Trading methods are designed to put the odds in our favor, not predicting.
- Joined Feb 2009 | Status: Member | 1,292 Posts
Trading methods are designed to put the odds in our favor, not predicting.
BB break + trendline break 24 replies
The Daily Break Out Strategy 29 replies
Looking for L > Break High Break Low Indicator 1 reply
Simple break-out strategy for trading daily chart 19 replies
DislikedI've been very busy lately. I'll catch up to you guys later
Regards,
BasberIgnored
Dislikedyes you should.
If it only placed one pending order, there should be an error message. Could you tell me what it is?Ignored
DislikedHi All,
I have one more question related to this strategy.I was just doing back testing on this strategy.I found following one scenario.Can you please let me know what you will do in this scenario.
Sometime I see entry 1(break of daily bar high or low).I have entered and with that as per the rule I also place a pending order type 2 entry.Now type I stop loss got hit and type 2 run into profit.After that on same daily candle again type I entry occured.Should you guys take again second time type I entry(break of high or low) entry on same daily...Ignored
DislikedAll pending order are valid til end of the day. So yes, you would take the opposite trade.Ignored
DislikedActually this is a kind of grey area that I haven't gotten a confirmation from basber yet.
He says all pending orders stay till end of day, but there's also another post where he says that he removes all orders once tp2 is hitIgnored
DislikedMy Ea placed 4 pending orders correctly at 0gmt. Something must have blocked the orders on your side. Can u please check if there are error messages in either the journal or experts tab?Ignored
DislikedAll pending order are valid til end of the day. So yes, you would take the opposite trade.Ignored
DislikedHi All,
I guess I am unclear in my explanation.Let me go step by step.This is the process is followed in this strategy.Please see below.
Each candle we are setting two type I entry(break of high or low of the candle).Now when any one of the type I entry getting triggered we are removing other type I entry.
Next after removing the type I entry we are adding another entry which is type II entry.
Now when type I entry move to TP2 we are removing the type II entry.
Next point is In same daily candle sometime it happens you get two times type...Ignored
DislikedHi DP
This is how my chart looked like this morning, I removed the ea and placed it to a new chart and the box was drawn correctly after that but I had no trades triggered today.
ThanksIgnored
Nice day today .. 3 TP1 s and 2 TP2 ...
Regards,
Basber
DislikedI'm confused basber. I thought u said to remove all pending orders once tp2 is hit. Or I'd that just for that particular set of orders?Ignored
DislikedHi Deathbait,
I am not srue whether my understanding is correct or not.I have went through all the threades.As I understand According to the rule
If TP2 is heat then second type of entry order(which is entered the moment the Fist entry order got triggered) is removed.Not all the entry orders will be removed.
All the entry orders will be removed at the end of the day when any of them got triggered.
Regards,
Bedayan.Ignored
DislikedHi Deathbait
I ran into the same problem as Minos. When the EA is attached to the chart a little before or after 0 GMT the fibonacci box rather than outlining the immediately preceding day it stays with the day before that.Thus no pending orders are placed at the immediately preceding day's high or low. It is only about 10-12 hours after 0 GMT that the box is redrawn correctly to reflect the immediately preceding day. In most cases the high or low would have been penetrated when the box is redrawn properly.And thus it is too late for the EA to...Ignored