I think it should work just fine...
I am developing my own OrangeRoshan SRDC method EA and it runs fine on GBP/USD and EUR/USD charts...
I am developing my own OrangeRoshan SRDC method EA and it runs fine on GBP/USD and EUR/USD charts...
And now, something completely different...
What do you guys think about this strategy:
You find a guy who doesnt know nothing about trading, total beginner....
Give him a small real account for a trading.... He will probably blew it up in a week or two. The trick is, when he opens a position, you open also one on a BIG account but in opposite direction!
After the small one is closed, you find another guy and continue...
I will try to finish EA today evening ( I am from Croatia, now is 10:30 in the morning)... so, if everything will be fine, I will post it...
Padawan ferovca
What do you guys think about this strategy:
You find a guy who doesnt know nothing about trading, total beginner....
Give him a small real account for a trading.... He will probably blew it up in a week or two. The trick is, when he opens a position, you open also one on a BIG account but in opposite direction!
After the small one is closed, you find another guy and continue...
I will try to finish EA today evening ( I am from Croatia, now is 10:30 in the morning)... so, if everything will be fine, I will post it...
Padawan ferovca
These are the previous Day high and low indicators I pick up from other thread. Just have a quick visual backtesting and found out that we can get +10 pips at London and US session breakouts. I am Going for Raya tonite 
And now, something completely different...
What do you guys think about this strategy:
You find a guy who doesnt know nothing about trading, total beginner....
Give him a small real account for a trading.... He will probably blew it up in a week or two. The trick is, when he opens a position, you open also one on a BIG account but in opposite direction!
After the small one is closed, you find another guy and continue...
I will try to finish EA today evening ( I am from Croatia, now is 10:30 in the morning)... so, if everything will be fine, I will post it...
Padawan ferovca
Change Your Thinking. Change Your Life - JD
- #110
- Oct 31, 2006 3:55am Oct 31, 2006 3:55am
- Joined Apr 2006 | Status: Metatrader Programmer | 1,422 Posts
SRDC level 2 actually shows similar techniques. It buys on reversal. I wont be posting it for now until the EA is properly done (just incase anyone asking).
You can try at least to check if pending orders will be opened , just open a demo account and set Starttime as your actual broker time and EA should opens in few seconds all pending orders without needs to wait until midnight.
However in backtest any EA based on S&R Daily seems to be not profitable at all if a SL is set because most of time price hit pending orders so order is opened then retrace and hit SL
I also see that you usually don't put a SL, but this is a very high risk if you are planning to use an EA.
What do you think about this?
Orange did you try in forward test on demo account my latest EA SRDC v2 ? I'd like to receive your feedback to be sure that EA is working correctly
You can try at least to check if pending orders will be opened , just open a demo account and set Starttime as your actual broker time and EA should opens in few seconds all pending orders without needs to wait until midnight. Its on now, awaiting results. I put it on 3monkeys.
However in backtest any EA based on S&R Daily seems to be not profitable at all if a SL is set because most of time price hit pending orders so order is opened then retrace and hit SL
I also see that you usually don't put a SL, but this is a very high risk if you are planning to use an EA.
What do you think about this?
Frankly speaking, and probably this is not a good advice, I hardly use a stoploss (with the exception of Black Friday, once a month). I exit bad trades only when I know the longterm trend changes. However this needs experience on Fundamentals. Many websites like fxstreet and dailyfx gives good fundamentals outlook (just in case some padawan asked).
The idea of using an EA, for this method is NOT to use a SL at all. Implement it on a Mini account, say USD500. Then let the bot do the work. When it lose money, then stop using it. Its minimal risk. Most people lose more than USD500 on any given day even with a SL.
BUT, when the EA gives positive results and makes passive income for the trader who chose to take this path, then SL or no SL. I dont give a flip!!
Do what ever it takes intelligently as long as Jabba dont go knocking on your door,
Success, you will become.
Change Your Thinking. Change Your Life - JD
Ok, i tried it and it works for now....
I also found Symbol() function which can be used to identify on which chart ea is and compare it with pending/opened orders.
But, for now I will use only magic, do not want to complicate it if it doesnt need to be...
First I will do it with manually input magic numbers, semi and auto will be after we put some force in it..
May the force be with me...
I also found Symbol() function which can be used to identify on which chart ea is and compare it with pending/opened orders.
But, for now I will use only magic, do not want to complicate it if it doesnt need to be...
First I will do it with manually input magic numbers, semi and auto will be after we put some force in it..
May the force be with me...
Ok, i tried it and it works for now....
I also found Symbol() function which can be used to identify on which chart ea is and compare it with pending/opened orders.
But, for now I will use only magic, do not want to complicate it if it doesnt need to be...
First I will do it with manually input magic numbers, semi and auto will be after we put some force in it..
May the force be with me...
Pipagic
Change Your Thinking. Change Your Life - JD