Very promising system and great work!
Thank you friend!.
Thank you friend!.
CCFp weekly signals (set and forget basket trading)
- #43
- Jan 30, 2017 1:00am Jan 30, 2017 1:00am
- | Commercial User | Joined Jul 2016 | 1,354 Posts
Goal of a successful trader is to make the best trades. Money is secondary
- #45
- Jan 30, 2017 1:02am Jan 30, 2017 1:02am
- | Commercial User | Joined Jul 2016 | 1,354 Posts
Goal of a successful trader is to make the best trades. Money is secondary
- #49
- Jan 30, 2017 1:15am Jan 30, 2017 1:15am
- | Commercial User | Joined Jul 2016 | 1,354 Posts
Goal of a successful trader is to make the best trades. Money is secondary
- #50
- Jan 30, 2017 1:19am Jan 30, 2017 1:19am
- | Commercial User | Joined Jul 2016 | 1,354 Posts
Goal of a successful trader is to make the best trades. Money is secondary
- #51
- Jan 30, 2017 1:29am Jan 30, 2017 1:29am
- | Commercial User | Joined Jul 2016 | 1,354 Posts
Goal of a successful trader is to make the best trades. Money is secondary
- #53
- Jan 30, 2017 1:34am Jan 30, 2017 1:34am
- | Commercial User | Joined Jul 2016 | 1,354 Posts
Goal of a successful trader is to make the best trades. Money is secondary
Greetings, I have searched the net for an EA that allows one to place the TP or SL in pips versus $. No success so far. To myself this would be a more flexible way to achieve good money management, just changing the lot size to reduce or increase risk, and keeping the 500 pips TP and 200 pips SL per the first entry in this thread. The Dash Fibo EA just says 500 and 200 on the TP and SL. I assume that is in $, am I correct? Does anyone have a basket EA for TP and SL in pips? Thanks
Forgive for my English!
- #58
- Edited 7:41am Jan 30, 2017 1:55am | Edited 7:41am
- Joined Nov 2008 | Status: Trader | 4,830 Posts
Awesome approach!!!. I Love long term set and "sort of" forget. Lets say this is more like set/forget/monitor profit 
.
I wrote up a very simple Monitor EA. Just place the EA on the EURUSD M1 along with the CCfp Weekly indicator and select your lotsize and make any adjustments to the stop targets. The defaults are 500 profit, 200 stop. This EA will wait till london open of the first day of week to open trades on the pairs that are indicated on the chart. The EA will stop trading if either of the pip stops get hit. The EA will refresh the following week and start looking for the next london open to trade whatever pairs are called out on the chart. The indicator must be running on same chart with EA, otherwise EA will do nothing.
I placed a display that shows current % gain etc. If it is in the way let me know and I will add an input to remove it.
Also I added and escape which closes immediately ALL trades and stops the EA from continuing. Say for example you are away and have cell phone access to the MT4 app. You then see that you REALLY need to close all trades. Just place a pending buy order on EURUSD that has the stop entry price greater than 50 pips. Once you place that order the EA will close all trades (including the pending order) and stop from trading till next week or whenever you take over.
I know, this EA is not really necessary since it is a once a week deal, but like I said, you still need to keep an eye on it. Keep an eye on the profit that is.
I won't be up when London Open comes around, if the EA works properly it will make the trades according to what the ccfp indicator calls out.
Anyhow please run it on demo, there may be bugs that need to be fixed. I turned it on myself and will be monitoring it from time to time.
I am using a 200:1 leverage broker. Starting balance $500. Will use .01 lots. So my risk is -5% and gain is 10% for the week.
Enjoy:
JEss
EDIT:
I have updated the EA. This version does work and is the same as the version that is posted in my later post.
.I wrote up a very simple Monitor EA. Just place the EA on the EURUSD M1 along with the CCfp Weekly indicator and select your lotsize and make any adjustments to the stop targets. The defaults are 500 profit, 200 stop. This EA will wait till london open of the first day of week to open trades on the pairs that are indicated on the chart. The EA will stop trading if either of the pip stops get hit. The EA will refresh the following week and start looking for the next london open to trade whatever pairs are called out on the chart. The indicator must be running on same chart with EA, otherwise EA will do nothing.
I placed a display that shows current % gain etc. If it is in the way let me know and I will add an input to remove it.
Also I added and escape which closes immediately ALL trades and stops the EA from continuing. Say for example you are away and have cell phone access to the MT4 app. You then see that you REALLY need to close all trades. Just place a pending buy order on EURUSD that has the stop entry price greater than 50 pips. Once you place that order the EA will close all trades (including the pending order) and stop from trading till next week or whenever you take over.
I know, this EA is not really necessary since it is a once a week deal, but like I said, you still need to keep an eye on it. Keep an eye on the profit that is
.I won't be up when London Open comes around, if the EA works properly it will make the trades according to what the ccfp indicator calls out.
Anyhow please run it on demo, there may be bugs that need to be fixed. I turned it on myself and will be monitoring it from time to time.
I am using a 200:1 leverage broker. Starting balance $500. Will use .01 lots. So my risk is -5% and gain is 10% for the week.
Enjoy:
JEss
EDIT:
I have updated the EA. This version does work and is the same as the version that is posted in my later post.
Our AWESOME IMAGINATION is the true holy grail!