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watch this video. can be interesting
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Chikot

Member Since Jan 14, 2010  2232 posts Chikot Feb 18 2012 at 22:15
I also do not think I will ever trade with high risk. if everything goes well this and next month I will double size per pip and this will be my maximum.

nordic_

Member Since Feb 16, 2012  83 posts Steve Walker (nordic_) Feb 19 2012 at 15:49 (edited Feb 19 2012 at 16:20 )
what s changed:

Lessons learned from DEMO & LIVE:

- added a very simple self coded indicator to Bar chart to see the market depth. this will prevent me from shallow market trades.
- deleted all indicators that I used to make Bar chart size smaller. ( I was not using them. only to have shorter bar chart height to determine patterns better ) except tick indicator.
- added 5 min chat for each pair. this will keep 1min chart height shorter and also will show me the bigger trend patterns. while my screen is divided into 3 symbol it is very difficoult to see the main trend from 1 min chart due to low bar number.
- FIX_TP == 5 PIP . FIX_SL == 10 PIP. this will give me 1:2.50 RR ratio when calculated with comission
  in theory I will not wait for the SL. this is to keep me from fast price moves or spikes. the main exit is my exit strategy and manual exit.
- TP and SL can be changed directly from chart for the pattern levels with mouse click and move.
- added a CLOSEALL logic in the case of floating loss > accountbalance*0.75
            if (AccountEquity() <= AccountBalance()*0.750){end=true;CloseAll(Brown);deleteAllL();deleteAllS();}
  this will prevent me from lossing > %25 of equity in the case of idiotic trade actions.
- limited max number orders with 2 for each pair at the same time.
- added sound warnings when order executed from keyboard. this will warn me in the case of wrong trades taken.
- reduced max spread from 2.00 PIP to 1.50 PIP.
- reduced max price change from 2 PIP to 1 PIP while order execution.

starting from Monday.

Trade the Trend Defend to Price
nordic_

Member Since Feb 16, 2012  83 posts Steve Walker (nordic_) Feb 19 2012 at 22:12
those changes ( all technical ) will keep my mind & trades into a safe trade zone. the rest is the to trade the patterns and stay away from price actions.

trade the trend defend to price.


Trade the Trend Defend to Price
nordic_

Member Since Feb 16, 2012  83 posts Steve Walker (nordic_) Feb 19 2012 at 22:12
I reduced the max floating loss limit from %25 to %10. %25 it too much not and not needed. due there will be no rescue ( suicide ) operation.



   nordic_ posted:
   what s changed:

Lessons learned from DEMO & LIVE:

- added a very simple self coded indicator to Bar chart to see the market depth. this will prevent me from shallow market trades.
- deleted all indicators that I used to make Bar chart size smaller. ( I was not using them. only to have shorter bar chart height to determine patterns better ) except tick indicator.
- added 5 min chat for each pair. this will keep 1min chart height shorter and also will show me the bigger trend patterns. while my screen is divided into 3 symbol it is very difficoult to see the main trend from 1 min chart due to low bar number.
- FIX_TP == 5 PIP . FIX_SL == 10 PIP. this will give me 1:2.50 RR ratio when calculated with comission
  in theory I will not wait for the SL. this is to keep me from fast price moves or spikes. the main exit is my exit strategy and manual exit.
- TP and SL can be changed directly from chart for the pattern levels with mouse click and move.
- added a CLOSEALL logic in the case of floating loss > accountbalance*0.75
            if (AccountEquity() <= AccountBalance()*0.750){end=true;CloseAll(Brown);deleteAllL();deleteAllS();}
  this will prevent me from lossing > %10 of equity in the case of idiotic trade actions.
- limited max number orders with 2 for each pair at the same time.
- added sound warnings when order executed from keyboard. this will warn me in the case of wrong trades taken.
- reduced max spread from 2.00 PIP to 1.50 PIP.
- reduced max price change from 2 PIP to 1 PIP while order execution.

starting from Monday.


Trade the Trend Defend to Price
nordic_

Member Since Feb 16, 2012  83 posts Steve Walker (nordic_) Feb 19 2012 at 22:13
I had BT ed some days from 2012 and 2011. traded manually with strategy taster. it is 10 to 20 times faster then normal chart action. tested exit strategies. when trading the patterns its ok. when I cought by the price actions I loose. which is normal. now demo test strating from monday will show how I handle with tight exit strategies.

what I noticed is generally Mondays are sideways market on 1min chart. generally it is not making the second move or very rare.

EA also capturing all trades screen shots. when have time I will start to post them here at this thread.

Trade the Trend Defend to Price
nordic_

Member Since Feb 16, 2012  83 posts Steve Walker (nordic_) Feb 19 2012 at 22:13
I still making mistakes after daily goal achived. I canceled my daily goal target. when I feel enough I will stop trading. profit or loss.

Trade the Trend Defend to Price
nordic_

Member Since Feb 16, 2012  83 posts Steve Walker (nordic_) Feb 20 2012 at 20:31 (edited Feb 20 2012 at 21:00 )
today market is moving step>step. low liquidation. US holiday. I will keep trading to move BE if I can. I made wrong desecions. when market is not liquid I am having difficulties catching the trend and reading patterns.

Trade the Trend Defend to Price
nordic_

Member Since Feb 16, 2012  83 posts Steve Walker (nordic_) Feb 20 2012 at 20:35 (edited Feb 20 2012 at 21:01 )
now I had understand why I fail. when market is too slow I fail to make correct desecions.
I had an average enter stay exit time in my mind. when market is too slow this average is failing according to current market speed. this make me enter stay exit with wrong time constants.


Trade the Trend Defend to Price
nordic_

Member Since Feb 16, 2012  83 posts Steve Walker (nordic_) Feb 20 2012 at 20:36
basicly when trading with 1min chart pauses ( no price movements for sometime ) is the part of the signal exit and enter. but when it moves step>step then there are a lot of those pauses and this make decide wrong.


Trade the Trend Defend to Price
nordic_

Member Since Feb 16, 2012  83 posts Steve Walker (nordic_) Feb 20 2012 at 20:36
think that way, every day you are reading a single line from a book. then it is difficoult to bring the story togather.


Trade the Trend Defend to Price
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