Jacko's Forex House of Pleasure and Pain

mirage_prof,

Thanks for the info. Let me clarify a few other things for myself.

Right now on my demo I have 7 open trades to test this EA. In the upper left of the window it says 7 open trades. They happen to be across several pairs. Some are even pending orders. Now I only have the EA put in the EU window and not in any other window.

1. Does the EA then run on all pairs regardless if the EA is open in that window?

2. If it does execute on all pairs regardless of which window it is open in, I am guessing you cannot have different settings for different pairs? I would prefer not to have a trailing stop on certain pairs from other trading methods I use.

3. I am still confused at the profit target setting on the EA. You enter a number in that window on the EA properties settings. In the trading window it comes up with a dollar amount. Now, as I said, I have 7 trades that the EA says are open. In reality there are 2 open and 5 pending. Is that profit target setting for each individual trade or is that a total that I am looking to take from all the trades?

4. I also notice that if I put a stop loss in manually on the MT4 platform that the EA gets rid of that each time I enter it. It takes a few seconds but then it shows zereo stop loss for my number. That makes me nervous.

5. The same is true for a take profit that I set. The number just disappears.

I am sure I will have more questions. Thanks for the help. I am trying to get it help me out when I am gone for many hours at work etc.

RCWSO

I got an AH order placed at 1.3950 from last Friday's failed trade.

I know the AH is supposed to be mechanical, but it's way too easy to imagine price hitting the x.xx50 before heading south again.

I am thinking about canceling it.

Any thoughts?

mirage_prof,

Thanks for the info. Let me clarify a few other things for myself.

Right now on my demo I have 7 open trades to test this EA. In the upper left of the window it says 7 open trades. They happen to be across several pairs. Some are even pending orders. Now I only have the EA put in the EU window and not in any other window.

1. Does the EA then run on all pairs regardless if the EA is open in that window?

if you drag it on the chart and have executed a trade on this chart it will work

2. If it does execute on all pairs regardless of which window it is open in, I am guessing you cannot have different settings for different pairs? I would prefer not to have a trailing stop on certain pairs from other trading methods I use.

it works fine on several pairs

3. I am still confused at the profit target setting on the EA. You enter a number in that window on the EA properties settings. In the trading window it comes up with a dollar amount. Now, as I said, I have 7 trades that the EA says are open. In reality there are 2 open and 5 pending. Is that profit target setting for each individual trade or is that a total that I am looking to take from all the trades?

Dont bother setting profit target in EA, set it in your mt4 open order instead by right clicking, modify order, profit target

4. I also notice that if I put a stop loss in manually on the MT4 platform that the EA gets rid of that each time I enter it. It takes a few seconds but then it shows zereo stop loss for my number. That makes me nervous.

thats how it works, it designed to work from the initial order

5. The same is true for a take profit that I set. The number just disappears.

set it in the open order, not in EA, this EA supposed to let your winner "RUN"

I am sure I will have more questions. Thanks for the help. I am trying to get it help me out when I am gone for many hours at work etc.

RCWSO

deleted by author.

From a MM point of view, an A-H will do wonders to minimize any account drawdown. With this type of market volatility however, I also feel it's kinda risky to just let your target be hit thinking that it'll just shoot north. In fact, I'm currently babysitting an A-H that was picked up at .3850 as I want to make sure that if PA starts heading south, I can act accordingly...

Edit 08:02GMT: A-H closed at .3960 for 110 pip profit (fallen soldier + extra 10 pips for the effort )

Hi Low, my AH is filled @ 3907 but I went for just a half size fill.
so if it kicks back about 40 pips I will fill the other half.
No Jacko proved approach but just my 2 euro cents.

Regards

Hi Hans

Can I ask you how do you trail your A-H's. Do you apply the same rules as regular trades (100 HardS/L /100 TS/L)?

I normally watch them closely and quit if a full position goes agaist me.
for this trade I would build up to full size @ 13865 , and quit the whole thing around 13830.

I don't have a fixed rule for the AH all depends on supp. and resistance.

regads..

Thanks for answering. I'm on the same boat. On a trendier market I'd just let the A-H play itself out. With the market conditions however, I wouldn't want to incur in a double loss... so while the A-H is playing, I'll watch it closely...

Cheers,

http://i41.tinypic.com/2u9luu1.jpg

Now waiting for a pull-back to get the other 50% filled.
Then just a 100 pips to BE

I am canceling this AH and waiting for price to tell me which direction to go.

Should we head further south, I will re-place this order, once it has some breathing room. Should we head north again, I will look for entries as per the method, and consider Friday's poorly chosen entry a loss.

It will take more than a touch of 1.3950 to convince me we're on our way back up.

http://i39.tinypic.com/o6d08w.png

AH trade is underway (1.3901), though am watching it closely and looking for a target near 1.4000 with a bit of luck!

On the daily chart, the price has obviously broken the smaller trend line fell to the nearest support line, which was also 38.2 and 61.8 fibs of the two recent move upwards, so decent confluence as support.

As will be asleep soonish, will set a price target of 1.3980 and will be looking to bring the current 50pip hard stoo to break even asap.

Will be interesting to see how the price reacts near the trend line it broke on both the 3/4HR and daily (I use oanda and their charts, can anyone recommend a free charting package where I can save my charts?!). Hopefully it will break through, the with US markets now shu I expect it wil hang around the trend line until tomorrow.

The price broke the trend line for fundamental reasons - NFP on Friday, Ireland downgrade today and Latvian problems today, so I feel the next significant move will be upon the next set of important market moving economic data...

Consensus is that the slight pull back from the USD highs seens earlier today is just that a slight pull back and continued USD strength should be seen...but what do analysts know, I'm wathcing the price movement carefully together with new releases over the next few days to see where the next move will be.

As an aside, can someone tell me how to post charts within messages and not as attachments...

Has anyone in this forum taken Wayne up on his offer and subscribed to his private group for a year?

Lots of people have.

Hey Hans,

Hoy did your A-H go? Mine (.3850) has gone as far as 15 pips close to recover that missing soldier in its full capacity... S/L is now set to B/E and after a longgg night I'm letting it play itself out... finally!

Thanks. Would anyone like to share thier experience?

The overall experience is very positive. Wayne is very good at what he does.

He has a way of explaining how and why the market is acting and reacting a certain way that makes sense and sticks in your brain, I had a lot of "aha" moments in his group

yes, we would mind, our replies are not much longer then your charts with "explanations"

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