London close trading system for currencies | Page 16 | Forex Factory

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London close trading system for currencies

  • #301
  • Jul 15, 2016 3:08pm Jul 15, 2016 3:08pm
ghostbiker, thanks again for your support and patience. I have a question for you: if the price is in the trading zone but too close to 23.6/76.4 levels (less than 10pips), you said we skip the market entry. Do we still place the limit order or we skip that as well? Thanks!
  • #302
  • Jul 15, 2016 3:28pm Jul 15, 2016 3:28pm
@Evghen: is the pricing to close or on the 23.6 / 76.4 line forget this pair - I do not trade this pair -

- is the pricing for the first limitorder close on the 0 or 100 line then I make the second limitorder too
with the SL from the rules Page 1 Post # 1

- next day 16:00 GMT next chance
  • #303
  • Jul 16, 2016 3:57am Jul 16, 2016 3:57am
Here is a Fibo Zones indicator "smLondonCloseFiboZones_v2" to visualy check back the trading rules.

I'm sure that for live charts are to correct some bugs, and I do this on monday, but until then you can test their strategies...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15-Fibo.png Size: 63 KB
Attached File(s)
File Type: mq4 smLondonCloseFiboZones_v2.mq4   14 KB | 712 downloads
  • #304
  • Jul 16, 2016 4:59am Jul 16, 2016 4:59am
@ghostbiker

I am confused about the Stop Losses!
Please check these posts and find the differences:

Post 1: http://www.forexfactory.com/showthread.php?t=598223

Post 277 : http://www.forexfactory.com/showthre...06#post9032106

Post 287: http://www.forexfactory.com/showthre...26#post9032326

So which one is the correct one?
  • #305
  • Jul 16, 2016 5:17am Jul 16, 2016 5:17am
Quoting ghostbiker
@Retlaw: with your EA I trade today only EU with + 17 Pips MarketOrder, I find this is good !! @Dkmillion: here the results from the London close EA today, not bad too (all my EA's I trade with are good) I trade not only with EA, my golden fingers must work and my brain (I trade every day 3 systems manually -Renko boxes system and candle with strength system- and let run EA's) and I will helping other traders for winners {image} here a account with the London close EA for evening and a other EA for the day {image}
Thanks for your help.
Could you upload documents about two systems: Renko boxes system and candle with strength system?
  • #306
  • Jul 16, 2016 6:55am Jul 16, 2016 6:55am
Quoting Retlaw
@ghostbiker I am confused about the Stop Losses! Please check these posts and find the differences: Post 1: http://www.forexfactory.com/showthread.php?t=598223 Post 277 : http://www.forexfactory.com/showthre...06#post9032106 Post 287: http://www.forexfactory.com/showthre...26#post9032326 So which one is the correct one?
I guess you can use any SL or TP as long as the daily result is profitable...

And of course, don't trade pairs which trigger SL...
  • #307
  • Jul 16, 2016 7:07am Jul 16, 2016 7:07am
Quoting MasterGuru
{quote} I guess you can use any SL or TP as long as the daily result is profitable... And of course, don't trade pairs which trigger SL...
I know, but I'm developing the EA so need to know
  • #308
  • Jul 16, 2016 7:14am Jul 16, 2016 7:14am
Quoting ghostbiker
{image}
Hi ghostbiker,

would you mind sharing your Currency strenght indicator (those with the two lines in the chart)?
Thank you in advance
(.)(.) think first ...
  • #309
  • Jul 16, 2016 7:49am Jul 16, 2016 7:49am
Quoting SwingMan
Here is a Fibo Zones indicator "smLondonCloseFiboZones_v2" to visualy check back the trading rules. I'm sure that for live charts are to correct some bugs, and I do this on monday, but until then you can test their strategies... {image} {file}
++++++++++++++++++++++++++++++++

Great tool. Thanks SwingMan!
  • #310
  • Jul 16, 2016 7:53am Jul 16, 2016 7:53am
Quoting maximumguita
{quote} Hi ghostbiker, would you mind sharing your Currency strenght indicator (those with the two lines in the chart)? Thank you in advance
++++++++++++++++++++++++++++++++

This one works as a subgraph. However it does slow down MT4, at least on my comp:
Attached File(s)
File Type: ex4 ! $ MT4 CURRENCY POWERLINE.ex4   12 KB | 414 downloads
File Type: mq4 ! $ MT4 CURRENCY POWERLINE.mq4   10 KB | 503 downloads
  • #311
  • Jul 16, 2016 8:05am Jul 16, 2016 8:05am
Quoting diamonddbw
{quote} ++++++++++++++++++++++++++++++++ This one works as a subgraph. However it does slow down MT4, at least on my comp: {file} {file}
great, thank you. I will try
(.)(.) think first ...
  • #312
  • Jul 16, 2016 8:15am Jul 16, 2016 8:15am
Quoting diamonddbw
{quote} ++++++++++++++++++++++++++++++++ This one works as a subgraph. However it does slow down MT4, at least on my comp: {file} {file}
sorry to say but these are not the one that ghostbiker have on his chart because your currency strenght is shown in the sub window, or did i something wrong?
(.)(.) think first ...
  • #313
  • Jul 16, 2016 8:33am Jul 16, 2016 8:33am
last day use Retlaw's EA v1.3,That's results...
at last i need to go to bed and close all orders together.

