Originally Posted by ;Originally Posted by ;
position #2:
we include now 0.01 lot audsud
@ 0.78925
Originally Posted by ;Originally Posted by ;
position #2:
we include now 0.01 lot audsud
@ 0.78925
Master -Head,Originally Posted by ;
AudUsd is buy or sell?
Can you discuss on how to set the standards to enter trade Base in your own currency indior?
Thanks
WAIT TO OVERBOUGHT (THROUGH OUR INDICATOR OR EVEN THROUGH rsi- or anything you like)Originally Posted by ;
THEN SELL
AND PUT TWO PENDING ORDER
0.02 (OVER-OVER-BOUGH: ASSUMED)
AND 0.04 (OVER-OVER-OVER-BOUGH: ASSUMED)
FAR 100M 200 PIPS RESPECTIVELY AND WAIT FOR TARGET MORE THEN 200 PIPS(EPEND ON PAIR VELOCITY)
this Really Is a Fast Principle,Originally Posted by ;
but accurate rule Narrative pair Rate into Account:
Pips For 0.02 lot, = 100*XXXYYY
for AUDSUD, 100*0.78925 = 67.9 PIPS
Pips For 0.02 lot, = Two* 100*XXXYYY
for AUDSUD, 200*0.78925 = 135 PIPS
IN PICT ABOVE:
you see GBPAUD, THE MOST VOLATILE PAIR TODAY . C0D0
C0D0: CLOSE THIS DAY-OPEN THIS DAY,
C2 D3 : CLOSE 2 DAYS AGO -OPEN FIVE DAYS AGO , (5=2 3 )
IMAGINE IT AS 3DAY FRAME.
EACH THREE CANDLES CONSIDERED ONE CANDLE .
You've peaked my interest so long time back, I'd worked with a developer (here at FF) to help me construct a session based candle generator to feed information into my movers and shakers indior I attached before. He learnt all of the egy information and developed but then bailed on me after 3 months. He supplied a non-working compiled variant making some dumb confidentiality excuse that he can't share the code as it uses some libraries paid by other customers. Utter BS. You get what you pay for that's nothing :--LRB-Originally Posted by ;
Anyways, reading this post, I know the ultimate power/force your indior can depict BUT I dread, it won't lead to consistency of trading result and that's the reason you are trading reversals with recovery grid.
I feel inconsistency is introduced due to following reasons:This instrument has no input parameters to always induce the 5pm ET daily no matter broker's offset This instrument does not let you picked timeframe other than daily. There's NO official close in FX besides the Weekly close. Weekly candle is the only candle that's consistent BUT that is also skewed for 5 or 6 day daily candles. This whole Retail FX platform we call MT4 is designed to introduce inconsistency at the servertime, GMT Offset, candle amount. Primary reason why egies do not last forever. I did not find any way to switch the C0D21 into C1,C2. I am sure there should be a way to change in setting (in the screenshot)
Now, here's what I suggest if we need to significantly exploit the power of this tool. Replace the D in your instrument with a Session Candle.
One Sessions(Candle):
London-Only (such as GBP, EUR Power)
London US (Overlap) (such as GBP JPY Power)
USA-Only (ALL 7 gt;gt; GBP, EUR, JPY, AUD, NZD, CAD, CHF)
TOKYO (such as JPY AUD NZD CAD)
T L (such as JPY, EUR and GBP)
Exterior of the primary sessions for each nation is considered 'price manipulation zone' and to be discounted within our strength calculation. This will give us directional bias and then when you entrance becomes insignificant.
Too complex for some but this is how currency markets are made to function. Focus should be to exploit what occurs all day daily, all week each week until the central banks measure in and then we reverse and continue to follow the strength daily every day, all week weekly. Whether this behaviour in price movement isn't evident to the naked eye, and then markets are stuck in a range and that will evidently appear quite easily in the instrument as a red/green/red/green heatmap for us to avoid.
EDIT: Perhaps I need to mention. Session Time should be based on UTC and not broker time to make this a universal approach to attain consistency. It should not have any effect on broker offset or neighborhood DST changes.
EDIT1 I figured out 1,2 and 3 after playing with the instrument.
VEEFX,
Good to see you are still around. Appreciated your participation in the Pipeasy--Greame thread.
Thank you for your continuing contribution here.
Success to all!
Bruce