Disliked{quote} It opened a pending buy straightaway but no pending sell order, see picture {image} {image}Ignored
Simple Monday-Tuesday System (attached calculator)
This looks ok Recommended use. Add chart set it up how you like then add EA. Today it will automatically run. Next week it will wait until Wednesday to run them all. Can someone at least try and try it before market closes today on any pairs that have not traded this week. USDCAD is one. If you have multiple charts setup already, best to clear them before Wednesday. I always have 26 up as I run other strategies as well. {file} SL is now Hi-Lo/2 TP is 100 points
Can you check again pls?
Do not run to meet the price, let price run to meet you.
- #906
- Edited 12:29pm Mar 6, 2020 12:16pm | Edited 12:29pm
- Joined Mar 2006 | Status: Trader | 700 Posts
TO ANYONE TRYING MY EA.
PLEASE BE AWARE that as this depends on the EA running on Wednesday morning, today it will today be calculating hi/lo based on the last 2 days.
At this stage in its development these are the little things that can trip you up. Its why I ask for others to test as I may miss these.
So far so good.
New version out NOW.
I still have some work to do on this plus any other ideas that are suggested.
PLEASE BE AWARE that as this depends on the EA running on Wednesday morning, today it will today be calculating hi/lo based on the last 2 days.
At this stage in its development these are the little things that can trip you up. Its why I ask for others to test as I may miss these.
So far so good.
New version out NOW.
I still have some work to do on this plus any other ideas that are suggested.
I have just realised why EURGBP and other pairs might not open.
I use some interesting code (my own design) to control multiple pairs by using GlobalVariables. These can be found under Tools menu. These need clearing out as I use them to stop multiple orders and to maintain system integrity. I have added a script which will do this. Just make sure you turn "AutoTrading" OFF before so as not to recreate the orders until you are ready. Like most bits of software there is a process.
I will address this by Wednesday next week so its a seamless operation
I use some interesting code (my own design) to control multiple pairs by using GlobalVariables. These can be found under Tools menu. These need clearing out as I use them to stop multiple orders and to maintain system integrity. I have added a script which will do this. Just make sure you turn "AutoTrading" OFF before so as not to recreate the orders until you are ready. Like most bits of software there is a process.
I will address this by Wednesday next week so its a seamless operation
- #910
- Mar 6, 2020 2:47pm Mar 6, 2020 2:47pm
- Joined Sep 2011 | Status: Trader | 1,252 Posts
TO ANYONE TRYING MY EA. PLEASE BE AWARE that as this depends on the EA running on Wednesday morning, today it will today be calculating hi/lo based on the last 2 days. At this stage in its development these are the little things that can trip you up. Its why I ask for others to test as I may miss these. So far so good. New version out NOW. {file} I still have some work to do on this plus any other ideas that are suggested.
Just put that EA on the chart and everything seems to be working okay,
I see you having a discussion about the stop loss and lots size,
Are you building this so it will have some money management built-in,
or will you have an option to change lots size and stop-loss.
- #911
- Mar 6, 2020 2:54pm Mar 6, 2020 2:54pm
- Joined Jul 2011 | Status: Gold Again | 10,651 Posts
This looks ok Recommended use. Add chart set it up how you like then add EA. Today it will automatically run. Next week it will wait until Wednesday to run them all. Can someone at least try and try it before market closes today on any pairs that have not traded this week. USDCAD is one. If you have multiple charts setup already, best to clear them before Wednesday. I always have 26 up as I run other strategies as well. SL is now Hi-Lo/2 TP is 100 points
{quote} Great work brother. This is what I got when I applied the EA on UCAD. The TPs are different from the rules. Can you check again pls?
If and when you understand the Fibonacci Tool, it doesn’t calculate in pips but Percentage
Therefore, a 1 to 1 Take Profit of the “range” measured from Entry to 50% stop loss, will be exactly that same number of pips
On your chart, the prices - High Entry 1.34593 - Stop Loss 1.33760 = 0.00833 pips (notice, NOT 100 pips)
Add that to the High Entry 1.34593 + 0.00833 = 1.35426 which is exactly what is on your chart
Another thing for you to check, the accurate placement of the Fibonacci Tool to the actual high and low
I suggest drop down to the 1-hour chart to see this in fine details
Study the charts below, cheers
MAY THE TREND BE WITH YOU
- #912
- Mar 6, 2020 3:15pm Mar 6, 2020 3:15pm
- Joined Jul 2011 | Status: Gold Again | 10,651 Posts
In reference to the last post, notice how USDCAD is stuck in the range?
Something to consider when there are multiple opportunities on CAD pairs, check the OIL price
Check the news, e.g. OPEC meeting failed
= CAD weak
Generally, CADJPY is a great pair, but now NZD is the strongest
I’m sure you can work it out
Something to consider when there are multiple opportunities on CAD pairs, check the OIL price
Check the news, e.g. OPEC meeting failed
= CAD weakGenerally, CADJPY is a great pair, but now NZD is the strongest
I’m sure you can work it out
MAY THE TREND BE WITH YOU
- #913
- Mar 6, 2020 3:35pm Mar 6, 2020 3:35pm
- Joined Jul 2011 | Status: Gold Again | 10,651 Posts
Of course, GBPCAD
MAY THE TREND BE WITH YOU
- #916
- Mar 6, 2020 10:08pm Mar 6, 2020 10:08pm
- Joined Jul 2011 | Status: Gold Again | 10,651 Posts
Gday All, If I have say a buy stop order in above the Mon Tue range how can I have a stop loss attached to it when or if the entry triggers and I have the computer turned off. Say I want the stop down at the 50% range. cheers.
When placing a pending order, the options are there to include the take profit and stop loss price also
When you place the order, it is held on the brokers server, you can turn off your computer.
I suggest that you read the User Manual, very throughly, okay?
And don’t believe random people on the forums, take responsibility
Have a nice weekend
MAY THE TREND BE WITH YOU
{quote} We are not mind readers, but let’s assume that you are using Metatrader 4 When placing a pending order, the options are there to include the take profit and stop loss price also When you place the order, it is held on the brokers server, you can turn off your computer. I suggest that you read the User Manual, very throughly, okay? And don’t believe random people on the forums, take responsibility Have a nice weekend
Yes Mt4. And you are right some reading of the manual is needed. I was right clicking on chart and saw Buy stop but should of went into new order instead.
cheers.
