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London close trading system for currencies

  • #601
  • Edited 3:16pm Jul 19, 2016 2:34pm | Edited 3:16pm
Quoting Evghen
{quote} I wish it was like that... The first market buy order has the SL at -23.6 level and is -40 pips. And the TP is 23.6 level and is +18 pips. So RR is 2:1... this is according to system rules!
I am sorry.
Yes you are correct.
Thank U.
Rule 4: TakeProfit is ever 23.6 line (buy) or 76.4 Line (sell)

Correcting Now...

Using -23.6 option as SL
So I got TP about 40 pips and SL 50 pips...

Edit:
But I think you have (maybe) a mistake too. Take a look at Ur 0 Line Fib? The line is not at today lows, which incidentally exactly at London Close. Am I correct? (Highlighted in Circles).

- Fibonacci end 16:00 GMT 0 lowest 100 highest - Fibonacci time begin 22:00 GMT - end 16:00 GMT = 72 x M15 Candle
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 44 KB
Click to Enlarge Name: GBP (1).jpg Size: 341 KB
Click to Enlarge Name: GBPUSDM15.png Size: 57 KB
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Meditation All Time Return: 8.9%
  • #602
  • Jul 19, 2016 3:11pm Jul 19, 2016 3:11pm
Edit:
But I think you are had a mistake too. Take a look at Ur 0 Line Fib? The line is not at today lows, which incidentally exactly at London Close. Am I correct?

That candle you've circled is the 5pm candle which closes at 5.15pm (London Time), so it's the candle before that is the end of the seesion.
  • #603
  • Edited 4:02pm Jul 19, 2016 3:25pm | Edited 4:02pm
Still hanging onto GU & GChf longs. GA clipped me for 110 pips (1%). AJ, EJ, EurNzd were all small winners, total of about 0.5%. If I get out now, I'm down 0.8% on the day. Acceptable loss.

GbpChf out -0.3%
Final on GU -0.4%

Down 1.2% on the day. At one point was down 5%. I'm OK with a bad "Once in a While"...
  • #604
  • Edited Jul 20, 2016 1:03am Jul 19, 2016 3:35pm | Edited Jul 20, 2016 1:03am
Today: only automatic trades with EA

AJ 1 x closed + 12 Pips
EJ 1 x closed + 15 Pips
EJ 1 x closed + 15 Pips (closed 20th)

other orders open are in DD (70 Pips = 1%) GA, GU, GF and GJ but this are coming up now

but the LOC 23.6 trading was today a little risky with EA / other days go better

NO the lowest pricing for GU was 1.3074 (by me) and not contact the 31.8 Line now the pricing 1.31087 / 20:58 GMT
LimitOrder GU + GF are in win

waiting for tomorrow morning I'm sure I close with win
  • #605
  • Jul 19, 2016 3:40pm Jul 19, 2016 3:40pm
Quoting Wholesome
Edit: But I think you are had a mistake too. Take a look at Ur 0 Line Fib? The line is not at today lows, which incidentally exactly at London Close. Am I correct? That candle you've circled is the 5pm candle which closes at 5.15pm (London Time), so it's the candle before that is the end of the seesion.
Thank U Wholesome for correcting.
72 Bars M15 Yeah.

Conclusion today:
GBPUSD, the trade would result as a loss both on SL -23.6 or -31.8 for market order.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 56 KB
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Meditation All Time Return: 8.9%
  • #606
  • Jul 19, 2016 3:59pm Jul 19, 2016 3:59pm
Quoting RoelsMajor
{quote} Thank U Wholesome for correcting. 72 Bars M15 Yeah. Conclusion today: GBPUSD, the trade would result as a loss both on SL -23.6 or -31.8 for market order. {image}
No. The trades on GBP/USD are not a Loss yet. Still open. Check my chart, the -23.6 and -31.8 Levels were not hit yet. And it looks like the price is retracing. The hard stops so far we got on GBP/GPY and GBP/AUD
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM152.png Size: 28 KB
  • #607
  • Jul 19, 2016 4:01pm Jul 19, 2016 4:01pm
0,32% gain today ( based on fixed lots, ratios adapted to reflect ghost rules).

AUDUSD TP 10 pips
Using a basket manager to manage the others, only protecting and managing the profits with a trailing stop and BE . ( On Steve Hopwood's forum by milanese ).
I let by priority the SL be managed by the LC ea on each trade based on the Fibo values.

These are the high and lows for the basket:

2016.07.19 09:57:39.014 simpleAllPairBasketManager122 EURUSD,H1: Low Water Mark: -169.75
2016.07.19 09:57:39.014 simpleAllPairBasketManager122 EURUSD,H1: High Water Mark: 51.84

The tricky part will be to understand and tune the BE and various trailings stop settings.

Walter seeks to implement basket management right in the ea but in the meantime, I like to run on full auto mode and this tool helps me.

So if someone has deep knowledge of simpleAllPairBasketManager122, I'm interested to learn more.

Thanks ounce again to ghostbiker and all the team here. Fantastic efforts and collaboration!

I'm a new member here, but by habitude of forums and collaborative work please let me say this:

To all newcomers in the thread , please be so kind to first read all preceeding posts before posting already asked questions.


