News trading discussion - continuation

Quoting grrbear

Disliked

tried straddle trade on demo with m15 chart using pending orders. i use trailing stop ea which i set to trail immediately (not from profit) and set it to whatever the 5atr is which was 13 pips. trade ended at 18.6 pip. maybe the broker will not be so kind if i use this method on live account? {image}

Ignored

Quoting toppo qqq

Disliked

{quote} I don't think so. It depends on broker and account type. For instance, FxPro's fixed spread account requotes often, so I changed to it's floating spread account, then things look OK. They are real accounts. I have accounts with other brokers and have not experienced serious problems. I want no more than 5 to 10 or 15 pips per trade but trade with 1:500 lev. Your TP is ATR5, which isn't very much. In these cases, I don't think we should worry about slippage much, IMHO. Do you use different EAs for straddle entry and trailing? Can you share...

Ignored

Quoting grrbear

Disliked

{quote} was hoping someone would answer the broker question, thanks was one of my first attempts at this, first was crude the other day and i still have to figure out the settings for trailing as that chart is not in pips. would need to multiply by two or three the trailing input maybe(?) here is the ea and settings, i place the orders 2 pips outside of recent high/low and/or recent candles. depending on how the trade goes i will delete the unopened trade, although maybe sometimes there would be reason to leave it if things go back in that direction(?)...

Ignored

Quoting toppo qqq

Disliked

There is another one, which is an extended version of Wheelbarrel Trailing. It incorporates stealth TP and SL. Same author and looks worth the try.

Ignored

Quoting grrbear

Disliked

{quote} many thanks : ) glad you asked about my sl/tp setting because i was wondering if anyone else was trailing from sl or not. i turn profit trailing off so the trailing value becomes sl as well. as soon as the trade is opened the stop loss will move up along with price

Ignored

Quoting PipTraderz

Disliked

{quote} In my trading i will always make sure that my Stop loss settings are not too near the Pivot levels for the day because that could trigger them and i will make losses instead of getting the profits

Ignored

Quoting vvFish

Disliked

At 8:30 am EST the US will release Core Durable Goods Orders. At 10:30 am EST the EIA will release Crude Oil Inventories. Good luck everybody!

Ignored