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Long Term Forex Growth Strategy

  • #21
  • Dec 3, 2008 3:15am Dec 3, 2008 3:15am
Hi, I put this together this morning. I am not exactly impressed with the results, but you asked for a EA to auto order the pending orders and this does what you request. I also added a maximum drawdown in dollare and set the default at $1000.00 just to be safe.

I am posting the source code, if any one wants to make changes, they can.
It is for you to help you in entering. If you want to look at any trade before it place it, just set the EA on manual confirmation.
Attached File(s)
File Type: mq4 LTFGS EA v1.0.mq4   5 KB | 396 downloads
  • #22
  • Dec 3, 2008 5:59am Dec 3, 2008 5:59am
Quoting RaR
the total for today (half day trades)... nice wind, nice waves!

http://i38.tinypic.com/2mi5kz7.png
Great system ......

Damon, u !!

Btw,.. definitely needs an EA for this!
RaR, that is great. I am so glad it was a demo account that you were using .

I have to go to work here in a few minutes and so won't be able to calculate til tonight, but I believe that I will now have hit my t/p of 200 pips as well. A little too much drawdown, but i could be that it can be elimated with a few additional rules as we go along.

Keep in touch with us....Damon
"Keep your eyes on the helpers" - Mr. Rogers
  • #23
  • Dec 3, 2008 6:03am Dec 3, 2008 6:03am
Quoting smjones
Hi, I put this together this morning. I am not exactly impressed with the results, but you asked for a EA to auto order the pending orders and this does what you request. I also added a maximum drawdown in dollare and set the default at $1000.00 just to be safe.

I am posting the source code, if any one wants to make changes, they can.
It is for you to help you in entering. If you want to look at any trade before it place it, just set the EA on manual confirmation.
Thanks smjones....that is really nice of you.

Off to work and so will take a look at it tonight. Have a great day.

damon
"Keep your eyes on the helpers" - Mr. Rogers
  • #24
  • Dec 3, 2008 7:01am Dec 3, 2008 7:01am
Hi

When you say 0.01 mini lot for each $100 account size, is it $100 position size?
That is 1:1 leverage.
Regards
  • #25
  • Dec 3, 2008 7:47am Dec 3, 2008 7:47am
Hello!
This system is very interesting, but I think we have to be explained better.
You can display a graphic on the alligator and mark where we have to sell or buy, and it?
Should be better explained I think we can empower more people with this system.
Great work!
  • #26
  • Dec 3, 2008 4:25pm Dec 3, 2008 4:25pm
Hello,

Day 2 and Day 3 are put into one day because we did not take profit from the 2nd days trade until day 3.

We had considerable drawdown for the day. perhaps even reaching 50%. but in the end we came out on top.

Another trade giving us +200 pips in profit

That puts us 2 for 2.

2 trade cycles 2 wins. If you count the great day we would have had on Monday we are actully more like 10 for 10.

We now have an EA which I can't wait to test. This will help us keep more accurate records as to how our trades are fairing throughout the day.

Here's to another winning day.

damonl
"Keep your eyes on the helpers" - Mr. Rogers
  • #27
  • Dec 3, 2008 4:27pm Dec 3, 2008 4:27pm
Quoting howard
Hi

When you say 0.01 mini lot for each $100 account size, is it $100 position size?
That is 1:1 leverage.
Good question.....

.01 lots as I have intended them to be is the .01 lots= $.01usd

Basically .01 lots = 1 penny

I beleive that is 100:1 ratio.
"Keep your eyes on the helpers" - Mr. Rogers
  • #28
  • Dec 3, 2008 4:54pm Dec 3, 2008 4:54pm
Quoting ninpojutsu
Hello!
This system is very interesting, but I think we have to be explained better.
You can display a graphic on the alligator and mark where we have to sell or buy, and it?
Should be better explained I think we can empower more people with this system.
Great work!
I will work on that for you my friend, but if you put your 'mouse' on the teeth of the alligator every bar, you will see that it has a value. This is the value you use compared to the value of the teeth on the last closed bar to determine your trade direction.

