20 pips system - page 15
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Hi,
I think its not about time, you could be trapped if you were on the wrong side at any time, entering the position based on the signal should be only if it favours the daily time frame trend.
-Dom
Hi,
I think its not about time, you could be trapped if you were on the wrong side at any time, entering the position based on the signal should be only if it favours the daily time frame trend.
-DomRight.
I agree.
Updated statement.
Hi ND,
Please send the new prices for today too when you place them.
Thanks a lot
Hi ND,
Please send the new prices for today too when you place them.
Thanks a lotSo, yesterday's pending orders were closed in profit for USDCAD, EURJPY and EURCHF (buy was opened on Monday).
60 pips for today.
From the beginning of the testing this system did the following:
USDCHF +100 pips (5 trades).
GBPUSD +113 pips (6 trades).
USDJPY +76 pips (4 trades).
EURUSD +80 pips (4 trades).
USDCAD +120 pips (6 trades).
EURCHF +141 pips (7 trades).
EURJPY +91 (5 trades).
AUDUSD +140 pips (7 trades).
No manual intervertion (no any orders were closed manually).
Two orders are opened now: sell EURCHF +12 pips and buy GBPUSD -147 pips.
New prices for today.
AUDUSD:
Price is inside the channel - not trading.
EURGBP:
Price is inside the channel - not trading.
EURJPY:
buy stop order at 144.94.
profit at 145.14.
USDJPY:
sell stop order at 113.59.
profit at 113.39.
USDCAD:
sell stop order at 1.1148.
profit at 1.1128.
USDCHF:
sell stop order at 1.2221.
profit at 1.2201.
EURCHF:
buy stop order at 1.5601.
profit at 1.5621.
EURUSD:
buy stop order at 1.2781.
profit at 1.2801.
GBPUSD:
buy stop order at 1.8552.
profit at 1.8572.
I did not check the direction of daily trend. Just placed the pending orders.
So, yesterday's pending orders were closed in profit for USDCAD, EURJPY and EURCHF (buy was opened on Monday).
60 pips for today.
From the beginning of the testing this system did the following:
USDCHF +100 pips (5 trades).
GBPUSD +113 pips (6 trades).
USDJPY +76 pips (4 trades).
EURUSD +80 pips (4 trades).
USDCAD +120 pips (6 trades).
EURCHF +141 pips (7 trades).
EURJPY +91 (5 trades).
AUDUSD +140 pips (7 trades).
No manual intervertion (no any orders were closed manually).
Two orders are opened now: sell EURCHF +12 pips and buy GBPUSD -147 pips.
New prices for today.
AUDUSD:
Price is inside the channel - not trading.
EURGBP:
Price is inside the channel - not trading.
EURJPY:
buy stop order at 144.94.
profit at 145.14.
USDJPY:
sell stop order at 113.59.
profit at 113.39.
USDCAD:
sell stop order at 1.1148.
profit at 1.1128.
USDCHF:
sell stop order at 1.2221.
profit at 1.2201.
EURCHF:
buy stop order at 1.5601.
profit at 1.5621.
EURUSD:
buy stop order at 1.2781.
profit at 1.2801.
GBPUSD:
buy stop order at 1.8552.
profit at 1.8572.
I did not check the direction of daily trend. Just placed the pending orders.Hi ND,
so do u check the daily trend and then place the orders or ??? i mean do you use any other indicator aswell or just place the pending orders..
and what you gonna do with this GBP trade...??
Thanks
Babar
Hi ND,
so do u check the daily trend and then place the orders or ??? i mean do you use any other indicator aswell or just place the pending orders..
and what you gonna do with this GBP trade...??
Thanks
BabarNothing I can do with GBPUSD. It is -160 pips now and the price is trying to be reversed to uptrend. If not - will closed. It is enough pips already: +861 pips in profit. And the other 20-pips order was closed already now. So it is about +900. We may wait for this GBPUSD.
I am not placing pending orders if the price is too closed (20 pips let's say) to the possible order. It is some kind of protection (it was too closed on GBPUSD in that time).
I did not check the daily trend yet.
Will do it from the next week.
I think everything will be ok.
So, yesterday's pending orders were closed in profit for USDCAD, EURJPY and EURCHF (buy was opened on Monday).
60 pips for today.
From the beginning of the testing this system did the following:
USDCHF +100 pips (5 trades).
GBPUSD +113 pips (6 trades).
USDJPY +76 pips (4 trades).
EURUSD +80 pips (4 trades).
USDCAD +120 pips (6 trades).
EURCHF +141 pips (7 trades).
EURJPY +91 (5 trades).
AUDUSD +140 pips (7 trades).
No manual intervertion (no any orders were closed manually).
Two orders are opened now: sell EURCHF +12 pips and buy GBPUSD -147 pips.
New prices for today.
AUDUSD:
Price is inside the channel - not trading.
EURGBP:
Price is inside the channel - not trading.
EURJPY:
buy stop order at 144.94.
profit at 145.14.
USDJPY:
sell stop order at 113.59.
profit at 113.39.
USDCAD:
sell stop order at 1.1148.
profit at 1.1128.
USDCHF:
sell stop order at 1.2221.
profit at 1.2201.
EURCHF:
buy stop order at 1.5601.
profit at 1.5621.
EURUSD:
buy stop order at 1.2781.
profit at 1.2801.
GBPUSD:
buy stop order at 1.8552.
profit at 1.8572.
I did not check the direction of daily trend. Just placed the pending orders.USDCAD was executed at 13:01 MetaTrader's time and was closed at 13:06 with 20 pips in profit.
Order with GBPUSd is still open with -180.
nb, are you planning to place any stoploss to the method?
nb, are you planning to place any stoploss to the method?
I wanted but it is impossible in most cases. Because the price is too far from the possible orders sometimes. To do it it is necessary to manage the trades 24/7.