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00 Level Trading: EsikeM30Bomb

  • #641
  • Aug 3, 2015 12:39pm Aug 3, 2015 12:39pm
Quoting SmoothTrader
{quote} Here are the current settings for the SleepTight EA that I am using: {image} GREEN pips to none and all.
Thanks
  • #642
  • Aug 3, 2015 12:49pm Aug 3, 2015 12:49pm
Quoting SmoothTrader
{quote} Here are the current settings for the SleepTight EA that I am using: {image} GREEN pips to one and all.
Your take profit is 200????? On my system that tP would be a few days away to be hit.
  • #643
  • Edited 1:29pm Aug 3, 2015 1:01pm | Edited 1:29pm
Quoting gselsidi12
{quote} Your take profit is 200????? On my system that tP would be a few days away to be hit.
That's right. I rely upon the Trailing Stop to lock in the profit. If you notice on my posted trade the profit was 23 pips.

If by chance it continues to run for 200 pips (which might occur a couple times per year), then I will gladly bank it and say "Thank You Very Much" for increasing my equity by anywhere from 20% to 100%, depending on my initial risk (I adjust my risk % based on how strong the signal is and how confident I am in the position).

GREEN pips to everyone.
  • #644
  • Aug 3, 2015 2:18pm Aug 3, 2015 2:18pm
Quoting SmoothTrader
I have been testing the system and I have found that it is a wonderful tool to force DISCIPLINE into one's trading. I have been playing with the EA setting and I am now comfortable with them. Yes they get you out of some profitable trades a bit early, but it also lets some trades run a bit longer for increased profits. Here was an example of my most recent trade in the GBP/JPY. It was entered with a limit order just above the candle close. {image}
Time always comes before price
  • #645
  • Aug 3, 2015 3:26pm Aug 3, 2015 3:26pm
Quoting SmoothTrader
{quote} That's right. I rely upon the Trailing Stop to lock in the profit. If you notice on my posted trade the profit was 23 pips. If by chance it continues to run for 200 pips (which might occur a couple times per year), then I will gladly bank it and say "Thank You Very Much" for increasing my equity by anywhere from 20% to 100%, depending on my initial risk (I adjust my risk % based on how strong the signal is and how confident I am in the position). GREEN pips to everyone.
Hi SmoothTrader:
I have questions on the SleepTight EA
When you set "Use trail" = true
and "Pips Profit To Start Trail" = 12.0

The EA will start trailing when your trade is in 12 pips profit.

1- Does this mean also the EA will trail in 12 pip steps? (lock in profits every 12 pips)
2- Also when we set "Use trail" = true, the other parameters (Break even, Lock-in pips) will be inactive ?

Am I correct?
Thank you!
  • #646
  • Aug 3, 2015 3:58pm Aug 3, 2015 3:58pm
Quoting pax
{quote} Hi SmoothTrader: I have questions on the SleepTight EA When you set "Use trail" = true and "Pips Profit To Start Trail" = 12.0 The EA will start trailing when your trade is in 12 pips profit. 1- Does this mean also the EA will trail in 12 pip steps? (lock in profits every 12 pips) 2- Also when we set "Use trail" = true, the other parameters (Break even, Lock-in pips) will be inactive ? Am I correct? Thank you!

No, put it in demo account and see how it works.

Yomi
Time always comes before price
  • #647
  • Aug 3, 2015 4:06pm Aug 3, 2015 4:06pm
Dont know why but some indicators and scripts do not work on my platform. My MT4 is up to date version.
For example Sleep Tight (is not working like many others) and is marked with grey square.
Attached Image (click to enlarge)
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  • #648
  • Aug 3, 2015 4:13pm Aug 3, 2015 4:13pm
Quoting pax
{quote} Hi SmoothTrader: I have questions on the SleepTight EA When you set "Use trail" = true and "Pips Profit To Start Trail" = 12.0 The EA will start trailing when your trade is in 12 pips profit. 1- Does this mean also the EA will trail in 12 pip steps? (lock in profits every 12 pips) 2- Also when we set "Use trail" = true, the other parameters (Break even, Lock-in pips) will be inactive ? Am I correct? Thank you!
For point #1, it starts to trail the Trailing Stop once 12 pips is reached and it locks in profits pip for pip as the price moves in your favor. It is NOT the "step" there is NO "step" feature in the EA.

As to point #2, you are correct, it inactivates those features.

