DislikedHi Longbar,
My broker server time is +5GMT. So, at 3pm EST the chart shows the 8pm candle. Your EA looks at the candle or server time? or my computer's local time?Ignored
LongBar will have to tell you about the code.
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DislikedHi Longbar,
My broker server time is +5GMT. So, at 3pm EST the chart shows the 8pm candle. Your EA looks at the candle or server time? or my computer's local time?Ignored
DislikedHi Longbar,
My broker server time is +5GMT. So, at 3pm EST the chart shows the 8pm candle. Your EA looks at the candle or server time? or my computer's local time?Ignored
DislikedAfter a couple of losers last night, I've decided to turn off the EA until after the NFP on Friday. Things look a bit unstable.Ignored
Dislikedwrenski and yen, Were you hit with losses by ongoing trades or new trades? Or are announcements simply not such a big deal at H4 level?Ignored
DislikedI'll tackle a couple of your questions. In my case, I the losses were on new trades. All the profitable trades had already closed.
In regard to announcements, I think the impact is more related to the uncertainty in the market prior to the announcement, which can lead to some whipsaw trading.
All in all, it was still a profitable week, and I've got a few weeks now to plan my strategy prior to the December NFP. Good trading, all.Ignored
DislikedHi All
I agree with Yen44x. At the moment there is uncertainty in the market with several major releases this week. This causes many spikes and retraces. These may go for or against you, but with this kind of system it becomes a lottery if the markets do not have direction. I feel that you lose the edge and then it becomes a gamble.
The system generates trades for the rest of the month so I tend to be cautious during NFP week. I tend to take the trades that show up after the NFP signal, but am often caught out if the signal candle is large....Ignored
DislikedHi Mr ED,
I hope you don't mind me asking a couple of questions?
1. Do you keep track of your trades manually so you can see which times of day, days of the week are best for certain currencies or do you have some automated software. I have had a look at the Forex Control Centre software mentioned on a previous post. It displays information in an easy to read format but it doesn't allow you to filter times of day etc.
2. How do you reduce the number of bad trades. I have had some encouraging success recently but it would be great to reduce...Ignored
DislikedI agree... I got two bad trades from trading GPY-JPY. Somehow EUR-JPY is doing better.Ignored
DislikedHow is everybody's week going? I am currently losing the pips I made last week.Ignored
DislikedWrenski . . . you know I'm not going to show you up, so I'm dedicated to losing all my profits this week as well.
However, the week still has time to turn around, so we'll see what happens.Ignored