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GBP/USD - one trade a day

  • #541
  • Mar 2, 2011 9:25am Mar 2, 2011 9:25am
Quoting dave0
just the seen cgrey's above post! looks like they still have some bugs to work out. hmmm.
yes i also faced same issue with another EA. It has some phantom trades that appear in MT4 but not in fxTrade. its a sync issue...

anyway i will do this system manually. we just need to place only one order and another to close. i can live with 10-20 sec delay because of manual trading.

in fact today i thought of placing couple of pips below the recent support but that would have extended ny SL to 25. if i had done that i would have survived the trade and ended up with a decent profit. respecting recent s/r line is crucial aspect
  • #542
  • Mar 2, 2011 9:30am Mar 2, 2011 9:30am
Quoting dave0
just the seen cgrey's above post! looks like they still have some bugs to work out. hmmm.
Yeah... I'll send you the specific code for my order opening later this evening (I'm going to be out most of the afternoon today) but it really is a simple OrderSend() first, followed by the OrderModify() to set the "safety" TP and SL. Everything failed for me today after the first OrderSend(). Managed to get the order in, but couldn't modify it after several tries, and had more failed attempts to close it, both at -20 pips and then again at 09:00, than I could count in the journal. I doubt the problem is your code.

I have seen many other issues so far as well, but today was definitely the worst of them. The demo for this system worked for the most part in Feburary (though it wasn't the one I was tracking). The "ghost" orders have been a real issue. According to one of my demos, I have both a long and short open for the same pair, which is really great, since they don't allow hedging .
  • #543
  • Edited 5:06pm Mar 2, 2011 9:31am | Edited 5:06pm
I have yet to use their MT4 since it's new to them. I have had no major problems with their fxtrade platform, so I will continue to use that (even though I'm not trading this strategy because of the hours).

Dave, what do you mean by "take off Tony112 style"? Never heard of that before. Hope I don't sound like I live under a rock, haha.
  • #544
  • Mar 2, 2011 9:32am Mar 2, 2011 9:32am
Quoting roundrock
yes i also faced same issue with another EA. It has some phantom trades that appear in MT4 but not in fxTrade. its a sync issue...

anyway i will do this system manually. we just need to place only one order and another to close. i can live with 10-20 sec delay because of manual trading.

in fact today i thought of placing couple of pips below the recent support but that would have extended ny SL to 25. if i had done that i would have survived the trade and ended up with a decent profit. respecting recent s/r line is crucial aspect
I really am going to need to start getting up at 3am my time or move to London. I'm not a fan of EAs in general. Use one for this out of necessity...
  • #545
  • Edited 5:08pm Mar 2, 2011 9:35am | Edited 5:08pm
Quoting cgrey
I really am going to need to start getting up at 3am my time or move to London. I'm not a fan of EAs in general. Use one for this out of necessity...
How cool would it be to live in different parts of the world for certain periods of the year just to trade FX strategies.
  • #546
  • Mar 2, 2011 1:25pm Mar 2, 2011 1:25pm
Quoting 2+2=4ex

Dave, what do you mean by "take of Tony112 style"? Never heard of that before. Hope I don't sound like I live under a rock, haha.
2+2, Dave is referring to Tony112's thread (central banks and big players)

Check it here http://www.forexfactory.com/showthread.php?t=156106

The rules are: entry on E/U taking the initial direction of the market at london and NY opens.

Initial SL is 2 pips including spread (this system needs spread 0.9, unusual these days)

TP is 140, 200, 600 pips, whatever...

So, if price does not take off imediately, he is out of the market with 2 pips lost...

And yes, you live under a rock. The thread will be two years old in two days.

No offence, just kidding...
  • #547
  • Mar 2, 2011 3:40pm Mar 2, 2011 3:40pm
On my platform it came within .5 pip of the sl and turned around for profit.
  • #548
  • Mar 2, 2011 8:03pm Mar 2, 2011 8:03pm
I once again removed the myfxbook link from the first post. OANDA's demo is a mess, so this won't be an accurate representation anyway. I'm not going to link my live account to myfxbook, so you'll just have to trust me for the results. Hey, it's one trade a day... You can just as easily verify the results for yourself in about 10-seconds.

