fxozgirl wrote:I have attached Gday (semi automatic mode) to the following pairs ready for the new day:

eurusd, usdcad, nzdusd, audusd, eurjpy, audjpy, gbpaud, cadjpy, nzdjpy

I will be interested to see what Gday does at the new candle as both the stoch lines for nzdusd, nzdjpy have already crossed out of ob/os.

Will Gday recognise that the stochs have been in ob/os already and have moved out or will it think the stoch set up is not yet correct for a trade?


I have also set up a 2nd demo, Gday fully automatic on all available charts

RockyJ wrote:Doesn't appear the jumping stop worked for me. I placed the ea and disabled the breakeven stop leaving the jumping stop set to true..

gbpaud went down by 70 + pips, with no intervention by the jumping stop.. is set to default of 50.....

RockyJ wrote:It is in profit by 70pips or rather was at an earlier point.. ... I should go back and re read ... will do that.

SteveHopwood wrote:

fxozgirl wrote:

Watch your Jumping Stop inputs. I have programmed Gday to close a third of the position every time a jumping stop event occurs, so having this too narrow will part-close your trade prematurely. Also make sure you lot size can be divided by 3; there is no idiot checking.

Steve,

Does this also mean the last 1/3 of the trade will close at 150 pips or will the last 3rd of the trade run until closed by a retrace to the jumping stop?

ie. Trade moves to +50 1st 3rd closes
Trade moves to +100 2nd 3rd closes
Trade moves to +150 last 3rd closes


As I didn't really provide a lot of detail in my pm, here's some more about the trade exit strategy I've been using...

My main focus has been account preservation, which is why the trade is taken divisible by 3 and using mptm to manage the trade utilising the break even, jumping stop & close partial trades functions

These are the settings I have been using in mptm
Use Breakeven: true
Breakeven Pips: 50
Breakeven Profit: 2

Jumping Stop: true
Jumping StopPips: 50

Part Close Enabled: true
Close Lots: 0.01 (or 1/3 of your opening trade size)
Preserve Lots: 0.01 (or 1/3 of your opening trade size)
The trade reaches 50 pips profit and first 3rd of trade closes, locking in 50 pips profit and moving stop to BE +2 - we're now in a safe trade and the market can do what she likes

by using these functions this allowed me to
1. get into a free trade asap (by locking in profits at 50 pips and moving stop to BE +2
2. if trade continues to run, we can then lock in another 100 pips by closing the 2nd third of the trade which then jumps the stop to +50 for the last 3rd of the trade
3. if market continues to go in our direction, this last 3rd is left to run and is closed either at reaching full TP of 500 pips or retraces back to the jumping stop

By having a staged exit, I am securing my trade first and foremost, but also getting as much out of the trade as possible (even though I do leave some pips on the table with the retrace, I'm still happy)

Hope this makes sense....

It leaves the final third running.

fx8000 wrote:

RockyJ wrote:It is in profit by 70pips or rather was at an earlier point.. ... I should go back and re read ... will do that.

What is ur lot size ?

Cheers.

RockyJ wrote:

fx8000 wrote:

RockyJ wrote:It is in profit by 70pips or rather was at an earlier point.. ... I should go back and re read ... will do that.

What is ur lot size ?

Cheers.

0.3, but I do not see what lot size would have to do with it...

fx8000 wrote:
Profit = 70 pips, lot = 0.3.

Therefore, price has moved 70 pips divided by 3 = 23 pips.

Jump stop will be triggered when price has moved 50 pips.


Cheers.