Skyline, can you code and post here the ea of these strategy?
Please....
Please....
- #82
- Apr 11, 2010 8:06am Apr 11, 2010 8:06am
- Joined Apr 2006 | Status: Metatrader Programmer | 1,422 Posts
- #83
- Apr 11, 2010 8:11am Apr 11, 2010 8:11am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Maybe you don't understand what I wrote before, this strategy cannot be turned into an EA there's too much discretion involved.
Cheers,
Skyline
You are likely right
but if you
1. found trend and strenght on the 30 min
2. found trend and strenght on the 5 min
3. found buy/sell sign on the 5 min
say a. candle formation or b. 1 2 3 break
4. let price ride until it crossed out on the 5 min chart
either emas or rsi.
would it not work?
was just wondering?
teb
- #85
- Apr 11, 2010 8:26am Apr 11, 2010 8:26am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Reasons TEB has indicated he would enter on the lower time frame (AFTER the higher time frame has indicated trend)
EMA cross
Candle formations
3 candle reversal
OB
pin bars
IB
Railway tracks
Break of S&R
Pull back to EMA
TEB....anything else??
Do you have a favorite of the entries I have listed?
the two best are I have found personally are
a.1.2 3. break
b. Inside Candle
c. the pull back is more pips more loses too;
d. S/R always great but you have to be care of Stop hunting
e. Outside candles and pen bars and railway tracks all work well.
f. trend line break works again more pips more loses
g. the weakest is the simple cross on the lowest trade. but it works as well remember price continues 85% of the time in the direction.
you have to find the trend and ride the wave.
cheers
teb
- #86
- Apr 11, 2010 8:29am Apr 11, 2010 8:29am
5o pairs?
again I said I only did it on the majors and mostly the eur/usd
most trending systems on 5 mins will not work on most pairs
no vol.
also what times where you trading again trading trend on a 5 min in off times
esp on none majors you will get killed !! for sure!!
teb
-50 pips - i traded ej, eu, cable, usdjpy, usdchf, usdcad over two days.
A few winners but a lot more losers so far - roll on next week. I will just trade two pairs only from Monday.
- #87
- Apr 11, 2010 8:48am Apr 11, 2010 8:48am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Not 50 pairs
-50 pips - i traded ej, eu, cable, usdjpy, usdchf, usdcad over two days.
A few winners but a lot more losers so far - roll on next week. I will just trade two pairs only from Monday.
a made over 500 pips for the week.
this system will work on almost any pair
some a lot better then others
ie the usd mxn I would not trade
Also where you doing two lots or just one .
the second lot as a runners is where you make the money right ?
the idea is to make a little on the 1st lot and make a lot on the second lot.
If you are using the swing for the stop loss (1 pip + spread plus swing right!!! )
But if the stop loss would be to much do not take the trade
say 25 pips maxum.
teb
- #88
- Apr 11, 2010 8:53am Apr 11, 2010 8:53am
- Joined Apr 2006 | Status: Metatrader Programmer | 1,422 Posts
You are likely right
but if you
1. found trend and strenght on the 30 min
2. found trend and strenght on the 5 min
3. found buy/sell sign on the 5 min
say a. candle formation or b. 1 2 3 break
4. let price ride until it crossed out on the 5 min chart
either emas or rsi.
would it not work?
was just wondering?
teb
Skyline
- #89
- Apr 11, 2010 9:18am Apr 11, 2010 9:18am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
no Teb , there's discretion involved (like candle formations or 1 2 3 breaks), EA cannot be coded when there's no mechanical, precise and repeatitive rules.
Skyline
Really?
1 2 3 breaks and IB cannot be coded?
I am not a programer so you may be right.
But a friend of mine who is a good one,
once told me once anything you can see can me coded.
but to be honest I don't do this because I eyeball it.
you can make lots between ( my time) 3-5 am & 8-10 & 4-5pm 8-10 pm est
cheers
teb
- #92
- Apr 11, 2010 11:00am Apr 11, 2010 11:00am
ok trade the eur/usd
a made over 500 pips for the week.
this system will work on almost any pair
some a lot better then others
ie the usd mxn I would not trade
Also where you doing two lots or just one .
the second lot as a runners is where you make the money right ?
the idea is to make a little on the 1st lot and make a lot on the second lot.
If you are using the swing for the stop loss (1 pip + spread plus swing right!!! )
But if the stop loss would be to much do not take the trade
say 25 pips maxum.
teb
- #93
- Apr 11, 2010 8:45pm Apr 11, 2010 8:45pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
anyone trading tonight?
the eur/usd has been good tonight
jpy crosses are doing well
teb
the eur/usd has been good tonight
jpy crosses are doing well
teb
- #95
- Apr 11, 2010 9:03pm Apr 11, 2010 9:03pm
- anyone trading tonight?
the eur/usd has been good tonight
jpy crosses are doing well
teb
Yep....I've been looking at the eurjpy....quite a gap today....may be the Greece Bailout news that broker earlier! Looks more like the London than the Asian
- #100
- Apr 12, 2010 3:08am Apr 12, 2010 3:08am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
hi every one
well its going to be a great day
usdjpy ( had some preset on it)
and aud/usd are having fun
so what are others trading
teb
well its going to be a great day
usdjpy ( had some preset on it)
and aud/usd are having fun
so what are others trading
teb