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Trending is one way to trade... Consolidation is another

  • #41
  • Jan 9, 2017 10:20am Jan 9, 2017 10:20am
Quoting jiva34
{quote} Thanks for Tradesway... There is a way they can get around the fifo and no hedge. they make arrangements on their end to record the trades differently. I'll take alook. am using Oanda for now. That would change a lot to get rid of the fifo and no hedge. EURP|JPY trades very duiffetnely. Smaller ATR's. They all trade a little differently. EURUSD is the most popular. Right now I'm stuck in EURUSD from a few days ago. The ea took some short positions at the bottom of the retracement. No telling how long it's be tied up. Ho hum...
----------------------
eurusd closed after $95 profit range reached, and audusd closed with around $15 profit ( this pair reached daily average range).

Will start again at Asian or Europe sessions.
Thanks!
RSwamy
  • #42
  • Jan 9, 2017 10:22am Jan 9, 2017 10:22am
Quoting rswamy4449
{quote} ---------------------- eurusd closed after $95 profit range reached, and audusd closed with around $15 profit ( this pair reached daily average range). Will start again at Asian or Europe sessions. Thanks! RSwamy
  • #43
  • Jan 9, 2017 10:39am Jan 9, 2017 10:39am
Quoting rswamy4449
{quote} -------------------------- Jiva, eurusd reached to $34 profit range,audusd still around $15 range. Absolutely, market timing is very important. I attached EA after 2 hours of daily open, and that time JPY was in trend. The problem I faced was EA did not take trades on jpy pairs in time (except usdjpy)and before euro session pairs already reached daily average range, and reversed the trend. I also live here in US (Louisiana). Recently opened live account at Tradersway.com and they do allow hedge. For some more time, will concentrate on fishing...
Just heard back from Tradersway. You right... no FIFO and hedging allowed. Wahooo..
Thanks so much.
Anyone else out there feeling crippled by US regulations.... check out Tradersway...
https://www.tradersway.com/
  • #44
  • Edited 5:41pm Jan 9, 2017 1:31pm | Edited 5:41pm
It's not tick data.... but it is historical data going back to 2000 for 66 pairs
and it's free. It's the 1 min data but all the other time frames will build on it... once it loads.
download the zip file for the pair and year you want...it will have the csv file in it.
It's easy to load csv data into mt4 (if it is in the correct format) which is it here at this site.
open tools.
click on history center
choose the pair
then click on the 1 min data.
Import the 1 min csv file
And voila there it is.
All the way back to 2000 if you want to load all the csv files. One for each year.

Tick data is 99% accurate but it is a real battle to get it set up.
1 min data is good enough for what I will be doing.
http://www.histdata.com/download-fre...ute-bar-quotes
  • #45
  • Jan 9, 2017 5:55pm Jan 9, 2017 5:55pm
Quoting jiva34
{quote} Just heard back from Tradersway. You right... no FIFO and hedging allowed. Wahooo.. Thanks so much. Anyone else out there feeling crippled by US regulations.... check out Tradersway... https://www.tradersway.com/
Jiva, now I know many us citizens are using using this broker.
So far, seems to be customer service is really nice.
spreads are really tight. hope you like this broker. When you open demo select ecn account. with live account, they do add equal amount under the present promotion.
regards,RSwamy
  • #46
  • Jan 9, 2017 9:21pm Jan 9, 2017 9:21pm
Quoting rswamy4449
{quote} Jiva, now I know many us citizens are using using this broker. So far, seems to be customer service is really nice. spreads are really tight. hope you like this broker. When you open demo select ecn account. with live account, they do add equal amount under the present promotion. regards,RSwamy
FXDD used to be able to do this for US citizens but they stopped.
Many brokers won't even taken a US citizen at all.
So yeah, thank you...
They look really upbeat. All the bells and whistles.
Have nagging feeling that when I finally do get up and running... the whole darn system will crash from all the debt...
and there won't be any currencies at all. Just some single world currency or something.
  • #47
  • Jan 9, 2017 10:31pm Jan 9, 2017 10:31pm
Quoting jiva34
{quote}
------------------------------------------------------
Eurusd still continuing yesterday's Europe session uptrend (Buy). Hope this trend continue until Europe session or so.
So far, made little more than $5.00.
RSwamy
Attached Image (click to enlarge)
Click to Enlarge Name: Fishing-EA-EURUSDiM5.png Size: 31 KB
  • #48
  • Jan 10, 2017 6:56am Jan 10, 2017 6:56am
Okay. I'm going to take this one on.
I understand what he is doing basically.
Just have to get down the details of how to do it in his ea.
If you're a newby this will be a bit much for you.
I won't be a able to try to explain things.
You just need more experience.
So thankful for finding a broker that allows hedging.
I suggest checking out the tutorials first. This may not be something you want to try right now.

