Sure, londonboy. We have always said NY session it the trickiest of all. So we trade it only sometimes. I didn´t like it when I saw there was no Price action at all. I supposed something was being prepared, and there it went. Hope no one in real has traded it, buy anyway we try to advise about NY session very frequently.
Sure, londonboy. We have always said NY session it the trickiest of all. So we trade it only sometimes. I didn´t like it when I saw there was no Price action at all. I supposed something was being prepared, and there it went. Hope no one in real has traded it, buy anyway we try to advise about NY session very frequently.{quote}
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Yeah I think the NY session is the worst one to trade. There never seem to be enough price action. I am not a huge fan of the Asian session either, spreads are really wide and low volumes.
I have uploaded a trade explorer of a demo of your software (started just before the US session today)
As you can see a 10% loss - whoops lol.
That will take a few days to claw back to break even.
I am curious about your EA though, so will be interesting to see what results I get.
Oh man, what a bad beginning. Anyway maybe in a week you will be break even. Anyway NY uses to have some Price action, but you are right when you say it may be the worst. Hope you will get good results. Anyway you can disable NY session and only trade Tokyo and London. About spreads, the EA doesn´t start just at the rollover time, it waits a couple of hours and, though liquidity is lower and spreas are wider than in London or NY, at that moment spreads are only a Little bit wider.
{quote} Yeah I think the NY session is the worst one to trade. There never seem to be enough price action. I am not a huge fan of the Asian session either, spreads are really wide and low volumes. I have uploaded a trade explorer of a demo of your software (started just before the US session today) As you can see a 10% loss - whoops lol. That will take a few days to claw back to break even. I am curious about your EA though, so will be interesting to see what results I get.
Oh man, what a bad beginning. Anyway maybe in a week you will be break even. Anyway NY uses to have some Price action, but you are right when you say it may be the worst. Hope you will get good results. Anyway you can disable NY session and only trade Tokyo and London. About spreads, the EA doesn´t start just at the rollover time, it waits a couple of hours and, though liquidity is lower and spreas are wider than in London or NY, at that moment spreads are only a Little bit wider.{quote}
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Yes just my luck, I start a test of it and BOOM lose 10% lol
Question: what determines your progressive grid to open new trades or not?: 1) eg: right now your demo account shows 2 EJ trades, 10 pips apart; but my XM account shows 3 EJ trades 10 pips apart...all with identical prices. 2) It appears price can go well over several pips but grid doesn't open new trade. Is that normal? 3) If prices goes the wrong way, margin is halved, does your EA know if open new pairs or not?.
yeah, londonboy, I lost 15% on XM, and Tickmill account too!. Also noted that XM runs out of margin faster though..
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I think you cant be too ambitious in terms of % return because of the possibility of big drawdowns.
I have stuck to 1% Profit for each session, and max 10% loss.
To be honest even this is scary. In my usual trading I wouldn't have such bad ratios. But for a demo its worth trying out.
Interesting to hear your feedback on testing this on XM I use them as my main REAL account broker and have done for a few years.
Hi cstd8888, first of all welcome to ForexFactory and welcome to this thread. Answering your questions the way to open more trades it is inside the EA, is part of its inside building, so it will not be possible to tell you. If you watch it closely in your demo account you will start to discover, more or less, when and where the EA opens new trades. About different brokers it may vary a Little bit. We chose Tick Mill Demo because we know it doesn´t work very well, so if ours Works, real accounts should do it even better. About margin requirements, we have 1:500 leverage, BUT I can assure that with 1:200 leverage Works without running out of margin. One of our accounts Works with this 1:200 leverage. About your looses from yesterday´s NY session we have always said that it is the trickiest one. Please, read some previos post where I have advised many times about NY Session. As you has just arrived to FF and to the thread you maybe haven´t got time to do it, I don´t know. Hope these answers are worth for you.
Question: what determines your progressive grid to open new trades or not?: 1) eg: right now your demo account shows 2 EJ trades, 10 pips apart; but my XM account shows 3 EJ trades 10 pips apart...all with identical prices. 2) It appears price can go well over several pips but grid doesn't open new trade. Is that normal? 3) If prices goes the wrong way, margin is halved, does your EA know if open new pairs or not?.
