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  • #3,521
  • Apr 10, 2008 9:43am Apr 10, 2008 9:43am
Hi Willem, thanks for your quick reply!

I really enjoyed my paper analysis but I would be needing cardiac treatment if I ever tried it live, tee hee!! I agree, 1 min isn't for the faint-hearted! I always thought 5 min was fast and whipsaw-ish, but it's a stately old lady compared to the 1 minute!! I shall stick to 5 mins and 4hrs I think for live trading. I'm just enjoying learning again, and hopefully the pieces of the puzzle are slowly fitting together now!

Back to my studies, page 112 now!

Rebecca,x.
May all your pips grow into great big fruitful trees
  • #3,522
  • Apr 10, 2008 10:34am Apr 10, 2008 10:34am
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  • #3,523
  • Apr 10, 2008 11:20am Apr 10, 2008 11:20am
rebeca:
thx for the posts .it was easy english this time and some points:
1-i never saw a big movment on eu after rate decision.(only when trichet speaking)
2-i use m1 chart only in fast moving market and very important news and go BE as soon as it possible .fore example there was a possibility to sell eurusd around 5790 in m1 chart after price breaked down the 5810 level.i also like a TL supports my trade when i use m1 chart.
3-be very carefull about R:R ratio when u use m1 chart .i think it should never be more that 1:1
4-hope u good trades
  • #3,524
  • Apr 10, 2008 11:45am Apr 10, 2008 11:45am
Quoting Phillip Nel
Info
Beauty - hope somebody caught it, I was out for a visit
Willem Forex recipe for success = Patience, discipline & hard work.
  • #3,525
  • Apr 10, 2008 12:05pm Apr 10, 2008 12:05pm
Here is the new version of Artemis_Sitter EA (v1.30).
What’s new in this version:

-Fixes a bug which prevented the EA to run correctly if the EA’s settings were not correctly set and which unfortunately did not display any message. This is why the EA did not work if for example the TPs were not set correctly according to the Lot.Size / Take.Out ratio.
-Fixes a (small) bug when trailing a position with the use of a moving average. The spread was added to the wrong side.
-Adds a manual Stop & Reverse feature which allows the closure of a currently opened position and initiation of a new position in the opposite direction. This is done by pressing Alt+R
-Adds an automated Stop & Reverse feature based on the Parabolic Sar indicator which is fully configurable in the EA’s parameters

The user’s guide has been corrected to reflect these changes and more detailed info was added for the very important inputs.

Yannis
Attached File(s)
File Type: zip Artemis Sitter v1.30.zip   577 KB | 1,617 downloads
  • #3,526
  • Apr 10, 2008 7:33pm Apr 10, 2008 7:33pm
Just an observation about the spikey cable. These are both 5min charts for the EURUSD and the USDGBP with an ATR set at 1. The level on the ATR is set at .0020 or 20 pips. The cable gets a lot more spikes in that range which either may mean you're getting stopped out more or hitting your profit target sooner, either more volatility.

For the past few days the four majors plus the EURJPY have been trending well during the NY session which brings me to a question. I know they don't do this all the time but during these times, why trade all the pairs and instead just follow one pair to trade? I had these up and running the past few days, still studying, and looking a little deeper into things, and I was thinking why jump from more than one pair and instead just focus on one? Please fill me in. Also, is there a pair that moves in it's own direction and doesn't follow the EURUSD either with it or opposite? In other words if the EURUSD is trending up or down 'this pair' could be flat or mildly trending and when the EURUSD is flat 'this pair' could be trending well. I've played the GBPJPY a few times but that thing is wild. Any suggestions???
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  • #3,527
  • Apr 11, 2008 12:33am Apr 11, 2008 12:33am
Quoting ithorror
Hey Xaron m8. Reading your posts I see my trades almost My trading style almost the same! Hehe. The only difference in SL, I use 20pips. I saw several times If the pair beat 20pip level then with a great success it will hit 30pip so I left it at 20. And last time I added macd smoothed setup in my trade, I found it mostly usefull. Thanks to Phil and Golfer and other m8s who contribute to this great thread!

P.S. Xaron, looking at ur todays trades espec. GBPUSD I see a sign of possible reversal right after u enter ur 2nd trade - see the tail that penetrates 21MA? Previous high only touched it and then it crossed so it's possible b/e. What I do if the pair goes -10pip? I'm out when it's only possible at b/e (usdjpy). That's what I saw there, my 2cents.
Thanks ithorror! I think you're right with your 20 pips sl. Will give it a try. If I look at my past trades it won't really matter if I had used 20 or 30 pips...

Regards - Xaron
  • #3,528
  • Apr 11, 2008 1:08am Apr 11, 2008 1:08am
Quoting Yannis
Here is the new version of Artemis_Sitter EA (v1.30).
What’s new in this version:

-Fixes a bug which prevented the EA to run correctly if the EA’s settings were not correctly set and which unfortunately did not display any message. This is why the EA did not work if for example the TPs were not set correctly according to the Lot.Size / Take.Out ratio.
-Fixes a (small) bug when trailing a position with the use of a moving average. The spread was added to the wrong side.
-Adds a manual Stop & Reverse feature which allows the closure of a currently opened position and initiation of a new position in the opposite direction. This is done by pressing Alt+R
-Adds an automated Stop & Reverse feature based on the Parabolic Sar indicator which is fully configurable in the EA’s parameters

The user’s guide has been corrected to reflect these changes and more detailed info was added for the very important inputs.

