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Simplicity is the Key

  • #3,041
  • Edited 8:25am May 7, 2008 7:01am | Edited 8:25am
hello all,

i have some questions.

the 300 SL depents on a single pair or on the overall pairs traded? and if the SL will reach it will close only the loss trades and keep the profit trades open or will it close all open trades?

i wrote some EA systems and found out to use the ATR for the SL setting depents on which session it will trade. i then get better results.

how does the hedging work (i know what it is and how it work) with this EA and when will the EA open a hedging trade. does it depends how much the pair is in negative?

thanks for advice

PriNova
  • #3,042
  • May 7, 2008 1:49pm May 7, 2008 1:49pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
MIG Ultimate closed trades back to BE, +107pips on open trades.
MT4 Delight still in the hole down around 600pips, ouch.

Now will delight do as it has before and catch up????
  • #3,043
  • May 7, 2008 2:16pm May 7, 2008 2:16pm
Hello Folks,

We are slowly coming back. As MPP said we already encountered that before we are in a -500 pips hole but come back for a +600 pips before the closing of Friday. I will keep my finger crossed and i am noticing the market is now behaving the way it is behaving.
  • #3,044
  • May 7, 2008 2:22pm May 7, 2008 2:22pm
Quoting PriNova
hello all,

i have some questions.

the 300 SL depents on a single pair or on the overall pairs traded? and if the SL will reach it will close only the loss trades and keep the profit trades open or will it close all open trades?

i wrote some EA systems and found out to use the ATR for the SL setting depents on which session it will trade. i then get better results.

how does the hedging work (i know what it is and how it work) with this EA and when will the EA open a hedging trade. does it depends how much the pair is in negative?

thanks for advice

PriNova
The 300 sl is a protection to your account. it will never be hit. Yes on the hedging questions. You should read the theory of basket trading. I think i mentioned it somewhere about how the hedging works, in one of those postings that i could not remember, who can at this over 200 pages. Just look around.
  • #3,045
  • May 7, 2008 2:24pm May 7, 2008 2:24pm
Quoting WillemM
$3k 1:100 is too dangerous for 0.1 lots on Alpari is seems but its just demo so its good stress test.

Please tell me, why is 1:100 not good and 1:400 is? What advantages does the last one have above 1:100? And then I am referring to costs, profits, spread and margin call.[/quote]
Sorry to be sarcastic but this questions should be directed to the Forex Rookie Q&A forum.
  • #3,046
  • May 7, 2008 2:31pm May 7, 2008 2:31pm
Quoting trader101
Please tell me, why is 1:100 not good and 1:400 is? What advantages does the last one have above 1:100? And then I am referring to costs, profits, spread and margin call.
Sorry to be sarcastic but this questions should be directed to the Forex Rookie Q&A forum.[/quote]

Ok, but then: who must redirect overhere? And why is sarcastic needed to let know that it should be redirected? Is there something in my question that you do not like? For in this thread you mention a 1:400 leverage, so I still think the question is in place here. Is it not so, that on a severe DD a margin call will kill the account on high leverage much quicker than on a lower leverage? So I realy do not understand why being sarcastic is needed, where a simple answer could be given? Simple, for it is a rooky question, so a senior should not have much trouble in answering , is it?
  • #3,047
  • May 7, 2008 2:40pm May 7, 2008 2:40pm
Quoting MPP
MIG Ultimate closed trades back to BE, +107pips on open trades.
MT4 Delight still in the hole down around 600pips, ouch.

Now will delight do as it has before and catch up????
Currently down -153pips on Ultimate FXDD on all closed trades. I started the EA at 5:30pm ET Sunday with some good gains overnight but Monday mid-day started having huge drawdowns.
  • #3,048
  • May 7, 2008 3:05pm May 7, 2008 3:05pm
Quoting calculon
Currently down -153pips on Ultimate FXDD on all closed trades. I started the EA at 5:30pm ET Sunday with some good gains overnight but Monday mid-day started having huge drawdowns.
Correction: I'm currently testing Delight not Ultimate.
  • #3,049
  • May 7, 2008 3:07pm May 7, 2008 3:07pm
Quoting WillemM
$3k 1:100 is too dangerous for 0.1 lots on Alpari is seems but its just demo so its good stress test.

