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Attachments: DOS. Daily Open Strategy. Easy To Trade, Simple To Win (EA..soon)
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DOS. Daily Open Strategy. Easy To Trade, Simple To Win (EA..soon)

  • #201
  • Oct 22, 2020 10:43pm Oct 22, 2020 10:43pm
Take Profit hit
GBPUSD
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  • #202
  • Oct 22, 2020 11:07pm Oct 22, 2020 11:07pm
Great strategy, the key is money management.

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wise man say, only fools rush in
  • #203
  • Oct 23, 2020 2:25am Oct 23, 2020 2:25am
Quoting smilee89
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}
reading.
LUCKY golden trades, LUCKY gold investor trading style
  • #204
  • Oct 23, 2020 2:38am Oct 23, 2020 2:38am
Take Profit hit
GBPCAD
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  • #205
  • Oct 23, 2020 12:18pm Oct 23, 2020 12:18pm
I never trade this pair before, but now i think i could trade.

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wise man say, only fools rush in
  • #206
  • Oct 23, 2020 5:56pm Oct 23, 2020 5:56pm
Take Profit hit already twice
EURNZD
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  • #207
  • Oct 24, 2020 2:16am Oct 24, 2020 2:16am
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...
  • #208
  • Oct 24, 2020 4:09am Oct 24, 2020 4:09am
Quoting radityo.ardi
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 read all the posts you will see that an EA has been programmed and that gives you info on the probabilities
  • #209
  • Oct 24, 2020 4:12am Oct 24, 2020 4:12am
May explain why the strategy works
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Buy low, sell high.
  • #210
  • Oct 24, 2020 4:37am Oct 24, 2020 4:37am
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.
  • #211
  • Oct 24, 2020 4:58am Oct 24, 2020 4:58am
Quoting Spikehunter
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 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.
  • #212
  • Oct 24, 2020 7:23am Oct 24, 2020 7:23am
Quoting smilee89
{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.
I'm happy to do that. It will not be particularly sophisticated as I don't have much spare time.
  • #213
  • Oct 24, 2020 8:14am Oct 24, 2020 8:14am
On 21.Oct it was very close call to end up in large DD for EN.

Quoting smilee89
Take Profit hit already twice EURNZD {image}
  • #214
  • Oct 24, 2020 8:46am Oct 24, 2020 8:46am
Quoting Ilvez
On 21.Oct it was very close call to end up in large DD for EN. {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.
  • #215
  • Oct 24, 2020 10:58am Oct 24, 2020 10:58am
Quoting Spikehunter
{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.
Sounds good, or maybe only trade the low volatility currencies.
  • #216
  • Oct 26, 2020 8:25am Oct 26, 2020 8:25am
@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.
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  • #217
  • Oct 26, 2020 9:10am Oct 26, 2020 9:10am
Quoting zer2008
@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}
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.
  • #218
  • Oct 26, 2020 8:17pm Oct 26, 2020 8:17pm
Quoting zer2008
@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}
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.
  • #219
  • Oct 26, 2020 8:42pm Oct 26, 2020 8:42pm
Quoting ChicagoRob
{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.
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.
  • #220
  • Oct 26, 2020 9:11pm Oct 26, 2020 9:11pm
Quoting smilee89
And this is an example of how robust this strategy is according this prototype EA. {image}
this test based on 1 pair?
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