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Lazy Open Trading

  • #101
  • Oct 5, 2019 8:44am Oct 5, 2019 8:44am
Quoting rogertaggart
another winner for OAPDave's strategy {image}
Looks like the site is as dead as Brexit---------gone from 4 to 5 posts a day to nothing for a week.
  • #102
  • Oct 10, 2019 9:56am Oct 10, 2019 9:56am
OAP Dave strategy working well
Attached Image (click to enlarge)
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  • #103
  • Oct 10, 2019 10:37am Oct 10, 2019 10:37am
Quoting OAPDave
Great post Rodger, you had to be a believer in the Method last week as it was a little tough so MM played a big part I will just show a few ideas with taking a look at the Monthly and Weekly Well done mate Dave {image} {image} {image}
thx Dave.

Are you still only trading the GU? and how did you come up with the 31pip distance?
  • #104
  • Oct 10, 2019 2:16pm Oct 10, 2019 2:16pm
Quoting OAPDave
{quote} Rodger, Yes 99% trade only Gbp/usd now, as these ESMA rules really make you get your MM rules in place as we do have to use a Martingale at times. Like yourself I have looked at many things, started with Pivots but as I am a bit of a dummy and was new to the game decided that I needed to make an effort to understand more about it, this did not really work out well, ended up looking at every indicator that has been made and every time frame I could attach them too, got myself totality confused. It was at this time that I stumbled into the...
Hola Dave
I put Marrey indicator on some charts and I observed that as all support and resistance indicators or pivot indicators sometimes works to the pip catching reversals and sometimes not.
Maybe could be I'm using it wrongly.
Can you show us some charts about how you use it more profitably if you can?
Cheers
  • #105
  • Oct 10, 2019 4:21pm Oct 10, 2019 4:21pm
Quoting OAPDave
{quote} Hi Merka Hope this is helpful ? Dave {image} {image} {image} {image} {image}
Thanks
Today nice move on GBP pairs due to potential Brexit deal.
Cheers
  • #106
  • Oct 11, 2019 12:02pm Oct 11, 2019 12:02pm
Rodger & Merka
This is were I got the 31 pip idea from ?
Dave
Attached Image (click to enlarge)
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  • #107
  • Oct 14, 2019 2:31am Oct 14, 2019 2:31am
Quoting OAPDave
Rodger & Merka This is were I got the 31 pip idea from ? Dave {image}
lol Dave, I see how it fits but thats recent price action. But you've been using 31 pips for a while now.
Well its works. Another win this morning:

Attached Image (click to enlarge)
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  • #108
  • Oct 14, 2019 4:06am Oct 14, 2019 4:06am
Quoting rogertaggart
{quote} lol Dave, I see how it fits but thats recent price action. But you've been using 31 pips for a while now. Well its works. Another win this morning: {image}
Well what can I say, except, Well Done again
Can I ask if you are looking or indeed trading any other pairs as well ? it's pretty robust for many pairs even if some have a slight variation of the 31 pips
Well done again and thanks for posting
Dave
  • #109
  • Oct 14, 2019 4:28am Oct 14, 2019 4:28am
Quoting OAPDave
{quote} Well what can I say, except, Well Done again Can I ask if you are looking or indeed trading any other pairs as well ? it's pretty robust for many pairs even if some have a slight variation of the 31 pips Well done again and thanks for posting Dave
Hi Dave. So far only this GU pair. Like I said in a previous post:

Quoting rogertaggart
in theory this is a very simple EA to program rules-wise. (for testing purposes) 1. Open position at market open or specified set time of choice 2. TP or double position in opposite direction 3. TP or SL 4. back to 1. I wonder if someone like SwingMan would like to take a try?
... this is a really easy EA to formulate so some backtesting and optimisation can be done not only on GU but other pairs
  • #110
  • Oct 14, 2019 4:48am Oct 14, 2019 4:48am
Quoting OAPDave
{quote} Here is another one of many examples with just a slight pip variation, remember, to me the key is the MM Dave {image}
what MM do you use? I have been just doing the 1 step martingale
  • #111
  • Oct 14, 2019 5:01am Oct 14, 2019 5:01am
Quoting rogertaggart
{quote} what MM do you use? I have been just doing the 1 step martingale
I will PM you later with details, but I do think guys need to find what they are comfortable with themselves after back testing their chosen pair, remembering that this is NOT the Holy Grail
  • #112
  • Oct 14, 2019 10:08am Oct 14, 2019 10:08am
Quoting OAPDave
You can use the grid in a number of different ways to trade from, in a controlled way, giving fixed RR Are some levels better to trade from than others ? {image}
Dave, whats the indi you use to show those 8ths?
  • #113
  • Oct 14, 2019 10:30am Oct 14, 2019 10:30am
https://www.mql5.com/en/code/8570
z Murrey Math Time frame mq4
Hope that helps
  • #114
  • Oct 14, 2019 4:40pm Oct 14, 2019 4:40pm
Quoting rogertaggart
{quote} what MM do you use? I have been just doing the 1 step martingale
If you are just using 1 step martingale is quate good
  • #115
  • Oct 15, 2019 2:37am Oct 15, 2019 2:37am
yes very quick start. Martingale proved useful

Attached Image (click to enlarge)
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thx for the Murray indicator
  • #116
  • Oct 15, 2019 2:54am Oct 15, 2019 2:54am
Quoting rogertaggart
yes very quick start. Martingale proved useful {image} thx for the Murray indicator
Yet again it's a Well Done from me, you seem to be well in tune with this idea now.
Dave
ps
Every Method/System needs to have Money-management attached to it because I do not think anyone as discovered the Holy Grail of trading yet
  • #117
  • Oct 15, 2019 3:07am Oct 15, 2019 3:07am
Quoting OAPDave
{quote} Yet again it's a Well Done from me, you seem to be well in tune with this idea now. Dave ps Every Method/System needs to have Money-management attached to it because I do not think anyone as discovered the Holy Grail of trading yet
The MM is relatively simple here as we only use a max of one martingale so it basically comes down to what percentage of account balance one wants to use i suppose
  • #118
  • Oct 15, 2019 3:52am Oct 15, 2019 3:52am
Quoting OAPDave
{quote} It's well worth spending a little time eyeballing a few charts with the Murrey Indicator as you will see some levels are more interesting to trade from than others ? Here is an example {image}
have you been testing other pairs Dave?
  • #119
  • Oct 15, 2019 5:03am Oct 15, 2019 5:03am
Quoting OAPDave
{quote} Yep for years, spent a very long time playing with MurreyMaths it was and still is a deep learning curve as MT4 is not ideal, only lets you do a fraction of the method {image} {image} {image}
thx Dave. Interesting.

I also found this one where you can change the timeframe. Might be of interest to you:

Attached File(s)
File Type: ex4 MurreyMath1[4].0.ex4   29 KB | 445 downloads
  • #120
  • Oct 15, 2019 5:13am Oct 15, 2019 5:13am
Quoting rogertaggart
{quote} thx Dave. Interesting. I also found this one where you can change the timeframe. Might be of interest to you: {file}
Yes got that one, it's a good one too
Thanks Dave
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