Monday Zone Break Out EA

mirador · Post by **mirador** » Sat Mar 08, 2014 2:32 pm

milanese » Sat Mar 08, 2014 8:34 am wrote:
mirador » Sat Mar 08, 2014 1:21 pm wrote:
Hi,

I need to clarify some things. If the session opens Sunday 21:00 GMT and the London session opens at Monday 8:00 GMT, does it mean the EA will take an 11 hours candle to form the zone.

And then, how much time should be allowed to break the upper or the lower part of the candle after London session opens?

Thanks
The EA should be set, if it was set to finish at 8 am at exp, now to finish at 7 am..8 if your broker uses gmt(+2/+3) like GP
Cheers

Tommaso

... ok but how many hours are in the candle that forms the zone and how many hours the EA waits to see if upper or lower limit is broken.

Initial time settings from Michal in post 1 was start of the Australian session till start of London Session (usually 10 hours) to form the candle, then all week to break limits.

Just trying to understand why the EndZoneDeterminingHour could be different from one pair to an other, specially with XAUUSD.

Thanks again

Post by **milanese** » Sat Mar 08, 2014 2:38 pm

mirador » Sat Mar 08, 2014 2:32 pm wrote:
... ok but how many hours are in the candle that forms the zone and how many hours the EA waits to see if upper or lower limit is broken.

Initial time settings from Michal in post 1 was start of the Australian session till start of London Session (usually 10 hours) to form the candle, then all week to break limits.

Just trying to understand why the EndZoneDeterminingHour could be different from one pair to an other, specially with XAUUSD.

Thanks again

This depends much on the pair, what setting will here the best, you should experiment with different settings..
and the last version is much different from the initial idea, best you will read the entire development thread
http://www.stevehopwoodforex.com/phpBB3 ... =12&t=3224

Cheers

Tommaso

mirador · Post by **mirador** » Sat Mar 08, 2014 4:34 pm

This depends much on the pair, what setting will here the best, you should experiment with different settings..
and the last version is much different from the initial idea, best you will read the entire development thread
http://www.stevehopwoodforex.com/phpBB3 ... =12&t=3224

Cheers

Tommaso

I've read the developpment thread again. Not clear what were the last decisions. I've tried to read the code too but not very good at it. From what I understand, the zone is formed at the opening of the London session. Then if price breaks one zone limit, and all conditions are ok (taille zone, ADR, S/R...) then a trade is open. I don't find the delay to verify the conditions and open a trade. Is it one hour after London session ?

Post by **milanese** » Sat Mar 08, 2014 5:09 pm

mirador » Sat Mar 08, 2014 4:34 pm wrote:
I've read the developpment thread again. Not clear what were the last decisions. I've tried to read the code too but not very good at it. From what I understand, the zone is formed at the opening of the London session. Then if price breaks one zone limit, and all conditions are ok (taille zone, ADR, S/R...) then a trade is open. I don't find the delay to verify the conditions and open a trade. Is it one hour after London session ?

The zone is made from the first x H1 candles after trading start in the the new week. (x is the EndOfZoneDetermingHour. If there will be a breaktout through high/low of this zone( you see the values in the EA info as pending prices) and the other conditions are ok, the EA will open the positions. This could be one secound after, or xx hours after..

Cheers

Tommaso

mirador · Post by **mirador** » Sat Mar 08, 2014 6:41 pm

This could be one secound after, or xx hours after..

Is there a maximum number of hours after ?

Thanks for your patience

Post by **milanese** » Sat Mar 08, 2014 6:47 pm

mirador » Sat Mar 08, 2014 6:41 pm wrote:
Is there a maximum number of hours after ?

Thanks for your patience

No problem, always better to ask as let the things in the dark

Yes, after friday 8 pm servertime the EA wont open, and if there was an breaktout but other conditions aren't ok on that moment the EA will too not open anymore the trade(with the latest one only re-read please http://www.stevehopwoodforex.com/phpBB3 ... 158#p87158)

Cheers

Tommaso

mirador · Post by **mirador** » Sat Mar 08, 2014 6:58 pm

No problem, always better to ask as let the things in the dark
Yes, after friday 8 pm servertime the EA wont open, and if there was an breaktout but other conditions aren't ok on that moment the EA will too not open anymore the trade(with the latest one only re-read please http://www.stevehopwoodforex.com/phpBB3 ... 158#p87158)

Cheers

Tommaso

With my demo accounts with 16 pairs, all orders have be taken on Mondays. I have never seen an order taken on other days of the week. Am I wrong ?

Post by **milanese** » Sat Mar 08, 2014 7:09 pm

mirador » Sat Mar 08, 2014 6:58 pm wrote:
With my demo accounts with 16 pairs, all orders have be taken on Mondays. I have never seen an order taken on other days of the week. Am I wrong ?

depends on markets I have seen taken orders on other days, but will only happen if your Empty4 platform runs 24/24 and 7/7, a platform restart will cancel the pending orders.

Cheers

Tommaso

Post by **milanese** » Mon Mar 10, 2014 1:10 pm

For all who have problems to find out what time is their broker using, Radar has posted a great indicator that will easy give you an answer

http://www.stevehopwoodforex.com/phpBB3 ... =27&t=2234

Cheers

Tommaso

excalibre30 · Post by **excalibre30** » Mon Mar 10, 2014 1:19 pm

Hi Tomaso, sorry. Really confused about the end of zone determining hour. My broker is using GMT -4 afaik. What should I put in there?