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London close trading system for currencies

  • #181
  • Jul 13, 2016 5:59pm Jul 13, 2016 5:59pm
Quoting ghostbiker
@Retlaw: look in Site 1 Post # 1 - I have the rules completed and precised special for EA - Comments for the different orders example: MO / LI_1 / LI_2
Nice, thanks! I will start working on that tomorrow. Any other suggestions welcome!
  • #182
  • Jul 13, 2016 6:06pm Jul 13, 2016 6:06pm
@Retlaw: for EA with true / false

- reduce the TP after X minutes (for change) to BE + X (for change) -for faster close-
  • #183
  • Jul 14, 2016 2:50am Jul 14, 2016 2:50am
hereby the Orders from 13.07.:

Attached Image (click to enlarge)
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not so bad + 335 Pips with London close 23.6 for a newbie
  • #184
  • Jul 14, 2016 2:55am Jul 14, 2016 2:55am
why most orders didn't set stoploss in your picture?
  • #185
  • Jul 14, 2016 2:58am Jul 14, 2016 2:58am
@goodexp: all StopLoss Rules in Page 1 Post # 1
  • #186
  • Jul 14, 2016 3:16am Jul 14, 2016 3:16am
Quoting goodexp
why most orders didn't set stoploss in your picture?
Maybe it is hidden

Rule 5: StopLoss is for the MarketOrders ever 123.6 (sell) or ./. 23.6 (buy)

Rule 6: StopLoss for the LimitOrders in general 50 Pips (for EA is the Rule SL = Line - 31.8 (buy) + 131.8 (sell) Orders)
  • #187
  • Jul 14, 2016 3:24am Jul 14, 2016 3:24am
hey ghostbiker your strategy working good.
yesterday trading results
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 284 KB
  • #188
  • Jul 14, 2016 4:09am Jul 14, 2016 4:09am
hey ghostbiker using pivot point levels in ur strategy more positive results will come.this is my suggestion.
  • #189
  • Edited 5:05am Jul 14, 2016 4:26am | Edited 5:05am
- no this strategie is only with Fibonacci,because all traders trade this strategie work only with fibonacci
and this is a Reverse strategie on 100 / 0 Fibonacci AND London close 16:00 GMT AND 23.6 / 76.4 Fibo line TP

- you can test it with pivot points for 120% winrate or higher

hey L.m had hacking my server and look in, I must change the password hehe
  • #190
  • Jul 14, 2016 4:40am Jul 14, 2016 4:40am
yesterday gbpusd was in the support level exactly on fibo 0 level at 19:00 london closing and then i long gbpusd make positive results. i only suggest before placing order just look that day pivot level. and this not mandatory. just for high win rate. happy green pips
  • #191
  • Jul 14, 2016 4:57am Jul 14, 2016 4:57am
Quoting Dkmillion
{quote} Maybe it is hidden Rule 5: StopLoss is for the MarketOrders ever 123.6 (sell) or ./. 23.6 (buy) Rule 6: StopLoss for the LimitOrders in general 50 Pips (for EA is the Rule SL = Line - 31.8 (buy) + 131.8 (sell) Orders)

​No, they are not hidden. He didn't follow the rules, don't know why, maybe he'll tell us.
  • #192
  • Jul 14, 2016 7:20am Jul 14, 2016 7:20am
Quoting sksjsk
yesterday gbpusd was in the support level exactly on fibo 0 level at 19:00 london closing and then i long gbpusd make positive results. i only suggest before placing order just look that day pivot level. and this not mandatory. just for high win rate. happy green pips
You say look at the pivot level... Can you explain what to look at? I know price tends to go back to pivot level but exactly what do you mean?
  • #193
  • Jul 14, 2016 7:40am Jul 14, 2016 7:40am
Quoting Retlaw
Here's an update already. I Implemented the rule #3 of this post: http://www.forexfactory.com/showthre...29#post9022029 I will wait for some comments and perhaps some improvements before the next update. {file}
++++++++++++++++++++++++++++++++

Very nice work Retlaw.

A few questions, when you have time please:
1. Is it necessary to use a different 'Magic Number' on each chart?
2. In order to adjust EA to fit my broker time (whilst trading), do I use only "LondonCloseHourGMT"?
3. It looks like we have the option of using lot size or account percentage. True?
4. How do I adjust to "Open" Price setting?

Thanks
  • #194
  • Jul 14, 2016 7:45am Jul 14, 2016 7:45am
HI, ghostbiker
what is the logic behind this system.can u please explain.what is the idea behind this system.
  • #195
  • Jul 14, 2016 7:50am Jul 14, 2016 7:50am
Quoting diamonddbw
{quote} ++++++++++++++++++++++++++++++++ Very nice work Retlaw. A few questions, when you have time please: 1. Is it necessary to use a different 'Magic Number' on each chart? 2. In order to adjust EA to fit my broker time (whilst trading), do I use only "LondonCloseHourGMT"? 3. It looks like we have the option of using lot size or account percentage. True? 4. How do I adjust to "Open" Price setting? Thanks
Thanks

1. Yes
2. Yes
3. Yes, set "LotsForMarketOrders" and/or "LotsForLimitOrders" to "0" (zero) to use "PercentForMarketOrders" and/or "PercentForLimitOrders".
4. See attachment
Attached Image
  • #196
  • Jul 14, 2016 7:58am Jul 14, 2016 7:58am
Quoting Retlaw
{quote} Thanks 1. Yes 2. Yes 3. Yes, set "LotsForMarketOrders" and/or "LotsForLimitOrders" to "0" (zero) to use "PercentForMarketOrders" and/or "PercentForLimitOrders". 4. See attachment {image}
++++++++++++++++++++++++++++++++

Quick reply. Thanks.

I'm afraid I don't have a clue, as how to open window you show for question 4.
edit. I did recall how to open editor, however your EA doesn't show up. It does show up on chart with smiley face.
Attached Image (click to enlarge)
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  • #197
  • Jul 14, 2016 8:19am Jul 14, 2016 8:19am
OK, I got it. You're showing settings in tester. Haven't had my coffee yet today...
  • #198
  • Jul 14, 2016 9:03am Jul 14, 2016 9:03am
Quoting diamonddbw
OK, I got it. You're showing settings in tester. Haven't had my coffee yet today...
Have two
See screenshot to open Strategy Tester.
(almost done with the update)
Attached Image
  • #199
  • Jul 14, 2016 9:35am Jul 14, 2016 9:35am
Quoting kbharunt
HI, ghostbiker what is the logic behind this system.can u please explain.what is the idea behind this system.
please read the Page 1 Post # 1 here is all written
  • #200
  • Edited Jun 25, 2018 6:03am Jul 14, 2016 10:35am | Edited Jun 25, 2018 6:03am
Here is the updated EA version 1.2
The break even and change TP asked in post 182 are not yet implemented.

What's new:
- second Limit Order added
- automatic MagicNumber so you don't have to worry about that anymore
(Just check if they are all different, they are on the screen)
- the expiration time for the limit orders is now in minutes

Enjoy!

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