Update: Another +60pips with scalping, but big problem with entry, even I uses scripts to orders, movements were unbelievable fast.
- #3,063
- Aug 25, 2015 12:45am Aug 25, 2015 12:45am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
GM!
morning playing with bot..(demo)
from FO open
morning playing with bot..(demo)
from FO open
nescentia necat
- #3,067
- Aug 25, 2015 1:24am Aug 25, 2015 1:24am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
{quote} GJ, new setup ?
as a moto GP race ... Lorenzo-Rossi-Marquez
and now i'm + 1100 pips in less than four hours
funny really funny!... if it were that easy! we would all be millionaires!
nescentia necat
- #3,068
- Aug 25, 2015 1:47am Aug 25, 2015 1:47am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
out short dax +52 +31 -10
-10 entry too early with no confirmations
-10 entry too early with no confirmations
nescentia necat
EU +13 / Range bar chart
Took just a small scalp since this day is a study day for me. The trade had more potential than the 13 I took, but, from the start this was a scalp.
Analisys: Look at the last clear move down, all dark bricks. Than look at the opposite move all light bricks that covered the down move meaning that price found buyers; from another POW, you can look at the up move as a deep retracement of the down move...either way taking a short is risky. I would have taken a short if there was a good, clear break lower and a retest...however what happened and in agreement with market context was a push under the low limit of the range to the 50 - 62 fib area. After that price returned sharply meaning this was a false break to the low side => buy. As for SR levels, on the lows there is the 20 - 25 band and an obvious SR that was in effect the previous day as well.
Hope you have a good day lads! I'm off to finally read David Penn's book about momentum indicators :nerd:
Took just a small scalp since this day is a study day for me. The trade had more potential than the 13 I took, but, from the start this was a scalp.
Analisys: Look at the last clear move down, all dark bricks. Than look at the opposite move all light bricks that covered the down move meaning that price found buyers; from another POW, you can look at the up move as a deep retracement of the down move...either way taking a short is risky. I would have taken a short if there was a good, clear break lower and a retest...however what happened and in agreement with market context was a push under the low limit of the range to the 50 - 62 fib area. After that price returned sharply meaning this was a false break to the low side => buy. As for SR levels, on the lows there is the 20 - 25 band and an obvious SR that was in effect the previous day as well.
Hope you have a good day lads! I'm off to finally read David Penn's book about momentum indicators :nerd:
- #3,070
- Aug 25, 2015 1:56am Aug 25, 2015 1:56am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
EU +13 / Range bar chart Took just a small scalp since this day is a study day for me. The trade had more potential than the 13 I took, but, from the start this was a scalp. Analisys: Look at the last clear move down, all dark bricks. Than look at the opposite move all light bricks that covered the down move meaning that price found buyers; from another POW, you can look at the up move as a deep retracement of the down move...either way taking a short is risky. I would have taken a short if there was a good, clear break lower and a retest...however...
edit
now it's fine
nescentia necat
{quote} I can not enlarge your image ... edit
out short dax +52 +31 -10 -10 entry too early with no confirmations {image}
{quote} Today I woke up early and I set 3 bot with three different set ups and 3 different size 0.01 0.02 0.03 to recognize who went better. as a moto GP race ... Lorenzo-Rossi-Marquez and now i'm + 1100 pips in less than four hours
Let it run until friday and we will see, that bot trades basicly on SMA14 trend if I am right - I attached that average this morning to my Renko chart for easier scalping, maybe it will be useful, who knows.
- #3,074
- Aug 25, 2015 2:13am Aug 25, 2015 2:13am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
EU +13 / Range bar chart Took just a small scalp since this day is a study day for me. The trade had more potential than the 13 I took, but, from the start this was a scalp. Analisys: Look at the last clear move down, all dark bricks. Than look at the opposite move all light bricks that covered the down move meaning that price found buyers; from another POW, you can look at the up move as a deep retracement of the down move...either way taking a short is risky. I would have taken a short if there was a good, clear break lower and a retest...however...
nice work, clear explanation.
always interesting contributions and good stuff on your part. (also refers to the Jedi mind control tecnique that you posted earlier
)I really appreciate it.
thx mate!
nescentia necat
{quote} Here you are the bot thread: http://www.forexfactory.com/showthread.php?t=532236
... I answer after session on your question. ok ?
- #3,079
- Aug 25, 2015 3:18am Aug 25, 2015 3:18am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Cut your Losers short and let your Winners run.