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Buy sell line trading

  • #2,161
  • Dec 13, 2012 12:45am Dec 13, 2012 12:45am
Quoting kaka_ht
Hi Olarion,what are pairs do you play with?EU,GU,GOLD,...?
I trade AudJpy, AudUsd, ChfJpy, CadJpy, EurAud, EurCad, EurJpy, EurUsd, GbpChf, GbpJpy, GbpUsd, NzdJpy, NzdUsd, UsdCad, UsdChf, UsdJpy, Gold (XauUsd), Silver (XagUsd).
  • #2,162
  • Dec 13, 2012 1:32am Dec 13, 2012 1:32am
Quoting Olarion1975
Darren, you have my vouch for sharing this great strategy!
for countertrend you have to know how S/R cycles work and how to draw proper S/R...and I haven't seen anyone on here come close.
tradewith60
  • #2,163
  • Dec 13, 2012 6:08am Dec 13, 2012 6:08am
Quoting 60minuteman
very nice... if i could make a variation, it would be to only step the stop loss when the close was in the direction of the trade.... but great im gonna play with this!!! thanks
Hi Darren,

attached you'll find the modified version of the trailing EA. I posted my request in the "Platform Tech" section and RaptorUK did the modification.
I tested it and it works perfecty!!

The stoploss is now only stepped if the candle close was in the direction of the trade. The feature is also made optional.

Have fun with it!
Attached File(s)
File Type: mq4 TrailingByShadows.mq4   8 KB | 504 downloads
  • #2,164
  • Dec 13, 2012 6:17am Dec 13, 2012 6:17am
Quoting 60minuteman
gkfx.com wouldn't put real money in alpari dont like them at all
Hi 60,

Does GKFX support spread betting? I think i need to go down that route for tax purposes.

Thanks,
Syed
  • #2,165
  • Dec 13, 2012 6:30am Dec 13, 2012 6:30am
Quoting Olarion1975
Hi Darren,

attached you'll find the modified version of the trailing EA. I posted my request in the "Platform Tech" section and RaptorUK did the modification.
I tested it and it works perfecty!!

The stoploss is now only stepped if the candle close was in the direction of the trade. The feature is also made optional.

Have fun with it!
awesome mate!!! big respect for your effort
tradewith60
  • #2,166
  • Dec 13, 2012 6:32am Dec 13, 2012 6:32am
Quoting kashTrader
Hi 60,

Does GKFX support spread betting? I think i need to go down that route for tax purposes.

Thanks,
Syed
GKFX are spread betting yes, you can trade CFD's, index's, forex, commodities and futures... and the spreads are fixed, always!
tradewith60
  • #2,167
  • Dec 13, 2012 6:34am Dec 13, 2012 6:34am
Quoting 60minuteman
GKFX are spread betting yes, you can trade CFD's, index's, forex, commodities and futures... and the spreads are fixed, always!
Great. I was doing demo on FXCM. I think I will now move to GKFX and then see if I can go live with Buy and SELL

Thanks
  • #2,168
  • Dec 13, 2012 6:58am Dec 13, 2012 6:58am
Quoting Olarion1975
Hi Darren,

attached you'll find the modified version of the trailing EA. I posted my request in the "Platform Tech" section and RaptorUK did the modification.
I tested it and it works perfecty!!

The stoploss is now only stepped if the candle close was in the direction of the trade. The feature is also made optional.

Have fun with it!
Sounds really cool bro. I have never used an EA. Tried attaching this to a trade but didn't seems to do anything. It must be that I really don't know how to use it. Could you please lay out the steps of using this EA. Starting with creating a trade. An example graphic would even be better.
I am on demo so there is no hurry. Please reply at your convenience.

Thanks.
  • #2,169
  • Dec 14, 2012 1:45am Dec 14, 2012 1:45am
Why do you think this GLD short didn't work?
Attached Image (click to enlarge)
Click to Enlarge Name: gldshort.gif Size: 30 KB
  • #2,170
  • Dec 14, 2012 10:07am Dec 14, 2012 10:07am
Quoting kashTrader
Why do you think this GLD short didn't work?
watch that mid-night h1 on gold... its when the exchange switches and it can be a bit erratic... see that gap..

