Islander and Medici trade the European open | Page 256 | Forex Factory

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Islander and Medici trade the European open

  • #5,101
  • Jan 26, 2015 8:24am Jan 26, 2015 8:24am
EA or not the entries are sound.

Nice work Islander.Semi automation makes life that bit easier.Not all tings can be programmed but some can and if it can be programmed.Why not.
Programming for trading is basic computer knowledge , trading knowledge and some good old fashion mathematics.

Im currently learning mql4 and its not that complicated and takes up some time but learning a skill that will benefit you in your trading is no waste IMHO.
Look here.Simple coding and with some common sense http://www.forexfactory.com/showthre...37#post8021037

I personally think there are many many EA's out there that do well.Yours seem to be doing a good job.

All the best captain

Rooi
We miss 100% of the shots we don't take
  • #5,102
  • Jan 27, 2015 1:11am Jan 27, 2015 1:11am
Quoting Rooi
EA or not the entries are sound. Nice work Islander.Semi automation makes life that bit easier.Not all tings can be programmed but some can and if it can be programmed.Why not. Programming for trading is basic computer knowledge , trading knowledge and some good old fashion mathematics. Im currently learning mql4 and its not that complicated and takes up some time but learning a skill that will benefit you in your trading is no waste IMHO. Look here.Simple coding and with some common sense http://www.forexfactory.com/showthre...37#post8021037...
Hi Rooi
Thanks and I hope you're doing well
For me, its about getting the entries and not have to be sooo focused all of the time on every little movement.
Take care
Islander
Trading Levels with WRBs
  • #5,103
  • Jan 27, 2015 2:09am Jan 27, 2015 2:09am
GM - EA sold in 7:01 bar and out +40 in 8:00 bar - that's ~the 50% retrace of the last rally.

Now looking for a HL....
Trading Levels with WRBs
  • #5,104
  • Jan 27, 2015 3:45am Jan 27, 2015 3:45am
Quoting Islander
GM - EA sold in 7:01 bar and out +40 in 8:00 bar - that's ~the 50% retrace of the last rally. Now looking for a HL....
Got a LH instead, so a sell......I turned the EA off ~half an hour ago - price is rangebound. A look at a chart with "levels" shows what's happening.
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #5,105
  • Jan 27, 2015 5:53am Jan 27, 2015 5:53am
Always remember the basics......a retrace that turns ~ the 50% level is a reminder to keep the EA in Sell Only mode......the 1m signal was after the LH that followed and obviously earlier than the 5m signal shown....
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #5,106
  • Jan 28, 2015 1:58am Jan 28, 2015 1:58am
GM - the high so far is at the 50% retrace and the low at today's DP, so an easy 30+ to start the day.....
Trading Levels with WRBs
  • #5,107
  • Jan 28, 2015 2:16am Jan 28, 2015 2:16am
Quoting Islander
GM - the high so far is at the 50% retrace and the low at today's DP, so an easy 30+ to start the day.....
Good Morning Islander,
I hope all is well.

Just a quick update. Having fiddled with the EA settings, I got it started but for GBPUSD. This morning, I am trying to get Ger30 going but as yet have had no signal on 1M. I am not sure if the settings are correct? Is SL 100.0 and TP 400.0 correct or should it be 10.0/40.0 or 1000.0 4000.0? I am also thinking it should be a down day, so I have it set to S only. Yesterday's action on GBPUSD was a bit wild with several opens and closes without me spotting them until I saw the account balance going down.
One other question, does it matter if I have other manual entries open in different pairs?
None the wiser!
  • #5,108
  • Jan 28, 2015 3:40am Jan 28, 2015 3:40am
Quoting FxClown
{quote} Good Morning Islander, I hope all is well. Just a quick update. Having fiddled with the EA settings, I got it started but for GBPUSD. This morning, I am trying to get Ger30 going but as yet have had no signal on 1M. I am not sure if the settings are correct? Is SL 100.0 and TP 400.0 correct or should it be 10.0/40.0 or 1000.0 4000.0? I am also thinking it should be a down day, so I have it set to S only. Yesterday's action on GBPUSD was a bit wild with several opens and closes without me spotting them until I saw the account balance going...

