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Quoting The flame
probably ma high AND price weren't > bbhigh at the same time...it happens...
or maby cause that sell at the bottom was opened by the same EA, it doesnt do re-entries... which is something im trying to get someone to help me code with out much luck..
Grabbing the bull by the horns!
Quoting The flame
probably ma high AND price weren't > bbhigh at the same time...it happens...
thank you very much, but another time it doesn't open on gbpjpy, you think i have any problem? in demo last week it works, on expert advisors or diary there isn't any message....

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Quoting huckcheever
thank you very much, but another time it doesn't open on gbpjpy, you think i have any problem? in demo last week it works, on expert advisors or diary there isn't any message....

Attachment
check carefully it doesn't look like ma high is higher than bb up!

EDIT: maybe better this way..now is rocketing up!!
Quoting The flame
check carefully it doesn't look like ma high is higher than bb up!

EDIT: maybe better this way..now is rocketing up!!
it's true, thank you.
Quoting huckcheever
thank you very much, but another time it doesn't open on gbpjpy, you think i have any problem? in demo last week it works, on expert advisors or diary there isn't any message....

Attachment
The EA doesnt enter until the MA line crosses the BB line not price. This was a modification to give you better entrances on spikes or price going against you. In some tests this protected your entrance up to 50 pips or more on a spike and gave you entrances above/below the lines. Most often price will not enter until the next candle.
Quoting nanningbob
It is too bad politicians arent trained in basic economics. Australia has had several years of saving up for rainy days. I dont know if they did or not but some body should have realized the China buy buy buy would not go on forever. I dont know how much China will be cutting back and how much that will affect you totally but I think it will affect you over the coming year at least if not more. Good luck down there, we in the USA are just starting, maybe tongue in cheek here, that we just cant keep borrowing borrowing borrowing. Government cost...
Got to agree with you there Bob. I'm Australian, and we just replaced an elected Prime Minister for trying to think long term and save something from our China led resources boom. He (Kevin Rudd) tried to implement a very sensible resources tax on our mining industry, they (the mining industry)
ran a $40m public scare campaign, the media picked it up, polls looked bad, and Kevin was replaced by his own party. Cheapest buy-out of democracy for short term business interests ever.

Sad. But not untypical.
We in aussie have gone from a $20bil credit to the biggest deficit in the history of the country in just 3 years if this keeps up we will make USA look good SAD SAD SAD
Quoting f451
Got to agree with you there Bob. I'm Australian, and we just replaced an elected Prime Minister for trying to think long term and save something from our China led resources boom. He (Kevin Rudd) tried to implement a very sensible resources tax on our mining industry, they (the mining industry)
ran a $40m public scare campaign, the media picked it up, polls looked bad, and Kevin was replaced by his own party. Cheapest buy-out of democracy for short term business interests ever.

Sad. But not untypical.
if he was so interested in saving $ he wouldnt have gone $100billion into deficit after 11 years of eroding the prior deficit by the prior govt... id hardly call stealing from business a noble plight of govt
Grabbing the bull by the horns!
Dont know much about Aussie govt. spending but sounds like they bought the same bill of goods our politicians bought here in the USA. Cut taxes, increase govt. spending and everything will be fine. OH well, enough of politics before I get myself into trouble again.

I just had a thought. I have always believed that MT4 has in its programming that if a SL or margin call is near it will move price to that point and then reverse. One of the biggest reasons I dont use SL and trade very small, eliminates that factor from my trading. On recovery trades, I am going to try to put the losing trade TP just a couple of pips from the TP of the profit trades and see if it hits those. I have seen several times where I will have a TP and SL the same and it just misses it. Sooooooooooooo ......... I am going to put the losing trade TP one or two pips behind the SL pips and see if I can get that computer program to work in my favor. So lets say my BE even point is 1.6355. I put my loser at 1.6355, and the MT4 programming, which is denied by all parties, that likes to hunt SL or TP for negative trades will go after it and then my winner trades behind it at 1.6352. Hoping momentum will carry it right into my profits and I ensure my BE trade. Just a strategy thought. Tired of those near misses.
Quoting nanningbob
I just had a thought. I have always believed that MT4 has in its programming that if a SL or margin call is near it will move price to that point and then reverse. One of the biggest reasons I dont use SL and trade very small, eliminates that factor from my trading. On recovery trades, I am going to try to put the losing trade TP just a couple of pips from the TP of the profit trades and see if it hits those. I have seen several times where I will have a TP and SL the same and it just misses it. Sooooooooooooo ......... I am going to put the losing trade TP one or two pips behind the SL pips and see if I can get that computer program to work in my favor. So lets say my BE even point is 1.6355. I put my loser at 1.6355, and the MT4 programming, which is denied by all parties, that likes to hunt SL or TP for negative trades will go after it and then my winner trades behind it at 1.6352. Hoping momentum will carry it right into my profits and I ensure my BE trade. Just a strategy thought. Tired of those near misses.
Another way around this might be to use mptm's hidden tp and sl features.

