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the key to the mint

  • #2,901
  • Feb 26, 2008 12:02am Feb 26, 2008 12:02am
Thanks Courtney. I think Ive got it.time will tell
Quoting courtneywild
Hi

On the hourly:its the close of that candle at the corss of ema's as a signal. I dont think you can enter after that. Mind you i have enterd on the candle following but no latter. Thats how I beleive it works but I am open to correction.

CW
FF journal: Peaks and Troffs
  • #2,902
  • Edited 6:23am Feb 26, 2008 12:07am | Edited 6:23am
I'd like to say "been there, done that" but the truth is I still sometimes do it. I think I'm all sorted and then do similar to what you did and beat myself up about it.Don't be too hard on yourself. I put it down to the discretion part of the system and vow to never do it. Shes a hard road, but thats why where paid the big money, eh?
Quoting Trader4Life
Good evening all!

Yesterday i posted the signals and IMO stated to avoid the GC short trade. At the close of the 7gmt bar was the first signal available to trade. Yes, it was the GC and I took it! I did end up placing at 25pip TP instead of a 30TP. We all know the end result of that trade ---- a looser!

All day I have spent time here and their during my busy schedule reflecting and thinking of how this happened. I read the charts and used discretion at around 8pm eastern time (New York) and then took a 3.5 hour nap to get up in time to trade the close of 6gmt bar. When waiting for the trade signal and took it at the close of 7gmt bar, i had completely forgot, blocked, ignored, etc what i had originally stated or my instinct told me to do. I even wrote it down in my trading journal to help guide me thru trading time. All day, i wish i had just set the TP at 15pip or wish i had gone back to sleep after close of 6gmt bar. I even looked at possibly getting into the trade at close of the 6gmt while the emas were 2 number values from crossing, but recall last week a trade set up was like this so close and turned into a looser in front of my eyes while saying it's great to have these rules and follow them! So, getting in just prior to the ema cross is a gamble and rules out justification just because it would have worked last night. I continued to think and ponder this trade loss to improve my skills as a MINT TRADER!

The bottom line was to trust my initial instinct and double check it 5minutes prior to close of a bar that may have a signal. Discretion is needed and not simply taking a trade to take a trade every evening, by the way which i did last week. My weak points are there and see them here and there a little. The true test is to see them, act upon them correctly, and with little emotion.

I hope my confession of last night's trade too all who read this will aid in my learning (and yours as well if you desire so)! I hope talking out, disecting, analyzing, reviewing actions, etc. will improve the MINT trading skills in larger leaps and bounds.

Sincerely,

T4L
FF journal: Peaks and Troffs
  • #2,903
  • Feb 26, 2008 1:23am Feb 26, 2008 1:23am
pity the emas werent crossed for the start of this candle on the g/j,everything else gave us a signal.

andrew
Survive & Preserve
  • #2,904
  • Feb 26, 2008 8:16am Feb 26, 2008 8:16am
T4L,

One thing I've found to do that helps me not get into that situation is to set up my monitor screen with pairs that I think are valid for the day's trading . . . when I do my evening analysis I move pairs that don't have signals or pairs that I don't think are high probability trades to the left side of the screen . . . that way, even if I forget why I moved them over there . . . I still won't trade on them. My valid pairs are on the right side of the screen.

It is a very elementary setup but it seems to work great for me.

Take care, AK
  • #2,905
  • Feb 26, 2008 1:04pm Feb 26, 2008 1:04pm
I went to bed at 07:00, it looked like there would be no signals last night. The EA took 6 trades for a total of +68! Mostly news driven it looks like. Not bad at all. Wish it could do that every night... I would be out of work.
  • #2,906
  • Feb 26, 2008 2:14pm Feb 26, 2008 2:14pm
Thanks Harold for a great system. I normally trade using the Cornflower system and breaks of peaks and troughs. I was scooting around the forum and came across this thread when it was quiet. What I like about it is the well defined rules for entry and exit, and also the time frame. It means a lot less screentime. I've done a bit of backtesting and found Autarets spreadsheets really helpful.Ive only been forward testing for a short while but the results are great and look sustainable.
Last night I had 30 pips each on gu,ej,cj and 50 on gj. lost 30 on gc and aj, for a net total of 80.All on demo. My live account I lost! I chickened out of a couple to early and didn't take gu.I didnt take aj either.With gu I thought I wouldn't take it because it was at resistance, the same with aj. they would have canceled each other out anyway.It looks to me that discretion should be kept to a minimum.Also trying to mix systems isn't always the best thing to do.
How did everyone else do in the last session?
Cheers, Bogus
FF journal: Peaks and Troffs
  • #2,907
  • Feb 26, 2008 5:59pm Feb 26, 2008 5:59pm
trade signals for 2/27. looks pretty much like a repeat from last night. long on all except short on gbp/chf. trade well.
Hej.
  • #2,908
  • Feb 27, 2008 1:55am Feb 27, 2008 1:55am
hi all,

maybe stupid ?? but ea what is it??