Download
https://www.bestforexeas.com/grid-harvester-ea/
Tutorials
http://tradecraft.pl/grid/
  • #49
  • Edited 9:26am Jan 10, 2017 7:25am | Edited 9:26am
Here's something useful..
For testing
download Mt5... It is much faster and more accurate data.
Then when the optimization and tests are satisfactory copy the settings into Mt4.
Mt5 Grid harvester download.
https://www.mql5.com/en/market/product/2760
and a zip file "how to manual"
Attached File(s)
File Type: zip PDF_Grid_Harvester_5_20.zip   463 KB | 316 downloads
  • #50
  • Jan 10, 2017 10:32am Jan 10, 2017 10:32am
Quoting abokwaik
Quickly translated version {file} {file}
Abowaik: hi!
Is it possible to add stop loss below 3SMA of daily Candle.
I always admire your work on this forum.
Thank you!
RSwamy
  • #51
  • Jan 10, 2017 10:38am Jan 10, 2017 10:38am
Quoting rswamy4449
{quote} Abowaik: hi! Is it possible to add stop loss below 3SMA of daily Candle. I always admire your work on this forum. Thank you! RSwamy
Which expert? You could probably find another expert somewhere for free that would do that. Have them both running just on different charts. Not sure if the fishing ea would recognize a trade it did not open though.
  • #52
  • Jan 10, 2017 11:03am Jan 10, 2017 11:03am
Quoting jiva34
{quote} Which expert? You could probably find another expert somewhere for free that would do that. Have them both running just on different charts. Not sure if the fishing ea would recognize a trade it did not open though.
Jiva, hi!
Abowaik posted translated version (input values) on post 29.
Looks like, this EA fits my style. Only need stop loss based on daily candle (below 3sma -as you have proposed). In this plan, My risk is defined to one daily candle.
I do not know where to find another EA like this, rather have Stop loss function to it.
My yesterday eurusd trade(buy) currently running with -around $46 loss.
Still daily candle(using heikenahi) still bullish.
thank you!
RSwamy
  • #53
  • Jan 10, 2017 11:57am Jan 10, 2017 11:57am
Quoting rswamy4449
{quote} Jiva, hi! Abowaik posted translated version (input values) on post 29. Looks like, this EA fits my style. Only need stop loss based on daily candle (below 3sma -as you have proposed). In this plan, My risk is defined to one daily candle. I do not know where to find another EA like this, rather have Stop loss function to it. My yesterday eurusd trade(buy) currently running with -around $46 loss. Still daily candle(using heikenahi) still bullish. thank you! RSwamy
Running a search in google for something like "mt4 expert candle stop" should pop up a bunch of stuff. Good luck.
I'm still stuck in the EURUSD with shorts at the bottom while it retraces.
Meanwhile it very educational studying these experts.... the logic of their strategies, etc.
They all try to address the same things we all run in to. Buying the top, selling at the bottom, identifying trend or consolidation. etc etc and they all have their different ways to reduce risk and loss.
  • #54
  • Edited 3:06pm Jan 10, 2017 12:07pm | Edited 3:06pm
Sometimes I just have to look around out there and take a break from what I was working on to begin with..
The Fishing ea.
I'm back.
I love the simplicity.
and the fast pace set up on the 15 EURUSD
Here what I am setting up now.
Using the sma3 shift 1 and the lwma 3 on the day candles
Mark if they cross at the end of the day.
Then set the lot size to favor the direction of the cross.
For example... If it is up buy would be .02 and sell would be .01
Also adjust the tp.
For .01 tp is 1
for .02 tp is 2
Don't worry about trend. I can compensate by adjusting position size differently for buy and sell.
I'm testing this out so the settings will most likely change.
In an up trend that would catch some of the pull backs for profit as well as re-entry.
So the positions are not either or, all or nothing... they are instead... more and less. Softens things a bit.
Set the ea up on the 15 min using the setting in the window.
this was run $1000 for a month. still testing it for the long haul...
but this is the pace and action I would want...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd-d1-triple-a-investment.png Size: 176 KB
Click to Enlarge Name: TesterGraph.gif Size: 10 KB
Attached Image
  • #55
  • Edited 8:42pm Jan 10, 2017 8:22pm | Edited 8:42pm
You'll get dizzy trying to follow me. I'm dizzy myself.
But here's another one.
It's a hedging expert.
I've optimized it for 15...
It dropped off on the end because it ran out of data...
about $1000 profit for 4 months. starting with $5000. .01 and graduating position sizes.
Not clear the strategy just that it hedges and seems to do pretty well.
Okay I get it.
It locks in to whatever profit is set until it reaches it by opening positions at set steps only higher or lower than the initial position which is totally arbitrary.
It can take quite a while sometimes and certainly sufficient margin.
But sure to never have a loss. Broker fees and financing charges and swap could eat away at any profits if it takes long time.
Attached Image (click to enlarge)
Click to Enlarge Name: TesterGraph.gif Size: 13 KB
Attached File(s)
File Type: mq4 Locker.mq4   7 KB | 271 downloads
  • #56
  • Jan 11, 2017 6:23am Jan 11, 2017 6:23am
Quoting rswamy4449
{quote} ---------------------- eurusd closed after $95 profit range reached, and audusd closed with around $15 profit ( this pair reached daily average range). Will start again at Asian or Europe sessions. Thanks! RSwamy
Hi friend... take a look at this... be careful
http://www.forexpeacearmy.com/commun...scammer.21954/
  • #57
  • Jan 11, 2017 7:47am Jan 11, 2017 7:47am
Instead of multiple positions in a grid on a single pair.
How about using a moving average that favors a direction and placing trades on 4 pairs?
This is the just super simple expert that mt4 gives in their example list... I can get "fancy" later.
Wait for a net gain and close everything.
Using this ea.
Attached File(s)
File Type: ex4 Close at Profit Target v1.1.ex4   17 KB | 222 downloads
File Type: mq4 Moving Average.mq4   5 KB | 220 downloads
  • #58
  • Jan 11, 2017 8:18am Jan 11, 2017 8:18am
Quoting jiva34
{quote} Hi friend... take a look at this... be careful http://www.forexpeacearmy.com/commun...scammer.21954/
Jiva, hi!

