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High & Low 8 Hours (GBP/JPY)

  • #521
  • Nov 13, 2007 7:06pm Nov 13, 2007 7:06pm
Quoting harold4x
at the close of 0200 candle we put in pending orders to go long and short

It is actually at the close of the 0100 candle (01:59gmt)
  • #522
  • Nov 13, 2007 7:11pm Nov 13, 2007 7:11pm
Thanks Guys....

Hopefully today we see a winner....

-Kevin
  • #523
  • Nov 13, 2007 7:12pm Nov 13, 2007 7:12pm
i thought the times were 1800 to 200 gmt closes of candles
  • #524
  • Nov 13, 2007 7:19pm Nov 13, 2007 7:19pm
Hi Everyone,
First of all, I would like to thank mainly to Nicotina for sharing his system, billbss for clarifying so many items for everyone and to rest of guys here for contributing to this thread. It is highly appreciated. I am a newbie and have read tread from page one. However, I do have couple of questions and would really appreciate if you guys can answer them for others and myself. Here are my questions:

 

  1. Can EAs be used only in MetaTrader 4? (My current broker is forex.com not it is not using MetaTrader4. I opened demo account with northfinance.com and currently practicing)
  2. Can one EA be used in different broker’s website that uses MT4?
  3. I read help about EA in MT4. I followed the procedure to activate “!Dan-EA v29[1].3 ts-gbp-jpy_1t.mq4” ( this is the EA created by superbem, page 18 #259). However, it seems like it is not doing anything. This is the picture in my chart that I think it shows EA is active ( I could not add the picture)

So, can anyone share some kind of tutorial (preferably on “!Dan-EA v29[1].3 ts-gbp-jpy_1t.mq4”) ? It would be really nice if anyone can explain EA section by section. I know it is a lot of work but you will be blessed :-))).

4. What are the DayStartHour, StopShift and OrderExprationHours? Are they in GMT time or in your broker’s time frame?
5. Having said that I am a newbie, and with all of my respect to everyone, here is one thing about how we can improve this system if any

    1. TP and SL could be function of maximum and the minimum between 18:00GTM and 2:00GTM, and the current currency rate at 2:00 GTM (this might be possible by testing and optimizing tolls within MT4). Here are two examples( just made up values, my not make any sense)

Buy:230.00, Sell: 228.00, Rate at 2:00 GTM: 229.50 then TP: 50, SL:50

OR

Buy:230.00, Sell: 228.00, Rate at 2:00 GTM: 228.27 then TP: 150, SL:100

I appreciate your time

Respectfully,

  • #525
  • Nov 13, 2007 7:43pm Nov 13, 2007 7:43pm
I haven't created that EA, I only changed it to open the second order.
To make the EA running you have to certify if it appears a smiley face on right upper corner of the chart.
  • #526
  • Nov 13, 2007 7:49pm Nov 13, 2007 7:49pm
As of right now I see these numbers:

H 230.93

L 228.47

Just checking....

Thanks,

-Kevin
  • #527
  • Nov 13, 2007 7:53pm Nov 13, 2007 7:53pm
Quoting superbem
I haven't created that EA, I only changed it to open the second order.
To make the EA running you have to certify if it appears a smiley face on right upper corner of the chart.
Superbem,
Thanks for feedback.. Yes I have smiley face in my chart.. still not working. I will appreciate if you have any feedback for the other items in my previous post

Regards,
  • #528
  • Nov 13, 2007 7:58pm Nov 13, 2007 7:58pm
14/11/2007


Buy: 230.92
Sell: 228.48
  • #529
  • Nov 13, 2007 8:06pm Nov 13, 2007 8:06pm
nico when you say buy at 230.92 you mean when price on chart hits that number right? so entry would be 230.92/99 (7 pip spread) am i right
  • #530
  • Nov 13, 2007 9:35pm Nov 13, 2007 9:35pm
We´re in LONG

....

-Kevin
  • #531
  • Nov 13, 2007 10:46pm Nov 13, 2007 10:46pm
Quoting superbem
I haven't created that EA, I only changed it to open the second order.
To make the EA running you have to certify if it appears a smiley face on right upper corner of the chart.
Here is the snap shot from expert terminal it seems like it loaded the ea at 21:12:42 and then removed at 22:13:53 . Any help with that?
Attached Image (click to enlarge)
Click to Enlarge Name: Expert terminal.jpg Size: 73 KB
  • #532
  • Nov 13, 2007 11:21pm Nov 13, 2007 11:21pm
Quoting Fx97
Here is the snap shot from expert terminal it seems like it loaded the ea at 21:12:42 and then removed at 22:13:53 . Any help with that?
Can anyone tell me how to attach chart/picture to the post?
  • #533
  • Nov 13, 2007 11:56pm Nov 13, 2007 11:56pm
Stopped out on original long?? Adding second order buy stop at 230.91......
  • #534
  • Nov 14, 2007 12:01am Nov 14, 2007 12:01am
Holding off...added 15 pips to the new buy stop as 230.92 seems to me a major resistance level...if new candle opens above 230.92...it should proceed onward...otherwise be leery!
  • #535
  • Nov 14, 2007 12:39am Nov 14, 2007 12:39am
Quoting Colostarr
Stopped out on original long?? Adding second order buy stop at 230.91......

First one stopped out, but the second one is +40 for the moment, pray to hit

BK
  • #536
  • Nov 14, 2007 12:46am Nov 14, 2007 12:46am
With the way the GBP/JPY was treading water I was able to pick up 70 pips while I babysat this trade....

Nice...

-Kevin
  • #537
  • Nov 14, 2007 12:51am Nov 14, 2007 12:51am
Praying.....

Quoting bkoori
First one stopped out, but the second one is +40 for the moment, pray to hit

BK
  • #538
  • Nov 14, 2007 1:11am Nov 14, 2007 1:11am
Quoting Colostarr
Praying.....

lol
  • #539
  • Nov 14, 2007 1:42am Nov 14, 2007 1:42am
Hey don't laugh...it worked ...doubled my lots and my money!! ALL HAIL NICOTINA!! Bow before him!
Quoting bkoori
lol
  • #540
  • Nov 14, 2007 1:51am Nov 14, 2007 1:51am
hit the TP

Final result for today: -50+100=+50

BK
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