POH wrote: There is an EA that buys/sells on the break of the DO if that's what you're after.

dancingphil wrote: 2) It opens a hedge 200% of the original trade that has gone bad by 30 pips, and it will close both trades when the hedge gets you back to break even on them both.

3) It does NOT have "hedge the hedge" turned on; I find that can get you in a world of hurt.

nanningbob wrote:Using Baluda's 10.3 indicator for jpy session I have the following

Teal Range BUY aud/cad,eur/usd,nzd/usa, usd/cad
Green Strong Buy aud/usd, eur/aud,eur/cad,eur/gbp,eur/nzd
Orange Range Sell aud/chf, aud/nzd, gbp/aud, gbp/cad, gbp/nzd, gbp/uzd, usd/chf
Red Strong Sell gbp/chf, nzd/chf
I will not be placing trades now I just want to compare this with what I will do at Euro open. That will be in about 5 hours. Then we can see how the 'dummy lights', remember the old cars with their red light for oil, generator, battery, etc. we called them dummy lights, are doing. I probably will do nickel trades on all of them with the MPTM and jump EA on the ones that are still valid trades then and see what happens.

nanningbob wrote:

nanningbob wrote:Using Baluda's 10.3 indicator for jpy session I have the following

Teal Range BUY aud/cad,eur/usd,nzd/usa, usd/cad
Green Strong Buy aud/usd, eur/aud,eur/cad,eur/gbp,eur/nzd
Orange Range Sell aud/chf, aud/nzd, gbp/aud, gbp/cad, gbp/nzd, gbp/uzd, usd/chf
Red Strong Sell gbp/chf, nzd/chf
I will not be placing trades now I just want to compare this with what I will do at Euro open. That will be in about 5 hours. Then we can see how the 'dummy lights', remember the old cars with their red light for oil, generator, battery, etc. we called them dummy lights, are doing. I probably will do nickel trades on all of them with the MPTM and jump EA on the ones that are still valid trades then and see what happens.

The best trades I see for now are eur/aud, eur/cad, eur/nzd, usd/cad buysgbp/cad, gbp/chf, gbp/jpy, gbp/usd, nzd/chf, as sells

Let you know how they went later.

dancingphil wrote:

nanningbob wrote:Using Baluda's 10.3 indicator for jpy session I have the following

Teal Range BUY aud/cad,eur/usd,nzd/usa, usd/cad
Green Strong Buy aud/usd, eur/aud,eur/cad,eur/gbp,eur/nzd
Orange Range Sell aud/chf, aud/nzd, gbp/aud, gbp/cad, gbp/nzd, gbp/uzd, usd/chf
Red Strong Sell gbp/chf, nzd/chf
I will not be placing trades now I just want to compare this with what I will do at Euro open. That will be in about 5 hours. Then we can see how the 'dummy lights', remember the old cars with their red light for oil, generator, battery, etc. we called them dummy lights, are doing. I probably will do nickel trades on all of them with the MPTM and jump EA on the ones that are still valid trades then and see what happens.

Bob, do you see any relationship between the projected strength of a move and the probability of the direction being correct?

For example, are these;

Red Strong Sell gbp/chf, nzd/chf

more likely to be sell days than these;

Orange Range Sell aud/chf, aud/nzd, gbp/aud, gbp/cad, gbp/nzd, gbp/uzd, usd/chf

Of course there are no guarantees; I'm thinking more in terms of probabilities.

My point is that I can't do much more than set up my chart for every 10.3 Fib Level 3 CT trade possibility - about 50 pending trades just for the CT side of things which is brain numbing and mostly wasteful given only one or two a day might get hit at best.

Only creating them for one side of 25 pairs rather than a CT buy and a CT sell cuts the list down to 25.

Only creating one pending CT trade for each of the 7-8 Strong Sell and Strong Buy seems to be a more targeted approach than using a shotgun of one size fits all. That would cut pending CT trades down to 7-8 a day; a vast improvement of circa 50 a day

None of my pending CT orders can get filled until your side of the 10.3 has pushed out to a Level 3 Fib or similar. And your side of the 10.3 has to trade first, before I can CT it back again.

Phil

nanningbob wrote:

dancingphil wrote:

nanningbob wrote:Using Baluda's 10.3 indicator for jpy session I have the following

Teal Range BUY aud/cad,eur/usd,nzd/usa, usd/cad
Green Strong Buy aud/usd, eur/aud,eur/cad,eur/gbp,eur/nzd
Orange Range Sell aud/chf, aud/nzd, gbp/aud, gbp/cad, gbp/nzd, gbp/uzd, usd/chf
Red Strong Sell gbp/chf, nzd/chf
I will not be placing trades now I just want to compare this with what I will do at Euro open. That will be in about 5 hours. Then we can see how the 'dummy lights', remember the old cars with their red light for oil, generator, battery, etc. we called them dummy lights, are doing. I probably will do nickel trades on all of them with the MPTM and jump EA on the ones that are still valid trades then and see what happens.

Bob, do you see any relationship between the projected strength of a move and the probability of the direction being correct?

For example, are these;

Red Strong Sell gbp/chf, nzd/chf

more likely to be sell days than these;

Orange Range Sell aud/chf, aud/nzd, gbp/aud, gbp/cad, gbp/nzd, gbp/uzd, usd/chf

Of course there are no guarantees; I'm thinking more in terms of probabilities.

My point is that I can't do much more than set up my chart for every 10.3 Fib Level 3 CT trade possibility - about 50 pending trades just for the CT side of things which is brain numbing and mostly wasteful given only one or two a day might get hit at best.

Only creating them for one side of 25 pairs rather than a CT buy and a CT sell cuts the list down to 25.

Only creating one pending CT trade for each of the 7-8 Strong Sell and Strong Buy seems to be a more targeted approach than using a shotgun of one size fits all. That would cut pending CT trades down to 7-8 a day; a vast improvement of circa 50 a day

None of my pending CT orders can get filled until your side of the 10.3 has pushed out to a Level 3 Fib or similar. And your side of the 10.3 has to trade first, before I can CT it back again.

Phil

The RED trades are DP and DO are below the weekly and monthly pivot which shows trend and stronger moves. So their should be a better chance of bigger and stronger moves.

Orange means DP and DO are between the monthly and weekly pivots so price is ranging and moves should be smaller and not as strong. Experience may teach us what is better but that is what I see when looking at backtests.

My understanding of CT trades is you are waiting for strong price movements then follow them back. Those will most likely show up on with the Maroon color on sells and dark green on buys. Those colors show those trades are already in progress so you could look for those two colors and set your pendings that way.

blazko wrote:Shame I'm color blinded and really can't see a difference between strong and range buys