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LinkBack (51) | Thread Tools | Display Modes |
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Thanks because the bottom is a different indicator. It's the ToR indicator, found here: ToR 1.02 - Trending or Ranging
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Enforcer, OpenOnTick is not working, I think you just disabled it. Can you please enable it for me. I cannot test my Break-Out strategy. Now when ReverseDirection=false there is no difference if OpenOnTick=0 or =1, The orders are being placed in wrong way: 1st - 0.1 lot, 2nd is in worse position but the lots are 0.2, 3rd is in more worse position than 2nd but the lots are 0.3 and etc. It mean OpenOnTick not working now. Thanks in advance.
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Quote:
About templates and fancy indicators, they are ok for manual trading, what I need is something that feed data for automatic use. Anyway, more likely we need a combination of indicators. |
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I was thinking about this some time ago, but there is a problem.
It may be beginning of a trend and keep positions open may lead to great profit, but many times is just a retrace big enough to save our a$$, so, in this case, keeping positions open is suicide.. How to tell when is a situation or other? |
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I suggest,for example, instead of takefrofit 1 or 2 dollars, we input take profit of 2 or 3 dollars and trailing profit set to true and trail percentage of profit set to 50%, so, nothing is changed much in take profit, so, if the trend is in our favour, profit will be trailed, otherwise, if that is a retrace only, the trail profit percentage will lock and close all trades with our minimal take profit (50% of 3 dollars). So, even if that is a retrace or change of new trend, both way we are protected, please suggest if you see anything good or bad in this idea. If we are very coservative we can even set the trailing profit percentage to 90%. Thanks.
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Last edited by sivach; 05-02-2008 at 02:10 PM. |
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Thanks Enforcer, Really this will give pipmaker a new boost not just only in profit take, - weather you use reverse signal or any other variation of pipmaker, but also in reduced progression, I truely believe that. Looking forward to your valuable help.
![]() Last edited by sivach; 05-02-2008 at 02:18 PM. |
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