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  • #1,641
  • Oct 5, 2011 8:02pm Oct 5, 2011 8:02pm
Quoting EmptyEterniT
I had my man Antonio from Odesk.com design this for this thread.

Its an OCO expert that puts in market orders and monitors trades for stop loss, trailing stop loss, and break even.

Best OCO Breakout EA!!!
Gruss Gott!

Thanks very much for helping out. How about posting a pic of this thing at work, with some tips on how to use it, pls?
To improve is to change. To perfect, is to change often.
  • #1,642
  • Oct 5, 2011 8:21pm Oct 5, 2011 8:21pm
Quoting forexhard
Well Tpc, I don't see a CZ, only an extended CZ. I have never recommended trading the extended CZ. Those arrows are no longer considered breakouts, just more like swing trades. That's a whole other system, and it is not necessarily compatible with breakouts at all.

By considering these arrows you are still displaying the desire to be "always in".

My advice is to walk away from this pair (i.e., every pair) until you get a proper CZ.

Understood. I was querying your thoughts on the price action going negative almost immediately upon breaking out. Did you take the breakout trade and subsequent loss ?

I do not consider the additional arrows for breakout trades. However, the CZ extension does turn out to be attractive for price action and, I must admit, I have caught a few pips going "against the grain".

T
  • #1,643
  • Oct 5, 2011 8:40pm Oct 5, 2011 8:40pm
Quoting forexhard
Gruss Gott!

Thanks very much for helping out. How about posting a pic of this thing at work, with some tips on how to use it, pls?

Its pretty self explanatory, input your stop loss, your take profit, any trailing stop loss or breakeven settings.

https://url.odesk.com/glfzw

Move the red or green lines after you apply it to the chart to change where market orders are executed. Red is for sell, green is for buy, OCO stands for One order Cancels the Other. You use it when there is a potential breakout either due to slowing volume or news coming out.
  • #1,644
  • Oct 5, 2011 8:43pm Oct 5, 2011 8:43pm
Tpc, I'm not saying you "can't ever" trade off the extended CZ. I'm only saying that it's not part of this thread. In real life you are of course free to trade any way you like, and I say more power to you.

As for your pic, I don't see a CZ anywhere, so how am I supposed to answer your question about price? I can't tell where price originally broke, etc., because the CZ is cut out of the pic. I'm not being evasive, I just don't have a point of reference based on that pic, so I can't say one way or the other. Feel free to post another...
To improve is to change. To perfect, is to change often.
  • #1,645
  • Oct 5, 2011 9:01pm Oct 5, 2011 9:01pm
FH:

Thanks. This is pretty much the same CZ that you posted in post #1633. I see that the first breakout indicator led to a 4 pip return before retracing. I did not take this trade because I was focused on EURUSD at the time and I have not had good luck working negatively correlated pairs at the same time. I am interested in your analysis because you had pointed this one out.
Attached Image (click to enlarge)
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  • #1,646
  • Oct 5, 2011 9:31pm Oct 5, 2011 9:31pm
Plainly put, if you had taken either of these 2 trades I've marked up here, then you would have lost both times. Although, there is a spike on the Buy side that looks like it might have reached 40 pips or so. Regardless, there's no such thing as a system that avoids losses 100% of the time. That's where proper MM comes in, which I have always stressed.
Attached Image (click to enlarge)
Click to Enlarge Name: 10_05_11%20USDCHF%20CZ%20II.JPG Size: 45 KB
To improve is to change. To perfect, is to change often.
  • #1,647
  • Oct 5, 2011 9:32pm Oct 5, 2011 9:32pm
Quoting EmptyEterniT
Its pretty self explanatory, input your stop loss, your take profit, any trailing stop loss or breakeven settings.

https://url.odesk.com/glfzw

Move the red or green lines after you apply it to the chart to change where market orders are executed. Red is for sell, green is for buy, OCO stands for One order Cancels the Other. You use it when there is a potential breakout either due to slowing volume or news coming out.
Thanks again for all your help.
To improve is to change. To perfect, is to change often.
  • #1,648
  • Oct 5, 2011 9:53pm Oct 5, 2011 9:53pm
Hi all,
just entered this one:

Boxes on eur/chf, gbp/jpy, eur/jpy, usd/jpy also!!
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  • #1,649
  • Oct 5, 2011 10:35pm Oct 5, 2011 10:35pm
Yup. I'm right there with you...
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To improve is to change. To perfect, is to change often.
  • #1,650
  • Edited 12:06am Oct 6, 2011 12:05am | Edited 12:06am
Looking good!
Have moved SL to mid-box.
Hope this drops like a stone!!..lol

Thank you
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  • #1,651
  • Oct 6, 2011 12:19am Oct 6, 2011 12:19am
Close one position of cable already , leave 2nd one to -5 pips sl ..prepare for upcoming rate news ..Good Luck !!
  • #1,652
  • Oct 6, 2011 1:21am Oct 6, 2011 1:21am
Quoting AndersonAlex
These pairs I'm watching closely at the moment and will be looking for some momentum from them eventually.

CHF/JPY
AUD/CAD
EUR/CHF
EUR/GBP
USD/CHF
GBP/USD
EUR/USD
SGD/JPY

If you guys see any new ones post'em so we all have something to watch for.


Anderson
CZ breaking out on AUD/USD. Hand drawn because indi didn't spot it for some reason - 30 x 25 pips.
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  • #1,653
  • Oct 6, 2011 1:46am Oct 6, 2011 1:46am
still going with rest of position, see if it holds out with upcoming news!
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  • #1,654
  • Oct 6, 2011 1:49am Oct 6, 2011 1:49am
Lets see if this one works out!
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  • #1,655
  • Oct 6, 2011 1:50am Oct 6, 2011 1:50am
Another trade open!
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  • #1,656
  • Oct 6, 2011 1:53am Oct 6, 2011 1:53am
This one is looking promising..
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  • #1,657
  • Oct 6, 2011 6:53am Oct 6, 2011 6:53am
Glad i'm re enter short cable ..although the last one kinda stupid OP..already close all for + 180 pips..Good Luck !!
@ alien..i hope you already awake and catch this move man
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  • #1,658
  • Oct 6, 2011 7:25am Oct 6, 2011 7:25am
I am out with 55 pips - news coming up
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  • #1,659
  • Oct 6, 2011 8:34pm Oct 6, 2011 8:34pm
Here's a news indi that I've been playing with lately thanks to Flamenco. Recommended.
Attached Image
Attached File(s)
File Type: mq4 FFCal Headlines.mq4   46 KB | 906 downloads
File Type: ex4 FFCal Headlines.ex4   36 KB | 669 downloads
To improve is to change. To perfect, is to change often.
  • #1,660
  • Edited 11:02pm Oct 6, 2011 8:48pm | Edited 11:02pm
Heads up guys. I'm showing boxes on 7 pairs at the same time. It's gonna be a busy night...

Edit: Now it's 10 pairs. Amazing night we're having...

Now 12. Holy cow! I can't remember the last time this happened. I've got 14 pairs loaded, so now I'm waiting to see if the last 2 will get hit, lol.
To improve is to change. To perfect, is to change often.
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