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Part Time Wealth Building Trading System - Weekly Scalping

  • #1,101
  • Feb 16, 2007 8:58am Feb 16, 2007 8:58am
Quoting petersurrey
Re: the above -I am also going to continue to manually trade the 2 lot ( TP1 @50, SL to B/E TP2 @100) system which has produced 290 pips in 2 weeks with minimal drawdown and compare with the EA..
You can do that with the EA. Open two charts, same pair, same time, add EA to both with different magics. Make chart1=TP+50, chart2=TP+100. Split your lot.
  • #1,102
  • Feb 16, 2007 9:11am Feb 16, 2007 9:11am
Quoting ut2DaMax
Do I use this as code for SBFX:

EntryTime Hour = 00:00;
ExitTime Hour= 23:00;

Or this as code for SBFX:

EntryTime Hour = 0;
ExitTime Hour = 23;
Because EntryTimeHour and ExitTimeHour are declared as integers, you would need to go with the second set.
  • #1,103
  • Feb 16, 2007 9:32am Feb 16, 2007 9:32am
Quoting Al_Have1
You can do that with the EA. Open two charts, same pair, same time, add EA to both with different magics. Make chart1=TP+50, chart2=TP+100. Split your lot.
Thanks Al -that's if my platform doesn't blow up with all these EA's -I used to know someone who traded EAs on 4 different PC's to spread the load!
  • #1,104
  • Feb 16, 2007 9:58am Feb 16, 2007 9:58am
Hello petersurrey,

i have open 6 pairs with 6 EA, and 3 with an other EA logic. That are 9 EA without any problem.

I have only an old 2800 Athlon for this. Maybe this info help.

Cheers
Mobsie
  • #1,105
  • Feb 16, 2007 10:20am Feb 16, 2007 10:20am
Quoting anamy
Because EntryTimeHour and ExitTimeHour are declared as integers, you would need to go with the second set.

anamy - thats what I am using ..... maybe its something else in Rhythm that is causing me all loses when I use it. Thanks for the help!

I may give up on Rhythm unless I have a Coder check the code.
The latest version .... of Rhythm is not working properly ... and has many glitches still.
  • #1,106
  • Feb 16, 2007 10:48am Feb 16, 2007 10:48am
Quoting Mobsie
Hello petersurrey,

i have open 6 pairs with 6 EA, and 3 with an other EA logic. That are 9 EA without any problem.

I have only an old 2800 Athlon for this. Maybe this info help.

Cheers
Mobsie
Thanks Mobsie -I am also running a Oanda platform on my desktop which is about reaching the RAM limit
  • #1,107
  • Feb 16, 2007 12:24pm Feb 16, 2007 12:24pm
Quoting ut2DaMax
anamy - thats what I am using ..... maybe its something else in Rhythm that is causing me all loses when I use it. Thanks for the help!

I may give up on Rhythm unless I have a Coder check the code.
The latest version .... of Rhythm is not working properly ... and has many glitches still.
Try a demo on FXDD or IBFX see if you still get the same problems. My orders are executing properly with these.
  • #1,108
  • Edited 2:29pm Feb 16, 2007 2:18pm | Edited 2:29pm
I havn't given up. Did some testing and both of the following entries, and the both work for me now. With or without the + added ... thought that would be right since SBFX is GMT+2 ....................... anyone know which is best +2; 2; Could not just 2; not be confused with 10pm or 2am ..... well I am .... maybe the EA isn't confused ...LOL ... GMT-2 = -2 ?


extern int EntryTimeHour = +2;
extern int EntryTimeHour = 2;


I will have to see though if it closes at 23:00 hours or not and when exactly the orders start if left to run all the time.


I have a question .... since ite set at:

extern int ExitTimeHour = 23;

That means it should close any trades at > GMT + 02:00 = 5:00pm EST, < {GMT 00:00 7:00 pm}

Right so far or am I confused still how this time thinggy works?


Another thinggy .... the print on the left top for the EA flickers a lot .... is there a reason for this. This is the first EA that does this for me.

I do have some problems with SBFX .... yes .... everytime I download an update .... afterwards when opening the program it freezes for say 2 minutes before it works. So I have had to uninstall now twice and need to again which will be the third time. It works ok .... but it freezes every time I reload MT4. Anyone else have this problem with any MT4 Platform or SBFX?


I have just created different EA settings until it suits my fancy.


Is there any way this line below can be made for either Long or Short if not I need two EA's to work the overide settings ........

