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D1 - 20 EMA & 50 EMA

  • #321
  • May 16, 2013 10:12am May 16, 2013 10:12am
Quoting pirt666
Thanks 100Pips. Exactly what I wanted to know. Thanks a lot. I hope we don't hassle you to much with all our questions. Anyway, thanks for your answers and your patience.
If I wasn't making money trading then I might be a little less patient teaching...
  • #322
  • May 16, 2013 10:16am May 16, 2013 10:16am
Quoting 100PipsADay
{quote} If I wasn't making money trading then I might be a little less patient teaching...
I hope you continue then... So that you'll keep teaching us till we start making money..
Always try just one more time...
  • #323
  • May 16, 2013 10:46am May 16, 2013 10:46am
100pips can you a option in the code to choose that if trend reverses it can close the trade. Is this possible to do?
  • #324
  • May 16, 2013 11:04am May 16, 2013 11:04am
Quoting eaglefaith7
100pips can you a option in the code to choose that if trend reverses it can close the trade. Is this possible to do?
Are you serious?

If I could do this (or anybody for that matter) I would be a multi-billionaire and would probably not be wasting my time behind the computer screen...

Come on guys, I'm not making any changes to this EA. Use a little common sense and apply what you know about FOREX in order to make better trading decisions to become more profitable.

This EA helps to find the overall trend on the D1 chart and provides us with good entry points on the H1. I have also given recommended SL and TP parameters for each particular pair due to volatility and average trading range. There is nothing else that we need to do except keep an eye on our trades every few hours / few days.

**This EA was not designed to make us rich and was not designed to spoon feed either.

EagleFaith,

This is not only directed at you, it is for anybody who does not have the basic knowledge about FOREX or people who are not willing to apply any effort to become profitable in the currency market. Although I wanted a completely automated system initially, I just don't think that will be possible with this particular strategy due to various factors.
  • #325
  • May 16, 2013 11:38am May 16, 2013 11:38am
I could use some feedback regarding setting this EA up on a "mini" account. I have left the EA lot size at .1 which means that each pip in my mini account with 50:1 leverage here in the USA will be worth a dime, right?

Thank you.
  • #326
  • May 16, 2013 11:46am May 16, 2013 11:46am
Never mind, I figured it out and it's correct. Each pip is worth a dime in a mini account with the EA lot size set to .1. Thanks 100PipsADay. Nice system...to say the least. =)
  • #327
  • May 16, 2013 12:11pm May 16, 2013 12:11pm
Hi Guys,

This is very informative. Please check this out.

http://fxcraft.biz/wp-content/upload...03/FVOE_en.pdf

Good luck.
  • #328
  • May 16, 2013 12:19pm May 16, 2013 12:19pm
Bomi, Can't get that link to work.
  • #329
  • May 16, 2013 12:44pm May 16, 2013 12:44pm
I think there is a mistake here....why buy????
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_02 May. 16 12.42.gif Size: 34 KB
  • #330
  • May 16, 2013 1:46pm May 16, 2013 1:46pm
Quoting 100PipsADay
{quote} You might want to use a different MT4 platform for Demo. Unless maybe you go to "Tools" ---------- "Options" ---------- "Expert Advisors" Then check both boxes shown on the chart below. So you may want to activate them on the Demo and then check the two boxes. When you switch to your live account it should be disabled... Maybe somebody else can clarify. {image}
100Pips , Strange that Demo and live do both , Leave it i will do manual trading till u said the system is perfect , Then i will use it Thanks
  • #331
  • May 16, 2013 2:16pm May 16, 2013 2:16pm
Hey 100pips running this EA on demo account and I must say this is the best most awesome EA I have ever seen loving it.
  • #332
  • May 16, 2013 2:56pm May 16, 2013 2:56pm
Quoting eaglefaith7
100pips can you a option in the code to choose that if trend reverses it can close the trade. Is this possible to do?
100pipsaday,

could you please modify your EA to prepare a coffee when I need one?

