- Search Energy EXCH
- ericjschroed replied Jun 24, 2014
Ok, I have to post, not sure if anyone will read it past the first sentence. First of all, humor is very risky in a multicultural environment like this. As Udine's reply indicated he didn't understand what someone else thought was funny, and worse ...
As simple as possible: 00 level trading
- ericjschroed replied Jun 24, 2014
My GJ also hit TS because of larger spread.
As simple as possible: 00 level trading
- ericjschroed replied Jun 23, 2014
I guess what I was asking is do you wait to see how price reacts around DO or do you just place the trades? LO is very close to DO today so if there was no news, would you place EJ buy 138.8 and sell 138.7 and GJ buy 173.7 and sell 173.6? Thanks for ...
As simple as possible: 00 level trading
- ericjschroed replied Jun 23, 2014
Hey, Udine, I was wondering how you think about trading very close to DO at London open like EJ now (except of course news). EJ could be buy or sell. What is your thinking when you see that? Thanks.
As simple as possible: 00 level trading
- ericjschroed replied Jun 22, 2014
I certainly would like to be able to make my trades during Tokyo but that requires a different understanding than London or NY. I was watching EJ and GJ and got 1 loss and 1 BE. I glanced at EA and GA and would have had 2 winners. Then I see someone ...
As simple as possible: 00 level trading
- ericjschroed replied Jun 21, 2014
Yes it has to hit 75 ticks before it sorts, so it should work fine when market is open; it works for me

As simple as possible: 00 level trading
- ericjschroed replied Jun 21, 2014
True, except that my account requires a minimum 0.10 lots so it's a wee bit more expensive to learn!
As simple as possible: 00 level trading
- ericjschroed replied Jun 21, 2014
Well said! That really is the key. I know sometimes when I place a trade, I hear myself saying, "It's ok, it's only demo", or "I'm only risking $20" or something. Dangerous habit to get into! That's why it's good to write down what I'm thinking and ...
As simple as possible: 00 level trading
- ericjschroed replied Jun 21, 2014
You are right that it can get someone going quickly but the only way to really build great trading skills is for them to read what the other successful traders are thinking and doing, and to learn from what others are doing right and wrong. I have ...
As simple as possible: 00 level trading
- ericjschroed replied Jun 20, 2014
P.S. I'm writing this for the people who will never read it, those that are too lazy to read a mere 200-300 page thread, and I don't mean just skimming thru it. If it was 7000 pages I could understand, but if you can't read this whole thread, you ...
As simple as possible: 00 level trading
- ericjschroed replied Jun 20, 2014
Yes if you see brokers increasing spread during normal trading, that's a problem, but you can't stop spreads from increasing during news or extremely slow times. That's just reality. (And why Udine doesn't trade during news.)
As simple as possible: 00 level trading
- ericjschroed replied Jun 20, 2014
Possibly you deleted a right parenthesis? There are 3 lines I see: fm=OrderModify(OrderTicket(),OrderOpenPrice(),ldStopLoss,OrderTakeProfit(),0,CLR_NONE); if(OrderType() == OP_BUY && OrderStopLoss()== 0.0) result = ...
As simple as possible: 00 level trading
- ericjschroed replied Jun 20, 2014
Not sure how you avoided the auto upgrade that mine did, but if you just remove this: ,CLR_NONE and recompile F7, it should be fine, but I don't know with the older MT4.
As simple as possible: 00 level trading
- ericjschroed replied Jun 20, 2014
TS only kicks in after trade is in profit 3.5 pips. Some people do like a TS that starts moving right away but I'm not sure of the effect on this system because I have had at least one trade that nearly hit SL and then reversed to TP.
As simple as possible: 00 level trading
- ericjschroed replied Jun 20, 2014
Uh,... that would be me
. I will start posting next week.As simple as possible: 00 level trading
- ericjschroed replied Jun 20, 2014
I was thinking about posting another indicator I made for that. It watches spread and ADR. You can sort by any column (see notes) and you can have it sort once or repeat. Currently it is set to repeat at 75 ticks. I just added another option to set ...
As simple as possible: 00 level trading
- ericjschroed replied Jun 19, 2014
Yes you are wrong. Sorry, do not get angry... your thinking is correct and your words are correct but the code is wrong. You should not say: void _BreakEvenTrade (double newstop=0) Because you are setting newstop to 0; remove the =0 part if you ...
Journal of a Struggling Trader like You - I am pannet1
- ericjschroed replied Jun 18, 2014
That is your choice, that is why I added that to my version of the EA. The way it functions is to add the commission to BE and TP but not TS. Unless you have a high % of wins, that commission really eats at the profit.
As simple as possible: 00 level trading