Here is an updated version of the EA to fix the issue where the order doesn't set the stop loss and take profit. I also added another parameter called TradeBias so you can turn off the bias and take the first buy / sell condition based on the rest of the rules.
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how the EA determine stops? It consider the high of X bars?
Im very close to closing the thread or banning certain members and deleting posts ,it has been hijacked developed into some thing I cant recognize
The original system was mechanical and took no thought process or market anaylsis
I dont mind the odd development,,ie dont look for bias EU to London open but take the 1st trade as suggested by another trader here..or increase stop size as suggested by Peter E
Without sounding rude start your own thread on your own setup any one reading the thread from the start will no be totally and utterly confused.
I dont want that
I know the thread under its original format does not promote activity as its only 1 TRADE A DAY
But the brief was
1 trade a day
Mechanical in its approach
Im not willing to discuss the subject or argue merits of one against the other
Hi Paulus, i wish you all the best. Its simple, clear and not a system to modify anything. Thanks for your Infos and work. This is your Thread. I am sure. All the best from Germany . Arno
I don't mind some modifying after all it's what we do but looking at price action using pivots and chart patterns was not the way I wanted to go its all about 1 trade per day with a winning trade 3 times the losing trade ...... True I may be looking for a better entry but more mechanical not subjective I was looking at the fib golden number for example ie we wait for the pull back to reach the golden ratio then enter with mcd colour change . The setting and placing of the fib is 100% mechanical so it will use the same points every day ie the hi and lo of EU session . ....this is what I mean by modification trading pivots chart patterns is a whole new subject
Joined Sep 2009
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Status: Real recognize real
|819 Posts
ok goodbye, i will trade without posting anymore, goodluck to all of you, but take care there is no mechanical system that will create profit for a long term without thinking, after all its possible to get a long series of losses.
We know ! And you can identify a trend enter on a pull back or rally that's price action trading but anind is doing it for you if you would like to post all your trades for the last 4 month I'd be happy to look .... You also will get 5,6,7 losers in a row the secrete is risk return and the % game good luck to you and that's not a sarcastic good luck
I too have traded off of price action in fact I day traded us stocks for some one else on thier account and although the strike rate was. Dry hi I found the pressure immense and when I was I'll or having problems at home or any kind of stress my judgement analysis suffered and so did my trading hence I only go for mech now
P
Paulus I like the 1minute 1trade system. I’ve been trying it for a while. I am working, for now, so I have to take a day or two off to trade it. I believe in the KISS rule. Also Albert Einstein’s quote: Everything should be made as simple as possible, but not simpler. Also in this case, not more complex. (Unless it is truly needed). I have been seeing, daily, changes others have been making to your system. I say, if you want to change it, move somewhere else. Keep up the good work and thanks for your thoughts and help. Franks Biz
Im very close to closing the thread or banning certain members and deleting posts ,it has been hijacked developed into some thing I cant recognize
The original system was mechanical and took no thought process or market anaylsis
I dont mind the odd development,,ie dont look for bias EU to London open but take the 1st trade as suggested by another trader here..or increase stop size as suggested by Peter E
Without sounding rude start your own thread on your own setup...
it oppened a trade at 6:13, that was coorect, as there was a signal 6:12, but the first signal was 6:01 and that should be the signal to take. Plus, ther was a signal 6:08. Do you know what could be the reason the EA recognized only the third trade?
EDIT: same with the signal of london open, there was at least 2 signals before the signal at 7:30 (wich was the signal the EA took), 7:03 and 7:18 were valid signals for me. And 7:14 too (alttough it was a change from dark green to red, but paulus took a trade like this and this really makes sense because price was rede before this dark green).
it oppened a trade at 6:13, that was coorect, as there was a signal 6:12, but the first signal was 6:01 and that should be the signal to take. Plus, ther was a signal 6:08. Do you know what could be the reason the EA recognized only the third trade?
EDIT: same with the signal of london open, there was at least 2 signals before the signal at 7:30 (wich was the signal the EA took), 7:03 and 7:18 were valid signals for me. And 7:14 too (alttough it was a change from dark green to red, but paulus took a trade like this and this really makes sense...
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Can you post a couple of screen shots for me and also what your settings are?
Paulus, do you prefer we open a thread only for EA? I think as this system is mechanical, there is not much problem, but as it is your thread maybe you prefer this way.
Paulus, do you prefer we open a thread only for EA? I think as this system is mechanical, there is not much problem, but as it is your thread maybe you prefer this way.
And thanks for sharing your ideas.
Ignored
EA are fine no worries as long as it follows the remit of the thread
