On all versions, it won't close out a pending trade... 
We are our own best indicator.
- #622
- Edited 7:38am Sep 30, 2010 2:24am | Edited 7:38am
Phover - I don't know if you are interested - Ive got an idea:
Its about not loosing money:
When i have TP on ATR the price goes in right direction, but in 9/10 of its way its going back. When I had ATR on for example 50 pips, now i have 40...30...20...-10...aso.
My proposition is - if price goes in right direction and has done 2/3 or 3/4 of its way, then could be set new SL X pips from maximum equity of that transaction.
Another idea - to cut losses, when pice rapidly goes in wrong direction and at the moment we have some profit from this transaction, the program could set SL on +1pips plus spread...
There coud be 2 variables:
1. Pips the price did in right way: ATR-X*ATR, where X=1/3, 1/4, 1/5 (part of way left)
2. SL X pips from point 1.
I dont hnow if it makes sense in real trading, but when I saw whow much price jumps in 1 4H candle - it could be good way for some of traders...
Sorry for english
added:
One more idea - TP options should be working only on timeframe we set (for example H4 or other good for us) or on all timeframes (wchich is now) While ago on H1 program closed profitable transaction set on H4. I was using H1 only to see bollinger bands, but ATR closed it.
Ok - No I know how to manage TP on timeframe (sorry)
Its about not loosing money:
When i have TP on ATR the price goes in right direction, but in 9/10 of its way its going back. When I had ATR on for example 50 pips, now i have 40...30...20...-10...aso.
My proposition is - if price goes in right direction and has done 2/3 or 3/4 of its way, then could be set new SL X pips from maximum equity of that transaction.
Another idea - to cut losses, when pice rapidly goes in wrong direction and at the moment we have some profit from this transaction, the program could set SL on +1pips plus spread...
There coud be 2 variables:
1. Pips the price did in right way: ATR-X*ATR, where X=1/3, 1/4, 1/5 (part of way left)
2. SL X pips from point 1.
I dont hnow if it makes sense in real trading, but when I saw whow much price jumps in 1 4H candle - it could be good way for some of traders...
Sorry for english
added:
One more idea - TP options should be working only on timeframe we set (for example H4 or other good for us) or on all timeframes (wchich is now)
While ago on H1 program closed profitable transaction set on H4. I was using H1 only to see bollinger bands, but ATR closed it.Ok - No I know how to manage TP on timeframe (sorry)
I'm doing extensive backtesting with all my routines actually...
Already some corrections have been done.
Don't use the basket jumping stops for now, it won't work in the version you have...
Mart
Your panel can be fitted by four different platforms, I think, unless on-NanningBob
It would be very handy if you could attach other kinds of platform-ever MT4
Maybe two or three platforms, platforms that Steve has produced various types of EA. is my mistake? or you can do? If it were possible from your dashboard or you could work directly with EA's NB, is "control" the development of three other EA that work automatically.
thanks
Romano
Hi Mart,
I could you please add the option to put a space in between the trailing candle high/low example 10 pips plus spread. Or at least make it trail it at the high/low plus the spread. The reason for this is pairs with a high spread of 5 or more pips may be stopped out in a ranging market right before the price hits the high/low of the previous candle and reverses.
I looked at your code and found the section where the order is found and modified but i didnt want to screw with it and potentially mess something up.
Another suggestion i found works good for these types of exit strategies is program the trailing candle stop to move down one period after "x" amount of pips. So lets say I want to trail by every 4H period, and after 100 pips I want to trail it by 1H. It will allow me to keep more profit.
And last a trailing stop based on ADX would be super if you have time
Thank you.
I could you please add the option to put a space in between the trailing candle high/low example 10 pips plus spread. Or at least make it trail it at the high/low plus the spread. The reason for this is pairs with a high spread of 5 or more pips may be stopped out in a ranging market right before the price hits the high/low of the previous candle and reverses.
I looked at your code and found the section where the order is found and modified but i didnt want to screw with it and potentially mess something up.
Another suggestion i found works good for these types of exit strategies is program the trailing candle stop to move down one period after "x" amount of pips. So lets say I want to trail by every 4H period, and after 100 pips I want to trail it by 1H. It will allow me to keep more profit.
And last a trailing stop based on ADX would be super if you have time
Thank you.
Hi Mart
If you are still reading this and plan to come back (please
) then I have an observation.
I have noticed cases when the price is between Gold and Green but neither the P nor S lights are on at all. Looking at the actual price I found it to be 50 pips above green and 30 below gold. Does the green light go off when price is above it by more than a certain number of pips?
What should happen in theory is that as long as price >= green line then S=Green.
I eblieve the same happens when price is well above Gold for the P light.
Have a look when you have the time.
Z
p.s. The NB5 system will start working again so please do not abandon the V3 project
If you are still reading this and plan to come back (please
) then I have an observation.I have noticed cases when the price is between Gold and Green but neither the P nor S lights are on at all. Looking at the actual price I found it to be 50 pips above green and 30 below gold. Does the green light go off when price is above it by more than a certain number of pips?
What should happen in theory is that as long as price >= green line then S=Green.
I eblieve the same happens when price is well above Gold for the P light.
Have a look when you have the time.
Z
p.s. The NB5 system will start working again so please do not abandon the V3 project
Hi Mart
If you are still reading this and plan to come back (please
I have noticed cases when the price is between Gold and Green but neither the P nor S lights are on at all....
No no, I don't abandon the system, trust me! I'm still looking in the forum but I'm so busy actually. We are in the process of moving our business in a new address and I'm in charge of scheduling everything, follow contractors works, etc... it takes a lot of time. I'm sorry for not being so responsive actually, but things should calm down in one or two weeks... (hope)
Later,
Mart
Thanks - Zr-fx
BTW - My dream is to integrate this panel with THIS strategy. It must not be full automated...
Now I'm using that panel not exactly with NH4 system, but I'm trying to figure my own way to do some money...
BTW - My dream is to integrate this panel with THIS strategy. It must not be full automated...
Now I'm using that panel not exactly with NH4 system, but I'm trying to figure my own way to do some money...