London close trading system for currencies

London close EA today 2 orders closed after 50 Minutes + 1.1%

LondonClose, for today (open GMT 16:00 with 8 pip requirement).

Profit for today: +0.32%
.

Jess

@xmess7: not bad

Thanks but I still need to work on this EA. What I am showing you is with 0.01 lots and only the trades that were taken correctly. Once I get the EA working properly I will up the lots to risk 2%. Then you should see more compatible % to what you are displaying.

- the Expert Advisor have the distance 8 Pips to 23.6 / 76.4 or normally distance 10 Pips

- only orders with ADR 50 Pips and more (ADR 7 days)

- and not all 28 pairs

That is what I have programmed the EA to do.
It follows all of the rules on pg1. In addition to the 8 pip distance.

The issue I am having is that on some of the pairs the EA will use yeterday's fibs. That is because the MT4 servers do not provide up to date time on pairs when you are looping thru them. I have added extra checks to make sure that the right date is used.

This is one of the many reason traders should not trust back test results. In the strategy tester the EA works PERRRFECTLY. no error and the server gives me the right start time for the candle I want to start at 16:00 gmt. But in live testing, nope. Some pairs will be right on and other pairs will be off by a day or MORE.
You may wonder why this is happening. I take the list of pairs. I use the list of pairs you have posted in the thread, so its not all of the 28 but a list that you provide on this thread. Then at 16:00 gmt I make the EA loop thru each pair. On each pair it creates the fibs just like what sm did with the smLondonClose Indicator. Then the EA will analayze to see if price meets the criteria, if it does it opens a market and limit order with all of the SLs and TPs. Then it goes doing this for all of the pairs on the list. What I had to do now is that each time a pair is analyzed I have to DOUBLE check that the date of the PAIR is the same as the CURRENT date. IF not I make MT4 REFRESH their time tables and then try again until I get the date that I need.

Anyhow, I am 95% there .

Jess

London close EA only 1 order opened today

Cool!
Nice to hear that Jess!

@Ghostbiker

Thank you for sharing this trading method.
Nice!

today 9 orders opened 15:55 GMT closed 16:32 GMT with TP + 5.2% not bad

LondonClose, for today (open GMT 16:00 with 8 pip requirement).

Profit for today: -0.2%

I had several trades. as you can see by the image EURUSD and NZDUSD where the losers that brought down the basket. Otherwise the rest hit TP.
BTW I am using FXchoice on this screen so I may have different trades you don't/

In general all of the trades were made correctly. When I place each of those trades on a chart with the smLondonClose indicator the trade fall within the required limits. Looks like this EA may be ready. Got to see how it does for the rest of the week.


Jess

the london close strategy is interesting. will test it out.

@xmess7: here the several orders from yesterday open and closed net + 84 Pips in 37 minutes

Attached Image (click to enlarge)

today 2 orders London close opened, close with + 0.6% Basket TP

Thank
I will compare

LondonClose, for today (open GMT 16:00 with 8 pip requirement).

Profit for today: +0.29%
jess

@xmess6: nice result

tomorrow again London close trading with EA

Thnx ghost. Remember I am using 0.01 lots...so my results will have alot less % gain cause my account balance is large compared to the lots I am using.

Hey ghost I compared your list from post https://www.forexfactory.com/showthr...0#post12309290
to my list on post : https://www.forexfactory.com/showthr...5#post12309015

You are using extra pairs that I am not using. But of the pairs that you and I had that were the same of our results were the same.
EXCEPT USDJPY. My EA opened a sell for my account but you have a buy.

So you may want to check your EA to make sure that is a correct result. I tell you. the Metatrader servers are not very accurate when they give you price data.
Even yesterday I still had several pairs that used day's before 15:45 candle to calculate the fibs. I updated the Ea with a fix, lets see if this time I can make those errors go away.

Anyhow here is the yesterday's 16:00 GMT trade that my EA took as a SHORT but you took as LONG. Thnx Jess

@xmess7: on the 06.03. had my Espert Advisor NOT open a order USDJPY because 15:55 GMT
was the distance not 8 Pips or more

the closed order USDJPY on the pic is opened on the 05.31 and closed 06.03 us Basket
with the orders from 06.03 !!

Oh ok. Thanks. I didn't pay attention to the open date. So yes all of the trades now match I compared your usdjpy 05:31 trade with my trade and they match. Same thing happened on my EA. The trade opened a buy on 05.31 but closed with SL on 06.01.

I went ahead and added those pairs that we're different on my list.
I added EURNZD, GBPNZD, GBPCAD, AND CADCHF

So this is the list now that the EA analyzes:
AUDCHF,AUDJPY,AUDUSD,EURAUD,EURCHF,
EURGBP,EURJPY,EURUSD,GBPAUD,GBPCHF,
GBPJPY,GBPUSD,NZDJPY,NZDUSD,USDCHF,
USDJPY,
EURNZD, GBPNZD, GBPCAD, AND CADCHF

Let me know if any are missing.

I will post the latest version of the EA soon. I have already made updates so you guys that are using versions 11 or earlier will have to update cause those versions still have bugs especially that server bug thing which will make u miss trades or take the wrong trades.

Jess