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Trading is as simple as ABCD

  • #9,441
  • Nov 22, 2015 6:36am Nov 22, 2015 6:36am
Quoting MidnightRun
{quote} Jason, Thanks for posting the EA and script. Double-checking: SetUdinesGlobals.ex4 - goes to the Scripts folder UdinesGlobalInstantBUYStop50.ex4 goes to the Indicators folder (or the Scripts folder?) UdinesGlobalInstantSELLStop50.ex4 goes to the Indicators folder (or the Scripts...
The first three go in the scripts folder. Click on setUdinesGlobals to set your % risk which will be based on the SL setting. The sell/buy scripts work best by setting hot keys so you can just hit 'Alt + B' or 'Alt + S' to instantly place your pending order.
Wheelbarrel is the EA to trail entries, but any EA is fine really. You might prefer 'Sleeptight' which can be found here at forex factory, it will take a set percent for profit and let the rest run . . .
There are other scripts available that can close trade with hot keys or enter directly at market price instead of the next 05 level . . . Just try them all on demo until you like your settings.
None of these 4 should be placed in the indicators folder. Hope this helps and the new week is filled with green pips . -Jason
  • #9,442
  • Nov 22, 2015 7:08am Nov 22, 2015 7:08am
Quoting bapakjason
{quote} The first three go in the scripts folder. Click on setUdinesGlobals to set your % risk which will be based on the SL setting. The sell/buy scripts work best by setting hot keys so you can just hit 'Alt + B' or 'Alt + S' to instantly place your pending order. Wheelbarrel is the EA to trail entries, but any EA is fine really. You might prefer 'Sleeptight' which can be found here at forex factory, it will take a set percent for profit and let the rest run . . . There are other scripts available that can close trade with hot keys or enter directly...
Thnaks, Jason.
  • #9,443
  • Nov 23, 2015 1:10am Nov 23, 2015 1:10am
new week, good start. 1 to TP @ 5pips, 1 to trailing stop (TP was at 10pips).

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  • #9,444
  • Nov 23, 2015 2:33am Nov 23, 2015 2:33am
Quoting bapakjason
new week, good start. 1 to TP @ 5pips, 1 to trailing stop (TP was at 10pips). {image}
Hi Jason. Well done!!

Why you enter two trades at the same price level? Are both trades with full lots and each with full risk or is it one position split in two trades?
  • #9,445
  • Nov 23, 2015 5:33am Nov 23, 2015 5:33am
Quoting MarkFX77
{quote} Hi Jason. Well done!! Why you enter two trades at the same price level? Are both trades with full lots and each with full risk or is it one position split in two trades?
I just liked the way the 1hr candle closed going into Frankfort open. Both full size trades, just gave one of them a chance to run towards the DO if it wanted . . .
  • #9,446
  • Nov 23, 2015 6:03am Nov 23, 2015 6:03am
Quoting bapakjason
{quote} I use the scripts posted here on this thread for pending buy/sell stops at the closest 05 level. I go to BE and start trailing at 3pips. I go for 1-1.5% per 5 pips. TP is usually next 05 level. SL usually 10pips but I may stop it before then. Most trades never go over 4 pips in the opposite direction once opened. If price goes 4-5 pips more into the pullback before coming back and hitting/opening my pending order, I usually cancel the trade because those pips were the ones I wanted! OR if price went 5.5pips more into the pullback before...
thanks Jason. one more question: do you trade all day long or just trade around a few market opens?

