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Monthly Profit - Daily Trading using SMA

  • #6,861
  • Nov 4, 2016 2:55pm Nov 4, 2016 2:55pm
Quoting lctrader11
I used Tony-FX's EA last night (thanks to Shimmering for asking about it). And for grins, placed the template and EA on 10 X 4H charts (Demo account of course). This is the VERY FIRST time I've ever used an EA, so I wasn't sure of what to expect. I adjusted the TP_pips to 50, the BE_Pip to 25, and increased the TradeSize to .04. I first put it on 5M charts just to see what kind of notifications and trading activity looked like. I got what I needed, but the trades were a disaster. I'm sure I would need to adjust the settings to accommodate for lots...
Thank you for the detailed description! Is there a way to include the settings you had it on and TF. I think I understood you placed it on H4 charts?But if you could include a shot of the settings, it always helps. BTW, what is FX-Flux's EA?
  • #6,862
  • Nov 4, 2016 3:29pm Nov 4, 2016 3:29pm
Shimmering, I hope this comes thru. FX-Flux's EA is listed in the paperclip at the top of the page just like you were instructed to find Tony-FX's files.
His is called MA CROSSING DAILY.
** Mind you, I'm experimenting with the settings. I hope I'm interpreting the values correctly. Sometimes in MT4, the PIP values in the dialog boxes are 1/10th of what is listed.
MaxSlippage value is still puzzling to me. I'm not sure if that is 3 PIPs or what...it seemed with this set, that PA went past my TP and did not close the trade. During the 5M experiment, price was moving around to fast for me to correlate to see if the price was under my TP by 3 PIPs or not.

Attached Image
  • #6,863
  • Nov 4, 2016 6:12pm Nov 4, 2016 6:12pm
Quoting Pretoriano
{quote} Thanks for your feedback Ficibald. I know that this method don't work,I've said it two weeks ago. I want to see when all these users understand it :-)
Hello. I must just say that for me there has been much more green pips than red ones. (85%)
So I am sorry if you had losses. All the best. Bk8 thank you.
All the best to all of you. But don't follow me. I am a learner.
  • #6,864
  • Nov 6, 2016 3:07am Nov 6, 2016 3:07am
Quoting Pretoriano
{quote} Thanks for your feedback Ficibald. I know that this method don't work,I've said it two weeks ago. I want to see when all these users understand it :-)
Well for the time being you are the one who do not want to see that it works seemingly... A quick look at LexLuthor GU trade is just an example among many others shown here.
It would be wiser and more convincing to keep your negations for yourself until you can show us something even more effective. Just open your own thread showing to the world how spectacular your results are with your strategy, please.
I used to be indecisive but now I'm not so sure...
  • #6,865
  • Nov 6, 2016 4:34am Nov 6, 2016 4:34am
We have a signal on USDMXN but beware of potentially explosive gain/loss due to huge impact of US election result.
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I used to be indecisive but now I'm not so sure...
  • #6,866
  • Nov 6, 2016 6:14am Nov 6, 2016 6:14am
Quoting Filipo1
{quote} Well for the time being you are the one who do not want to see that it works seemingly... A quick look at LexLuthor GU trade is just an example among many others shown here. It would be wiser and more convincing to keep your negations for yourself until you can show us something even more effective. Just open your own thread showing to the world how spectacular your results are with your strategy, please.
do not feed the troll
  • #6,867
  • Nov 6, 2016 11:34am Nov 6, 2016 11:34am
Quoting lctrader11
Shimmering, I hope this comes thru. FX-Flux's EA is listed in the paperclip at the top of the page just like you were instructed to find Tony-FX's files. His is called MA CROSSING DAILY. ** Mind you, I'm experimenting with the settings. I hope I'm interpreting the values correctly. Sometimes in MT4, the PIP values in the dialog boxes are 1/10th of what is listed. MaxSlippage value is still puzzling to me. I'm not sure if that is 3 PIPs or what...it seemed with this set, that PA went past my TP and did not close the trade. During the 5M experiment,...
Thank you. Now, when I open the EA, I get this http://prntscr.com/d3wbp7, which looks different from yours.
  • #6,868
  • Nov 6, 2016 11:35am Nov 6, 2016 11:35am
Quoting lctrader11
Shimmering, I hope this comes thru. FX-Flux's EA is listed in the paperclip at the top of the page just like you were instructed to find Tony-FX's files. His is called MA CROSSING DAILY. ** Mind you, I'm experimenting with the settings. I hope I'm interpreting the values correctly. Sometimes in MT4, the PIP values in the dialog boxes are 1/10th of what is listed. MaxSlippage value is still puzzling to me. I'm not sure if that is 3 PIPs or what...it seemed with this set, that PA went past my TP and did not close the trade. During the 5M experiment,...
I just realized that your EA has a different name!
  • #6,869
  • Nov 6, 2016 11:44am Nov 6, 2016 11:44am
Signals I will consider for this week :

