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Attachments: FX 1M Bounce system
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FX 1M Bounce system

  • #361
  • Jan 18, 2009 8:12pm Jan 18, 2009 8:12pm
Quoting cashmeer
if you look clearly it says in the config S/L 15 pips...Trailing stop loss 4 pips...

that's about as automated as they come...either stopped out with a loss or profit...
Thanks....got it up and running....already completed one trade with 8 pip profit!
  • #362
  • Jan 18, 2009 8:32pm Jan 18, 2009 8:32pm
hi there,
5 digit like alpari,
you need to turn on the num_of_digit to True.

regards,
siobi
  • #363
  • Jan 18, 2009 8:47pm Jan 18, 2009 8:47pm
Quoting siobi
hi there,
5 digit like alpari,
you need to turn on the num_of_digit to True.

regards,
siobi
Siobi, could it be that this the problem with my set up because Im using Alpari,
Pls can you tell how to change it
Thank you
Add value everyday in Pips
  • #364
  • Jan 18, 2009 9:03pm Jan 18, 2009 9:03pm
Quoting Pip-Stud
following all the hipe this sytem has received from the thread, I was so anxious to try it out now I have it set and running, my opinion, is THIS A POTENTIAL TIME BOMB, it can take 4 trade consecutively and loose the whole time,
SIOBI pls I dont mean any offence I respect your skill and hardwork may be this is fault from the latest version kindly check it well, it gives you indication to go long sometimes and the market just goes directly opposite
hi there,
ya, no offense.

this EA is for bouncign and trending.

u may be right, when the EA place a trade but it goes other direction and it lose.

We always win or lose in our life, same to this EA.

we are just based on the condition to enter the trade and set a daily target of 30 pip.
no matter winning by 30 pip or losing by 30 pip, you should stop trade.

I never said this is the killer EA which always win and win and win.

I personally stop trade after reaching 30pip.

the more u stay the more the risk is.

This is Forex.
Nothing can be assured.

get back to the trade.

If you guys do have any question on the trading of this bouncing system, pls post.
  • #365
  • Edited 9:16pm Jan 18, 2009 9:13pm | Edited 9:16pm
it gives you indication to go long sometimes and the market just goes directly opposite[/quote]

Yes I have noticed that entries are made in the opposite direction of the trend.

For instance I was entered into a long trade by the EA at 2.47.

Then while I was still long in the trade there were 2 short entries triggered at 3.09 and 3.10.

regards

Naresh
Attached Image (click to enlarge)
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  • #366
  • Jan 18, 2009 9:17pm Jan 18, 2009 9:17pm
Quoting Naresh
it gives you indication to go long sometimes and the market just goes directly opposite
Yes I have noticed that entries are made in the opposite direction of the trend.

For instance I was entered into a long trade by the EA at 2.47.

Then while I was still long in the trade there were 2 short entries triggered at 3.09 and 3.10.

regards

Naresh[/quote]

Hi Naresh,
I think the exit strategy is not yet define, so you have to do manual exit as I mentioned earlier...
  • #367
  • Edited 9:28pm Jan 18, 2009 9:18pm | Edited 9:28pm
hi siobi

thanks again for your work

just im having a problem,, it doesnt seem to take any trades, just popups of UP or DOWN, i posted a screenshot to see if im missing something ?? maybe the settings in the EA is not set correctly ?? im using fxpro metatrader

maybe repost your template
Attached Image (click to enlarge)
Click to Enlarge Name: missing.jpg Size: 467 KB
Don't forget Practice + Patience + Persistence = Profits
  • #368
  • Jan 18, 2009 9:23pm Jan 18, 2009 9:23pm
Thanks for your response Siobi
question:This EA it is meant to triger trades by itself right? what it does in my system is pop up an alert and ask me to go up or go dow. Is this normal?
Add value everyday in Pips
  • #369
  • Jan 18, 2009 9:29pm Jan 18, 2009 9:29pm
Quoting maxzeus
hi siobi

thanks again for your work

just im having a problem,, it doesnt seem to take any trades, posted a screenshot to see if im missing something ?? maybe the settings in the EA is not set correctly ?? im using fxpro metatrader

maybe repost your template
hi there,
sorry for my poor explaination.
Recheck your lot size... 99 ?
is your broker allows such big trading lot size? (I'm not sure)

Do you turn on/off for the money management?

if u turn on, then
the lot size will re-calculated based on 0.1% of your balance.

if u turn off, then it will follow the initial lot that you enter in the EA setting.

the moneymanagement is for my own usage as I'm using mini acct with 100 as deposit.
  • #370
  • Jan 18, 2009 9:31pm Jan 18, 2009 9:31pm
Quoting Pip-Stud
Thanks for your response Siobi
question:This EA it is meant to triger trades by itself right? what it does in my system is pop up an alert and ask me to go up or go dow. Is this normal?
yes is normal as this EA will alert user on the current trend.
you may enter the trade manually based on the signal or you may wait till the EA auto enter the trade.

