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London close trading system for currencies

  • #821
  • Jul 22, 2016 4:43am Jul 22, 2016 4:43am
Quoting Minamaui
@Retlaw Firstly, thank you so very much for all your hard work, you, GB, Swingman and all the testers. I've done some manual trades and had a smile on my face with the results. I've been looking at your V5 and V6 and I have a question for you. You've explained very clearly a few times about the GMT time aspect of the strategy and you've very cleverly made the programs 'fool proof' in that the user doesn't have to do anything to get the right time. This is fantastic! My set up : I live in GMT+1, my broker is in London (GMT). When I insert V5 or V6...
You're welcome!
Although your broker is in London, the server feed can have a different time zone.
That's the only explanation I can think of.
Have a look at the time of the last candle on a chart and compare that time with GMT.
I bet that it is 3 hours later than GMT, just like it says in the top right corner of the chart when the EA is loaded

Again, don't worry about the time setting.
Only the last setting "Broker GMT Offset" is of importance when TESTING IN STRATEGY TESTER.
If not testing in the strategy tester then the last setting "Broker GMT Offset" is not used.

Edit: YOUR COMPUTER CLOCK (also when on a vps) MUST BE CORRECT. (check if it automatically synchronizes with internet time)
  • #822
  • Jul 22, 2016 7:21am Jul 22, 2016 7:21am
Quoting Retlaw
{quote} You're welcome! Although your broker is in London, the server feed can have a different time zone. That's the only explanation I can think of. Have a look at the time of the last candle on a chart and compare that time with GMT. I bet that it is 3 hours later than GMT, just like it says in the top right corner of the chart when the EA is loaded Again, don't worry about the time setting. Only the last setting "Broker GMT Offset" is of importance when TESTING IN STRATEGY TESTER. If not testing in the strategy tester then the last setting...
Can I help with the constant confusion about the TIME SETTINGS OF THE EA!

1) Google in: What is the time in GMT? You will get the answer big and clear!
2) Now open your metatrader platform and open the Market Watch, check the time there. Calculate the difference between the gmt answer you got above and the Market Watch of your broker. If the difference between the gmt in the answer of point 1 above and the Market Watch is for instance 3, then you do this:
3) Type in the difference - for this example it will be 3 - in EA settings right at the bottom next to the Heading: Broker GMT Offset

Check the screen shots, if you follow these 3 steps, then your problems about TIME will be solved, no matter where on earth you live!!
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Attached Images
  • #823
  • Jul 22, 2016 7:48am Jul 22, 2016 7:48am
simply superb........




Quoting Dkmillion
{quote} Can I help with the constant confusion about the TIME SETTINGS OF THE EA! 1) Google in: What is the time in GMT? You will get the answer big and clear! 2) Now open your metatrader platform and open the Market Watch, check the time there. Calculate the difference between the gmt answer you got above and the Market Watch of your broker. If the difference between the gmt in the answer of point 1 above and the Market Watch is for instance 3, then you do this: 3) Type in the difference - for this example it will be 3 - in EA settings right at...
Success is a Journey Not a Destination....... kind regards ramzam
  • #824
  • Edited 8:32am Jul 22, 2016 8:16am | Edited 8:32am
Quoting DerBerliner
{quote} Dude ! It's LONDON CLOSE ! Not open or something like that .... Unbelievable BS .....
Hi DerBerliner; Yes its true....but I have to say, I trade manually.... I just looked at the charts in right place for FIBO in red or green area ( buy or sell ) started at 09 35 CET and closed in the oposite side red or green about 10 58 CET, and that... was all I did.All you guys I think you can give it a try.
I like to ask Ghostbiker and Retlaw, insted of start trades at 16 GMT, why not let the EA trade whatever the time its, if the FIBO is in the right place, in green or red area?
Thanks
regards
crebcreb
nesta
  • #825
  • Jul 22, 2016 9:32am Jul 22, 2016 9:32am
Thank you all for your input.

As we are coming up to a clear M15 candle change, I add an example:
Time has just changed to 16:30 where I live (GMT+1 and UTC+1). Hence GMT is now 1530
If I put the cursor over the last candle, MT4 says 1730 and if I do control D, MT4 says 1730.
My pc says 1630.
Yet the EA says Time GMT 1430.

Any suggestions please?

Many thanks
  • #826
  • Jul 22, 2016 9:35am Jul 22, 2016 9:35am
you can do so when ever you want !! It is your trading not our
  • #827
  • Jul 22, 2016 10:09am Jul 22, 2016 10:09am
very good request........... but as per this thread rule it is london close...


Quoting crebcreb
{quote} Hi DerBerliner; Yes its true....but I have to say, I trade manually.... I just looked at the charts in right place for FIBO in red or green area ( buy or sell ) started at 09 35 CET and closed in the oposite side red or green about 10 58 CET, and that... was all I did.All you guys I think you can give it a try. I like to ask Ghostbiker and Retlaw, insted of start trades at 16 GMT, why not let the EA trade whatever the time its, if the FIBO is in the right place, in green or red area? Thanks regards crebcreb
Success is a Journey Not a Destination....... kind regards ramzam
  • #828
  • Jul 22, 2016 10:51am Jul 22, 2016 10:51am
Quoting Minamaui
Thank you all for your input. As we are coming up to a clear M15 candle change, I add an example: Time has just changed to 16:30 where I live (GMT+1 and UTC+1). Hence GMT is now 1530 If I put the cursor over the last candle, MT4 says 1730 and if I do control D, MT4 says 1730. My pc says 1630. Yet the EA says Time GMT 1430. Any suggestions please? Many thanks
++++++++++++++++++++++++++++++++

