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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

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  • #196,561
  • Feb 16, 2010 2:50pm Feb 16, 2010 2:50pm
what el-wave is telling now... its 5 min chart ... i hope it will be useful ...
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  • #196,562
  • Feb 16, 2010 2:50pm Feb 16, 2010 2:50pm
Quoting smokemachine
I don`t really get how it works...??? can someone please explain it to me...!!!?
i can't explain, for i am not using it. considering the underlying concept to grow into my trading plan. have to thing about commissions though. a sl/tp doesn't cost the spread charged, but an order will, so sl/tp has to be adjusted.

just thinking about it...
  • #196,563
  • Feb 16, 2010 2:50pm Feb 16, 2010 2:50pm
Quoting mmccormac
I was talking about currency options, or long term index puts since he was shorting the whole way up.
oh right i c sorry my quote of u got messd up ther my pc is painfully slow at the moment, and to skyzer for my slow replys.
  • #196,564
  • Feb 16, 2010 2:56pm Feb 16, 2010 2:56pm
Quoting nms4716
Hey Tah how are you? I am good, 7 inches of snow today in the NY area and still falling!!!
im fine too ,thnx, then Forex is very nice and safe in these conditions ... take care...
  • #196,565
  • Feb 16, 2010 3:00pm Feb 16, 2010 3:00pm
Quoting smokemachine
I don`t really get how it works...??? can someone please explain it to me...!!!?
What you mean? You don't know how EA's working in general? Or you don't get it how

"Hidden" SL/TP working?

Instead of Placing real SL/TP EA just looking at your Entry price

and depends on the settings will close your Trade either

at Loss or Profit + it's also have Trailing Stop capability..

Let's say you have TP set at 100 pips And Trailing Stop 20 pips

Trailing step = 5

means when your trade moves over 20 pips in profit

EA will move Stop Loss 20 pips below the Current price and then every 5 pips

up will also move Trailing Stop Loss Until either Actual Take profit 100 pips

reached or Trailing stop taking off on the way down.

Capisc?
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  • #196,566
  • Feb 16, 2010 3:02pm Feb 16, 2010 3:02pm
Quoting IMARICH1
Thought this was interesting.....it appears there is no win-win situation really for EU or Greece....it has to fall at some point...to each there own....

 "They offered nothing,” said Jochen Felsenheimer, a credit expert at Assenagon in Frankfurt. “It was just words without any concrete measures, hoping to buy time.”

.
The Euro is going to go down in a big way. Some are saying 1.000 in the longer term
  • #196,567
  • Feb 16, 2010 3:06pm Feb 16, 2010 3:06pm
Quoting SkyzerFX
What you mean? You don't know how EA's working in general? Or you don't get it how

"Hidden" SL/TP working?

Instead of Placing real SL/TP EA just looking at your Entry price

and depends on the settings will close your Trade either

at Loss or Profit + it's also have Trailing Stop capability..

Let's say you have TP set at 100 pips And Trailing Stop 20 pips

Trailing step = 5

means when your trade moves over 20 pips in profit

EA will move Stop Loss 20 pips below the Current price and then every 5 pips

up will also move Trailing Stop Loss...
yea...! Actually I thought you have to move sl manually up or down I did not know that it can be done automatically...! that`s cool...!
But can you explain me how that hidden thing work...?
Sorry if I am annoying you with my questions...!
  • #196,568
  • Feb 16, 2010 3:08pm Feb 16, 2010 3:08pm
For the next few weeks, i think technical analysis is going to be largly irelevant when trading the EUR. Watch your fundamentals.
  • #196,569
  • Feb 16, 2010 3:15pm Feb 16, 2010 3:15pm
this rise, significant levels.
1,383x
1,388x
1,397x
Max : 1,402x

Feb 11 / 2010

Quoting Optimum
parity in the euro area improvement can be seen in the 142. 142 not out on bear market. if it rises above 142. permanently to the circuit enters the bulls.

important level. : 402x
Quoting Optimum
re-long. Because a general recovery system on the European future works.
This is why the market power of the bull for a while.

