Okay, remember the pairs, you can choose between EURUSD, GBPUSD, EURJPY and GBPJPY...
Then, 24hours? it's just from 2 EST till 13 EST, use your local timezone.
That should be it.
How do you make the timezone settings?
Trading Made Simple EA by Guess Whom
- #2,481
- Dec 8, 2011 3:19pm Dec 8, 2011 3:19pm
How do you make the timezone settings?
- #2,482
- Dec 8, 2011 3:39pm Dec 8, 2011 3:39pm
- | Commercial User | Joined Jul 2009 | 5,727 Posts
just wondering...
http://img11.imageshack.us/img11/945...1208205441.jpg
more examples:
http://img840.imageshack.us/img840/2...1208210244.jpg
http://img546.imageshack.us/img546/4...1208210206.jpg
Maybe im not seeing the whole picture but it looks as a simple - not so frequent - winning method.
Also to get a "TRUE" picture of where the TMA was you should use the "TMATrue" indicator as that is what the EA uses, the "TMA" indicator redraws and does not give you a true picture of what happened in the past. The next version which I am testing will give you the option to use the last fractal high or low, which in these swing instances from above or below the Top or Bottom TMA band will give you a better entry in a fast moving market. Like in your EURUSD chart and mine the Last Fractal High was above the Top TMA Band which would have given the go ahead when the TDI confirmed. In my testing with the next version I am using just the following, trying to keep it simple.
1) Last Fractal
2) TDI Cross (static)
3) TDI Slope = 2.0
4) PA above/below 5ema
5) AutoRestart is set to false so I only take 1 trade
So far I have been using just fixed TP and SL and that has worked real well, but I have been leaving a lot of pips on the table.
Tonight I am going to try the close on candle color change so I can let it run and maybe get Max pips.
Edit: Also Synergy_APB candles do not give a true representation of where the price has been, so they can be misleading.
Good Luck
- #2,483
- Dec 8, 2011 4:08pm Dec 8, 2011 4:08pm
- | Commercial User | Joined Jul 2009 | 5,727 Posts
Sorry, no update from last night on latest version using the last fractal as a trigger. I was playing around with some setting and screwed them up so no trades were taken. Looking back at the charts it looks like I missed a lot of pips that were there for the taking, I hope everyone else got them. Will try again tonight and try and keep my fingers out the way of the EA.
Here is a real good one I missed out on last night because I screwed up the settings, also a few more just like it.
Here is a real good one I missed out on last night because I screwed up the settings, also a few more just like it.
- #2,485
- Dec 8, 2011 6:17pm Dec 8, 2011 6:17pm
- | Commercial User | Joined Jul 2009 | 5,727 Posts
After waiting all week my setup on the Daily charts jumped into 3 trades at 4 PM CST today, thats when the Daily candle updates. It will be interesting to see how these go, it will take a while as we only get one candle a day, so only one more candle this week. The settings should work on almost any version of TMS.
1) TMA Zone = 0
2) TDI Cross = true
3) TDI Slope = true (2.0)
4) PA above/below 5ema
5) AutoRestart = false
6) Time = 24 hours
7) No exit closures selected at this time
I am not using any TP for now, I will set it once the trade starts to move, SL = Highest or Lowest of last 2 candles, this is the default if nothing else is selected.
Will be interesting to see how these go, it could take some time though, the screen shots at the time the trades were taken are below.
1) TMA Zone = 0
2) TDI Cross = true
3) TDI Slope = true (2.0)
4) PA above/below 5ema
5) AutoRestart = false
6) Time = 24 hours
7) No exit closures selected at this time
I am not using any TP for now, I will set it once the trade starts to move, SL = Highest or Lowest of last 2 candles, this is the default if nothing else is selected.
Will be interesting to see how these go, it could take some time though, the screen shots at the time the trades were taken are below.
- #2,486
- Dec 8, 2011 6:59pm Dec 8, 2011 6:59pm
After waiting all week my setup on the Daily charts jumped into 3 trades at 4 PM CST today, thats when the Daily candle updates. It will be interesting to see how these go, it will take a while as we only get one candle a day, so only one more candle this week. The settings should work on almost any version of TMS.
