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Pro7 PA trading analysis 28+GOLD

  • #261
  • Jun 3, 2020 5:52am Jun 3, 2020 5:52am
Quoting mathy2007
{quote} Glad to hear it and just remember that the EA doesn't stop on stop loss and its your choice to stop it, it will stop on take profit Mathy
I just opened another trade and this time with the default number of pips for pending range filled in, then activated the EA. Immediately it opened a trade (my mistake because the EA will auto set the range for a buy to the pending buy price + 20 pips instead of - 20 pips which I wanted).

Then I proceeded to drag and drop the range manually to move it down.

But the EA continued to open new trades around the current price instead of opening more when the price moves down...

Screenshot appended:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 149 KB


Edit to add my trade setup:
USD CAD
H4 entry target - 1.35330 - 1.34936
TP 200 pips
SL 40 pips
  • #262
  • Jun 3, 2020 5:58am Jun 3, 2020 5:58am
Quoting ratsalad
Another question... for range buying/selling, does the EA distribute the positions across the range, or just opens a new trade every N minutes (as configured in the settings) so long the price is within the range? Because on the EURGBP trade I saw that the EA opened 3 trades around the bottom of the range instead of leaving some for a higher entry price.
hi ratsalad,
thank you for info
Forex can only be understood backwards, but it must be traded forwards.
  • #263
  • Edited 7:23am Jun 3, 2020 7:11am | Edited 7:23am
Pro7_EA
- bugs corrected
- movable SL & TP lines

ignore 2nd on-of switch, this will be options later

delete old place new
post 1 updated
Attached File(s)
File Type: ex4 Pro7_EA.ex4   82 KB | 392 downloads
File Type: mq4 Pro7_EA.mq4   49 KB | 366 downloads
Forex can only be understood backwards, but it must be traded forwards.
  • #264
  • Jun 3, 2020 7:14am Jun 3, 2020 7:14am
Pro... will deleting and replacing the EA affect current running tradesn

Another question - when I toggle both On and RS/RB to green at the same time, I realised thats when then range trading doesnt work and the EA opens a position immediately. Is this the bug?
  • #265
  • Jun 3, 2020 7:30am Jun 3, 2020 7:30am
Quoting ratsalad
Pro... will deleting and replacing the EA affect current running tradesn Another question - when I toggle both On and RS/RB to green at the same time, I realised thats when then range trading doesnt work and the EA opens a position immediately. Is this the bug?
deleting will not affect EA while magicNo is the same

EA trade both directions if buy & sell price is entered and EA Activated

Edit:
compiling source will switch off all open EA
Forex can only be understood backwards, but it must be traded forwards.
  • #266
  • Edited 8:33am Jun 3, 2020 7:49am | Edited 8:33am
Quoting prozor7
EURGBP gone fishing D1 sell 0.89016 - 0.89114 TP 0.88553 net is placed
Are you still in EURGBP short? It passed your range earlier but it looks to be dropping now

EDIT. it popped back up again whilst I was eating lunch, I wont be trading this pair today now
  • #267
  • Jun 3, 2020 9:15am Jun 3, 2020 9:15am
Quoting SidneyMagal
{quote} Are you still in EURGBP short? It passed your range earlier but it looks to be dropping now EDIT. it popped back up again whilst I was eating lunch, I wont be trading this pair today now
no lost this one
Forex can only be understood backwards, but it must be traded forwards.
  • #268
  • Jun 3, 2020 12:23pm Jun 3, 2020 12:23pm
GOLD
1698.35
I would like to see pullback to 1711.65 - 1714.84
Forex can only be understood backwards, but it must be traded forwards.
  • #269
  • Jun 3, 2020 1:20pm Jun 3, 2020 1:20pm
AUDJPY
looking to sell @ 75.260 - 75.455
Forex can only be understood backwards, but it must be traded forwards.
  • #270
  • Jun 3, 2020 2:12pm Jun 3, 2020 2:12pm
EURAUD
watching 1.62656 - 1.63009 for sell potential spike up to 1.63935

focus on 1.63009 sell below
Forex can only be understood backwards, but it must be traded forwards.
  • #271
  • Edited Jun 4, 2020 4:26am Jun 3, 2020 3:52pm | Edited Jun 4, 2020 4:26am
Pro7_EA
delete old place new
updated post 1
bug corrected
- Fixed the multiple entries
- fixed the wobbly SL and TP lines

There's now a 5 pip range on the intermediate lines above and below for entering trades
TP and SL's are all saved in the same fashion as the range

PS
as always test on DEMO, know you tool and report a bug
Attached File(s)
File Type: ex4 Pro7_EA.ex4   84 KB | 339 downloads
File Type: mq4 Pro7_EA.mq4   51 KB | 347 downloads
Forex can only be understood backwards, but it must be traded forwards.
  • #272
  • Jun 4, 2020 3:10am Jun 4, 2020 3:10am
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #273
  • Jun 4, 2020 3:37am Jun 4, 2020 3:37am
EURJPY
watching 122.513 for short as MN resistance/support
Forex can only be understood backwards, but it must be traded forwards.
  • #274
  • Jun 4, 2020 4:28am Jun 4, 2020 4:28am
Pro7_EA
updated didn't work as expected

delete old and place new
Forex can only be understood backwards, but it must be traded forwards.
  • #275
  • Jun 4, 2020 4:41am Jun 4, 2020 4:41am
Pro7_EA
will not be modified or upgraded in the future, except for bugs.

this tool if finished

EA is you fishing tackle
1. single rod fishing (single line)
2. two rod fishing (2 line range)
3. net fishing (3 lines or more)

find the fish and happy fishing

pro7
Forex can only be understood backwards, but it must be traded forwards.
  • #276
  • Jun 4, 2020 5:11am Jun 4, 2020 5:11am
Quoting prozor7
Pro7_EA will not be modified or upgraded in the future, except for bugs. this tool if finished EA is you fishing tackle 1. single rod fishing (single line) 2. two rod fishing (2 line range) 3. net fishing (3 lines or more) find the fish and happy fishing pro7
thanks pro. there are many ways to fish, but the tool you provided is great for various strategies.

the sit and wait approach is great.
  • #277
  • Jun 4, 2020 5:46am Jun 4, 2020 5:46am
Quoting ratsalad
{quote} thanks pro. there are many ways to fish, but the tool you provided is great for various strategies. the sit and wait approach is great.
hi ratsalad,
glad that you recognize tool value.

plan your trade - trade your plan
keep it simple

do post few trades (positive or negative) let us know hot it goes
good luck

pro7
Forex can only be understood backwards, but it must be traded forwards.
  • #278
  • Jun 4, 2020 6:30am Jun 4, 2020 6:30am
Quoting prozor7
GOLD 1698.35 I would like to see pullback to 1711.65 - 1714.84
GOLD
nice play

watch for 1711.65
above buy
below sell

H4 is buy mode
D1 will be buy mode above 1711.65
Forex can only be understood backwards, but it must be traded forwards.
  • #279
  • Jun 4, 2020 7:07am Jun 4, 2020 7:07am
EURJPY
gone fishing sell 122.512
Forex can only be understood backwards, but it must be traded forwards.
  • #280
  • Jun 4, 2020 7:14am Jun 4, 2020 7:14am
EURCAD
I would like to see 1.52605 to fish some short
Forex can only be understood backwards, but it must be traded forwards.
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