The DIBS Method... No Free Lunch continues

Quoting NowAndLater

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Is your first TP equal in size to your original stop? I meant that you close 2/3 after a profit that is equal to half of the stoploss, this gives you a free ride and no profit locked. If you close 2/3 at 1:1 then you lock in a profit as well. My method (and that may be MPP's as well can't find that post) will help reach free ride sooner because I hate when winners become losers. I hate losing no matter what it is!
Yes adding to the position will be a nice feature too add to ones arsenal. Today UJ and UCHF both gave that opportunity, but I wasn't interested today.
No barbeque today, tooooo much meat and bear yesterday... Cheers

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Quoting NowAndLater

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To me it's valid enough if it's at the same lows. It was a breakout of the small range in the morning followed by a retracement in form of the IB or in Oksana's case TMLTB (TwoMatchingLowsTrendBreakout, look at James16 thread for more info), so I think it was a good trade. It's against the trend though, but it looks good for now as oil is going up.

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Quoting MPP

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here's the link page 46ish - wow how far have we come?
http://forexfactory.com/showpost.php...&postcount=678

regards

MPP

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Quoting NowAndLater

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Thanks MPP! You close 2/3 at 1:1 as that will also lock in profit. I'm looking to close 2/3 at half the risked pips, locking in no pips but reaching the free ride after being in profit only half of what we risk. So for example if we risk 20 pips, after 10 pips in proft we close 2/3 and keeping 1/3 at the initial stop. This gives (if it were to reach half the risk and then take us out): 2/3*10 - 1/3*20 = 0 or a free ride.
This way will give less %-age return on the investment I guess if there's a big run but perhaps helps minimizing the losses, and maybe it can be used in different occasions. Todays market might have been good with my thought, yesterdays market surely would have been better with yours. Maybe I'll use yours with the trend and against the trend I'll use mine.
Cheers

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Quoting Oksana17

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Here is the Exper Advisor I updated.
What I added is:
(1) The StopLoss is now at the previous high, in a sell, and previous low, in a buy; I also set an external parameter of how far the StopLoss is added to the high/low. Usually, the brokers don't allow the StopLoss to be less than 10 pips from entry. But I coded it so that it exits if it penetrates the IB high/low, while the EA sets a safety stoploss just 10 pips above/below the StopLossPastHighLow added to the high/low, just because the computer or connection might go off.
(2) If You want StopNReverse, just set the StopLossPastHighLow parameter to 0.

Hope You guys like it.

Warm regards,
Oksana17.

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Quoting NowAndLater

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Is your first TP equal in size to your original stop? I meant that you close 2/3 after a profit that is equal to half of the stoploss, this gives you a free ride and no profit locked. If you close 2/3 at 1:1 then you lock in a profit as well. My method (and that may be MPP's as well can't find that post) will help reach free ride sooner because I hate when winners become losers. I hate losing no matter what it is!
Yes adding to the position will be a nice feature too add to ones arsenal. Today UJ and UCHF both gave that opportunity, but I wasn't interested today.
No barbeque today, tooooo much meat and bear yesterday... Cheers

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Quoting trustGod1234

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thanks mate

question...does the EA place trades automatically

odd question? forgive me. just trying to go test it out for the next few days

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Quoting Oksana17

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Why wouldn't it place trades? Of course it does
Just make sure to set the inputs correctly.

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Quoting bujal38

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we got 1 IB at GY right now tf 4hr
reliability - high
reason - triple top + IB (shooting star IB) +
SL 210.5
TP - free ride until next 4 hr
i love broker that start @ 5 am (Malaysia time)
wallaby.... many IB @ tf 4hr......

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Quoting Alberto_Jazz

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Many thanks Oskana! Great Job!

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Quoting MPP

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not all EA's perform the same task, some are used to advise you of things, EA's are less processor intense than the visual effects of a dozen indicators, so some poeple create EA's to show a signal when the dozen indicators all do XXX.

i have one Ea that you place on 1 1hour charts, it will then alert you when 1 of the 18 selected pairs meet the trend criteria, all i'm seeing is a 1h chart, not all 18 - hope this helps clear up the question

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Quoting billbss

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If anyone is interested, here is a trailing stop I use a lot.
It came from Bill Williams, the alligator man.

Plot a 5 SimpleMA, offset by +3.

If you are long, get out when there are two consecutive closes below the MA, and the Low of the second closing candle is broken.

For shorts, get out when there are two consecutive closes above the MA, and the High of the second closing candle is broken.

Here is a chart of a GBP/JPY 4H long, I took using DIBS, yesterday.

My present SL is the heavy white horizontal line.
It's a long way off, but if price declines, there will almost certainly be another jumping off place.

There is also a chart of USD/CHF showing a long exit.

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Quoting bujal38

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bilbs,
if you dont mind...would you share the blue color indi in your chart...thanks

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Quoting bujal38

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bilbs,
if you dont mind...would you share the blue color indi in your chart...thanks

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Quoting bujal38

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we got 1 IB at GY right now tf 4hr
reliability - high
reason - triple top + IB (shooting star IB) +
SL 210.5
TP - free ride until next 4 hr
i love broker that start @ 5 am (Malaysia time)
wallaby.... many IB @ tf 4hr......

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