Please tell me, why is 1:100 not good and 1:400 is? What advantages does the last one have above 1:100? And then I am referring to costs, profits, spread and margin call.[/quote]

See post 3016 page 202 in this thread re leverage explanation.
  • #3,050
  • May 7, 2008 4:05pm May 7, 2008 4:05pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting calculon
Correction: I'm currently testing Delight not Ultimate.
Ultimate is back in profit, not a lot but it's getting there. and 2 days still to trade.

i like these new emoticons

delight is crawling back, but this always finishes stronger and for some reason they end the week almost the same

happy pippin
  • #3,051
  • May 7, 2008 4:13pm May 7, 2008 4:13pm
Quoting trader101
Ok, but then: who must redirect overhere? And why is sarcastic needed to let know that it should be redirected? Is there something in my question that you do not like? For in this thread you mention a 1:400 leverage, so I still think the question is in place here. Is it not so, that on a severe DD a margin call will kill the account on high leverage much quicker than on a lower leverage? So I realy do not understand why being sarcastic is needed, where a simple answer could be given? Simple, for it is a rooky question, so a senior should not have much trouble in answering , is it?
When we talk things here we expect that most of the people here understand the term we use. I do not like you making this thread longer and hard to read. If you dont understand PM people DOnot MAKE THIS THREAD LONGER AS IT BECAUSE OF OUT OF PLACE QUESTIONS,and why ask a question that you already know the answer. To be more sarcastic... THIS IS A COLLEGE FORUM NOT A KINDERGARDEN . i HOPE you fukcing understand. you start to get into my nerve, Go SOMEWHERE ELSE.[/quote]
  • #3,052
  • May 7, 2008 4:16pm May 7, 2008 4:16pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting trader101
Ok, but then: who must redirect overhere? And why is sarcastic needed to let know that it should be redirected? Is there something in my question that you do not like? For in this thread you mention a 1:400 leverage, so I still think the question is in place here. Is it not so, that on a severe DD a margin call will kill the account on high leverage much quicker than on a lower leverage? So I realy do not understand why being sarcastic is needed, where a simple answer could be given? Simple, for it is a rooky question, so a senior should not have much trouble in answering , is it?
When we talk things here we expect that most of the people here understand the term we use. I do not like you making this thread longer and hard to read. If you dont understand PM people DOnot MAKE THIS THREAD LONGER AS IT BECAUSE OF OUT OF PLACE QUESTIONS,and why ask a question that you already know the answer. To be more sarcastic... THIS IS A COLLEGE FORUM NOT A KINDERGARDEN . i HOPE you fukcing understand. you start to get into my nerve, Go SOMEWHERE ELSE.[/quote]

Chill out guys, the question was genuin at first, but simply miss represented.

so lets clear this up and put it to bed

if you have $1000 to place in an account 1:400 will allow you to hold more trades than 1:100
your pips cost on 1:400 is 1/4 of 1:100 thus you make less per pip and risk less per pip, but your profits grow slower also and shrink slower so less risk overall.

i hope this helps and will you both just drop this matter, i have limited knowledge on leverage so if more detail is needed post a question in the rookie forum.

enough said on this matter any T101 EA questions or input?
  • #3,053
  • May 7, 2008 4:19pm May 7, 2008 4:19pm
Quoting MPP
When we talk things here we expect that most of the people here understand the term we use. I do not like you making this thread longer and hard to read. If you dont understand PM people DOnot MAKE THIS THREAD LONGER AS IT BECAUSE OF OUT OF PLACE QUESTIONS,and why ask a question that you already know the answer. To be more sarcastic... THIS IS A COLLEGE FORUM NOT A KINDERGARDEN . i HOPE you fukcing understand. you start to get into my nerve, Go SOMEWHERE ELSE.
Chill out guys, the question was genuin at first, but simply miss represented.

so lets clear this up and put it to bed

if you have $1000 to place in an account 1:400 will allow you to hold more trades than 1:100
your pips cost on 1:400 is 1/4 of 1:100 thus you make less per pip and risk less per pip, but your profits grow slower also and shrink slower so less risk overall.

i hope this helps and will you both just drop this matter, i have limited knowledge on leverage so if more detail is needed post a question in the rookie forum.

enough said on this matter any T101 EA questions or input?[/quote]

well said MPP
  • #3,054
  • May 7, 2008 4:21pm May 7, 2008 4:21pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting goodness
Chill out guys, the question was genuin at first, but simply miss represented.

