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Attachments: My "Ultron" EA for GBPUSD H1 timeframe
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My "Ultron" EA for GBPUSD H1 timeframe

  • #1,861
  • Apr 10, 2019 12:04pm Apr 10, 2019 12:04pm
I just got a buy order at 1.31138. PDV_106.
  • #1,862
  • Apr 10, 2019 12:22pm Apr 10, 2019 12:22pm
Quoting SigmaEnigma
I just got a buy order at 1.31138. PDV_106.
for me it's "out of trading hours"! no position!
  • #1,863
  • Apr 10, 2019 12:26pm Apr 10, 2019 12:26pm
Opened buy entries at 1.31126 in PDV and Lite 3.1
  • #1,864
  • Apr 10, 2019 12:38pm Apr 10, 2019 12:38pm
Quoting SigmaEnigma
I just got a buy order at 1.31138. PDV_106.
Yup new buy order opened at 1.31133.

Lets see how this one goes cos its approaching a strong resistance level at 1.3121 so lets see if it can break that level.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,865
  • Apr 10, 2019 12:40pm Apr 10, 2019 12:40pm
Buy order on...

I didn't get previous buy order as Johannes. But we are not taking spread into consideration. How did it play a role. Curious to know.

Am also not in favor of adding additional position to a losing trade. The strength of this EA is its signal. Retrace feature is just to cut losses so that we can minimize our loss. More over winning trade % on this EA is sitting around 75%+, which is very good.
  • #1,866
  • Apr 10, 2019 12:43pm Apr 10, 2019 12:43pm
Quoting mrdfx
{quote} Yup new buy order opened at 1.31133. Lets see how this one goes cos its approaching a strong resistance level at 1.3121 so lets see if it can break that level.
Looking at H4 chart, I feel this one will hit TP. Lets see.
  • #1,867
  • Apr 10, 2019 12:48pm Apr 10, 2019 12:48pm
Quoting PaulDV
{quote} Adding to losing positions "just in case" is a really bad idea in my opinion. If I understand you correctly, we add to a losing position in the hope that it turns around and wins. If it wins, then it wins 2.5 times the original reward, but if it loses, it loses 1.5 time the original risk. It's not something I feel would work, personally.
I second that big time.
It's better to cut your losses than add to it. It's a terrible thing to hope for the markets to turn in one's favour considering we have no control over market forces. That's why personally I'm beginning to detest Scalping systems with huge SL.

Best you can do is stack the odds in your favour and let market forces determine the outcome. Personally I favour small SL and big TP. That way even a few number of losses won't eat up all the profits you've made with one trade hitting TP. The present settings with Ultron has proven beyond reasonable doubts to be a winner and I'm convinced that even without the trailing feature - which is of course a great addition in my opinion - Ultron will still be a long term winner with TP of 100 and SL of 70 as per the default.

You can't win them all. I know we traders don't like to see red in our accounts but like George Soros said (and I paraphrase) "It's not about how many wins or losses you have but how much you win when you win and how much you lose when you lose"
  • #1,868
  • Apr 10, 2019 12:52pm Apr 10, 2019 12:52pm
Quoting cdsaa
{quote} Looking at H4 chart, I feel this one will hit TP. Lets see.
Nice double-bottom on the D1 too. Technically the move looks strong.
  • #1,869
  • Apr 10, 2019 1:02pm Apr 10, 2019 1:02pm
Quoting cdsaa
{quote} Looking at H4 chart, I feel this one will hit TP. Lets see.
Didn't get the trade signal though.

I just looked at the H4 chart and what I can see there is somewhere between a triangle pattern (which means price can breakout from either side) and a falling wedge (which on the other hand should support your projection). However, back to the H1 chart price is testing that resistance level of 1.3120 for the 3rd time and a trend line drawn at the support level touches 3 points perfectly which brings me to my own projection that price is likely heading down. Also, adding a trend line to the resistance points forms a rising wedge which still adds to my conviction that price is heading down. I might be wrong though so let's see how things play out.

