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London close trading system for currencies

  • #2,321
  • Nov 20, 2019 1:22pm Nov 20, 2019 1:22pm
Quoting ghostbiker
today 7 orders closed with reduced daily TP + 2.3% from yesterday's 10 orders are 6 closed in win, 4 orders still open + 1 limitorder active
I don't know how you keep showing positive results when I am running the same system with losses???? Something doesn't add up.



Jeff
I EAT PIPS
  • #2,322
  • Edited 2:25pm Nov 20, 2019 2:14pm | Edited 2:25pm
Quoting jshear
I don't know how you keep showing positive results when I am running the same system with losses????
Just closed todays trades with 1.13% win... (on an IC-markets demo)

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  • #2,323
  • Nov 20, 2019 2:45pm Nov 20, 2019 2:45pm
Quoting ursinho4711
{quote} Just closed todays trades with 1.13% win... (on an IC-markets demo) {image}

Did you close the trades manually or just set and forget and let them close by the EA? I also noticed your trade time in not the same as mine? Mine is 19:00 or 17:00 GMT
I EAT PIPS
  • #2,324
  • Nov 20, 2019 2:48pm Nov 20, 2019 2:48pm
@jshear: :-)

GBPCAD closed 20:04 GMT 1.71938 with little win

GBPAUD closed 20:04 GMT 1.90014 with little win
  • #2,325
  • Nov 20, 2019 3:37pm Nov 20, 2019 3:37pm
Quoting jshear
{quote} Did you close the trades manually or just set and forget and let them close by the EA? I also noticed your trade time in not the same as mine? Mine is 19:00 or 17:00 GMT
Sorry, indeed I need to explain: I started the EA at GMT 17:30, because my MT4 crashed at GMT16:55 (my Dashboard and LC-EA do not like to work together...)

Then I had to struggle to get my little daughter to sleep... when I came back, I closed the orders manually.

If I remember well, Jess does not start at LC GMT 17:00 but at GMT 18:00?
  • #2,326
  • Nov 20, 2019 3:51pm Nov 20, 2019 3:51pm
Quoting ursinho4711
{quote} Sorry, indeed I need to explain: I started the EA at GMT 17:30, because my MT4 crashed at GMT16:55 (my Dashboard and LC-EA do not like to work together...) Then I had to struggle to get my little daughter to sleep... when I came back, I closed the orders manually. If I remember well, Jess does not start at LC GMT 17:00 but at GMT 18:00?

London close starts now at 17:00
I EAT PIPS
  • #2,327
  • Nov 20, 2019 4:13pm Nov 20, 2019 4:13pm
Quoting jshear
{quote} London close starts now at 17:00
That correct. 17:00 s the start. I been testing 18:00. Only cause I saw some positive movements. So if I were to trade the 17;00 open I too would of had the same results u had.

Jshear try testing the pairs to see if they fall in the zones. Just to make sure that the EA picked up on the correct signals.

Since ghost does her entries manually and considering the difference in brokers what we are seeing is just the differences that affect the trades.

This requires a good analysis to see how much the differences in costs and auto vs manual have on the results.
Our AWESOME IMAGINATION is the true holy grail!
  • #2,328
  • Edited 6:27pm Nov 20, 2019 6:14pm | Edited 6:27pm
No ! the EA make the entries auto 16:58 GMT and close after 20 Pips TP
or close total in one Basket with daily profit target or manually if I want

I change only manually the daily profit Basket with the number of orders if I want

with one click of the pair in front of the Dashboard come the pair chart with the
Indicator FiboZones and I can make the orders manually with one click if I want, but in this
case I must give the TP manually in every order (come 10 or 15 orders is much
work and I must make the limitorders manually too) close I can do with one click
in the Dashboard on the pair or all with one click
  • #2,329
  • Nov 20, 2019 11:02pm Nov 20, 2019 11:02pm
Hey just wanted to let you guys know that I ended up with 3.18% gain today.

