London close trading system for currencies

Quoting ghostbiker

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@MasterGuru: - one EA ist a Dashboard u can't backtest it is with 14 - 16 pairs - the second EA I trade with 15 Pairs since 3 years forward, I need not a backtest for what ? - trade this system first manually is total easy and you see that is very good in wins and you need not a backtest - we have not DD periods, normally closed 90% - 95% all London close Orders after 2 hours or latest the next moring - trade the size up to 0.02 - 0.03 per 1000 for begin

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Quoting Aptera

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Is there an EA trading this automatically? I am in Australia and the London close is in the middle of the night here. Yes it can trade automatically. You can set TradingSession 1 to for example 17:55-18:05. Then LondonClose will look for trades at that time automatically.

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Quoting PacoFx

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hey guys, I've been trying to get proficient with the London Close strategy. Have 1 question: Do I start opening trades at exactly 18:00? or do I need to wait until 18:15? thanks!

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Quoting sagi

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{quote} Where can I get the EA?

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Quoting PacoFx

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{quote} Hey Sagi, you can find the EA for London Close here: https://github.com/xmess7/LondonCloseEA It has different versions and it also has the indicator

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Quoting sagi

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{quote} Thank you. Does the indicator have to be on a chart together with the EA? I got the indicator on, but when I place the EA, I am not getting a "face' at all. It is like the EA does not want to attach to the chart.

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Quoting PacoFx

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{quote} ahh yes, Sagi, I ran into the same issue. You just need to go to the EA's properties and make sure "Allow DLL imports" and "Allow import of external experts" is checked. (Hope the image helps). Also, I recommend watching the videos so that you get a better explanation of the EA's features: https://www.youtube.com/watch?v=Zs21gvwtDRM Regards! {image}

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Quoting sagi

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{quote} Thank you, you are so helpful! How much can you make in a day ( as a % of your balance)?

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Quoting PacoFx

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{quote} well... I fired it up in my demo account on Monday. So far this week's results are: -821.1 pips i.e. -73.61USD trading with a fixed 0.01 lot. Percentage-wise this is -1.65% I'm using the out of the box settings so for next week I'll be tweaking them to see how it works out. If you're interested in further London Close trading, I started with this techique from Shirley Hudson: https://forexwinners.org/forex/londo...rade-stratigy/ Of course that link I shared is manual and I've tweaked it a bit. And I'm hoping this EA can...

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Quoting PacoFx

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{quote} ok, first week with xmess7 EA with out of the box settings: -73.93 USD I've tweaked it to have the "minimum pips to TP" from 8 to 10.0 Also, the "Max Spread Allowed (pips)" from 6 to 5.0 Let's see how next week's performace goes.

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Quoting PacoFx

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{quote} All right. Week 2 with the xmess7 EA v45 bot Total earnings: +38.96 USD A much better result! For the upcoming week I'll trade only on these pairs: AUDCHF,AUDJPY,AUDUSD,EURAUD,EURCHF,EURGBP,EURJPY,EURUSD,GBPAUD,GBPCHF,GBPJPY,GBPUSD,GBPCAD,USDCHF,USDJPY This is because of andres11617 comment on page 169. He says he's using the bot and applying it on those pairs Let's see how this turns out!

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Quoting PacoFx

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{quote} ok, week 3 + the adjustments of currencies to be traded Total earnings: -13.91 USD Definitely a better loss than on the 1st week (-73.93) Something I'll be controlling for this next week is news impacts. I'll launch the bot only with trades that don't have mid-high news. ALSO, the next few weeks will be impacted by Daylight savings time, so I'll need to account for that, too. Let's see how this turns out!

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Quoting PacoFx

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{quote} all right, week 4 with no changes since last week (meaning I left pairs suggested by @andres11617) Total earnings -4.65 USD I did not control for news impacts on last week and I'm not planning to do it for this upcoming week. Reason is because of daylight savings time in London. Once This changes (change should be on week 5), I'll start excluding pars that have high-impact news. Cheers!

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Quoting PacoFx

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{quote} Week 5! Total earnings: -17.33 USD All right, at the start of next week DST should kick in for London so that means I'll now be controlling for pairs that have high-impact scheduled news. My plan is to look if there are any news during the day and remove the pairs that might be hit. Example: if USD has some news coming up, I'll remove any USD crosses and restore them on the next day. let's see how this goes cheers!

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Quoting PacoFx

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{quote} ok Week 6! Result: 0 USD Mon-Wed there weren't any trades opened by the bot because there weren't any conditions for trading and Thu-Fri there were a lot of high-impact news and bank holidays so I didn't trade. I'll give the next two weeks for this bot to see how this goes. cheers!

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