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Exotics (USD/TRY, USD/ZAR, USD/MXN, and others)

  • #1,021
  • Oct 15, 2018 10:46pm Oct 15, 2018 10:46pm
Quoting vianiah
{quote} Haha I see your not fan of EA's

mate i have tons of them tested so many , i have not find one that gives a 80% success rate or even 60% , i am a friend of ea,s that has a very high %rate i am not the friend of my broker not interested in giving him my money if you know one that gives 80% win rate i would be glad to know , just to let you know i do have a 96% success rate in my trading why would i get a ea that only does 80% but to ea traders and they use them to make money from your broker well done
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  • #1,022
  • Oct 15, 2018 11:10pm Oct 15, 2018 11:10pm
Dear Aussi and vianiah,

In my view, success rate is only part the picture. You need to also add in the average win and loss to that. As a human trader you can call upon your experience, but an EA can not do that. So, it is vital one knows the % chance the EA will get a profitable trade and how much it is and also for the % chance when it fails and makes a loss, that loss amount must be known. Basically, (Success rate) x (Risk/Reward)....

The greater the hit rate, 80-90% for example, the smaller TP targets are taken (~5-10 pips) and in contrast the stops are huge (50-80 for example).

If you can trade at 96% accuracy with good risk reward, there is no way that an EA will ever match it from my current experience/ understanding.

Kind Regards,
Tzamo
"Work hard, put in the effort, and follow your dreams..." -Me
  • #1,023
  • Oct 15, 2018 11:40pm Oct 15, 2018 11:40pm
Quoting tzamo
Dear Aussi and vianiah, In my view, success rate is only part the picture. You need to also add in the average win and loss to that. As a human trader you can call upon your experience, but an EA can not do that. So, it is vital one knows the % chance the EA will get a profitable trade and how much it is and also for the % chance when it fails and makes a loss, that loss amount must be known. Basically, (Success rate) x (Risk/Reward).... The greater the hit rate, 80-90% for example, the smaller TP targets are taken (~5-10 pips) and in contrast the...

used to have trade explorer on here showing people the full picture of my trading but took it down when i got 300plus pms every day if you look at the charts i post you can see the lot most trades are 2 full $1.00 lots other trades are 5 lots and 10 full lots my average win is $511.07 my average loss is $31.41

ea,s for some people are good and if they lose under normal conditions ,win 4 lose 6 and if the ea helps them get 2 more extra trade wins i can see the benefit
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  • #1,024
  • Oct 15, 2018 11:52pm Oct 15, 2018 11:52pm
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  • #1,025
  • Oct 16, 2018 12:06am Oct 16, 2018 12:06am
I am quickly posting a follow up to USDSGD.

I have already exited at a fraction of profit but forgot to post.

NB: Ideally, one should have entered at the vertical line (where price was bouncing off the major HTF Trend Line).

But this is trading. If one enters late should be watching his trade as a hook which I did.
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  • #1,026
  • Oct 16, 2018 12:29am Oct 16, 2018 12:29am
Quoting mtharwat
I am quickly posting a follow up to USDSGD. I have already exited at a fraction of profit but forgot to post. NB: Ideally, one should have entered at the vertical line (where price was bouncing off the major HTF Trend Line). But this is trading. If one enters late should be watching his trade as a hook which I did. {image}
well done mate
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  • #1,027
  • Oct 16, 2018 12:48am Oct 16, 2018 12:48am
Quoting Aussi
{image} trade set up
Did exactly the same (but open taking profit)
But when to BUY? that would be interesting and fast
I am waiting for test/breaking 5.68 - 5.66 handle
We can't control the sea, but we can learn how to surf the waves.
  • #1,028
  • Oct 16, 2018 1:37am Oct 16, 2018 1:37am
Quoting aariapoor
{quote} Did exactly the same (but open taking profit) But when to BUY? that would be interesting and fast I am waiting for test/breaking 5.68 - 5.66 handle
well done on trade i am not a fan of buys on try because of swap but i do want it to move back up
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  • #1,029
  • Oct 16, 2018 4:28am Oct 16, 2018 4:28am
Quoting Aussi
making money off a mistake not to bad
Glorious! Hello partner. Hello to everyone else, too. Miss trading. Not able to focus on exotics stll.