so lets clear this up and put it to bed

if you have $1000 to place in an account 1:400 will allow you to hold more trades than 1:100
your pips cost on 1:400 is 1/4 of 1:100 thus you make less per pip and risk less per pip, but your profits grow slower also and shrink slower so less risk overall.

i hope this helps and will you both just drop this matter, i have limited knowledge on leverage so if more detail is needed post a question in the rookie forum.

enough said on this matter any T101 EA questions or input?
well said MPP[/quote]

thank you, should have added, that thoughs wishing to can delete previous posts, either using the delete function or posting a request to the mods, lets keep the thread clean.
  • #3,055
  • May 7, 2008 4:23pm May 7, 2008 4:23pm
When we talk things here we expect that most of the people here understand the term we use. I do not like you making this thread longer and hard to read. If you dont understand PM people DOnot MAKE THIS THREAD LONGER AS IT BECAUSE OF OUT OF PLACE QUESTIONS,and why ask a question that you already know the answer. To be more sarcastic... THIS IS A COLLEGE FORUM NOT A KINDERGARDEN . i HOPE you fukcing understand. you start to get into my nerve, Go SOMEWHERE ELSE.[/quote]

Wow, such language on a simple question! What is this? We are on a forum here. This forum is not yours, it is from the members off which you are one. And even if your thread is very good and the EA's are very good it does not mean that you have the right to faul talk. So go and wash your mouth and grow up. I just asked a question in normal language, that is all. And if you think it is wise to work with leverage that big, than I hoped you could explain why, but it seems you cannot do that. Still if you are not willing or capable of explaining the pro and contra of it, it is not a good reason to react that childish. Speaking about kindergarten! And I will not go somewhere else, it is not yours to decide where I go or not go. If it is not a kindergarden, then I do not understand why you react like this.
  • #3,056
  • May 7, 2008 4:24pm May 7, 2008 4:24pm
Can we please get back to talking about the EA's?
  • #3,057
  • May 7, 2008 4:26pm May 7, 2008 4:26pm
Quoting hansel
Can we please get back to talking about the EA's?
Yes, I hope we can.
  • #3,058
  • May 7, 2008 5:03pm May 7, 2008 5:03pm
I totally understand trader101 and I was also tempted to react in a way I shouldn't.
The point is that very often people asking questions because they just didn't read the thread. When you read a question you immediately know whether he/she digged into the thread or is just too lazy.
Before I posted my first post I read at least the stuff where the discussion about the EA's started and these are many, many pages and takes a while. Maybe 2-3 days reading, but it is worth the effort because you learn so many things and understand the whole issue at least a bit.
So please before asking, do the homework, study at least the last 10 pages and than everyone will be thrilled to answer open questions.

SO lets go back to the EA

Antomi
  • #3,059
  • May 7, 2008 5:08pm May 7, 2008 5:08pm
Quoting antomi
I totally understand trader101 and I was also tempted to react in a way I shouldn't.
The point is that very often people asking questions because they just didn't read the thread. When you read a question you immediately know whether he/she digged into the thread or is just too lazy.
Before I posted my first post I read at least the stuff where the discussion about the EA's started and these are many, many pages and takes a while. Maybe 2-3 days reading, but it is worth the effort because you learn so many things and understand the whole issue at least a bit.
So please before asking, do the homework, study at least the last 10 pages and than everyone will be thrilled to answer open questions.

SO lets go back to the EA

Antomi

Yep. It took me at least a week in between my real life job just to read through the whole thread before I even started using the EA. If you don't understand the concepts behind everage there are other places where you can learn. This thread is specifically for discussing the EAs that trader101 is developing. If you want to learn there are other forums out there. If you are a total newbie go and read through http://www.babypips.com first.
  • #3,060
  • May 7, 2008 5:18pm May 7, 2008 5:18pm
Im sorry, guys I think i was out-of-line .. to WillemM - I am sorry to snap at you like this, very unbecoming of me. In the future, shot me a PM. we are trying to make this thread a little bearable to read. The way you quote, the posting is even wrong, and that creates an even more extra spaces and all of this can be learn in the beginning. As what antomi, was saying read at least the last 20 pages of the posting in that way we can discuss with a proper trend of thought. To all of you guys .. My apologies as well.. I will delete that objectionable posting and to keep this thread PG13...LOL
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