Is it possible for any1 to help modify the 180x100 for 5 digits? It seems that the MA levels look different for my charts.
Any help is appreciated
Any help is appreciated
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DislikedIs it possible for any1 to help modify the 180x100 for 5 digits? It seems that the MA levels look different for my charts.
Any help is appreciatedIgnored
DislikedIs it possible for any1 to help modify the 180x100 for 5 digits? It seems that the MA levels look different for my charts.
Any help is appreciatedIgnored
DislikedI travel to Florida Wednesday and will set up my computer for trading for the summer here in the USA. I will try to get on then if someone doesnt do it sooner.Ignored
DislikedWell, finally made it here after reading the thread from first to last only to find Bob has deserted his post and gone on holiday!
Apprecite all the hard work and contributions that have gone into the thread so far - thanks all.
Time to fire up the demo a/c and get to grips with it.
Justin - thanks for recommending the thread, really appreciate it.Ignored
DislikedI just would like to thank Bob and everyone over here.
I have a quick question regarding the 242 method, when we close the first level trade as a losing trade, will the EA close the other two levels automatically because it is programmed to do so? Or should we turn off the EA before closing the first level trade to prevent the EA from closing the other two levels?
Thanks again..Ignored
DislikedI just would like to thank Bob and everyone over here.
I have a quick question regarding the 242 method, when we close the first level trade as a losing trade, will the EA close the other two levels automatically because it is programmed to do so? Or should we turn off the EA before closing the first level trade to prevent the EA from closing the other two levels?
Thanks again..Ignored
DislikedAt what point would you decide to turn off the 180x100 3L EA and switch to a 242 strategy? Since 3 levels in the 180x100 is considered to be within the normal range, how far past the third level do you call it a failure in need of recovery? Also, what direction do you choose for the 242 in this event?
e.g. My 180x100 EA went short 3 times as price went up through the 3 levels. Now price is continuing up and I'm getting worried. How far past this third level is "too far". If I try to initiate recovery with a 242 setup would I go short or long...Ignored
DislikedWhen you get to the range of a 4th level or a good support or resistance line is when I start my 242 system...Ignored
DislikedWhen you get to the range of a 4th level or a good support or resistance line is when I start my 242 system. I would turn off the EA, close out my 1st level trade so I only have 2 on the screen. I then manually enter the 3rd level at resistance if a sell or support if a buy. The 3rd level lot is the same as the remaining level which was the 2nd level but is now your first level trade. You are looking for a retrace that gets back to the third level entrance or what is now the 2nd level entrance. So if your first level is 1 lotand it goes against...Ignored
DislikedI think I"m understanding your 242 strategy but want to make sure.
(a) L1 trade- 1 lot
( b) L2 trade- 2 lots
(c) L3 trade- 3 lots
When (c) opens and price continues against you another 180 pips or so, turn off the EA and close (a), wait for a resistance or support level, open another trade at 3 lots. Try to ride it back to entrance of (c). Is 3 lots the correct lot size for my manual trade in this situation?. Thanks much.Ignored