This will be fun to listen to PipIdiot™ with the sound on!! (machine gun)
ok...I do not know what wolfe is doing today...maybe he has time ...don't really know...maybe we will get PipIdiot™ next week or maybe today...This is Sunday morning...and I really should not be awake yet...it is very early here. But there is no hurry as we have TFX to test also...do not forget that TFX EA with all of those options we have not even touched yet.
I know...I know...your all excited about the machine gun...but be patient...
This is commonly referred to as a Time Filter.
Here is a Trader to Trader Disclaimer that I wrote some years ago
THE RISK OF LOSS IN TRADING RETAIL SPOT FOREX CAN BE SUBSTANTIAL. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. IN CONSIDERING WHETHER TO TRADE OR TO AUTHORIZE SOMEONE ELSE TO TRADE FOR YOU, YOU SHOULD BE AWARE OF THE FOLLOWING:
IF YOU PURCHASE AN INSTRUMENT KNOWN AS A PAIR IN RETAIL SPOT FOREX, YOU MAY SUSTAIN A TOTAL LOSS OF YOUR CAPITAL AND ALL OF THE TRANSACTION COSTS DISGUISED AS SPREADS. DO NOT CONFUSE "COMMISSION FREE" WITH "NO COSTS" FOR TRADING. THESE COSTS CAN BE DISGUISED IN THE SPREADS OR THE QUOTES THAT YOU SEE AND/OR GET EXECUTED UPON.
IF YOU PURCHASE OR SELL AN INSTRUMENT OR PAIR IN RETAIL SPOT FOREX , YOU MAY SUSTAIN A TOTAL LOSS OF THE INITIAL MARGIN FUNDS AND ANY ADDITIONAL FUNDS THAT YOU DEPOSIT WITH YOUR DEALER/MARKETMAKER TO ESTABLISH OR MAINTAIN YOUR POSITION. IF THE MARKET MOVES AGAINST YOUR POSITION, YOU MAY BE CALLED UPON BY YOUR DEALER/MARKETMAKER, TO DEPOSIT A SUBSTANTIAL AMOUNT OF ADDITIONAL MARGIN FUNDS, ON SHORT NOTICE, IN ORDER TO MAINTAIN YOUR POSITION. IF YOU DO NOT PROVIDE THE REQUESTED FUNDS WITHIN THE PRESCRIBED TIME, YOUR POSITION MAY BE LIQUIDATED AT A LOSS. YOU COULD BE LIABLE FOR AN ADDITIONAL LOSS OR NEGATIVE BALANCE ACCORDING TO YOUR DEALER/MARKETMAKER AGREEMENT.
UNDER CERTAIN MARKET CONDITIONS, YOU MAY FIND IT DIFFICULT OR IMPOSSIBLE TO LIQUIDATE A POSITION. MOST DEALERS/MARKETMAKERS ELECTRONICALLY EXECUTE YOUR EXIT IF NEEDED AND WHEN THERE IS TIME YOU MAY OR MAY NOT HAVE A WARNING.
THE PLACEMENT OF CONTINGENT ORDERS BY YOU OR YOUR TRADING ADVISOR, SUCH AS A "STOP-LOSS" OR "STOP LIMIT" ORDER, WILL NOT NECESSARILY LIMIT YOUR LOSSES TO THE INTENDED AMOUNTS, SINCE MARKET CONDITIONS MAY MAKE IT IMPOSSIBLE TO EXECUTE SUCH ORDERS. THERE IS NEVER A GUARANTY IN THIS BUSINESS..TO REPEAT THERE ARE NO GUARANTEES FOR FILLS TO BE EXECUTED AS ENTERED.
A "SPREAD", "GRID" "HEDGED" OR "BRACKETED" POSITION MAY NOT BE LESS RISKY THAN A SIMPLE "LONG" OR "SHORT" POSITION.
THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN RETAIL SPOT FOREX TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS.
IN SOME CASES, MANAGED RETAIL SPOT FOREX ACCOUNTS ARE SUBJECT TO SUBSTANTIAL CHARGES FOR MANAGEMENT AND ADVISORY FEES. IT MAY BE NECESSARY FOR THOSE ACCOUNTS THAT ARE SUBJECT TO THESE CHARGES TO MAKE SUBSTANTIAL TRADING PROFITS TO AVOID DEPLETION OR EXHAUSTION OF THEIR ASSETS.
THIS BRIEF STATEMENT CANNOT DISCLOSE ALL THE RISKS AND OTHER SIGNIFICANT ASPECTS OF THE PARTIALLY REGULATED RETAIL SPOT FOREX MARKET.
YOU SHOULD BE AWARE TRANSACTIONS ON MARKETS LOCATED OUTSIDE THE UNITED STATES, INCLUDING MARKETS FORMALLY LINKED TO A UNITED STATES MARKET MAY BE SUBJECT TO REGULATIONS WHICH OFFER DIFFERENT OR DIMINISHED PROTECTION. FURTHER, UNITED STATES REGULATORY AUTHORITIES MAY BE UNABLE TO COMPEL THE ENFORCEMENT OF THE RULES OF REGULATORY AUTHORITIES OR MARKETS IN NON-UNITED STATES JURISDICTIONS WHERE YOUR TRANSACTIONS MAY BE EFFECTED. BEFORE YOU TRADE YOU SHOULD INQUIRE ABOUT ANY RULES RELEVANT TO YOUR PARTICULAR CONTEMPLATED TRANSACTIONS AND ASK THE FIRM WITH WHICH YOU INTEND TO TRADE FOR DETAILS ABOUT THE TYPES OF REDRESS AVAILABLE IN BOTH YOUR LOCAL AND OTHER RELEVANT JURISDICTIONS.
YOU SHOULD ALSO BE AWARE THAT THE SECONDARY MARKET MAY CLOSELY TRACK THE QUOTES OFFERED AND EXTRAPOLATED FROM THE QUOTES THAT MANY BANKS USE WHEN TRADING BETWEEN THEMSELVES, BUT THE SECONDARY MARKET IS JUST WHAT IT IMPLIES. THE QUOTES YOU SEE AND THE EXECUTIONS YOU GET ARE ALL CONTROLLED BY THE DEALER/MARKETMAKER AND MAY NEVER HAVE A RELATIONSHIP TO WHAT IS COMMONLY REFFERRED TO AS THE INTERBANK MARKET.
Do you feel that there will be one trade-set per session-start.. (there are three sessions)
Do you folks realize that if wolfe and I were Vendors...we could have a website?...
But do not worry we are not...we do work well together and I am pleased. We are simply traders searching for an EA that works.
wolfe does 75% of the work and I talk to his fans...
as my experiments ,the best time for begin the trade is 5 GMT. specially on cable
How many times does it use AutoRestart?
How much profit do you go for?
and...how in the world would you test this manually?
I could imagine that the lag input is important on PipIdiot™. One can widen it if he does not prefer many trades and wants to wait for more extreme entries.
Hey...that is where pyramid false might work....with a big lag....on the one minute or 5 minute...hehe (sorry kayvan)
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