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Trading Made Simple(r)

  • #7,481
  • Feb 10, 2022 9:23am Feb 10, 2022 9:23am
Quoting Tjp
{quote} Maybe this will help, Scripts I found on FF I think. Very easy to change to your liking. Just set a hotkey on each ! Thank you for posting your trades I am learning a lot Thanks quicktrailng_new you can setup on a chart and it will manage your trade to you settings - DOES NOT WORK WITH SYMBOLE CHANGER - you need to open a chart that your trade is on - it wil pick up on your trade and manage it. I just load n template with the EA on and bombs away ! {file} {file} {file}
Thanks.
  • #7,482
  • Feb 10, 2022 9:25am Feb 10, 2022 9:25am
Quoting RiskFighter
{quote} I am working at such a robot. But I keep getting distracted by other ideas. If I at some point in the future get it done, then I will quote you.
Thanks
  • #7,483
  • Feb 10, 2022 9:30am Feb 10, 2022 9:30am
Quoting Tjp
{quote} Maybe this will help, Scripts I found on FF I think. Very easy to change to your liking. Just set a hotkey on each ! Thank you for posting your trades I am learning a lot Thanks quicktrailng_new you can setup on a chart and it will manage your trade to you settings - DOES NOT WORK WITH SYMBOLE CHANGER - you need to open a chart that your trade is on - it wil pick up on your trade and manage it. I just load n template with the EA on and bombs away ! {file} {file} {file}
Thanks.
  • #7,484
  • Feb 10, 2022 9:42am Feb 10, 2022 9:42am
Quoting trade1969
{image}
What was your signal on post 7480?
Remember, the market never lies. It is only we who lie to ourselves.
  • #7,485
  • Feb 10, 2022 9:54am Feb 10, 2022 9:54am
I had one signal from my new robot this afternoon. It is going quite well.
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MetaTrader 4 - so many advantages.
  • #7,486
  • Feb 10, 2022 9:58am Feb 10, 2022 9:58am
Quoting Tjp
{quote} Hi RiskFighter I have NO joy regarding - I even loaded the HMA on to the charts its self's. Maybe something missing that did not come with Thanks
It could be one of these:

  1. Did you remember that it is an EA which must be placed in the Expert Advisor library?
  2. I uploaded a Hull indicator. You must place that indicator in your indicator library.
  3. Trading must be allowed. Both at the top of your screen and inside the set up of the robot. The face in the upper right corner is smiling when trading is allowed.

Se the copy below. Where it is yellow you must allowe the trade. It is in my language, but you can see where it is.

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MetaTrader 4 - so many advantages.
  • #7,487
  • Feb 10, 2022 10:22am Feb 10, 2022 10:22am
Quoting Tjp
{quote} Hi RiskFighter I have NO joy regarding - I even loaded the HMA on to the charts its self's. Maybe something missing that did not come with Thanks
I am a little uncertain if you need the "Allow DDL" to be tagget.
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MetaTrader 4 - so many advantages.
  • #7,488
  • Feb 10, 2022 10:59am Feb 10, 2022 10:59am
Quoting stiffdogg06
{quote} What was your signal on post 7480?
Possible continuation trade on daily.1.stochastics over 100 meaning good trend 2.daily RSI over 50 line 3.hma green 4.the last daily candle on dynamic support.(this is the weekly trendline).But we are not ready for entry.WHEN THE WEEKLY RS CROSS THE 50 LINE UPWARDS and 5M agrees we take the trade.Notice,that this is not the main trend.Is only the weekly retracement.So we dont know how long it gonna last.This is my point of view.
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  • #7,489
  • Feb 10, 2022 11:07am Feb 10, 2022 11:07am
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  • #7,490
  • Feb 10, 2022 11:18am Feb 10, 2022 11:18am
Quoting trade1969
{image}
Can you please explain (b) and (c)?
  • #7,491
  • Feb 10, 2022 12:53pm Feb 10, 2022 12:53pm
Current trades that are running. The green line marks the entry at the opening of the candle.
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Remember, the market never lies. It is only we who lie to ourselves.
  • #7,492
  • Feb 10, 2022 1:12pm Feb 10, 2022 1:12pm
Quoting oohoo
What was wrong on this short continuation trade? Any ideas? (HA was red too, it's not on the chart). {image}
I think the candell is to big.Normally when the candell is more than 1 atr i dont take the trade.
  • #7,493
  • Edited 2:43pm Feb 10, 2022 2:04pm | Edited 2:43pm
Quoting stiffdogg06
Current trades that are running. The green line marks the entry at the opening of the candle.
You may have mentioned this before, but how do you determine where you put your initial stop loss. 2 bars back or 1% of your account?

