dsugums » Thu Jul 10, 2014 9:17 am wrote:Just follow the instructions in post 1 for trading rules. No need to re-invent the wheel just for the sake of it.

etc

bourgenot » Thu Jul 10, 2014 5:43 pm wrote:Hello Rasta420,, can you tell me how in the comments you get the name of the country? If you have the model, merci.Have good day

SteveHopwood » Thu Jul 10, 2014 10:26 pm wrote:I just remembered that someone was asking about the TradingTimeFrame input. I forgot to hide it from users, so leave it set to 0 or you will bugger up the ea's workings. I will change this in the next release.

dsugums » Thu Jul 10, 2014 10:17 am wrote:Just follow the instructions in post 1 for trading rules. No need to re-invent the wheel just for the sake of it.

The less pairs traded, the more profitable it will be. Don't be tempted to get all the moves in all pairs. You only need to get 3 x 3% to hit daily target. 5-10% way too much for daily target. I will be even happy with 4% daily returns.

Just trade the USD and JPY pairs according to sessions for the first 2-3hrs. These pairs trends nicely when it moves compared to other lunatic pairs which spike for no reason taking out the stops.

Just extra careful with GBP pairs for news. I got caught with GU yesterday and lost 20pips instead of 10 for slippage.

Run it in different settings and report back here end of the week. What matters is average weekly gain of 10-15%. You can lose 20% one day and gain rest of the week for about 5% daily. You still be up by 5%.

For the final time, this is my setting:

TF: 1H/H1 (don't fark around with other tf)

TP: 10

SL: 10

Stoch: True

Trailing stop: BE +1 after moving 5pips (double edge knife, sometimes better not having it)

Daily limit: up to individual (I set at 10%, most of the time I get it during Asia and free during London)

Trading time: first two hours only

Tokyo (AU, AY, NU, NY, AN)

London (EU, GU, UCHF, EY, GY, CHY)

US (I hardly trade since the daily limit of profit or loss is hit)

This is not set and forget type of trading. I still move the tp sometimes to 20pips or nearest S/R when trade is moving after news to catch the spikes. Instead of getting 3%, I sometimes get 6% in single trade.

I do use additional filter MA set at 50 EMA on 1H to limit the trades (sometimes better not having it).

varso » Fri Jul 11, 2014 7:13 am wrote:
What do you use for daily candle open price? The NEW YORK end? or different for different pair? IMHO this is really important because then you will be sell or buy.

SteveHopwood » Fri Jul 11, 2014 8:57 am wrote:

varso » Fri Jul 11, 2014 7:13 am wrote:
What do you use for daily candle open price? The NEW YORK end? or different for different pair? IMHO this is really important because then you will be sell or buy.

I am fairly sure that ds has stated the close of NY in an earlier post. I will add this to post 1 once he confirms this.