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Trade what you see NOT what you expect

  • #16,401
  • Jun 23, 2009 6:44am Jun 23, 2009 6:44am
Quoting daffy
Nice one. I keep meaning to get up to speed with metatrader's API so I can write my own indicators, but I just don't seem to get around to it. It's doubly disappointing since I work as a computer programmer for a living, so I really don't have any excuse.

Something that intrigued me over the weekend was someone coded what they called a price action EA, that would trade only on PA. Interesting idea - I'm wondering if it is worth coding up an EA to recognise some high probability setups and enter a trade on them.
I am also a programmer what sort of programming do you do?

I will let you have a copy of that heatmap indicator when I sort the bug in it

I wrote an EA two weeks that opens a new trade every 50 pips a pair falls 50 and have been running it since last week monday on GU with £5000 demo account the balance is now £13000 trading £2 a pip big negative on it it at the moment after the fall we have had but the trdes it did on the way down will close in profit on the way back up

If you want to send me those PA EA ideas I will have a look at it for you
  • #16,402
  • Jun 23, 2009 7:06am Jun 23, 2009 7:06am
Quoting davids
I am also a programmer what sort of programming do you do?

I will let you have a copy of that heatmap indicator when I sort the bug in it

I wrote an EA two weeks that opens a new trade every 50 pips a pair falls 50 and have been running it since last week monday on GU with £5000 demo account the balance is now £13000 trading £2 a pip big negative on it it at the moment after the fall we have had but the trdes it did on the way down will close in profit on the way back up

If you want to send me those PA EA ideas I will have a look at it for you...
I do java programming, mostly J2EE stuff and Oracle stuff. How about you? I'll pm you on those ideas, otherwise I fear we may clog up this thread.
  • #16,403
  • Jun 23, 2009 7:10am Jun 23, 2009 7:10am
Quoting daffy
I do java programming, mostly J2EE stuff and Oracle stuff. How about you? I'll pm you on those ideas, otherwise I fear we may clog up this thread.
Java is something I have always wanted to learn but never got around to it

Mainly C, C++, Delphi ,SQL, PLSQL, Ruby on Rails I will wait for your message
  • #16,404
  • Jun 23, 2009 7:17am Jun 23, 2009 7:17am
Quoting davids
I am long EJ 132.795 am going to hold this trade for a few days and see if I can get 250 pips out of her, may not work out covered +1 at the moment.
Just hit 80 pips covered + 50
  • #16,405
  • Jun 23, 2009 7:26am Jun 23, 2009 7:26am
Quoting davids
Just hit 80 pips covered + 50
nice trade
  • #16,406
  • Jun 23, 2009 7:31am Jun 23, 2009 7:31am
Quoting PippiNole
That was the area I was looking at last night. Previous low on the 17th. I have reduced my short position and took a small long at 132.53 with green pips and covered. If she breaks here then 132.00-131.50.


Went long at 131.55. Took some nice profit already and have a few running.
  • #16,407
  • Jun 23, 2009 7:39am Jun 23, 2009 7:39am
Way to go Davids and Pippin ... May the god of green pips smile on you always..
Good Trading To All ; Ken Lee
  • #16,408
  • Jun 23, 2009 7:48am Jun 23, 2009 7:48am
Quoting fx local
im long... could well squeeze higher by 100 pips from here

got in at 40,50, 60, and 70!!!!
covered half of trade for 100pips... let the rest run into either 50 or 150 pips....

lets see
Trading is 80% Emotional, 20% Technical
  • #16,409
  • Jun 23, 2009 7:51am Jun 23, 2009 7:51am
Quoting KENNETH lEE
Way to go Davids and Pippin ... May the god of green pips smile on you always..
Thanks Ken, I hope others are on board.
  • #16,410
  • Jun 23, 2009 7:52am Jun 23, 2009 7:52am
Quoting KENNETH lEE
Way to go Davids and Pippin ... May the god of green pips smile on you always..
Quoting FOURX
nice trade
Thanks Ken and FOURX

I will have a gift for eveybody on this thread in about 15 mins
  • #16,411
  • Jun 23, 2009 7:54am Jun 23, 2009 7:54am
Quoting PippiNole
[/b]

Went long at 131.55. Took some nice profit already and have a few running.

