Up move is still capped by DMA 10 (pink). Breaking up could reach DMA 20 (red). image taken via mobile phone.

Only Gold!

I am just following my weekly analysis as per my post Here.

Only Gold!

That was a great timing.

Only Gold!

I think this is just a removal of weak longs before heading north IMHO.

Only Gold!

Buying Pull Backs was very fruitful this week (as I indicated in my pre-week post) .

Only Gold!

I got busy with my job. and I will get back with new update on coming Saturday.

The Ladder System

you made my day!

Only Gold!

griffinssoul my friend, I see you're always active , Don't you ever sleep . I think you're time is dedicated to trading, isn't it.

Only Gold!

I am working now on allowing the user to enter the first market order and the EA will build the ladder (up or down) based on that. A bit tricky but I am working on it.

The Ladder System

I think I need to improve the first entry method, for example take only long trades while PA is above 20 Day MA... etc.

The Ladder System

No one commented on the Entry order. If you guys have a higher win rate entry method, it will improve performance considerably. Any ideas ?

The Ladder System

Thanks strongtrader. The EA can detect ADR, but ADR wont tell you if you're in trending or ranging market. ADX indicator probably will. But I don't like lagging indicators as they"ll tell you only what happened in the past. I think after ...

The Ladder System

I thought it will do well on EUR/USD, strange. I am aware of the concept of "Sure Fire ForexHedging", and made an EA longtime ago. Its good if you have large account , because it actually a martingale system, so its very risky. As for the trailing ...

The Ladder System

Yes, I said it will have poor performance in ranging pairs. What's your point ?

The Ladder System

Thanks again for your efforts. How did it perform on EUR/USD if you happen to test it.

The Ladder System

Added to wish List on 1st page.

The Ladder System

You are most welcome emmanuel. Your contribution along with other fellows here is highly appreciated. This is a joint effort for the benefit of all, and once we reach a reliable system I will share the MQL Source file here. I will add wish list in ...

The Ladder System

Thank you moncsicsi, great test. Do you have tick data for other pairs, as I mentioned earlier CAD/JPY was in range during this period. Also it might have a bigger spread compared to majors (on my terminal its 6 pips).

The Ladder System

The Profit Target for all orders = Step Size x max number of orders + First Order Open Price. (+)for long trades (-)for short trades). If you are using 100 step size, and 5 max orders. The TP for 1st order is 500, 400 for second order, 300 for third ...

The Ladder System

I believe we have now a working version (for testing only - both back or forward). Note For Forward Testing : If you'll use on multiple pairs (no duplicate pairs) you don't have to change the Magic_Number; However if you want to run multiple ...

The Ladder System