Would you be a little more explicit about the partial taking profit ?
From where is to be counted the N/4 retracements?
Which position are you closing ?
Are you choosing the winning or losing side regarding the averaged entry price of the positions remaining on that side ?
Also, I do not understand the potential gain at each stage (green in your doc) if there some positions are already closed by a partial profit.
Thanks for the clarifications !
When you reach your first "N" level on the winning side are you opening a new order with the original lot size, or are you doubling it?
I'll try to explain a bit simpler.
The progression comes from the casino-world, and is created to overcome long losingstreaks. For declaration I set the stoploss and profit at $50,=
Pre-progression: You've got a pre-progression set of 4 steps.
If you win a step, you parlay the bet. For example:
Step 1: 0.1 lots: lost this one (-$50)
Step 2: 0.1 lots: you won this one ($0)
Since you won this bet you palay the bet so the next bet will be 0.2 lots.
If you win this one (+$100) you can start over at step 1 again.
In this example you'll lose this one. (-$100)
Step 3: 0.1 lots: lost this one (-$150)
Step 4: 0.2 lots: won this one (-$50)
You parlay since you won the step. So your next bet is going to be: 0.4 lots
If you win it (+$150), but in the example you'll lose this one again. (-$250)
This was you pre-progression, since you made all steps without winning twice you continue with the progression. The difference between the pre-progression and the normal progression is:
On a win you parlay (double) in the pre-progression.
In the normal progression you just repeat the bet.
Step 1: 0.5 lots: you win this one: (-$50)
You repeat the bet, if you win it you end the session and start over from step 1 of the pre-progression.($+200)
In this example you lose it, you can just repeat step 1. (-$50)
If you lose this bet you continue to step 2.
It looks very difficult, but it's simple.
I don't know how to explain it in a better way, but if you have any questions about it, i'll be happy to answer.
Indicator needs smoothing
Ok I created the "ease of movement" indicator which shows the relationship between volume and price moves but the indicator is very erratic and needs smoothing. I tried the iMAOnArray using the buffer for the line in my code but I must be doing something wrong because the result is a straight line at zero in the indicator window. Anyone know how to code this correctly?
I'll attach the indicator
note thou that this is the indicator without smoothing.
Can I have some advice please ?
I am looking for a parallel consistent system for low pips daily ,in order to compare it with my rainbow results.
Can you please point me a system with good reviews for 10 pips daily with high probability.
I had in mind the high and lows of the Asian session, but I have read in nicotina's thread in ff that some people suffered big damages on May.
I am making my practice in EUR/JPY only with Mbtrading with oanda and ninja trader charts and have some experience with MT4 platform through interbank, practiced a bit the Imran system for eur/jpy scalping.
Cheers and Merry Christmas to all.
Looking for a trade management ea that is invisible to brokers...
I am looking for an ea to manage my manual trades that cannot be seen by my broker. The only thing I want them to see is entry price. Are there such an ea? Thanks for any help.....
script to make orders with a few pips tp
Hi, I was wondering if there's a script that could make customized order with the following settings:
1. customized lot size
2. customized tp
3. customized SL/trailing stop
I think this script is potential when we want to scalp. Can any of you guys help?
Do you mean an expert advisor?
no, a script, once you execute it the script will do the order. It's a lot more efficient instead of manually making order. But the script has to be pre-customized first so that once it's executed no more additional setting need to be done since it is done by via editing the source code only.
First; The script should be running before the orders need to be placed to save on start up time. Second; The trade setting should be entered by way of external inputs so as to make the code resuable without the need of hard coding. Third; To make it quick the script should be trigged by a simple event like hitting one key on your keyboard. Fourth; The script should be able to set different type of orders depending on which key is hit.
Theres other things that should be considered to make it a versatile script.
The Cockeyed Cowboy
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