the alert is just an alert...
  • #371
  • Jan 18, 2009 9:32pm Jan 18, 2009 9:32pm
How do we turn on the money manager pls

Quoting siobi
hi there,
sorry for my poor explaination.
Recheck your lot size... 99 ?
is your broker allows such big trading lot size? (I'm not sure)

Do you turn on/off for the money management?

if u turn on, then
the lot size will re-calculated based on 0.1% of your balance.

if u turn off, then it will follow the initial lot that you enter in the EA setting.

the moneymanagement is for my own usage as I'm using mini acct with 100 as deposit.
Add value everyday in Pips
  • #372
  • Jan 18, 2009 9:38pm Jan 18, 2009 9:38pm
Quoting Pip-Stud
How do we turn on the money manager pls
it is defaulted turn on. it was always set to TRUE in the setting.
you can turn it off.
  • #373
  • Jan 18, 2009 9:39pm Jan 18, 2009 9:39pm
About how many minutes after the alert is it supposed to trigger automatically, any way I waited but it didnt trigger, any clue?
Add value everyday in Pips
  • #374
  • Jan 18, 2009 9:43pm Jan 18, 2009 9:43pm
Quoting Pip-Stud
About how many minutes after the alert is it supposed to trigger automatically, any way I waited but it didnt trigger, any clue?
hi there,
I suppose you are mentioned on the arrow up and down trigger.

no clue, once condition is meet, then it triggers.

ask the broker ...
  • #375
  • Jan 18, 2009 9:57pm Jan 18, 2009 9:57pm
Quoting siobi
hi there,
5 digit like alpari,
you need to turn on the num_of_digit to True.

regards,
siobi
Since I adjusted the number of digit to true on my alpari platform, the EA has given me 3 accurate signals for over 10pips each. and thats within about 30 minutes

Siobi You have My respect!
Add value everyday in Pips
  • #376
  • Jan 18, 2009 10:05pm Jan 18, 2009 10:05pm
Quoting Pip-Stud
Since I adjusted the number of digit to true on my alpari platform, the EA has given me 3 accurate signals for over 10pips each. and thats within about 30 minutes

Siobi You have My respect!

hi there,
once hit daily target, then u may exit and shake your leg then wait for tomorrow...

PS: your previous comment "THIS A POTENTIAL TIME BOMB", you owe me an explaination..


Regards,
siobi
  • #377
  • Jan 18, 2009 10:13pm Jan 18, 2009 10:13pm
Quoting siobi
Yes I have noticed that entries are made in the opposite direction of the trend.

For instance I was entered into a long trade by the EA at 2.47.

Then while I was still long in the trade there were 2 short entries triggered at 3.09 and 3.10.

regards

Naresh
Hi Naresh,
I think the exit strategy is not yet define, so you have to do manual exit as I mentioned earlier...[/quote]

Yes Siobi,

I am exiting manually. But the long was still going and the trend was up.

The question is why there were 2 shorts triggered in the middle of this long trade.

Please see the chart I posted where you will note the 2 shorts in the strong uptrend.

Wondering why this happens.

Thanks and regards

Naresh
  • #378
  • Jan 18, 2009 10:17pm Jan 18, 2009 10:17pm
About that statement I made it before you gave me the correct settings My number of digits where set to false and I Am using a 5digit platform Alpari so I guess there was a conflict whithin the system which made it to be giving my wrong indications, Thanks to you It have been corrected now, I just picked up another 5pips

Man [b][size="7"]I APOLOGISE big time
Add value everyday in Pips
  • #379
  • Jan 18, 2009 10:24pm Jan 18, 2009 10:24pm
Quoting Naresh
Hi Naresh,
I think the exit strategy is not yet define, so you have to do manual exit as I mentioned earlier...
Yes Siobi,

I am exiting manually. But the long was still going and the trend was up.

The question is why there were 2 shorts triggered in the middle of this long trade.

Please see the chart I posted where you will note the 2 shorts in the strong uptrend.

Wondering why this happens.

Thanks and regards

Naresh[/quote]


hi there,
I think it is fair enough if the market is in trending but while during the trend there is some room for the bounce to take some small pip.

I didnt check your screen because I'm doing a FULL test on V105.
  • #380
  • Jan 18, 2009 10:24pm Jan 18, 2009 10:24pm
hi siobi

sorry to bother you, i tried everything,it was at 0.1 lots but shows 99 on the chart ??? weird

anyways heres the EA settiongs i have now, i s there any errors or something i should change ???

thanks
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Don't forget Practice + Patience + Persistence = Profits
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