other than that, was a loser... gold has been ok this week though, made some nice pippage on it
tradewith60
  • #2,171
  • Dec 14, 2012 10:14am Dec 14, 2012 10:14am
Quoting kashTrader
Why do you think this GLD short didn't work?
a) When price closes nearly halfway up the range of the signal bar, it is a lower-probability trade.
b) Despite being below the MA, the trend that preceded the signal bar was not solid.
c) Even if everything had set up perfectly, some trades will not be winners. "That's trading."
  • #2,172
  • Dec 14, 2012 4:13pm Dec 14, 2012 4:13pm
Quoting 60minuteman
watch that mid-night h1 on gold... its when the exchange switches and it can be a bit erratic... see that gap..

other than that, was a loser... gold has been ok this week though, made some nice pippage on it
Thanks 60. I will definitely keep an eye out for midnight and will try not to trade then. I also find that with GOLD being 5 pip spread is a hard bargain to drive. I am sure you have done well in Gold but, when I look at the 1H chart, I see a lack of trend for the past week making it very difficult to decide a long/short bias.
  • #2,173
  • Dec 14, 2012 4:21pm Dec 14, 2012 4:21pm
Thanks California.

So, how much of the range should do we ideally want to get covered in the signal bar to increase the probability of the trade?
Yes, I realise Gold was not a solid trend. Hence, I asked the question to ensure that I wasn't missing any other reasons.
Finally, yes, I do realise that we will have a portion of the trade that are unsuccessful regardless of the method, hence trading. I am just trying to learn how to minimise this possibility.


Quoting California
a) When price closes nearly halfway up the range of the signal bar, it is a lower-probability trade.
b) Despite being below the MA, the trend that preceded the signal bar was not solid.
c) Even if everything had set up perfectly, some trades will not be winners. "That's trading."
  • #2,174
  • Dec 14, 2012 5:00pm Dec 14, 2012 5:00pm
Quoting kashTrader
Thanks California.

So, how much of the range should do we ideally want to get covered in the signal bar to increase the probability of the trade?
Yes, I realise Gold was not a solid trend. Hence, I asked the question to ensure that I wasn't missing any other reasons.
Finally, yes, I do realise that we will have a portion of the trade that are unsuccessful regardless of the method, hence trading. I am just trying to learn how to minimise this possibility.
The more, the better. Backtesting will allow you to become an expert.
  • #2,175
  • Dec 14, 2012 11:02pm Dec 14, 2012 11:02pm
Hi everyone!Can anyone tell me why it didn't work!It was in H1 USD/JYP at 12 am GMT,Friday!Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-12-15_USDDJYP.png Size: 12 KB
  • #2,176
  • Dec 15, 2012 1:29am Dec 15, 2012 1:29am
Quoting kaka_ht
Hi everyone!Can anyone tell me why it didn't work!It was in H1 USD/JYP at 12 am GMT,Friday!Thanks!
I think with this one the market just turned and you were unlucky
  • #2,177
  • Dec 15, 2012 6:38am Dec 15, 2012 6:38am
ok im a bit confused about the bars you are taking. the rule states that the bar you take should be an engulfing bullish outside or bearish outside bar. some of the entries you take are just bullish or bearish bars. they do not 'engulf'. did i miss something? the question kept nagging at me though im only at the 138 page of the forum. can someone please shed some light here. thanks.
  • #2,178
  • Dec 15, 2012 11:28am Dec 15, 2012 11:28am
Quoting gex_mbla
ok im a bit confused about the bars you are taking. the rule states that the bar you take should be an engulfing bullish outside or bearish outside bar. some of the entries you take are just bullish or bearish bars. they do not 'engulf'. did i miss something? the question kept nagging at me though im only at the 138 page of the forum. can someone please shed some light here. thanks.
commando on m15 uses closes in the direction.

buy sell on h1 and above uses engulf (just open and closes) and type 2 entries... explained on the first post
tradewith60
  • #2,179
  • Dec 15, 2012 5:10pm Dec 15, 2012 5:10pm
Quoting 60minuteman
commando on m15 uses closes in the direction.

buy sell on h1 and above uses engulf (just open and closes) and type 2 entries... explained on the first post
Hi 60min,what do you think about my chart at #2175?Thanks
  • #2,180
  • Dec 16, 2012 5:15pm Dec 16, 2012 5:15pm
Quoting kaka_ht
Hi 60min,what do you think about my chart at #2175?Thanks
im not going to answer the question, in the long run you would be better answering the question for yourself...

its not difficult, but it will take some of your time and some effort.....
tradewith60
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