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dsugums 6 pip auto-trader by 'im again
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=313		 Page 7 of 18
Author:  spyderman [ Tue Jan 31, 2012 4:45 pm ]
Post subject:  Re: dsugums 6 pip auto-trader by 'im again
I've got this running for a couple of hours now and already have 4 profitable trades :D Can't complain about that.

Had a question though on EA function. As seen below in each trade series it seems an additional E/U sell order was placed. Am I missing something? (hope I don't get Hopwooded :lol: )
Author:  spyderman [ Tue Jan 31, 2012 4:50 pm ]
Post subject:  Re: dsugums 6 pip auto-trader by 'im again
Seems like extra order opened just prior to group being closed.
Author:  musketeer [ Tue Jan 31, 2012 4:54 pm ]
Post subject:  Re: dsugums 6 pip auto-trader by 'im again
Seems mine are not closed. And no errors (or any messages) in both "expert" and "journal" tabs.

1-31-2012 6-51-21 PM.gif
Author:  fxshadow [ Tue Jan 31, 2012 5:08 pm ]
Post subject:  Re: dsugums 6 pip auto-trader by 'im again
spyderman wrote:Seems like extra order opened just prior to group being closed.
Maybe a stacked trade?
Author:  fxshadow [ Tue Jan 31, 2012 5:11 pm ]
Post subject:  Re: dsugums 6 pip auto-trader by 'im again
musketeer wrote:Seems mine are not closed. And no errors (or any messages) in both "expert" and "journal" tabs.

1-31-2012 6-51-21 PM.gif
"Bung the ea onto a chart showing any of the three pairs you are trading"
Maybe you have the EA on the wrong chart.
Author:  scooby-doo [ Tue Jan 31, 2012 6:20 pm ]
Post subject:  Re: dsugums 6 pip auto-trader by 'im again
When the carry trade unwinds or trend change on EURCHF you will blow your account. But hey, dont take my word for it. Wait and see. In the meantime enjoy.
Author:  blahn [ Tue Jan 31, 2012 6:42 pm ]
Post subject:  Re: dsugums 6 pip auto-trader by 'im again
There are a couple things you can do to play around with the method without too much worry.

1. put on reasonable stops. just far enough away to let the trades drift back and forth.
2. initiate a 2nd triple hedge the opposite direction. if anything major happens, the 2nd hedge protects the first and visa versa. this is how i'm currently running dsugums ea. If you are in the US like me you'll probably need to use fxdd or fxcm to do this.
Author:  alex_forex [ Tue Jan 31, 2012 6:54 pm ]
Post subject:  Re: dsugums 6 pip auto-trader by 'im again
scooby-doo wrote:When the carry trade unwinds or trend change on EURCHF you will blow your account. But hey, dont take my word for it. Wait and see. In the meantime enjoy.
Glad to read your words Scoob ;)
Author:  K-Lander [ Tue Jan 31, 2012 8:23 pm ]
Post subject:  Re: dsugums 6 pip auto-trader by 'im again
scooby-doo wrote:When the carry trade unwinds or trend change on EURCHF you will blow your account. But hey, dont take my word for it. Wait and see. In the meantime enjoy.
MPTM may come in handy to prevent a catastrophic scenario like the one described by Scooby Doo. using the overall profit global closure at -XX dollars would stop the shit before it hits the fan.
Author:  scooby-doo [ Tue Jan 31, 2012 8:35 pm ]
Post subject:  Re: dsugums 6 pip auto-trader by 'im again
A better way but still not fool proof would be the following:

if EURCHF oversold = BUY EURCHF, SELL EURUSD, SELL USDCHF
if EURCHF overbought = SELL EURCHF, BUY EURUSD, BUY USDCHF

Scoobs
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