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- ericjschroed replied Mar 21, 2011
Looks like you got a few good entries. I told you I am using a percent of the ATR for entry trigger and I think I'll do the same for the BE, such as, 1/2 the ATR which varies between 15 and 30 something for most pairs except the EurGbp would be 7! ...
Nb 1.0 trend trade system
- ericjschroed replied Mar 18, 2011
Not different .set files, just another option whether to use fixed BE or percent like my equity options shown below. WOW! Are the markets crazy or what? I get up this morning and nearly every market is set up. As it goes, I got into 2 BEs and 1 loss ...
Nb 1.0 trend trade system
- ericjschroed replied Mar 17, 2011
On this same note, I'm thinking about using a percentage for the BE not a fixed amount since so many pairs have different ranges. Let me know what you think.
Nb 1.0 trend trade system
- ericjschroed replied Mar 17, 2011
I'm still testing but realize that the TMA is 2ATR so 1/3 ATR is only 1/6 the distance. It seems maybe 1/2 ATR or 1/3 of the 2ATR (67%ATR) might be better because price rarely gets that close to the TMA in real time. (sorry for the math class.) ...
Nb 1.0 trend trade system
- ericjschroed replied Mar 17, 2011
Steve's EA is quite complicated and usually he covers the different digit brokers but you may have to add the '0' for that. I just checked his EA and it should correct for 5 or 6 digit brokers. Not sure why your stop is wrong. NB's also make the ...
Nb 1.0 trend trade system
- ericjschroed replied Mar 17, 2011
Also note that Steve's EA uses LWMA, not TMA for the calculation so it doesn't matter which one you're using unless you're entering trades manually. My soapbox here: lose, losing, and loser(s) only have one 'o', not 2. Maybe we should just focus on ...
Nb 1.0 trend trade system
- ericjschroed replied Mar 16, 2011
I think only 1 would have made profit but none would have caught the whole 300. With this system you have to accept smaller, hopefully consistent profits, not home runs.
Nb 1.0 trend trade system
- ericjschroed replied Mar 16, 2011
As far as I know he never coded it. The options I use can easily be incorporated into Steve's EA and I may do that if mine doesn't give me the results I want.
Nb 1.0 trend trade system
- ericjschroed replied Mar 16, 2011
Actually, the good news is, there is a way. With Steve's EA the actual stop is a trader-defined number of pips above/below the recent swing high/low using fractals. My method, unless I learn to understand fractals and trust it, is to use the highest ...
Nb 1.0 trend trade system
- ericjschroed replied Mar 16, 2011
Yeah, I know what you mean. I had someone convert the TMA to use it in Forex Tester so I can test back data in real time, and I still keep getting confused and frustrated. Like, if the 5ma crosses above TMA mid just as price is crossing down, do I ...
Nb 1.0 trend trade system
- ericjschroed replied Mar 15, 2011
Woo Hoo! My first winning trade in a while! I took the EurGbp last night with the auto EA and got a nice trade that hit the opposite TMA. Exactly how Bob described the system and how my first EA would have traded except price never broke the lower ...
Nb 1.0 trend trade system
- ericjschroed replied Mar 14, 2011
Yeah, I'll try the Auto EA because the code looks ok for the manual trader but it doesn't shut down, for me anyway. I had the same thing happen today. Do you consider the TMA Trend indicator (TMACD) when making your decisions? I guess if you use the ...
Nb 1.0 trend trade system
- ericjschroed replied Mar 14, 2011
Hey Sand, I just looked at my trade history and the NZDUSD actually DID stop me out at 3 pips but then it reentered which it shouldn't for the manual EA. Yes, I will gladly share my EA enhancements as soon as I'm sure I know what I'm doing here ...
Nb 1.0 trend trade system
- ericjschroed replied Mar 13, 2011
Hey, SandFX. I used the Manual EA from Steve and got into a NZDUSD trade earlier and was up 30 pips but the SL never moved and when I checked back later I was down -3 pips! So I closed the trade manually and it immediately opened a new trade, which ...
Nb 1.0 trend trade system
- ericjschroed replied Mar 13, 2011
Hey, would you mind posting a quick note here tonight after you look at the charts, and say which ones you're watching? Just to see if I'm seeing the same things. tx
Nb 1.0 trend trade system
- ericjschroed replied Mar 13, 2011
I found some code while working on my personlized EA that only allows 1 trade per bar, which might be helpful if you see that happening. Not sure if Steve's has that protection. When I first started using it a month or 2 ago, I had an issue where it ...
Nb 1.0 trend trade system
- ericjschroed replied Mar 13, 2011
So you actually use the Auto EA and the Manual both? When do you use the Auto EA? And you mentioned before about looking at the H4 but trading on the H1. What do you look for in H4? tx
Nb 1.0 trend trade system
- ericjschroed replied Mar 12, 2011
Yeah, I agree. I definitely want to quit my job for good. I know you can use the MPTM but I have also been doing some coding and will eventually add them to the entry EA, including Automatic Position Sizing! (Whoo-Hoo!) Actually, I've already got ...
Nb 1.0 trend trade system
- ericjschroed replied Feb 14, 2011
Looks like you're using the 15M charts. That won't work for me. Oh, well, I'll wait for Bob's updates. Can't really trade less than 4H unless I don't plan to sleep at all.
Nb 1.0 trend trade system
- ericjschroed replied Feb 13, 2011
Perhaps it's working for you if you can trade the 1H but I can't. Because of where I live, I need to trade the 4H (or even D1 might be an option) unless I can automate it, and Steve's autotrader is still being tested, and Bob ended up taking his ...
Nb 1.0 trend trade system