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Need guidance to improve my Trend Riding EA (attached) 24 replies

ATP - The Regurgitation to Wave Riding 27 replies

Whigreblure (the riding of) 1 reply

Riding the trend easily 33 replies

Attachments: Cable Riding
Exit Attachments

Cable Riding

Quoting billbss
Stopped out of long trade -35 pips.

Total for day -25 pips. Following rules as written.

are you using a fixed stop-loss??
Quoting nomoretoxic
are you using a fixed stop-loss??
Yes. 35 pips. That's what the system rules called for.

After you are 15 pips in profit, you use a trailing stop.

It is detailed in the second or third post.
Entered long 1745 GMT @ 2.0428 (includes spread)
Quoting billbss
Stopped out of long trade -35 pips.

Total for day -25 pips. Following rules as written.
I'm not sure where you entered this trade, as all the signals I saw there was no stop out? What were your numbers?

Yes...I am also looking at exiting trades in a better manor. It is always hard to predict what to do. My suggestions were just that ideas. I'm open to others.

One I thought about was just taking your profit at 25 or 30 pips because that seems about the average, however than you will miss the big ups and downs.

If anyone has any additional ideas for taking profit I'd love to hear them. For the most part I don't necessarily follow the system to a "t" but try to get a feel for the market.

I noticed that the one I had to leave early on went up another 20 pips after i closed my position. Such is the way this is played.

Let's keep working on taking profit ideas because the entries are what appear to me 90% dead nuts.
"Keep your eyes on the helpers" - Mr. Rogers
Quoting billbss
Entered long 1745 GMT @ 2.0428 (includes spread)
If you entered here...yeah, I guess this was a tad bit too early. two candlesticks later would have been better entry point. Myabe I should modify the first page a little to just take the crossover.

This was just unlucky because very rarely does the trade follow the line as it did then for the next candlestick as well.

Let's keep working on it as I know that it works very well. Just remember to use good judgement because sometimes the system will fail.

Personally I took about 60 pips today, but I did add the GY.
"Keep your eyes on the helpers" - Mr. Rogers
Quoting fxking
thanks for your system,by the way what and how do u determine if the daily trend is up or down? looking at 4rs or daily chart before going into the 15mins trades? thanks
Hello,

I jsut determine if the EMA 20 is above or below the EMA 50. If it is above I go long and if it is below I go short.

This system does miss a lot of trades, but I am only concerned with the ones it gets. 50 - 100 pips per day is fine with me.
"Keep your eyes on the helpers" - Mr. Rogers
I entered at 1358 GMT @ 2.0433.

You will not see that entry looking back on a chart because when the bar closed the QQE fell back. It was crossed though when I entered. That was one of the questions I asked and you indicated you did not wait for a closed bar to enter.

I got stopped out when price went down to 2.0398 @1506 GMT, for a 35 pip loss.

I am in another long trade now, and it's not looking good. We'll just have to wait and see.
Quoting damonl
If you entered here...yeah, I guess this was a tad bit too early. two candlesticks later would have been better entry point. Myabe I should modify the first page a little to just take the crossover.

This was just unlucky because very rarely does the trade follow the line as it did then for the next candlestick as well.

Let's keep working on it as I know that it works very well. Just remember to use good judgement because sometimes the system will fail.

Personally I took about 60 pips today, but I did add the GY.

Every trade I took was on a QQE crossover. As I said, you cannot see them on a chart because when the candle closed it was not crossed.
Quoting billbss
I entered at 1358 GMT @ 2.0433.

You will not see that entry looking back on a chart because when the bar closed the QQE fell back. It was crossed though when I entered. That was one of the questions I asked and you indicated you did not wait for a closed bar to enter.

I got stopped out when price went down to 2.0398 @1506 GMT, for a 35 pip loss.