There were the trades that were opened at and after 18:00
EURAUD (market and limit)
GBPCAD (market and limit)
GBPAUD (market and limit)
EURCAD (market and limit)

Remember I am using a different start time... so my basket can be different than the 17:00 start time.

I will keep monitoring this open time to see if it is consistent, I still need to mess with the MM...

Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #2,330
  • Edited 8:47am Nov 21, 2019 7:54am | Edited 8:47am
Quoting xmess7
Hey just wanted to let you guys know that I ended up with 3.18% gain today. There were the trades that were opened at and after 18:00 EURAUD (market and limit) GBPCAD (market and limit) GBPAUD (market and limit) EURCAD (market and limit) Remember I am using a different start time... so my basket can be different than the 17:00 start time. I will keep monitoring this open time to see if it is consistent, I still need to mess with the MM... Jess

Have you found starting an hour later seems to work better with your testing ?


Thanks

Jeff
I EAT PIPS
  • #2,331
  • Edited 9:06am Nov 21, 2019 8:32am | Edited 9:06am
hehe you must test one year and not one day :-) time earlier is like russisch roulette

and this is not the London close System !!!
  • #2,332
  • Nov 21, 2019 8:34am Nov 21, 2019 8:34am
the rest from the 10 orders from 11.19.2019 closed today with + 3.4%
  • #2,333
  • Nov 21, 2019 9:07am Nov 21, 2019 9:07am
Quoting ghostbiker
hehe you must test one year and not one day :-) time earlier is like russisch roulette and this is not the London close System !!!

I meant an hour later as per xmess7



Jeff
I EAT PIPS
  • #2,334
  • Nov 21, 2019 9:34am Nov 21, 2019 9:34am
Quoting jshear
{quote} Have you found starting an hour later seems to work better with your testing ? Thanks Jeff
I am forward testing this. The reason I started to do this was cause of an error I made several months ago lol.
So what I want to see is how stable this is. Will make a decision in about a month.
Our AWESOME IMAGINATION is the true holy grail!
  • #2,335
  • Nov 21, 2019 9:38am Nov 21, 2019 9:38am
Quoting ghostbiker
hehe you must test one year and not one day :-) time earlier is like russisch roulette and this is not the London close System !!!
I have about 4 months of testing so far, one more month should give me a suitable answer. The thing that I do is I artificially add spread to the approach I test. So if it can be stable with a larger spread them hec when it is run on a broker with decent spreads it will kick ass
Our AWESOME IMAGINATION is the true holy grail!
  • #2,336
  • Nov 21, 2019 9:51am Nov 21, 2019 9:51am
Quoting xmess7
{quote} I have about 4 months of testing so far, one more month should give me a suitable answer. The thing that I do is I artificially add spread to the approach I test. So if it can be stable with a larger spread them hec when it is run on a broker with decent spreads it will kick ass

In the short period of testing I have seen the 1 hour later seems to help big. As I have noticed sometimes an instant draw down that could be avoided trading an hour later.


Cheers

Jeff
I EAT PIPS
  • #2,337
  • Nov 21, 2019 11:02am Nov 21, 2019 11:02am
4 orders today active
  • #2,338
  • Nov 21, 2019 11:02am Nov 21, 2019 11:02am
3 orders for today.

eurcad
nzdcad
gbpcad


using new version with pending orders 50 percent larger than market orders. Also now testing 18:00 start on a new demo too


Cheers

Jeff
I EAT PIPS
  • #2,339
  • Nov 21, 2019 11:10am Nov 21, 2019 11:10am
Quoting jshear
3 orders for today. eurcad nzdcad gbpcad using new version with pending orders 50 percent larger than market orders. Also now testing 18:00 start on a new demo too Cheers Jeff
Good luck! Mine did not open anything, probably due to the "spread filter" in the set-file. I used a set-file that I found in this thread, 6.0 is the upper limit there...
May I ask your settings?

Greets
Ursinho
  • #2,340
  • Nov 21, 2019 11:12am Nov 21, 2019 11:12am
great trades
Allergic to bullshitters, never argue with fools
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