Greetings fifo and es A minor change to cr_v1c may be needed. I analysed the segment of the code originally written by [ang]. The first time the indicator is placed on a chart it drops an 'anchor' 298 bars back from the current bar. Each subsequent calculation references that anchor point. ie as each new bar arrives the period effectively increases by 1 (299,300,301...). I guess [ang] put this behaviour in by design. If we want the period fixed relative to the current bar then it requires a simple change to the code. Please advise. cheers rjb1024
I use FXCM, would those indicators work in their standard applicaiton? By the way, I did take your first test trade with real money, but got stopped out since I set my stop too closee to the previous low and did not take into account the spread was large. Again, I will always use stops so not sure if this method is for me but may play around a little more. Anyway, my 2 other real money forex trades that I use for my own system with stops and profit targets worked fine, so I am still up this week.
I will weigh in with a yes...please change it...waiting for fifo's opinion... If not is there a way to specify or change the start date (anchor point) without going into the code, in a more user friendly way? rjb & fifo, mm and others..have I mentioned how awesome you are? by the way... you guys are awesome..
oraclewizard, I have trouble with stops IN THIS METHOD...I prefer hedging for now, unless something better comes along, because the daily's, can last so long and I get in the arches early. Hedging helps with timing, where stops finalize. I am sorry to hear about the loss...but it sounds to me like you are experienced enough to handle it...stay tuned. Also, if you come up with ideas for stops, that are market based please share...I am waiting to get smacked with a good idea.. Michael B.
Absolutely, go ahead rjb. I knew there was something off but just guessed it was an MT4 thing where old values wouldn't repaint. I've been deleting the indicator and redrawing it simply because I've had no time to investigate it. Sorry should have caught this sooner, just had to prioritize WL over MT4 for now.... thx
ENTRY SHORT ("AVERAGE IN/UP") Entry: EUR/GBP Short Trade Decision Criteria met: 4 hr. Demarker nearing the major 0.095 breach with the CR short and the Daily CR agreement is still valid. Confidence: 3.0 (0-5 scale) Spread: 2 PIPS Price Entered & Executed: 0.6657 (avg= 0.6632, improved from 0.6607) Short 22:52 (mst) Target: 0.6606 (looking for 26 PIPS from the avg trade price of 0.6632 now established with this second entry - increased 5 pips from 21 pips) (2*4hr. ATR + optimal rounding) Units: 15,386-total units now 30,925 (second entry at 3.551% of max units available, according to current basket NAV at a max of 50:1 leverage) Stop: not yet Interest Differential: Positive Open Trades & Statistics: 30k units of NZD/USD Long @ 0.6943 30,925 units of EUR/GBP Short @ 0.6632 avg. trade price. UPL = -$420.80, -3.59% 5.4:1 leverage Balance Banked: $11,713.79. Gain= $503.83, +4.40% ROI 11 days of tracking. Note: Deposits and withdrawals can take place which does not effect the gain reported, other than trade size and interest earned. COMMENTARY: Welcome to "Golden Arches". This is a test. Please stay tuned for the new thread 02/13/07. I wanted to increase the EUR/GBP as the retrace needed is so slight for the small target on this...The London session should give the necessary volatility for the "weekend exits" to reach the target and get flat in this pair. However, please pay attention to the confidence level reported above...I take that seriously with much thought and attempt at consistency.