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1minute 1 trade

  • #1,281
  • Jul 16, 2012 4:04am Jul 16, 2012 4:04am
Today was a winner.
First signal stoch was below 50 so no trade.
Second signal stoch didn't go above 80 so no trade.
First VALID signal marked by down arrow. SL and take profit shown.

P.S - So glad we had five losers in a row and this thread has got back to the original method.

JPR

Attached Image (click to enlarge)
Click to Enlarge Name: eu 17.gif Size: 19 KB
  • #1,282
  • Jul 16, 2012 4:04am Jul 16, 2012 4:04am
Loaded the EA over the weekend and 1st trade today was a win - short was entered at 1.22276 SL 1.22334 and TP 1.22086. Thanx 19 pips banked
May the forex be with you |
  • #1,283
  • Jul 16, 2012 4:22am Jul 16, 2012 4:22am
Thanx JPR - you have confirmed that my settings are correct! I have tried to edit the opening times on the Market_Open_Lines.ex4, but it doesn't let me - it keeps reverting the default so my opening lines are out: I need the times to be:

Sydney_Open: 0
Tokyo_Open: 3
London_Open: 10
London_Close: 19
Frank_Open: 8
NY-Open: 15

Can anyone assist?
May the forex be with you |
  • #1,284
  • Jul 16, 2012 5:01am Jul 16, 2012 5:01am
Quoting FXFundi
Thanx JPR - you have confirmed that my settings are correct! I have tried to edit the opening times on the Market_Open_Lines.ex4, but it doesn't let me - it keeps reverting the default so my opening lines are out: I need the times to be:

Sydney_Open: 0
Tokyo_Open: 3
London_Open: 10
London_Close: 19
Frank_Open: 8
NY-Open: 15

Can anyone assist?
Like this?
Attached File(s)
File Type: mq4 Market_Open_Lines c custom.mq4   4 KB | 433 downloads
  • #1,285
  • Jul 16, 2012 5:51am Jul 16, 2012 5:51am
Quoting Fame of me
Like this?
Thank you very much - very kind of you. See it's now an mq4 which I can edit if need be.
May the forex be with you |
  • #1,286
  • Jul 16, 2012 7:58am Jul 16, 2012 7:58am
Quoting Jpr
Today was a winner.
First signal stoch was below 50 so no trade.
Second signal stoch didn't go above 80 so no trade.
First VALID signal marked by down arrow. SL and take profit shown.

P.S - So glad we had five losers in a row and this thread has got back to the original method.

JPR
Dear Jpr,

Would you mind taking a peek at my chart and tell me were I have gone wrong with my signals. According to my chart, I get a sell signal earlier than you. But being very new to this system I am sure it is me who are in the wrong. (It would still have been a winner though). Just need to get a why/why not on my chart.

Thanks
Spaizkadett

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m1.jpg Size: 116 KB



EDIT: Ahh, maybe I have found out my self. The MACD should be ABOVE 50 when taking the entry, right?
  • #1,287
  • Jul 16, 2012 8:08am Jul 16, 2012 8:08am
Quoting spaizkadett
Dear Jpr,

Would you mind taking a peek at my chart and tell me were I have gone wrong with my signals. According to my chart, I get a sell signal earlier than you. But being very new to this system I am sure it is me who are in the wrong. (It would still have been a winner though). Just need to get a why/why not on my chart.

Thanks
Spaizkadett

Attachment


EDIT: Ahh, maybe I have found out my self. The MACD should be ABOVE 50 when taking the entry, right?
Yeah, that was it, now it matches yours on the dot. Thanks again
  • #1,288
  • Jul 16, 2012 8:11am Jul 16, 2012 8:11am
Quoting spaizkadett
Dear Jpr,

Would you mind taking a peek at my chart and tell me were I have gone wrong with my signals. According to my chart, I get a sell signal earlier than you. But being very new to this system I am sure it is me who are in the wrong. (It would still have been a winner though). Just need to get a why/why not on my chart.

Thanks
Spaizkadett

Attachment


EDIT: Ahh, maybe I have found out my self. The MACD should be ABOVE 50 when taking the entry, right?
not MACD, shd be Stoch > 50 (coming down from 80)

your entry is the first invalid signal mentioned by Jpr in post 1281
  • #1,289
  • Jul 16, 2012 8:15am Jul 16, 2012 8:15am
Quoting infinipipz
not MACD, shd be Stoch > 50 (coming down from 80)

your entry is the first invalid signal mentioned by Jpr in post 1281
Yes, stoch of course, my bad
  • #1,290
  • Jul 16, 2012 10:07am Jul 16, 2012 10:07am
Quoting spaizkadett
Yes, stoch of course, my bad
Well done for figuring it out yourself. Sorry I took so long to reply.

