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London close trading system for currencies

  • #1,321
  • Aug 7, 2016 8:47am Aug 7, 2016 8:47am
Quoting dominick1982
{quote} I use EA v1.8 to open trades, if they hit TP it's perfect. If they are in profit after a few hours, I also close them, as proposed by ghostbiker. But if the market moves against me, I switch to dynamic grid system. I delete the SL and increase the position and adjust the TP to 10 pips of the average total position. That way even losing trades have a chance of winning in the end. I have been testing for only two days, successfully so far but far to soon to tell if it works in the long run.
Hello dominick1982
Could you please explain how can you convert a loosing position in a winning one?
What is this "dynamic grid system"?
It's always interesting to learn something new.

Cheers.
Merka
  • #1,322
  • Aug 7, 2016 9:31am Aug 7, 2016 9:31am
Quoting guigra
@Xbeast these pictures are useless because they show only the number of trades and the balance. But no History with date, time and the market conditions at this point.If you look back to the real date, time and market conditions and compare this with your backtests you will see they have nothing to do with the reality. guigra
yeah that's right guigra,sorry for backtest results to spoil many of your moods.
  • #1,323
  • Aug 8, 2016 9:55am Aug 8, 2016 9:55am
16:00 GMT new start London close 23.6

all orders closed from friday 08.05.:

Attached Image (click to enlarge)
Click to Enlarge Name: ZZ_LOC_EA_05.08.JPG Size: 109 KB


the win order 179.80 $ is not a LOC 23.6 order
  • #1,324
  • Aug 8, 2016 11:53am Aug 8, 2016 11:53am
Quoting ghostbiker
16:00 GMT new start London close 23.6 all orders closed from friday 08.05.: {image} the win order 179.80 $ is not a LOC 23.6 order
according to your rule on page 1, you dont trade gbpcad, your report shows you are trading.
it's misleading.
  • #1,325
  • Aug 8, 2016 12:04pm Aug 8, 2016 12:04pm
NO ! it is a other LOC 23.6 ExpertAdvisor not this LOC EA from Retlaw (watch the comments)

today open only 2 Marketorders GBPAUD buy and NZDJPY sell with Retlaw's EA
some limitorders pending
  • #1,326
  • Aug 8, 2016 1:31pm Aug 8, 2016 1:31pm
no a/chf?
  • #1,327
  • Aug 8, 2016 1:35pm Aug 8, 2016 1:35pm
i have

gbpaud buy
nzdjpy sell
audchf sell
nzdusd sell
  • #1,328
  • Aug 8, 2016 1:38pm Aug 8, 2016 1:38pm
I have only been taking one , that I like the looks of the best, too many signals for me otherwise to each his own.
  • #1,329
  • Aug 8, 2016 1:42pm Aug 8, 2016 1:42pm
Quoting Merka
{quote} Hello dominick1982 Could you please explain how can you convert a loosing position in a winning one? What is this "dynamic grid system"? It's always interesting to learn something new. Cheers. Merka
I am not sure if that's the official term, a signal I follow uses it and that's what they call it. It's a way of averaging your price by increasing the losing position. When the price reverts, you need less pips to get in profit again because the total position is bigger.

For a short position, you increase your position with bigger and bigger lot sizes, so the weighted average price increases. Because your total position increases your TP can also move up, because you only need a small number of pips to reach your initial profit target. When the price moves down again, the sum of all trades can be in profit, even though you lose money on the first (few).
  • #1,330
  • Aug 8, 2016 10:21pm Aug 8, 2016 10:21pm
Quoting Juan007
i have gbpaud buy nzdjpy sell audchf sell nzdusd sell
same here bro.. 2 end in profit and 2 to go so far
  • #1,331
  • Aug 8, 2016 11:22pm Aug 8, 2016 11:22pm
Quoting ghostbiker
NO ! it is a other LOC 23.6 ExpertAdvisor not this LOC EA from Retlaw (watch the comments) today open only 2 Marketorders GBPAUD buy and NZDJPY sell with Retlaw's EA some limitorders pending
Orders from 08-08-2016
Attached Image (click to enlarge)
Click to Enlarge Name: 8-8-16.png Size: 29 KB
  • #1,332
  • Aug 9, 2016 9:03am Aug 9, 2016 9:03am
today 16:00 GMT London close 23.6
  • #1,333
  • Aug 9, 2016 9:13am Aug 9, 2016 9:13am
Quoting ghostbiker
NO ! it is a other LOC 23.6 ExpertAdvisor not this LOC EA from Retlaw (watch the comments) today open only 2 Marketorders GBPAUD buy and NZDJPY sell with Retlaw's EA some limitorders pending
Retlaw's EA implements your rules.

You say one thing and do another.

that's why so many ppl keep challenging you - and you simply ignore the questions!
  • #1,334
  • Edited 11:49am Aug 9, 2016 10:23am | Edited 11:49am
what questions ?? and what I do another ?? I have the same EA Retlaw's EA

today not one MarketOrder, only come LimitOrders

yes today not so ideal for LOC 23.6

tomorrow we will have more Orders
  • #1,335
  • Aug 9, 2016 11:13am Aug 9, 2016 11:13am
I have one nzdusd MO ( demo - Walt 1.8)
  • #1,336
  • Aug 9, 2016 11:17am Aug 9, 2016 11:17am
i also took n/u, possibly my spread is better than ghostbikers I had 13 pip space between 23.6 and price sorry 76.4 however you put your fib on there.
  • #1,337
  • Aug 9, 2016 11:34am Aug 9, 2016 11:34am
Quoting srmiller82
i also took n/u, possibly my spread is better than ghostbikers I had 13 pip space between 23.6 and price sorry 76.4 however you put your fib on there.
I also have NSDUSD market order my broker is HotForex
Failure is not failure if you learn from it...
  • #1,338
  • Aug 9, 2016 11:35am Aug 9, 2016 11:35am
2 MOs here so far...NU, UCad...

Happy pipping, jdva
I never lose - either I win or I learn...
  • #1,339
  • Aug 9, 2016 11:48am Aug 9, 2016 11:48am
I've just been picking one I like the best and trading it out of the signals that come up, I know that isn't the exact system but I haven't had a loss yet in 3 days.
  • #1,340
  • Aug 9, 2016 11:50am Aug 9, 2016 11:50am
just as a notice: tomorrow is NZD rate decision and for today a probability that the price get pushed higher because it is likly that we will see a rate cut.
(.)(.) think first ...
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