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Murrey Math Daily System

  • #121
  • Oct 25, 2009 8:04pm Oct 25, 2009 8:04pm
My Gbp/Usd trade has closed out @ 21 pips for a profit of $840.00 with 4 lots. it looks like the Trailing Step (TS) is working as the BES of 14 pips was set then the TS hit once for an additional 7 pips for my 21 pip total. Everything else is still active.
  • #122
  • Oct 25, 2009 9:07pm Oct 25, 2009 9:07pm
Quoting mer071898
My Gbp/Usd trade has closed out @ 21 pips for a profit of $840.00 with 4 lots. it looks like the Trailing Step (TS) is working as the BES of 14 pips was set then the TS hit once for an additional 7 pips for my 21 pip total. Everything else is still active.
That's strange. I used Stealth V2 and mine's still in. I have noticed in the past with my MT4 station that the trailing stop doesn't work properly. It's almost as if every tick in the direction of the trade lowers the TS count and before you know it, the stop loss is met.
  • #123
  • Oct 25, 2009 9:55pm Oct 25, 2009 9:55pm
Remember, this is not a Trailing Stop but a Trailing Step. For example, If we take the trade I just closed where the BES was moved to 14 pips, I had a 7 pip TS on that trade. That means that the BES will move up in 7 pip increments, not every pip.

I don't know why your still in unless it has to do with the price I actually entered compared to you or it could be the spread difference as well.

Also, My Gbp/Chf trade has closed out @ 29 pips (BES-19 pips + TS-10 pips)for a profit of $2304.44 with 8 lots. Everything else is still active.
  • #124
  • Oct 25, 2009 10:04pm Oct 25, 2009 10:04pm
hmmm I have set up the stealth v2 and it didn't set up the TP SL yet look at the pics you will notice in the circles tp and sl is still 0.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: stealth1.jpg Size: 110 KB
Click to Enlarge Name: stealth2.jpg Size: 119 KB
  • #125
  • Oct 25, 2009 10:07pm Oct 25, 2009 10:07pm
I forgot to mention on my above post that I have the smiley face too which not shown on the images
  • #126
  • Oct 25, 2009 10:28pm Oct 25, 2009 10:28pm
Quoting mer071898
Remember, this is not a Trailing Stop but a Trailing Step. For example, If we take the trade I just closed where the BES was moved to 14 pips, I had a 7 pip TS on that trade. That means that the BES will move up in 7 pip increments, not every pip.

I don't know why your still in unless it has to do with the price I actually entered compared to you or it could be the spread difference as well.

Also, My Gbp/Chf trade has closed out @ 29 pips (BES-19 pips + TS-10 pips)for a profit of $2304.44 with 8 lots. Everything else is still active.
nice i hope you keep it up with these successfull trades...
  • #127
  • Oct 25, 2009 10:33pm Oct 25, 2009 10:33pm
Quoting mer071898
Remember, this is not a Trailing Stop but a Trailing Step. For example, If we take the trade I just closed where the BES was moved to 14 pips, I had a 7 pip TS on that trade. That means that the BES will move up in 7 pip increments, not every pip.

I don't know why your still in unless it has to do with the price I actually entered compared to you or it could be the spread difference as well.

Also, My Gbp/Chf trade has closed out @ 29 pips (BES-19 pips + TS-10 pips)for a profit of $2304.44 with 8 lots. Everything else is still active.
Ahhh, I know why I'm still in. Even though I moved the advisor onto the chart, I had Expert Advisors off! I just turned it on, so we'll see what happens later.
  • #128
  • Oct 25, 2009 10:36pm Oct 25, 2009 10:36pm
fed, that's the whole premise of the EA, to not be seen. When you manually place a TP and a SL, it will show up in the terminal and the broker can see it. The Stealth EA's TP and SL are internal and not seen by the broker, so it shouldn't show up on the terminal at all (see pic). You should also uncheck "Confirm DLL function Calls".

