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Trading Made Simple EA by Guess Whom

  • #2,121
  • Nov 9, 2011 10:11pm Nov 9, 2011 10:11pm
Now... 4H TMS is outperforming

WHY?
because of high risk aversion sentiment...

Should we see a pullback?
I hope so... I missed the move because I wasn't allowing TMS-10 to trade live, and I was also sleeping.
  • #2,122
  • Edited 11:01pm Nov 9, 2011 10:32pm | Edited 11:01pm
  •  fivex
  • | Joined Sep 2011 | Status: This is the title that appears | 247 Posts
Quoting blamshakk
ok thats interesting, are you still using those settings? if so how have they been performing recently? thanks
No & Don't know. work is picking up,,, so just trying out the "fad" as the new V'S come out.
You are correct in your second guessing, I will throw them back on a demo.
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  • #2,123
  • Nov 9, 2011 11:02pm Nov 9, 2011 11:02pm
Okaay...

http://www.cnbc.com/id/45225209

Italian borrowing costs reached breaking point on Wednesday after Prime Minister Silvio Berlusconi's insistence on elections instead of an interim government opened the way to prolonged instability and delays to economic reform.

http://theeconomiccollapseblog.com/a...ng-upside-down

What we are all watching unfold right now is a complete and total financial nightmare for Italy. Italian bond yields are soaring to incredibly dangerous levels, and now the yield curve for Italian bonds is turning upside down.
(This article includes a good explanation of how this affects the markets)

So...
A chart says everything... 200-300 pips drop in all major pairs = strong risk aversion sentiment.

I think we COULD see a pullback depending on how the ECB decides to handle the "yield situation".
http://www.bloomberg.com/apps/quote?ticker=GBTPGR10:IND
Link to Italian bonds' yield.
They can decide to strongly intervene in the markets, by buying spanish and italian bonds. Or perhaps make recovery or fake hope comments.
Or the situation can just get worst. But since yesterday's been a "strong" day, don't expect the press to stay out of this ... We might get rumours all over the place.

Therefore, I want to be a seller today... If we see a pullback, the US open should be good to get back in the bear train.

On the other hand... remember we have Great Britain Purchase Facilities and rate decision... should we see anything interesting???
Maybe more QE (bearish)

I'd be aware of that.

Pbh
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  • #2,124
  • Nov 10, 2011 12:03am Nov 10, 2011 12:03am
  •  fivex
  • | Joined Sep 2011 | Status: This is the title that appears | 247 Posts
Quoting fivex
No & Don't know. work is picking up,,, so just trying out the "fad" as the new V'S come out.
You are correct in your second guessing, I will throw them back on a demo.
swan puke. i still hate the M15.
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  • #2,125
  • Nov 10, 2011 12:18am Nov 10, 2011 12:18am
  •  fivex
  • | Joined Sep 2011 | Status: This is the title that appears | 247 Posts
Starting to "hook" keep an eye on it.
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  • #2,126
  • Nov 10, 2011 12:40am Nov 10, 2011 12:40am
  •  fivex
  • | Joined Sep 2011 | Status: This is the title that appears | 247 Posts
STO just made a cross for an out.
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  • #2,127
  • Nov 10, 2011 1:15am Nov 10, 2011 1:15am
  •  fivex
  • | Joined Sep 2011 | Status: This is the title that appears | 247 Posts
looks good if the TDI cross is above 68 or below 32 IMO.
I feel the settings are in this EA somewhere to make this happen.
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  • #2,128
  • Nov 10, 2011 1:54am Nov 10, 2011 1:54am
Same conclusion, seems to generally work ok in between for a continuation but not a reversal.
Good Trading
  • #2,129
  • Nov 10, 2011 4:59am Nov 10, 2011 4:59am
Quoting Pbh
Therefore, I want to be a seller today... If we see a pullback, the US open should be good to get back in the bear train.
Don't jump in any trade just yet. This is getting better and better... we may see more retracement when US opens

http://www.bloomberg.com/apps/quote?ticker=GBTPGR2:IND
  • #2,130
  • Nov 10, 2011 5:41am Nov 10, 2011 5:41am
First of all I would really like to thank seller for his help here. This EA seems to have real promise. Anyways, I am still on post 1100 but I couldn't help but make this suggestion. It seems that there seems to be this debate about whether to enter or exit on close only (static) or to enter or exit as soon as the present condition presents itself even if not on a close(dynamic). I thought that there is a middle ground. What if we had the EA wait until a condition exists for a certain amount of time. For example if there was a TDI cross on 1 hr into a 4 hr bar, the EA could check 30 minutes later to see if there is still a tdi cross and then it could place the order rather than wait for confirmation.
  • #2,131
  • Nov 10, 2011 6:06am Nov 10, 2011 6:06am
Quoting Pbh
Don't jump in any trade just yet. This is getting better and better... we may see more retracement when US opens

http://www.bloomberg.com/apps/quote?ticker=GBTPGR2:IND
Nothing new... I'm leaving.