Stay ready to give before to receive and most of all keep a balanced and polite attitude so that people producing essential things don't get harassed by details.

Thank you !
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 125 KB
  • #608
  • Edited 4:23pm Jul 19, 2016 4:10pm | Edited 4:23pm
Quoting Evghen
{quote} No. The trades on GBP/USD are not a Loss yet. Still open. Check my chart, the -23.6 and -31.8 Levels were not hit yet. And it looks like the price is retracing. The hard stops so far we got on GBP/GPY and GBP/AUD {image}
Yes My bad. I am sorry. My mistake was when placing the 0.0 Level at the Lows before London Close. You are right.
SL would be about 61 pips from your OP and would be about 42 pips (at Level -23.6 from Level 0.0 for this pair today).

Still learn and Thanks a lot guys.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 60 KB
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #609
  • Jul 19, 2016 4:13pm Jul 19, 2016 4:13pm
To those with profit today, Great Trade Management!

There were some great LO entries on GbpChf & GU, that I missed getting in at best price. Looking forward to using EA.
  • #610
  • Jul 19, 2016 4:31pm Jul 19, 2016 4:31pm
I have see with different Brokers are the Fibonacci lines different up to 16 Pips
both Broker GMT 16:00 time

- it is a good MM fixed lot 0.01 lot per 1000 currency
  • #611
  • Jul 19, 2016 5:00pm Jul 19, 2016 5:00pm
Quoting ghostbiker
I have see with different Brokers are the Fibonacci lines different up to 16 Pips both Broker GMT 16:00 time - it is a good MM fixed lot 0.01 lot per 1000 currency
++++++++++++++++++++++++++++++++

OK, thanks. Looking forward to tomorrow's live trading webinar.
  • #612
  • Jul 19, 2016 8:06pm Jul 19, 2016 8:06pm
OK guys, i think the problem is:
- How clock when market London Open and Close ? (which is on this thread are from any country)
- how about ukraine ? how clock market london open and close ?
- italia ?
- Indonesia ?
- sweden ?
- belgium ?
etc.

maybe we should discuss about diferent clock for diferent country
  • #613
  • Jul 19, 2016 8:21pm Jul 19, 2016 8:21pm
Quoting Freezer
OK guys, i think the problem is: - How clock when market London Open and Close ? (which is on this thread are from any country) - how about ukraine ? how clock market london open and close ? - italia ? - Indonesia ? - sweden ? - belgium ? etc. maybe we should discuss about diferent clock for diferent country

Yah good idea, Maybe good for ea to auto detect the currency pair to auto adjust the clock time for each pair. also auto detect the broker timezone
  • #614
  • Jul 19, 2016 8:32pm Jul 19, 2016 8:32pm
thank for sharing G.B. to help anyone with open time issues; here is an indi that shows all market open and closes
..G.L all
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 152 KB
Attached File(s)
File Type: mq4 Auto_Sessions_v_1.7.IBFX.mq4   9 KB | 612 downloads
Learn THEN Unlearn
  • #615
  • Jul 19, 2016 9:31pm Jul 19, 2016 9:31pm
i welcome this... this is only my clarification and add india too


Quoting Freezer
OK guys, i think the problem is: - How clock when market London Open and Close ? (which is on this thread are from any country) - how about ukraine ? how clock market london open and close ? - italia ? - Indonesia ? - sweden ? - belgium ? etc. maybe we should discuss about diferent clock for diferent country
Success is a Journey Not a Destination....... kind regards ramzam
  • #616
  • Jul 20, 2016 1:07am Jul 20, 2016 1:07am
hehehehehehehehehe

the GMT time 16:00 is on the world the same in China, in Australia in USA in Europe, in Asia, India, Russia, Nordpol, Sudpol

AND on the Fidschi Island hehehehehe
  • #617
  • Jul 20, 2016 1:08am Jul 20, 2016 1:08am
Quoting Retlaw
Here is the EA Walt_LCTS_v1.5 - BUG FIX Buy orders!!! - Server (broker) and GMT time with offset on screen - error trapping for orders Enjoy, Walt {file}
Thx Retlaw
  • #618
  • Jul 20, 2016 1:24am Jul 20, 2016 1:24am
Quoting ghostbiker
hehehehehehehehehe the GMT time 16:00 is on the world the same in China, in Australia in USA in Europe, in Asia, India, Russia, Nordpol, Sudpol AND on the Fidschi Island hehehehehe
Thanks Ghosbiker! I think if you still cannot understand this then trading is perhaps not for you!
  • #619
  • Jul 20, 2016 1:30am Jul 20, 2016 1:30am
You have right, trading is not for me, is for my husband, my childrends, my pocket, my houses,
my horses, my cars, my motobikes and my yacht for eating, drinking and travel, I'm the travel trader
  • #620
  • Jul 20, 2016 1:36am Jul 20, 2016 1:36am
Quoting ghostbiker
You have right, trading is not for me, is for my childrends, my pocket, my houses, my horses, my cars, my motobikes and my yacht
Wow yatch Me i only had a styro fom
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