I hardly ever use them, but they were coded for a contributor complaining about exactly this sort of behaviour. Probably set it to manage all trades and make your selections in the "Hidden stop loss settings" and "Hidden stop loss settings" sections.

These might not be flexible enough. You might need PipsAwayFromVisualxx inputs, along the lines of the jumping and trailing stops. Give it some thought and let me know.

I just had a look at mptm's code to refresh my memory about how the hidden sl/tp functions work. It would only be the work of minutes to add the features I described in my previous post.

For example I could add PipsAwayFromVisualTP. If you set this at, say, 5 pips and your tp was 1.6000, then mptm would close the trade at 1.5995 etc.

Actually it is the opposite I am thinking about. I want them to go hit the TP/SL and close out my BE trade. IN other words I am using their own programming against them to my benefit. Go ahead and hit the losing part of my trade, I win.
Quoting nanningbob
Actually it is the opposite I am thinking about. I want them to go hit the TP/SL and close out my BE trade. IN other words I am using their own programming against them to my benefit. Go ahead and hit me SL/TP and I win.
I think that may be brilliant. I have to think about it.
Quoting nanningbob
Actually it is the opposite...
Fantastic, using their own dodgy practices against them.

I strongly advise anyone who wishes to use the hidden features of the mptm to test their setting in demo before using it on the live account. The reason being that if using hidden jumping and trailing stops in conjunction with fixed Sl and Tp can cause conflicts which may result in some trades being closed prematurely.

I am talking from experience, however, I may have made something moronic (i.e. idiotic) to cause the problems.

Kind regards
Quoting nanningbob
Actually it is the opposite I am thinking about. I want them to go hit the TP/SL and close out my BE trade. IN other words I am using their own programming against them to my benefit. Go ahead and hit the losing part of my trade, I win.
Sounds like Another Excellent Plan to me.

Hi Nanningbob,

Firstly, Thank You for your sharing spirit. It is helpful and inspiring to those of us trying to find our way in Forex.

Secondly, I have a question about fundamentals resources, if you can spare the time to answer. You've mentioned several times how you use fundamentals information to make decisions regarding pairs to trade and whether to stay in a trade or not, and probably some other aspects as well. This seems like a wise course of action. I can find plenty of fundamental information by web searching, but I wanted to ask if you could share what you use and how you go about staying abreast of the fundamentals. Is it just via Forex Factory news? Or, do you have additional specific resources? Like I mentioned above, I can find lots of information, but sifting through it all on a regular basis can be daunting, especially when you're still mired in the corporate world and time is limited. I'm looking for a more focused and reliable way to assimilate the fundamentals and hope you have some advice to offer.


Thanks in advance,

Knickalls
Quoting knickalls
...Knickalls
Sorry to barge in. My favourite site for forex is forexcrunch (gives the news the way you describe, in small easily digestable chunks), others find dailyfx and fxstreet useful as well. I suggest you google few and just browse through some and see which one you like.
Kind regards
Hi.
Hope everyone is doing good here. I have been in a couple of trades, i had eur/gbp stopped at be, and nzd/usd up about 300 pips but it is dropping at the moment and usdjpy witch i countertraded and is about -100 pips at the moment and eur/usd wich is -80 and dropping. But, I have been manually backtesting with the recovery strategy and it is impressive, it seems that the markets are ranging so much that you can eliminate almost all your losses with recovery strategy.
So im going to try to see that in action and how it goes when I take off those stoplosses. Maybe they are just in the way, taking you out before the trade gets any chance. Im trading very small lots so it shouldnt be a disaster as many seem to think about trading with no stoploss.

Regards
Doroteo
Quoting astral77
Sorry to barge in. My favourite site for forex is forexcrunch (gives the news the way you describe, in small easily digestable chunks), others find dailyfx and fxstreet useful as well. I suggest you google few and just browse through some and see which one you like.
Kind regards
my 2 cents: I just follow the regular news like I've always have done since I was a kid. The smaller financial news you may miss out on but the big stories that will move currencies will hit the mainstream news anyway (earthquakes, war, government bailouts etc.)
Quoting Doribj
Hi.
Hope everyone is doing good here. I have been in a couple of trades, i had eur/gbp stopped at be, and nzd/usd up about 300 pips but it is dropping at the moment and usdjpy witch i countertraded and is about -100 pips at the moment and eur/usd wich is -80 and dropping. But, I have been manually backtesting with the recovery strategy and it is impressive, it seems that the markets are ranging so much that you can eliminate almost all your losses with recovery strategy.
So im going to try to see that in action and how it goes when I take off those...
Me again: The key to trading without sl, in my experience, is to keep your positions small enough so you can deal with having lots of pips drawdown. I aim for 10,000 pips for the first level.

Another important thing is to keep trading the other, preferably non correlated, currency pairs while you are trying to recover. As your account grows you can either use your profits to cut down on your drawdown or just grow your account to the point where the drawdown is no longer significant.
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