Thanks CindyXXXX - good points.
by the way: my bot wants to tell you: that your first 'punching him' is forgiven http://www.forexfactory.com/images/icons/icon12.gif
hi all,
don't know if anyone exits strictly by the mechanical Risk Rules.
Well I do not have millions of trades yet: since I started yesterday (but to give you an idea in one of my accounts I had 15 SHORT trades and 14 LONG trades in about 20 hours (tracking 8 Pairs)
overall I'm in negative. (Ok I also had some real bad entries and found some more bugs)
But what I had quite often is something like the FIRST PIC below:
SHORT Entry: at 1.2774
EXIT: at 1.27811
Well, I don't mind at the moment because I want just to observe exactly such things -- but it happened often.
I know Spud mentioned that the real challenge is a good exit - so right is he ;-)
So any idea to improve the mechanical Exit Rules.
* I know I could use the Trailing Stop Loss (not implemented yet) -
* or a fixed TakeProfit
* or more advanced 3 trades with different TakeProfit Settings
* or forget TF_group switching to the next higher Level
but maybe there are more sophisticated ideas.
thanks MJ
The FIRST PIC really shows my question - as it happened quite often with the present mechanical Exit Rules and TF_group switching. (or my bug ;-)
The SECOND PIC shows a nice dopple Short trade going on in GBP/USD: one about 100 + the other 70+ -- but where will it in the end exit ??
The THIRD PIC shows a nice dopple LONG trade : USD/CHF: 127+ and 135 + -- but where will it in the end exit ??
The FOURTH PIC shows the REAL BAD Entry (not to give a wrong impression all would be fine): USD/TRY - got stopped out. stoll have to check what has happened - if it should not had to be stopped before -- maybe a new bug ;-)
by the way: my bot wants to tell you: that your first 'punching him' is forgiven http://www.forexfactory.com/images/icons/icon12.gif
hi all,
don't know if anyone exits strictly by the mechanical Risk Rules.
Well I do not have millions of trades yet: since I started yesterday (but to give you an idea in one of my accounts I had 15 SHORT trades and 14 LONG trades in about 20 hours (tracking 8 Pairs)
overall I'm in negative. (Ok I also had some real bad entries and found some more bugs)
But what I had quite often is something like the FIRST PIC below:
SHORT Entry: at 1.2774
EXIT: at 1.27811
Well, I don't mind at the moment because I want just to observe exactly such things -- but it happened often.
I know Spud mentioned that the real challenge is a good exit - so right is he ;-)
So any idea to improve the mechanical Exit Rules.
* I know I could use the Trailing Stop Loss (not implemented yet) -
* or a fixed TakeProfit
* or more advanced 3 trades with different TakeProfit Settings
* or forget TF_group switching to the next higher Level
but maybe there are more sophisticated ideas.
thanks MJ
The FIRST PIC really shows my question - as it happened quite often with the present mechanical Exit Rules and TF_group switching. (or my bug ;-)
The SECOND PIC shows a nice dopple Short trade going on in GBP/USD: one about 100 + the other 70+ -- but where will it in the end exit ??
The THIRD PIC shows a nice dopple LONG trade : USD/CHF: 127+ and 135 + -- but where will it in the end exit ??
The FOURTH PIC shows the REAL BAD Entry (not to give a wrong impression all would be fine): USD/TRY - got stopped out. stoll have to check what has happened - if it should not had to be stopped before -- maybe a new bug ;-)
Attached Images
__Thanks__ MJ