I have a suggestion if Mr. Nico would agree with me on that, what I want it to say is when we have a big moving day like what happened in Nov 7th, I would suggest lowering the TP from +100 to +50. Usually the market tries to test the lowest or highest point it of the previous day, and usually it rebounces from that point, there when we should CLOSE the trade. in Other word just lowering the TP would much more safer to get out of a trade with at least minumim profit instead having losing trades.
I have a suggestion if Mr. Nico would agree with me on that, what I want it to say is when we have a big moving day like what happened in Nov 7th, I would suggest lowering the TP from +100 to +50. Usually the market tries to test the lowest or highest point it of the previous day, and usually it rebounces from that point, there when we should CLOSE the trade. in Other word just lowering the TP would much more safer to get out of a trade with at least minumim profit instead having losing trades.
Correct me if I am mistaken.
BK
Ignored
I agree and i think is a good option the TP50 in days of big moving
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Commercial Member
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Joined Jan 2006
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so what you are saying is when price is 7 pips away ( the spread) you enter trade example: todays buy entry is 238.03 when bid is at 237.96/238.03 you enter right? this doesnt make sense why have a high and low and then call it a breakout since you enter before breakout
so what you are saying is when price is 7 pips away ( the spread) you enter trade example: todays buy entry is 238.03 when bid is at 237.96/238.03 you enter right? this doesnt make sense why have a high and low and then call it a breakout since you enter before breakout
Ignored
It's not my rule. I can't answer that.
This is how he backtested it.
I know that when a system is based on a specific TF, that it can be hard to figure it out in your own TF Zone...
I thought I had it figured as my platform runs in GMT (my Platform is always 2 hour behind my local time and I know 'm GMT+2), but apparently not, I checked my entries for today against Nicotina and had to make adjustments
So for GMT it is 18:59 Day1 to 01:59 Day2.
If this is correct, then super, if not please inform.
M&M
Edit: this is embarrassing, I had a look at the very first post of the thread, and it says 18:00 - 02:00, sorry guys
I know that when a system is based on a specific TF, that it can be hard to figure it out in your own TF Zone...
I thought I had it figured as my platform runs in GMT (my Platform is always 2 hour behind my local time and I know 'm GMT+2), but apparently not, I checked my entries for today against Nicotina and had to make adjustments
So for GMT it is 18:59 Day1 to 01:59 Day2.
If this is correct, then super, if not please inform.
Hi, Autotrade-fx, and thanks you Nicotina and others for this nice thread
I am a beginner, with EasyLanguage (and not really good!!!). Could you send me your EL program, if you want. I'd like to test this strategy with others pairs, and intent to built a multi pairs daily system. Thanks you for your response.
phab
i dont have much time to respond.