EURGBP short still valid for me.
GBPCHF long on slight retracement.
But here comes additional risk factor with safe heaven currencies (mainly JPY and CHF) to be heavily bought with eventual thin liquidity depending on the outcome of US presidential election.
GBPNZD long. There is a big wick but so was the case also on Aug.17 so it remains open to trade for me.
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I used to be indecisive but now I'm not so sure...
  • #6,870
  • Nov 6, 2016 11:56am Nov 6, 2016 11:56am
Quoting shimmering
{quote} Thank you. Now, when I open the EA, I get this http://prntscr.com/d3wbp7, which looks different from yours.
Hi Shimmering,
There are actually 2 EAs to consider; one by Tony-FX and one by FX-FLUX
FX-Flux = MA CROSSIGN DAILY.ex4
Tony-FX = DailyTradingUsingSMA.ex4

Similar but slightly different EAs
  • #6,871
  • Nov 6, 2016 12:02pm Nov 6, 2016 12:02pm
Here's what I'm considering to at least start the week
U/CAD; Daily TF - Short
N/U; Daily TF - Short
E/G; Daily TF - Short
G/CHF; 4H TF - Short (couldn't decide what to do with the Daily TF, but thought the 4H might afford some PIPs)
E/CAD; Daily TF - watching for it to turn first...but expecting to Short maybe tomorrow or Tuesday.
Does this analysis resonate with anyone else?
So, here's the other question...when to start watching these; wait until Monday at London Open or NY Open...or start watching today at the Asian open. Would the moves on these pairs be legitimate?

I will try to avoid jumping in due to the US Elections, listen to other, more experienced traders and maybe stay out until Wednesday. A "no trade" day is a day to preserve capital...nothing wrong with that. If the market happens to move and I'm not in it, I need to accept that "just let it go". Comments??....
  • #6,872
  • Nov 6, 2016 12:02pm Nov 6, 2016 12:02pm
EUR/USD big gap down. Trading at 1.1122 a moment ago. Hopefully climbing higher.
  • #6,873
  • Nov 6, 2016 12:05pm Nov 6, 2016 12:05pm
Quoting lctrader11
{quote} Hi Shimmering, There are actually 2 EAs to consider; one by Tony-FX and one by FX-FLUX FX-Flux = MA CROSSIGN DAILY.ex4 Tony-FX = DailyTradingUsingSMA.ex4 Similar but slightly different EAs
This is the only one I have found, as per instructions on where to find it. http://prntscr.com/d3wrn1 If you attach the one you have been testing, I could then be looking at the same one as you.
  • #6,874
  • Nov 6, 2016 12:07pm Nov 6, 2016 12:07pm
Mirroring GBPCHF Fibonacci retracement with EURGBP means putting Oct. /Nov. price action between 23.6 and 38.2 results in a low for GBPCHF at 1.1575 approx...
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I used to be indecisive but now I'm not so sure...
  • #6,875
  • Nov 6, 2016 12:10pm Nov 6, 2016 12:10pm
Quoting shimmering
{quote} This is the only one I have found, as per instructions on where to find it. http://prntscr.com/d3wrn1 If you attach the one you have been testing, I could then be looking at the same one as you.
WOW, he told you where to look, now we have to tell you how to look
'
Click the heading to sort by NAME or UPLOADER



Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #6,876
  • Nov 6, 2016 12:14pm Nov 6, 2016 12:14pm
Quoting lctrader11
Here's what I'm considering to at least start the week U/CAD; Daily TF - Short N/U; Daily TF - Short E/G; Daily TF - Short G/CHF; 4H TF - Short (couldn't decide what to do with the Daily TF, but thought the 4H might afford some PIPs) E/CAD; Daily TF - watching for it to turn first...but expecting to Short maybe tomorrow or Tuesday. Does this analysis resonate with anyone else? So, here's the other question...when to start watching these; wait until Monday at London Open or NY Open...or start watching today at the Asian open. Would the moves on these...
I don't understand why short some of these - is your reasoning that they are at the top BB? They do not seem to satisfy the rules of this strategy,. U/C looks like a shooting star, so that makes sense. G/CHF had a huge engulfing candle on H4, and then in a flat correction, so you cannot assume that it will go down more, before going up again G/CHF on daily looks like at the bottom, and had an engulfing candle on daily, so I would go long there..
  • #6,877
  • Nov 6, 2016 12:14pm Nov 6, 2016 12:14pm
Quoting shimmering
{quote} This is the only one I have found, as per instructions on where to find it. http://prntscr.com/d3wrn1 If you attach the one you have been testing, I could then be looking at the same one as you.
Shimmering,
If you go to Post # 6863, you will see the picture I posted with the menu bar at the top identifying Tony-FX's EA (DailyTradingUsingSMA.ex4). As I type this, the 2 files you need are 7 files down from the top of the paperclip (there is the EX4 file and then the template file as well).
  • #6,878
  • Nov 6, 2016 12:23pm Nov 6, 2016 12:23pm
Quoting Erebus
{quote} WOW, he told you where to look, now we have to tell you how to look ' Click the heading to sort by NAME or UPLOADER {image}
Listen, I was told that it was on Oct 30!
  • #6,879
  • Nov 6, 2016 12:36pm Nov 6, 2016 12:36pm
Quoting lctrader11
Shimmering, I hope this comes thru. FX-Flux's EA is listed in the paperclip at the top of the page just like you were instructed to find Tony-FX's files. His is called MA CROSSING DAILY. ** Mind you, I'm experimenting with the settings. I hope I'm interpreting the values correctly. Sometimes in MT4, the PIP values in the dialog boxes are 1/10th of what is listed. MaxSlippage value is still puzzling to me. I'm not sure if that is 3 PIPs or what...it seemed with this set, that PA went past my TP and did not close the trade. During the 5M experiment,...
thank you, I found the EA you have. Do you test it on "Every tick" and on daily TF?
  • #6,880
  • Nov 6, 2016 12:49pm Nov 6, 2016 12:49pm
Quoting lctrader11
Shimmering, I hope this comes thru. FX-Flux's EA is listed in the paperclip at the top of the page just like you were instructed to find Tony-FX's files. His is called MA CROSSING DAILY. ** Mind you, I'm experimenting with the settings. I hope I'm interpreting the values correctly. Sometimes in MT4, the PIP values in the dialog boxes are 1/10th of what is listed. MaxSlippage value is still puzzling to me. I'm not sure if that is 3 PIPs or what...it seemed with this set, that PA went past my TP and did not close the trade. During the 5M experiment,...
I input the same values as you, http://prntscr.com/d3xa1j and tested using "every tick", and daily TF. Here is the result http://prntscr.com/d3xaw1
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