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London close trading system for currencies

  • #2,941
  • Feb 3, 2020 11:56am Feb 3, 2020 11:56am
Quoting ghostbiker
us trader you must have patience and not heart :-)
today I was patient, maybe not enough, but free from Shakespeare: to have or not to have, that is the question

I took the quick have (0.5%) and will spend it now ;-)
  • #2,942
  • Feb 3, 2020 12:04pm Feb 3, 2020 12:04pm
Closed today’s basket with +3.07 percent gain.


Jeff
I EAT PIPS
  • #2,943
  • Feb 3, 2020 12:09pm Feb 3, 2020 12:09pm
Quoting ursinho4711
The Jeffmeister, Jeffarama..., please tell us followers the daily secret: what can we do to avoid Friday`s heart attack?

Patience.
I EAT PIPS
  • #2,944
  • Feb 3, 2020 12:16pm Feb 3, 2020 12:16pm
Quoting jshear
Closed today’s basket with +3.07 percent gain. Jeff
the Yoda you are of close of London
  • #2,945
  • Feb 3, 2020 2:44pm Feb 3, 2020 2:44pm
My first day testing. Looking good. Few positions hit tp also.

Over 100 pips in few minutes.
Attached Image
Anything above the line is an uptrend, below the line is a downtrend.
  • #2,946
  • Feb 3, 2020 4:22pm Feb 3, 2020 4:22pm
good London close today with the London close Dashboard EA
3 orders closed with TP

Attached Image (click to enlarge)
Click to Enlarge Name: LOC_02.03.PNG Size: 105 KB
  • #2,947
  • Feb 3, 2020 4:34pm Feb 3, 2020 4:34pm
I had eight! ACHT! OITO! And five of them went into the second round with 1.5 multiplier. It was dark red inbetween again, but I listened to the wise words of Yoda-Jeff and Ghosty: calma, patience, Geduld...
  • #2,948
  • Feb 3, 2020 6:06pm Feb 3, 2020 6:06pm
@Xmess

Does the calculation of the basket TP include all commissions and swaps? I searched the thread but did not find anything about that...
  • #2,949
  • Feb 3, 2020 9:42pm Feb 3, 2020 9:42pm
Quoting ursinho4711
@Xmess Does the calculation of the basket TP include all commissions and swaps? I searched the thread but did not find anything about that...
Inserted Code
 pip_profit += ((OrderProfit()+ OrderCommission() + OrderSwap())/OrderLots()/MarketInfo(OrderSymbol(), MODE_TICKVALUE))/p;
Our AWESOME IMAGINATION is the true holy grail!
  • #2,950
  • Feb 4, 2020 12:26am Feb 4, 2020 12:26am
Quoting ursinho4711
I had eight! ACHT! OITO! And five of them went into the second round with 1.5 multiplier. It was dark red inbetween again, but I listened to the wise words of Yoda-Jeff and Ghosty: calma, patience, Geduld...

6* pairs = 2% mainly GBP - limit entries saved the day!
  • #2,951
  • Feb 4, 2020 9:22am Feb 4, 2020 9:22am
I trade from today the following pairs:

Attached Image (click to enlarge)
Click to Enlarge Name: London_close_02.04.2020.png Size: 87 KB
  • #2,952
  • Feb 4, 2020 12:35pm Feb 4, 2020 12:35pm
10 orders today with London close EA Dashboard
  • #2,953
  • Feb 4, 2020 2:38pm Feb 4, 2020 2:38pm
It opened 11 trades at the start, and additional 7 were opened by the xmess EA.
Attached Image

How long do you hold your trades?

Daily trend is strong, no reversal on any of the trades. Hopefully tokyo will turn it around.
Anything above the line is an uptrend, below the line is a downtrend.
  • #2,954
  • Feb 4, 2020 7:03pm Feb 4, 2020 7:03pm
Closed basket with 3 percent gain.


Jeff
I EAT PIPS
  • #2,955
  • Edited 7:54pm Feb 4, 2020 7:38pm | Edited 7:54pm
Quoting jshear
Closed basket with 3 percent gain. Jeff
Still 0.5 lots on the 50k account? 3% basket or all single TP...? Leverage?

After my heart attack from Friday I moved back to my "play account".
2750 Euro. 0.1 lots per trade and a 30 leverage. Closed basket with 0.3%. Was down to -4% while it was running.
  • #2,956
  • Feb 4, 2020 7:43pm Feb 4, 2020 7:43pm
2% with 11* pairs BUT scary 25% DD en-route - may need to reduce basket % TP....still very encouraging

(icmarkets demo 0.1 per 1K 30% basket SL and 2% TP)
  • #2,957
  • Feb 4, 2020 8:02pm Feb 4, 2020 8:02pm
Quoting ursinho4711
{quote} Still 0.5 lots on the 50k account? 3% basket or all single TP...? Leverage? After my heart attack from Friday I moved back to my "play account". 2750 Euro. 0.1 lots per trade and a 30 leverage. Closed basket with 0.3%. Was down to -4% while it was running.

...is that 0.1 lots per 10K?
  • #2,958
  • Feb 4, 2020 8:13pm Feb 4, 2020 8:13pm
Quoting ursinho4711
{quote} Still 0.5 lots on the 50k account? 3% basket or all single TP...? Leverage? After my heart attack from Friday I moved back to my "play account". 2750 Euro. 0.1 lots per trade and a 30 leverage. Closed basket with 0.3%. Was down to -4% while it was running.

No 10 times leverage per trade. For example a 1K account .10 lots per trade.Max draw down today was 7 percent.
I EAT PIPS
  • #2,959
  • Feb 4, 2020 8:39pm Feb 4, 2020 8:39pm
London clsoe EA Dashboard closed the 10 orders :-)

Attached Image (click to enlarge)
Click to Enlarge Name: LOC_02.04.png Size: 88 KB
  • #2,960
  • Edited 9:57pm Feb 4, 2020 8:48pm | Edited 9:57pm
Quoting Degolep
It opened 11 trades at the start, and additional 7 were opened by the xmess EA. {image} How long do you hold your trades? Daily trend is strong, no reversal on any of the trades. Hopefully tokyo will turn it around.

That's the million $ question Best to use a basket TP and stick to it allowing for acceptable DD.
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