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Price action momentum trading

  • #181
  • Sep 23, 2011 11:32am Sep 23, 2011 11:32am
Hi all, i need add this money management function to my EA.
Money management:

double lots;
datetime lastClose;
for(int pos=0; pos < OrdersHistoryTotal(); pos++) if (
OrderSelect(pos, SELECT_BY_POS, MODE_HISTORY) // Only orders w/
&& OrderCloseTime() > lastClose // not yet processed,
&& OrderMagicNumber() == magic.number // my magic number
&& OrderSymbol() == Symbol() // and my pair.
&& OrderType() <= OP_SELL // Avoid cr/bal forum.mql4.com/32363#325360
){
lastClose = OrderCloseTime();
if (OrderProfit() < 0) lots=0.1 else lots=1.0;
}


EA attached..........
Attached File(s)
File Type: mq4 MGH_EA.mq4   9 KB | 449 downloads
  • #182
  • Sep 24, 2011 5:24am Sep 24, 2011 5:24am
thanks all followers for encouragement. i will be posting trades. lets learn and grow togather
Making money is easy- Just dont take losing trades
  • #183
  • Sep 24, 2011 10:41am Sep 24, 2011 10:41am
@rozirozi:
what is this EA all about?
thanks in advance for a short explanation...
  • #184
  • Sep 25, 2011 9:01am Sep 25, 2011 9:01am
Looking forward to it, share more insights.


Quoting Survivor
thanks all followers for encouragement. i will be posting trades. lets learn and grow togather
If you want your dreams to come true, you better wake up !!!
  • #185
  • Sep 26, 2011 9:30am Sep 26, 2011 9:30am
Today pips were raining all over. Just remeber - dont buy at highs/ sell at lows. take these bars only if it says buy at low or after significant consolidation of price. Am not posting other currencies. you can check them yourself.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 68 KB
Click to Enlarge Name: gbpusd.jpg Size: 76 KB
Making money is easy- Just dont take losing trades
  • #186
  • Sep 26, 2011 5:07pm Sep 26, 2011 5:07pm
Thanks for posting the pics, Survivor. They make the setups look obvious, which is what I need to see. I'm still having a hard time seeing them as they materialize, but the pics really help a lot.
Luck occurs when preparation meets with opportunity.
  • #187
  • Sep 26, 2011 7:23pm Sep 26, 2011 7:23pm
Hi Survivor,

What an outstanding thread you have started. You are one of only 5 threads on this site that has any real value to offer to the new traders that visit each day. I have been in the markets for well over twenty yrs & what you are sharing should save many new traders many sleepless nights should they decide to follow along.

I gave up on the tradition indicators long ago & now trade in a similar manner to you. The 5M & 15M tf's are what I use along with price action.
My charts only contain S&R levels & nothing more.

The low participation on your thread is simply because you are not offering the next new indicator or EA with all the bells, whistles & shinny lights, but are offering clean charts depicting pure price action.

My hat is off to you my friend for you are truely the one to teach the new traders trying to survive in this business.

I will follow along as you go, but I may never post again as I am not very good at teaching & expressing what I am trying to say unless I am face to face. I am a low tech trader & posting charts is something I have never tried to master.

To the new traders visting Survivors thread.......pay close attention, learn & you will survive in this business.

Tks Survivor & may the pips rain down on you my friend.
_________________
  • #188
  • Sep 26, 2011 8:17pm Sep 26, 2011 8:17pm
Quoting acetrader
Hi Survivor,

What an outstanding thread you have started. You are one of only 5 threads on this site that has any real value to offer to the new traders that visit each day. I have been in the markets for well over twenty yrs & what you are sharing should save many new traders many sleepless nights should they decide to follow along.

I gave up on the tradition indicators long ago & now trade in a similar manner to you. The 5M & 15M tf's are what I use along with price action.
My charts only contain S&R levels & nothing more.

The low...

Thank you mate. i did experiment with indicators with bells and whistels. they didnt work for me. this is what is working thats why i shared it. your comments encourage me.
Making money is easy- Just dont take losing trades
  • #189
  • Sep 26, 2011 11:03pm Sep 26, 2011 11:03pm
Hi Survivor

Thanks so much for sharing.

