10.9 DAILY/WEEKLY TRADES ONLY

[Gertje]

Gertje,

Sounds like you are having good success. Do you have a set file you can post for the MPTM Ea you are using?

TIA,
Lionsden

Sure, attached.

[Gertje]

Thanks, I will.

To give an idea, here the daily chart for CADCHF with the several types of orders from below;
- Open orders with BE+5 set
- Open orders
- Pending orders



As you will note, before the 4th "open order" is launched, the 1st "open order" will have it's BE+5 set and so on. This way I'm exposed to only 3 orders [with each pair] in case of a totall whipe-out.

Overthinking the DD and the fact that price will cross the entry-price a few times before going into profit I started playing with "replacing" existing trades with new ones and TP@5 pips. The exposure stays more or less the same, but each day that price crosses an earlier opened order, I add 5pips to the balance.

Since today saw some movement due the the ECB lowering the bid-rate [why didn't NZD react the same over a month ago??], I opened and closed a fair amount of orders today...

TP @ 5.png

I'm aiming for the long term here, so keep the orders running to add swap and green pips but these 5pippers can add 1-2% weekly to the balance, keeping me on track for the 7-year goal.

[Gertje]

I wish I could bragg and tell it's from knowledge, but I'm not sure about that...
Probably NFP tomorrow will cancell it all...

iProfit.png

[lionsden]

Gertje,

Sounds like you are having good success. Do you have a set file you can post for the MPTM Ea you are using?

TIA,
Lionsden

Sure, attached.

Many thanks Sir!

[lionsden]

Thanks, I will.

To give an idea, here the daily chart for CADCHF with the several types of orders from below;
- Open orders with BE+5 set
- Open orders
- Pending orders



As you will note, before the 4th "open order" is launched, the 1st "open order" will have it's BE+5 set and so on. This way I'm exposed to only 3 orders [with each pair] in case of a totall whipe-out.

Overthinking the DD and the fact that price will cross the entry-price a few times before going into profit I started playing with "replacing" existing trades with new ones and TP@5 pips. The exposure stays more or less the same, but each day that price crosses an earlier opened order, I add 5pips to the balance.

Since today saw some movement due the the ECB lowering the bid-rate [why didn't NZD react the same over a month ago??], I opened and closed a fair amount of orders today...



I'm aiming for the long term here, so keep the orders running to add swap and green pips but these 5pippers can add 1-2% weekly to the balance, keeping me on track for the 7-year goal.

Is the MPTM set file you listed early handling the 5pips TP or are you setting those manually?

TIA
Lionsden

[excalibre30]

Great info Gertje, keep posting whatever the result.

Cheers.

Thanks, I will.

To give an idea, here the daily chart for CADCHF with the several types of orders from below;
- Open orders with BE+5 set
- Open orders
- Pending orders



As you will note, before the 4th "open order" is launched, the 1st "open order" will have it's BE+5 set and so on. This way I'm exposed to only 3 orders [with each pair] in case of a totall whipe-out.

Hi,

Sorry that this might be off topic. What is the name of the indi on the top right showing the pips per trade? Or maybe you can share if it is okay? Been looking for something like that for a long time now. Thanks.

[Gertje]

Thanks, I will.

To give an idea, here the daily chart for CADCHF with the several types of orders from below;
- Open orders with BE+5 set
- Open orders
- Pending orders



As you will note, before the 4th "open order" is launched, the 1st "open order" will have it's BE+5 set and so on. This way I'm exposed to only 3 orders [with each pair] in case of a totall whipe-out.

Overthinking the DD and the fact that price will cross the entry-price a few times before going into profit I started playing with "replacing" existing trades with new ones and TP@5 pips. The exposure stays more or less the same, but each day that price crosses an earlier opened order, I add 5pips to the balance.

Since today saw some movement due the the ECB lowering the bid-rate [why didn't NZD react the same over a month ago??], I opened and closed a fair amount of orders today...



I'm aiming for the long term here, so keep the orders running to add swap and green pips but these 5pippers can add 1-2% weekly to the balance, keeping me on track for the 7-year goal.

Is the MPTM set file you listed early handling the 5pips TP or are you setting those manually?

TIA
Lionsden

Hi,

I set these manually.

[Gertje]

Hi,

Sorry that this might be off topic. What is the name of the indi on the top right showing the pips per trade? Or maybe you can share if it is okay? Been looking for something like that for a long time now. Thanks.

Sure, attached.
You might need to tinker with the settings, I added it as I downloaded it.

[excalibre30]

Sure, attached.
You might need to tinker with the settings, I added it as I downloaded it.

Thank you, Gertje!

[Gertje]

Sooooooo, who was compliment about less volatility ?


Seems there are busy times ahead.