11.0 trading sessions

Post by **boldtrader** » Tue Sep 23, 2014 3:15 am

Jemook » Mon Sep 22, 2014 9:46 pm wrote:Hey Bob,

Visually backtesting and it's freaky how well this has worked on EURUSD recently.

I was thinking to increase R:R per trade you could:

Short Setup

1. Wait for retrace to +10 and enter SHORT via sell limit with a SL at +20 (10 pips risk)
2. Set the TP to -10 or -20 (20-30 pips reward)

Long Setup

1. Wait for retrace to -10 and enter LONG via buy limit with a SL at -20 (10 pips risk)
2. Set the TP to +10 or +20 (20-30 pips reward)

...

This effectively gives you 1:2 or 1:3 R:R. You'll probably miss a few more setups but you're getting in at a better price. Love your work mate.

Cheers,
Jem

I do this anyway, as it is fading the market.. jump down to a m5 period, and throw up an RSI or STO for confirm or %R.. good for quick pips.

Post by **nanningbob** » Tue Sep 23, 2014 3:15 am

+10 gbp/aud this morning then hit my 0 SL.

Post by **nanningbob** » Tue Sep 23, 2014 3:38 am

IF anyone wants to write an EA for this or SCRIPT or MPTM this is what I would like.

JPY Session only
EUR Session only
USA Session only
Or it sets one pending trade and quits. I want to turn it on when the session starts, it sets teh buy or sell trade depending on what I choose. Now if it will filter according to the AC indi that would be great.

Sets buy stop only
Sets Sell stop only

MPTM at +5 pips move SL to -15 or 10 below entrance
MPTM at +10 pips move SL to 0 or at entrance.
MPTM at +20 move SL to +5

I dont know if one EA can do all that but I like setting my trades with and EA or script and letting an MPTM handle the SL and TP after that. Seems that the multiple function EA just clog up the system with too many commands going out at a time. Living in China and sending signals to the other side of the world can be a problem. So I like separate commands and magic numbers for all this.

lionsden · Post by **lionsden** » Tue Sep 23, 2014 4:21 am

FYI...took GBPJPY short on Asia Session...results not good. Did i do something wrong?

TIA
Lionsden

Post by **boldtrader** » Tue Sep 23, 2014 4:24 am

lionsden » Tue Sep 23, 2014 12:21 am wrote:FYI...took GBPJPY short on Asia Session...results not good. Did i do something wrong?

TIA
Lionsden

Short? I Trade GBPJPY Long, +16, AUDJPY +20 (just closed).

GBPJPY.. bar prior to open of Asian session is Green.. Place Buystop order.

lionsden · Post by **lionsden** » Tue Sep 23, 2014 4:34 am

OK well I must have incorrect settings somewhere....????

here is my chart

pipyoda · Post by **pipyoda** » Tue Sep 23, 2014 5:06 am

Thanks for yet another gem Nanningbob...Now lemme testdrive this baby..

Post by **rapple** » Tue Sep 23, 2014 6:21 am

Fantastic stuff Bob,

I have set 'Bobs Brainless Thingy' up to trade in a very similar manner but with a Moving Average to determine trade direction at the start of each session.

Will be great to get this EA up and running so we can compare the two.

Cheers Rapple

Post by **nanningbob** » Tue Sep 23, 2014 8:35 am

lionsden » Tue Sep 23, 2014 12:34 pm wrote:OK well I must have incorrect settings somewhere....????

here is my chart

Check your sessoin starting time with the indi. Maybe a broker thing?? It is possible to have a difference maybe???

cad0811 · Post by **cad0811** » Tue Sep 23, 2014 8:42 am

Great idea, thank you!
At noon today, all positions at present, no pending orders.
The result is good.
Cheers!

mygl.png

Another small problem, "11.0 SessionBox_And_SessionOpen 10 x20" work in GMT 0 platform is not very perfect.

jytp.png