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London close trading system for currencies

  • #1,201
  • Edited 9:20am Aug 1, 2016 9:09am | Edited 9:20am
Quoting cjtylor
{quote} without bt, how would you know if your a/c will be blowed sir??
you doesn't need a backtest.You can blow up your account only in present and not in the past.
Backtests are useless only forward tests are meaningfull because you have live tickdata and you can see how the EA is works.
If there errors so you can correct these and the run it again with realtime tickdata.

guigra
  • #1,202
  • Aug 1, 2016 10:01am Aug 1, 2016 10:01am
Quoting cjtylor
{quote} without bt, how would you know if your a/c will be blowed sir??
​open a demo account and play with it for several days .. learn which pairs work better, what time to initiate trades, ect .. that way it doesn't cost you a dime but you learn how to use the strategy and decide if its for you or not
  • #1,203
  • Aug 1, 2016 11:39am Aug 1, 2016 11:39am
today active orders from LOC 23.6 16:00 GMT with ExpertAdvisor

- 3 MarketoOrder

- 3 LimitOrder # 1

today active orders from LOC 23.6 16:15 GMT with EA Retlaw 1.6

- 1 MarketOrder
  • #1,204
  • Aug 1, 2016 11:41am Aug 1, 2016 11:41am
Quoting guigra
{quote} you doesn't need a backtest.You can blow up your account only in present and not in the past. Backtests are useless only forward tests are meaningfull because you have live tickdata and you can see how the EA is works. If there errors so you can correct these and the run it again with realtime tickdata. guigra
a fool shall depart from his money.. when this time next year youre still not profitable ull have the answer
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #1,205
  • Aug 1, 2016 3:01pm Aug 1, 2016 3:01pm
Sorry, guys, used your settings for 1.8, 2 TP, all ok, but now:
Attached Image (click to enlarge)
Click to Enlarge Name: MetaTrader 4.png Size: 119 KB

Is it ok? What is this SL from??
Just an opinion. Based on research
  • #1,206
  • Aug 1, 2016 3:22pm Aug 1, 2016 3:22pm
Quoting since80808
Sorry, guys, used your settings for 1.8, 2 TP, all ok, but now: {image} Is it ok? What is this SL from??
You are waaayyyy overlavering yourself on a $213.16 account trading 0.1 lots! Try with 0.01 lots. Forex means draw down and sometimes losses, but you need good money management and what you are doing is account suicide.
SL was set correct by the EA.
  • #1,207
  • Aug 1, 2016 3:27pm Aug 1, 2016 3:27pm
@since80808

1. why you trade with a risk of over 10% ?

2. why you close this order after 2 hours not in win? (I have close this order in win after 2 hours change the TP)

here my orders 16:00 GMT with LOC EA: all closed without any loss

Attached Image (click to enlarge)
Click to Enlarge Name: Z_LOC_01.08.JPG Size: 141 KB
  • #1,208
  • Aug 1, 2016 4:04pm Aug 1, 2016 4:04pm
Quoting Silicus
{quote} You are waaayyyy overlavering yourself on a $213.16 account trading 0.1 lots! Try with 0.01 lots. Forex means draw down and sometimes losses, but you need good money management and what you are doing is account suicide. SL was set correct by the EA.
It's just a mechanical test of EA, not a serious MM, I see and know
I meaned,
Why SL set SUCH BIG by EA?
Just an opinion. Based on research
  • #1,209
  • Aug 1, 2016 4:05pm Aug 1, 2016 4:05pm
Quoting Soros
{quote} a fool shall depart from his money.. when this time next year youre still not profitable ull have the answer
Hi Soros

can you explain me what do you mean.

guigra
  • #1,210
  • Aug 1, 2016 4:06pm Aug 1, 2016 4:06pm
Quoting ghostbiker
@since80808 1. why you trade with a risk of over 10% ? 2. why you close this order after 2 hours not in win? (I have close this order in win after 2 hours change the TP) here my orders 16:00 GMT with LOC EA: all closed without any loss {image}
1. MM is not a target here, but thank you anyway
2. Not closed! Still opened with not system described SL. I try to understand why so big?
Just an opinion. Based on research
  • #1,211
  • Aug 1, 2016 4:19pm Aug 1, 2016 4:19pm
SL = in the night we have often unexpected spikes and 21:00 GMT go the spread very high
  • #1,212
  • Aug 1, 2016 7:39pm Aug 1, 2016 7:39pm
thanks Ghostbiker

i will start tomorrow i like your sytem
  • #1,213
  • Aug 1, 2016 9:59pm Aug 1, 2016 9:59pm
Quoting ghostbiker
@since80808 1. why you trade with a risk of over 10% ? 2. why you close this order after 2 hours not in win? (I have close this order in win after 2 hours change the TP) here my orders 16:00 GMT with LOC EA: all closed without any loss {image}
hi GB, thanks for sharing your trading results.
regarding the same AUDJPY trade 56027180,
i think the v1.8 EA set a different TP than your own EA - which result in the difference.
However, you entered this trade at 16:10, but the rule says it needs to enter at 16:00 sharp.
this seems the inconsistency?
  • #1,214
  • Aug 2, 2016 12:32am Aug 2, 2016 12:32am
Look now at this 1.8 work:
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYM15.png Size: 57 KB

Why did it set such grand SL?
The 2nd question:
It opened 3 trades yesterday. Is this count right?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 17 KB

Thank you for help!
Just an opinion. Based on research
  • #1,215
  • Aug 2, 2016 1:22am Aug 2, 2016 1:22am
Quoting since80808
Look now at this 1.8 work: {image} Why did it set such grand SL? The 2nd question: It opened 3 trades yesterday. Is this count right? {image} Thank you for help!
hi mate,
i was also hit by the grand SL on AUDJPY.
look at the link here: https://www.myfxbook.com/portfolio/mt4-2802622/1730882

it's on v1.8 with default setting.
  • #1,216
  • Aug 2, 2016 1:24am Aug 2, 2016 1:24am
Quoting cjtylor
{quote} hi mate, i was also hit by the grand SL on AUDJPY. look at the link here: https://www.myfxbook.com/portfolio/mt4-2802622/1730882 it's on v1.8 with default setting.

No one can look since you have the mfxbook link set to private
  • #1,217
  • Aug 2, 2016 1:59am Aug 2, 2016 1:59am
AUDJPY: the lowest low 76.70 = 60 Pips (go in SL by 76.72 after 12:30 hour) now is the priceline back 77.22
  • #1,218
  • Aug 2, 2016 2:20am Aug 2, 2016 2:20am
So everybody must handle his own trades manually. Like on a Friday night you must hold on because it will profit on Monday, but on a Monday you must close trades like audjpy in profit because it will turn around and hit your stop. Just follow your gut feeling!
  • #1,219
  • Aug 2, 2016 2:35am Aug 2, 2016 2:35am
Quoting tradability
{quote} No one can look since you have the mfxbook link set to private
sorry mate, updated now.
THanks.
https://www.myfxbook.com/portfolio/loclose/1730882
  • #1,220
  • Aug 2, 2016 3:12am Aug 2, 2016 3:12am
Quoting cjtylor
{quote} sorry mate, updated now. THanks. https://www.myfxbook.com/portfolio/loclose/1730882
Its ok I was just trying to help lol
Keep you results up and it would be fantastic!
I have similar results on demo so will be observing the strategy more to find its weakness to be able to control it.
If you're interested in seeing my results advise me
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