Honestly your entire strategy and its EA are just GREAT.
Congratulations once again, thank you for your time and your tremendous work.
Many thanks also to khaled_ctg and Erebus.

aly365
  • #333
  • May 16, 2013 3:09pm May 16, 2013 3:09pm
Quoting aly365
{quote} 100pipsaday, could you please modify your EA to prepare a coffee when I need one? Honestly your entire strategy and its EA are just GREAT. Congratulations once again, thank you for your time and your tremendous work. Many thanks also to khaled_ctg and Erebus. aly365


You're welcome!
  • #334
  • May 16, 2013 4:16pm May 16, 2013 4:16pm
Quoting eaglefaith7
100pips can you a option in the code to choose that if trend reverses it can close the trade. Is this possible to do?
Define your version of

TREND

and then they can program that for you.

The EA already has entry, exit, stop loss, take profit, stop trading manual over-ride, what more do you want; make you coffee?

That is in next version by the way

MAY THE TREND BE WITH YOU
  • #335
  • May 16, 2013 4:26pm May 16, 2013 4:26pm
Hey the EA is great it makes money the best I have ever seen. I think I was asking for to much!
  • #336
  • May 16, 2013 4:32pm May 16, 2013 4:32pm
Quoting 100PipsADay
{quote} I've never had that happen before... Not sure what to say. Please let me know if that happens again so that I can get it checked out, thanks for letting me know.
Please check the trades from last night on NZD-JPY

Maybe entered on a quick spike up? Perhaps confused by the -80 / -20 lines, something in the code?

I have 3 trades and they are also on your Explorer accounts.

Be OK if YEN rockets up again

Attached Image (click to enlarge)
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MAY THE TREND BE WITH YOU
  • #337
  • May 16, 2013 5:39pm May 16, 2013 5:39pm
Quoting Erebus
{quote} Please check the trades from last night on NZD-JPY Maybe entered on a quick spike up? Perhaps confused by the -80 / -20 lines, something in the code? I have 3 trades and they are also on your Explorer accounts. Be OK if YEN rockets up again {image}
Erebus.

I dont see anything wrong with those trades. They're buy trades, w% is oversold, they're more than 6 hours apart. Just wait and see how it plays out..
Always try just one more time...
  • #338
  • May 16, 2013 6:55pm May 16, 2013 6:55pm
Quoting pirt666
{quote} Erebus. I dont see anything wrong with those trades. They're buy trades, w% is oversold, they're more than 6 hours apart. Just wait and see how it plays out..
Yeah, you are right, now price under the Daily 20 EMA so will se how the EA behaves itself, should not take any more positions for now

Just hate see drawdown coming in to this method while 100pips is way ahead

MAY THE TREND BE WITH YOU
  • #339
  • May 16, 2013 8:59pm May 16, 2013 8:59pm
Hi 100,

Great system you have here and thank you for sharing.
I also went and read your Three Screen Strategy.....

I see that both systems are alike, and the difference is the way you describe trend in the daily tf.

on the three screeen strategy you use MACD to define uptrend and on the 20-50 you use emas in daily tf

from my short period of observation, it seems like MACD is doing a better job in defining trend in the daily tf and therefore providing a better entry in h1 tf

in your opinion, which strategy is better?

I am sorry if this is OOT, I will delete the post if it is deemed to be so

Thank you
Failure leads to Success if one learns from mistakes and never give up
  • #340
  • May 16, 2013 11:12pm May 16, 2013 11:12pm
Quoting Softrader
{quote} Good morning 100Pips and good morning everybody, the EA has collected 1100 pips from yesterday! Maybe, friend 100pips, you have to change your nick, 100PipsAday, with 1000pipsAday? I know that it will not be always so positive, anyway i'm so glad to know that system, not just because it is really extraordinary, but also because he is giving me a wonderful setup to trade manually, using the daily EMA's on the 1h timeframe, (EMA1200 and EMA 480), and bollinger bands,W%, some lower MA, and go on! Thank you again 100Pips! {image}
Ema 1200 and EMA 480 are you sure? can i have the set up also? thx
Never say no to PIPS
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