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As simple as possible: 00 level trading

  • #5,121
  • Jun 24, 2014 9:23am Jun 24, 2014 9:23am
Not according to the rule about red news release but +20 G/U. 1.69900 to 1.69700

3 trades today = +70 pips

I don't recommend new traders to take trades so close to news release.

Stay green.
  • #5,122
  • Jun 24, 2014 9:35am Jun 24, 2014 9:35am
Quoting flx69
EU to TP {image}
Not according to the rules (no trade 30 minutes after red news), other than that, congrats!!
  • #5,123
  • Jun 24, 2014 9:39am Jun 24, 2014 9:39am
I know, should have waited another 15 minutes. But hey, the rules are there to be bent (sometimes).
  • #5,124
  • Jun 24, 2014 9:46am Jun 24, 2014 9:46am
Quoting flx69
I know, should have waited another 15 minutes. But hey, the rules are there to be bent (sometimes).

We will talk about that

Udine
Sleep less, live fast, as it aint gonna last
  • #5,125
  • Jun 24, 2014 9:49am Jun 24, 2014 9:49am
Quoting Udine
{quote} We will talk about that Udine

just him!! .. poor 69.. lol
Passion, Persist, Patience, Protect
  • #5,126
  • Jun 24, 2014 9:50am Jun 24, 2014 9:50am
Quoting FXEmpire
{quote} just him!! .. poor 69.. lol

Will let you know thursday

Udine
Sleep less, live fast, as it aint gonna last
  • #5,127
  • Jun 24, 2014 9:51am Jun 24, 2014 9:51am
Quoting Udine
{quote} Will let you know thursday Udine

let me know? whats going on thurs?
Passion, Persist, Patience, Protect
  • #5,128
  • Jun 24, 2014 9:52am Jun 24, 2014 9:52am
Quoting FXEmpire
{quote} let me know? whats going on thurs?
today aint thursday so wont tell you.....

Udine
Sleep less, live fast, as it aint gonna last
  • #5,129
  • Jun 24, 2014 9:53am Jun 24, 2014 9:53am
Quoting Udine
{quote} Will let you know thursday Udine


what about the boy shooting behind mommys skirt is he in too.. lol
Passion, Persist, Patience, Protect
  • #5,130
  • Jun 24, 2014 9:55am Jun 24, 2014 9:55am
Quoting FXEmpire
{quote} what about the boy shooting behind mommys skirt is he in too.. lol

sorry dont understand.. my english is not that good..

Udine
Sleep less, live fast, as it aint gonna last
  • #5,131
  • Jun 24, 2014 9:58am Jun 24, 2014 9:58am
Quoting jmflukeiii
{quote} Correct, but the EA is calculating your profit/loss via whatever quoted price (bid/ask) is relevant to the position. So for a long, it will exit when the bid reaches 5 pips; for a short, it will exit when the ask reaches 5 pips.
So when a long position is closed with wheelbarrel, it is closed at the Bid price. While if we set the TP , it will be closed sooner at the Ask price. correct? Of course in the latter's case we will be revealing our target to the broker.

FxPP
  • #5,132
  • Jun 24, 2014 10:00am Jun 24, 2014 10:00am
Quoting FxProPlayer
{quote} So when a long position is closed with wheelbarrel, it is closed at the Bid price. While if we set the TP , it will be closed sooner at the Ask price. correct? Of course in the latter's case we will be revealing our target to the broker. FxPP
I think you're getting a little too confused. A long position is closed at the bid price. A short position is closed at the ask price. Period. Doesn't matter if you use an EA or you close it manually. Hope that clears it up. Using a set TP, SL and TSL will reveal your hand to the broker. Period.
  • #5,133
  • Jun 24, 2014 10:02am Jun 24, 2014 10:02am
Quoting HannesJoub
{quote} What, nothing? Sheesh, tough crowd... H
Still, nothing? Comic genius is just not appreciated anymore

H
  • #5,134
  • Jun 24, 2014 10:03am Jun 24, 2014 10:03am
Quoting Udine
{quote} sorry dont understand.. my english is not that good.. Udine
Don't worry, my English is great and I don't understand either
Small disciplines repeated with consistency lead to great achievements.
  • #5,135
  • Jun 24, 2014 10:03am Jun 24, 2014 10:03am
Quoting Udine
{quote} sorry dont understand.. my english is not that good.. Udine

i figured..
Passion, Persist, Patience, Protect
  • #5,136
  • Jun 24, 2014 10:06am Jun 24, 2014 10:06am
Quoting HannesJoub
{quote} Still, nothing? Comic genius is just not appreciated anymore H
That was actually quite funny Hannes. I had a good laugh.
  • #5,137
  • Jun 24, 2014 10:09am Jun 24, 2014 10:09am
Quoting MKFXTrader
{quote} I think you're getting a little too confused. A long position is closed at the bid price. A short position is closed at the ask price. Period. Doesn't matter if you use an EA or you close it manually. Hope that clears it up. Using a set TP, SL and TSL will reveal your hand to the broker. Period.
umm so you mean to say closing a position with a limit order(tp) is the same as closing it at market price?
  • #5,138
  • Jun 24, 2014 10:14am Jun 24, 2014 10:14am
Quoting FxProPlayer
{quote} umm so you mean to say closing a position with a limit order(tp) is the same as closing it at market price?
If your TP is hit and you're using an EA, it will trigger a close at market price. Also any slippage that could occur due to your broker. If your TP or SL is triggered because you have set a manual hard SL or TP, then it will close at the price you have set. Minus any slippage due to the broker. Does that make sense? If not, maybe someone else that speaks better English can explain it more clearly.
  • #5,139
  • Jun 24, 2014 10:19am Jun 24, 2014 10:19am
Quoting FxProPlayer
{quote} umm so you mean to say closing a position with a limit order(tp) is the same as closing it at market price?
To be more clear about how your orders are opened and closed ... regardless manually or by EA:

1/ BUY order is opened with the ASK price and closed with the BID price

2/ SELL order is opened with the BID price and closed with the ASK price
MT4/MT5 EAs/Indicators/Alerts coder
  • #5,140
  • Jun 24, 2014 10:22am Jun 24, 2014 10:22am
Quoting FerruFx
{quote} To be more clear about how your orders are opened and closed ... regardless manually or by EA: 1/ BUY order is opened with the ASK price and closed with the BID price 2/ SELL order is opened with the BID price and closed with the ASK price


some people miss clearly the basics..


Udine
Sleep less, live fast, as it aint gonna last
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