info@metacharttools,com
- #183
- Mar 16, 2015 9:41pm Mar 16, 2015 9:41pm
- | Commercial User | Joined Nov 2013 | 4,947 Posts
hi to all within.....hi coolbudz ...re your post 83......re could not enter sell limit if price above etc etc ...it is very easy to enter a sell limit etc on bt ea 26/27 etc.....you just set a BO/PO at your required price and then within ea properties reverse all trades.... so in your case for the current asia trade if you wanted to enter again at say red trendline retest then just set a BO/PO and reverse symbol no 1-10 within ea properties...you do not need to type in symbols just a ticked reverse will suffice.......sorry if you already knew that...
info@metacharttools,com
- #185
- Mar 17, 2015 1:26am Mar 17, 2015 1:26am
- | Commercial User | Joined Nov 2013 | 4,947 Posts
info@metacharttools,com
- #187
- Mar 17, 2015 3:48am Mar 17, 2015 3:48am
- | Commercial User | Joined Nov 2013 | 4,947 Posts
info@metacharttools,com
- #190
- Mar 17, 2015 12:49pm Mar 17, 2015 12:49pm
- | Commercial User | Joined Nov 2013 | 4,947 Posts
info@metacharttools,com
{quote} I use the fantastic ea automated by HotPotato to build baskets midweek at the asian open, I use all the buy or sell pairs listed by the ea. I am usually not a counter trend trader so I prefer to only go long in a buy basket and only short in a sell basket, we've had a lot of strong down trending currencies lately so I've been only short trading sell baskets The best places to enter our trades with the trend are the 50% fibs, however, by the time we make our basket price has usually moved away from that area and may be lingering around the...
Thanks for the heads up on the fib entries you do.
I've also done a few trades using HP's awsome kopra ea... it's becoming a really serious tool for feeding Seller's BT ea.
I haven't downloaded the last version yet and so don't know if everythings working... I try to give feedback, but Hotpotato is putting out new versions quicker than I can test them...
(Which is a good thing, mind you...)The guy is great and we're lucky he is around to help.
Thanks HP
- #196
- Mar 17, 2015 4:39pm Mar 17, 2015 4:39pm
- | Commercial User | Joined Nov 2013 | 4,947 Posts
info@metacharttools,com
Coolbudz Does this look ok to you too ? {image}
Hey HP...Coolbudz is spot on with these fibs levels as I'm a fib lover too. However, I just use the FE 61.8 as my first target and FE 100.0 as my closeall. If you just obsevre where price likes to land using the fibs you will find you own personal levels to use. I understand you are trying to make the EA find them but sometimes you need to manaully control the trades exit points. Just my $.02
PS good stuff Coolbudz
K.I.S.S.
- #198
- Edited 10:43pm Mar 17, 2015 10:24pm | Edited 10:43pm
- | Joined Nov 2014 | Status: Trader | 83 Posts
Today's Tues-Wed Trade
Not the best entry, but not too bad either, usually I wait for the trend line break for the entry or get a perfect entry exactly at the
50% fib, stoploss above 23.6% and take profit at 127.2%, just targeting a small high probability part of the trend,
just because bearish price action seems to be tiring out
lets see how this one goes
Not the best entry, but not too bad either, usually I wait for the trend line break for the entry or get a perfect entry exactly at the
50% fib, stoploss above 23.6% and take profit at 127.2%, just targeting a small high probability part of the trend,
just because bearish price action seems to be tiring out
lets see how this one goes
{quote} Hi Coolbudz, Thanks for the heads up on the fib entries you do. I've also done a few trades using HP's awsome kopra ea... it's becoming a really serious tool for feeding Seller's BT ea. I haven't downloaded the last version yet and so don't know if everythings working... I try to give feedback, but Hotpotato is putting out new versions quicker than I can test them...
even 8:1 reward risk trades. That can be increased even more when you start pyramiding and I call it intelligent scaling in trades using fibs, the hard part is being awake to do it
But thats something that shouldn't be too hard to automate with the tools HotPotato has already produced
The guy is on fire...he didn't choose the name HotPotato for no reason
definitely a crucial member here,I'm sure I can speak for all of us and say we are all very thankful, we wouldn't be where we are without him
Coolbudz Does this look ok to you too ? {image}
correctly, your long entry would have been the 50% retracement of that price action, and keeping in mind your counter trading you should have
exited at the 100% fib.
However, that is counter trading, trading long opportunities in a bearish trend, some people like it, but I rarely ever do it.
If you were looking to go short, then your fib is in the wrong place and pointing the wrong direction, remember, your fib extensions are your future targets for
price, so if your looking to go short, than your extension targets should be lower than current price action.
Take a look at some of my previous posts, yesterday I mixed the two of them because we had a trend reversal, but you don't have the dominant fib overlayed on the large bearish impulse which should be the one you use to determine entries and stops marked on your chart.
I know this may sound confusing and may only make sense to me but trust me, it gets better the more you draw fibs and watch how price
reacts to them.
I also apologize in advance if my explanations aren't as clear as they should be, its hard to explain the use of something as artistic and perception based
as fibs over the internet