EDIT: While typing mine just triggered a buy at 1.31147. Well, fingers crossed.
  • #1,870
  • Apr 10, 2019 1:07pm Apr 10, 2019 1:07pm
1.31129,..buy trade open,.ultron lite 3.1
  • #1,871
  • Apr 10, 2019 1:17pm Apr 10, 2019 1:17pm
Quoting cdsaa
{quote} Looking at H4 chart, I feel this one will hit TP. Lets see.
Price has rejected the 1.3121 level for a 3rd time. GU is going to need some strong buying momentum to break through that level, if it does we will hit TP for sure.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2019-04-10 at 15.16.24.png Size: 182 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #1,872
  • Apr 10, 2019 1:49pm Apr 10, 2019 1:49pm
hi,
please anyone share Ultron ea latest version

thanks
  • #1,873
  • Apr 10, 2019 5:19pm Apr 10, 2019 5:19pm
Unfortunately my PC restarted and I didn't get the order. If I add it manually, the EA will follow up the trade? trailing stop etc? I guess not, right?
  • #1,874
  • Apr 10, 2019 5:39pm Apr 10, 2019 5:39pm
Quoting SigmaEnigma
I just got a buy order at 1.31138. PDV_106.
Same for me
  • #1,875
  • Apr 10, 2019 10:07pm Apr 10, 2019 10:07pm
Quoting hocius
Unfortunately my PC restarted and I didn't get the order. If I add it manually, the EA will follow up the trade? trailing stop etc? I guess not, right?
each trade is assigned a number, if the number doesnt match, the EA would not update the existing trade.

Magic Number
  • #1,876
  • Apr 10, 2019 10:21pm Apr 10, 2019 10:21pm
Quoting mrdfx
{quote} Price has rejected the 1.3121 level for a 3rd time. GU is going to need some strong buying momentum to break through that level, if it does we will hit TP for sure. {image}
Yes. Fingers crossed.
I can see this is like a pattern, we earlier had 3 trades which opened at resistance and first one did hit SL, if you recall it. But others closed on few pips.


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 134 KB
  • #1,877
  • Apr 10, 2019 11:42pm Apr 10, 2019 11:42pm
Quoting cdsaa
{quote} Yes. Fingers crossed. I can see this is like a pattern, we earlier had 3 trades which opened at resistance and first one did hit SL, if you recall it. But others closed on few pips. {image}
Well I was lucky, removed pawel version and inserted paul version, during this gap we had that losing trade... So far no losing trade in my Live account. Yes I'm testing all three versions to my demo lost 1 trade 70pips...

Cdsaa that's concerning a bit, we earn 10 profitable trades with 3pips, 7pips, 13pips and only 1 losing trade 70pipss will eat up profit. wE need to think of this losing trade otherwise all hard work on this EA will fail in few months. Yes I've seen big numbers more than 70+pips profit too but that's because of BREXIT news. overall Ultron Entries are perfect except 1 Friday was opened against trend but I manually closed that trade with few pips profit.
  • #1,878
  • Apr 10, 2019 11:56pm Apr 10, 2019 11:56pm
Looks like the price is heading upwards to test the level a fourth time. I think if it breaks through it this will be a really good trade. We can only hope.
  • #1,879
  • Apr 11, 2019 1:03am Apr 11, 2019 1:03am
Quoting emonts
{quote} Hi, Send me email address. BR
Hi Emonts, I would be very grateful if I could also receive the Source Code. Best regards, Mathias
  • #1,880
  • Apr 11, 2019 1:11am Apr 11, 2019 1:11am
Quoting SigmaEnigma
Looks like the price is heading upwards to test the level a fourth time. I think if it breaks through it this will be a really good trade. We can only hope.

Just notice, we don't have daily adr info. But daily chart BB is promising to TP otherwise m1, m5, m15, m30, h1 are going to complete BB swing against this trade h4 BB will retrace in support to daily chart, no special news/calendar today but PM may due to address parliament tomorrow. Trailing-sl will initiate after 23 pips, and not much PA means small profit for this trade. Finger cross!!!!
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