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  • #2,981
  • Jul 19, 2010 8:09am Jul 19, 2010 8:09am
Quoting charvo
i deleted it, and will update again after i correct it.
Looking forward to seeing the EA. If it works out, I can translate it to the Oanda JAVA API.
  • #2,982
  • Jul 19, 2010 8:12am Jul 19, 2010 8:12am
Quoting PipsRus
Just a thought, has anyone tried multiple entries?
Mostly because of last night, once you were at 0SL, you could have put in another buy, and even then when it moved to 0SL, couldn't you have even opened another buy. There would be no more risk than the first trade.
Maybe I'm just being too greedy.
Because we are using 99% of our account on each trade so we don't have any available margin to enter additional trades.
  • #2,983
  • Jul 19, 2010 8:13am Jul 19, 2010 8:13am
I was long (stopped)...some are short. Clearly just data feed. Both my Oanda and Ninjatrader were green candles.
  • #2,984
  • Jul 19, 2010 8:13am Jul 19, 2010 8:13am
Quoting fxrambo
this is the reason why i am on short and why r u on long?
Obviously, a M1 chart is different from a 5s chart like Tony does.
According to Tony´s rules, today NY Open must be a SL hit or a 0SL max.
No problem, most days will be like NY Open, we only need a few days like today´s London Open.....
  • #2,985
  • Jul 19, 2010 8:13am Jul 19, 2010 8:13am
Quoting DanUK
You should be able to tell from my last chart that I have lightening quick reactions and therefore it is of no concern to me!

Seriously though, I reopen the order box straight away and set to "modify" then enter in stoploss to breakeven so as soon as it actually happens I am already to press submit.

Regards,

Dan
If you are using OANDA, you can also just click on the stoploss line and move it to where you want it. This is what I do. As soon as the trade is opened I click on the SL line and have it positioned at break even so that as soon as I can I jam it in.
  • #2,986
  • Jul 19, 2010 8:14am Jul 19, 2010 8:14am
Quoting fxrambo
this is the reason why i am on short and why r u on long?
I did not take the NY open trade because I still have a position opened from London.
  • #2,987
  • Jul 19, 2010 8:42am Jul 19, 2010 8:42am
Hey Coolshades,
If you click on the red SL line after your order is filled, a little box appears that states what your SL is, click on this box and then wherever you want your stop to be move the cursor to there and click. you stop will be there.

Regards, JoeD


Quoting coolshades
i have read some posts where peeps move their s/l to 0 after 2-3 pips move from entry.

from a physical reaction point of view, how exactly do you do it? a 5 sec chart moves so fast, how on earth are you able to open your existing trade and modify it so quickly?
  • #2,988
  • Jul 19, 2010 8:50am Jul 19, 2010 8:50am
Quoting fxrambo
this is the reason why i am on short and why r u on long?
Ok, so you're not short according to Tony's original rules is what I was getting at.

Actually I am short too (or was... trade closed +2)... but only by accident; the first 5 second bar on NY open was up so that's a buy signal.
  • #2,989
  • Jul 19, 2010 8:52am Jul 19, 2010 8:52am
Quoting coolshades
whats the red horizontal line on your chart?
My stop!
  • #2,990
  • Jul 19, 2010 9:04am Jul 19, 2010 9:04am
So far I like this system, except for the midnight london open, and the 5 am NY open. If I can survive that, I think I'll be ok and this will work.
My first profitable trade and it was good.
Just wish I would have had more confidence and used a bigger lot size.
  • #2,991
  • Jul 19, 2010 9:08am Jul 19, 2010 9:08am
Quoting DanUK
Ok, so you're not short according to Tony's original rules is what I was getting at.

Actually I am short too (or was... trade closed +2)... but only by accident; the first 5 second bar on NY open was up so that's a buy signal.
mmh she is going up
  • #2,992
  • Jul 19, 2010 9:08am Jul 19, 2010 9:08am
Quoting DanUK
Ok, so you're not short according to Tony's original rules is what I was getting at.

