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As simple as possible: 00 level trading

  • #3,261
  • Edited 8:40pm Jun 17, 2014 6:26pm | Edited 8:40pm
So it seems that Pannet1 and I were both working on this combined EA separately without the other one knowing. Mine seems to be working correctly with options for hidden TP, SL, BE and TS. I just added one more thing to delete the BE line if using TS just to keep it cleaner. Also there is an OCO (One Cancels Other) option if you place a Buy and a Sell order on the same chart, it will delete which ever one is not triggered, if you set it to True.

The Trailing Stop works fine, but the Trailing Step option doesn't really do anything right now. Maybe I'll fix that in the future. Let me know if you find something that does not work. Right now Commission is applied to both BE and TP so for $7 comm, BE will be 7 points (0.7 pips) above Entry and the same above TP.

Pannet1 will probably be releasing his version soon too which has just a few differences in case you prefer his.

Edit: forgot to delete HBE label . It won't affect anything. Fixed now
Attached File(s)
File Type: mq4 WUKAR_WB_Trail_v1_3_2e.mq4   12 KB | 2,944 downloads
  • #3,262
  • Jun 17, 2014 6:48pm Jun 17, 2014 6:48pm
Quoting ericjschroed
So it seems that Pannet1 and I were both working on this combined EA separately without the other one knowing. Mine seems to be working correctly with options for hidden TP, SL, BE and TS. I just added one more thing to delete the BE line if using TS just to keep it cleaner. Also there is an OCO (One Cancels Other) option if you place a Buy and a Sell order on the same chart, it will delete which ever one is not triggered, if you set it to True. The Trailing Stop works fine, but the Trailing Step option doesn't really do anything right now. Maybe...
Eric - will the OCO function cancel all pending orders for that currency pair?

Will this EA manage only the currency pair on which it is placed?

Thank you -
Small disciplines repeated with consistency lead to great achievements.
  • #3,263
  • Jun 17, 2014 6:49pm Jun 17, 2014 6:49pm
Nice work Eric. Appreciated...
  • #3,264
  • Jun 17, 2014 6:55pm Jun 17, 2014 6:55pm
New day opens,

EURJPY tp, 5pips+

Currently, the spread would be a big issue for me. Would like to change from OANDA to another broker.
Outcome is not important at all, but correct technique is what only matters
  • #3,265
  • Jun 17, 2014 6:56pm Jun 17, 2014 6:56pm
Quoting Udine
{quote} maybe so, but logical sense gets lost in the presence of greed... Udine
Sure!
MT4/MT5 EAs/Indicators/Alerts coder
  • #3,266
  • Jun 17, 2014 7:08pm Jun 17, 2014 7:08pm
Quoting ericjschroed
.......... Right now Commission is applied to both BE and TP so for $7 comm, BE will be 7 points (0.7 pips) above Entry and the same above TP. Pannet1 will probably be releasing his version soon too which has just a few differences in case you prefer his. {file}
++++++++++++++++++++++++++++++++


I'm guessing for "No Commission" a "0" should do?

Thanks
  • #3,267
  • Jun 17, 2014 7:10pm Jun 17, 2014 7:10pm
Quoting szpowerx
New day opens, EURJPY tp, 5pips+ Currently, the spread would be a big issue for me. Would like to change from OANDA to another broker.
nice i got that +5 on ej as well

I found a reliable broker which i am doing demo testing atm
mbtrading exn spread account
The ej spread is most of the time at 1.7 which is not better, but i saw a 0.1 spread like an hour ago (stayed at 0.4 for like 3 - 5 min and back to 1.7)
Still puzzled about this, but the spreads are much more consistent than oanda. Oanda's spreads change every sec
  • #3,268
  • Jun 17, 2014 7:11pm Jun 17, 2014 7:11pm
Quoting jmflukeiii
{quote} Eric - will the OCO function cancel all pending orders for that currency pair? Will this EA manage only the currency pair on which it is placed? Thank you -
Yes (it should)

Yes only that pair.
  • #3,269
  • Jun 17, 2014 7:12pm Jun 17, 2014 7:12pm
Quoting szpowerx
New day opens, EURJPY tp, 5pips+ Currently, the spread would be a big issue for me. Would like to change from OANDA to another broker.

