{quote} And yet, you haven't provided any results thus far?{quote} In fact, you are only promising future results; I'm really looking forward to those. Myself, I just don't think it will work, the spread is wider than your stops, you will be in and out before the 1 minute is up; stop loss of 5 pips is ridiculous IMHO. Read the 2 threads I posted earlier, it's a simple idea, hard to execute, pretty sure this will die off quicker than most threads... Amen
- #22
- Edited 5:47pm Oct 18, 2020 5:08pm | Edited 5:47pm
Edwin!!! What is the spirit of your choice... I definitely want to try it cause my scotch whiskey is not having that effect on me any more!!!
RELAX.... just joking!!
I did trade a similar strategy 8 years ago and worked very very good, but after a year it was a break even strategy...
I had a straddle EA that would apply the pending orders 10 pips from the current price 8 seconds before the news
Anyways, will follow, good luck with your thread, hope you prove the haters wrong
RELAX.... just joking!!
I did trade a similar strategy 8 years ago and worked very very good, but after a year it was a break even strategy...
I had a straddle EA that would apply the pending orders 10 pips from the current price 8 seconds before the news
Anyways, will follow, good luck with your thread, hope you prove the haters wrong
Those who don't believe in magic will never find it
- #23
- Oct 18, 2020 5:11pm Oct 18, 2020 5:11pm
- Joined May 2017 | Status: Trader | 3,885 Posts
Truth is like poetry. And most people f*cking hate poetry.
- #26
- Oct 18, 2020 6:20pm Oct 18, 2020 6:20pm
- Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
Is it not better to have something like a m1 range? When that range gets broken?
Enter with a DMO?
At least, there is a real penetration of the range?
or
Spread and slippage, should both have less negative effect on the trade, eventually...
Enter with a DMO?
At least, there is a real penetration of the range?
or Spread and slippage, should both have less negative effect on the trade, eventually...
Maadik Hugiis. IQ 69.
- #27
- Oct 18, 2020 6:47pm Oct 18, 2020 6:47pm
- Joined Jul 2011 | Status: Gold Again | 10,606 Posts
Is it not better to have something like a m1 range? When that range gets broken?
Totally off-topic, we just want an EA to do the work, collect the cash, thank you very much.
It takes a lot for me to IGNORE you, but you can try.
- #28
- Oct 18, 2020 11:59pm Oct 18, 2020 11:59pm
{quote} I really hate people like you who just out of the blue come and claim things they have no idea about
my dear friend... your strategy works only in theory and in Demo accounts. Because... in both, there is no widening of spread and the issue of no order fill. In a real account, there is not enough liquidity available in the areas you mention at the time of news release... and your order will get filled, way beyond your marked entry. And with news like NFP, sometimes..both your orders would get filled with a large gap and make you lose for sure. Test it on a real account and you will know.
The holygrail invention you produced here... has been discussed, tried, tested... and abandoned by MANY... many times in the last one decade.
I'd not ask you for any proof or any account statement, but I would request you to let us know... in the next 10 trades, where you placed your entry and where you got filled and which broker. Thank you and best wishes on your strategy! TC
- #30
- Oct 19, 2020 12:03am Oct 19, 2020 12:03am
{quote} What you described is trading the price action; that requires thinking! Totally off-topic, we just want an EA to do the work, collect the cash, thank you very much.
tht's hilarious!!!!
- #31
- Oct 19, 2020 12:09am Oct 19, 2020 12:09am
{quote} 3 pips above/below?!? 59 minutes and 5 seconds before the news release?!? With a 5 pips SL?!?Hello?!?
This is Hilarious, to say at least!
seems like... people are here to crack jokes on this strategy...!
- #32
- Oct 19, 2020 12:16am Oct 19, 2020 12:16am
- Joined Jul 2011 | Status: Gold Again | 10,606 Posts
It takes a lot for me to IGNORE you, but you can try.
- #33
- Oct 19, 2020 12:21am Oct 19, 2020 12:21am
- Joined Jul 2011 | Status: Gold Again | 10,606 Posts
{quote}
It takes a lot for me to IGNORE you, but you can try.
- #39
- Oct 19, 2020 8:06am Oct 19, 2020 8:06am
Hi edwinjil.
As many people pointed out, this an old strategy that was effective until the brokers realized they were losing money with it and decided to widen the spread around news. I remember testing it several years ago and I had to abandon it. Personally I am always open to be proven wrong though. If you say you have been trading it with success for some time, there is no reason not to believe you. I'm sure it will cost you nothing to put up an explorer and prove your point (if you can be bothered, that is).
As many people pointed out, this an old strategy that was effective until the brokers realized they were losing money with it and decided to widen the spread around news. I remember testing it several years ago and I had to abandon it. Personally I am always open to be proven wrong though. If you say you have been trading it with success for some time, there is no reason not to believe you. I'm sure it will cost you nothing to put up an explorer and prove your point (if you can be bothered, that is).