Is no one of the capable coders in this forum willing to write an EA for this strategy? It seems really worth it to me, unfortunately i´m not able to code in mql.
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Dislikedtkimble- are you still using the original weekly entry you posted before or are you using the daily entry (without the 100 pip straddle spread in the beginning) for the weekly too?
thanksIgnored
DislikedStill no yet triggered on GBP/USD in case anyone still wondering when to enter, here's the setup again:
Buy Order: 1.9642 SL 1.9612
Sell Order: 1.9542 SL 1.9572Ignored
DislikedThere was a post earlier in this thread that offered the idea of skipping the 100 point straddle when using the weekly scalping system. This is something that I do with the daily scalping system and was thinking about altering for some time.
This week I have altered the weekly scalping trading model to enter the market immediately instead of waiting for the 100 PIP spread. Eliminating the straddle puts you into the market a bit earlier which is consistent with the daily scalping system and provides a greater degrees of correlation between the daily and weekly scalping models.
The initial Long or Short position is dictated by the close of the shortened Sunday market. If the Sunday market is up, go Long. If the market is down, go Short.
This is an example of one of the many ideas that have been suggested in this thread. Most are not consistent with my trading style but are worthy for consideration...
Happy Trading,
TkimbleIgnored
DislikedAmazing how we can help each other.
This is where i am and did:
GBP/Yen: My 4 hr/Daily chart told me that we were trending Long..
Entered my Daily and WEEKLY together at 238.22.
This afternoon, i closed my daily trade at 239.69 and re entered long for our next daily trade. Made pips on the first day, now move on. Trend is still up so we are long again. With my 40 pip stop.
The weekly Trade continues long.
On my daily trades i am risking 2% of my capital. Same on the Weekly. So now i have 4% total at risk. However, the weekly risk is significantly less than the daily at this time.
Looking at what could happen is a daily reversal which my daily trade will catch, however i would still be in my weekly trade. So the possibility that i will be 100% hedged during a significant daily downswing. I really like that about this "combined" Tkimble WD system. Trending weeks you are essentially double your position.....
GBP is similiar, however yesterday i entered short and reversed losing 6 pips on my daily for the day. Now Long on both daily and weekly.
On Mondays Weekly and daily are almost identical. It is on Tuesday that things change, mostly from taking profits, reeentering and having different stops now.
If i confused you, am very sorry. Bottom line, i think you can trade either daily or weekly and make money, but both together allows you better consistency, i believe.
Good trading..
Jim No.Ignored
DislikedProfits with this system typically occur during the Tuesday afternoon to Friday time frame unless you adopt the immediate entry such as used with the daily scalping system. This system will teach you patience...
Happy Trading,
TkimbleIgnored