Hi Jarret,
the market chooped a little bit and my sl was hit
Ok no worry only 3% lost , I'll try again to find another good setup
German April ZEW -40.7, Current Conditions 32.0
- #202
- Apr 15, 2008 6:40am Apr 15, 2008 6:40am
- | Commercial User | Joined Jun 2006 | 1,578 Posts
Peace
- #203
- Apr 15, 2008 7:06am Apr 15, 2008 7:06am
- | Commercial User | Joined Jun 2006 | 1,578 Posts
Peace
- #204
- Apr 15, 2008 7:11am Apr 15, 2008 7:11am
- Joined Apr 2006 | Status: Metatrader Programmer | 1,422 Posts
in my opinion is better to stay put whenever news are coming out. Maybe you have a setup forming but the whole whiplash will screw it up for sure. I prefer for the smoke to clear before even look at the markets again
- #205
- Apr 15, 2008 7:18am Apr 15, 2008 7:18am
- | Commercial User | Joined Jun 2006 | 1,578 Posts
Peace
- #206
- Apr 15, 2008 7:23am Apr 15, 2008 7:23am
- | Commercial User | Joined Jun 2006 | 1,578 Posts
Yes you're definitelly right Feb, infact I didn't look at the news calendar otherwise I would stay out of that trade...ok another lesson learned
Actually I have some friends using chandelier stops like ATR stops for their trading. I have never use them but that might be a nice lil tool in order to keep you in the trade longer. Looks interesting
Peace
- #207
- Apr 15, 2008 7:43am Apr 15, 2008 7:43am
- Joined Apr 2006 | Status: Metatrader Programmer | 1,422 Posts
Yeah I hear you.....but don't get discouraged...well I know you have experience and things like this happens.
Actually I have some friends using chandelier stops like ATR stops for their trading. I have never use them but that might be a nice lil tool in order to keep you in the trade longer. Looks interesting
Yes there are a gazilion way to trail the stoploss with all the custom indicator freely available for metatrader but I like the old trailstop pip by pip
Thx for your kind words Feb , yes that's part of the game...sometime you win sometime you lose
Yes there are a gazilion way to trail the stoploss with all the custom indicator freely available for metatrader but I like the old trailstop pip by pip
Do you mind sharing your pip by pip trail stop tool or telling us where we can find something similar?
thanks
Unus pro omnibus, omnes pro uno
- #209
- Apr 15, 2008 8:21am Apr 15, 2008 8:21am
- Joined Apr 2006 | Status: Metatrader Programmer | 1,422 Posts
Skyline,
Do you mind sharing your pip by pip trail stop tool or telling us where we can find something similar?
thanks
..eheh ok I'm joking :surprised
- #210
- Apr 15, 2008 12:39pm Apr 15, 2008 12:39pm
- | Commercial User | Joined Jun 2006 | 1,578 Posts
Peace
- #211
- Apr 15, 2008 1:52pm Apr 15, 2008 1:52pm
- Joined Apr 2006 | Status: Metatrader Programmer | 1,422 Posts
Thanks for the indi, sky!!
had this resting order since this morning
filled at 1:32 PM EST Closed and 1:39 PM EST +21 ticks
And 'grats for your great +21 pips trade
Cheers,
Skyline
- #214
- Apr 15, 2008 5:44pm Apr 15, 2008 5:44pm
- | Commercial User | Joined Jun 2006 | 1,578 Posts
Peace
- #216
- Apr 16, 2008 3:07am Apr 16, 2008 3:07am
- Joined Apr 2006 | Status: Metatrader Programmer | 1,422 Posts
Feb,
I used one of the previous pullbacks as a swing high. Is this still a valid setup?
FORZA INTER
- #217
- Apr 16, 2008 5:12am Apr 16, 2008 5:12am
- Joined Apr 2006 | Status: Metatrader Programmer | 1,422 Posts
Skyline,
Gracias,
Oh I forgot to tell you that if you want to have a pip by pip trail using this EA you have to put Stoploss = TrailingStop (I usually put sl = trail = 20), so that when pips will start to go positive it will also start to move also the stoploss
Happy pips
P.S: banked today 41 pips using 25 sl (and trail) entering long @ 1.5900 eheh
You're welcome Moneda
Oh I forgot to tell you that if you want to have a pip by pip trail using this EA you have to put Stoploss = TrailingStop (I usually put sl = trail = 20), so that when pips will start to go positive it will also start to move also the stoploss
Happy pips
P.S: banked today 41 pips using 25 sl (and trail) entering long @ 1.5900 eheh
Thank you again for the info.... but I am a bit lost....I placed the EA in the Expert folder and it seems to have loaded succesfully....is this the right place to download it? Also, where to I make the change if I want to have pip by pip trail?....sorry for my ignorance
eventhough I have used EA's in the past, I have forgotten a lot of stuff so if you don't mind, can you or someone else tell me or point me to where I can find the steps to make this EA work for me? This is an important tool to have.... the IBfx people told me that their platform could not place or activate a trailstop initially unless I place a stop loss first with my predetermined pips(20) and only after my trade goes into profit the number of pips(20+) will the trailstop come into play.
Nice trade this morning!
Unus pro omnibus, omnes pro uno
- #219
- Apr 16, 2008 7:49am Apr 16, 2008 7:49am
- Joined Apr 2006 | Status: Metatrader Programmer | 1,422 Posts
Skyline,
Thank you again for the info.... but I am a bit lost....I placed the EA in the Expert folder and it seems to have loaded succesfully....is this the right place to download it? Also, where to I make the change if I want to have pip by pip trail?....sorry for my ignorance
This is an important tool to have.... the IBfx people told me that their platform could not place or activate a trailstop initially unless I place a stop loss first with my predetermined pips(20) and only after my trade goes into profit the number of pips(20+) will the trailstop come into play.
Nice trade this morning!
yes you have to copy the .ex4 file in the expert folder and you should be able to locate the EA in the navigator panel on the left of your platform. Just double click on it (or drag and drop on chart) and you should be able to see the EA on chart.
The EA is ready to work if there is a smiling face in the top rightmost corner of the screen. To change EA parameters simply press F7 and change them.
Regarding your issue with IBFX , there is no problem infact after you put manually your pending order (without set any sl nor tp) the EA will modify automatically them using stoploss and takeprofit that you set in the parameters.
P.S. : Be aware that EA will trail all active trades for pair where it is running !
Cheers,
Skyline
