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SIMPLE EA for a simple method needed!! 2 replies

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As simple as possible: 00 level trading

Trade #2 EC 1h method, end of bar exit ........+11

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Placed my TP a bit above support and weekly pivot

Done for today ...... 5% profit

Asmodai
Quoting Asmodai
{quote} I use a 10 pip SL like the normal strategy, simply dont feel safe without a SL and never open a trade without it. Yelena also had red days but it the long run the profits were great. Right now, i'm using the 1h method and still chose my trades carefully. Use a 10 pip SL and 30 pip TP, no TS. In addition to that i move my TP if a pivot or S/R point is in the way. For exemple, if S1 is at 20 pips, i move the TP to around 18, no need to get too greedy. If price does not reach TP i close at 15m candle close. Asmodai
Just as Vlad, i've setup an EA to monitor Yelena's exit strategy on M15 close. As of now there have been green & red days. But the question is: how long is enough of demo live testing to trust this exit ? For my personal taste no less than six months.
Porta itineris dicitur longissima esse
Quoting bubincka
{quote} Just as Vlad, i've setup an EA to monitor Yelena's exit strategy on M15 close. As of now there have been green & red days. But the question is: how long is enough of demo live testing to trust this exit ? For my personal taste no less than six months.
One thing i usually do when i have time is go back on the charts and see what the results would have been.
I can tell you that if last friday i had taken every single trade on the pairs i watch, during the first 4 hours of London, the results would have been more or less... 130 pip profit for 1h and 80 pip profit for 15m.

Of course this numbers are not exact and you can not take every trade.

Also important is that i still select my entries carefully, i literally spend hours looking at MMs charts.
If you use 15m method, i still use it sometimes, just dont take everything the indicators tell you to take, look deeper.

Off to work now...

Asmodai
Trade #2

USDCAD +5 TP
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Still watching in the background

BTW all PM's have been replied..

cheers

Udine
Sleep less, live fast, as it aint gonna last
Quoting Meta1
{quote} Hi numberman, I see a parity of currency strentgh between EUR and JPY, that's right ?? If yes I don't open an order.
You mean the strength between EUR and JPY are equal?

Numberman
Hello everybody,
I will continue in Yelena's 15 min close test. I hope, that I doing it good.
Yelena,thank you for your modification.

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USDJPY SL -10pips (H1 Method)

Any and all comments welcome.

@Udine, nice to see you pop in . . . be well :-)

Best,
N.

http://s27.postimg.org/hn5k7j7z7/Scr...1_11_37_AM.png
Quoting Nik-Nyc
USDJPY SL -10pips (H1 Method) Any and all comments welcome. @Udine, nice to see you pop in . . . be well :-) Best, N. {image}
Hello Nik-Nyc,
I have same trade, but if you check my picture, you find answers.

1) support
2) round number
3) around DO

Attached Image (click to enlarge)
Click to Enlarge Name: UJ-03-02-2015-1700.png Size: 9 KB
Quoting Nik-Nyc
USDJPY SL -10pips (H1 Method) Any and all comments welcome. @Udine, nice to see you pop in . . . be well :-) Best, N. {image}
Hi Nik, me too put this pending order, but removed it before it was triggered mainly for the DP line. Then recent PA is range-bound ans close to DO line. I was taking it for lack of patience because I only trade GJ, EJ, GU, EJ beyond UJ and the first 4 have all reached their ADR limit.
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Porta itineris dicitur longissima esse
Quoting Nik-Nyc
USDJPY SL -10pips (H1 Method) Any and all comments welcome. @Udine, nice to see you pop in . . . be well :-) Best, N. {image}
U sold into DO(white line) try to avoid shorting or longing into it
Quoting numberman
{quote} You mean the strength between EUR and JPY are equal? Numberman
Not equal but the difference between are for me not big enough. If the difference is not more a value of e. g. 4 than I don't open a trade.

An example in the attachment: The differnece between AUD and CAD are very small but between CAD and JPY or CAD and USD very big, higher value of e.g. 4

good evening ohh sorry I must write: good morning!

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Click to Enlarge Name: dashboard 3.2..jpg Size: 377 KB
Quoting Nik-Nyc
USDJPY SL -10pips (H1 Method) Any and all comments welcome. @Udine, nice to see you pop in . . . be well :-) Best, N. {image}
Hi Nik-Nyc,

The ASH is also still green, I'm not sure if you are using it.
Besides that I think that the settings of the ASH are also not correct.

In the screenshots of r4maaak and bubincka, you see that the ASH is red.

Either way, the trade would have been against you.

Kind regards,

Gizmo96
Quoting ericjschroed
I'm reposting the EAs because I found a bug that could mess up with multiple orders open at the same time. Don't forget you can Save your settings to a .set file and then Load it after updating. Original EA. {file} Same as above with Magic Number option. {file} EA to Buy at Market based on Close price, not Ask, if you think you're getting in too early. Use Pending line. {file} Same as above but Buy or Sell based on Close price, (not Ask). Use Pending line. Also added an ATR trailing stop option; starts even before BE. {file} Same as above but Buy...
i tried WUKAR_WB_Trail_v1_3_2e but the trail revers and comes back, that cant be right?
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
Quoting Meta1
{quote} Not equal but the difference between are for me not big enough. If the difference is not more a value of e. g. 4 than I don't open a trade. An example in the attachment: The differnece between AUD and CAD are very small but between CAD and JPY or CAD and USD very big, higher value of e.g. 4 good evening ohh sorry I must write: good morning! {image}
Hi,

What indicator is that? is it posted here? I didn't see it earlier in the thread but been looking for something similar for a while.
Ladies and Gents, thanks for all your replies and insight. The community around this trading system certainly makes it easier to understand for us noobs, very much appreciated.


@r4maaak, would appreciate some clarifications on your points please.
1)Support: Are you saying there was a support zone around the 117.500?

2) Round Number: Are you saying RN is 117.500? I thought those were only triple 0’s like 118.000 or 117.000

3) Around DO: Do you wait at least 10 pips from DO to place a pending? I am curious.


@bubincka, i too had lack of patience as my other pairs had either reached the ADR or had less then 5 pips to ADR. Patience, patience, patience.


@gigicualex, not sure i completely understand. Are you suggesting my order was too close to DO? My SL was on the other side of DO, so perhaps this is what you are referring too.


Thanks in advance for any clarifications, i assure you they really help and will be logged in my trade book.

I have attached an additional m15 chart below of the same trade with additional room on left & right.

Best,
N.



http://s18.postimg.org/nalmmvbih/Scr...3_05_33_PM.png
Quoting ewokuk
{quote} Hi, What indicator is that? is it posted here? I didn't see it earlier in the thread but been looking for something similar for a while.
I believe that indicator can be found in the following thread . . . http://www.forexfactory.com/showthre...75#post8026575
Quoting gizmo96
{quote} Hi Nik-Nyc, The ASH is also still green, I'm not sure if you are using it. Besides that I think that the settings of the ASH are also not correct. Gizmo96
My ASH was green, indeed . . . i will investigate the settings.
Thanks
N.
Quoting Nik-Nyc
{quote} I believe that indicator can be found in the following thread . . . http://www.forexfactory.com/showthre...75#post8026575
Found it thanks, $79 a month! I'll skip it, only wanted the strength indicator.
Good morning.
UJ +5.0
I'm thinking TP = 10 when market is active these days, but sometimes trades ended up break-even.
So I set TP = 5 this Tokyo session. But this time I could make 10 pips easily if TP=10 setting. still need to adjust...
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