Interpretation: People had already priced in a 50/50 rate cut and also 60/40 further QE, that didn't happen, therefore, it's likely to see EUR and GBP stronger for a bit because of profit taking. At least until the US open.. so back on the selling road.

Pbh
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  • #2,132
  • Nov 10, 2011 2:05pm Nov 10, 2011 2:05pm
Quoting Pbh
Nothing new... I'm leaving.

Interpretation: People had already priced in a 50/50 rate cut and also 60/40 further QE, that didn't happen, therefore, it's likely to see EUR and GBP stronger for a bit because of profit taking. At least until the US open.. so back on the selling road.

Pbh
Only 2 trades, 30 pips total.
  • #2,133
  • Nov 10, 2011 2:28pm Nov 10, 2011 2:28pm
I thought this might be of help to some people. If you are having stop loss issues. Either the order doesn't go through or even worse if you have criminalECN enabled then it will go through and you won't have any sl or tp. I noticed that this happens a lot on odd currency pairs. What I did was take the rate * your desired stop loss. The reason is obvious. If you wanted a stop loss of 40 and you were trading usdmxn, then it would be rediculous to have a stop loss of 40. This is because we are measuring our profit and pips in mxn and so if we make our stop loss 40 it would be like we made it 3 since usd costs appr 13.5 mxn. The solution is to mutiply our desired sl by 13.5. So 13.5 * 40 = 540. So we should have a sl of 540. Now 540 might sound like a lot but just remember that 13.5 pis is like 1 regular pip. Of course you could just avoid these pairs but with there being a robot doing all the work i figure let him trade any pair that has decent volume. I hope this helped and didn't confuse anyone.
  • #2,134
  • Nov 10, 2011 2:33pm Nov 10, 2011 2:33pm
Quoting Pbh
Only 2 trades, 30 pips total.
Also another one closed at BE, I think I'll consider a trailing stop soon.
  • #2,135
  • Nov 10, 2011 3:32pm Nov 10, 2011 3:32pm
Quoting Pbh
Also another one closed at BE, I think I'll consider a trailing stop soon.
Have u tried Multi-purpose trade management EA by steve
A good trader follows his rules, but great trader knows when to break them
  • #2,136
  • Nov 10, 2011 3:36pm Nov 10, 2011 3:36pm
@ ill be back

This EA has lot of Steve's MPTM functions built in already - trailing stop, jumping stop etc. as Steve was the one who started building this EA in the first place. The settings are near the end of the long settings list.
  • #2,137
  • Nov 10, 2011 3:49pm Nov 10, 2011 3:49pm
I'm more into fundamental trading. I don't like to have a lot of EAs in my toolbox.

I like trying to help here while making some good pips.

I also think the EA has already got a trailing stop option.
  • #2,138
  • Nov 10, 2011 3:52pm Nov 10, 2011 3:52pm
You!
Yes, you!

You don't want to miss today's trading day.

Bank holiday, low volume, and ECB intervention.

I think it can become a 100-200-300-1K pips day.
Even if we make +1pip, it would be worth it

Will come around with analysis later at 00:00 EST...
That's normally too early but I think I'll be around by that hour.
  • #2,139
  • Nov 10, 2011 10:06pm Nov 10, 2011 10:06pm
The easier way to predict what could happen tomorrow is this:

1.- Look at the picture below
2.- Read this article: http://www.businessweek.com/news/201...purchases.html
3.- Don't be silly, read the article.

And that's it
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  • #2,140
  • Nov 10, 2011 10:08pm Nov 10, 2011 10:08pm
Quoting Pbh
The easier way to predict what could happen tomorrow
Therefore, Low volume + intervention = what do you expect?
Last time we had a 300 pips upward move...
This time, that could happen again.
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