Hi All,  I love Monday…

There’s nice ‘adjustment’ at the open of this week, from hourly point of view, USDCHF give me more reason to go long, and EURUSD start to go south again..

So, I try to go long with USDJPY… hahahaha…  and I projecting that this USDJPY anomaly may ‘corrected’ this week back to ‘her’ last week open price.

Happy T…[Read more]

Thank You All,…

and keep practicing,

In every businesses including this forex business, the main purpose is to make profit and avoid or recover your losses.

So, if for example you don’t need to use any Technical or Fundamental analysis and just go blindly open your position, there’s only 2 options that will happen next;

First option: Your…[Read more]

Yes Brother, Ideally you need $10,000.- to allow you go long 0.1 lot total active trades very safely.

But, if you play with pairs that already under their parity like NZDUSD, or AUDUSD, then the capital requirement should be less..  and if in the last 15 years history their price never ‘touch’ 0.5000 price value then you could calculate your…[Read more]

Thanks for your contribution.

As already stated several times in this forum, Our baseline for Logic changes/Additions/Contributions are H4 TF’s.

G.

Hi Again,

Most of you already familiar with ‘Time Frames’ or TF for short, and sometime argue each other about which one is the best TF..lol.

While I keep telling you several times, that you are financial traders, which search for profit in ‘money’ not in ‘time’. So, simply you must more concern about ‘Price Frames’ rather than ‘Time Frames’..…[Read more]

You right brother, but mostly traders can’t patiently enough to trade 100 units on Oanda while they have $10.000 equity..

and most of retail brokerages standard account allow minimum lot of 0.01 that mean 0.1 $ per pip.

So, $1000 equity could cover 10,000 pips range. I at least need 3 positions to averaging or valving my first position, then I…[Read more]

Hi Brother, nice to see you again in my thread, and also Big Thank You for Brother @PMMforex for explaining exactly what I do to deal with SL (Stop Loss) that I have my own term of MSYL (Make Sure Your Loss)… lol.

Here is more explanation about this in picture example of USDCHF Monthly Chart;

You ‘see’ my explanation on chart, and judging…[Read more]

My idea of implementing this is the same way as the TrailingStop is implemented.

Both deal with the same functionality of OrderModify(…).

G.

No point in testing the EA for profitability, major things are still missing from the Logic part, and some minor things are still missing from the pre-trade conditions.

Major issues on the Logic Entry/Exit part will be added AFTER the trade pre-conditions part of that EA is fully implemented.

G.

Hi Brother,

Actually that 2 losing trades is because my ‘old eyes’ that wrongly close this 2 positions instead of opposite positions that I want to close..lol, so blame the mouse not me… hahaha..
I believe that there’s no losing positions until you decide to close your floating minus positions, so as long as you have ‘strong margin’ (and…[Read more]

More advanced math reveals the following:

The Mid of Large bars (>2*ATR) reach their MID within max 24 days.

G.

The main idea is to push the TP forward as we are getting close to it, or reduce the TP if we approch trendiness end signal.

G.

Most EA’s are heavilly investing in BreakEven, StopLoss trailing, TrailingStops, etc.

The issue of TakeProfit remains static in most of them, so why not invest in Dynamic TakeProfit according to changing market?

G.

Ok Guys, since I’m here in this thread, and one of our brother asking me by pm, what is my trading style.. ? because he following my threads and I share so many indicators and manual trading systems from candlestick chart to renko chart.. etc,  lol.

So, I should explain that I don’t have permanent trading style, it’s always depend on current…[Read more]

Thank You Brother @Shumway

Hopefully you could active here in our little home, please feel free to contact me if you want to discuss anything related to our hobby

Best Regards

MTH

A function setting an adaptive TP in relation to a given entry price, thus monitoring a certain trade. It’s an EA – what’s the point in something else?

G.

On TakeProfit:

While we wait for the skeleton of our EA to be finished (pre-conditions + Logic), lets discuss a much neglected topic of TakeProfit.

Besides the TrailingStop, once a trade is entered, most EA’s are basically remains static with their SL & TP. BUT the market keeps changing.

Here comes the concept of Dynamic/Adaptive TakeProfit…[Read more]

Hi Brother, Sorry for late reply

Yes, you can’t use  this ‘look up’ higher multi currencies TF indicator in offline chart environment like renko chart, because in MT4  offline chart like renko use special TF file names to store their offline chart data and stupidly MT4 ‘think’ that this name associate with how to ‘framing’ the time.

And b…[Read more]

Std. MT4 OBV is NOT an oscillator, and doesn’t have OB/OS areas.

G.