I see a familiar pattern on the weekly chart for EURUSD. I will short soon if I get a good entry. I'm hoping it will become a swing trade. Strictly tech analysis, no fundamental backing. Wait for cnfm.

Trade safe!
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  • #1,030
  • Oct 16, 2018 5:13am Oct 16, 2018 5:13am
Quoting 2dollardog
{quote} Glorious! Hello partner. Hello to everyone else, too. Miss trading. Not able to focus on exotics stll. I see a familiar pattern on the weekly chart for EURUSD. I will short soon if I get a good entry. I'm hoping it will become a swing trade. Strictly tech analysis, no fundamental backing. Wait for cnfm. Trade safe! {image}
hi mate
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  • #1,031
  • Edited 6:52am Oct 16, 2018 5:46am | Edited 6:52am
USDZAR broke thru Support - 14.3xxx - and holding
Attached Image
We err, and err, and err again, but less.
  • #1,032
  • Edited 8:43am Oct 16, 2018 6:32am | Edited 8:43am
Follow Up to my previous post on GBPSGD Post #1,015

Has any one entered long?

I missed my alert.

I will try to trade a retest if it happens.

Edit (attached two more charts): I entered long on an M5 trend line. Ideally I should have waited for a reasonable retest near previous H1 S/R (30 pips lower than my entry).
Anyway, price has moved up considerably and triggered the long for me.
Attached Image(s) (click to enlarge)
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  • #1,033
  • Oct 16, 2018 8:39am Oct 16, 2018 8:39am
pretty sure the market is anticipating positive numbers (jobs). But that may not be the real deal. Watch out for a potential bite.
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  • #1,034
  • Oct 16, 2018 8:56am Oct 16, 2018 8:56am
Update of usdcad trade as listed in post 979.
Money for my Honey.
Have started on the audnzd.
R
Attached Image(s) (click to enlarge)
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Ronnie Renko
  • #1,035
  • Oct 16, 2018 9:03am Oct 16, 2018 9:03am
Looks good. Got in on eurusd at 1.1605 It's possible DXY may charge onward into strong bull territory. We'll see.
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  • #1,036
  • Oct 16, 2018 10:24am Oct 16, 2018 10:24am
Quoting 2dollardog
Looks good. Got in on eurusd at 1.1605 It's possible DXY may charge onward into strong bull territory. We'll see. {image}
Will be great for my USDJPY long bias

Post #15
  • #1,037
  • Oct 16, 2018 10:29am Oct 16, 2018 10:29am
Quoting jors
{quote} thanks :-) but i am not worried, my stop is alreasy at entry level and I don't risk anything... My view (as u can see from my charts) is long term trade and should it reach again 38,2 fibonacci like today my stop goes to 6.000... and so on till 50% where my TP is
ok confirmed the breaking of the 38,2 fibonacci now I let it go till 50% where my TP is and I already moved SL to 6,00 ... maybe tomorrow I take it to 5,82
  • #1,038
  • Oct 16, 2018 12:12pm Oct 16, 2018 12:12pm
Quoting mtharwat
{quote} Will be great for my USDJPY long bias Post #15
NY back from lunch. Here we go. Batter up! (I hope. ha)
  • #1,039
  • Oct 16, 2018 12:17pm Oct 16, 2018 12:17pm
hi guys ım studying majors these days ( someone has idea about brexit issues ?)
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  • #1,040
  • Oct 16, 2018 7:07pm Oct 16, 2018 7:07pm
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last nights trades and this morning trade setup
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