How is it going for you ?
Dani M.
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DislikedHi vidal,
Look what they sent me by mail:
Dear Client
Power outage 17-06-08
Unfortunately we have experienced a major power outage in our building.
This has resulted in our systems going down temporarily.
We are working to get the systems up and running as soon as possible.
On behalf of ODL Securities we would like to apologize for any inconvenience caused.
ODL Securities Ltd
It is not the first time I had problems with them. They must take fast action to make their system redundant.
BR
Dani M.Ignored
Dislikedsonic,
I did some back testing, and found that the ATR(24) is suitable for us.
I use the 24 because on 1H I want to eliminate the low volatility sessions.
On 1H, We can use 2 X ATR(24) for SL, and 1 X ATR(24) for the first TP.
On 4H, We can use 1 X ATR(24) for SL, and 0.5 X ATR(24) for the first TP.
On 1D, We can use 0.5 X ATR(24) for SL, and 0.2 X ATR(24) for the first TP.
Take a look on the trades of the last two weeks, both winners and losers, and you will see.
BR
Dani M.Ignored
DislikedMax my friend, please call me Dani.
I will paste the ATR explanation form MT4 help :
Average True Range
Average True Range Technical Indicator (ATR) is an indicator that shows volatility of the market. It was introduced by Welles Wilder in his book "New concepts in technical trading systems". This indicator has been used as a component of numerous other indicators and trading systems ever since.
Average True Range can often reach a high value at the bottom of the market after a sheer fall in prices occasioned by panic selling. Low values of the indicator are typical for the periods of sideways movement of long duration which happen at the top of the market and during consolidation. Average True Range can be interpreted according to the same principles as other volatility indicators. The principle of forecasting based on this indicator can be worded the following way: the higher the value of the indicator, the higher the probability of a trend change; the lower the indicator’s value, the weaker the trend’s movement is.
Calculation
True Range is the greatest of the following three values:
difference between the current maximum and minimum (high and low);
difference between the previous closing price and the current maximum;
difference between the previous closing price and the current minimum.
Bye
Dani M.Ignored
Dislikedwow...thanks for ur reply Dani, really appreciate it. still dizzy and dont really get it, but will try hard to catch up..Ignored
DislikedSonic,
In 4HR TF, +3 GMT ODL chart, are the EA open short GBP/JPN? cause mine signal OK but no open trade at all.. wonder whats going on..
AttachmentIgnored
Dislikedhi sonic
been following your thread... downloaded v2.11 and noticed that the max orders is 10. your .doc file stated max orders=3. tried to change the value using complier but was denied access.
could you change the code to reflect 3? thanks.
have a nice day
memIgnored
DislikedI have same issue too...
May be due to "trade window" setting....
4H TF = 240 mins but trade window is first 10 mins only.....the rest of the 230 min...even the signal come in...EA will not open
Try change the window setting??
sonicIgnored