GJ TP, 5pips +

Today's task done.
Outcome is not important at all, but correct technique is what only matters
  • #3,270
  • Jun 17, 2014 7:13pm Jun 17, 2014 7:13pm
TP +5 on GJ

When I cant get my morning pips, I need to come back to it after work.

Check out my Oanda spreads right now... still worked though. Trimmed BE TS back to 3 pips and will keep an eye on it.
Attached Image (click to enlarge)
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Remember that guy who gave up? Neither does anyone else.
  • #3,271
  • Jun 17, 2014 7:13pm Jun 17, 2014 7:13pm
Quoting diamonddbw
{quote} ++++++++++++++++++++++++++++++++ I'm guessing for "No Commission" a "0" should do? Thanks
Yes. Now to spend more time trading (learning) and less time coding.
  • #3,272
  • Jun 17, 2014 7:13pm Jun 17, 2014 7:13pm
Quoting mm2mm
{quote} nice i got that +5 on ej as well I found a reliable broker which i am doing demo testing atm mbtrading exn spread account The ej spread is most of the time at 1.7 which is not better, but i saw a 0.1 spread like an hour ago (stayed at 0.4 for like 3 - 5 min and back to 1.7) Still puzzled about this, but the spreads are much more consistent than oanda. Oanda's spreads change every sec

Thanks buddy!

During my surf on the web, i noticed mbtraing too, if you enjoy it. Please feel free to let me know, i will consider it too.

No reason to pay additional 3pips.
Outcome is not important at all, but correct technique is what only matters
  • #3,273
  • Jun 17, 2014 7:17pm Jun 17, 2014 7:17pm
Quoting szpowerx
{quote} Thanks buddy! During my surf on the web, i noticed mbtraing too, if you enjoy it. Please feel free to let me know, i will consider it too. No reason to pay additional 3pips.
It stayed long enough at 0.4 to grab a screenshot

When i saw the 0.1 - 0.4 I was like
But then changed at 1.7 ughh


Does anyone have an account with mbtrading?
Attached Image (click to enlarge)
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  • #3,274
  • Jun 17, 2014 7:17pm Jun 17, 2014 7:17pm
Quoting mm2mm
{quote} nice i got that +5 on ej as well I found a reliable broker which i am doing demo testing atm mbtrading exn spread account The ej spread is most of the time at 1.7 which is not better, but i saw a 0.1 spread like an hour ago (stayed at 0.4 for like 3 - 5 min and back to 1.7) Still puzzled about this, but the spreads are much more consistent than oanda. Oanda's spreads change every sec
let me know how it works as well.

Currently doing research trying to find a well regulated ECN broker offering to US clients with low spread and commission instead. Seems like commission is the way to go with the FIFO strategy.
Remember that guy who gave up? Neither does anyone else.
  • #3,275
  • Jun 17, 2014 7:26pm Jun 17, 2014 7:26pm
Quoting Sagramor
TP +5 on GJ When I cant get my morning pips, I need to come back to it after work. Check out my Oanda spreads right now... still worked though. Trimmed BE TS back to 3 pips and will keep an eye on it. {image}
You are trading Long with a RmUp in RED ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #3,276
  • Jun 17, 2014 7:39pm Jun 17, 2014 7:39pm
Quoting FerruFx
{quote} You are trading Long with a RmUp in RED ...
The market just opened - he doesn't have the correct indicator loaded on the chart - that must be leftover from when Udine posted his templates.
Small disciplines repeated with consistency lead to great achievements.
  • #3,277
  • Jun 17, 2014 7:43pm Jun 17, 2014 7:43pm
Quoting FerruFx
{quote} You are trading Long with a RmUp in RED ...

FXCM open at forty minutes ago, so not RmUp in RED. Price is above daily open
Outcome is not important at all, but correct technique is what only matters
  • #3,278
  • Jun 17, 2014 7:52pm Jun 17, 2014 7:52pm
Quoting jmflukeiii
{quote} The market just opened - he doesn't have the correct indicator loaded on the chart - that must be leftover from when Udine posted his templates.
Correct

Should have just snipped that out...
Remember that guy who gave up? Neither does anyone else.
  • #3,279
  • Jun 17, 2014 8:08pm Jun 17, 2014 8:08pm
G/A Win. +5 pips. Halfway done.
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  • #3,280
  • Jun 17, 2014 8:40pm Jun 17, 2014 8:40pm
Thanks Eric
cheers
hannele
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