Here is an example of price goes against initial trade's direction. We open 1 trade per new day, if price goes against the direction of previous day's entry, same lot size each entry. Closing all trades as a basket at breakeven + minimal profit. So some entries are in profit and some are losing. {image}
Seemingly logical. For every large move that day, the next day (or the next few days) will be in reversal. Just like Bollinger Bands concept.
But what are the odds?
If you ask me to code/fix your EA... it's probably not for free...
Seemingly logical. For every large move that day, the next day (or the next few days) will be in reversal. Just like Bollinger Bands concept. But what are the odds?
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If you read all the posts you will see that an EA has been programmed and that gives you info on the probabilities
I cant see any EA in the attachments. I have written my own, fairly simple, which a the moment I am testing for different scenarios. Ill upload it next week when I am happy with it if that's ok with everyone especially the OP. It wont be one to use for trading just for analysis.
I cant see any EA in the attachments. I have written my own, fairly simple, which a the moment I am testing for different scenarios. Ill upload it next week when I am happy with it if that's ok with everyone especially the OP. It wont be one to use for trading just for analysis.
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I remind you: if you want to share EA in this thread don't forget to upload some screenshots of charts of different pairs, that show entries and exits, and other "sophisticated" upgrades to the original post, if any.
{quote} I remind you: if you want to share EA in this thread don't forget to upload some screenshots of charts of different pairs, that show entries and exits, and other "sophisticated" upgrades to the original post, if any.
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I'm happy to do that. It will not be particularly sophisticated as I don't have much spare time.
On 21.Oct it was very close call to end up in large DD for EN. {quote}
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That's the cukoo in the nest. It's the one issue that worries me. Initial testing with a MA trend seems to reduce this fear. Not ready to publish yet, before I get asked to show results.
{quote} That's the cukoo in the nest. It's the one issue that worries me. Initial testing with a MA trend seems to reduce this fear. Not ready to publish yet, before I get asked to show results.
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Sounds good, or maybe only trade the low volatility currencies.
@smilee89 how to survive for this trade.can you help to show me how to open order in this case. I want to understand. if refer green dash. {image}
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The green arrow trade on the dotted line would have required 7 or 8 sell positions, in order to close in profit. The two red arrow and green arrow trades to the right were all winners, due to large wicks. A trailing stop would do job nicely, if you don’t want to babysit the trades.
@smilee89 how to survive for this trade.can you help to show me how to open order in this case. I want to understand. if refer green dash. {image}
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If you want me to help, send the whole picture.
That means it should include: pair name in top left, time frame in top left, dates in the bottom and price scale on the right hand side.
{quote} The green arrow trade on the dotted line would have required 7 or 8 sell positions, in order to close in profit. The two red arrow and green arrow trades to the right were all winners, due to large wicks. A trailing stop would do job nicely, if you don’t want to babysit the trades.
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7 or 8 positions? Are you sure you understand the strategy?
I suggest you read post #1 again and again before you trade it live.