This is just a suggestion (you may leave it at whatever level you want), I would highly suggest a larger SL as 71 pips is really too small on a daily timeframe and you'll be stopped out more often than not, remember it is only used as an emergency stop. If the trade goes bad we will close it out well before the SL anyhow.
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 90 KB
  • #129
  • Oct 25, 2009 10:39pm Oct 25, 2009 10:39pm
Quote
Ahhh, I know why I'm still in. Even though I moved the advisor onto the chart, I had Expert Advisors off! http://cdn.forexfactory.com/images/smilies/yim/sad.gif I just turned it on, so we'll see what happens later.

OOPS!!!! Done that before way too many times. I'm glad you figured it out.
  • #130
  • Oct 25, 2009 10:45pm Oct 25, 2009 10:45pm
Quoting mer071898
fed, that's the whole premise of the EA, to not be seen. When you manually place a TP and a SL, it will show up in the terminal and the broker can see it. The Stealth EA's TP and SL are internal and not seen by the broker, so it shouldn't show up on the terminal at all (see pic). You should also uncheck "Confirm DLL function Calls".

This is just a suggestion (you may leave it at whatever level you want), I would highly suggest a larger SL as 71 pips is really too small on a daily timeframe and you'll be stopped out more often than not, remember...
nice, if it won't show and if my broker won't know then I like this. thanks for your suggestions
  • #131
  • Oct 25, 2009 10:48pm Oct 25, 2009 10:48pm
Not a problem, I've had so many trades stop hunted by retail brokers over the years it's funny, and the don't try and hide it either.
  • #132
  • Oct 25, 2009 10:52pm Oct 25, 2009 10:52pm
But with 5 digit brokers which I am with one forex.com, do I have to include the 5th digit?
  • #133
  • Oct 25, 2009 10:54pm Oct 25, 2009 10:54pm
Quoting mer071898
Not a problem, I've had so many trades stop hunted by retail brokers over the years it's funny, and the don't try and hide it either.

tell me about it it is very frusting to see your trade is closed out by 1-2 pips just because my broker increased their spreads...
  • #134
  • Oct 25, 2009 11:01pm Oct 25, 2009 11:01pm
Quote
But with 5 digit brokers which I am with one forex.com, do I have to include the 5th digit?
I sorry, you lost me, what do you mean "include the 5th digit"?
  • #135
  • Oct 25, 2009 11:52pm Oct 25, 2009 11:52pm
Quoting mer071898
I sorry, you lost me, what do you mean "include the 5th digit"?
here is what I mean, you will notice that in circles the price will have 5 digits not 4 like most of the brokers out there. the first one will have aprice of 1.4550, with the 4 digit brokers that 0 at the end it wouldn't be there.
Attached Image (click to enlarge)
Click to Enlarge Name: mm3.jpg Size: 83 KB
  • #136
  • Oct 25, 2009 11:54pm Oct 25, 2009 11:54pm
I just looked at your images and noticed that your broker is also 5 digit
  • #137
  • Oct 26, 2009 12:07am Oct 26, 2009 12:07am
Okay, I see what you mean. No, you don't have to put in the extra digit. If your looking for 150 pip SL, just put in 150. The EA should work on a 4 or 5 digit broker with no issues.
  • #138
  • Oct 26, 2009 12:21am Oct 26, 2009 12:21am
Quoting mer071898
Okay, I see what you mean. No, you don't have to put in the extra digit. If your looking for 150 pip SL, just put in 150. The EA should work on a 4 or 5 digit broker with no issues.
thanks for your reply
  • #139
  • Oct 26, 2009 12:26am Oct 26, 2009 12:26am
No problem, again there are no stupid questions. If you don't ask, it'll come back and bite you in the a$$, guaranteed.
  • #140
  • Oct 26, 2009 12:39am Oct 26, 2009 12:39am
My Eur/Cad trade has closed out @ 18 pips for a profit of $684.27 with 4 lots. Everything else is still active. So far we've booked $3828.71 profit on 3 trades with 3 trades to go.
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