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| TMA_CG: EA to buy at support & sell at resistance https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3372 |
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| Author: | Radar [ Mon Jan 13, 2014 10:39 am ] |
| Post subject: | Re: TMA_CG: EA to buy at support & sell at resistance |
Hey SpiderX, I did that with my StackMan EA, though you have to enter the outer ranges yourself. I used BuyProjectedProfit & SellProjectedProfit, which could also be used as TP. Since this EA uses the bands as TP, you can filter the stacking with something like... Code: Select all Have fun! Radar =8^) |
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| Author: | bazze [ Mon Jan 13, 2014 10:48 am ] |
| Post subject: | Re: TMA_CG: EA to buy at support & sell at resistance |
Radar,where shall I copy/paste this snippet into the EA? Haven't done this before,but wish to try...(Offcourse if it's only to copy/paste...) |
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| Author: | Radar [ Mon Jan 13, 2014 10:55 am ] |
| Post subject: | Re: TMA_CG: EA to buy at support & sell at resistance |
Hey Bazze, Nowhere, mate Glad ya asked first Have fun! Radar =8^) |
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| Author: | bazze [ Mon Jan 13, 2014 11:22 am ] |
| Post subject: | Re: TMA_CG: EA to buy at support & sell at resistance |
Okay,then I let it be |
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| Author: | dudest [ Mon Jan 13, 2014 11:41 am ] |
| Post subject: | Re: TMA_CG: EA to buy at support & sell at resistance |
Hi Skoda, Each section now has Magic Number checking and Symbol checking as follows: Code: Select all # Magic number 1000 = normal trade # Magic number 3000 = stack trade [ Magic number 2000 was for continuation trades, but removed that feature ] PS: if peeps would like the magic number variables to be extern ( configurable ), just holla and I'll make the change Cheers! |
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| Author: | dudest [ Mon Jan 13, 2014 11:52 am ] |
| Post subject: | Re: TMA_CG: EA to buy at support & sell at resistance |
Hey SpiderX! Great observation and feedback!, thanks I know it sounds strange, but I actually don't mind those In the past 1 week, there have been 5. However, I can add a configurable parameter to disable taking stack trades when TP is less than 'x' no. of pips Cheers! |
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| Author: | dudest [ Mon Jan 13, 2014 12:01 pm ] |
| Post subject: | Re: TMA_CG: EA to buy at support & sell at resistance |
That's strange There's nowhere I've hard-coded the symbol name... What broker are you running it on? Do you see any error in the Experts or Journal tabs? . |
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| Author: | dudest [ Mon Jan 13, 2014 12:06 pm ] |
| Post subject: | Re: TMA_CG: EA to buy at support & sell at resistance |
Hey JL!, good to see you here Are you using Slipshod's SSSR by any chance? I thought about doing that once (waiting for price to return to high/low before buying/selling), but I always was a "touch-and-go!" kinda guy My take on 'stacking' for this EA is VERY rudimentary ( only a single trade after original trade has moved to BreakEven ). I have tried the other method of just blindly opening stack trades every JumpingStopPips; when price + intent is in one direction, makes QUITE a bit. However, in a VERY TYPICAL day, price ebbs and flows, and many of the stack trades get stopped even if eventually their TP got reached. So keeping it really simple. Thanks JL, hope to hear more from you! Cheers |
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| Author: | dudest [ Mon Jan 13, 2014 12:16 pm ] |
| Post subject: | Re: TMA_CG: EA to buy at support & sell at resistance |
That's great bazze So if I calculate correctly: # Your lotsize = (0.02 * 5000 = $100) / (30pips SL) = $3.3 per pip ==> 0.33 lots Trade 1: -$99 ==> 30 pips SL Trade 2: +$124.16 ==> 37.62 pips TP Trade 3: +$18.56 ==> 5.62 pips TP My trades today so far: Trade 1: -54.1 pips ( got slipped crazy :/ that's almost an extra trade worth of SL! ) Trade 2: +38.0 pips Trade 3: +4.8 pips Trade 4: BUY trade waiting for NY to open before deciding where to go Cheers! |
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| Author: | dudest [ Mon Jan 13, 2014 12:24 pm ] |
| Post subject: | Re: TMA_CG: EA to buy at support & sell at resistance |
An example of how I trade manually: This is a case of S/R level + price action signal: GBPNZD D1 BEEB ( bearish engulfing bar ) Before: Currently: TP1 taken around 1.9640 and SL moved lower (from high of BEEB) ----------- A touch-trade in this case would have been to set a pending order ( SELL LIMIT ) at the VBRN (very big round number) 2.0000 when price was retracing after initially breaking 2.0000 ----------- Cheers |
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