Yannis
Yannis, great work with this ea, I sent you an email about seting also an option to ad trailing stop targets to move the stop loss. Also will be great to be able to set variable position sizes when closing TP example: at TP1 close .5 at TP2 close .3 at TP3 close .2 and finally let .1 to trail either by MA or set of pips.
The more obstacles I overcome the better man I become.
  • #3,529
  • Apr 11, 2008 1:12am Apr 11, 2008 1:12am
Hi Palmer

I had to think twice about your post - see my comments in your message

Quoting Palmer
Just an observation about the spikey cable. These are both 5min charts for the EURUSD and the USDGBP with an ATR set at 1. The level on the ATR is set at .0020 or 20 pips. The cable gets a lot more spikes in that range which either may mean you're getting stopped out more or hitting your profit target sooner, either more volatility.

Agree - that is why I do have a 30pips SL now on my EA from Yannis. And it the market is trending, I'll exit half and run the other half along the 21 (still to be tested). I don't knwo how pratical that will be on this 5 min system because I still believe in Phillip's orginal rule of 10pips. I think this is a 10pip system.

For the past few days the four majors plus the EURJPY have been trending well during the NY session which brings me to a question. I know they don't do this all the time but during these times, why trade all the pairs and instead just follow one pair to trade?

That is what I am doing. I usually have my 3 charts open on one screen. I do close one of two charts if nothing is going on.

I had these up and running the past few days, still studying, and looking a little deeper into things, and I was thinking why jump from more than one pair and instead just focus on one?

Like I've discussed above. i do wait for a specifc price action to appear - then I do "zoom" in on that pair. Every now and then I'll open the other charts just to have a look. The reason why I sometimes makes comments on Skype on the other pairs while we are watching one pair.

Please fill me in. Also, is there a pair that moves in it's own direction and doesn't follow the EURUSD either with it or opposite? In other words if the EURUSD is trending up or down 'this pair' could be flat or mildly trending and when the EURUSD is flat 'this pair' could be trending well. I've played the GBPJPY a few times but that thing is wild.

Too wild for me - tx

Any suggestions???
Hope it make sense.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #3,530
  • Apr 11, 2008 2:48am Apr 11, 2008 2:48am
Quoting bshadroo
rebeca:
thx for the posts .it was easy english this time and some points:
1-i never saw a big movment on eu after rate decision.(only when trichet speaking)
2-i use m1 chart only in fast moving market and very important news and go BE as soon as it possible .fore example there was a possibility to sell eurusd around 5790 in m1 chart after price breaked down the 5810 level.i also like a TL supports my trade when i use m1 chart.
3-be very carefull about R:R ratio when u use m1 chart .i think it should never be more that 1:1
4-hope u good trades
Glad my English was easier, sorry for any earlier confusions! I feel so comfortable in this community of Phillip's that I forget we are all so far apart and will use my 'English' english, as opposed to International english!! We have so many accents and expressions in the UK, and when we are relaxed and comfortable we usually fall into our lazy regional english. I really will try to be careful for the sake of all you international traders. I have nothing but admiration and respect for the way you follow these conversations and write perfect english messages in return!

I looked back at the charts and I think that what I see as a big move is because of the size of the candle, but looking across to the numerical scale on the right, the actual number of pips is not so much. I have only just stepped into this lower TF from the 4 hr charts, and must get used to the difference in scale. What I think may have been a big move, may be perfectly normal and insignificant in relation to a higher TF. Something I must get used to!

R:R is always a top priority for me. Money management is always the first and last thing on my mind! This is also something I must get used to in terms of differences in scale. Trend lines seem invaluable here, as are the pivot points, far more so I think than in the 4hr. I think I shall leave the 1 min until I am fully comfortable with the 5 min system.

Thanks for your advice, and good trading to you too

Rebecca,x.

PS, Palmer, I have only been here for a few days and am still learning, but rhythm is harder to follow here due to the greater whipsaw behaviour of the lower TF's. When demo trading this (not paper, that was just for fun yesterday) I have so far just looked at one pair. I analyse 3 on a daily basis, GBP/USD, EUR/USD, and USD/JPY. I decide in the morning which pair looks most likely to be tradeable during the day ahead, and then concentrate on that one only. I close the other two charts so I can't be tempted to just have a quick look! It does mean I miss some good moves on the others at times, but I've found that when jumping around between charts I get distracted and confused and make poorer judgements because I haven't been following the rhythm of that pair during that day. I can't answer your question regarding non-related pairs, but I shall be interested in the answer when it comes!
May all your pips grow into great big fruitful trees
  • #3,531
  • Apr 11, 2008 5:30am Apr 11, 2008 5:30am
I'm back on track, made about 2% today.

