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| 10.2 for Dummies https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=545 |
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| Author: | mobthehop [ Fri Jun 01, 2012 8:58 am ] |
| Post subject: | Re: 10.2 for Dummies |
Shelley, thanks for popping over & your quick reply. So where to actually enter your trades - I guess I can speak also on behalf of Gary, we are clear on the slope -0.8 <or > 0.8 but do you enter on break of any weekly / monthly pivot? What constitutes a break ? EG 10 pips above resistance / below support? Or you simply enter anywhere at a given time eg UK open? I got away with 480 pips manual just entering when the mess on UK open started but that's luck and not skill..... Stupid nubi question - the NB10.2 EA only on one chart like for Shelly EA or on every pair one trades? Cheers |
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| Author: | Tebis [ Fri Jun 01, 2012 9:24 am ] |
| Post subject: | Re: 10.2 for Dummies |
On each pair you want to trade |
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| Author: | mobthehop [ Fri Jun 01, 2012 11:01 am ] |
| Post subject: | Re: 10.2 for Dummies |
Cheers Tebis |
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| Author: | astral77 [ Fri Jun 01, 2012 11:47 am ] |
| Post subject: | Re: 10.2 for Dummies |
IMHO Shelley is correct. SRF/CT should be done when slope indicator is between 0.4 and -0.4. At other times we should stick with trend trading. Or for the time being forget about CT and SRF trades and just concentrate on trend trading then gradually look into the other aspects. Basically when you decide on the direction of the pair then you choose one of the EAs (which are just basic MA Cross EAs) for the best entry or if you are impatient you can enter manually or place a pending order. I know for a fact that with 10.1 Bob was primarily using pending orders to place his trades. I hope this helps. I am sure the man himself will pass through here sooner or later and he can explain it more clearly. Kind regards |
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| Author: | forexripper [ Fri Jun 01, 2012 3:25 pm ] |
| Post subject: | Re: 10.2 for Dummies |
The 10.2 EA is also working fine for me except that I wonder why it has not taken a single range trade using Bollinger Bands. It has taken D1 trend, D1/H4 trend and WPC range trades though. Also, a dump question here. Would the EA continue to work if I put the machine on sleep or hibernate? Thanks |
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| Author: | nonlinear [ Fri Jun 01, 2012 8:08 pm ] |
| Post subject: | Re: 10.2 for Dummies |
Been following Bob's stuff for years on FF, first time here. Has anyone tested long enough to know if the expectancy of the Daily 10.2 system, just taking trend trades alone, is sufficient for a stand alone system. It would seem that enough uncorrelated pairs will trend enough to make it worthwhile. |
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| Author: | nanningbob [ Sat Jun 02, 2012 12:55 am ] |
| Post subject: | Re: 10.2 for Dummies |
Trend trades are working very well because that is what the market is doing very well right now. Just enjoy the ride while it is going on because the summer time is usually range time. However, if Euro news keeps hitting then we may trend all summer. Only time will tell, I used to hate these long trends because I had no idea when they would start and when they would end. At least now I have some idea. So enjoy the trending part while it is going one. Time will only tell how long it will last. |
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| Author: | mrpipstrader [ Sat Jun 02, 2012 6:10 am ] |
| Post subject: | Re: 10.2 for Dummies |
Hi forexripper, Any EAs you have running on your own computer will pause when you sleep/hibernate. This means that no new trades will open and your open trades will not be managed. The open trades in your account with your broker may hit TP/SL if they have been set, or will just move up and down until your EA wakes up when you restart your computer if TP/SL been hidden by the EA or not specified. In this instance, you may be hit by a margin call if the market has moved far enough against you while your computer is off. People who want to shut their own systems down while using EAs often use a 24/7 VPS. |
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| Author: | garyfritz [ Sat Jun 02, 2012 1:41 pm ] |
| Post subject: | Re: 10.2 for Dummies |
From http://www.stevehopwoodforex.com/phpBB3 ... 687#p14687: Anyone? Anyone? Do we just say: "slope > 0.4 so we want trending entries -- enter on any crossing of weekly pivot or monthly pivot (trend continuation), or 5ma-1 line (trend retracement)" ? And "slope < 0.4 so we want CT entries -- enter when it crosses inside TMA True or Bollinger Band" ? And that's it? Or maybe you also rely on confirmation from the WOH indis? So e.g. we catch SRFs when the market doesn't quite reach a S/R line and falls back? We're not specifically looking for or triggering on SRF patterns, but the "trade back inside the bands" rule catches the SRF behavior? It seems to me that Bob's booklets are a bit vague and under-specified, so it's hard to tell what to do, and Verb's codex rules are possibly a bit OVER-specified, setting more conditions than Bob intended. But people are trading both variants successfully so the system is obviously pretty robust. I guess it's just up to anyone to find the style that works for them. |
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| Author: | mobthehop [ Sat Jun 02, 2012 2:37 pm ] |
| Post subject: | Re: 10.2 for Dummies |
Gary, I just got the new set of manuals, I will go through them by Monday and comment..... Have a great weekend all |
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