Finish Trading London session..
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- #4,303
- Edited 10:55am Jan 5, 2017 7:51am | Edited 10:55am
I am sharing two PINS I am working on.
The first of these (EAX_PIN_BBands) might be of use to those interested in reversal strategies (e.g. to trade a Bollinger Band reversal). You can also use this pin in Breakout mode.
The second (EAX_PIN_ADX) is a simple ADX threshold/crossing detector which you can use for trend following strategies such as Wilder's ADX.
Both of these are Indicators ... so put them in your Indicators folder and you can attach them to the same chart as the...
Glad to see new toys to play with....
Have you already read the #Post 1 of this thread yet?
- #4,309
- Edited 5:28pm Jan 5, 2017 5:18pm | Edited 5:28pm
{quote} If I am not mistaken, RS and CCI are positive, so the normal or "not reversed" signal should be a "buy". So, the "reversed" signal is still a "sell", and this is what the Dashboard shows, a "sell" signal. You have already a "short" position, so the signal you get from the Dashboard is not an opposite signal. Your position cannot be closed, because you get a confirmation of the short. But the Dash cannot open a new short because you have selected "only one trade per symbol" (you have already one opened) and "only add in profit" (your position...
If CCI and RS shows Buy - EAX enters a sell Position and it's OK
If RS (Close button Active) gives Sell Signal (Opposite Signal from the entry signal) - It should close the current open trade as opposing signal is given (Remeber the close signal button is active on RS)
[Edit] I was able to get an example. Take a look on USDJPY pair:
It entered a Short trade as CCI and RS both signals were UP - OK
At the time the ScreenShot was taken RS already showed a Sell Signal, but the trade was still open. (Closing button on opposing signal selected, It should close the trade as it's opposing signal from the opening signal)
I hope this print is clear on what I am saying
Best Regards!
- #4,316
- Jan 6, 2017 8:43am Jan 6, 2017 8:43am
- Joined May 2014 | Status: Trader | 4,735 Posts
Take what you can, give nothing back
- #4,317
- Edited 2:36pm Jan 6, 2017 9:06am | Edited 2:36pm
If CCI and RS shows Buy - EAX enters a sell Position and it's OK
If RS (Close button Active) gives Sell Signal (Opposite Signal from the entry signal) - It should close the current open trade as opposing signal is given (Remeber the close signal button is active on RS)
It entered a Short trade as CCI and RS both signals were UP - OK
At the time the ScreenShot was taken RS already showed a Sell Signal, but the trade was still open. (Closing button on opposing signal selected, It should close the trade as it's opposing signal from the opening signal)
I hope this print is clear on what I am saying
{quote} You say that you entered a short trade with USDJPY. Well, sorry if I dont grasp the situation clearly, but I see a long trade in your screenshot! A long trade in loss, but a long trade. Look at the headers of the columns.
The highlighted trade is LONG, you have RS exit on opposite, and Reverse (overall), so while RS shows SHORT signal, it will look to close SHORT orders.
The Reverse (overall) feature, to be coherent, reverses not just entries, but exits as well...
Cheers!
Have you already read the #Post 1 of this thread yet?
- #4,318
- Jan 6, 2017 9:51am Jan 6, 2017 9:51am
- | Joined Nov 2013 | Status: Trader | 1,135 Posts
{quote} {quote} {quote} {quote} {quote} {quote} Please be aware that posting only results with no clues means nothing but a selfish behavior, something nobody want to see happening here. I do really hope you are not that kind of being and therefore, review your way of contribution to not be seen as an outsider... Cheers!
