DislikedInterest rate changes I can see. But there are many other problems.
You can watch FF calendar. But it has so much going on its hard to tell what’s going to trigger a move.
BTW was any of you monitoring the Spread did it widen before move?
As far as news it’s all news out there. It’s not like we have real news we can watch for and we are going to need an ability to jump these because these jump are going to start happening more often. The market is changing its personality. We need a tool for these jumps. And we are going to be getting more jumps...Ignored
- #1,462
- Mar 19, 2009 5:05am Mar 19, 2009 5:05am
- | Joined Mar 2009 | Status: what gos down must come up | 22 Posts
The changes are great, I have no problem with them at all (I'll modify my EA to reflect this).
Yes, I do mean by clearing all open positions.
My EA that I am talking about is being kept private for now as I am still testing. I don't want to get people's hopes up that I have created some ultimate solution against spikes when using Bob's 60x90 method. When I've tested it enough I will release it along with the indicators (and your modification to them).
- #1,471
- Mar 19, 2009 6:39am Mar 19, 2009 6:39am
//set my profit for one Day
if (MyMoneyProfitTarget && AccountProfit()>= My_Money_Profit_Target)
{
text = text + "nClosing all orders and stop trading because mymoney profit target reached..";
Print("Closing all orders and stop trading because mymoney profit target reached.. Profit: ",AccountProfit()," Equity: ",AccountEquity());
PreviousOpenOrders=OpenOrders+1;
MaxTrades = 0; (CHANGE THIS: WAS ContinueOpening=False
return(0);
ADD THIS BELOW
//Prevents more than one loss per day
if(Minimum_Loss_On && AccountProfit()<= My_Money_Profit_Target-35)
{
MaxTrades = 0;
return(0);
AND THIS at the top of EA below stop loss setting where the extern code is.
extern int Minimum_Loss_On = 0;
When set to 1 and with mymoneyprofittarget TRUE The EA will take one trade win (at mymoneyprofittarget setting) or loose at (stoploss setting).
Of course you would change the -35 to be more than your My_Money_Profit_Target amount. It works very nice
if (MyMoneyProfitTarget && AccountProfit()>= My_Money_Profit_Target)
{
text = text + "nClosing all orders and stop trading because mymoney profit target reached..";
Print("Closing all orders and stop trading because mymoney profit target reached.. Profit: ",AccountProfit()," Equity: ",AccountEquity());
PreviousOpenOrders=OpenOrders+1;
MaxTrades = 0; (CHANGE THIS: WAS ContinueOpening=False
return(0);
ADD THIS BELOW
//Prevents more than one loss per day
if(Minimum_Loss_On && AccountProfit()<= My_Money_Profit_Target-35)
{
MaxTrades = 0;
return(0);
AND THIS at the top of EA below stop loss setting where the extern code is.
extern int Minimum_Loss_On = 0;
When set to 1 and with mymoneyprofittarget TRUE The EA will take one trade win (at mymoneyprofittarget setting) or loose at (stoploss setting).
Of course you would change the -35 to be more than your My_Money_Profit_Target amount. It works very nice
- #1,472
- Mar 19, 2009 6:57am Mar 19, 2009 6:57am
- Joined Jun 2007 | Status: Teach men to fish | 7,384 Posts
Looking at the weekly calendar there are news announcements every day. How do we know when and when not to trade. And as I asked before, what if you already have multiple pairs open?
Since these are scheduled events like yesterdays FOMC you plan your exit starting the day before. I am out usually by the USA open. I scale back my trades by talking small loses or closing out winners. It is planning ahead. Every weekend you should write down the major news stories coming up and then plan your week around them.