EUR/JPY
#1: Entry was ok, but got stopped out.
Short at 161.006
Closed at 160.806: -20.0 pips

http://www.xaron.net/dl/fx/2008/intr...jpy_110408.png

EUR/USD
#1: Wow... I closed my first half of the position very fast, cause there was some kind of choppy market. But after that...
Long at 1.57743
1st half closed at 1.57791: +4.8 pips
2nd half closed at 1.58380: +63.7 pips
#2:
Long at 1.58266
1st half closed at 1.58340: +7.4 pips
2nd half closed at 1.58276: +1.0 pips

http://www.xaron.net/dl/fx/2008/intr...usd_110408.png

GBP/USD
#1: Should had gone short at 1.9751 (pivot). Got out luckily with small loss...
Short at 1.97326
Closed at 1.97366: -4.0 pips

http://www.xaron.net/dl/fx/2008/intr...usd_110408.png

USD/JPY
#1:
Short at 101.992
1st half closed at 101.958: +3.4 pips
2nd half closed at 101.982: +1.0 pips
#1:
Short at 101.779
1st half closed at 101.713: +6.6 pips
2nd half closed at 101.769: +1.0 pips

http://www.xaron.net/dl/fx/2008/intr...jpy_110408.png

Regards - Xaron
  • #3,532
  • Apr 11, 2008 5:55am Apr 11, 2008 5:55am
Quoting Xaron
I'm back on track, made about 2% today.

Regards - Xaron
Nice work Xaron! But today I'm rest, hard night was with my child crying
From monday I'll post my trades too...

Every1 goodluck!
  • #3,533
  • Apr 11, 2008 6:02am Apr 11, 2008 6:02am
Quoting ithorror
Nice work Xaron! But today I'm rest, hard night was with my child crying
From monday I'll post my trades too...

Every1 goodluck!
Ha! I know what you mean. My boy (2 years) doesn't sleep so well... Unfortunately...

How old is your child?

Regards - Xaron
  • #3,534
  • Apr 11, 2008 6:30am Apr 11, 2008 6:30am
Thanks Willem.

Congrats on your success Xaron, as usual
  • #3,535
  • Apr 11, 2008 8:58am Apr 11, 2008 8:58am
Quoting Yannis
Here is the new version of Artemis_Sitter EA (v1.30).
What’s new in this version:

-Fixes a bug which prevented the EA to run correctly if the EA’s settings were not correctly set and which unfortunately did not display any message. This is why the EA did not work if for example the TPs were not set correctly according to the Lot.Size / Take.Out ratio.
-Fixes a (small) bug when trailing a position with the use of a moving average. The spread was added to the wrong side.
-Adds a manual Stop & Reverse feature which allows the closure of a currently opened position and initiation of a new position in the opposite direction. This is done by pressing Alt+R
-Adds an automated Stop & Reverse feature based on the Parabolic Sar indicator which is fully configurable in the EA’s parameters

The user’s guide has been corrected to reflect these changes and more detailed info was added for the very important inputs.

Yannis
Yannis, If I place the popup.dll in C: the ea doesn't work. I took it out and it works. Is that ok ?
The more obstacles I overcome the better man I become.
  • #3,536
  • Apr 11, 2008 9:01am Apr 11, 2008 9:01am
Thanks Palmer! Ah and thanks Willem as well!

Regards - Xaron
  • #3,537
  • Apr 11, 2008 10:40am Apr 11, 2008 10:40am
Quoting sevejose
Yannis, If I place the popup.dll in C: the ea doesn't work. I took it out and it works. Is that ok ?
Well the popup.exe and the popup.dll are supposed to be there to pop up a nifty alert in the bottom right corner of the screen like MSN so i doubt it interferes otherwise with the EA they are misplaced or even missing. Then again i didn't check that eventuality :-)
All i know is that despite the files are placed in my root folder (C:\), the popup doesn't work either - it used to - but the EA does. I monitor 6 pairs per computer without any problem.

Yannis
  • #3,538
  • Apr 11, 2008 12:11pm Apr 11, 2008 12:11pm
My boy is 1,5 yrs old!

Well, I have 2 nights before he'll back home and again will sometimes terror me at nights . It's ok, the childs cry is a nature irritant!
  • #3,539
  • Apr 11, 2008 12:43pm Apr 11, 2008 12:43pm
Almost a classic trade in a quite market this afternoon.
Attached Image (click to enlarge)
Click to Enlarge Name: 20080411 5min trade 1jpeg.JPG Size: 94 KB
Willem Forex recipe for success = Patience, discipline & hard work.
  • #3,540
  • Apr 11, 2008 12:59pm Apr 11, 2008 12:59pm
A nice 3 little sisters pattern late Friday afternoon
Attached Image (click to enlarge)
Click to Enlarge Name: 20080411 3little sistersjpeg.JPG Size: 91 KB
Willem Forex recipe for success = Patience, discipline & hard work.
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