EA required using Livelli indicator made 600 pips

the markets are starting to settle and create new trends. I also managed to pull some out of it during the morning ...

Let's keep grinding.

Great figures there Ray.

Thanks Rob
Good results Zwara
Looking at past results I am of the opinion that a pair will trend once or twice a week
We will lose money 3 to 4 days a week our object is to limit our losses .by using trailing stops and monitoring
the trades.
When pairs trend that's when we make the money
I like the analogy with roulette Side ways markets goes red ,black, red ,black,red black
Trend market goes red,red red ,red,red
The market is biased though in our favor though not like roulette
We can start trading at the European open when volatility is high also we can still break even if we have
have 2 winning trades and one losing trade or 3 winning trades and 2 losing trades.

Did not start the EA on trading explorer on Friday
Today is a public holiday in USA so did not start the Ea today
We are 260 pips down on this month as 5 trades are still open
I will start the Ea tomorrow morning although I might manage a couple of losing trades today if they become profitable

Hi raylin

Been following the thread since it's inception. I was wondering how the EA has been performing, as you've not posted for a while.

regards

This week i have been on holiday so unable to start the Ea up at the appropriate time
I feel that this Ea is not a set and forget Ea so would like to monitor it on a 2 to 3 hour basis
Next week I should be able to do this but will only trade on one pair that is trending as this will be a live account
I will be using 0.01 lot and risking a maximum of 10 pounds per day

I'm looking forward to hear from you Ray! Have a nice holiday!

Hi raylin

How trading with the EA been this month? It's gone awfully quite in here. I hope that because you guys are getting plenty of green pips.

If the EA has been promising is it still available for sale?

I'll repeat again nothing is for sale, never have been ...................

second the EA works well in trending conditions and this week markets have been erratic and difficult to trade in ...

hi zwara and all

sorry to ask, which EA currently u all testing?
long time no come to this thread kinda lost track...i notice quite a number of EA already posted

thanks

I'm not testing anything... cause this EA is good as a tool but not exactly what I wanted or need to my style of trading and not specific for my trading strategy so I still have it but not using it... I tried to explain the filter that should be implemented the owner decided to turn this into a "donation" that lead this thread to commercial, when we had in the thread programmers willing to do the programming for free..... So I guess we wont be hearing much from here guys sorry but that's the truth.

Hi Guys
I have been using the 2nd EA on the gbp/yen and the euro/yen my settings are 50 sma 20 sma and 10 sma on the 15 minute time frame
although sometimes if a big move is possible I will switch it to the 5 minute time frame and sometimes the 1 minute time frame if I need some excitement although I do try to monitor on the lower time frames
I normally risking $5 on a micro lot
although I am thinking of moving this up to $10 or $15 dollars as you sometimes get 70 to 100 retacements on the especially on the gbp/yen pair
I normally start the EA of at mid night GMT and check at 5:00 am
Also I give the EA a kick start by putting 2 extra trades in at midnight normally with a stop loss of 50 pips as I find I can miss miss
trades before the trend starts
The trend as not normally developed at this time, so I just put a buy on the upper livelli point
and a sell in at the lower livelli point. if there is not more than 50 pips apart I use the two livellis as a hedge and if they are
both triggered I try to manage these manually through out the day
Thanks for every ones contributions to the EA
I did send an email to all the donate rs although I apologise if I missed anyone
Anyway I decided to send 100 pound to a charity called Shelter Box .My cousins husband is involved in this charity
They live down in Cornwall England where this charity was first started and as no allegiance to any government
The Youtube video is attached

I sent the donation off a week a go and when I receive the letter and receipt I will publish on this thread
Ps I have been quite lazy recently and have not set up a trading explorer to display my live account
But may do in future if there is any further interest

These moves normally happen at least once a week on each pair that I trade
Just don't trade when there is red news displayed on forex factory that could impact trades that are taken
Ps I did not take this trade
If you had traded the 5 minute time frame you would have ended up with 9 trades
1 loss of 250 pips and 8 trades of 650 pips
Other wise probably 350 on the 15 minute time frame

Hi raylin/Zwara

Where can i get the EA to test?

thanks

Started the Ea at mid night on the Euro /yen with the Adx enabled at 20 with moving averages set to 50 sma 20 sma and 10 sma
stop loss at 100 pips
Checked the EA at 5:00 gmt but although 2 buy trades had been taken no trend had developed so closed both trades at break even
Will switch the Ea on every day at midnight and hopefully catch a trend this week on either the gbp/yen or eur/yen
Monitoring the Ea over the last 3 weeks the yen pairs seem to start trending at midnight at least once or twice a week
Forgot to mention stop loss 100 pips take profit 1000 pips

Started EA again at mid night on the gbp/yen no trend developed one buy trade taken profit 5 pips
Closed Ea down at 6:00 am uk time
Same with euro/yen ADX below 20 so no trades taken

Ea started again at midnight GMT on the Euro/yen and the GBP/yen
No trend developed on both pairs so switch EA of at 6:00 gmt
I then put a buy and sell trade at the livelli lines buying 1 micro lot on the livelli line at 137.72
and 0.04 lots sell at 134.11
The buy trade was taken so I traded out at break even

This is sods law for the last 3 weeks there as been major trend on the 2 currency pairs and now nothing
I was using the buy and sell EA with ADX set to 20
Might try the other EA tonight settings 10,20 and 50 sma ADX set to 20 and true ,take profit 1000 pips stop loss 100 pips
trailing stop at 50 and break even set to 50
Using live account 0.01 lots

Latest joke
Bought 50 packets of sultanas at the local supermarket
I then returned them and was given 100 boxes of raisins
Can't believe the current exchange rate

Hi raylin

Is there no way to combine the trending and non-trending EA together. It would save you having to chopping and changing EA.

Keep posting result please

regards

No trend established overnight last week on the gbp/yen and the Euro/yen
Possibly because of the gb interest rate and the NFP
Finished the week 30 pips down as I switched the EA of every morning at 6-7 o-clock uk time
and tried to make break even on the open trades before the major news came out
I am trading on alive account now but because I trade 3 different system it would confuse the issue if
I put it in the trading explorer
Once I pick up a decent win I will make a screen shot of the result


Thought for the day
Be yourself everyone else is taken

Try these settings for trending:

UK session into US trading only 3AM-12PM EST time.
200SMA ignore other MAs

10Pips breakeven,

For Exits I would exit 25%-30% every 10 pips, let last 3rd or 4th run.
so 1/4 10 pip tp 2/4 10 pip tp 3/4 10 pip tp ect.

For stops I don't know what the EA allows but I would put it at the swing high which is usually 30 pips or so. Please run and let me know how it turns out.