Not to Worry. The EA should take over, making the time an non issue.
  • #829
  • Jul 22, 2016 11:13am Jul 22, 2016 11:13am
Today
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Failure is not failure if you learn from it...
  • #830
  • Jul 22, 2016 11:20am Jul 22, 2016 11:20am
Quoting Dkmillion
{quote} Can I help with the constant confusion about the TIME SETTINGS OF THE EA! 1) Google in: What is the time in GMT? You will get the answer big and clear! 2) Now open your metatrader platform and open the Market Watch, check the time there. Calculate the difference between the gmt answer you got above and the Market Watch of your broker. If the difference between the gmt in the answer of point 1 above and the Market Watch is for instance 3, then you do this: 3) Type in the difference - for this example it will be 3 - in EA settings right at...
Right.
But your point #3 is only of importance when testing in the Strategy Tester.
If not testing in the strategy tester then the last setting "Broker GMT Offset" is not used.
Only thing to worry about when using the EA for trading is that your computer clock is correct, NOTHING ELSE!!!
@everybody I have explained this a million times now and this will be the last time!
  • #831
  • Jul 22, 2016 11:20am Jul 22, 2016 11:20am
haha .... but for me i want for crude oil and copper and gold and silver and natural gas
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Success is a Journey Not a Destination....... kind regards ramzam
  • #832
  • Jul 22, 2016 12:12pm Jul 22, 2016 12:12pm
Quoting Retlaw
{quote} Right. But your point #3 is only of importance when testing in the Strategy Tester. If not testing in the strategy tester then the last setting "Broker GMT Offset" is not used. Only thing to worry about when using the EA for trading is that your computer clock is correct, NOTHING ELSE!!! @everybody I have explained this a million times now and this will be the last time!
++++++++++++++++++++++++++++++++

I would imagine, at this point, you have very little hair left... 8• >
  • #833
  • Edited 12:48pm Jul 22, 2016 12:25pm | Edited 12:48pm
on site 1 Post # 1 is the Volume Indicator for downloading

- make in the settings InpPeriod 2 for 2 candle

- look in realtime the buyer / seller volume for the last 2 candle
  • #834
  • Jul 22, 2016 12:37pm Jul 22, 2016 12:37pm
Quoting diamonddbw
{quote} ++++++++++++++++++++++++++++++++ I would imagine, at this point, you have very little hair left... 8 >
LOL

Inserted Video
  • #835
  • Jul 22, 2016 12:50pm Jul 22, 2016 12:50pm
My opinion about this EA

Is there any EA that works? I could not found till today.

Is it lost time to look for a well working EA?
I find not, well-founded EA show us what is the essential for going into market and what is redudant.

An EA was presented, what happens next?

Potential participants are interested.
Initiator continues to interest the group.
Follow interested analysts, programmer, user.

Clear to say what is not supported and generally undesirable.
Initiator brings together the results (not no desired results but clear, comprehensible results) These results must be clear, true and completely.
Initiator stimulates new analyzes, developments. On what basis was previous assertions, they can continue to exist? What is next to look for? Who takes part? What is expected? Clear results? ....

I do not know EA works or not. I want to find out?
  • #836
  • Jul 22, 2016 1:01pm Jul 22, 2016 1:01pm
- if work a EA or not you can find out let the EA work one month, every day
then you can see if the Ea profitable or not.

- After few day's nobody can say yes or not, the time is to short
and the EA is under developement, we can work on it

- today the EA had made 2 MarketOrders, one GU buy is closed with TP one EU buy is running
I say the EA is good for trading

- today the trading manually with 5 MarketOrders is good, one closed with TP 4 are running
  • #837
  • Edited 2:24pm Jul 22, 2016 1:03pm | Edited 2:24pm
Why TP is not taken ?

I had to take tp manualy EA not stop trade when TP hit somebody know why ? i didn't change nothing in EA

Ps. very good EA i had 4 TP closed manualy and 1 lose
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  • #838
  • Jul 22, 2016 2:00pm Jul 22, 2016 2:00pm
All I see are people posting losses. Maybe we need clear instructions on how to set the EA up, what time it should be. Maybe a video because no one is getting this. Or is it just me?​
  • #839
  • Edited 4:29pm Jul 22, 2016 3:31pm | Edited 4:29pm
- ja Mr. "nightyhawk" ist auch hier um mich auf der Insel zu besuchen wohin er mich geschickt hat,
das ist aber schön dass er sich nach meinem Wohlbefinden erkundigt, gut gehts mir.... hier haben wenigstens nicht solche
Accountsschrotter wie dieser Antonov das Sagen..

@ sharingan9:

- what time it we should be ??

- read the thread, not dreaming - read it !!!

here are my orders with London close 23.6 from EA today
and I say the EA from Retlaw is OK for trading, I will look the next week:

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and here the manually Order London Close 23.6 from the webinar:

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  • #840
  • Jul 22, 2016 4:54pm Jul 22, 2016 4:54pm
Hi all, could you indicate why in the EA the default % risk is 1% for market orders and 2% for limit orders?

Another question: how do we manage the positions at the end of the trading week? Is it better to close all or we leave them opened for the next Monday?

Thank you!
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