The Hodgepodge Trading System | Page 28 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 182 replies

HYBRID: trading system within a trading system 31 replies

Day Trading system - Simple system to make money 51 replies

Trapping System: Way to Fully-Automated Trading System 47 replies

Attachments: The Hodgepodge Trading System
Exit Attachments

The Hodgepodge Trading System

  • #541
  • Jul 29, 2017 9:35pm Jul 29, 2017 9:35pm
Quoting busted
I'm thinking about changing MM below 1.as soon open the trade by the EA, set sl to -20pips. 2.see 1hr chart and set tp to last swing bottom or top. kind like trailing stop. I'm so noob at FX.plz some advises about my suggest
I'm pretty new to Forex to but I try to place sl at some support or resistance line. Using a set pip count can Rob you of retracements etc. Just a thought. Have a great week.
  • #542
  • Jul 29, 2017 9:41pm Jul 29, 2017 9:41pm
Quoting MTPockets
{quote} Nice trade !!!!!!!!
So switching to higher time frame on open trade alters the TP scenario.?? Cheers.
  • #543
  • Jul 29, 2017 10:38pm Jul 29, 2017 10:38pm
Quoting MTPockets
{quote} Nice trade !!!!!!!!
So switching to higher time frame on open trade alters the TP scenario.?? Cheers.
  • #544
  • Jul 29, 2017 10:52pm Jul 29, 2017 10:52pm
Quoting jguellbo
Yes, you are right, the EA doesn't send target profit orders for buy orders. I suppose there is something wrong in the code. There is another thing is worth to say. I've been running test with two different brokers, and I've seen they doesn't count pips the same way. I said this because of the settings attached in my previous post. If results of the tests using those settings are bad, try to change the amount of pips, adding or substracting whith a 0 ( if stop 90, add a 0-> 900)
I've been getting my head around that for the last month since I started looking at Forex. Also some EA will only go to 4 decimal places whereas your broker might go to 5. I mainly use MT4 which uses all decimal points availability for a particular pair . You have to be careful. Terrible to wake up in the morning to find you placed a trade with a 2000 SL.
  • #545
  • Jul 29, 2017 11:14pm Jul 29, 2017 11:14pm
Quoting Inescapable
{quote} Hi Krismitt. With reference to your above statement do you know by any chance which particular currency pairs would be best? Thanks in advance. Cheers.
Hi Inescapable,

I would prefer that you do some testing and post your results so we can discuss currency pairs and settings. Notice that I have been saying this since Post #1

Start with the Majors.

Cheers.
  • #546
  • Jul 29, 2017 11:36pm Jul 29, 2017 11:36pm
Quoting paulkeys
{quote} Hey krismitt, thanks for the care. Been busy with other stuff, so not had much time on HP. All new stuff to me so still trying to get my head around it.. what is this sma table I have seen on a couple of screen shots.? In the top left corner.,? Hope you are well. Are you a full time trader.? Have a great week.cheers.
Hi Paul

I hope you are planning to take some time to learn the basics of Forex Trading before committing any of your hard-earned funds to live trading.

Many of us in here are willing to facilitate this process so please feel to ask. We know a lot about Forex Trading, and have been trading for a long time (some of us) yet we still loose money and sometimes blow our accounts.

I guess what I am saying is, take the time to learn, before putting any money on the table!.

Ps: If you wish you can PM me. I will give you my skype address and commit some time to you, at your convenience, to respond to your specific questions about this system.

Cheers.
  • #547
  • Jul 29, 2017 11:49pm Jul 29, 2017 11:49pm
Quoting krismitt
{quote} Hi Inescapable, I would prefer that you do some testing and post your results so we can discuss currency pairs and settings. Notice that I have been saying this since Post #1 Start with the Majors. Cheers.
Will do Thankyou.
  • #548
  • Jul 30, 2017 12:00am Jul 30, 2017 12:00am
Quoting paulkeys
{quote} So switching to higher time frame on open trade alters the TP scenario.?? Cheers.
It could close your trade, since the entry conditions might not be met on the higher timeframe. If the switch is made too early, the EA most likely will encounter an exit condition and close.

So before switching, you should examine the trade on a separate chart of the same pair (at the higher time-frame) but with the EA removed.

Cheers.
  • #549
  • Jul 30, 2017 12:14am Jul 30, 2017 12:14am
MTP, mate, just worked out you posted a new HP ea in post 137. Couple of Q. What are the bars on the end of chart pattern with RDL,RWL etc mean.?
Love the access panel with the world times on and the sma box,, good job mate.. So I leave this switched on, make sure my computer doesn't go to sleep and walk away. Is that the plan???? Cheers Mate, have a great week.
  • #550
  • Jul 30, 2017 12:18am Jul 30, 2017 12:18am
Sorry MTP, another one. Notice on the H1 comes up with Lo Ny and Lc in yellow across the top of chart, What do these mean.? Cheers MTP.
  • #551
  • Jul 30, 2017 2:12am Jul 30, 2017 2:12am
Quoting paulkeys
{quote} EA trades are auto, is that correct? For that to happen I have to have HP running? Have to make sure computer doesn't go into sleep mode.? Can I adjust SL and TP?. Thanks. Have a great week. PS. If you wish the weekend was over so you can go trading, DO YOU HAVE A PROBLEM. Just askin?
Hi,
Expert Advisors come in several types, but the HP is indeed detecting, opening and closing trades for you. For an Expert Advisor to work the computer must be always on. Some brokers offer a VPS for this purpose. If you use your own computer or laptop then it is important that you make sure it doesn't go to sleep. Personally I use an old computer for running EA and keep that always on (it's actually in my cellar). Maintanance, checks and reading the forum (and programming) I do from another computer.
  • #552
  • Edited 8:02pm Jul 30, 2017 1:25pm | Edited 8:02pm
Quoting paulkeys
MTP, mate, just worked out you posted a new HP ea in post 137. Couple of Q. What are the bars on the end of chart pattern with RDL,RWL etc mean.? Love the access panel with the world times on and the sma box,, good job mate.. So I leave this switched on, make sure my computer doesn't go to sleep and walk away. Is that the plan???? Cheers Mate, have a great week.
paulkeys
Right side of chart lines is Daily High & Daily Low also Weekly High & Weekly Low.