Thank you informing me about forex peace report.
I know this company is located in Dominca, and in business for a while now.
On Steve forum number of Traders are using this broker, including the withdrawls.
Anyway, I have little money deposited on this broker.
Any such things i am prepared for it.
Thanks!
RSwamy
  • #59
  • Jan 11, 2017 8:24am Jan 11, 2017 8:24am
Quoting jiva34
Instead of multiple positions in a grid on a single pair. How about using a moving average that favors a direction and placing trades on 4 pairs? This is the just super simple expert that mt4 gives in their example list... I can get "fancy" later. Wait for a net gain and close everything. Using this ea. {file} {file}
---------------------
Jiva,
These 2 EAs need use together?

One for to open the trade another for close it,that will complicate things.
Thanks!
RSwamy
  • #60
  • Edited 9:05am Jan 11, 2017 8:41am | Edited 9:05am
Quoting jiva34
Sometimes I just have to look around out there and take a break from what I was working on to begin with.. The Fishing ea. I'm back. I love the simplicity. and the fast pace set up on the 15 EURUSD Here what I am setting up now. Using the sma3 shift 1 and the lwma 3 on the day candles Mark if they cross at the end of the day. Then set the lot size to favor the direction of the cross. For example... If it is up buy would be .02 and sell would be .01 Also adjust the tp. For .01 tp is 1 for .02 tp is 2 Don't worry about trend. I can compensate by adjusting...
-----------------
Jiva,

So far I like fishing EA, though so many trades on single pairs, scary.

On my demo, now USDJPY pair is running with little more than $375 profit range and where as EURUSD running with around $225 loss.
These two pairs are hedging with each other.
If able to control the number trades, this EA seems more practical.
Of course one can do it by increasing the pip step, and or after reaching desired numbers, deactivate it.
Thanks!
RSwamy

PS: USDJPY reached to $972 profit, where as EURUSD is at about negative $414
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