Dashboard Trading

James, you set to run the power meter 24hours. Did you manually shut it down after London close? Or keep it up and running all day. I found that it paid back what it gained during slow movement of the day.

I think you it would be good for you to still using regular charts analize . If you have 2 monitors place into one of them the same group of currency charts as in the BD. Then with the help of the Basket Dasboard (BD) decide which one looks as the best oportunity. Don't rush to trade 10000 trades in one day. Well, I say this if you don't have experience, If you do forget what I say.

Hi GVC Hotpotato
Possible. This section added to power Meter

I just reread your first post of CRS. Got some questions.

trade: would you enter here when gbp is -14 and usd is +24, or is 24 already to high?

CRS: i forget we spoke about. what is it exactly ?

After I have published my results, I adjust the session endtime in the Dashboard Power Meter to london close and "close all trades after sessions" to true.
This is the end-result from NY open to London close for today:

Hi James;

I see you live in Germany with Central European Time (CET)

Are these the correct parameters?

Thanks

Hi Chaveznqoos,
Auto Sess2 has the correct parameters.

And for Auto Session1 ... What times are you?

I will test tomorrow London open 09:15 till 12:00 for Auto Session 1.

Hi

in Autosession you lose...very fast!!!!

Ok .

Dank

Sorry, I do not understand why?

I agree that timing will be a key component to successfully let this EA autotrade.
My two trade results shows how good it can start and how bad it can suddenly turn.
Why? I think we need to think about it with particular interest to the timing of the sessions.


Virtually the same thing repeated itself today with the trade screenshot below.

Today test was run with the set posted by poksak in #Post 7,485. There were no manual interventions although I knew most of the losers were definitely going to loose, I simply wanted the EA to handle everything and see how far it would go.
Timing is definitely an important component. As JibalaPasan has suggested, it is best we enter the market at the their respective openings when new money is just entering into more especially at the LO and NO.

I've been now going through charts and histories wondering about the same. If you look at any chart, the direction often changes during the day. I'm thinking we should focus on finding some way to detect those situations as early as possible. Then preventing the trades from opening in the first place and move sl much closer if already trades open.

Very good PDF here: http://www.forexfactory.com/showthre...63#post8425163

Get ready for a long story

As so many people say they want to live of forex and trade fulltime..

First of all you must see forex as a start not a finish
Why do I say that...

Forex profits can build your future...
- pay off all your debts
- live of the forex earnings
- invest forex profits into passive income streams..

but the question is... how to start all that ??

suppose you have been demo trading a system (any system for that matter) and you consistently make 1 % a day.. day in day out...

In the meantime you have been saving up some cash to open a live account. Well I can tell you that trading demo or live is a whole different ballgame.

My advice is to start with a small account say max. 1K and trade the smallest lotsize possible, to get used to the mental stuff. and get consistent trading live...

I already mentioned that a 1K account compounding 1 % a day will make you a millionair in three years..

Now you say 1 % is not a lot... Well your bank might pay 2 % a year, so your doing better than your bank...so no complaining

I make 2 % daily, at least most of the days, so the odds can are improving

ok now some math. theory

if you make 2 % a day for 20 trading days, you multiply your account with 1.48.

Say you have 1.000 to start
month 1 1.480
month 2 2.190
month 3 3.241
month 4 4.797
month 5 7.100
month 6 10.509

so after 6 months you have 10K

10 K @ 2 % / day = $ 200 / day * 5 days = 1K / week

you let the account grow to say $ 60K
then you split the account in three equal parts

1 part goes into a seperate account for not feeling the pressure; in case you dont trade profitable you still can pay for food and shelter

2 part is for living expenses: 20K * 2 % (or even 1 %) = $ 400 / day * 5 = $ 2K a week, you should be able to live of
that

3 part for investing in passive income: by taking 50 % of the profits and invest in passive income so in the future you never have to work a day in your life anymore

Live below your means, pay off your debts and you will see you dont need that much to have a decent life ... so what if you aint the next Soros.. whogives a damn....

As long as you can provide all that is needed for your family and you can teach that to your kids... in my book YOU ARE A WINNER !!!


that is my humble opinion..

cheers

Udine

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DANKE UDINE!!!

http://www.forexfactory.com/showthread.php?t=487923

Hi All, I am a real noob to forex trading I am using power meter V3 I was wondering if anyone has tried using the dashboard using the daily candle or following the daily trends of each pair, the only reason I ask is I have noticed in my own trading and in the posts that we all have great starts then take huge hits. I am not sure if this is my lack of expertise talking but surely if we go with the trend or at lease attempt to we may suffer less of a fall out, any help or advise would be great.​

Griff1
Baie Dankie (Thanks).

Great start again! To continue the story:




EURAUD joined a bit later with full support of the News!

Jibala

This can be coded Jibalasan
It works.