There you go boss,
Building a Freedom All Time Return:
5,178.8%
Just for hype purposes:
In first indi windows, 5,3,3 D1 Stoch with 5,3,3 H4 stoch
You can ignore other indicators, it's just that I'm fanboy of BK Woodie indie and I put it everywhere.
In first indi windows, 5,3,3 D1 Stoch with 5,3,3 H4 stoch
You can ignore other indicators, it's just that I'm fanboy of BK Woodie indie and I put it everywhere.
Building a Freedom All Time Return:
5,178.8%
{quote} Yep, MeMe tradesEA working as expected, you should read the posts!
MeMe stands for Multiple Entries Multiple Exits... When you enter a position and PA goes against you, it will prepare a MeMe trade at ADR/2 pips, then recalculate your exit to exit at Break even + small profit. This is a good tool to recovery from a bad trade but has a lot of risk as I think it should be improved in a way it takes the MeMe trade with a little bit more of common sense than blindly at ADR/2. However the EA is working...
Thank you very much.
Hello Jans, Last 2-3 days, the price was moving up for USDCHF. But, as per 3-rectangle-indicator showing all red, a manual 'sell trade' was done by me. With few hours of gap between each trades, another three 'sell trades' were done by the system; but the price was moving up. Result is, this pair has big draw-down. Entry strategy was: Enter on breaking the MA5. Same/similar thing happened for USDJPY and EURUSD. Appreciate your comments on the above. Hope I am not pressurizing you. Thanks and regards, Mohanan Mavilakandy
When I enter manually I also check if there are support/resistance lines nearby:
- I have horizontal lines that I manually added.
- The big round numbers are often treated as S/R
- The low-high of the previous week are often treated as S/R
- The 200EMA is often treated as S/R
Always trade away from those S/R lines.
On top of that you might check for certain candle setups (price-action) near those SR-lines. That should give you the final confirmation.
And finally, check the planned news events on Forex Factory. (Then pray that Trump does not send tweets ).
So that's a lot of checking - that explains why I like to automate these checks in an EA. Of course you can all do it manually. That is why I test new ideas manually for a couple of weeks before even trying to build it into an EA.
If all these checks are in your favour you should have a good chance of a profitable trade.
Cheers...
- #469
- Jun 29, 2018 6:55am Jun 29, 2018 6:55am
- Joined Nov 2008 | Status: Trader | 50,193 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
There you go boss, {image} {file}
turns out we don't need the new (custom) indicator. We can simply use the std stochastic(25,15,15)
From top to bottom:
- GBPAUD H4
- TDI(10,34,3,7)
- Stochastic_mtf D1(5,3,3) (H4 invisible)
- Stochastic H4(25,15,15)
- Stochastic H4+D1(5,3,3)(25,15,15)
In this picture you can see that using the D1 stochastic would prevent many false signals but also some good signals. I will make the usage of this extra Stochastic optional and then we can see if it improves our results.
Cheers...
- #477
- Jul 3, 2018 4:36am Jul 3, 2018 4:36am
- Joined Nov 2008 | Status: Trader | 50,193 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
