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London close trading system for currencies

  • #3,381
  • Aug 24, 2020 12:51am Aug 24, 2020 12:51am
Hi,

As far as I know he is running recommended 0.1lot/1000€ risk and 1:500 leverage. I started testing it as well and it really needs high leverage account to fit in large number of pairs. Also it needs careful selection and review of pairs and pending order management. R:R is not ideal with appx 15:1.5. But basically one Sl per month still gives positive outcome.

Equity trailing squeezes out some days really amazing results.

Take care!


Quoting ursinho4711
{quote} Congratulations! Honestly... I have been using the EA for a year now. It is really cool, what made me stop using it at the moment is the fact, that once in a while there was a day that ate all the wins from previous good days. Posting percentual wins (I know that I do it as well) is not really saying much if you don't tell about the settings and account-size/leverage. Have a green week!
  • #3,382
  • Aug 24, 2020 9:23am Aug 24, 2020 9:23am
Quoting xmess7
{quote} the input is GMT and it is already set to 16:00 the input is called: GMT_TradeTime So yea I think its in GMT LOL Jess PS: let me know how you do with several magic number, I did not test the EA for those conditions
hi

i think u have problem with ur EA .. i have applied it on recommended pairs esch with diff magic number .. i got one trade on GBPUSD BUT GOT 16 trades on USDCAD While I did not apply it on this pair?? See graph
Attached Image (click to enlarge)
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  • #3,383
  • Aug 24, 2020 9:24am Aug 24, 2020 9:24am
Quoting ammar2000a70
{quote} hi i think u have problem with ur EA .. i have applied it on recommended pairs esch with diff magic number .. i got one trade on GBPUSD BUT GOT 16 trades on USDCAD While I did not apply it on this pair?? See graph {image}
Attached Image (click to enlarge)
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  • #3,384
  • Edited 9:47am Aug 24, 2020 9:30am | Edited 9:47am
[quote = ammar2000a70; 13128906] {quote} Привет, я думаю, у тебя проблемы с твоим советником .. Я применил его на рекомендуемых парах, например, с магическим номером diff .. У меня была одна сделка по GBPUSD, НО Я ПОЛУЧИЛ 16 сделок по USDCAD. не применять его на этой паре ?? См. График {image} [/ quote]
You have a problem!!! The fact that the adviser should be put on one pair and one window! therefore, it opened 16 times - you have 16 copies of the adviser!
here the set of pairs changes!
https://prnt.sc/u52kx5
Forgive for my English!
  • #3,385
  • Aug 24, 2020 10:35am Aug 24, 2020 10:35am
Quoting Romiros
[quote = ammar2000a70; 13128906] {quote} Привет, я думаю, у тебя проблемы с твоим советником .. Я применил его на рекомендуемых парах,...
hi
thank u
so even if i did not apply it in the pair but its mentioned in tge EA it will open trades?
means i need to run ea on each pair and delete all other pairs!
  • #3,386
  • Aug 24, 2020 9:05pm Aug 24, 2020 9:05pm
Quoting ammar2000a70
{quote} hi thank u so even if i did not apply it in the pair but its mentioned in tge EA it will open trades? means i need to run ea on each pair and delete all other pairs!
enter the desired pairs here
https://prnt.sc/u52kx5
run on one pair
Forgive for my English!
  • #3,387
  • Aug 25, 2020 1:32am Aug 25, 2020 1:32am
Hi,

The EA works as it should. Go to this site and watch tutorial videos how to set it up:

https://github.com/xmess7/LondonCloseEA

You only need one live FX chart for running the EA. Oher chart you should use for Fibo indicators where you can analyse the pairs.

Good luck!

Quoting ammar2000a70
{quote} hi i think u have problem with ur EA .. i have applied it on recommended pairs esch with diff magic number .. i got one trade on GBPUSD BUT GOT 16 trades on USDCAD While I did not apply it on this pair?? See graph {image}
  • #3,388
  • Aug 25, 2020 12:44pm Aug 25, 2020 12:44pm
2 orders today with the London close Dashboard EA and closed with TP very fast
  • #3,389
  • Aug 25, 2020 10:13pm Aug 25, 2020 10:13pm
Quoting ammar2000a70
{quote} hi thank u so even if i did not apply it in the pair but its mentioned in tge EA it will open trades? means i need to run ea on each pair and delete all other pairs!

Hi ammar:
Perhaps I misunderstood you previous questions/comments. I thought you wanted to run the EA on two charts with different magic numbers. You can do that but be aware that the EA will open X number of market/pending trades PER magic number you open. Say for example you put the EA on 5 charts and in each preset you select 7 pairs. Then you have a potential of 14x7 pairs opening. The number of trades is 14 cause each symbol will have a market and pending order. Is this what you were looking to do? I do not advice running the EA on multiple charts, especially on 4 or more charts. This was attempted back in the day the the CCFP EA (another basket EA) and MT4 cannot handle the load. It will run the EAs, but you will have missing trades or errors cause of the tremendous delay that is experienced on charts.

