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Charting and Trading Daily Reversal Points

  • #141
  • Mar 11, 2009 3:23pm Mar 11, 2009 3:23pm
Hi flapper!

The party is just beginning!Welcome aboard Damon's party boat!

Gary

Quoting flapper
Great! I will be interested to see how it goes with you and FXDD... Sorry - I have had personal things that have taken me away from doing much with this. I do have it loaded up and just need to get it configured correctly and am ready to go then. Hopefully by tonight - we shall see... thanks for all your work on this...
  • #142
  • Mar 11, 2009 4:36pm Mar 11, 2009 4:36pm
Sorry Chief, but none of my rockets fired today at all. Nada, zilch. Checked the EA settings 4 times now, it's active and pinging away but hasn't found any trades it liked. Wasn't using MM at all and set my GMT to 2 (should it be 3 now since daylight savings time or does that even matter?). Still on ForexMeta (step child of FXDD).
- Bowen (a.k.a. Wolf)
  • #143
  • Mar 11, 2009 4:47pm Mar 11, 2009 4:47pm
Hey Wolf -

Do you have your ea set on the M15 charts?

Gary

Quoting BlackWolf
Sorry Chief, but none of my rockets fired today at all. Nada, zilch. Checked the EA settings 4 times now, it's active and pinging away but hasn't found any trades it liked. Wasn't using MM at all and set my GMT to 2 (should it be 3 now since daylight savings time or does that even matter?). Still on ForexMeta (step child of FXDD).
  • #144
  • Mar 11, 2009 4:57pm Mar 11, 2009 4:57pm
Quoting Pavatar
Hey Wolf -

Do you have your ea set on the M15 charts?

Gary
Afirmative Gary. Now...I originally had them attached to the daily but switched to the 15M once I saw Damon's post. Do you have call up the 15M chart first and THEN add the EA to it - does that matter?
- Bowen (a.k.a. Wolf)
  • #145
  • Mar 11, 2009 5:39pm Mar 11, 2009 5:39pm
Well my home internet went out at some point today, so I am not sure everything worked, but I only had 3 trades..

usdjpy -73.78
eurjpy -5.96 (at .01)

Then when I get home to fix internet the gbpusd was still in with a stop at +100, but I took the profit because I wasn't sure..

gbpusd +239.40

Damon, you are right that I did not have eurjpy MM set to true.. I thought I did..
  • #146
  • Mar 11, 2009 6:07pm Mar 11, 2009 6:07pm
L3,

When reporting your results, can you give us a pip count rather than a $ amount? This will be much more helpful to us.

Thanks...Damon

Quoting llambert3
Well my home internet went out at some point today, so I am not sure everything worked, but I only had 3 trades..

usdjpy -73.78
eurjpy -5.96 (at .01)

Then when I get home to fix internet the gbpusd was still in with a stop at +100, but I took the profit because I wasn't sure..

gbpusd +239.40

Damon, you are right that I did not have eurjpy MM set to true.. I thought I did..
"Keep your eyes on the helpers" - Mr. Rogers
  • #147
  • Mar 11, 2009 6:08pm Mar 11, 2009 6:08pm
A new version has been released that will hopefully take care of a few issues.

Damon
"Keep your eyes on the helpers" - Mr. Rogers
  • #148
  • Mar 11, 2009 6:13pm Mar 11, 2009 6:13pm
Quoting damonl
L3,

When reporting your results, can you give us a pip count rather than a $ amount? This will be much more helpful to us.

Thanks...Damon
ok

gbpusd +133
eurjpy -58
usdjpy -29

Now the question is should it close trades like the gbpusd on its own or not until it hits the modified stop or tp? Cause I closed gbpusd manually.
  • #149
  • Mar 11, 2009 6:14pm Mar 11, 2009 6:14pm
Here is the results of today's trading...

UsdJpy -30 pips of loss
EurJpy -2 pips of loss
GbpUsd -2 pips of loss
AudUsd + 39 pips of profit

I know that you guys did not have your AudUsd trade trigger, but I had a dikens of a time getting the EA loaded onto my auzzie chart and so consequently entered at a lower value than you did. Because of this my threshold was not hit and was able to trigger a long trade.

L3, was your eurjpy closed when you got home? Because there should not have been that much of a loss today on that pair. I am thinking that the trailing stop feature of course did not move when your interenet was down. All in all, the trailing stop feature is working correctly.

Damon
"Keep your eyes on the helpers" - Mr. Rogers
  • #150
  • Mar 11, 2009 6:16pm Mar 11, 2009 6:16pm
You made a judgement call and grabbed pips. Shouldn't second guess yourself for that. Also, was your Eurjpy closed when you got home while your computer was turned off?