Euro zone in under 1.35 is not ready. and now will not fall. recovery again.then maybe. was a very valued dollars. realization snow comes. then will appreciate. but I do not think that now. I showed it to chart.
  • #196,570
  • Feb 16, 2010 3:16pm Feb 16, 2010 3:16pm
Quoting smokemachine
But can you explain me how that hidden thing work...?
Sorry if I am annoying you with my questions...!
I already did, "Hidden" only because when you place your order, EA

doesn't place real TP of SL, instead EA just tracking the the Price of the

Pair and when Price gets to TP or SL it will just close your trade, so

Broker will never see your SL or TP area, because those were never Entered.

It's like you manually sit and watch the trade with (0.00 SL and 0.00 TP)

and just close it at either LOSS or Profit manually, that's it.
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  • #196,571
  • Feb 16, 2010 3:17pm Feb 16, 2010 3:17pm
Hi smokemachine,

If I am correct the SL is hidden meaning you set your EA for the SL but it does not show on the chart.
Could be of some help with the "stop hunters"
Dean

Quoting smokemachine
yea...! Actually I thought you have to move sl manually up or down I did not know that it can be done automatically...! that`s cool...!
But can you explain me how that hidden thing work...?
Sorry if I am annoying you with my questions...!
  • #196,572
  • Feb 16, 2010 3:20pm Feb 16, 2010 3:20pm
Quoting SkyzerFX
I already did, "Hidden" only because when you place your order, EA

doesn't place real TP of SL, instead EA just tracking the the Price of the

Pair and when Price gets to TP or SL it will just close your trade, so

Broker will never see your SL or TP area, because it was was never Entered.

It's like you manually sit and watch the trade with (0.00 SL and 0.00 TP)

and just close it at either LOSS or Profit manually, that's it.
oh, that's the idea... bad idea! if the process of mt4 crashes, you're seriously busted... and we're talking windows here, keep that in mind.
  • #196,573
  • Feb 16, 2010 3:23pm Feb 16, 2010 3:23pm
Reverse to long, open from early 1.36s.

Do not see any move back down if/until a move back below 1.37.

Still see the longterm down trend line at/around late 1.38s. So we might see a teeter-totter action until a move above 1.39.
  • #196,574
  • Feb 16, 2010 3:27pm Feb 16, 2010 3:27pm
Hello Mr. Hatch,

If you use EAs you must use a good VPS service.
The one I use allows live migration to another server if trouble comes with no downtime loss.
Dean



Quoting Mr Hatch
oh, that's the idea... bad idea! if the process of mt4 crashes, you're seriously busted... and we're talking windows here, keep that in mind.
  • #196,575
  • Edited 4:06pm Feb 16, 2010 3:30pm | Edited 4:06pm
Quoting Mr Hatch
oh, that's the idea... bad idea! i
Ok, but the Trailing STOP is real.. Anyways I never have MT4 crashing

problems Server is running 24/7/365 non-stop.

And for you, guys, who just want simple SL/TP you can use this EA..

Enter stop loss/take profit. Just place trade and EA will then edit

SL/TP according to the settings. Simple one.
Attached File(s)
File Type: mq4 StopLoss and TakeProfit Manager.mq4   2 KB | 370 downloads
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  • #196,576
  • Feb 16, 2010 3:33pm Feb 16, 2010 3:33pm
3746
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  • #196,577
  • Feb 16, 2010 3:40pm Feb 16, 2010 3:40pm
Quoting paulw6182
3746
I have 1 short on Cable, but I don't see how it's going to work.

Will probably close it soon. Bare in mind EU more likely to move higher

overnight and then tomorrow Real bunch of News, shorts might will have

10 pips relieve rally
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  • #196,578
  • Feb 16, 2010 3:40pm Feb 16, 2010 3:40pm
Normally retrace happens after some time, 50% or the whole move.

But after this kind of big move, i do not expect that pretty soon, but i am quite sure that 1.3735 will be played which means that usd/chf goes to check 1.0700, probably Asia fill fix that.
They think they are smarter than I am.
  • #196,579
  • Feb 16, 2010 3:40pm Feb 16, 2010 3:40pm
starting to construct short position....
  • #196,580
  • Feb 16, 2010 3:42pm Feb 16, 2010 3:42pm
3706
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