Across the top
LO = London Open
NYO = New York Open
AO = Asia Open

Moving to Higher TF ...
Depending on the Daily Range of the particular pair you are working with (all Forex pairs are not the same) when you reach 50 - 100 in profit turn off Auto Trading and put the "Daily" Template on your pair that you are working with ( you should have them already preset so you aren't wasting time guessing as to what you want the settings to be)
Attached Image


GBP Trading ..

These I am looking into grouping all together and trading the Pound in an "Offline Chart" ( Money Management easier). An example is here (but using Aussie in the picture, ALL Aussie crosses on one chart)
https://www.forexfactory.com/attachm...4&d=1497264941
At the moment I only trade 1 GBP/XXX at a time. When I get a signal on any Pound cross I disable the rest.

In order for EA to work computer that your MT4 is on MUST be on 24/5....

SL & TP is taken care of by the HA price action .. If you zoom out as far as you can, on any chart you have, you will notice the greedy Brokers and Market Makers have some out of this world, unbelievably impossible spikes (known as Stop Hunting) ... and no matter what SL you have, 100 - 5000 points you will suffer a loss.. of course if you profit.. your broker will not allow the spike to profit you and they will make some excuse to take that profit away... unfortunately, it doesn't work the other way around if you lost.

I hope I've answered all the questions so far
  • #553
  • Jul 30, 2017 2:36pm Jul 30, 2017 2:36pm
Quoting krismitt
{quote} Here is an Article on this pair. http://dailypriceaction.com/daily-se...p-rally-intact Let's see Cheers.
AUDJPY:

Support potentially broken on Weekly Timeframe Jansb000. Time to cut losses!.
Attached Image (click to enlarge)
Click to Enlarge Name: Broken.png Size: 92 KB

Cheers.
  • #554
  • Jul 30, 2017 5:05pm Jul 30, 2017 5:05pm
MTP, Thanks for that info mate, makes it a lot clearer. Did a couple of back tests yesterday and should have screenshot but didn't. Even though I had set HP properties to only trade 0.01 lots and not to add to trade it still did. Will do again and take screenshots this time. Thanks again MTP.
  • #555
  • Jul 30, 2017 5:33pm Jul 30, 2017 5:33pm
Quoting paulkeys
MTP, Thanks for that info mate, makes it a lot clearer. Did a couple of back tests yesterday and should have screenshot but didn't. Even though I had set HP properties to only trade 0.01 lots and not to add to trade it still did. Will do again and take screenshots this time. Thanks again MTP.
Sometimes when changing TF's if Auto Trade is left on or you are in a trade condition on the Higher TF, it' will trigger a new trade
  • #556
  • Jul 31, 2017 8:06am Jul 31, 2017 8:06am
Hi everyone,

I am testing this nice EA in Demo platform. Thanks to Krismitt!

I have a question; if I manually close a trade will the Martingale lot progression be affected? The next trade on that pair will start from the initial lot size?

Thanks!
  • #557
  • Jul 31, 2017 1:10pm Jul 31, 2017 1:10pm
This is why patience is necessary in trading ..
This morning the trades that opened since London open was down 300+ pips, but I trust in the Hodgepodge EA... it's based on tried and tweaked trading method of Big E .. it will do the job if left alone. (all my trades are on LIVE account)
Attached Image


Green pips to all !!
  • #558
  • Edited Aug 1, 2017 1:19am Jul 31, 2017 5:53pm | Edited Aug 1, 2017 1:19am
USDCAD COUNTER-TREND?.

Price action now at major support.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.png Size: 20 KB

Looking for a D1 Entry; will take the Trade on a 5x8 EMA Cross on the D1

Trade well.

UPDATE.

Trading the Re-Entry Signal since all three Moving Average Crosses are now pointing "Short"
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_SHORT.png Size: 17 KB

Cheers.
  • #559
  • Jul 31, 2017 7:17pm Jul 31, 2017 7:17pm
I was going through and removing clutter from my MT4 and I found this cool Daily P/L Tracker.
Todays P/L so far.. Hodgepodge trading on LIVE account
Attached Image
  • #560
  • Jul 31, 2017 7:32pm Jul 31, 2017 7:32pm
USDJPY D1

Re-Entry

Locking-in some profits on this one.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.png Size: 20 KB

Trade Well!.
0 traders viewing now