nanningbob, this new method of trading sounds great. Going forward, we could use it with some adjustment for 18 currency pair just like 100x80 but with much less margin and much more profit
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Dislikednanningbob, this new method of trading sounds great. Going forward, we could use it with some adjustment for 18 currency pair just like 100x80 but with much less margin and much more profitIgnored
DislikedIf the pip spread is 30 pips it will enter 30 pips before the line. This how I want to attack the pip spread problem. Stay out of the middle. Hope that makes sense to you. The one problem i see is the stop loss when the spread hits bigger than 30. I am going to test this without a stop loss and see what happens. The pip spread has been causing margin problems for me so with only 4 or 5 entries I hope to solve that problem.Ignored
DislikedSince the PA always drops back to mean after running the big fat red line it may be extremely profitable to not use a stop at all with the understanding that when it goes wild one is going to have a nervous breakdown. Getting paid to have a nervous meltdown could be a suitable job description. I mean, YOU KNOW IT'S GOING TO COME BACK AND TAKE PROFIT.Ignored
Dislikednanningbob, this new method of trading sounds great. Going forward, we could use it with some adjustment for 18 currency pair just like 100x80 but with much less margin and much more profitIgnored
DislikedYes, I see that the pip spread is a problem when entering. When going short the buy price rises above the green line and the sell price is below the green line then you will have a stoploss below the outer thick red line. Maybe one would want to add the avg spread to the 80 pip distance from 40 MA. Say your broker generally has a spread of 14 pips then add that to the 80 to get as close as possible to the green line....Ignored
DislikedThat's the problem, how do u know it will come back this time round ? If u knew, wouldn't u bet 50 lot on it ? If u knew something is gonna happen for sure, all u need is just 1 GOOD trade and u can retire for the rest of your life.Ignored
DislikedYes, I see that the pip spread is a problem when entering. When going short the buy price rises above the green line and the sell price is below the green line then you will have a stoploss below the outer thick red line. Maybe one would want to add the avg spread to the 80 pip distance from 40 MA. Say your broker generally has a spread of 14 pips then add that to the 80 to get as close as possible to the green line....Ignored
DislikedI started with 50 and added another 30 to cover the pip spread. I think that should be enough. Now if we start seeing 70 pip spreads. Then we can play the shoot the broker game.Ignored
Dislikedi think the best part is we are able to trade 1,000 base currency with little amount of money which means we are not stuck with only trading with IBFX nano lot.
I have a few question for nanningbob.
1) Why use MA based on 1 H TF ? Why not 5 mins chart or any other time frame ?
2) All the lines together looks like COG (center of gravity) indicator. I know that COG repaints, does the template u provided repaint as well ?
Lastly, AUDNZD magic is on lower TF (bounds up and down), higher TF like 1H don't make full advantage of it's character. Maybe...Ignored
Dislikednanningbob excuse me but this is the first time im in your thread and it looks promising...if uploaded the EA but little bit confused...
if i have the EA do i need to put the ma's in the chart also?
thanxIgnored
Dislikednanningbob excuse me but this is the first time im in your thread and it looks promising...if uploaded the EA but little bit confused...
if i have the EA do i need to put the ma's in the chart also?
thanxIgnored
DislikedThis may seem like a silly question but am going to ask anyway.
If the EA places a SELL ABOVE the green line, and the price continues to rise to the next yellow line, I assume the EA places another SELL. Does the EA take a profit from the price rising from the green to the first yellow at the same time? (ie it opened a buy and sell at the green line)?
Thanks for your time and all your efforts.
AndyIgnored