According to the original approach, pg1, you open a trade and pending order when that pair is within the required FIB Levels at 1600GMT.
Now, since many users are trying to do this on SEVERAL pairs at once, the EA was created with the ability to take X number of listed pairs and do all the work for the user on each symbol. So now the user only needs to identify which pairs they want the EA to analyze. Then at 1600GMT the EA will loop thru each of the pairs, setup the fibs, see if price is within any of the two required zones, and if so open a market order and a pending order for each of the pairs that pass the requirements.


Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #3,390
  • Aug 26, 2020 8:09am Aug 26, 2020 8:09am
Quoting xmess7
{quote} Hi ammar: Perhaps I misunderstood you previous questions/comments. I thought you wanted to run the EA on two charts with different magic numbers. You can do that but be aware that the EA will open X number of market/pending trades PER magic number you open. Say for example you put the EA on 5 charts and in each preset you select 7 pairs. Then you have a potential of 14x7 pairs opening. The number of trades is 14 cause each symbol will have a market and pending order. Is this what you were looking to do? I do not advice running the EA on...
thank for details

today i find sone error .. the ea ooen trade before the time. See screen shoot
Attached Image (click to enlarge)
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  • #3,391
  • Aug 26, 2020 9:37am Aug 26, 2020 9:37am
Quoting ghostbiker
2 orders today with the London close Dashboard EA and closed with TP very fast
Hi
which pairs? I got only one pair which was GBPJPY?
  • #3,392
  • Aug 26, 2020 12:48pm Aug 26, 2020 12:48pm
3 pairs opened with London close Dashboard EA and closed very fast with Basket TP
  • #3,393
  • Edited 1:44pm Aug 27, 2020 10:46am | Edited 1:44pm
My respect to ghostbiker for good fundamental system and Jess for the EA!

Did some mixed manual + EA trading with LC EA. Yesterdays pairs run into today, closed with profit during today after some wrestling, max DD was 10%.

Today evening session was way too fast Added manually one extra JPY pair to EA selection and 1% profit (0.1lot/1000 risk) was in the bag with 20 minutes.

Will continue to do some testing of it. It seems best outcomes can be achieved with EA + manual intervention + review of the pairs depending on market conditions.

Cheers!
  • #3,394
  • Aug 27, 2020 11:17am Aug 27, 2020 11:17am
2 orders open with the London close Dashboard EA and closed with Basket TP very fast
  • #3,395
  • Aug 27, 2020 11:29am Aug 27, 2020 11:29am
Quoting ammar2000a70
{quote} thank for details today i find sone error .. the ea ooen trade before the time. See screen shoot {image}
Ammar:
I don't see an issue. The EA translates the 16:00GMT to your brokers time 18:00GMT and I see that it opened at the appropriate time.


Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #3,396
  • Aug 27, 2020 11:31am Aug 27, 2020 11:31am
Quoting Ilvez
My respect to ghostbiker for good fundamental system and Jess for the EA! Did some mixed manual + EA trading with LC EA. Yesterdays pairs run into today, closed with profit during today after some wrestling, max DD was 10%. Today evening session was way too fast Added manually one extra JPY pair to EA selection and 1% profit (0.01lot/1000 risk) was in the bag with 20 minutes. Will continue to do some testing of it. It seems best outcomes can be achieved with EA + manual intervention + review of the pairs depending on market conditions. Cheers!...
YOU NAILED IT

EA+some manual control.

The EA will help you open and monitor the trades. YOU control the WHEN,HOW, and IF the the EA trades.

Take Care,
Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #3,397
  • Aug 27, 2020 11:23pm Aug 27, 2020 11:23pm
EA works flawlessly. I just don't know how to filter out bad trades.
Attached Image (click to enlarge)
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Please excuse the bad English via Google Translate.
  • #3,398
  • Aug 28, 2020 5:51am Aug 28, 2020 5:51am
1. your limitorders shift is to small

2. you have orders again after 15 minutes

3. what time have your broker 16:00 GMT ??

4. read the rules
  • #3,399
  • Aug 28, 2020 5:54am Aug 28, 2020 5:54am
Monday bank holidays, no trading London close monday
  • #3,400
  • Aug 28, 2020 6:57am Aug 28, 2020 6:57am
Quoting ghostbiker
1. your limitorders shift is to small 2. you have orders again after 15 minutes 3. what time have your broker 16:00 GMT ?? 4. read the rules
I used EA without changing the settings. Can you attach a * .set file?
Please excuse the bad English via Google Translate.
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