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Ben10 Trade The Trend

  • #61
  • Nov 20, 2017 5:52am Nov 20, 2017 5:52am
Quoting BSFilter
Sorry, you're using a broker that uses Bitcoin as the base currency? Seriously????
That means if you open an account there, it's already an investment in Bitcoin + you can make profits trading forex/crypto's on top of that. Pretty nice in my opinion, if you love the dollar, you don't know what's coming in the next years
  • #62
  • Nov 20, 2017 8:00am Nov 20, 2017 8:00am
Quoting Kabagjaan
I look at your 3 EURNZD trade at same open time and close different time and another pair too. What your strategy ?
no strategy - that's how i exit trade. i have multiple targets and close a portion of the trade when a target is hit.
  • #63
  • Edited 11:11am Nov 20, 2017 10:56am | Edited 11:11am
Here is the trade manager I use. I had been using it for years as Luktom Visual Order Editor. Eventually it stopped working and Luktom's website stopped working. Recently I found it again and it appears that it is the same order manager but now branded as FxCraft Visual Order Editor.

I use it because I can set targets and move my stop to breakeven after x number of pips. There is also a cancel order feature that I use to cancel any pending order when price goes x number of pips in the opposite direction.

Good luck!

Visual Order Editor EA (put in experts folder)
Attached File(s)
File Type: zip FxCraft_Visual_Order_Editor-1.6.3(1).zip   3 KB | 801 downloads


Guide with examples
Attached File(s)
File Type: pdf FVOE_en(1).pdf   349 KB | 904 downloads


VERY IMPORTANT!!!
I am not sure if everyone will experience this but I need to add a factor of 10 to every setting level. For example if I want the stop to be 21 pips, I must enter 210 in the settings. If you would like a take profit of 89 pips then you should enter 890.
  • #64
  • Nov 20, 2017 6:14pm Nov 20, 2017 6:14pm
HI Ben. I would have a question: I'm not sure how the Trade Explorer works, but if I click on your trades graphs to show entries and exits I see different time frames for different trades. Does it actually show the TF on which each trade has been taken? If that's the case it means that you actually enter on different TFs (although the charts you posted are all H1!!!). Assuming all this reasoning is correct, what's the criteria you actually use to select your entry TF? If I'm wrong, just discard my question (in that case I would still love to know why that difference on the TE...)
  • #65
  • Nov 20, 2017 6:31pm Nov 20, 2017 6:31pm
Quoting 4fxonly
HI Ben. I would have a question: I'm not sure how the Trade Explorer works, but if I click on your trades graphs to show entries and exits I see different time frames for different trades. Does it actually show the TF on which each trade has been taken? If that's the case it means that you actually enter on different TFs (although the charts you posted are all H1!!!). Assuming all this reasoning is correct, what's the criteria you actually use to select your entry TF? If I'm wrong, just discard my question (in that case I would still love to know...
I have no idea how the explorer works either and I'm thinking it may be more trouble than its worth.

I only trade the 1 hr. I make all my decisions and entries from the 1 hr. I have no clue why the explorer would show you another time frame... not even sure it matters???

If I see price consolidating or rejected by what appears to be an invisible line - I will open a daily to see if there is any established support or resistance, but that's a 20 second look and back to the hourly.

Sorry for any confusion.
  • #66
  • Nov 20, 2017 6:35pm Nov 20, 2017 6:35pm
Trade Explorer shows whatever timeframe fits the length of the trade. (How long the trade was open)

Cheers - Nice Thread
  • #67
  • Nov 21, 2017 3:26am Nov 21, 2017 3:26am
@ enochben and Price
Thanks for pointing out and clarifying, guys. It was getting a bit confusing LOL
  • #68
  • Nov 21, 2017 10:27pm Nov 21, 2017 10:27pm
Lost big today. Looked like a good entry and there was a lot of room for price to move so I doubled my size.

Attached Image (click to enlarge)
Click to Enlarge Name: loser.PNG Size: 91 KB


Like a lion after a botched hunt. Lick my wounds, get some rest, and stalk my next prey.
  • #69
  • Nov 22, 2017 2:29am Nov 22, 2017 2:29am
Quoting enochben
Lost big today. Looked like a good entry and there was a lot of room for price to move so I doubled my size. {image} Like a lion after a botched hunt. Lick my wounds, get some rest, and stalk my next prey.
Been there done that, even more than once and with more winning % than yours in my bank... It's like the more gain the more blind we get. I was taught by a good trader once (Joe Ross) that we are not the sharks but the little remoras that are attached to their back and feed with the little crumbs that come off the big bites from the sharks' preys. Many little crumbs make a good feed. I never found a more suitable comparison for trading! The fact is that in more than occasion my greed has lead me to forget, and I only remembered when the wound was open.
After all you're only back to square one and can start from scratch. With more experience this time... hopefully! I wish you the best, my friend.

P.S. - I know it sounds cheesy now but I would recommend (if you haven't already or even if you have) to read The disciplined trader and Trading in the zone by Mark Douglas. A must to try and master our worst enemy: ourselves!
  • #70
  • Nov 22, 2017 7:20am Nov 22, 2017 7:20am
Quoting 4fxonly
{quote} Been there done that, even more than once and with more winning % than yours in my bank... It's like the more gain the more blind we get. I was taught by a good trader once (Joe Ross) that we are not the sharks but the little remoras that are attached to their back and feed with the little crumbs that come off the big bites from the sharks' preys. Many little crumbs make a good feed. I never found a more suitable comparison for trading! The fact is that in more than occasion my greed has lead me to forget, and I only remembered when the...
Great all around good advice. You are 100% correct in the more I win, the greedier I get. The market always remains a strict teacher and never spares the rod!

I have read both books you suggest and would also suggest everyone read them.

Cheers!
  • #71
  • Sep 18, 2019 10:04am Sep 18, 2019 10:04am
Quoting enochben
{quote} As I read your bold requote I realize I failed to add on to my position (AUDJPY) when a fresh lower low was breached at 85.60! FOCUS!
Where do you set your SLs when you add to position? Is it the same as on the initial trade? Or this is a totally separate trade with its own RR?
  • #72
  • Sep 18, 2019 11:59am Sep 18, 2019 11:59am
Quoting enochben
Here is the trade manager I use. I had been using it for years as Luktom Visual Order Editor. Eventually it stopped working and Luktom's website stopped working. Recently I found it again and it appears that it is the same order manager but now branded as FxCraft Visual Order Editor. I use it because I can set targets and move my stop to breakeven after x number of pips. There is also a cancel order feature that I use to cancel any pending order when price goes x number of pips in the opposite direction. Good luck! Visual Order Editor EA (put in...
Hi Ben10, the Fxcraft freezes my MT4 how can I resolve that? thanks
  • #73
  • Last Post: Sep 18, 2019 12:09pm Sep 18, 2019 12:09pm
Quoting alphabear
{quote} Hi Ben10, the Fxcraft freezes my MT4 how can I resolve that? thanks
Oops! I just realized this is a dead thread, I'm getting out of here. Please guys I need a trade manager if you have any one please hook me up. Thanks
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