In fact today I had a total of 12 trades (not all of them were proper set-ups and I began at Tokyo Open). Of those trades 1 went to the 20 pip stop loss, 1 was closed manually for a 5 pip profit, 1 went for a 24.6 pip trailing stop profit, and 9 went to trailing stop profits of between 2 and 5 pips. My total pips for the day were 76 since many of the small profits and the loss were at a reduced risk level and the one big winner was at a higher risk level because of its setup.

I am willing to take the smaller profits because I know that there will be times when the trailing stop will allow the profits to run to 50 pips or more.

I hope this answers your question.

May GREEN pips continue to fill both your account and your life.
  • #649
  • Aug 3, 2015 4:23pm Aug 3, 2015 4:23pm
Quoting SmoothTrader
{quote} For point #1, it starts to trail the Trailing Stop once 12 pips is reached and it locks in profits pip for pip as the price moves in your favor. It is NOT the "step" there is NO "step" feature in the EA. As to point #2, you are correct, it inactivates those features. In fact today I had a total of 12 trades (not all of them were proper set-ups and I began at Tokyo Open). Of those trades 1 went to the 20 pip stop loss, 1 was closed manually for a 5 pip profit, 1 went for a 24.6 pip trailing stop profit, and 9 went to trailing stop profits...
Thanks SmoothTrader for the clarification.
The EA clearly works great on those trailings.
Thanks fxrabbi... i'll try it with demo.
  • #650
  • Aug 3, 2015 4:29pm Aug 3, 2015 4:29pm
Quoting iwan73
Dont know why but some indicators and scripts do not work on my platform. My MT4 is up to date version. For example Sleep Tight (is not working like many others) and is marked with grey square. {image}
I only know about the SleepTight EA.

SleepTight is NOT a "Scrypty:." It is an Expert Adviser and goes in your "Strategie" folder.

GREEN pips to you.
  • #651
  • Aug 3, 2015 5:31pm Aug 3, 2015 5:31pm
smoothtrader can i ask if you are trading the sleeptight EA full or semi -auto? thanks
  • #652
  • Aug 4, 2015 1:55am Aug 4, 2015 1:55am
Quoting blamshakk
smoothtrader can i ask if you are trading the sleeptight EA full or semi -auto? thanks
The SleepTight EA is a TP/SL/TS manager that becomes active once you have entered a trade Manually. It does not enter any trades for you so in that respect it is at best semi-automatic.

Hope that answers your question.

GREEN pips to you my friend.
  • #653
  • Aug 4, 2015 5:05am Aug 4, 2015 5:05am
EURUSD +9.2 pips
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  • #654
  • Aug 4, 2015 5:19am Aug 4, 2015 5:19am
Quoting Biggboss
EURUSD +9.2 pips {image}
Time always comes before price
  • #655
  • Aug 4, 2015 6:39am Aug 4, 2015 6:39am
Nothing interesting on forex charts. By chance i looked at Gch chart and took long trade. Unfortunally Wukar EA was set to "active" so trade closed on 5 pips TP as in original Udine method.
White horizontal line is Daily open level. What a pitty that "Price to Open" indi hasnt option to change Open Hour.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_6.png Size: 68 KB
  • #656
  • Aug 4, 2015 8:10am Aug 4, 2015 8:10am
Hi.

One of my fren request me to post the script here.
Attached File(s)
File Type: ex4 sleeptight.ex4   10 KB | 572 downloads
Trade With PDF & Wisdom
  • #657
  • Aug 4, 2015 9:16am Aug 4, 2015 9:16am
GBPJPY -20,-20 PIPS
Attached Image (click to enlarge)
Click to Enlarge Name: 04.png Size: 18 KB
  • #658
  • Aug 4, 2015 9:24am Aug 4, 2015 9:24am
Quoting Biggboss
GBPJPY -20,-20 PIPS {image}
Also took GJ L from 65 level. SL hit.
  • #659
  • Aug 4, 2015 9:26am Aug 4, 2015 9:26am
Quoting Biggboss
GBPJPY -20,-20 PIPS {image}

3 most important consideration for our trades:

These 3 underlisted most always be in our setup before we must decided to take the trade(s).

1. M30 level 1.
2. 5ema - price MA Breakout.
3. Our talking Stochs.


NB: Although, we will have fewer trades, but I think is beter. getting 1 or 2 trades per day is ok.



Yomi.
Time always comes before price
  • #660
  • Aug 4, 2015 9:28am Aug 4, 2015 9:28am
Our Stochs is talking...........GBPUSD>>>>GBPJPY..............
Time always comes before price
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