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¥ • Power System

  • #381
  • Nov 16, 2015 9:29am Nov 16, 2015 9:29am
Demo Account (10.000€ - 0.1 lot per trade - M5 - reverse Mode)

I am not a fool to go on live account.

Attached Image (click to enlarge)
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  • #382
  • Nov 16, 2015 9:32am Nov 16, 2015 9:32am
Quoting redfan
{quote} If you are going to practice with this EA. It's no good picking a lot out of thin air. You need to know what's your brokers minimum lot is. There's not a lot of brokers who would allow a 0.01 lot size, As for account size? I started practising with this EA. Last week on my demo accounts which at the time add a balance of 5,186.00. In the first 8 days of practising and trying things out my balance went down to 3290.73. It was on Wednesday the 11th that everything clicked into place. I found that on the one minute chart I could do multiple...
Use a script to close your basket if you want to. Nothing easiere than that.
  • #383
  • Nov 16, 2015 10:01am Nov 16, 2015 10:01am
Quoting SeaTheStars
Demo Account (10.000 - 0.1 lot per trade - M5 - reverse Mode) I am not a fool to go on live account. {image}

settings please?
  • #384
  • Nov 16, 2015 10:03am Nov 16, 2015 10:03am
Quoting bluejack
{quote} settings please?
Standard settings, only turned to reversed mode.
  • #385
  • Nov 16, 2015 10:05am Nov 16, 2015 10:05am
Hi abokwaik

It possible to add max trade per pair per session?
Thanks in advance
  • #386
  • Nov 16, 2015 10:08am Nov 16, 2015 10:08am
Quoting SeaTheStars
{quote} Standard settings, only turned to reversed mode.
Thanks...
  • #387
  • Nov 16, 2015 10:11am Nov 16, 2015 10:11am
Quoting SeaTheStars
{quote} Standard settings, only turned to reversed mode.
hello

on which time frame is the EA attached?
tx
  • #388
  • Nov 16, 2015 10:13am Nov 16, 2015 10:13am
Quoting sbenichou1
{quote} hello on which time frame is the EA attached? tx
Its M5. So only M1 is disabled. However this EA is inconsistent for me. Sometimes it does not open a trade after new candle appeared. Don´t know why.
  • #389
  • Nov 16, 2015 10:21am Nov 16, 2015 10:21am
Quoting SeaTheStars
{quote} Its M5. So only M1 is disabled. However this EA is inconsistent for me. Sometimes it does not open a trade after new candle appeared. Dont know why.
Check Experts Tab for "Off Quotes" errors. The EA tries 5 times to open a trade. I can let it try more, or until the order is opened.
Notice that Max Spread and Slippage are not included yet.

Thanks for testing
No guts, no glory
  • #390
  • Nov 16, 2015 11:11am Nov 16, 2015 11:11am
Hello Abokwaik
What is the reverse mode?
tx
  • #391
  • Nov 16, 2015 11:17am Nov 16, 2015 11:17am
Quoting Adhipfx
live account result : 5M,Reverse Mode,Max 10 trades,TP 100,SL 150(Frankfurt open till now) Brilliant Thanks!....abokwaik {image}
Sorry for question but when you write "5M" is mean that are you using entry for tf5 in experts proprieties (so m1, m15, m30......are "false") ?
Thanks
Regards
  • #392
  • Nov 16, 2015 11:18am Nov 16, 2015 11:18am
Quoting sbenichou1
Hello Abokwaik What is the reverse mode? tx
The oposite of normal mode
Don't change something that work!
  • #393
  • Nov 16, 2015 11:30am Nov 16, 2015 11:30am
Quoting sbenichou1
Hello Abokwaik What is the reverse mode? tx
Chk post 356. In reverse mode, EA will buy weakest currency and sell the strongest.
No guts, no glory
  • #394
  • Nov 16, 2015 11:47am Nov 16, 2015 11:47am
Quoting cescof
{quote} Sorry for question but when you write "5M" is mean that are you using entry for tf5 in experts proprieties (so m1, m15, m30......are "false") ? Thanks Regards
It's default setting,I have just attached EA to 5 minute TF and set TP/SL.
  • #395
  • Nov 16, 2015 12:54pm Nov 16, 2015 12:54pm
Hello Abokwaik , are fws days that i look this EA/indicator and i have an idea that i will test :
I think when the price is in ranging (flat) is good to use the reverse mode , viceversa if the price is in trend could be good the normal mode and for see it i could use the GBP/JPY (to see if the is in tren or not).
I'll test it
Thank you very mutch , hope is always the last to die

EDIT : GBPY or (next time if it could be better) the basket 14core
  • #396
  • Nov 16, 2015 1:08pm Nov 16, 2015 1:08pm
Quoting LvCa
Hello Abokwaik , are fws days that i look this EA/indicator and i have an idea that i will test : I think when the price is in ranging (flat) is good to use the reverse mode , viceversa if the price is in trend could be good the normal mode and ...
Exactly. Normal mode is suitable for trending periods, while Reverse mode is suitable for ranging periods. The GOLDEN QUESTION is how to know if it's trending or ranging?
No guts, no glory
  • #397
  • Nov 16, 2015 1:12pm Nov 16, 2015 1:12pm
One way to get around this could be to enable reverse mode after a number of losses on normal mode and vice versa.
No guts, no glory
  • #398
  • Nov 16, 2015 1:16pm Nov 16, 2015 1:16pm
Another EA idea based on yen power is to trade Correlation Divergence on yen pairs, buy hedging a Buy on weakest yen pair with a Sell on strongest yen pair. More about this later.
No guts, no glory
  • #399
  • Nov 16, 2015 1:21pm Nov 16, 2015 1:21pm
Quoting abokwaik
Another EA idea based on yen power is to trade Correlation Divergence on yen pairs, buy hedging a Buy on weakest yen pair with a Sell on strongest yen pair. More about this later.
I like this idea Khalil!
Trading is the hardest way to make easy money...
  • #400
  • Nov 16, 2015 1:39pm Nov 16, 2015 1:39pm
Quoting abokwaik
{quote} Exactly. Normal mode is suitable for trending periods, while Reverse mode is suitable for ranging periods. The GOLDEN QUESTION is how to know if it's trending or ranging?
yes it is the golden qestion but i think to do simple things : if the price breack the congestion area then i think to use normal mode , and viceversa.
For to try this i need one graph that is good for all value , maybe it colud be GBP/JPY or the basket of 14 pair (http://www.forexfactory.com/showthread.php?t=446654 here is where i found the 14 pair core , very beutiful)
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