DislikedYeah looks like eurjpy is the only sketchy one for me this morning as I wake up , it's coming back though so we'll seeIgnored
I had to go 1 more level with the eurjpy (4). I was able to get out at a nice profit.
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DislikedHey bob or anyone else.
How hard would it be to add an alert to the ea once the last level trade was opened? For example, if using the level3, an alert to sound when level3 trade is opened on each currency?
Ideally I would love that with the option of setting how far against you it can go before it alerts, but will settle for just an alert when its opened.
Being notified when l3 opens and is against you say 50 pips would give you the heads up to either cut the trade, shorten the stoploss, or throw recovery on, whichever strategy you wish to use...Ignored
DislikedI was asking if it was a good idea to dynamically change the 90 pip distance in the code based on previous volatility.
Lets say the last x bars moved 200 pips and could possibly move more.
The 1st position of 0.1 lot has already been entered. Instead of the 2nd position of 0.3 lot being entered at the next 90 pips, make it enter at...Ignored
Disliked3 auds--aud/nzd, aud/cad, aud/jpy
1chf-- chf/jpy
4 eruos--eur/chf, eur/jpy, eur/cad, eur/usd
1 NZD-- Nzd/USD or you could use NZD/CHF
2 USD-- USD/CHF, USD/JPY
2 volatiles not the same--eur/nzd, gbp/jpyIgnored
DislikedBob, couldn't you hedge a trade so that you could hold it over the weekend without getting closed out by the gap? Just a thought. As far as I can see, the only problem with this system is when bad things happen on Thursdays and Fridays you have to get out by Friday afternoon before a retrace. Hedging isn't banned yet, and you could even "hedge" a trade in a different account.Ignored
DislikedBob, couldn't you hedge a trade so that you could hold it over the weekend without getting closed out by the gap? Just a thought. As far as I can see, the only problem with this system is when bad things happen on Thursdays and Fridays you have to get out by Friday afternoon before a retrace. Hedging isn't banned yet, and you could even "hedge" a trade in a different account.Ignored
DislikedDear Bob,
Could you expound a bit more about how your model plays off of Darkstar's work?
Thanks,
LenoxerIgnored
DislikedI know its tough when the market is slow but you have to keep enough margin in reserve if something big happens. If several currencies suddenly take off you need the margin to cover them. The most frustrating loss is to have your trades closed because you ran out of margin and then later they reverse and everything would have made profit. I have had that happen three times and ruined what would have been some big months for me.
3 auds--aud/nzd, aud/cad, aud/jpy
1chf-- chf/jpy
4 eruos--eur/chf, eur/jpy, eur/cad, eur/usd
1 NZD-- Nzd/USD or you could...Ignored