Waiting on the sidelines for the next break, it appears, GBPUSD (15m) is the closest to breaking at the moment.
1 trade per pair per year 6 replies
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Trading 24 hours per day, 5 days per week 14 replies
DislikedActually forexhard wants to see 2 bar closes as a price action confirmation of breakout.Ignored
DislikedHey guys, notice the time? What you guys are witnessing right now is an Asian shakeout. As such, I don't give it too much notice.
However, an EA would have already opened a Short by now according to my rules. But sitting here watching the chart live, I'm not convinced going Short right now is the thing to do -- at least not yet.
I'm just putting this out there to show that 1) a robot can never replace a person, and 2) the trader must always assume full responsibility for their trades/actions no matter what.Ignored
Disliked"That ended up being a very nice breakout to the upside."
You can say that again!Ignored
DislikedIf anyone wants to use it, I have added a simple trade management EA called Stealth V.2 that everyone can use. It's pretty straightforward with the parameters. Hidden stoploss and take profit are self explanatory. Breakeven will move the stop to BE after "X" number of pips. Breakeven Shift is the number of pips over BE that you want the stop moved to. For example, the default Breakeven Shift is 25, and the default BE is 100. So when price moves 100 pips in your favor, the EA will move the stop to BE +25 pips to lock in the profits. TrailStep will...Ignored
DislikedAs far as I know it works on both, you'll need to test it out for sure as I haven't used it in a long time.Ignored
DislikedI really don't think forexhard wants his thread to turn into an EA support thread.