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London close trading system for currencies

  • #841
  • Jul 22, 2016 5:20pm Jul 22, 2016 5:20pm
- you can make the Risk if you want 0.5% 1% 2% 5% is your Risik

- I self trade with exactly Lot not with % Risk

- normally close the position befor the weekend
  • #842
  • Jul 22, 2016 5:24pm Jul 22, 2016 5:24pm
[Quote = ghostbiker; 9044930] - Puede hacer que el riesgo si quieres 0,5% 1% 2% 5% es su Risik - Me comercio auto con exactamente la porción no con% Riesgo - normalmente cerrar la posición acaben el fin de semana [/ quote]

Ghostbiker,

Hello,
My broker has the GMT time.
You have to change something in the V6 indicator ?
Thanks,
  • #843
  • Jul 22, 2016 5:33pm Jul 22, 2016 5:33pm
- here my preset GMT 16:00 / Broker time 16:00 too

- you can change the Lot or if you want

Attached File(s)
File Type: rar Loclose_EA_v1.6.rar   < 1 KB | 824 downloads
  • #844
  • Jul 22, 2016 5:41pm Jul 22, 2016 5:41pm
Quoting ghostbiker
- here my preset GMT 16:00 / Broker time 16:00 too - you can change the Lot or if you want {file}
Thank you for the set ..
Manually for trade, I have to change something in the indicator?
I'm confused.
  • #845
  • Jul 22, 2016 8:50pm Jul 22, 2016 8:50pm
Guys I used this Amazing EA yesterday WOW!

1 order closed with TP

6 orders running with 0.1 lot size one except all are profitable. (+4.80, +18.8, +4.3, +15.4, -5.19, +5.37)

Thanks to 'ghostbiker' for this wonderful trading system.


PS: I also used this method manually before 16GMT. Still I got more than 50% win rate. However I only started to use this method few days back so little testing. hopefully it works in the future as well.
  • #846
  • Jul 22, 2016 10:09pm Jul 22, 2016 10:09pm
Yesterday results was awesome $69.65 closed profit and $51.75 floating profit ,
If i use EA on live account can anyone recommend a fixed lost size per one trade, The account has $1000 balance and 1:500 leverage
Failure is not failure if you learn from it...
  • #847
  • Jul 22, 2016 10:16pm Jul 22, 2016 10:16pm
Quoting suneth2
Yesterday results was awesome $69.65 closed profit and $51.75 floating profit , If i use EA on live account can anyone recommend a fixed lost size per one trade, The account has $1000 balance and 1:500 leverage

Sir question is the EA automatically calculate the gmt offset? or depending or depending on the broker. also may i know if you are using the latest ea version with default settings?

and if that ok may i know your list of pairs and preset please sir T_T
  • #848
  • Jul 22, 2016 10:24pm Jul 22, 2016 10:24pm
Quoting CurseOne
{quote} Sir question is the EA automatically calculate the gmt offset? or depending or depending on the broker. also may i know if you are using the latest ea version with default settings? and if that ok may i know your list of pairs and preset please sir T_T
I didn't change any settings on EA, just added to VPS MT4 Demo account, It opened orders on time, I think it don't need to change time settings EA calculate GMT using your computer time, but if your computer time is incorrect GMT also incorrect them it will not open trades on time. The pairs i used indicate 1st Post of this thread.
Failure is not failure if you learn from it...
  • #849
  • Jul 22, 2016 10:35pm Jul 22, 2016 10:35pm
Quoting suneth2
{quote} I didn't change any settings on EA, just added to VPS MT4 Demo account, It opened orders on time, I think it don't need to change time settings EA calculate GMT using your computer time, but if your computer time is incorrect GMT also incorrect them it will not open trades on time. The pairs i used indicate 1st Post of this thread.
Ok so you advice to set my vps local timezone to gmt timezone?
  • #850
  • Jul 22, 2016 10:47pm Jul 22, 2016 10:47pm
Be free retlaw ji...
you know coding and gave an amazing EA where as swingman gave the greatest indicator
but no others including me does not know coding. so that asking many doubts ..
and really known the local time only. the thing is they all may know whether they are GMT + / -
infact i also well known that i am GMT +5.30 Hrs.
but when come there GMT Offset nothing known and asking many doubts...because here broker time , local time, GMT, GMT Offset like 4 items .... made simply confuse.. as a coder you all know but as a user gave confusion is the thing....
please be patient.. out of interest and to use this method as far as the best only every one asking... kindly tolerate this loving torture as an angel


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!
Success is a Journey Not a Destination....... kind regards ramzam
  • #851
  • Jul 22, 2016 11:09pm Jul 22, 2016 11:09pm
Quoting CurseOne
{quote} Ok so you advice to set my vps local timezone to gmt timezone?
The EA shows GMT, You can see actual GMT by https://www.google.com/search?q=gmt+...ient=firefox-b, If the both are same you don't need to change server computer time. If its different adjust few hours and check both same
Failure is not failure if you learn from it...
  • #852
  • Jul 22, 2016 11:13pm Jul 22, 2016 11:13pm
Quoting CurseOne
{quote} Ok so you advice to set my vps local timezone to gmt timezone?
Hi all. Thank you Ghost for sharing our approach. Great job on the EA RetLaw. And SwingMan, I don't know you but I have seen your work over the many years I have been visiting this forum. I am a coder and have tons of functions, if u guys need any help or coding ideas I will gladly provide.

