London close trading system for currencies | Page 161 | Forex Factory

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London close trading system for currencies

  • #3,201
  • Jun 17, 2020 11:01am Jun 17, 2020 11:01am
3 buy trades:
eurnzd
gbpaud
gbpnzd
  • #3,202
  • Jun 17, 2020 11:07am Jun 17, 2020 11:07am
only 2 orders today by London close with the Dashboard EA
  • #3,203
  • Jun 17, 2020 1:23pm Jun 17, 2020 1:23pm
closed with TP 15 EUR London close Dashboard EA

Attached Image (click to enlarge)
Click to Enlarge Name: LondonClose_06.17.png Size: 93 KB
  • #3,204
  • Jun 17, 2020 4:58pm Jun 17, 2020 4:58pm
woke up with 4 buys overnight +51p:
EURNZD
GBPAUD
GBPNZD
EURUSD

I like this!!!

Thanks guys
Stay green!!!
  • #3,205
  • Jun 18, 2020 5:53am Jun 18, 2020 5:53am
Quoting xmess7
EA UPDATE v41 xm7_LondonClose_v41.ex4 EA and INDICATOR UPDATES Files located at: https://github.com/xmess7/LondonCloseEA Hi, its been a while. I was updating other EAs and I notices an error in the calculation of the total daily profit. Made an update to all EAs that had this discrepancy. Should not affect the LondonClose baskets cause all trades are closed at the same time. In the previous version if you ever close one of the basket trades you could...
Backtesting in MT4 but get errors:

Inserted Code
2020.06.18 11:55:03.896 2019.01.02 16:00:00  xm7_LondonClose_v41 GBPUSD#,H1: array out of range in 'xm7_LondonClose_v41.mq4' (930,107)
020.06.18 11:51:37.374 2019.01.02 16:00:00  Testing pass stopped due to a critical error in the EA
020.06.18 11:51:37.373 2019.01.02 16:00:00  xm7_LondonClose_v41 GBPUSD#,H1: zero divide in 'xm7_LondonClose_v41.mq4' (405,70)
  • #3,206
  • Jun 18, 2020 7:11am Jun 18, 2020 7:11am
hehe what will you backtest ? We trade in the future and not in the past !! In the past you can't earn any wins !!
Backtest from the EA is onyl for the function not for win or loss !!

We close the multi currencies us Basket, the backtest from one currency say nothing !!!!!!!!!!!!!!!!!!!!!

your currencies have suffix I mean this is the error

And the EA is in function and need not backtests !!
  • #3,207
  • Jun 18, 2020 7:31am Jun 18, 2020 7:31am
Quoting ghostbiker
hehe what will you backtest ? We trade in the future and not in the past !! In the past you can't earn any wins !! Backtest from the EA is onyl for the function not for win or loss !! We close the multi currencies us Basket, the backtest from one currency say nothing !!!!!!!!!!!!!!!!!!!!! your currencies have suffix I mean this is the error And the EA is in function and need not backtests !!
Unfortunately I need to confirm the DD, as my prop firm only allows 4%.
  • #3,208
  • Jun 18, 2020 10:19am Jun 18, 2020 10:19am
it depends on how high your account is. It is a difference from floating (without floating no order)
whether you are trading with an account of 10,000 with 0.2 lots or 0.1 lots or 0.01 lots. It is important
for me that the basket is closed in the profit. How should I see a drawdown if the basket closes within 30 minutes
to 6 hours? During this time there is only floating no drawdown. For me, drawdown is when capital losses occur.
There are no losses from the capital invested here
  • #3,209
  • Jun 18, 2020 10:35am Jun 18, 2020 10:35am
Quoting ghostbiker
it depends on how high your account is. It is a difference from floating (without floating no order) whether you are trading with an account of 10,000 with 0.2 lots or 0.1 lots or 0.01 lots. It is important for me that the basket is closed in the profit. How should I see a drawdown if the basket closes within 30 minutes to 6 hours? During this time there is only floating no drawdown. For me, drawdown is when capital losses occur. There are no losses from the capital invested here
My prop firm uses floating (equity) drawdown.
  • #3,210
  • Jun 18, 2020 11:07am Jun 18, 2020 11:07am
...or just 5 minutes like today (6 trades, I planned a basket TP of 3 pips per trade)

I understand GodRa, but to get an idea of what is happening, you have to trade live. Or analyze !!! the past, using the description of the strategy.
This month I already had 104.3 pips DD during the session. But it came back over night and closed in green.
  • #3,211
  • Edited 1:05pm Jun 18, 2020 12:38pm | Edited 1:05pm
4 orders today closed after 4 Minutes with TP 16 EUR (it is good for 8 Pizza to buy in SuperMarket)

I've TP 6 Pips per trade us Basket 20 Pips each order us TP

@ursinho4711: open orders for me is floating not DD, without floating no orders !!!
will GodRa zero DD give his money to the bank for zero win and minus 2% DD per year

will I very low floating with low wins I trade with 0.01 Lot

Attached Image (click to enlarge)
Click to Enlarge Name: London close_06.18.png Size: 93 KB


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  • #3,212
  • Jun 18, 2020 5:49pm Jun 18, 2020 5:49pm
woke up with 3 L, 1 W all buys overnight....
NZDJPY,GBPJPY,GBPUSD (L); AUDJPY(W)
Stay green!!!
  • #3,213
  • Jun 18, 2020 10:51pm Jun 18, 2020 10:51pm
Quoting ghostbiker
open orders for me is floating not DD, without floating no orders !!!
Moin Ghosty!
I clearly understand your point, but to end this (for us useless) discussion, another short explanation: DD is used in the english strategy tester as difference between balance and equity.
Anyway you are right: without liquidity, no wins...
  • #3,214
  • Jun 19, 2020 11:01am Jun 19, 2020 11:01am
2 orders today opened with the Dashboard London close EA
  • #3,215
  • Jun 19, 2020 11:05am Jun 19, 2020 11:05am
gbpjpy buy
gbpusd buy
  • #3,216
  • Jun 19, 2020 11:22am Jun 19, 2020 11:22am
the same GBPJPY and GBPUSD active
  • #3,217
  • Jun 19, 2020 11:32am Jun 19, 2020 11:32am
and closed with 12.2 pips basket TP

Ein schöööööönes Wochenende!
  • #3,218
  • Jun 19, 2020 11:35am Jun 19, 2020 11:35am
Hey Ghostrider,

Do you think that we could use the FIB Red zone and Green zone and take trades when its above the 76.4 or below 23.6?
  • #3,219
  • Jun 19, 2020 11:44am Jun 19, 2020 11:44am
Quoting swayam1069
Hey Ghostrider, Do you think that we could use the FIB Red zone and Green zone and take trades when its above the 76.4 or below 23.6?
Read rules of post #1 of the thread...

Rule 1: MarketOrders buy if the pricing is between 0 and 23.6 Fibo and the distance to 23.6 is minimum 10 Pips or more

Rule 2: Marketorders sell if the pricing is between 100 and 76.4 Fibo and the distance to 76.4 is minimum 10 Pips or more

and so on so on
  • #3,220
  • Jun 19, 2020 3:01pm Jun 19, 2020 3:01pm
right OK

I let run the both open pairs come back on monday sure
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