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Trading Made Simple

  • #57,161
  • May 20, 2015 3:52am May 20, 2015 3:52am
Quoting shay14
just out of interest, how many pips do you guys expect per trade? i say about 20 pips
Really depends on the pair. If I see a setup and my S/L is going to be say 30 pips I won't enter unless I can see at least a possible 30 pip gain (1:1). Last time I checked my stats on EA, EU and GU I was averaging about 45 pips but MM is more important to me.
cheers
Never argue with a fool; onlookers may not be able to tell the difference.
  • #57,162
  • May 20, 2015 5:04am May 20, 2015 5:04am
GBPAUD and GBPNZD H4 looking good ....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,163
  • May 20, 2015 5:07am May 20, 2015 5:07am
Quoting Phx62
{quote} Yes. Entry was made with 3 standard lots. CaveManager NoLossAfterPips is set to 26. CaveManager TP_1st_Batch_Lots_Percent is set to 33.33, as is TP_2nd_Batch_Lots_Percent. TP_3rd_Batch_Lots_Percent is set to 33.34. CaveManger TP_1st_Batch_Pips is set to 35, TP_2nd_Batch_Pips is set to 65 and TP_3rd_Batch_Pips is set to 100. CaveManager Take_Profit is set to 100 pips. CaveManager Stop_Loss is set to 50 pips initially (emergency stop only). CaveManager Trailing_Stop is set to 50. A nice set and forget trade after price reaches 26 pips. Both...
hi Phx62. where can i find this ea named Cave Manager?????
if is possible, i'd like to test it in demo. ok?
let me know.........

regard
  • #57,164
  • May 20, 2015 5:21am May 20, 2015 5:21am
Quoting shay14
just out of interest, how many pips do you guys expect per trade? i say about 20 pips
That depends on what you are trading.
If you are scalping on M15, 15 to 20 pips is easy for the majors.
If you are trading intraday on H1, you need to know the currency pair daily range.
If you are a 4H swing trader, you look at the average weekly range.
If you are a position trader, you look longer term like the monthly range.
Different currency pairs have different trading range in different time period.

For example in the 4H swing trading, when I risk 100pips, I want to see potential 300pips price swing on the average weekly range.
This way, i can multiply my profits with multiple entries as the trades progress and with profit protected, I can re-invest some profits and add-on more positions.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD week 21 H4 trades.png Size: 43 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,165
  • May 20, 2015 5:23am May 20, 2015 5:23am
Quoting Eod
{quote} hi Phx62. where can i find this ea named Cave Manager????? if is possible, i'd like to test it in demo. ok? let me know......... regard

Download the trade manager EA and pdf from original post by Caveman: Post# 18,455

and also spend some time and read all the posts by Caveman in that thread link above.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,166
  • May 20, 2015 5:24am May 20, 2015 5:24am
Quoting emmanuel7788
{quote} Download the trade manager EA and pdf from original post by Caveman: Post# 18,455 and also spend some time and read all the posts by Caveman in that thread link above.
you are a splendid person..... thank yuo..
  • #57,167
  • May 20, 2015 6:44am May 20, 2015 6:44am
Quoting TheScorpS
{quote} Nice chart, trade OS as always clean and sleek, I find that my chart using LO breakout box is messy on HFT daily and weekly I think I need to start a new chart and then adds indicator one at a times

Try this version. It will only show on H1 and below.
Attached File(s)
File Type: ex4 BreakOut_BOX_4_London_indicator v0.ex4   17 KB | 982 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,168
  • May 20, 2015 6:53am May 20, 2015 6:53am
no h1 trade today for me on london session how about you guys?
  • #57,169
  • May 20, 2015 6:59am May 20, 2015 6:59am
Quoting vayzardos
no h1 trade today for me on london session how about you guys?
FOMC in about 6 hours...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,170
  • May 20, 2015 7:35am May 20, 2015 7:35am
Quoting Phx62
Had to break out Big E's gold plated wheelbarrow to carry all the pips today!{image}
Congrats Phx62! Excellent trades!
Winners Never Quit, Quitters Never Win
  • #57,171
  • May 20, 2015 7:45am May 20, 2015 7:45am
I guess FOMC explains the choppiness today. Could only scalp in M15
  • #57,172
  • May 20, 2015 8:10am May 20, 2015 8:10am
Quoting vayzardos
no h1 trade today for me on london session how about you guys?
nothing here either ^^
  • #57,173
  • May 20, 2015 10:23am May 20, 2015 10:23am
dead day today for tms signals

anyone got entries?
  • #57,174
  • May 20, 2015 11:04am May 20, 2015 11:04am
GA H4 +50
Been stalking this since yesterday. Waited for price to break local S/R unfortunately the Daily Support held.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 30 KB

Missed out on the GJ move
See what FOMC brings
Never argue with a fool; onlookers may not be able to tell the difference.
  • #57,175
  • May 20, 2015 11:06am May 20, 2015 11:06am
Quoting Lookleft
{quote} Hi TS, I use Sessions(auto)v1.6 and change the MaxTF drop down in the inputs tab to 1 Hour which seems to work. The visualization didn't seem to work for me. cheers
Thanks , can u upload the indi or is it there in the paper clip of the thread?

Quoting emmanuel7788
{quote} Try this version. It will only show on H1 and below. {file}
Thanks Emmanuel , might be this one that solve the problem , lets see
I Have Learned to Take Some Losses to Make Profits
  • #57,176
  • May 20, 2015 11:09am May 20, 2015 11:09am
Quoting TheScorpS
{quote} Thanks , can u upload the indi or is it there in the paper clip of the thread? {quote} Thanks Emmanuel , might be this one that solve the problem , lets see
Here you go. I just set the sessions I don't want to no color and change the MaxTF.
Attached File(s)
File Type: mq4 Sessions(auto) v1.6.mq4   9 KB | 498 downloads
Never argue with a fool; onlookers may not be able to tell the difference.
  • #57,177
  • May 20, 2015 12:32pm May 20, 2015 12:32pm
Quoting emmanuel7788
{quote} FOMC in about 6 hours...
Emmanuel, I've been using your three order script, and I've been wondering if it only works with forex. I've tried to use it with gold and the S&P, and it does not open the positions.

Thanks
Had to be me. Someone else might have gotten it wrong.
  • #57,178
  • May 20, 2015 12:37pm May 20, 2015 12:37pm
I'd a chance to take GJ H1 buy trade today during Asian session and below is the explanation on what went into the analysis and how did the trade pan out.

My apologies for posting the Guppy template as this was the original template I used for my H1 trend analysis.

GJ H1 Trade Analysis

Attached Image (click to enlarge)
Click to Enlarge Name: GJ buy on H1 Guppy and candlesticks 200515.png Size: 322 KB


GJ H1 Trade Results

Attached Image (click to enlarge)
Click to Enlarge Name: GJ H1 Buy 200515 explained.png Size: 246 KB


Kindest Regards
  • #57,179
  • May 20, 2015 12:38pm May 20, 2015 12:38pm
hello traders
im trying to install the monitor that monitors multi pairs wonder if anybody who uses it could help me get it going thank you



http://www.forexfactory.com/showthre...41#post8274241
  • #57,180
  • May 20, 2015 3:45pm May 20, 2015 3:45pm
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Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 24 KB
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