CurseOne:
In your VPS just activate the EA and leave the GMTOffset input as is. The EA will automatically calculate the GMT equivalent time on your brokers using your broker's ServerTime and comparing it to GMT time. All that is done in the EA.

What RetLAw means by saying to make sure your Local Time is correct, is that your clock on your machine is set correctly. You should not have to worry about this on your VPS machine because usually (in windows OS at least) the clocks are already synchronized to GMT time automatically. Otherwise if you see something that is not working with your clock then you will need to go into the time settings and make the adjustments so that it synchronizes with GMT time.

Keep up the good work and just make money folks. Ghost Buster has provided a very easy simple approach...
Peace
Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #853
  • Jul 22, 2016 11:37pm Jul 22, 2016 11:37pm
Quoting xmess7
{quote} Hi all. Thank you Ghost for sharing our approach. Great job on the EA RetLaw. And SwingMan, I don't know you but I have seen your work over the many years I have been visiting this forum. I am a coder and have tons of functions, if u guys need any help or coding ideas I will gladly provide. CurseOne: In your VPS just activate the EA and leave the GMTOffset input as is. The EA will automatically calculate the GMT equivalent time on your brokers using your broker's ServerTime and comparing it to GMT time. All that is done in the EA. What RetLAw...

Thank you very much xmess7, Great explanation. i now understand. anyway i am currently running the v.6 on my live account. i test the system manually and got good result. now decided to link the ea on my live account to see the progress

Thank you!
  • #854
  • Jul 22, 2016 11:50pm Jul 22, 2016 11:50pm
exmess7 Can you improved this?
Attached File(s)
File Type: mq4 EURFXmomentum_PRO_v7mod.mq4   48 KB | 316 downloads
  • #855
  • Jul 23, 2016 1:47am Jul 23, 2016 1:47am
To all the skeptics who criticize without proof: I have been testing the strategy with my 1000 demo account. After 7 trading days, 80% win rate, +241 pips, +EUR 28,96.

I made some mistakes with TP and SL in the beginning and missed some trading days, so it could have been better.

So far it is looking very promising!!
  • #856
  • Edited 2:08am Jul 23, 2016 1:50am | Edited 2:08am
Quoting dominick1982
To all the skeptics who criticize without proof: I have been testing the strategy with my 1000 demo account. After 7 trading days, 80% win rate, +241 pips, + I made some mistakes with TP and SL in the beginning and missed some trading days, so it could have been better. So far it is looking very promising!!
Agreed ! Question you trade at exactly 16:00 gmt?

Also did you make any adjustment on smlondonclosed ver6? or default settings?
  • #857
  • Jul 23, 2016 2:26am Jul 23, 2016 2:26am
Damn Now i found the problem why the result of my test is really different to other users, i tried to figure out, Why the SMlondon indi is different to others result, This indi is not automatically adjusted to broker gmt offset ... The London closed in GMT Timezone is 00:00 right? Then on my chart it said Fibo begin at 22:00 .. That's makes me really screwed. i google my broker gmt offset and found that using +2 not +3 ... I guess i'm not the one who experienced this issue. maybe it cpuld help to other concern. Just change the default gmt offset settings. and now the indicator works properly
  • #858
  • Jul 23, 2016 2:31am Jul 23, 2016 2:31am
Quoting CurseOne
{quote} Agreed ! Question you trade at exactly 16:00 gmt? Also did you make any adjustment on smlondonclosed ver6? or default settings?
With EA I used standard settings, except lot size, that's always 0.01 for me.

But I am not always at a computer at 16:00 GMT because I am often driving home from work at that time. If I come home after 16:00 GMT I have to trade manually and I see if any forex pairs are still within the trade limits. Sometimes you can still trade at GMT 17:00 or even GMT 17:30 and still get good results.
  • #859
  • Edited 2:51am Jul 23, 2016 2:40am | Edited 2:51am
Quoting dominick1982
{quote} With EA I used standard settings, except lot size, that's always 0.01 for me. But I am not always at a computer at 16:00 GMT because I am often driving home from work at that time. If I come home after 16:00 GMT I have to trade manually and I see if any forex pairs are still within the trade limits. Sometimes you can still trade at GMT 17:00 or even GMT 17:30 and still get good results.
Ok i understand buddy
  • #860
  • Jul 23, 2016 2:59am Jul 23, 2016 2:59am
Special thanks to Miss Ghost buster / Retlaw / Swingman /


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