I trade gbp/usd and usd/chf 15min and this works quite well.
Just missed a trade on usd/chf as I was writing this lol. But there's
more to come
  • #190
  • Sep 27, 2011 7:02am Sep 27, 2011 7:02am
Survivor may I ask you to comment on latest move on attached charts? It was obviously strong momentum, but I can't find any "safe", in my opinion, entries. My concern is PPA, which may stop the move at any level, thus I'm afraid to enter. Are my concerns correct and there are no good entries or am I wrong and missing anything?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_gbpusd.jpg Size: 193 KB
  • #191
  • Sep 27, 2011 7:51am Sep 27, 2011 7:51am
Hi
Indeed this is one of the most enlightening and practical thread I read for long time.
I join the people in saying thank you for sharing your knowledge.
  • #192
  • Sep 27, 2011 10:23pm Sep 27, 2011 10:23pm
Hey S thanks for a great thread. A chart without squigglies is a beautiful thing.
Just trade the pullback you idiot!
  • #193
  • Sep 28, 2011 11:53am Sep 28, 2011 11:53am
Quoting ziggiii
@rozirozi:
what is this EA all about?
thanks in advance for a short explanation...
This EA is very very simple. If close is higher than open (current bar) open BUY. else SELL. Can you add my MM function to this EA? thx
  • #194
  • Sep 28, 2011 6:16pm Sep 28, 2011 6:16pm
Quoting rozirozi
This EA is very very simple. If close is higher than open (current bar) open BUY. else SELL. Can you add my MM function to this EA? thx
Rozi, I think you are posting in the wrong thread. FF has sections with threads for writing EAs. You would find lots of people there who will help you out. We are all just traders in this thread, not programmers.
Luck occurs when preparation meets with opportunity.
  • #195
  • Oct 9, 2011 6:32pm Oct 9, 2011 6:32pm
  •  sam21
  • | Joined Aug 2010 | Status: Soon to be employed by the market | 125 Posts
Is this thread dead too bad i just find it.And it is very interested..it seems no one is here......MMMMMMM
  • #196
  • Oct 10, 2011 1:11pm Oct 10, 2011 1:11pm
Quoting messiahua
Survivor may I ask you to comment on latest move on attached charts? It was obviously strong momentum, but I can't find any "safe", in my opinion, entries. My concern is PPA, which may stop the move at any level, thus I'm afraid to enter. Are my concerns correct and there are no good entries or am I wrong and missing anything?

sorry mess for late reply. i do enter such trades when i see trong momentum. but i dont want to confuse any nnewcomer here so i would say pass them. wai. you will get better trades. enough for a living. Anyway, how i enter them? I find critical levels in direction of momentum. Previous highs are my fav. So i place an sl entry just at these levels and let market sweep me when they move. In fact i traded exactly the chart you show.
Making money is easy- Just dont take losing trades
  • #197
  • Oct 10, 2011 1:13pm Oct 10, 2011 1:13pm
Quoting sam21
Is this thread dead too bad i just find it.And it is very interested..it seems no one is here......MMMMMMM
i am still here. somehow people just dont find it intresting like other red green indicator threads. My life my choices mate. this is how i trade. and i will help anyone with questions, my health permitting.
Making money is easy- Just dont take losing trades
  • #198
  • Oct 10, 2011 1:17pm Oct 10, 2011 1:17pm
While starting out here i read somewhere how boring trading is. See this do this. See that do that. Then, i found it funny. But now i have myself reached a stage where its true.its damn boring. Please dont lose heart anyone. Keep trying. find your own way. Let no one discourage you. Amen
Making money is easy- Just dont take losing trades
  • #199
  • Oct 10, 2011 1:52pm Oct 10, 2011 1:52pm
  •  sam21
  • | Joined Aug 2010 | Status: Soon to be employed by the market | 125 Posts
Well survivor i am one who is not doing well with indicators my self.. Your method is very simple .. so you are trading from support and ressistance..
  • #200
  • Oct 10, 2011 2:02pm Oct 10, 2011 2:02pm
  •  sam21
  • | Joined Aug 2010 | Status: Soon to be employed by the market | 125 Posts
Survivor are these correct entry..
Attached Image (click to enlarge)
Click to Enlarge Name: Self employed [Running]1.jpg Size: 122 KB
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