You are in a maze of twisty little passages, all alike.
- Joined Oct 2005 | Status: Pip Slappa Extrordinaire | 1,012 Posts
You are in a maze of twisty little passages, all alike.
Murrey Math indicator is very useful in Forex 68 replies
Murrey Math lines 6 replies
Daily Murrey Math settings 0 replies
Daily/Weekly Murrey Math 7 replies
Murrey math trading 1 reply
DislikedShouldn't the SL on GBPUSD be around 200 pips, and USDCAD be about 190?Ignored
QuoteDislikedStill a question about the EA if we set the real values for TP/SL and TS does anyone know what valuesthe dealer sees?
QuoteDislikedHow often do the values for the MM Lines recalculate? It appears that the values from last night and tonight are the same, at least on the GBP/JPY. I have closed and reopened the chart but no change in value. Thanks in advance to any who help with the answer.
QuoteDislikedAnyways, if following correctly the rules, the SL on GU should be around 440 pips and not 200. I attach a chart for you to see.
DislikedTrades taken:
Eur/Usd-Long- TP-52, SL-196, BE-26, BES-13, and TS-6, 8 lots
Gbp/Usd-Long- TP-40, SL-210, BE-20, BES-10, and TS-5, 2 lots
Gbp/Jpy-Long- TP-152, SL-490, BE-76, BES-38, and TS-19, 6 lots
Gbp/Chf-Long- TP-216, SL-280, BE-108, BES-54, and TS-27, 2 lots
Usd/Cad-Short- TP-46, SL-200, BE-23, BES-12, and TS-6, 8 lots
Eur/Cad-Short- TP-80, SL-170, BE-40, BES-20, and TS-10, 8 lotsIgnored
DislikedIgnored
DislikedHi
I think you will find it in the attachments section of the thread.
cheers
ab1Ignored
QuoteDislikedSo, one question.....I have six trades open, so am I right in saying that I only close any bad ones at 0:00 tonight. What I mean by that is any that close above/below the Murrey level that I opened with are considered bad.
QuoteDislikedI see in your trades last night that your TS is half of your Breakeven Shift, Ive adjusted mine accordingly, but in your opening instructions on how to use the system you suggest making that the same as the breakeven shift.
Any reason why you changed that or was that an error
QuoteDislikedBut the EURUSD does not have a lot of headroom to the next level and the level is even, so that would have meant to me be careful with this one.
Is it because it has a supporting candle pattern (Engulfing Bull).
So therefore do strong candle patterns overide the basic set up rules. Such as engulfing, pins, inside bars etc.
QuoteDislikedI see that the n the mt4 stats there aren't the new trades of this night. Are you using a real account now?
QuoteDislikedHi!
Great strategy with impressive results!
One thing I don't understand is how people can be making their calculations at different times?
The market doesn't adjust itself according to what broker you use!
If we want to replicate Scotts results I believe we should at least be using the same start time (23.00GMT) if not the same broker.
It cost nothing to download the collective fx demo and use it to make the calculations.. we can still place trades in our regular accounts.
Just my opinion, thanks