Prices are never too high to begin buying or too low to begin selling.
Are you a trend trader or a counter-trend trader? 29 replies
A beginner trader vs pro trader 15 replies
from retail trader to full-time trader 17 replies
Discipline Trader and Voice Trader EA/IND 16 replies
DislikedHi Guys, there may be an issue with the MACD trades, I think it is only taking longs. I will have to take a look at it. So please hold off on the using the MACD trend determination. Thanks!Ignored
DislikedAn improvement to this type of EA's (TCO or 100pips) would be an option of a minimum distance that one position has to have from another, cause I see a lot of positions are opened sometimes in some pairs that range at a certain point....this way you do not have 3 positions that are 3-5 pips with each other. Now I am not saying to make this grid trading, no...but every time the williams goes to the o/s or o/b the EA would have to check for a certain distance from the last position opened......but that is just my 2 cents.....Ignored
QuoteDislikedHigher TF Trend Modes - can be set to whatever Higher TF you desire, the EA is designed to work with one method so if you mark one true, mark the others false.
Ichimoku - Tenkan Sen/Kijun Sen cross, with a Kijun Sen trailing stop feature.
20/50 EMA Cross – 100PipsADay's basic strategy, however it enters on close of the lower TF bars
Adjustable MACD Trend above/below zero – based on Third Screen MACD strategy
DislikedHi TCO. In your first post you say: {quote} The trend shift in the 20/50 EMA method is price crossing both EMA's, and not the EMA's crossing each other. FahmiIgnored
DislikedTCO, the 100Pips EA requires NO EMA 20/50 cross, just below/above for trend confirmation: "Price needs to be above / below BOTH the 20 EMA and 50 EMA on the Daily chart. Above = BUY Below = SELL" How does your EA determine trend? EMA cross often gives later signals...IMHO. HT jdvaIgnored
DislikedAn improvement to this type of EA's (TCO or 100pips) would be an option of a minimum distance that one position has to have from another, cause I see a lot of positions are opened sometimes in some pairs that range at a certain point....this way you do not have 3 positions that are 3-5 pips with each other. Now I am not saying to make this grid trading, no...but every time the williams goes to the o/s or o/b the EA would have to check for a certain distance from the last position opened......but that is just my 2 cents.....Ignored
Disliked{quote} This is a good point and something worth looking into. TCO, I am particularly interested in "1) Close All Open Trades On Opposite Signal - can be turned on or off" If turned on when would the EA close all positions, when the MACD initially changes colour? I personally would think it is best to let the D1 MACD close before closing all positions and changing direction as I have jumped the gun before manually when I saw a change in the histogram only for it to resume in the original direction the same day. So when D1 MACD is close to changing...Ignored
Disliked{quote} TCO, I think in the MACD assignment line you need to use mode = 2, nor 0. double MACD = iCustom(NULL, Trend_TF , "macd_adjustable", MACD_Fast , MACD_Slow , MACD_Signal , 3 , True , True , 2, 1); With 2 you detect when the two EMAs cross. With regards, MaudurIgnored
Disliked{quote} Hi 4xPIPAHOLIC, I see what you are saying, but I think that is the nature of this strategy. Sometimes you are going to load up a bunch of trades in a range, and you may reach your trade max in that range, but if the prices takes off, your profits will be great. If you limited your trade entry with a pip step then you may have only had one trade that hits profit and not multiple trades. I think this strategy is designed to load up in retracements and then when the trend gets moving again, you will reap the rewards. So....I think the pip step...Ignored