I think we will see 134.989 soon
  • #16,412
  • Jun 23, 2009 7:57am Jun 23, 2009 7:57am
Good morning mates,
After many days without trading, Im returning home.
Hope I can get some of the greens you left on your green way
"Even A Thousand Mile Journey Begins with the First Step"
  • #16,413
  • Jun 23, 2009 7:57am Jun 23, 2009 7:57am
Quoting davids
I think we will see 134.989 soon
I can see that but this 134.30 area may be tough to get through.
  • #16,414
  • Jun 23, 2009 7:58am Jun 23, 2009 7:58am
Quoting PippiNole
I can see that but this 134.30 area may be tough to get through.
im looking to sell any spike upto 1.3500 area....
Trading is 80% Emotional, 20% Technical
  • #16,415
  • Jun 23, 2009 8:00am Jun 23, 2009 8:00am
Quoting davids
Thanks Ken and FOURX

I will have a gift for eveybody on this thread in about 15 mins


Thanks for all your efforts.. I am sure those who use metatrader will love it..
Good Trading To All ; Ken Lee
  • #16,416
  • Jun 23, 2009 8:00am Jun 23, 2009 8:00am
I took a short trade at 1.6361 with tight SL (+1 now) based on 1hr TF 62 MA & 50fibo rebound, also 15min 248 MA rebound.
"Even A Thousand Mile Journey Begins with the First Step"
  • #16,417
  • Jun 23, 2009 8:10am Jun 23, 2009 8:10am
Quoting davids
I think we will see 134.989 soon
She is struggling to past yesterdays pivot at 134.092 and then when she does the 200 is knocking her back
  • #16,418
  • Jun 23, 2009 8:29am Jun 23, 2009 8:29am
I have developed a metatrader indicator that displays the 62EMA on any chart you want it can also display any MA you want on any chart

The settings are

symbol; // Symbol of currency
timeframe = 0; // Timeframe
maxbars = 1500; // Maximum bars to use
period = 62; // Averaging period for calculation
ma_shift = 0; // MA shift
ma_method = MODE_EMA; // MA method
applied_price = PRICE_CLOSE; // Applied price
show_comment = false; // Display the comment

Symbol you can insert any symbol here it will then monitor for example the EJ 62 or 200 on GU charts

Time Frame setting

PERIOD_M1 1 1 minute.
PERIOD_M5 5 5 minutes.
PERIOD_M15 15 15 minutes.
PERIOD_M30 30 30 minutes.
PERIOD_H1 60 1 hour.
PERIOD_H4 240 4 hour.
PERIOD_D1 1440 Daily.
PERIOD_W1 10080 Weekly.
PERIOD_MN1 43200 Monthly.
0 (zero) 0 Timeframe used on the chart.

Period is the MA period for example 62

ma_method is either 123 or 4
MODE_SMA 0 Simple moving average,
MODE_EMA 1 Exponential moving average,
MODE_SMMA 2 Smoothed moving average,
MODE_LWMA 3 Linear weighted moving average.


Any Questions let me know
Attached File(s)
File Type: ex4 Universal_MA.ex4   3 KB | 289 downloads
  • #16,419
  • Jun 23, 2009 8:35am Jun 23, 2009 8:35am
I bought the dip when the first 4h candle of the euro session closed bullish.

entered at 6285...took 20, 40 and 72

flat now waiting on NY session to decide...lot of stuff going on on 4h...ma's and tl's
  • #16,420
  • Jun 23, 2009 8:49am Jun 23, 2009 8:49am
home sales in 12 minutes
Good Trading To All ; Ken Lee
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