1) TMA Zone = 0
2) TDI Cross = true
3) TDI Slope = true (2.0)
4) PA above/below 5ema
5) AutoRestart = false
6) Time = 24 hours
7) No exit closures selected at this time
I am not using any TP for now, I will set it once the trade starts...
for my SL/TP settings i set a high TP multiplier of 7 just to trick the broker
maybe i'll put it to 9 lolSL = i have 1x CandleTrailStop
other closing settings on the daily to try and get the most pips, i have the
- 5emaclose
- CandleColorChange
- HHorLL
- 5LWMAcross
- CCILevelClose
also just an idea the close settings above "HHorLL" can it also be added as a Signal Alert ? since it's already coded as a Close settings
Cant wait to see our results.
Don't forget Practice + Patience + Persistence = Profits
- #2,490
- Dec 9, 2011 1:07am Dec 9, 2011 1:07am
- | Joined Aug 2011 | Status: Trader | 1,118 Posts
A: Now it seems "obvious", but I won't jump in a trade just from nothing.
B: It wouldn't be from nothing.. Market is really disappointed.
A: Truth, but we're still waiting for a 60% possibility for a fiscal integration, not from the 27 members, but from the 17 euro members and perhaps any other else.
B: I see... but you could lose a really good opportunity, and get a much worse price.
A: Or I could be selling the bottom, right now.
joke
- #2,492
- Dec 9, 2011 1:44am Dec 9, 2011 1:44am
- | Joined Aug 2011 | Status: Trader | 1,118 Posts
u short now?
It's almost 3 am here, and I need to do a monography tomorrow.
See ya.
- #2,496
- Dec 9, 2011 8:32am Dec 9, 2011 8:32am
- | Joined Aug 2011 | Status: Trader | 1,118 Posts
I think US will open bullish, and that london close would proabbly give the short signal.
while I'm waiting for a gap up.
- #2,497
- Dec 9, 2011 9:16am Dec 9, 2011 9:16am
- | Joined Aug 2011 | Status: Trader | 1,118 Posts
Pros and Cons
---
Now, everything has been done... except, Japan helping with the EFSF...
In the EU summits there were talking about leding IMF possibilities, but truthfully... I don't think they're doing big things with limited 20blln per week for bonds buying..
Otherwise, on monday Greece starts talks with "troika" of international creditors--the European Union, the International Monetary Fund and the European Central Bank--on new bailout package.
---
EU members are 23 now, with a possibility of 3 more...
---
Moody's downgraded some French banks today...
---
Bonds buying - Done
Interest rates cuts - Done
Trying with the EFSF - Done (notice I wrote trying) (Japan could help, ONLY if the current situation gets better, ha!)
USD swap rates cuts - Done
Stealth QE - Done
And not doing some things:
Printing - Won't
Eurobonds - Won't
Lending to EU governments - Won't
Becoming lender of last resort - Won't
---
PT:
Overall the euro is destined to fall, but we have to see a correction just like we had in mid November.
You are correct there is no solution. Well common sense will tell you that this is not a liquidity crisis but rather a solvency crisis. The ECB has provided liquidity. That is all it can do because it is lender of last resort to the banks, not the govs.
So the only solution is a rescue fund to buy bonds. Where is the money? As long as no money comes in for bailout funds, the bond market will dump euro sovs and contagion will spread. Don't rule out the possibility of a euro collapse... and I don't mean the euro goes down. I mean the euro disappears of some countries leave the EZ.
It is a wait and see game. Perhaps if the EU leaders do enough to calm the markets, then China and Japan may contribute. We'll see.
---
Merkel says has made clear will not top up ESM beyond EUR 500bln after March, well this is money.. but obviously not enough
---
Okay.. I'm in a very difficult situation
- #2,499
- Dec 9, 2011 10:08am Dec 9, 2011 10:08am
Okay, remember the pairs, you can choose between EURUSD, GBPUSD, EURJPY and GBPJPY...
Then, 24hours? it's just from 2 EST till 13 EST, use your local timezone.
That should be it.
http://img822.imageshack.us/img822/8...1209170702.jpg
BTW. all 3 trades could be tripled if i wound close them before going to work.