Dislikedi had to do somethig, so i cuold not trade. But looking at M15 Chart EURUSD gives clear trend setup
i wonder if its Ok if one schitches the TF from m5 to h1 if it looks better in the higher TF?Ignored
Peace
We all need pivots to win..yes or not? 13 replies
The System (Irony included) 1,175 replies
Dislikedi had to do somethig, so i cuold not trade. But looking at M15 Chart EURUSD gives clear trend setup
i wonder if its Ok if one schitches the TF from m5 to h1 if it looks better in the higher TF?Ignored
DislikedI can put a period separator on my charts in every hour/five minutes. If you can do this, it will make your life a lot easier.Ignored
Disliked+48 pips racked today on EU with this good setup , used 20 pips sl and 20 pips trailstop, unfortunately connection to broker was interrupted so trail stopped a little bit early but I'm happy with this result
The more I trade the more I like this simple and effective system , thx FebIgnored
DislikedNice trade Skyline. You've already constructed an EA for Feb's latest thread?
I see your Inter won.Ignored
DislikedHet Skyline
that's cool!!!! did you code something???
Sorry but I am totally naive on this stuff!!
Looks really nice
Glad I could helpIgnored
DislikedHere's a possible trade for EUR/USD
notice the distance between the pullback and the last low - around 29 pips
If you're going to place the stop stop around the pullback, risk/reward will be unbalanced - in case you're shooting for 20 ticks
There's many thing you could do
1) Increase your limit - maybe 40 ticks with a scale out at 20???
2) decrease your stop so it can match 20 ticks
3) place your stop behind the pullback, once you get a fill, trail the stop aggressively moving it manually at the top of every bar down
4) no trade - you have a setup of 20 and you're not going to risk more than that.
5) use an auto-tailing stop 1 tick at the time
old saying on the pits - "there's many ways to skin a cat"Ignored
DislikedThx for advice Feb !
I would add this :
6) You can still use the 'logical' stoploss above the pullback (around 30 pips) and set the lot accordingly so that the risk will be the same X% amount as previous trade (with X not more than 3% of equity).Ignored
Dislikedhey
that's a good one.....
I will definitely put it on the list
thanks a lot Sky!!!!
A side question for you
Is that trailing stop ea send the orders to the server?? you said that it trails the stop 1 tick at a time..so it's adjustable??
I am looking to trade the spot forex. We have on futures yen futures and swiss franc but I personally don't like them. That's one of the reason I am asking as I just started to look for platforms, brokers etc
Sorry for my naive questionsIgnored
DislikedThx Feb
That EA is designed only to manage a trade already placed manually on the server, btw it's adjustable infact it comes with external parameters : stoploss, takeprofit, trailingstop and risk% , in this way I only send the pending order (buy or sell stop) and the EA calculates automatically the SL ,TP and manages the Trailstop pips by pips.
If you want to test metatrader platform you can download from this link http://www.metaquotes.net/files/mt4setup.exe (it's free!)Ignored
DislikedCiao Skylline,
I am with you on this set up, it touched on the proir high in the ret. May get a move to the high of yesterday.
JarretIgnored