I use this for Short now .....................
extern bool OverruleDirection = true;
extern bool DirectionLong = false;

And use this for Long now .....................

extern bool OverruleDirection = true;
extern bool DirectionLong = true;

Could it not be done so I can choose either direction? like ...........

extern bool OverruleDirection = true;
extern bool DirectionLong = false ; true;

any coders know how to do this ..last line above???


Thanks very much ... all you helpful financial souls ... !!!
  • #1,109
  • Feb 17, 2007 7:31am Feb 17, 2007 7:31am
Can anyone tell me what the final results were for this past week? Thank you!
  • #1,110
  • Feb 17, 2007 8:07am Feb 17, 2007 8:07am
  •  Trader#0000
  • | Status: Unregistered Trader
Quoting G550
Can anyone tell me what the final results were for this past week? Thank you!
I was about breakeven on G/U (I do take partial profit though). I guess the original would give about 100-150 pips loss. The G/J was great though. About 350 pips profit.
  • #1,111
  • Feb 17, 2007 8:17am Feb 17, 2007 8:17am
Quoting G550
Can anyone tell me what the final results were for this past week? Thank you!
Very approximately trading the original tk systems:

daily... GU B/E GY+300

weekly GU-250 GY+300

..so about +300 pips overall - pretty good for a very mediocre week on the GU.


Trading 2 lots taking partial profits at 50 and 100, +40 on GU weekly.
  • #1,112
  • Feb 17, 2007 10:11am Feb 17, 2007 10:11am
Quoting ForexDude2
I was about breakeven on G/U (I do take partial profit though). I guess the original would give about 100-150 pips loss. The G/J was great though. About 350 pips profit.
Are you using the original straddle or daily method for entry? thanks!!
CRAIGSLIST BARTERING CHAMPION
  • #1,113
  • Feb 17, 2007 2:35pm Feb 17, 2007 2:35pm
Too bad for me... about 150 pips down on cable.

Again... Would it be effective to split lots btw GBP/USD and GBP/JPY?

Gosh, it is hard to control all those entry and re-entry points.
  • #1,114
  • Feb 17, 2007 2:55pm Feb 17, 2007 2:55pm
  •  Trader#0000
  • | Status: Unregistered Trader
Quoting hondakorn
Are you using the original straddle or daily method for entry? thanks!!
I use my own discretion. For example this week I'll probably enter with a short on G/U and a long on G/Y. If I had to choose between those 2 though I'd use the Daily for entry.

I'm also looking at the possibility to use USD/CHF this week instead of GBP/USD cause there are some chances that it will range trade again.

The Yen should stay volatile with BOJ meeting. If they hike rates it could go down some more. If they don't, all the carry traders could jump in again.

I'm trying to combine a little funny-mentals with the weekly method as you probably noticed
  • #1,115
  • Feb 17, 2007 2:59pm Feb 17, 2007 2:59pm
  •  Trader#0000
  • | Status: Unregistered Trader
Quoting --Id--
Too bad for me... about 150 pips down on cable.

Again... Would it be effective to split lots btw GBP/USD and GBP/JPY?

Gosh, it is hard to control all those entry and re-entry points.
Yes, I think its less riskier than doing only one pair. Be careful though, trade only what you can afford to lose because some weeks they both range trade.

It wasn't that hard this week, it took only 2 trades for the G/Y.
  • #1,116
  • Feb 17, 2007 3:42pm Feb 17, 2007 3:42pm
Quoting ForexDude2
Yes, I think its less riskier than doing only one pair. Be careful though, trade only what you can afford to lose because some weeks they both range trade.

It wasn't that hard this week, it took only 2 trades for the G/Y.
Happy for those trading G/Y... i was G/U! Ouch! let's see next week.
  • #1,117
  • Feb 18, 2007 9:31pm Feb 18, 2007 9:31pm
Anyone long at this point?

I'm now long for the week...
  • #1,118
  • Feb 19, 2007 12:00am Feb 19, 2007 12:00am
marcf, im presently long starting off the week at approx. 1.9546 since i have a close of last week of 1.9596, lets see how much it will range this week huh..
jeremya
  • #1,119
  • Feb 19, 2007 6:00am Feb 19, 2007 6:00am
Ok, guys, don't know about you, but I need some sleep during the night. Now I am in GMT-3, and last night I got two enter signals from my alarms, which means I woke up two times during the night!

This is the only reason I need to automize TK's system.

StrawStock, or anyone willing to answer, does your EA operate STRICTLY on TK's weekly method? Can I tweak it to do so?

Thanks!
  • #1,120
  • Feb 19, 2007 6:26am Feb 19, 2007 6:26am
Sorry for that... I think it was Skylines' EA, wasn't it?
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