Currently for March, 2011: -4.96%
  • #549
  • Mar 3, 2011 8:32am Mar 3, 2011 8:32am
So how'd it go this morning?
  • #550
  • Mar 3, 2011 8:33am Mar 3, 2011 8:33am
open GBP/USD sell order at 1,6291
  • #551
  • Mar 3, 2011 9:04am Mar 3, 2011 9:04am
Quoting selu
open GBP/USD sell order at 1,6291
Not sure what system you're trading! It should have been a BUY at around 1.6318. Closed up a pip or so at 09:00 GMT.
  • #552
  • Mar 3, 2011 9:12am Mar 3, 2011 9:12am
Quoting erwal
Not sure what system you're trading! It should have been a BUY at around 1.6318. Closed up a pip or so at 09:00 GMT.
Just checked the candles and it appears like a small gain or breakeven as you suggested.
  • #553
  • Mar 3, 2011 9:23am Mar 3, 2011 9:23am
Quoting 2+2=4ex
Just checked the candles and it appears like a small gain or breakeven as you suggested.
Small gain or loss, depending on spread. I had a net loss of 0.6 pps.
  • #554
  • Mar 3, 2011 7:41pm Mar 3, 2011 7:41pm
Well, I'm totally done with OANDA's MT4 demo now. I have three different demos. Right now, in one of them, I still have two open orders for the same pair in opposite directions. They have appeared and disappeared throughout the day. In the second, I can't place any orders - nothing but "off quotes" when I try. In the third, I have been trying to close an open order, and the platform just hangs - no message at all.

Too bad, I really had nothing against OANDA. This is the first experience I've had with them since having a small live account with them a few years ago. This time around, I didn't use their fxtrade platform, since I was focused on having MT4 to run my EA for this system - I'd imagine it is still a decent platform. But they are definitely not serving the purpose I had in mind this time around, so I will get a new demo opened elsewhere for the rest of this month. I just don't have it in me tonight, so tomorrow's trade will be a "paper" trade - I'll calculate what would have been based on the current balance as of now.
  • #555
  • Mar 4, 2011 1:38am Mar 4, 2011 1:38am
Quoting selu
open GBP/USD sell order at 1,6291
closed yesterday GBP/USD sell order at 1,6261
  • #556
  • Mar 4, 2011 2:04am Mar 4, 2011 2:04am
Haha! No worries about having to paper trade - it was a No Trade day today (within 9 pips).
  • #557
  • Mar 4, 2011 4:38am Mar 4, 2011 4:38am
Quoting selu
closed yesterday GBP/USD sell order at 1,6261
Your trade seems to have nothing to do with the system posted in this thread. Someone else asked you yesterday to explain how you came up with your trade. Since you didn't answer, and posted again with an unrelated trade, I have removed your ability to further post in this thread.
  • #558
  • Mar 4, 2011 9:57am Mar 4, 2011 9:57am
42 pips profit today. be for month
  • #559
  • Mar 4, 2011 2:33pm Mar 4, 2011 2:33pm
Four days into month of march and have hit my +10% of starting balance. All rules same as before(post521)

4 Trades
1 loss -20pips
1 win for 1 pip
2 wins +61pips.
Thing is, what to do now? Cgrey advises having rest of month off, which I think is probably the right thing to do, but we still have about 15 or so trading days left in month, seems a shame to let them pass by.
What to do......
What to do......
Have a good weekend to all and once again many thanks to cgrey for good, simple way to trade.

Geoff
  • #560
  • Mar 4, 2011 2:38pm Mar 4, 2011 2:38pm
Quoting GEOFFREY62
Four days into month of march and have hit my +10% of starting balance. All rules same as before(post521)

4 Trades
1 loss -20pips
1 win for 1 pip
2 wins +61pips.
Thing is, what to do now? Cgrey advises having rest of month off, which I think is probably the right thing to do, but we still have about 15 or so trading days left in month, seems a shame to let them pass by.
What to do......
What to do......
Have a good weekend to all and once again many thanks to cgrey for good, simple way to trade.

Geoff
Yep, you know what I'd do. 3 weeks left in the month, and I've already hit my goal - sounds like vacation time to me. Obviously, the approach is different when this 10% represents 10% of a small account. Remember, my 10% is my single source of income for them month (not with this system, but my overal trading "business". Once I hit 10% in my real trading, that's the equivalent of getting all my paychecks for the month if I had a real job. You mean you'll pay me for the whole month on the 4th and I don't have to show up for work again until April 1st? Yea, I'll take that.....

Way to go, Geoff...

I've still got a ways to go.... 9-pip rule filtered out today's trade for me, which was a nice one. I'm sitting just around -5% so far for March.
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