andrew
Survive & Preserve
  • #2,909
  • Feb 27, 2008 8:33am Feb 27, 2008 8:33am
andrewb7, ea means Expert Advisor. It is an automated trading program coded for a trading system. when you load the ea into your metatrader 4 and activate, it will automatically take trades based on the system it is written for.
Hej.
  • #2,910
  • Feb 27, 2008 10:21am Feb 27, 2008 10:21am
hey i was just wondering if anyone trades this system using the ATR14 to set sl and tp instead of a static 30?

i think someone mentioned awhile back they use the daily atr and divide by 5, then round to nearest 5 or 0 for tp/sl, just curious to see how this is working out.

*Got stopped out on CadJpy last night at 3:31am EST, loss of 30. Week Total +50
  • #2,911
  • Feb 27, 2008 11:41am Feb 27, 2008 11:41am
stoli7188, I believe TraderGeek used the atr14 for sl/tp in the latest version of the ea.
Hej.
  • #2,912
  • Feb 27, 2008 6:06pm Feb 27, 2008 6:06pm
trade setups for 2/28: looks like short on gbp/jpy & gbp/chf (oversold). long on the others. good trading.
Hej.
  • #2,913
  • Feb 27, 2008 6:36pm Feb 27, 2008 6:36pm
Hey All,

I need some help with this EA and I have no idea what I'm doing. It seems that sometimes it'll take trades, sometimes it won't. Last night for example, it didn't take a single trade. However, the night before, it took a trade on CJ. It also decided to get me into a trade at 4:50GMT (and yes, the EA is still set to the default 7-15GMT trade hours). Anybody else have this problem???

-Shaun
  • #2,914
  • Feb 27, 2008 7:19pm Feb 27, 2008 7:19pm
shaun365, are you running the latest version? it should be v5.http://www.forexfactory.com/images/attach/mq4.gifKeyToTheMint_v5_TG.mq4 (10.7 KB, 144 views)check it out.
Hej.
  • #2,915
  • Feb 27, 2008 9:55pm Feb 27, 2008 9:55pm
Quoting Stitch961
shaun365, are you running the latest version? it should be v5.http://www.forexfactory.com/images/attach/mq4.gifKeyToTheMint_v5_TG.mq4 (10.7 KB, 144 views)check it out.

Yep, running that. and I'm running the proper version of the DiNap. Stoch as well
  • #2,916
  • Feb 27, 2008 10:27pm Feb 27, 2008 10:27pm
shaun365, I don't know what the problem could be, it didn't act like that on my alpari mt4 platform. hopefully someone else has had the problem and can offer some help. I'll keep looking for something like that to happen, if I come up with anything I'll let you know.
Hej.
  • #2,917
  • Feb 27, 2008 10:39pm Feb 27, 2008 10:39pm
Quoting Stitch961
shaun365, I don't know what the problem could be, it didn't act like that on my alpari mt4 platform. hopefully someone else has had the problem and can offer some help. I'll keep looking for something like that to happen, if I come up with anything I'll let you know.
Sweet, thanks Stitch. If I manage to fix it by some miracle, I'll post as well.
  • #2,918
  • Feb 28, 2008 12:32am Feb 28, 2008 12:32am

thanks stitch961,

does it have 2 b loaded on meta4 or does it go with any platform?
i use gft dealbook 360 will it work on that one.

& do u use it all the time & is it as successful as manually doing it?

thanks andrew.

Survive & Preserve
  • #2,919
  • Feb 28, 2008 3:16am Feb 28, 2008 3:16am
hi stitch961

how do u download key 2 the mint version of the ea??
is there a page on this thread that explains it?

cheers andrew
Survive & Preserve
  • #2,920
  • Feb 28, 2008 8:31am Feb 28, 2008 8:31am
andrewb7, I run the v5 ea all the time even though it's set to take trades from 0700gmt until 1500 gmt. So far it has been successful, not as good as manual, but successful. The program was written for metatrader 4 so I don't know if it will work for the gft platform without re-coding.(probably not).I don't know what you mean by "key 2" but you will find "key to the mint ea doc.", which explains the ea, in the attachments tab - top of each page just to the right of the page numbers in this thread.( click on the little paperclip icon) I hope this helps. I'm not a "computer person" but I do use the ea and I have't had any problems with loading it or using it. If I find any more info I'll post. Trade well. Bob
Hej.
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