Hi,
I am testing my EA for this method (developed from the existing one in this thread).
question to the master of the technique: My EA puts pending orders as you would do manually. In order to do that the price has to be below signal bar high (buy signal). So my question is what do you do if you get signal bar close and price goes above high immediately. Do you cancel the trade and put imaginary SL TP from where you look for another signal. Or if price comes back below high of the signal bar you put this pending order ?
Hi,
question to the master of the technique: My EA puts pending orders as you would do manually. In order to do that the price has to be below signal bar high (buy signal). So my question is what do you do if you get signal bar close and price goes above high immediately. Do you cancel the trade and put imaginary SL TP from where you look for another signal. Or if price comes back below high of the signal bar you put this pending order ?
Hi,
question to the master of the technique: My EA puts pending orders as you would do manually. In order to do that the price has to be below signal bar high (buy signal). So my question is what do you do if you get signal bar close and price goes above high immediately. Do you cancel the trade and put imaginary SL TP from where you look for another signal. Or if price comes back below high of the signal bar you put this pending order ?
Ignored
I try to put the order in the market, either by placing a limit order or entering at market price if price goes bellow entry.
Hi,
Let me understand this. Lets say the market goes up. You cant put pendig order because market goes further up. In this case you open market order ? ... but you said when you dont take order you play imaginary trade. - so lets say its true.
So now you wait and market goes below the entry level so you are able to put pending order buy. Are you putting it or not ?
So for programers such details are very important because they can change resutls.
Hi,
Let me understand this. Lets say the market goes up. You cant put pendig order because market goes further up. In this case you open market order ? ... but you said when you dont take order you play imaginary trade. - so lets say its true.
So now you wait and market goes below the entry level so you are able to put pending order buy. Are you putting it or not ?
So for programers such details are very important because they can change resutls.
Ignored
Lizu, I put a market order if the price retracts to levels bellow the original entry before I could place a pending or limit.
I've been following your thread with interest about a week now and planning to start forward testing in a couple of days.
I just came across to a situation and would like to ask your opinion about that. As you will see in the attachment, we have a signal bar. But, the price cannot penetrate it in 3 bars, so I delete the pending order. Now, when I look back, the second bar also meets the signal bar criteria, and the price has not penetrated the entry point yet. Can we consider the second bar in the previous setup as a new signal bar and place a pending order according to that, or should we ignore all the previous bars and look for a brand new setup?
I've been following your thread with interest about a week now and planning to start forward testing in a couple of days.
I just came across to a situation and would like to ask your opinion about that. As you will see in the attachment, we have a signal bar. But, the price cannot penetrate it in 3 bars, so I delete the pending order. Now, when I look back, the second bar also meets the signal bar criteria, and the price has not penetrated the entry point yet. Can we consider the second bar in the previous setup as a new signal bar...
Ignored
Wait for the next setup, if you placed a order and it doesn't get hit on the next 3 candles, you wait for a new signal on the next bar. See post #1
gonso
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Statistics is a science which shows that if my neighbour has 2 cars
and I have none, then we have one car each.
I wait for PWR to clear +/- 0.0010 from 0. Scalping +4 back to 0 out. +5 back to 4 out at 4. +5+ I take +6 7 8 and on as long as it doesn't reverse. Average about +7. SL is length of candle with -15max. I use MT4 for charting and FX Trade Oanda for trading. Trade 3am 8am est. Unless necessary to go into NY/London market. EU only. My system works well but runs can hurt a bit as I only trade reverses with it. This is looking better every day.
I don't trust EA's and not one here operational from what I observe.
