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As simple as possible: 00 level trading

  • #5,761
  • Jun 26, 2014 3:45am Jun 26, 2014 3:45am
london open

gj -- TP

EJ -- BE
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  • #5,762
  • Jun 26, 2014 3:48am Jun 26, 2014 3:48am
Quoting Udine
Way too much stress.. done for the day + bonus EJ & GJ to TP Udine {image}
Did you have a buy pending at 173.000 GJ, or it was too close to DO for you?

Thanks in advance!

Artem
Let's go with the flow
  • #5,763
  • Jun 26, 2014 3:50am Jun 26, 2014 3:50am
Bonus GA long 13pips 1.8070 TSL at 1.80837

*will burpee as i did an experiment not setting Wukar TP to true and only exit using TSL.

will stop trading for today
  • #5,764
  • Jun 26, 2014 3:54am Jun 26, 2014 3:54am
Quoting Udine
{quote} scripts Udine
Can you provide us the script you use thanks?
  • #5,765
  • Jun 26, 2014 4:02am Jun 26, 2014 4:02am
Quoting adler
{quote} Can you provide us the script you use thanks?
See post 2031,2036,2041
  • #5,766
  • Jun 26, 2014 4:03am Jun 26, 2014 4:03am
Quoting adler
{quote} Can you provide us the script you use thanks?
Post 1855.
Let's go with the flow
  • #5,767
  • Jun 26, 2014 4:19am Jun 26, 2014 4:19am
EJ +5...done for the day
  • #5,768
  • Jun 26, 2014 4:21am Jun 26, 2014 4:21am
EJ sell @ 138.600 -> TP

and I've only recovered from one loss
  • #5,769
  • Jun 26, 2014 4:27am Jun 26, 2014 4:27am
I know this is user error, how do we use the scripts? I drop it on the chart and nothing happens, so I think that I am doing something wrong...advice?

Thanks

H
  • #5,770
  • Jun 26, 2014 4:33am Jun 26, 2014 4:33am
Quoting HannesJoub
I know this is user error, how do we use the scripts? I drop it on the chart and nothing happens, so I think that I am doing something wrong...advice? Thanks H
If nothing happens it means price was too close to the 00 line...
Usually you need the same distance away as for a stop loss.

Try to spot a set up and place the pending order before the price gets too close!

  • #5,771
  • Jun 26, 2014 4:39am Jun 26, 2014 4:39am
Sell EA @ 1.44700 -> TP
  • #5,772
  • Jun 26, 2014 4:45am Jun 26, 2014 4:45am
Thanx Udine , You're a Good Bloke with a Ripper system Hope all your numbers come up..cheers Q
Whats That? you're trading What?
  • #5,773
  • Jun 26, 2014 4:48am Jun 26, 2014 4:48am
Welcome Pixie-01
Whats That? you're trading What?
  • #5,774
  • Jun 26, 2014 4:49am Jun 26, 2014 4:49am
Quoting MrTD
{quote} If nothing happens it means price was too close to the 00 line... Usually you need the same distance away as for a stop loss. Try to spot a set up and place the pending order before the price gets too close!
Okay, so the Script already has the spot to open a trade built in (closest 00 line), and if I understand you correctly, if nothing happens, the parameters were not met, if they were met, a pending order would be placed? nothing else needed from my side?

Thanks for your original reply.

H

EDIT: I went back and checked on a demo...it works as it should, problem was distance to the 00 line and the spread on the demo...Thanks to all involved.

Cheers

H
  • #5,775
  • Jun 26, 2014 4:51am Jun 26, 2014 4:51am
Quoting artem_t
{quote} Post 1855.
How unfortunate, that there is no source code
  • #5,776
  • Jun 26, 2014 4:59am Jun 26, 2014 4:59am
Quoting HannesJoub
{quote} Okay, so the Script already has the spot to open a trade built in (closest 00 line), and if I understand you correctly, if nothing happens, the parameters were not met, if they were met, a pending order would be placed? nothing else needed from my side? Thanks for your reply. H
Correct!
2% risk, 5 pips takeprofit, 10 pips stoploss are preset.
You can always drag the lines further away after the pending order is placed if you don't want those settings.
But it is made for the system we are learning here...
Used in conjunction with the trailing stop EA and you have very little to do other than choose your entry's

All the best,
MrTD
  • #5,777
  • Jun 26, 2014 4:59am Jun 26, 2014 4:59am
Just IMO , I think newbies need to do the hard yards and learn HOW to set targets etc etc before they graduate to the lazy way of auto trading ... just a thought ... cheers Q
Whats That? you're trading What?
  • #5,778
  • Jun 26, 2014 5:03am Jun 26, 2014 5:03am
Quoting Qed
Just IMO , I think newbies need to do the hard yards and learn HOW to set targets etc etc before they graduate to the lazy way of auto trading ... just a thought ... cheers Q
Agree to some extent, but I did miss a trade today because I was manually placing orders and the second trade I was going to place already went past the 00 line before I got to place it, 10 minutes later sure enough it went to TP... speed can be a benefit here as well
  • #5,779
  • Jun 26, 2014 5:04am Jun 26, 2014 5:04am
Quoting MrTD
{quote} Correct! 2% risk, 5 pips takeprofit, 10 pips stoploss are preset. You can always drag the lines further away after the pending order is placed if you don't want those settings. But it is made for the system we are learning here... Used in conjunction with the trailing stop EA and you have very little to do other than choose your entry's All the best, MrTD
Thanks again for your reply MrTD, all is clear now.

At the risk of pushing my luck, do we have a script that will close all pending orders?

H
  • #5,780
  • Jun 26, 2014 5:04am Jun 26, 2014 5:04am
Quoting Qed
Thanx Udine , You're a Good Bloke with a Ripper system Hope all your numbers come up..cheers Q

thx

yup all good here..

having fun here with 69, who is sitting besides me to trade together... although was a short trading day

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