Jump to content

phasna

Members
  • Posts

    25
  • Joined

  • Last visited

Posts posted by phasna

  1. Pls remember forex is still a zero sum game (minus spread/comm for broker ) it's nt possible for everyone 2 win, someone has 2 lose 4 u 2 win, today the target is wall street tomrw it may b fgb

     

    Holy lord you guys... this is ludicrous. I co-manage a $75 Million fund 60% invested in spot FOREX and there is no way on god's green earth that a bunch of retail FOREX traders, trading a robot on a retail platform are going to influence what Institutions are going to do with a major FOREX pair... stop the madness. I've dropped 500 lot trades on low volume and haven't even moved the market 1/2 a pip, no way any institutions give a **** about Wallstreet or Forex Growth Bot.

  2. Here's a partial close EA that is from IBFX but educated to work on any MT4 broker. It works great most of the time for partially closing trades and moving stops accordingly. However, sometimes the TakeProfit is completely off, perhaps someone brighter myself can look at the code and make the changes to make the TakeProfit bulletproof.

     

    For Example, 8 times out of 10 hit will hit the takeprofit...say 20 pips in this case, but the other 2 times out of 10 it will only take a 3,4 or 5 pip take profit, even when the market is slow moving, so slippage shouldn't be the issue.

     

    It's great for manual trading and scaling out when it works

     

    http://www.megaupload.com/?d=DZ4AXMC6

  3. ...nice 24 pips today...

     

    Hey phasna, what type of trades do you use (Slingshot, Crossover or Quick Profit)? Or do you use all of them? I noticed that if you use all of them, you get many signals... the wisdom is to pick the best ones. The Quick Profit is really very accurate (around 90%) but you make small amount of pips (5-10) and stop loss is really too large. I use 61.8% fib as a stop loss with this type. I am also thinking about trading this type on 15m or 30m charts in order to get more pips.

     

     

    What did you mean by "if the 34 ema does not confirm, then I up the timeframe to the 15 min chart and stalk the trade there"? Do you wait for 34 ema to start going up (if you want to go long) or down (if you want to go short)? When you go to 15m time frame do you wait for signal there and enter the trade according to that signal (you don't go back to 5m chart)?

     

     

    I actually have used all four (including the free one he sent out as a teaser) and in the end I only use the free version. Where you have to trade with the trend by waiting for a pull backback of the countertrend swing then your signal candle is the stochastic cross while the 34 EMA must have risen from the prior candle (assuming buy trade) Stop Loss is placed under a fib level depending on where the signal candle entry is. I always target the 100% level with the first half and the 161.8% fib with the back half of the trade.

     

    It's similar to the CrossOver but I like using the fib levels rather than the swing high/low for stop placement.

     

    What I mean by "if the 34 ema doesn't confirm" is this... If you are looking to buy on the 5 minute due to a stochastic cross and the price has fallen so far that the 34 ema is no longer rising from the prior candle to the signal candle than I take this as a sign that the price may continue to fall and give me a better entry, but I only take that entry if the rules still apply on the next timeframe. On the 15 min the 34 ema is still likely rising, so I would look for the stochastic cross on that time frame. I will usually use the same fib levels but sometime I change them to a different swing high/low since the 15 min gives more clarity.

  4. Yeah, another trade just came by and I lost 8 pips on gbpusd (it seems that I have no luck with gbpusd today) ... Such is life...Still, I am positive some 20 pips for today.

     

    My observation: counter trend trades with this system are riskier and less accurate... if there is enough room (pips), maybe we should settle for 50% fib retracement as a target for counter trend trades...

     

    Trading with the trend has been much more successful for me as well. I've been trading the method live for 2 weeks and am only having success with taking trades with the trend during the European/USA session overlap. My method consists of looking for trades on the 5 min and looking for the stochastic signal, if the 34 ema does not confirm, then I up the timeframe to the 15 min chart and stalk the trade there.

  5. I'm having a problem across all 5 of my demos, no matter the the lot size, take profit or delta. Each demo runs into the problem on occasion of opening trades until a 100% margin level is reached and then the EA continues to try and open trades (with a popup showing order send failed, obviously due to the lack of margin) each time. I have adjusted the "Max_pair" setting down to 2 thinking this would help stop the opening of additional pairs but the EA will still try and open pairs until 100% margin is hit (7-8 pairs on occasion). Anyone else running into this issue?
  6. I would but they won't download, I can only watch them on the webpage. Weird though... I couldn't access the videos by directly clicking on the module link (the username and password request would pop up). I had to right click and open in a new window for it to work.
×
×
  • Create New...