Quoting llambert3
ok

gbpusd +133
eurjpy -58
usdjpy -29

Now the question is should it close trades like the gbpusd on its own or not until it hits the modified stop or tp? Cause I closed gbpusd manually.
"Keep your eyes on the helpers" - Mr. Rogers
  • #151
  • Mar 11, 2009 6:25pm Mar 11, 2009 6:25pm
UR = 98.35
LR = 96.50
LTP = 98.50
STP = 96.50
TH = 60

2nd Set

LR = 97.00
LTP = 98.50
TH = 49

I set the threshold lower in the 2nd set so it did not overlap trading zones with the 1st set.

Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 27 KB
"Keep your eyes on the helpers" - Mr. Rogers
  • #152
  • Mar 11, 2009 6:26pm Mar 11, 2009 6:26pm
Who is your broker?

Quoting BlackWolf
Sorry Chief, but none of my rockets fired today at all. Nada, zilch. Checked the EA settings 4 times now, it's active and pinging away but hasn't found any trades it liked. Wasn't using MM at all and set my GMT to 2 (should it be 3 now since daylight savings time or does that even matter?). Still on ForexMeta (step child of FXDD).
"Keep your eyes on the helpers" - Mr. Rogers
  • #153
  • Mar 11, 2009 6:32pm Mar 11, 2009 6:32pm
Hey Wolf -

You will be fine doing it the way you did. I know several of us had trades so something isn't setup right. When you setup your first pair tonight, would it help to walk throught it here to see if we can catch anything?

Gary

Quoting BlackWolf
Afirmative Gary. Now...I originally had them attached to the daily but switched to the 15M once I saw Damon's post. Do you have call up the 15M chart first and THEN add the EA to it - does that matter?
  • #154
  • Mar 11, 2009 6:33pm Mar 11, 2009 6:33pm
Ur = .6580
Lr = .6480
Ltp = .6600
Stp = .6450
Th = 70

Lr = .6360
Ltp = .6500
Th = 70

Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 24 KB
"Keep your eyes on the helpers" - Mr. Rogers
  • #155
  • Mar 11, 2009 6:37pm Mar 11, 2009 6:37pm
Ur = 136.60
Lr = 132.90
Ltp = 137
Stp = 133
Th = 150

Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 25 KB
"Keep your eyes on the helpers" - Mr. Rogers
  • #156
  • Mar 11, 2009 6:38pm Mar 11, 2009 6:38pm
Hey Junior!

Open trades are closed by the order hitting the sl or tp. These trades are continued over into the next day.

Pending orders are closed by one of two means:
1. At 2000 gmt all pending orders are cancelled.
2. If the threshold is exceeded, the pending order is cancelled. I think Damon explained how the threshold works in post one.

Gary

Quoting llambert3
ok

Now the question is should it close trades like the gbpusd on its own or not until it hits the modified stop or tp? Cause I closed gbpusd manually.
  • #157
  • Mar 11, 2009 6:43pm Mar 11, 2009 6:43pm
UR = 1.2930
LR = 1.2610
LTP = 1.2800
STP = 1.2700
TH = 70

2nd Set

LR = 1.2710
LTP = 1.2950
TH = 70

Attached Image (click to enlarge)
Click to Enlarge Name: uc1.gif Size: 28 KB
"Keep your eyes on the helpers" - Mr. Rogers
  • #158
  • Mar 11, 2009 6:49pm Mar 11, 2009 6:49pm
Quoting damonl
A new version has been released that will hopefully take care of a few issues.

Damon
Version number is the same as yesterday's. That made it easy to lay on top of prior file version (do you want to replace the file dated...with this one dated...? Yes).
- Bowen (a.k.a. Wolf)
  • #159
  • Mar 11, 2009 6:51pm Mar 11, 2009 6:51pm
UR = 1.3900
LR = 1.3680
LTP = 1.3950
STP = 1.3600
TH = 100

2nd Set

UR = 1.4110
STP = 1.3850
TH = 100

Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 26 KB
"Keep your eyes on the helpers" - Mr. Rogers
  • #160
  • Mar 11, 2009 6:58pm Mar 11, 2009 6:58pm
UR = 125.40
LR = 123.20
LTP = 125
STP = 122
TH = 100

2nd Set

UR = 126
LR = 122
LTP = 125
STP = 123
TH = 100

Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 26 KB
"Keep your eyes on the helpers" - Mr. Rogers
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