Monday Zone Break Out EA

Post by **milanese** » Tue Mar 18, 2014 1:04 pm

tibochina » Tue Mar 18, 2014 12:59 pm wrote:I am attaching a screen shot of the GBP/AUD trade currently running in profit about 140 pips. Notice two trades opened with one moving the SL to BE the other did not. Up 140 pips I would think we would want a SL with maybe 100+ pips of profit locked in at this point in both trades.

You are right, we need a more dynamic calculation the fixed one so far used is clearly not the best, possible...
I am using a dynamic moving Sl concept with the http://www.stevehopwoodforex.com/phpBB3 ... =21&t=3482, if you want to take a look, I will something simil use without partcloses code in the next version..

Cheers

Tommaso

desmondc · Post by **desmondc** » Wed Mar 19, 2014 7:03 am

tibochina » Mon Mar 17, 2014 1:18 pm wrote:EA worked beautifully this morning opening 12 trades. So far so good......

Tibo.. what are the pairs you are testing and the dates? Would like to see if i can get the same stats.

Post by **tibochina** » Wed Mar 19, 2014 10:23 am

Tommaso suggested I run All AUD and JPY pairs. I have 11 pairs set up. GBP/AUD, EUR/AUD, AUD/CAD, AUD/CHF, AUD/USD and all JPY pairs with the exception of NZD/JPY. H1 time frames with default settings. Platform runs 24/7. I set my spread settings about 25% larger than my broker's spreads on each pair. I hope this is helpful.

Post by **milanese** » Wed Mar 19, 2014 6:27 pm

Hi all,

here comes an important update, the newest version, no uses a moving SL function, that moves the SL according to the moviments of the price in the last 8 hours, so the SL moviments in win are much more dynamic as before.
Too I fixed problems that could be caused using other brokers as GlobalPrime with the EndOfZoneDetermingHour setting. New this setting has two components:
GMT_Offset=3 her you set the difference your Broker has to GMT, so for a broker using GMT-5 you will set -5
EndOfZoneDetermingHourGMT=8 sets the endtime for the zone building in GMT.
So this settings are much easier as before and the EA will work with all brokers perfect.
Note that to the original version is updated with this new settings. So you have the choice ..

MondayBreakoutSR_D_6xx.mq4

MondayBreakoutL_6xx.mq4

Cheers

Tommaso

ace81 · Post by **ace81** » Mon Mar 24, 2014 8:24 am

Hi Tommaso

I'm just load this ea to my demo acc last friday, so i'm not sure how this ea work out
Is this valid taken a trade at the proven resistance?

Thanks

Post by **milanese** » Mon Mar 24, 2014 8:30 am

ace81 » Mon Mar 24, 2014 8:24 am wrote:Hi Tommaso

I'm just load this ea to my demo acc last friday, so i'm not sure how this ea work out
Is this valid taken a trade at the proven resistance?

Thanks

yes this trade is is valid for this strategy, here I am experimenting.. the trade is taken because of the combination breakout and ma240 H4 trend ok ...

Cheers

Tommaso

ace81 · Post by **ace81** » Mon Mar 24, 2014 8:48 am

milanese » Mon Mar 24, 2014 4:30 pm wrote:
ace81 » Mon Mar 24, 2014 8:24 am wrote:Hi Tommaso

I'm just load this ea to my demo acc last friday, so i'm not sure how this ea work out
Is this valid taken a trade at the proven resistance?

Thanks
yes this trade is is valid for this strategy, here I am experimenting.. the trade is taken because of the combination breakout and ma240 H4 trend ok ...

Cheers

Tommaso

Thanks for answering

Need more time to get feeling on this ea

Post by **tibochina** » Wed Mar 26, 2014 12:24 am

I am continuing to work the latest version of the EA with the following results so far this week: 27 trades opened with 11 winners, 8 losers and 6 at BE. @ running at present up 10 pips. 180 pip profit so far this week. I am trying to ease this into a live trading scenario in which I am closing trades manually based on my experience trading Bob's system. As Bob was commenting about on the Edsel thread the market is ranging more than trending and I am looking for smaller profits closing when experience tells me the move is out of gas. I could have done a little better than 180 had I monitored these more closely. I'm still not seeing the SL move as quickly on all 3 opened pairs as I would move it manually. Hope this info is helpful, Tommaso.

Post by **milanese** » Wed Mar 26, 2014 12:49 am

tibochina » Wed Mar 26, 2014 12:24 am wrote:I am continuing to work the latest version of the EA with the following results so far this week: 27 trades opened with 11 winners, 8 losers and 6 at BE. @ running at present up 10 pips. 180 pip profit so far this week. I am trying to ease this into a live trading scenario in which I am closing trades manually based on my experience trading Bob's system. As Bob was commenting about on the Edsel thread the market is ranging more than trending and I am looking for smaller profits closing when experience tells me the move is out of gas. I could have done a little better than 180 had I monitored these more closely. I'm still not seeing the SL move as quickly on all 3 opened pairs as I would move it manually. Hope this info is helpful, Tommaso.

Yes thank you very much, yes this is helpful, maybe you can post your results en detail, so it would be again more help, the moving of the sl depends in the latest version of the h/l from the last 8 H1 candles, so it is flexible and dynamic, I have in my trading practice with that system so far the best results.., too it is for TP1,Tp2 and TP3 trades different calculated.

Cheers

Tommaso

mirador · Post by **mirador** » Wed Mar 26, 2014 4:07 am

milanese » Tue Mar 25, 2014 7:49 pm wrote:
tibochina » Wed Mar 26, 2014 12:24 am wrote:I am continuing to work the latest version of the EA with the following results so far this week: 27 trades opened with 11 winners, 8 losers and 6 at BE. @ running at present up 10 pips. 180 pip profit so far this week. I am trying to ease this into a live trading scenario in which I am closing trades manually based on my experience trading Bob's system. As Bob was commenting about on the Edsel thread the market is ranging more than trending and I am looking for smaller profits closing when experience tells me the move is out of gas. I could have done a little better than 180 had I monitored these more closely. I'm still not seeing the SL move as quickly on all 3 opened pairs as I would move it manually. Hope this info is helpful, Tommaso.
Yes thank you very much, yes this is helpful, maybe you can post your results en detail, so it would be again more help, the moving of the sl depends in the latest version of the h/l from the last 8 H1 candles, so it is flexible and dynamic, I have in my trading practice with that system so far the best results.., too it is for TP1,Tp2 and TP3 trades different calculated.

Cheers

Tommaso

Yes I also have good results we this version. I was wondering if it's possible to set TP3 to reach more profit. It misses good wave too often ... but I know, we should not had too much risk.

Cheers