Well working Trading System ! - page 55
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Start Time
For TrendEnvelopExpert 2.2
is the start time my time, or the brokers time.
If I want the start time to be 8am, do I set it for 8 am my time or my brokers time?
settings.
Shouldn't I have something in the
StopLoss, Takeprofit, BreakEven etc?
How should I set these. I want to have the smallest drawdown possible to make it work.
Differences
What is the difference between 2.2 and 2.4 version?
looks like 2.2 is trading a lot better then the 2.4 that I tested.
Close Hour / TrendEnvelopExpert 2.2
What is difference between Close Hour and Close Time.
I see both, should they both be set to 24?
Does that mean it will close every trade at 12 midnight?
For TrendEnvelopExpert 2.2
is the start time my time, or the brokers time.
If I want the start time to be 8am, do I set it for 8 am my time or my brokers time?Broker time. Everywhere is broker time. No any local time anywhere.
Shouldn't I have something in the
StopLoss, Takeprofit, BreakEven etc?
How should I set these. I want to have the smallest drawdown possible to make it work.This EA is having stop loss coded inside ...
Anyway, it is MTF EAs (2.2 version) and as any MTF - so it is very risky concernng drawdown and everything.
You can read this thread https://www.mql5.com/en/forum/178788 and this one for more information:
TrendEnvelopeExpert_v2.2 EA: trading manually and explanation starting from this page till this one.
What is the difference between 2.2 and 2.4 version? looks like 2.2 is trading a lot better then the 2.4 that I tested.
Look at the links above.
What is difference between Close Hour and Close Time.
I see both, should they both be set to 24?
Does that mean it will close every trade at 12 midnight?I open this EA (2.2 version) in MetaEditor and found explanation inside:
Time_Inputs = " Timing parameters ";
StartHour = 0; // Start Hour of Trade Session
StartMinute = 0; // Start Minute of Trade Session
EndHour = 23; // End Hour of Trade Session
EndMinute = 0; // End Hour of Trade Session
CloseTimeMode = 0; // CloseTime mode: 0-off,1-on
CloseHour = 24; // Trade Close Hour
CloseMinute = 0; // Trade Close Minute
ProcessTime = 5; // Processing Time in min
-----------
EAs with the settings: see post #20 of this thread.
Hello
https://www.mql5.com/en/forum/174793/page32
In here "n my settings for EURUSD this indicator is used in the following mode:
TE_Mode = 1; // TE Mode: 0-off, 1-trend (confirmation), 2-signal" but when running TrendEnvelopes_v2 indicator, there is no such parameter in Input.
How do I set TE_Mode ? Do I have to edit the mq4 ?
Same for Trend Strength TS_Mode.
I did not attach EAs. Only indies are attached. Is this ok to trade manually ?
The other question:
For these indies
https://www.mql5.com/en/forum/174793 post#470, only EURUSD work ? Not for any other currency pairs ? And what Time Frame ?
Best
pjo
It works for any pair but I am using it for EURUSD only - because I could not find the settings of this EA for the other pairs.
H1 timeframe.
Thanks.
Question on TE_Mode was not answered.
Please make a comment on this.
pjo
Thanks.
Question on TE_Mode was not answered.
Please make a comment on this.
pjoTE_Mode is just for the EA not the indicator.
TE_Mode is just for the EA not the indicator.
Thanks. Do I need to run EA to trade manually ?