Just been home an hour from work, and so give me a little time please
"Keep your eyes on the helpers" - Mr. Rogers
  • #29
  • Dec 3, 2008 8:09pm Dec 3, 2008 8:09pm
Quoting smjones
Hi, I put this together this morning. I am not exactly impressed with the results, but you asked for a EA to auto order the pending orders and this does what you request. I also added a maximum drawdown in dollare and set the default at $1000.00 just to be safe.

I am posting the source code, if any one wants to make changes, they can.
It is for you to help you in entering. If you want to look at any trade before it place it, just set the EA on manual confirmation.

Thank You SmJones. Your very kind.
  • #30
  • Dec 3, 2008 8:19pm Dec 3, 2008 8:19pm
they say lots of important economic news from the Yen's today...
if there's wild price movement, this strategy/system might enjoy it don't you think?
  • #31
  • Dec 3, 2008 10:54pm Dec 3, 2008 10:54pm

Had another profitable day netting my 200 pips that I am after.

That makes 3 for 3. Let's hope that it continues tomorrow...see you then

"Keep your eyes on the helpers" - Mr. Rogers
  • #32
  • Dec 3, 2008 10:59pm Dec 3, 2008 10:59pm
Hey smjones.....

I was wondering if you could add a few small things for the EA.

1. When 200 pips t/p is reached that it closes all open orders
2. If Continuous cycles is false, then when 200 pips in profit is reached, all pending orders should then be cancelled as well.

It is opening the trades in exactly the right spot, so that is great, but when I got to 200 pips in profit, the trades did not close to lock in that profit, and that would be a must for the EA.

Thanks again, and if you don't mind doing this, that would be great. This is making testing and keeping track of things much easier.

Damon
"Keep your eyes on the helpers" - Mr. Rogers
  • #33
  • Edited Dec 10, 2008 1:20pm Dec 3, 2008 11:34pm | Edited Dec 10, 2008 1:20pm
Quoting RaR
they say lots of important economic news from the Yen's today...
if there's wild price movement, this strategy/system might enjoy it don't you think?
..and she's riding it beatifully...
Attached Image (click to enlarge)
Click to Enlarge Name: syxvs7.png Size: 123 KB
  • #34
  • Dec 3, 2008 11:40pm Dec 3, 2008 11:40pm
Quoting damonl

Had another profitable day netting my 200 pips that I am after.

That makes 3 for 3. Let's hope that it continues tomorrow...see you then

Hi, damonl...

If u don't mind.. i have a question that you might not notice...
http://www.forexfactory.com/showpost...4&postcount=18

Thx,
RaR
  • #35
  • Edited 4:07am Dec 4, 2008 2:25am | Edited 4:07am
Quoting damonl
Hey smjones.....

I was wondering if you could add a few small things for the EA.

1. When 200 pips t/p is reached that it closes all open orders
2. If Continuous cycles is false, then when 200 pips in profit is reached, all pending orders should then be cancelled as well.

It is opening the trades in exactly the right spot, so that is great, but when I got to 200 pips in profit, the trades did not close to lock in that profit, and that would be a must for the EA.

Thanks again, and if you don't mind doing this, that would be great. This is...
Ok
Attached File(s)
File Type: mq4 LTFGS EA v1.1.mq4   6 KB | 326 downloads
  • #36
  • Dec 4, 2008 3:48am Dec 4, 2008 3:48am
RaR

Could you size your charts to 600x600 so we do not have to scroll back and forth.

Thanks
Regards
  • #37
  • Dec 4, 2008 3:52am Dec 4, 2008 3:52am
Quoting howard
RaR

Could you size your charts to 600x600 so we do not have to scroll back and forth.

Thanks
Ok.
  • #38
  • Dec 4, 2008 9:20am Dec 4, 2008 9:20am
I made some improvements to this EA. It now will only track the trades made by this EA, so you can run it with other other trades and this EA will not effect them. I also added a print to the screen for the largest Draw Down so far in deposit currency.
Attached File(s)
File Type: mq4 LTFGS EA v1.2.mq4   7 KB | 350 downloads
  • #39
  • Dec 4, 2008 3:49pm Dec 4, 2008 3:49pm
great work keep it up
  • #40
  • Dec 4, 2008 3:59pm Dec 4, 2008 3:59pm
In forex trading the long growth rates gives more result for our investments at all time ao its better to follow this methods in the forex .This long term forex growth has given more benefits..
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