hi mer,
What are the quantum values you use for daily timeframe and also for 4h?
Thanks
What are the quantum values you use for daily timeframe and also for 4h?
Thanks
- #1,283
- Edited 12:56pm Aug 28, 2015 12:44pm | Edited 12:56pm
- Joined Jan 2007 | Status: Trader | 1,626 Posts
- #1,296
- Aug 28, 2015 6:46pm Aug 28, 2015 6:46pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Master your Mind then Master your Trades
- #1,297
- Aug 28, 2015 7:21pm Aug 28, 2015 7:21pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Trades from this morning. After the roller coaster ride the past few days, just a single trade seems nice right now. Trade #1= +30 pips Total pips = +30 pips Cumulative since start of the thread= +14,022 pips (Cumulative total represent $ total/.01 lots) {image}
So you could have made double the money.
All because the next candle on my chart surged slightly higher than what yours did which would have opened up 2 shorts not the one!
Same setting @ 325 does not always guarantee the same results.
There are sure to be situations when it goes the other way too.
Note: I did not personally take those trades.
Masterrmind............
Master your Mind then Master your Trades
- #1,298
- Aug 28, 2015 11:21pm Aug 28, 2015 11:21pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
GBPUSD [M1; 315 - 315/manual]
35 trades still running.............
manual TP set well before market close @ 1.53420;
manual SL set well before market close @ 1.53200;
Due to the need to sleep - the EA was pulled from the chart and TP + SL applied.
Prefer not to allow the EA to control non-monitored trades at this stage.
The market would need to gap down about 78 pips come Monday (Sunday night for other friends) to close out all trades.
If the EA had of been allowed to close out all the trades (or if I had of stayed up very late) at the 1st exit red signal box then the results based on mild, normal and aggressive BASE lot sizing would have been similar to the following:
15 losing trades and
20 winning trades
Allowed all positions to run based on trade progression on the chart at the time and the fact that profits earned during the Asian session far outweigh a worst case scenario if the GU pair gaps down 78 pips.
As I've said before I prefer not to allow trades to run over the weekend but it does depend on the situation and usually how the trading week has been. Maximum loss is protected by a hard SL and I stand to gain quite a lot more if price opens next week north of where it is now.
Sometimes you just need to grab opportunity with both hands and run with it!
Masterrmind............. :nerd:
35 trades still running.............
manual TP set well before market close @ 1.53420;
manual SL set well before market close @ 1.53200;
Due to the need to sleep - the EA was pulled from the chart and TP + SL applied.
Prefer not to allow the EA to control non-monitored trades at this stage.
The market would need to gap down about 78 pips come Monday (Sunday night for other friends) to close out all trades.
If the EA had of been allowed to close out all the trades (or if I had of stayed up very late) at the 1st exit red signal box then the results based on mild, normal and aggressive BASE lot sizing would have been similar to the following:
15 losing trades and
20 winning trades
Allowed all positions to run based on trade progression on the chart at the time and the fact that profits earned during the Asian session far outweigh a worst case scenario if the GU pair gaps down 78 pips.
As I've said before I prefer not to allow trades to run over the weekend but it does depend on the situation and usually how the trading week has been. Maximum loss is protected by a hard SL and I stand to gain quite a lot more if price opens next week north of where it is now.
Sometimes you just need to grab opportunity with both hands and run with it!
Masterrmind............. :nerd:
Master your Mind then Master your Trades