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Thank you very much for the system Kamper. Thanks go to MP6140 too. With his input and posts I have picked up some new ideas. I'd love to trade like him someday.
I've modified some of your rules a bit Kamper, but I am still tweaking. I will be sure to disclose everything if successful. Here is todays "work" so far trading 1 standard lot on a 10k account.
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Nice observation that, just checked back in time, and if one wanted to trade this on M15 or M30, it saves a bunch of invalid trades. Even on H4 timeframe there are some that will now not be taken and it makes the trades almost 99% safer. Cheers Wayne |
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small bug in that EA
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if u may please do it via global variables, because when MT4 restart it sends another hedge (sometimes only one direction) trades regards |
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I have reposted the EA. Please re-download it at page 11, post#109. I have forward test the EA last night on GBPUSD with a capital of USD500 (make sure you have enough balance to open both trades at the specified lot size), and it opened both successfully. The SELL trade was closed with profit at 0428 GMT this morning but the BUY is still opened as I write this (time now is 0751 GMT). When you attach the EA to the GBPUSD chart, make sure you change the TimeToTrade variable to match your broker's time. Do this before checking the "Allow live trading" button. The EA will open the hedge when the broker's clock matches the TimeToTrade variable. Any other bugs you have spotted, please let me know. Thanks. Last edited by azmel; 01-23-2008 at 06:56 AM. |
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I have forward test the EA last night on GBPUSD with a capital of USD500 (make sure you have enough balance to open both trades at the specified lot size), and it opened both successfully. The SELL trade was closed with profit at 0428 GMT this morning but the BUY is still opened as I write this (time now is 0751 GMT).
================================================== ======= I missed taking the trade at 8PM, EST and took it an hour later ---- both trades closed within an hour if i remember correctly mp but with all the backtesting results coming back, PLEASE try it as a 5 pip hedge --- with that much reduced risk and some time for the idea to prove itself, you can increase the lot size to compensate for the reduced pips ! mp
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Within the great hall at Elfinore stands a wondrous coffer, precisely four cubits square and securely latched against the outside world. Inside that repository, shut away from impertinent eyes, abides many an intriquing trading secret garnered from around the world and over the ages ! As a child, i used to watch from the darkness as the secrets were debated and annotated by the elders. No one there held a single thought of my presence -- BUT I KNOW WHERE THEY HID THE KEY !! |
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Hi Guys
I hope this doesnt upset anyone but am just trying to understand how this thing works. I went long GBP/USD when a red dot appeared at the 8.00am candle this morning(gmt+1 on my broker) The M/T an Hist. were blue(so was float). Price moved down and on the 9.00am candle the red dot now moved to the new candle. What do I do.? On the 10am candle red dot moved again. What do I do? On the 11am candle red dot moved down again, and has continued to move down on every candle up to present time(1400pm gmt +1). At any point looking at the chart I could have entered maybe 4 or 5 times long all the time price is going down. I am now stopped out at -100 pips. Am I missing something? Iknow I am really dumb but just dont understand . Kind regards Geoff |
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chart timeframe please, so i can take a peek but sounds like the H1 -- is that correct ?? mp
__________________
Within the great hall at Elfinore stands a wondrous coffer, precisely four cubits square and securely latched against the outside world. Inside that repository, shut away from impertinent eyes, abides many an intriquing trading secret garnered from around the world and over the ages ! As a child, i used to watch from the darkness as the secrets were debated and annotated by the elders. No one there held a single thought of my presence -- BUT I KNOW WHERE THEY HID THE KEY !! |
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