Same

Central Banks & Big Players

London opening: the only reason why I secured some profits was because I entered wrong 0SL.

Central Banks & Big Players

A'ight Tomorrow is filled with new chances, folks: Frankfurt, London and NY openings + CB Consumer Confidence. I cannot screen the NY opening because of an appointment with the dentist. Anyway, my take on this high reward to risk strategy ...

Central Banks & Big Players

I will make it a habit openly to admit the mistakes I make. Today's mistakes: I forgot to adjust to 0SL on the London opening, but I was lucky enough to capture 6 pips. I lost some pips on the New York opening. Why? I didn't treat my trading as a ...

Central Banks & Big Players

My mistake. I will edit my posts so I do not confuse other people seeking for answer. When you go long with 100 000 units (one standard lot) in GBPUSD you do not buy 66667 GBP for 100 000 USD. You buy 100 000 GBP for 150 000 USD. When GBPUSD = ...

Position size calculations, pip values, please help me understand

Remember that: Stop Loss * Pip Value = Amount Risked With a USD 5 000 account and 1 % risk, amount risked is USD 50. With a stop loss of 100 pips, you need a pip value that satisfies: 100 * Pip Value = USD 50, i.e. Pip Value = USD 0.5. Since the ...

Position size calculations, pip values, please help me understand

Say GPBUSD = 1.5000 (exchange rate). It's your exchange thinking which is wrong. When you go long in GBPUSD you buy GBP and sell USD @ 1.5000, not 1/1.5000. Likewise, when you short GBPUSD you sell GBP and buy USD @ 1/1.5000. Pip Value = (Pip ...

Position size calculations, pip values, please help me understand

I had my first trade with this system now on London open. I entered short on EURUSD after the initial candle was down. I entered at 1.29469 and exited at 1.29409 securing a 6 pips profit. Also, I forgot to adjust to 0SL.

Central Banks & Big Players

Yes. This will be the first forex strategy I will test seriously. So the next week my plan is to screen/trade (as far as money management allows me) every London, Frankfurt and New York opening as well as these high impact events: New Home Sales on ...

Central Banks & Big Players

Have you checked for high impact events (report releases, unemployment statistics, economic indices etc)? I am going to forward test this strategy on a demo account starting tomorrow.

Central Banks & Big Players

Allrighty; thank you!

Central Banks & Big Players

Does reaching 0SL mean we gradually adjust the initial stop loss to 0 pips?

Central Banks & Big Players

If that is the case then you're probably better off with sangmane's approach My code copies AND writes/reads the file every time. Unless you're not comfortable with using file functions other than MT's, then sangmane's code should be faster.

How to write to other directories in mt4

Here is a way to do it: Write to the file using standard MT functions. Call an external application that copies the output file to whatever path you specify. Call this application using ShellExecute provided in Windows' Shell32.dll Whenever you need ...

How to write to other directories in mt4

You could always make a DLL which does that. :nerd:

How to write to other directories in mt4

Yes, that's true. I forgot about stealth stop loss.

Absurd EA to make a trade every minute! Help Please!

Remember that brokers typically have a minimum pip count which your stop loss has to deviate with from the price. To receive this value call MarketInfo(Symbol(), MODE_STOPLEVEL). :nerd:

Absurd EA to make a trade every minute! Help Please!

Working with global variables requires that you use the global variables funtions. If you are unsure, just press F3 when you have MT opened and check the list. :nerd:

Does restarting MT4 reset the EA flags?

Good posts by M.A.C.Doug and Calulated Risk. I wrote a lesson on compound interest which is relevant to this thread.

In FOREX, is 10% return per month good enough?

Be sure to replace ".php" with ".zip" in the dialog window where you choose to name the file you are downloading

THV MTF EA beta testing