Actually I am short too (or was... trade closed +2)... but only by accident; the first 5 second bar on NY open was up so that's a buy signal.
mmh she is going up i dont have a 5sec chart broker
  • #2,993
  • Jul 19, 2010 9:14am Jul 19, 2010 9:14am
Quoting fxrambo
mmh she is going up i dont have a 5sec chart broker
I still have 10% of my position open and right now its 85 pips up. I am probably going to just leave this endlessly open until I bank a few hundred pips. I've already banked 100 pips on 90% of my trade so I'm happy.
  • #2,994
  • Jul 19, 2010 9:27am Jul 19, 2010 9:27am
Quoting Beta4x
I still have 10% of my position open and right now its 85 pips up. I am probably going to just leave this endlessly open until I bank a few hundred pips. I've already banked 100 pips on 90% of my trade so I'm happy.
i closed mine @ 10pips so until tomorrow trail helps but wat i dont know is there any mt4 that has 5sec chart?
  • #2,995
  • Jul 19, 2010 9:39am Jul 19, 2010 9:39am
Quoting fxrambo
i closed mine @ 10pips so until tomorrow trail helps but wat i dont know is there any mt4 that has 5sec chart?
I'm just running Oanda on demo and entering the trade on my MT4 account, but yes it would be nice to have a 5 sec chart.
  • #2,996
  • Jul 19, 2010 9:48am Jul 19, 2010 9:48am
Quoting fxrambo
i closed mine @ 10pips so until tomorrow trail helps but wat i dont know is there any mt4 that has 5sec chart?
Try this link.
http://www.forexfactory.com/showthread.php?t=222230
  • #2,997
  • Jul 19, 2010 10:37am Jul 19, 2010 10:37am
Hi Guys,

Ive been following this thread for a while and looking to trade it live and join in the fun.

One question, since this new method of trading the initial direction was introduced how has it been doing, I can see today and last Friday were both winners, so is there someone who has been trading it like this for say the past month? Im presuming Tony will have a rough idea of how many pips it has made.

Another thing I have been thinking about is that if you are trading the initial move what significance does using the 5 second chart have? surely the 1 minute chart will do exactly the same job, I can see how using the 5 second chart with the method before made sense as you were following a good momentum.

cheers

Rump.
  • #2,998
  • Jul 19, 2010 7:20pm Jul 19, 2010 7:20pm
Ok, this EA is a tribute to Tony.

and you guys if interested and aware how to use EA in MT4.

The EA is capable of trading Asia, Europe, and U.S sessions.

each session, the EA will trade these pairs respectively. if you want to change them, edit the code yourself accordingly.
**************************************************
string AsiaPairs[] = {"AUDJPY","EURJPY","GBPJPY","USDJPY"};

string EuroPairs[] = {"EURJPY","EURUSD","GBPJPY","GBPUSD","EURGBP"};

string USPairs[] = {"EURUSD","GBPUSD","USDCAD","USDJPY"};
**************************************************

about settings:
......
extern bool TradeUS = true;---------------------// set 'true' to allow trading
extern int USMagic = 66663;-----------------// magic number for trading
extern string Note1 = "New York is GMT-4, so use '-4'.";
extern int GMTShift = -4;------------------------// input your local timezone offset from GMT, so that the EA will automatically capture 3 markets' open hours.
......
extern string Note2 = "How many seconds since market-open?";
extern int Seconds2Watch = 5;-------------------// Tony watches first 5 seconds......
......
extern double fixedLot = 0;-----------------------// Must set your position size here
extern string Note3 = "Set NOs below in 4-digit broker way";------// all numbers below will be automatically adjusted if brokers are 5-digits.
extern int TPunits = 140;
extern int SLunits = 2;
extern int BEpips = 10;----------------------------// Once 10 pips profit reached, break-even will kick in.
extern int LKpips = 1;------------------------------// break-even kicks in with 1 pip profit locked.

By downloading and using the EA, You agree that I am not responsible for any consequences of your operations of the EA.

enjoy, demo first, and let's feedback each other here.
Attached File(s)
File Type: mq4 Tony_ZERO RISK_charvo.mq4   17 KB | 1,092 downloads
  • #2,999
  • Jul 19, 2010 7:38pm Jul 19, 2010 7:38pm
Quoting charvo
Ok, this EA is a tribute to Tony.

and you guys if interested and aware how to use EA in MT4.

The EA is capable of trading Asia, Europe, and U.S sessions.

each session, the EA will trade these pairs respectively. if you want to change them, edit the code yourself accordingly.
**************************************************
string AsiaPairs[] = {"AUDJPY","EURJPY","GBPJPY","USDJPY"};

string EuroPairs[] = {"EURJPY","EURUSD","GBPJPY","GBPUSD","EURGBP"};

string USPairs[]...
Thanks. Will check it out.
  • #3,000
  • Jul 19, 2010 7:53pm Jul 19, 2010 7:53pm
Quoting charvo
Ok, this EA is a tribute to Tony.

and you guys if interested and aware how to use EA in MT4.

The EA is capable of trading Asia, Europe, and U.S sessions.

each session, the EA will trade these pairs respectively. if you want to change them, edit the code yourself accordingly.
**************************************************
string AsiaPairs[] = {"AUDJPY","EURJPY","GBPJPY","USDJPY"};

string EuroPairs[] = {"EURJPY","EURUSD","GBPJPY","GBPUSD","EURGBP"};

string USPairs[]...
doesnt appear to work in backtest. Trade went 60 in profit then came back and touched the price it opened at and the trade stayed open.
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