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Simplicity is the Ultimate Sophistication

  • #321
  • Edited 1:17am Apr 3, 2017 1:03am | Edited 1:17am
Ea has placed pending orders @
Buystop : 1.06900
Sellstop : 1.06700
  • #322
  • Apr 3, 2017 1:05am Apr 3, 2017 1:05am
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5 0304.png Size: 33 KB


Euro may go down, I would prefer
  • #323
  • Apr 3, 2017 1:15am Apr 3, 2017 1:15am
Sellstop has been triggered.

A short order starts running. Ea has deleted buystop order and set tp & sl values that are written below.

Order open price : 1.06699
Tp : 1.06592 (order open price - 10 pips - commission)
Sl : 1.06842(order open price + 15 pips - commission)

Commission : 0.7 pips
  • #324
  • Apr 3, 2017 1:48am Apr 3, 2017 1:48am
If price hits 1.06612 (order open price - 8 pips - commission) , ea will move stop loss to break even (order open price - commission = 1.06692)
  • #325
  • Apr 3, 2017 2:47am Apr 3, 2017 2:47am
Price hits 1.06612, ea has moved stop loss to break even
  • #326
  • Apr 3, 2017 2:51am Apr 3, 2017 2:51am
Price hits Tp. Done for today
  • #327
  • Apr 3, 2017 4:53am Apr 3, 2017 4:53am
Today sell stop @1.0670
TP @ 1.0660
open 2 trade at 1.0670, take profit done for the first trade,
the other trade ended +1.

Done for today.
Attached Image (click to enlarge)
Click to Enlarge Name: 03-4-2017.png Size: 37 KB
  • #328
  • Apr 3, 2017 5:03am Apr 3, 2017 5:03am
Quoting grandaevus
Price hits Tp. Done for today
good trade today
  • #329
  • Apr 4, 2017 1:00am Apr 4, 2017 1:00am
Buystop @ 1.0680
Sellstop @ 1.0660
  • #330
  • Apr 4, 2017 1:06am Apr 4, 2017 1:06am
Sellstop has been triggered. A short order starts running.
  • #331
  • Apr 4, 2017 1:10am Apr 4, 2017 1:10am
Quoting grandaevus
Sellstop has been triggered. A short order starts running.

I keep asking the same question, just because so far i've never had to actually do it!

if SL is hit at 1.06750, we place 2 new pending orders - 1 sell stop at 0700, 1 buy stop at 0800 right?
  • #332
  • Apr 4, 2017 1:26am Apr 4, 2017 1:26am
Quoting Timnyman94
{quote} I keep asking the same question, just because so far i've never had to actually do it! if SL is hit at 1.06750, we place 2 new pending orders - 1 sell stop at 0700, 1 buy stop at 0800 right?
Yes, with triple lot size. But I prefer just 1 trade per day with breakeven @ 8 pips.
  • #333
  • Apr 4, 2017 1:30am Apr 4, 2017 1:30am
Quoting grandaevus
{quote} Yes, with triple lot size. But I prefer just 1 trade per day with breakeven @ 8 pips.

Ok! thanks for the answer!

Have you checked, like back tested it with only 1 trade instead of a second one with triple your lot size.. what the different results are?
  • #334
  • Apr 4, 2017 1:40am Apr 4, 2017 1:40am
Quoting Timnyman94
{quote} Ok! thanks for the answer! Have you checked, like back tested it with only 1 trade instead of a second one with triple your lot size.. what the different results are?
Yes, i did. 1 trade per day with stop loss to breakeven @ 8 pips is more profitable.

With leverage 10, you only risk 1.5 of your account balance. If you take the second trade and loose again, your total loss would be 1.5 + 4.5 = 6 % of your account balance.

In order to recover this loss, you need 6 consecutive wins in a row.

Probability of this case is (1/2)^6 = 1/64 = 1.56%
  • #335
  • Apr 4, 2017 2:01am Apr 4, 2017 2:01am
well.. i was taken out +1 "moved at +8".. see how it goes for the rest that's in the trade!
  • #336
  • Apr 4, 2017 2:02am Apr 4, 2017 2:02am
You won't need the enter your commission in ea any more. Next ea version will automatically detect your commission , convert in to pips, and set your tp & sl.
  • #337
  • Apr 4, 2017 2:07am Apr 4, 2017 2:07am
Quoting Timnyman94
well.. i was taken out +1 "moved at +8".. see how it goes for the rest that's in the trade!

Still in the trade. Since i pay 7$ per 1 standard lot, my breakeven point is = 1.0660 - 8 pips - 0.7 pips = 1.06513

Price hit 1.06523 and returned back. Your trade shouldn't be closed out either.

Are you trading manually or using ea?
  • #338
  • Apr 4, 2017 2:12am Apr 4, 2017 2:12am
Quoting grandaevus
{quote} Still in the trade. Since i pay 7$ per 1 standard lot, my breakeven point is = 1.0660 - 8 pips - 0.7 pips = 1.06513

So you were 6 micro pips from hitting 8 pips haha! close one! "according to my broker"

7$ per 1 standard lot.. so 0.7 spread is what you're saying? damn.. should look at another broker :O! way to high haha!
  • #339
  • Apr 4, 2017 2:15am Apr 4, 2017 2:15am
Quoting Timnyman94
{quote} So you were 6 micro pips from hitting 8 pips haha! close one! "according to my broker" 7$ per 1 standard lot.. so 0.7 spread is what you're saying? damn.. should look at another broker :O! way to high haha!
What is your broker? Mine is icmarkets. Max spread is 0.1 pips
  • #340
  • Apr 4, 2017 2:19am Apr 4, 2017 2:19am
price has hit my breakout point @ 1.06513. Stopp loss has been moved to break even = order open price - commission = 1.06593.

Tp @ 1.06493 = order open price - 10 pips - commission = 1.06493
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