I just became a FF member. I have followed this thread for a few days now. I have installed Casino 72 on a demo and live account. Can someone explain what Casino Swing Pin is supposed to do, and how it is used by Casino. Maybe I am asking the same question twice, but I would like clarification. I have Guppy on Pin1 and Swing on Pin2, but have suffered a string of losses in my demo account over the last 24 hours.
{quote} nice setup idea you brought together, I opened additonal demo with same setup and so be able to compare the result around end of NY the very next day...What me excited is the additional 0.2 SL idea , as forex is much more about handling the losses, we will se how this will be reacting troughout the next 3 sessions
You are exactly right, Forex is more about handling losses. You must know the risk before entering trades to avoid surprices and big losses.
When a trade goes against you, you must admit you had make a wrong decission and close the trade and pay the price. That is a hard part, but nessesary.
I am happy you trade my strategy. Testing takes time and the more testing shows the potential of the strategy.
A good robot-trading strategy is a system which can run by itself in all conditions of the marked and make money for weeks and months.
We have to figure that out.
Look foreward for your results.
I started a tradesession monday aug.1 two hour before NY open
Now it has been running for 50 hours and has been up and down and up again, but only scratz the red color a little. Seems OK but must be better.
The ADR yesterday was high and 0.2 of ADR was almost dobbelt up, which causes bigger SL and less trades. A new ADR is calculated every 24 hour when Sidney opens.
POSIBILLITIESNOWHERE - see the light? Light is everything
Can someone explain what Casino Swing Pin is supposed to do, and how it is used by Casino. Maybe I am asking the same question twice, but I would like clarification. I have Guppy on Pin1 and Swing on Pin2, but have suffered a string of losses in my demo account over the last 24 hours.
The SWING_PIN indicator has been evolved by clever thinking. It's purpose is to find the highest highs and the lowest lows.
When a new high or new low occurs, the SWING will do a Channel made of two trigger-lines,..one line at the top and one line
at the bottom of the candle.
The two lines do the following:
If lowest low
The "Trig High" line will execute a BUY order, or EXIT a SELL-trade if there is one (if "UsePINx_Exit" in Casino properties is set to "true").
The "Trig Low" line will cancel the "Trig High" and go for the next lowest low.
If highest high
The "Trig Low" line will execute a SELL, or EXIT a BUY-trade if there is one.
The "Trig High" line will cancel the "Trig Low" and go for the next highest high.
It is possible to ad a buffer to the triggerlines in the settings, causing a wider channel.
Very simple, but genius.
A tip!
You can use the MT4 strategy-tester to see the behavior of the indicator in a quick way.
POSIBILLITIESNOWHERE - see the light? Light is everything
- #575
- Aug 2, 2017 10:32am Aug 2, 2017 10:32am
fractal hight low Touch time take entry. that's realy not good...
eurgbp and usdcad,,,,fractal hight low line h1 candle breckout before entry very good my idea
we cant's it fix
eurgbp and usdcad,,,,fractal hight low line h1 candle breckout before entry very good my idea
we cant's it fix
joing my trading discuss group.i am make u rich
- #579
- Aug 2, 2017 6:14pm Aug 2, 2017 6:14pm
- | Joined Sep 2009 | Status: Trader | 1,621 Posts
{quote} Hi Freedom48 You are exactly right, Forex is more about handling losses. You must know the risk before entering trades to avoid surprices and big losses. When a trade goes against you, you must admit you had make a wrong decission and close the trade and pay the price. That is a hard part, but nessesary. I am happy you trade my strategy. Testing takes time and the more testing shows the potential of the strategy. A good robot-trading strategy is a system which can run by itself in all conditions of the marked and make money for weeks and...
" Accepting losses is the most important single investment devise "