I am in another long trade now, and it's not looking good. We'll just have to wait and see.
Hmmm...I guess I haven't run into that before. What do you think would have kept you out of that trade? Where did you enter your current trade? Somewhere around 2.0430?
"Keep your eyes on the helpers" - Mr. Rogers
Quoting billbss
Every trade I took was on a QQE crossover. As I said, you cannot see them on a chart because when the candle closed it was not crossed.
Maybe we should wait until crossover. I guess I don't know if the answer is always one or the other. It sounds like you made a good trade and it just went bad. It does happen, but I know that this wins way more than it loses.
"Keep your eyes on the helpers" - Mr. Rogers
Quoting damonl
Maybe we should wait until crossover. I guess I don't know if the answer is always one or the other. It sounds like you made a good trade and it just went bad. It does happen, but I know that this wins way more than it loses.
Do you mean I should wait until the bar closes?

I did wait until the QQE was crossed. It will cross and uncross in mid bar. Its moves as the bar is being formed just like a moving average does.

Every trade I made today was while the QQE was crossed in the right direction.

Nothing would have kept me out of the trade at a stop out.

If I had waited for the QQE to remain crossed at the close of a bar, I would have entered at the close of the 1415GMT bar at 2.0424 + 4 pip spread = 2.0428.

I would have been stopped out during the 1500 GMT candle.
Quoting billbss
Do you mean I should wait until the bar closes?

I did wait until the QQE was crossed. It will cross and uncross in mid bar. Its moves as the bar is being formed just like a moving average does.

Every trade I made today was while the QQE was crossed in the right direction.
Well...I have a better idea. I think you made a good trade. Let's add another confirmation. I wish I could edit this on my earlier post but I seem not to be able to anymore.

If you get the correct signals on the M15 TF, quick switch over to the M 30 TF to see if the QQE indicators are both showing the same thing. In the case of the trade we are talking about, you will see that the QQE of the M 30 TF was in a short position. This would have definitely kept you out of that trade and that would be a good thing.
"Keep your eyes on the helpers" - Mr. Rogers
Quoting billbss
Do you mean I should wait until the bar closes?

I did wait until the QQE was crossed. It will cross and uncross in mid bar. Its moves as the bar is being formed just like a moving average does.

Every trade I made today was while the QQE was crossed in the right direction.

Nothing would have kept me out of the trade at a stop out.

If I had waited for the QQE to remain crossed at the close of a bar, I would have entered at the close of the 1415GMT bar at 2.0424 + 4 pip spread = 2.0428.

I would have been stopped out during the 1500 GMT candle.
Yeah...I see that. I think it went head-hunting your stop. I still think you made a good trade. It is just that things had already started to flatten out but didn't show it on the M15 TF but it did on the M 30 TF.

To be honest with you, if you have time, why don't you trade the H1 charts? Just don't worry too much about where the EMA 20 and the EMA 50 is. Just trade the QQE and the RSI crossovers. You will need to have a larger s/l say 50 - 60 pips or so, but you can take more profit without moving in and out of the market so much.

I have to trade this way because I have limited time and I need triggers when I am available.
"Keep your eyes on the helpers" - Mr. Rogers
What about a stop only when the blue line crosses the smoothed line?
Quoting superbem
What about a stop only when the blue line crosses the smoothed line?
That is definitely something that is a good idea especially in a market that is moving. One that is more stagnant it may cross a few times. The other thing about that is many times it will cross again verty close to where you entered leaving you with hardly any pips.

But no doubt this is a valid exit strategy. Probably more realistic on the higher TF than the lower ones. I bet this would work great on the H1
"Keep your eyes on the helpers" - Mr. Rogers
You could activate that stop only 15-30 min after the trade opened. Maybe that solves the reentry's.
Hi guys,
I was reading something the other day re stops, can't remember where;
1. 3 bar trailing stop
2. 50 pips take profit
3. Price stalls for 60 mins
4. Double btm/top
Food for thought
Quoting superbem
You could activate that stop only 15-30 min after the trade opened. Maybe that solves the reentry's.
This is a very good and valid suggestion. And deifinetly one to consider when in a trade if it looks like things might be stalling.
"Keep your eyes on the helpers" - Mr. Rogers
Quoting Acko
Hi guys,
I was reading something the other day re stops, can't remember where;
1. 3 bar trailing stop
2. 50 pips take profit
3. Price stalls for 60 mins
4. Double btm/top
Food for thought
What is your 3 bar trailing stop?
"Keep your eyes on the helpers" - Mr. Rogers
If long- your stop would be at the low of the third bar back not counting current bar.
If short- it would be at the high etc....
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