JPR
  • #1,291
  • Jul 16, 2012 10:12am Jul 16, 2012 10:12am
Quoting FXFundi
Loaded the EA over the weekend and 1st trade today was a win - short was entered at 1.22276 SL 1.22334 and TP 1.22086. Thanx 19 pips banked
Hi FXFundi
Which EA are you using as there have been a couple posted on this thread.
JPR
  • #1,292
  • Jul 16, 2012 11:53am Jul 16, 2012 11:53am
Account = £22,134
5% = £1,106
Win = £3,320

Account = £25,454

1st signal no good as stoch was below 50 2nd was perfect..

We were never looking for a long at all on the original system
Attached Image (click to enlarge)
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  • #1,293
  • Jul 16, 2012 1:33pm Jul 16, 2012 1:33pm
Attached File(s)
File Type: ex4 !Robert SessionOpen (1).ex4   33 KB | 335 downloads
Quoting Jpr
Hi FXFundi
Which EA are you using as there have been a couple posted on this thread.
JPR
The one on page 76 - the one after that didn't work? Have tried to attach it here.
May the forex be with you |
  • #1,294
  • Jul 16, 2012 2:57pm Jul 16, 2012 2:57pm
Not sure if I'm missing somethig.
People who are adhering to the rules exactly to the point had 10 loses in a row.
Paulus had 6L 2W 2 L.
In the same time Paulus is stressing to not add any other rules, just keep it simple and trading exactly according the rules without discretion.

So what makes this huge difference? Is Paulus adding his discretion to the rules?
  • #1,295
  • Jul 16, 2012 4:29pm Jul 16, 2012 4:29pm
Quoting colombino
Not sure if I'm missing somethig.
People who are adhering to the rules exactly to the point had 10 loses in a row.
Paulus had 6L 2W 2 L.
In the same time Paulus is stressing to not add any other rules, just keep it simple and trading exactly according the rules without discretion.

So what makes this huge difference? Is Paulus adding his discretion to the rules?

No just sticking to the rules

i
  • #1,296
  • Jul 16, 2012 6:12pm Jul 16, 2012 6:12pm
Quoting colombino
Not sure if I'm missing somethig.
People who are adhering to the rules exactly to the point had 10 loses in a row.
Paulus had 6L 2W 2 L.
In the same time Paulus is stressing to not add any other rules, just keep it simple and trading exactly according the rules without discretion.

So what makes this huge difference? Is Paulus adding his discretion to the rules?
There can be multiple explanations for the discrepancies. The spread could differ, the reading of the chart, the difference there are between brokers and their price (you'd be surprised how much they actually differ from time to time), adding some arbitrary rules suggested by other traders and not Paulus, difference in the SL setting, so on and so forth. But it is actually quite easy to check up on, just plot in the lines for the last 10 trading days and see how they pan out. If you see a difference, I think Paulus would be more than willing to help you out on why his and your setup didn't match. Or some of the other traders here.
  • #1,297
  • Jul 17, 2012 2:19am Jul 17, 2012 2:19am
Is anyone using this EA today?
Need some advise on my setting, I thought there is a valid signal when london open, but i didn't get any alert.
Thanks.

I'm in Asia GMT +8, so my Eur Open is 2 EST and London Open is 3 EST according to Oanda server time zone.

The other setting i left as default.
Thanks in advance.
Attached Image (click to enlarge)
Click to Enlarge Name: 1m1t_17072012a.jpg Size: 141 KB
  • #1,298
  • Jul 17, 2012 2:22am Jul 17, 2012 2:22am
Ooops EA has just opened a short trade. Can't see any of the rules being adhered to. Also no SL or TP set. Strange as yesterday was perfect!
May the forex be with you |
  • #1,299
  • Jul 17, 2012 2:28am Jul 17, 2012 2:28am
Quoting FXFundi
Ooops EA has just opened a short trade. Can't see any of the rules being adhered to. Also no SL or TP set. Strange as yesterday was perfect!
I got short trade at 1.22903....too at 813h London
I never lose - either I win or I learn...
  • #1,300
  • Edited 2:48am Jul 17, 2012 2:32am | Edited 2:48am
Quoting FXFundi
Ooops EA has just opened a short trade. Can't see any of the rules being adhered to. Also no SL or TP set. Strange as yesterday was perfect!
I can.

Bias = Sell
at 10.03 Stoch was above 80, getting ready for a signal
at 10.07 MACD turned dark green and Stoch was above 50, took at short position at 1.2287, SL at 1.2296 (a couple of pips above swing high)
at 10.24 I was stopped out

Today was a fast loser. The times are from Alpari UK, so if you want them in LONDON time deduct 2 hours
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