Hi - if you have it working on GBP, then it should also work on GER30. However, I have seen that for some reason it does not work on F X C M, so you may need to ask their tech guys - please keep me posted if you do. Also remember that in range bound markets it will get chopped, so working out when to turn it off is ESSENTIAL!!

Manual trades in other pairs should not cause any problem with the EA
Trading Levels with WRBs
  • #5,109
  • Jan 28, 2015 4:09am Jan 28, 2015 4:09am
A lucky overnighter and then early chop - probably better to turn thr EA off during FH

Then stay in Sell Mode whilst the down trend holds and reverse once its broken. As I type that uptrend has been broken, so I'm short at 10,643 in the 11:03 bar....SL now +5....

Edit: SL now +20, TP +40
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #5,110
  • Edited 4:03am Jan 29, 2015 3:42am | Edited 4:03am
GM - EA was active pre XO and took nice points and after the LHs it sold. Now the market is in a range, so I've gone into standby mode and shortly I'll be finished for the morning...

Edit: I turned it back on after the 2nd HL and it bought in the 8:40 bar....now +45 SL +35 TP +50 .....BFN

Edit: out at TP +50 and now I am finished for this morning
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #5,111
  • Jan 30, 2015 3:46am Jan 30, 2015 3:46am
Another good morning....
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Trading Levels with WRBs
  • #5,112
  • Jan 30, 2015 3:57am Jan 30, 2015 3:57am
GM - agreed !

btw the short at 754 - I didnt take as at that point no LH and counter LWMA slope(s) - until 759....... ur thoughts much appreciated !

thx
  • #5,113
  • Jan 30, 2015 8:10am Jan 30, 2015 8:10am
Quoting cove
GM - agreed ! btw the short at 754 - I didnt take as at that point no LH and counter LWMA slope(s) - until 759....... ur thoughts much appreciated ! thx
I assume you mean the last sell on the posted chart....there had been 2 LHs .....just like the one just now in the 13:47 gmt bar.....another sell, out for +35......now long in the 14:02 bar, SL now at +1.....

Edit: SL now +10

Edit: SL to +15

Edit: out on stop +15
Trading Levels with WRBs
  • #5,114
  • Jan 30, 2015 11:10am Jan 30, 2015 11:10am
Quoting Islander
{quote} I assume you mean the last sell on the posted chart....there had been 2 LHs .....just like the one just now in the 13:47 gmt bar.....another sell, out for +35......now long in the 14:02 bar, SL now at +1..... Edit: SL now +10 Edit: SL to +15 Edit: out on stop +15
sorry, I was meaning - 7:54 am (cet) .....

thx
  • #5,115
  • Feb 3, 2015 1:52am Feb 3, 2015 1:52am
EA sold at 10871 (MR1) after test of overnight high - a new ATH.

SL now +15 TP +30 for pre XO trade
Trading Levels with WRBs
  • #5,116
  • Feb 3, 2015 1:55am Feb 3, 2015 1:55am
Quoting Islander
EA sold at 10871 (MR1) after test of overnight high - a new ATH. SL now +15 TP +30 for pre XO trade

Out +15 on stop.

Bought at 10,857, SL now +1 TP +30

Edit: SL to +5

Edit: out +5 on stop
Trading Levels with WRBs
  • #5,117
  • Feb 3, 2015 2:08am Feb 3, 2015 2:08am
EA long at 10871 SL now +10 TP +40

Edit: SL to +25

Edit: out +40 at TP
Trading Levels with WRBs
  • #5,118
  • Feb 3, 2015 2:09am Feb 3, 2015 2:09am
thx for your posts WITH explanations - so informative and helpful
  • #5,119
  • Feb 3, 2015 2:11am Feb 3, 2015 2:11am
Quoting cove
thx for your posts WITH explanations - so informative and helpful

You're welcome
Trading Levels with WRBs
  • #5,120
  • Feb 3, 2015 2:26am Feb 3, 2015 2:26am
Dax is making new ATHs, so we only have fib expansions and the pivots for guidance...plus a 15m Mag Line projection ~10, 950
Attached Image (click to enlarge)
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Trading Levels with WRBs
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