101 i too was in the long trade overnight and the profic lock ea said i had locked in the $310. when i woke up this morning it actually closed it out at $289.5
Not complaining about the $289.5 at all!!!!!
Just the opposite!! love making money while i sleep
just wondering why it closed it out so late? why not at the $310?
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The task of closing 14 trades for the server is different than closing just pairs. AS what Ben mentioned by the time bet the first close to the last close a few ticks had happend the certainly affect the profit till the last close. That is the reason why i made it $310 and the like the $10 are suppose to be the slip but perhaps that situation occur when the server was a bit busy, many ticks have elapse already since detection to exxecution. Also you must remember that the closing is triggered by the EA different when you have SL or TP already in the server where it is quick, Ours we have to fight with everyone else for the server attention. To date MT4 has no TP function base on profit. What i did i think was the first, youve seen, thinking outside the box. On the sequence of closing,i stil think preset manner is still the same, as they nobody knows what is the next tick will be, will it favor us or the broker. No one knows.
I fell very tired of all the"methods", but this one makes me smile!
Trader101 keep up the good work, and EAprog I can wait for EA!
My thougt on the method is that it is more secure and profitable
to trade this in a way that as soon you have 20-50 pips profit you close
all the trades, and if criteria is still good open another set..etc....
Today I have had a strong buy indication, and I manage to open more
than 20 buyall sets, each set lasted about few minutes, but all of them
was closed in profit betwen 20-50 pips!
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Not advisable IMHO.. 20 pips for a spread of 77 pips not a good ratio. However better than a negative number.
The task of closing 14 trades for the server is different than closing just pairs. AS what Ben mentioned by the time bet the first close to the last close a few ticks had happend the certainly affect the profit till the last close. That is the reason why i made it $310 and the like the $10 are suppose to be the slip but perhaps that situation occur when the server was a bit busy, many ticks have elapse already since detection to exxecution. Also you must remember that the closing is triggered by the EA different when you have SL or TP already in the server where it is quick, Ours we have to fight with everyone else for the server attention. To date MT4 has no TP function base on profit. What i did i think was the first, youve seen, thinking outside the box. On the sequence of closing,i stil think preset manner is still the same, as they nobody knows what is the next tick will be, will it favor us or the broker. No one knows.
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Thanks for the explination. I figured this was the answer. I love this thing. Great job. Hope everyone keeps up the good work and keep the thread going. I will b doing all I can to help out
i understand the hows and the whats, and though i'm not trading the past many weeks, i frequent the forum for ideas and logic that i can apply to my own system. just a matter of suiting a system to a trading personality, than the other way around.
now i'm more curious about the whys of this system. what makes it tick? why does it work? obviously such a powerful system is built on a great understanding of how the currencies, hedging and trend reversals work. to me, that's what's most interesting.
keep it up!
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thanks Rael-- You right familiarity of those mentioned are essential whihc can only be acquire after blowing a lot of accounts ...LOL
To the rest of you who make post but were not replied upon..
Thanks for your trust in this system. OPPs.. I think its about time i will ask everyone to RATE this THREAD, i want our thread to have those STARS like the others. Since most of you are saying this is entirely a new concept as what forexflash says "It makes me SMILE"...
I would really like to understand this better and cobble one good EA together that trades this correctly with IBFX, but I will be at a wedding this weekend, going away the weekend after that, and as such won't be able to get to it for a couple of weeks.
An EA can watch phantom trades by pretending trades got opened on the 14 currency pairs (the ones identified as good for IBFX), track how they would be doing, then open trades as appropriate. This will be complex. I have the MQ4 programming chops to easily implement whatever is necessary, but I don't yet fully understand the strategy. That part will come when I have more time to devote to it. Then it's a matter of taking the additional time to firm up the implementation.
When it's done, I'll share the EA with everyone here and make refinements as you all have a chance to test it.
101
i HAVE BEEN SHORT FOR ALMOST AN HR. I WOULD HAVE BEEN IN POSITIVE PIPS IF NOT FOR BUYING EURUSD AND CHF JPY. WHEN EVERYTHING IS SELL WHY JUST BUY THOSE TWO CURRENCIES. I DONT UNDERSTAND.
tHANKS
KRIS
I personally think this EA has a lot of potential to be fully automated.
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Me too. Let's see what we come up with. I am getting a late start but will work independently on this for a while. Then I will share what I've done and we'll ultimately get it right.
Me too. Let's see what we come up with. I am getting a late start but will work independently on this for a while. Then I will share what I've done and we'll ultimately get it right.
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I actually start looking at this couple days ago. Lets compare our work later.
can someone tell me if the worksheet is suppose to sort itself by profit or not...when i opened mine some are not sorted for example the one that starts 14 Sept GBPJPY is -13.80 yet its at #6 shouldnt it be at #8? EURUSD from 31 AUG is another...this is the first time im using this...
can someone tell me if the worksheet is suppose to sort itself by profit or not...when i opened mine some are not sorted for example the one that starts 14 Sept GBPJPY is -13.80 yet its at #6 shouldnt it be at #8? EURUSD from 31 AUG is another...this is the first time im using this...
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Yes you have to sort pairs manually using the related function
Click on "DATA" label and then click on "SORT" (from Z to A)
im in short...is anyone else?
but its going up and down pretty fast
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Wow your trade is soaring bro.. Anyways you know that the bias long term for this IBFX and FXpro is Long. based on the spread sheets that i have distributed that since August 24 the last time the SELLs dominate the top of the chart and the BUYs are at the lowly bottom. Week after week the BUYS are trying to come up, thats why im saying bias is LONG. Come to think of it, the SELLS have achieve the perfect place last Aug 24 what will happend next? the BUYs will wrestle it from the SELLs. In the process SELLs will try to retain the position. Example is your trade the they are dominant. Right now you profit on the IA is -103 when this profit value start to turn positive that will be your signal to exit and reverse direction becase the BUYS will be dominant again. But dont worry you sure will profit fromt his you have 500+ profit for sure 410 is now locked by the EA.
Simple....Huh....no rocket science degree require.. LOL
T101
BTW...Thanks to everyone who voted this thread.. less than a week and we are 5 stars, wow that is a record in FF i think.
To those you just join us and immediately made thier presence known...FOURX and autofx, you guys are welcome here, help us in what ever little way we can share in the system, i bet it will become phonomenal and i want you all to ride this with me...Enjoy the Ride.
Simple Trading Method with trader101
