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Magic 100

  • #681
  • Jun 10, 2020 3:47pm Jun 10, 2020 3:47pm
perhaps too soon in relation to price activity under the MA, but the short bias was well established at the blue arrow
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  • #682
  • Edited 4:52pm Jun 10, 2020 4:39pm | Edited 4:52pm
Loaded and Ready, I still believe ranging markets(chop) will be the biggest issue for this trend following "enter on the swing" technique, but let's see.
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  • #683
  • Jun 10, 2020 4:51pm Jun 10, 2020 4:51pm
Quoting driven18
Loaded and Ready, I still believe ranging markets(chop) will be the biggest issue for this trend following technique, but let's see. {image}
this pair has already reached its monthly average range
that doesnt mean it wont continue upwards, but the stats are against it
  • #684
  • Jun 10, 2020 4:57pm Jun 10, 2020 4:57pm
Quoting PeterE
{quote} this pair has already reached its monthly average range that doesnt mean it wont continue upwards, but the stats are against it
Understand, but it is meaningless....Forex will move as Forex will move...technique and MM is what important.
  • #685
  • Jun 10, 2020 5:03pm Jun 10, 2020 5:03pm
Quoting driven18
Loaded and Ready, I still believe ranging markets(chop) will be the biggest issue for this trend following "enter on the swing" technique, but let's see. {image}
driven18:
Hey! How u doing. So as for that EA u are using, whatever issues u encounter please PM me ok? Gotta keep the thread clean and on subject .

Just remember to set a limit on what you plan to take for the DAY or WEEK and then unload the EA and SOYH (Sit on your hands) till next week LOL.

I think I placed a weekly target (Lol I have to check). Yes, you can use that to set a weekly target. The EA will stop trading when that target is reached and resume trading the following week

PEACE
Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #686
  • Edited 5:29pm Jun 10, 2020 5:08pm | Edited 5:29pm
Quoting xmess7
{quote} driven18: Hey! How u doing. So as for that EA u are using, whatever issues u encounter please PM me ok? Gotta keep the thread clean and on subject . Just remember to set a limit on what you plan to take for the DAY or WEEK and then unload the EA and SOYH (Sit on your hands) till next week LOL. I think I placed a weekly target (Lol I have to check). Yes, you can use that to set a weekly target. The EA will stop trading when that target is reached and resume trading the following week PEACE Jess
Xmess ..good stuff...target 10% for a week with 0.5 lot per pair.

The only time I will post this here, then PM if need to. You need to add few pips to entry, so we do not get filled in on the high spread ask. "add extra pips to entry" =
  • #687
  • Jun 10, 2020 5:24pm Jun 10, 2020 5:24pm
watchlist: CHFJPY, NZDCHF, GBPCHF

be interested to see the PA above the horizontal line (green) on CHFJPY
HH's then Minotawr entry at retrace is a possibility
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  • #688
  • Jun 10, 2020 11:17pm Jun 10, 2020 11:17pm
Quoting PeterE
watchlist: CHFJPY, NZDCHF, GBPCHF
NZDCHF
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  • #689
  • Jun 11, 2020 1:20am Jun 11, 2020 1:20am
Quoting driven18
{quote} Xmess ..good stuff...target 10% for a week with 0.5 lot per pair. The only time I will post this here, then PM if need to. You need to add few pips to entry, so we do not get filled in on the high spread ask. "add extra pips to entry" =
Hey driven18:
I know what you mean but since we are dealing with pending orders, it is fine, with the pending orders its like dealing with solid numbers...
So when u get filled you get filled at the corresponding price. The EA then calculates your SLand TP based on the ASK or BID. So its all true stuff no need to fiddle with the spread

This EA needs a little more MM stuff to make it solid so no one will blow their account UNLESS they want to LOL

Oh yea I notices something to. You know where you can set it to trade ONE DIRECTION? Well it does it FOR ALL the pairs you SELECT, which Idon't think you want that LOL. So yea next version I will update that so you can select which pair goes which direction.... I am thinking of adding it to the buttons... right there you can click LONG/SHORT and of course if neither is clicked then it trades both directions.

Take care and keep it safe, be healthy and above all DO NOT VIOLATE YOUR TRADING RULES LOL.
Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #690
  • Jun 11, 2020 2:11am Jun 11, 2020 2:11am
EURNZD

This one may be outside of Minotawr's rules....but I liked it because of the market structure.
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  • #691
  • Jun 11, 2020 2:13am Jun 11, 2020 2:13am
Quoting PeterE
{quote} NZDCHF {image}
Perfect entry Peter!

Now add a 1:3 RR TP to it and i will call you Magus
  • #692
  • Jun 11, 2020 2:18am Jun 11, 2020 2:18am
Quoting Minotawr
{quote} Perfect entry Peter! Now add a 1:3 RR TP to it and i call you Magus
thanks Minotawr

1:3 .....I'm out of my comfort zone aiming at 1:2

....but I can see your strategy lends itself well to 1:3
  • #693
  • Edited 11:31am Jun 11, 2020 2:19am | Edited 11:31am
i have my on the JPY pairs...especially USD/JPY

Just plan your trade and trade your plan...
  • #694
  • Jun 11, 2020 2:39am Jun 11, 2020 2:39am
Quoting xmess7
{quote} Hey driven18: I know what you mean but since we are dealing with pending orders, it is fine, with the pending orders its like dealing with solid numbers... So when u get filled you get filled at the corresponding price. The EA then calculates your SLand TP based on the ASK or BID. So its all true stuff no need to fiddle with the spread This EA needs a little more MM stuff to make it solid so no one will blow their account UNLESS they want to LOL Oh yea I notices something to. You know where you can set it to trade ONE DIRECTION? Well it...
Hi thanks a lot for your kindness and extraordinary effort.. just wanted to know if u have the Ea on MT5..? thanks mate =)
  • #695
  • Jun 11, 2020 2:53am Jun 11, 2020 2:53am
free utility, toggle MA on/off as required

https://www.mql5.com/en/market/product/13088
  • #696
  • Jun 11, 2020 3:36am Jun 11, 2020 3:36am
pity usdjyp had one got in, but was still asleep
  • #697
  • Jun 11, 2020 4:04am Jun 11, 2020 4:04am
Quoting Minotawr
i have my on the JPY pairs...especially USD/JPY

Hi Minotawr, great thread.

Just a quick question you mentioned that you were looking at usd/jpy, do you take on board yesterdays high and low? Just this pair has being up and down on the LOW since the open,

Thanks
  • #698
  • Jun 11, 2020 5:08am Jun 11, 2020 5:08am
Quoting PeterE
free utility, toggle MA on/off as required https://www.mql5.com/en/market/product/13088
read this post, if you know how to use MT4, you don't need to download, copy and paste indicators anymore

https://www.forexfactory.com/showthr...0#post12964880

It takes a lot for me to IGNORE you, but you can try.
  • #699
  • Jun 11, 2020 5:25am Jun 11, 2020 5:25am
Quoting Erebus
{quote} read this post, if you know how to use MT4, you don't need to download, copy and paste indicators anymore https://www.forexfactory.com/showthr...0#post12964880
thanks Erebus ,

yes, just search "Toggleable Moving Averages" (ctrl v) in the market tab of your terminal and download.
  • #700
  • Jun 11, 2020 6:25am Jun 11, 2020 6:25am
this is a strategy that runs even without indicators
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