may many green pips
  • #9,447
  • Edited 7:19am Nov 23, 2015 7:03am | Edited 7:19am
I think the EURUSD is rather difficult to trade today. I started with one winner followed by three losses. Just chops around,
typical chainsaw trading. No system can filter that. Best is just to wait until late US...
  • #9,448
  • Nov 23, 2015 7:27am Nov 23, 2015 7:27am
Quoting MarkFX77
I think the EURUSD is rather difficult to trade today. I started with one winner followed by three losses. Just chops around, typical chainsaw trading. No system can filter that. Best is just to wait until late US...
Haven't been watching too much, busy with other things. Also, haven't taken a trade since the one posted above. Might be the only trade today. This is why Clive uses the TTindi to find pairs that are moving . . .
However, I only have good experience with eurusd for now. If a good set up doesn't come, best to take my profit from frankfort open and wait for tomorrow. Maybe, like you say, more movement in later US session . . .
  • #9,449
  • Edited 8:33am Nov 23, 2015 7:34am | Edited 8:33am
Quoting henryloving
{quote} thanks Jason. one more question: do you trade all day long or just trade around a few market opens? may many green pips
I have a full-time job and 2 children . . . I watch the market when I can. I try to catch the market opens when new money is coming in (like Clive advises). I don't watch the whole session (any of them). I avoid red news (30min before and usually 30min after). How's your Macbook working, did you go with Parallels for adding Windows ?
  • #9,450
  • Nov 23, 2015 11:35am Nov 23, 2015 11:35am
Quoting bapakjason
{quote} I have a full-time job and 2 children . . . I watch the market when I can. I try to catch the market opens when new money is coming in (like Clive advises). I don't watch the whole session (any of them). I avoid red news (30min before and usually 30min after). How's your Macbook working, did you go with Parallels for adding Windows ?
Hi Jason! Forgot to ask you something. I see your LWMA doesn't change
it's color. Why you prefer it that way?
  • #9,451
  • Nov 23, 2015 8:07pm Nov 23, 2015 8:07pm
Quoting MarkFX77
{quote} Hi Jason! Forgot to ask you something. I see your LWMA doesn't change it's color. Why you prefer it that way?
I've got color change showing direction/momentum in my RSI.
  • #9,452
  • Nov 24, 2015 2:02am Nov 24, 2015 2:02am
Can i respectfully say....commrnts are made and questions asked about different things.......i think its fair to say the good thing about this thread is everyone helps each other and shares ideas and indicators
  • #9,453
  • Nov 24, 2015 2:13am Nov 24, 2015 2:13am
some small lots, couple full size. done for the day. pullback during Frankfurt hour, pullback at LO. done for the day.
one loss during Frankfurt too, but the good outweighed the bad . . .

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  • #9,454
  • Nov 24, 2015 2:35am Nov 24, 2015 2:35am
Quoting bapakjason
some small lots, couple full size. done for the day. pullback during Frankfurt hour, pullback at LO. done for the day. one loss during Frankfurt too, but the good outweighed the bad . . . {image}
Wow champ, you had four trades on at the same time? What did you eat for breakfast?? Spinach?? Well done!!!
  • #9,455
  • Nov 24, 2015 2:58am Nov 24, 2015 2:58am
GBP was weak across the board with at one stage 7 of 8 showing weakness. GBPAUD was either top of TT or 2nd.

I missed the initial entry around 2.0991 as I was away from the computer for a second or three and got the next lower high. The first trade would have made my 50 pip target.

Clean AB move, small retrace, nice angle and separation on ma's. After entry had a big retrace, it went again, exited when we had the higher low suggesting move up for now. So +13 and definitely not what we were looking for but I'll accept (don't have a choice do I) that sometimes you don't get what you hoped for. Move up after screenshot would have had me out at BE so all in all counting this as about as good as I could expect.
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  • #9,456
  • Nov 24, 2015 5:41am Nov 24, 2015 5:41am
Quoting bapakjason
{quote} I have a full-time job and 2 children . . . I watch the market when I can. I try to catch the market opens when new money is coming in (like Clive advises). I don't watch the whole session (any of them). I avoid red news (30min before and usually 30min after). How's your Macbook working, did you go with Parallels for adding Windows ?
I am at same situation as you. I am only able to trade NY session.

I use vmware virtual machine to setup Windows on my Mac to trade
  • #9,457
  • Nov 24, 2015 6:21am Nov 24, 2015 6:21am
Quoting MarkFX77
{quote} Wow champ, you had four trades on at the same time? What did you eat for breakfast?? Spinach?? Well done!!!
Those were smaller sized, I had a full sized entry at 1.0640 that was in loss when I placed those. Then closed it all in profit. The trade at 1.0640 would have come into profit but I closed it in loss . . . The entry at LO was a better idea.
  • #9,458
  • Nov 24, 2015 6:23am Nov 24, 2015 6:23am
Quoting Vantage
GBP was weak across the board with at one stage 7 of 8 showing weakness. GBPAUD was either top of TT or 2nd. I missed the initial entry around 2.0991 as I was away from the computer for a second or three and got the next lower high. The first trade would have made my 50 pip target. Clean AB move, small retrace, nice angle and separation on ma's. After entry had a big retrace, it went again, exited when we had the higher low suggesting move up for now. So +13 and definitely not what we were looking for but I'll accept (don't have a choice do I) that...
Very nice!
  • #9,459
  • Nov 24, 2015 6:51am Nov 24, 2015 6:51am
Quoting devontrader
Can i respectfully say....commrnts are made and questions asked about different things.......i think its fair to say the good thing about this thread is everyone helps each other and shares ideas and indicators
DT, thanks for reminding us months ago to check out the higher timeframe and be aware of a complete picture.
I don't take a single trade now without knowing what the previous 1hr candles looked like!
  • #9,460
  • Nov 24, 2015 7:03am Nov 24, 2015 7:03am
As Clive says 20pips a day keeps the Doctor away well managed to keep the Doctor and nurse away today with a +25.6
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