Part Time Wealth Building Trading System - Daily Scalping

Quoting skyline

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Hi karl,
version 1.0f is working fine as far as I can see.
Close all your active orders, put the EA on chart , activate it before 00 GMT and see your orders opened. If it still doesn't work then copy-paste here your expert tab report, so we can check if there's some error.

cya,
Skyline

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Quoting else

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Hi Skyline,

I had the same problem last night, i dropped V1.0f on four pairs before 00.00 but it said next trade NONE on all of them ( i had the smiley face so i guess they were set up ok). waited for about 15 mins then switched to Rythm and the trades were placed as expected.

Andy

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Quoting else

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Skyline,

Just though of something. My data provider is FXDD which is 2 hours ahead of GMT so i get my new daily candle at 22.00 gmt. Is the EA waiting for 00.00GMT or the data providers new daily candle.

maybe i should have waited until 00.00GMT to se if the orders were placed (02.00 on my charts)

Andy

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Quoting Mr Trend

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Not really. If it's $-, then GBPUSD will go up, and USDJPY will go down, and $+ is exact opposite, so that's basically a cancellation. You'll get some movement, but nothing spectacular...

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Quoting skyline

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Ok the method says that order has to be entered at 00 AM GMT, so in order to follow it you have to put GMT_shift = 2 if your broker is 2 hours ahead gmt. If you put GMT_Shift = 0 and your broker isn't gmt aligned then EA should opened order at starting of new daily candle.

cya,
Skyline

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Quoting else

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Ok Skyline, got that. so i should have seen all four trades placed as soon as the new daily candle appreared because i had the GMT_Shift =0.

What should i check next to find out why it didn't work

Andy

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Quoting Mobsie

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Hello,

i will start next week with this method. I will use GBP/JPY.
I have set up all i need and wan`t. I mean email and SMS alert for the night and so on.

I will trade is without EA, i believe in EA too but wan`t trade manuell.

If you trade this method longer i will ask you, how do you control yourself.

Today i tried this for first time, and saw this morning that i was up 64 Pips and then it goes a little down and i take it. A BIG MISTAKE i know.

It is better do not watch to the trade often in the day.

Thanks for your Info.
Mobsie

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Quoting thierrybl

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here are my results since March 02 with DailyScalping EA v1.0e
Some strange things such as a BUY and a SELL opened for the same pair (I have set 2 orders for each pair with different settings, one on 1H and one on 30M), sometimes order does not reverse when SL is hit, sometimes orders are BUY (March 06) when previous day is down, ...
But results are great with Gbpjpy...

Thanks for your EA.
I'll version f next week

Thierry

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Quoting bmcorcoran

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I have traded the cable the last five weeks with the daily scalping and am down overal 70pips. I have used original TK rules with the exception of a 70pip take profit. 70 pip loss in five weeks just isn't doing it. Hopefully my switch to the guppy will be profitable, my luck it will begin to whipshaw like the cable has for the past month. I have noticed that most of the more recent post are about the guppy and how well it has been doing, have not heard much about the cable. Is this the right move? Or should I stick it out with the cable?

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Quoting skyline

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Hi karl,
version 1.0f is working fine as far as I can see.
Close all your active orders, put the EA on chart , activate it before 00 GMT and see your orders opened. If it still doesn't work then copy-paste here your expert tab report, so we can check if there's some error.

cya,
Skyline

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Quoting yezbick

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I have been working with the top moving pairs for the last couple of weeks and have found stellar results. I have enclosed the indicator that shows the values of daily trending of a given pair. The indicator was found on another forum. If you take the value and divide by 4 it gives you a great SL point to enter to be profitable in the pair.

I have been using the standard 40 SL for the GBPJPY and GBPCHF and the adjusted 20 day average SL/4 for the rest.

The best movers that I see from last week and should be the best for next week and their 5 day average movement are as follows:

GBPJPY: 347
GBPCHF: 233
EURJPY: 178
NZDJPY: 185

yezbick

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Quoting yezbick

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I have been working with the top moving pairs for the last couple of weeks and have found stellar results. I have enclosed the indicator that shows the values of daily trending of a given pair. The indicator was found on another forum. If you take the value and divide by 4 it gives you a great SL point to enter to be profitable in the pair.

I have been using the standard 40 SL for the GBPJPY and GBPCHF and the adjusted 20 day average SL/4 for the rest.

The best movers that I see from last week and should be the best for next week and their 5 day average movement are as follows:

GBPJPY: 347
GBPCHF: 233
EURJPY: 178
NZDJPY: 185

yezbick

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Quoting petersurrey

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The best way is to lock in certain amounts of profit ( or moving stop) if you don't want to use the EA's which help to avoid human ( often negative) interference - so when you get to +100 move stop to breakeven +150 to +50 etc -or whatever you feel comfortable with, but just locking the trade in breakeven after a positive move is a huge relief to most...

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