DislikedHi all, Just uploaded LRSF Monitor wip v1.04. See post #1 for download. Changes: - It now uses the corrected trend calculation, same as LRSF EA. - Highlights forex-pairs that look promising based on trend on 3 timeframes. {image} Cheers...Ignored
- #563
- Jul 26, 2018 12:10pm Jul 26, 2018 12:10pm
Hi jansb000, Hi all,
A few weeks that i'm trying your EA, then i decide to register in FF.
First of all, i have to thank you for your hard work on this EA. I'm not yet confident with all of this EA parameters, but i will ask for your advise and test them slowly but surely cause i really want to contribute to your work.
Meanwhile, 2 days i'm testing this EA with 30 pairs on 2 different demo accounts, so here is the results.
EA is BiM_LRSF_19wip3 with MA5 crossing and defaults parameters for now
On going trades :
A few weeks that i'm trying your EA, then i decide to register in FF.
First of all, i have to thank you for your hard work on this EA. I'm not yet confident with all of this EA parameters, but i will ask for your advise and test them slowly but surely cause i really want to contribute to your work.
Meanwhile, 2 days i'm testing this EA with 30 pairs on 2 different demo accounts, so here is the results.
EA is BiM_LRSF_19wip3 with MA5 crossing and defaults parameters for now
On going trades :
Hi jansb000, Hi all, A few weeks that i'm trying your EA, then i decide to register in FF. First of all, i have to thank you for your hard work on this EA. I'm not yet confident with all of this EA parameters, but i will ask for your advise and test them slowly but surely cause i really want to contribute to your work. Meanwhile, 2 days i'm testing this EA with 30 pairs on 2 different demo accounts, so here is the results. EA is BiM_LRSF_19wip3 with MA5 crossing and defaults parameters for now {image} {image} On going trades : {image}
Thank you for posting. Are you new to trading forex?
Did you see what was wrong with the big trade that consisted out of 6 orders?
The start-prices and start-times of the meme-orders are very close to each other. Worked out well in this case but not entirely what I expected.
For now lets name this an undocumented feature
Cheers...
Jansb,
Yes i'm new to forex trading
Regarding those 6 EURAUD trades, i cannot explain them. And i don't understand either that i'm not able to see all of them on my chart :
Maybe you have an idea ?
I was guessing MT4 removed all the trades including the 1st one on the Chart and did only put an average one once they were closed, but in fact the blue arrow on the Chart does not match with the 1,57434 TP price in the summary...
Anyway, seems like your MEME coding is working very well for now...just a little bit scary at some times
Yes i'm new to forex trading
Regarding those 6 EURAUD trades, i cannot explain them. And i don't understand either that i'm not able to see all of them on my chart :
Maybe you have an idea ?
I was guessing MT4 removed all the trades including the 1st one on the Chart and did only put an average one once they were closed, but in fact the blue arrow on the Chart does not match with the 1,57434 TP price in the summary...
Anyway, seems like your MEME coding is working very well for now...just a little bit scary at some times
- #573
- Jul 27, 2018 5:10am Jul 27, 2018 5:10am
{quote} Hi Wallet28, Thank you for posting. Are you new to trading forex? Did you see what was wrong with the big trade that consisted out of 6 orders? {image} The start-prices and start-times of the meme-orders are very close to each other. Worked out well in this case but not entirely what I expected. For now lets name this an undocumented feature
- #575
- Jul 27, 2018 9:59am Jul 27, 2018 9:59am
{quote} Hi Wallet28, Thank you for posting. Are you new to trading forex? Did you see what was wrong with the big trade that consisted out of 6 orders? {image} The start-prices and start-times of the meme-orders are very close to each other. Worked out well in this case but not entirely what I expected. For now lets name this an undocumented feature
- #578
- Edited 12:03pm Jul 28, 2018 5:55am | Edited 12:03pm
{quote} Annother trade against the Higher Timeframe, all star were blue {image}
The charts for H1, H4 and D1 are all ranging at the moment, and they move close to the 5EMA due to lack of volatility. That means that they can easily cross the EMA and temporarily indicate a different direction on all three charts. It must be the summer blues with lots of big traders taking holiday to explain the lack of a decent price move.
The advantage of these ranging periods is that the price eventually always comes back, and your trade will eventually come out (maybe with a couple of MEME's).
When I look at the GBPNZD I think you are "in the money" at this moment.
So, in this case the EA worked as designed!
Cheers...
- #579
- Jul 28, 2018 6:43am Jul 28, 2018 6:43am
- Joined Nov 2008 | Status: Trader | 50,193 Posts
{quote} Hi nschwegl, The charts for H1, H4 and D1 are all ranging at the moment, and they move close to the 5EMA due to lack ao volatility. That means that they can easily cross the EMA and temporarily indicate a different direction on all three charts. It must be the summer blues with lots of big traders taking holiday to explain the lack of a decent price move. The advantage of these ranging periods is that the price eventually always comes back, and your trade will eventually come out (maybe with a couple of MEME's). When I look at the GBPNZD...
Yes. That's what trading TMS with MEME is about and your EA is designed for that... i.e. to make our trading life easy.
Do your top down anaylsis and decide what the Market Type is and it would be easier to decide if you want to be buyer or seller with MEME.
Look at my multi-charts above:
MN is obvious, sideways...trapped between its 10EMA below and the 5EMA above the porice action.
What is that range? I think it is perfect for MEME with 0.25ADR D1 chart
Look at the 800EMA on the D1 above, that is the swing level , which some call that the 'pivot' swing.
So the golden question is when do we cut our losses when we are wrong about selling? Simple, look at the weekly levels... 1.96 and 1.89, above the previous 2 weeks high for sellers and the previous 2 weeks low for buyers.
I closed this month Jul 01 to 27 (20 trading days) with 1407 pips for this GBPNZD pair.
So Folks,
Good Trading folks next week and new August month.
Do your weekend top down analysis and know what the Market Type conditions are and make you buy /sell decision easier.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #580
- Jul 28, 2018 12:02pm Jul 28, 2018 12:02pm
{quote} Here another one against the higher timeframe, I think you must fix the Bugs, before we check this next week, all Profit of this week is gone {image}
For a lot of bugs I must first be able to recreate it on my own systems and then find out what exactly is causing the problem by means of going through the program step by step (the process of debugging). Anyway, I am doing my best
.Anyway, for this GBPAUD trade I think the same is happening as with GBPNZD (see post #578).
Cheers...