4 charts, - 01, 02, 03a and 03b. These will answer many questions you have and next thing you should do is run this EA next week in live market conditions and do few demo trades and observe very closely what the EA does.
In order to learn fast, try it on M15 chart timeframe and observe how the EA functions work on the chart with the APB candles.
But do not try trade live with M15, I only suggest you use M15 becasue you can learn in short 2 to 3 hours and see how each new HA candle opens and the EA places the buy or sell limits orders and follow the market price action.

I would trade only H4 and D1 with this nice trading tool.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,960
  • Jul 23, 2017 2:15am Jul 23, 2017 2:15am
Quoting jguellbo
{quote} Hi Emmanuel, very impressive results, but what is more impressive for me, is the small drawdown. Can I ask with leverage are you using?

that account leverage is 1:200.

I also trade with other brokers with different leverage 1:25 , 1:50 and 1:500.

how does leverage affect your trading strategy? I do not think the broker leverage should change the way you trade.

one day, all brokers will offer 1:1, so we better be prepared.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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