Hi guys, hope all of you closed in profits. Some one could tell please? Tokyo session went through London where all trades were closed by trailing at 1.3% profits. Done for the day and for the week. TODAY IS FRIDAY. A lot of news related to the loonie this afternoon in NY session. BE AWARE PLEASE all in real or demo. Have a nice weekend all. We´ll keep on trading sunday night with Tokyo session. By the way my mate Daniel is cooking something new. For really small 50$ accounts, 1 or 2 pairs traded máximum and great profits. When done, we will pass you a demo version to test for all of you.
Hi guys, hope all of you closed in profits. Some one could tell please? Tokyo session went through London where all trades were closed by trailing at 1.3% profits. Done for the day and for the week. TODAY IS FRIDAY. A lot of news related to the loonie this afternoon in NY session. BE AWARE PLEASE all in real or demo. Have a nice weekend all. We´ll keep on trading sunday night with Tokyo session. By the way my mate Daniel is cooking something new. For really small 50$ accounts, 1 or 2 pairs traded máximum and great profits. When done, we will pass...
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Yeah I hit 1.3% trialing profit from the Asian session.
Great londonboy. Nice to hear that. Hope you will recover to BE really soon. Be always careful with NY sessions, and remember, we all have the "Close session" button if profits are enough for us or we don´t like how the Price action is going, and also the "Skip Session" button, to skip the next session we would have set to true. Have a nice weekend.
Hi cstd8888, first of all welcome to ForexFactory and welcome to this thread. Answering your questions the way to open more trades it is inside the EA, is part of its inside building, so it will not be possible to tell you. If you watch it closely in your demo account you will start to discover, more or less, when and where the EA opens new trades. About different brokers it may vary a Little bit. We chose Tick Mill Demo because we know it doesn´t work very well, so if ours Works, real accounts should do it even better. About margin requirements,...
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Hi, thank you for your advice. New questions: a) what if open trades are "carried over" from London to New York session, how to handle them, or does EA automatically close all at reasonable loss?. b) It seems your advice is NOT to trade NY session. If so shouldn't it be removed off the EA?. c) with same leverage 1:500 I noticed XM margin runs lower faster than Tickmill. Is that normal?. d) You encourage "Close Session" when things don't look right. Any advice for non-manual traders, or is it a matter of trader's preference?
Hi cstd8888, London session doesn´t use to go so far, but in that case, and if there are high impact news on the desk for NY it would be up to each one what to do. But, habitually London has enough price action to move prices to get our 1.1% minimum profit. About NY session it is tricky, this is forex, sometimes you get good profits in 20 minutes (some 2-3 days ago it happened. Someone post it in the thread) but sometimes it may be risky. The option exists because risk appetatite may vary from one trader to another different trader. You could risk more than me, or viceversa. About margins, that depends on the broker, it should be the same, I can´t really answer you nothing really clear about this. Are both accounts with the same leverage? If it is that way, they should be the same.
About the "Close Session" button is a matter of both. Sometimes I see profit rise to 0.9%-1% and maybe I don´t want to wait, so I press the button if I consider that profit is enough for me. On the other hand, if one session lasts too much time and my DD goes to 7%-8%-10%, if prices come back to BE or very near BE, take for sure I will close. I love my account and my money there.
I have a question when you do a manuelsession how can you adjusted your profit?
Is this only posible in the 3 sessions?
I see that the nzdusd had the worst performce i think when you remove that pair you are faster in profit
I have a question when you do a manuelsession how can you adjusted your profit? Is this only posible in the 3 sessions? I see that the nzdusd had the worst performce i think when you remove that pair you are faster in profit
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Do you have test it nzdusd over the full period?
Thx
I have a question when you do a manuelsession how can you adjusted your profit? Is this only posible in the 3 sessions? I see that the nzdusd had the worst performce i think when you remove that pair you are faster in profit
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When you do a manual session the EA takes all the values from Asia Session. We have observed the same thing about NZDUSD. Maybe someone could try a demo with only 7 pairs. We´ll maybe do it. If anyone is going to do it, please share results. It would make it work even better, maybe.