why my tp is much bigger than ghostbiker....look at gbpjpy....has more than 100pips sl and tp.......
Attached Image (click to enlarge)
Click to Enlarge Name: 0.jpg Size: 174 KB
  • #314
  • Jul 16, 2016 9:16am Jul 16, 2016 9:16am
@goodexp: I have trade manually and change (reduce) the TP (or change the SL) after 1.5 - 2.0 hours for close the orders because Friday
is the SL set in the EA like Post # 277 GJ go not in the SL and after in win (Retlaw will correct it)

Retlaw: it is a difference if you trade manually or with EA. Manually I can change all every time, with EA not. The EA work
allone, manually I have my eyes on my screen

now: the # Post 277 is correct for a ExpertAdvisor (Post # 1 was original for manually trading this London close System)
give in the EA the possibility to the traders to set the SL exactly self too for the orders

@SwingMan: thank you nice Fibo Indicator
  • #315
  • Jul 16, 2016 10:09am Jul 16, 2016 10:09am
Hi ghostbiker, as you can see in the pic below if someone had put market order exactly at 19:00 o'clock for GBPJPY , it should has hit the sl .
do you agree? and what you suggest to overcome that?

thanks in advance and green pips to you
Attached Image (click to enlarge)
Click to Enlarge Name: pic1.JPG Size: 297 KB
  • #316
  • Jul 16, 2016 11:16am Jul 16, 2016 11:16am
@kasrafx: I can't make all 31 orders on the 19:00 (16:00 GMT) I start with AJ and go down and make the orders onyl buy / sell
after done all orders, then I make the Limitorders 1 with TP (all time is for 31 Orders round 12 - 15 Minutes)

- I have made all 31 Orders manually not with EA

-first I make ALL the orders, after I set in TP and SL, all manually-

is this done then I make by the marketorders the TP and SL all manually

Example: is on this time (16:15 GMT) the pricing more down then is automatic the SL more down too
  • #317
  • Jul 16, 2016 11:46am Jul 16, 2016 11:46am
#post 1, look at rule 5 and rule 7 (for EA):

- 23 / 123 fib: Close market order (rule 5), open 2nd limit order (rule 7) - at the same price??

seems pointless, just have bigger stoploss for market order?
  • #318
  • Jul 16, 2016 12:00pm Jul 16, 2016 12:00pm
dear swingman,
when i attach into crudeoil chart mt4 not responding and again i tried to eurusd for that also it says not responding. out of interest i did this download and attach into charts but not working


Quoting SwingMan
Here is a Fibo Zones indicator "smLondonCloseFiboZones_v2" to visualy check back the trading rules. I'm sure that for live charts are to correct some bugs, and I do this on monday, but until then you can test their strategies... {image} {file}
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 68 KB
Success is a Journey Not a Destination....... kind regards ramzam
  • #319
  • Jul 16, 2016 12:04pm Jul 16, 2016 12:04pm
@arielkorber: you don't understand ?

I can make the GJ order after the orders from AJ - GF 16:05 or 16:07 and the pricing is now wide under the 0 line
naer by the 23.6 line, then I make NOT the 23.0 line for SL 5 or 10 Pips, I'm not grazy I make trading and not a Roulette game

Look on the Chart from friday GJ - the SL is not written in a stone

Is this to difficult to understand?? If yes is this system London close 23.6 not for you to trade !!!

@ramzam: can you trade on saturday/sunday ?

- the Fibo Indicator ist only in function by open market !! NOT if the market is closed
  • #320
  • Jul 17, 2016 12:31am Jul 17, 2016 12:31am
Quote
PM from @diamonddbw
Can this fib be changed? Why I ask is because, it draws the fib at the close of the subject candle, and it needs to be at the open, or close of previous candle.
I suppose you mean that the Fibo calculation must end on bar 18:45 (like in the pic example), and not at 19:00.

To have this you must only change the "timeEnd" row (209) on substracting the current period:
Inserted Code
timeEnd=StringToTime(sCurrentDay+GMT_SecondTime)+timeDifference-Period();

Please confirm this.
Attached Image (click to enlarge)
Click to Enlarge Name: FiboLondonClose.PNG Size: 51 KB
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