GBPUSD and GBPJPY trading was good today TP well hit.However XAUUSD,already took SS TP previously and i leave it running to breakthrough and hit BS in NY session but failed to reach max.profit and did what it always does,take out highs and sell rapidly,taking full profit lower on SS. 8-10% gain should have been closed when buy target failed with floating profit ,as XAU already took TP in previous session no need to risk more trades in one day.More opportunities tomorrow.
Intraday Trading using Pivot Point, Support & Resistance
- #48
- Edited 3:43am Jul 22, 2021 2:31am | Edited 3:43am
{quote} Did you already tested your EA over many years? If yes, can you please post what are the performance results. Thanks
Made this signal to see progress. i used cent account. https://bit.ly/2UvlMlI
Today 840 pips gain (84 points) without martingale
I am completely a lazy Trader & Pennies Rebate Hunter
- #50
- Jul 22, 2021 4:16am Jul 22, 2021 4:16am
- Joined Aug 2018 | Status: Trader | 1,458 Posts
{quote} No My Friend... Made this EA is just about 1 month.
Yesterday I was out driving,later I will post results later today
I want to follow ECB's Interest Rate decision at 7:45am est time
- #52
- Jul 22, 2021 5:00am Jul 22, 2021 5:00am
- Joined Jan 2016 | Status: Trader | 2,062 Posts
{quote} No My Friend... Made this EA is just about 1 month.
84 pips = 840 points
- #53
- Edited 9:56am Jul 22, 2021 9:45am | Edited 9:56am
- Joined Aug 2018 | Status: Trader | 1,458 Posts
I closed GBPJPY a bit early,daily gain was more than enough...You need to be a marathon performer and not 100M dash in this business to survive
Best advice i can give
. Keep Safe,Happy Trading!
Best advice i can give
. Keep Safe,Happy Trading! - #56
- Jul 22, 2021 10:15am Jul 22, 2021 10:15am
For manual trading also its can be used as Buy or Sell LIMIT.
This will come with other EA i work in. on this EA the rules are different.
The rule is opposite than previous. See Picture. Use offset points as 100 points
But be careful of trend. Use max 3 times losses. Stop trade when has gain
This will come with other EA i work in. on this EA the rules are different.
The rule is opposite than previous. See Picture. Use offset points as 100 points
But be careful of trend. Use max 3 times losses. Stop trade when has gain
I am completely a lazy Trader & Pennies Rebate Hunter
- #58
- Jul 22, 2021 5:30pm Jul 22, 2021 5:30pm
- Joined Aug 2018 | Status: Trader | 1,458 Posts
{quote} Hi, Just to clearly understand your thought with all the above levels (forget about spread for now), Whereever is the price, we open a pending STOP and LIMIT order at any of the above levels(R-M-PP-M-S). Once we are in trade, we close other pending order and create a new one with double lots(same SLTP). If our first trade TP is HIT, close all orders(including pending). If out first trade SL is HIT, then double lot new order will get executed. And so on. Is my understanding correct? Thanks.
Don't get confused in the math calculation,the indicator has labelled prices when a new day begins,this manual mathematical calculations you ain't need anymore.
At each pivot point you'll have important price action which will reveal 2 things. Will price rally or drop.......consolidation is fine we can live with that for a while until direction can be decided.At all kep levels BS SS & BL SL can be used effectively. I post chart of stop and limit orders.Will post more later.....sometimes Anthon is busy.
