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1minute 1 trade

  • #1,321
  • Jul 18, 2012 1:59am Jul 18, 2012 1:59am
Quoting FXFundi
Hi Frank, yes if you have set trading rules can can create an EA "robot" to trade the fixed rules over an over again. It takes a lot of emotion and second guessing out of trading. I only trade with EA's. You can only use them on the Meta Trader platform.
You can make EA's on other platforms as well, like for instance Dukascopy jForex
  • #1,322
  • Jul 18, 2012 2:04am Jul 18, 2012 2:04am
Do you measure to the minute bar of :59 or :00? Today, if measured to :59 the bias was sell, however, if measured to :00 the bias would be buy?
  • #1,323
  • Jul 18, 2012 2:04am Jul 18, 2012 2:04am
Cool, didn't know that!
May the forex be with you |
  • #1,324
  • Jul 18, 2012 2:06am Jul 18, 2012 2:06am
F high broken, therefore we are looking for longs today...
I never lose - either I win or I learn...
  • #1,325
  • Jul 18, 2012 2:11am Jul 18, 2012 2:11am
Quoting spaizkadett
Do you measure to the minute bar of :59 or :00? Today, if measured to :59 the bias was sell, however, if measured to :00 the bias would be buy?
Euro only opens an hour before London. So based on that bias is UP. Looks as though yours Euro set to open 2 hours before London. Need clarity from Paulus as to which setting is correct.
May the forex be with you |
  • #1,326
  • Jul 18, 2012 2:31am Jul 18, 2012 2:31am
Quoting FXFundi
Euro only opens an hour before London. So based on that bias is UP. Looks as though yours Euro set to open 2 hours before London. Need clarity from Paulus as to which setting is correct.
Frankfurt opens two hours before London....

HT jdva from GER
I never lose - either I win or I learn...
  • #1,327
  • Jul 18, 2012 2:33am Jul 18, 2012 2:33am
Quoting FXFundi
Euro only opens an hour before London. So based on that bias is UP. Looks as though yours Euro set to open 2 hours before London. Need clarity from Paulus as to which setting is correct.
I am measuring from what Paulus is doing and he is most definitely using two hours before London. I know this, because I have compared Paulus' charts and his linedrawings with my chart. So today, according to Paulus, the opening was 1.22877 (on Alpari UK). However, I am very much in doubt if the Euro Close was X:59 (1.22849) or X:00 (1.22913). Please see attached

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 72 KB



If you look at Paulus chart from page 1, you can see he's measuring two hours: http://www.forexfactory.com/attachme...0&d=1336295942 and according to how he has drawn in that chart, the bias was up and the closing bar he's using is X:00, so the bias was up anyway from the get go
  • #1,328
  • Jul 18, 2012 2:46am Jul 18, 2012 2:46am
BUY time X:45 1.22829 SL: 1.22600 TP: 1.23516
  • #1,329
  • Jul 18, 2012 2:55am Jul 18, 2012 2:55am
Quoting jdva
Frankfurt opens two hours before London....

HT jdva from GER
Both exchanges open at 08h00 local time and London is 1 hour behind Frankfurt. Am I missing something?
May the forex be with you |
  • #1,330
  • Jul 18, 2012 3:04am Jul 18, 2012 3:04am
Quoting FXFundi
Both exchanges open at 08h00 local time and London is 1 hour behind Frankfurt. Am I missing something?
Use Market_open_lines c from http://www.forexfactory.com/showthre...28#post5640928

There you can see the difference is also two hours. Adjust the hours accordingly
  • #1,331
  • Jul 18, 2012 3:12am Jul 18, 2012 3:12am
Quoting jdva
Frankfurt opens two hours before London....

HT jdva from GER
No, 8 MEZ that is ONE hour before london opening
Lonon open 9MEZ
  • #1,332
  • Jul 18, 2012 3:13am Jul 18, 2012 3:13am
Quoting FXFundi
Both exchanges open at 08h00 local time and London is 1 hour behind Frankfurt. Am I missing something?
you are correct for DAX opening, but FX is an hour earlier as far as one can talk of FX openings, but the european banks do so....
I never lose - either I win or I learn...
  • #1,333
  • Jul 18, 2012 3:15am Jul 18, 2012 3:15am
Go to Frankfirt website and you will see, they open nothing at 7 MEZ
  • #1,334
  • Jul 18, 2012 3:16am Jul 18, 2012 3:16am
Quoting spaizkadett
BUY time X:45 1.22829 SL: 1.22600 TP: 1.23516
!RobertOpenSession EA didn't open that trade.
May the forex be with you |
  • #1,335
  • Jul 18, 2012 3:17am Jul 18, 2012 3:17am
Quoting Fame of me
Go to Frankfirt website and you will see, they open nothing at 7 MEZ
I don't really care what opens when. All I know is that you're not following the rules Paulus laid out. Remember to adjust the times according to your metatrader server
  • #1,336
  • Jul 18, 2012 3:18am Jul 18, 2012 3:18am
Quoting jdva
you are correct for DAX opening, but FX is an hour earlier as far as one can talk of FX openings, but the european banks do so....
O.K thanx - I'll adjust my Euro Opening time to an hour earlier.
May the forex be with you |
  • #1,337
  • Jul 18, 2012 3:20am Jul 18, 2012 3:20am
Quoting FXFundi
!RobertOpenSession EA didn't open that trade.
You are right, my bad, the stoch was above 50. Oh well, I just have to see this pans out to my advantage. Am I right that the buy signal should have been X:59
  • #1,338
  • Jul 18, 2012 3:46am Jul 18, 2012 3:46am
Quoting spaizkadett
I don't really care what opens when. All I know is that you're not following the rules Paulus laid out. Remember to adjust the times according to your metatrader server
thumbs up....!
I never lose - either I win or I learn...
  • #1,339
  • Jul 18, 2012 3:59am Jul 18, 2012 3:59am
Quoting spaizkadett
You are right, my bad, the stoch was above 50. Oh well, I just have to see this pans out to my advantage. Am I right that the buy signal should have been X:59
yes, correct, open at 1.22822 (JFD brokers)....

HT jdva
I never lose - either I win or I learn...
  • #1,340
  • Jul 18, 2012 5:17am Jul 18, 2012 5:17am
By the way, if you want to use the normal MACD indicator, the settings are

Fast EMA:5
SlowEMA:34
MACD SMA:9
Apply price:Median price (HL/2)
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