Also, on your first trade, I am interested to know why you entered on the opening of that bar. Isn't that too soon since it can go back down which would remove the HMA(12)
from crossing over?
  • #7,494
  • Feb 10, 2022 2:07pm Feb 10, 2022 2:07pm
Quoting RiskFighter
{quote} Here it is. There were a lot of teasing in this little fellow! {image} {image} {file} {file} {file}
Hi RiskFighter.

Thank you so much. It works very well. Really great.

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Regards
__________________
Michael.MSA
Don't trade because you think you have to do something.
  • #7,495
  • Feb 10, 2022 3:05pm Feb 10, 2022 3:05pm
Quoting Michael.MSA
{quote} Hi RiskFighter. Thank you so much. It works very well. Really great. {image} Regards __________________ Michael.MSA
Glad to help
MetaTrader 4 - so many advantages.
  • #7,496
  • Feb 10, 2022 6:48pm Feb 10, 2022 6:48pm
Quoting oohoo
What was wrong on this short continuation trade? Any ideas? (HA was red too, it's not on the chart). {image}

1) Have you considered the timing of the markets?
> with European / London sessions closed and market liquidity can be thin and quiet until the Asian sessions Sydney and Tokyo open.
> this is one reason why I stay away trading anything H1 and below.

2) The market type* conditions if it is trending or sideways ranging.

*continuation type of trades will work out best when in trending market type.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,497
  • Feb 11, 2022 12:09am Feb 11, 2022 12:09am
My current setup.
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  • #7,498
  • Feb 11, 2022 1:07am Feb 11, 2022 1:07am
Quoting trade1969
{quote} I think the candell is to big.Normally when the candell is more than 1 atr i dont take the trade.
Agree. That was one of my reservations.
  • #7,499
  • Feb 11, 2022 1:16am Feb 11, 2022 1:16am
Quoting emmanuel7788
{quote} 1) Have you considered the timing of the markets? > with European / London sessions closed and market liquidity can be thin and quiet until the Asian sessions Sydney and Tokyo open. > this is one reason why I stay away trading anything H1 and below. 2) The market type* conditions if it is trending or sideways ranging. *continuation type of trades will work out best when in trending market type.
I agree it was not the best time to enter. I remember though RH saying he didn't take session time in consideration, except for the period of increased spreads.
I wanted to execute it like a robot, with as little subjective considerations as possible.
  • #7,500
  • Feb 11, 2022 5:32am Feb 11, 2022 5:32am
Quoting senkyoshi
{quote} You may have mentioned this before, but how do you determine where you put your initial stop loss. 2 bars back or 1% of your account? Also, on your first trade, I am interested to know why you entered on the opening of that bar. Isn't that too soon since it can go back down which would remove the HMA(12) from crossing over?
Bottom of the 2nd candle back or the 1st back if it is large. But that also corresponds to being 1% of my account.

If 2 candles back is 50 pips, I put 50 pips as my SL in this calculator (https://www.myfxbook.com/forex-calcu...on-size/GBPJPY) as well as wanting to risk 1% and it will tell me how many lots to trade to risk 50 pips (or 1% of my account).

In regards to my 1st trade, if you look over the photos of crossovers on Post 1, you can see where RH entered. I know now he will wait for a break of the high of the set up candle (the candle that closes above the yellow EMA). Basically, I wait for the 1st candle to close above the Yellow EMA and once that closes, if all the indicators are pointing to a trade, I get it at the open of the next candle.
I know it's hard to tell from the picture, but once that first candle closed above the Yellow EMA, the RSI and Stochs were above the 55 Line and both stochs crossed at the same time which RH has stated is a strong indication of a possible trade.
I know RH has stated multiple times throughout the thread that there are a lot of different entry methods. It just depends what works best for you.
Remember, the market never lies. It is only we who lie to ourselves.
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