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watch this video. can be interesting
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nordic_

Member Since Feb 16, 2012  83 posts Steve Walker (nordic_) Feb 24 2012 at 19:50
one of the main improvement is the horizantal Yellow and Red dash-dot lines.

yellow is TP
Red is SL

when I move those with mouse TP SL is changing automaticly by EA. when all orders closed EA deleted them and with new order those lines are printed again.

I will keep posting some daily trades.

walker

Trade the Trend Defend to Price
nordic_

Member Since Feb 16, 2012  83 posts Steve Walker (nordic_) Feb 24 2012 at 20:02
what is the logic behind this system.

when I was coding EA s I noticed that price is reacting according to different levels.

eg..
MA 30
MA 200
PSAR
BBands
Daily Pivot
Daily High
Daily Low
Trend Lines
and other pairs.

but this is nearly impossible to code all possibilities( for me ). So I decided trade those manually with memorized patterns.

Trade the Trend Defend to Price
nordic_

Member Since Feb 16, 2012  83 posts Steve Walker (nordic_) Feb 24 2012 at 20:23
this was a risky trade
sHs

see how I enter while price moving against the trade. and this was a winner.

you can find all those trades at _somehow-3 history regarding the file name. it is including the pair - date - time - direction.

Open_S_Demo_147026_GBPUSD_2_23_2012__13_48_43__sh


Attachments:

Trade the Trend Defend to Price
nordic_

Member Since Feb 16, 2012  83 posts Steve Walker (nordic_) Feb 24 2012 at 20:27 (edited Feb 24 2012 at 20:28 )
this was a looser with price averaging and closed before SL hit. ( double Loss )

when I noticed that it will fail I did reduce the TP but no chance. I could exit BE but did not. shame on me. US session!

it break down MA30 , micro,main,macro trendlines






Attachments:

Trade the Trend Defend to Price
nordic_

Member Since Feb 16, 2012  83 posts Steve Walker (nordic_) Feb 24 2012 at 20:30
the trendlines that EA printing is filtered. I improved that filter while coding EA s. when all printed it becomes mess and difficoult to find the correct levels.

Trade the Trend Defend to Price
Chikot

Member Since Jan 14, 2010  2199 posts Chikot Feb 24 2012 at 21:01
Steve, are all those indicators?

nordic_

Member Since Feb 16, 2012  83 posts Steve Walker (nordic_) Feb 25 2012 at 15:37
MA30
MA200
BBands
PSAR
those are the indicators to define different levels.

I dont use PSAR very often but I started that way so I will not change.

Trade the Trend Defend to Price
nordic_

Member Since Feb 16, 2012  83 posts Steve Walker (nordic_) Feb 25 2012 at 16:46
Chikot I dont use those indicators as conventional way. I use them to determine my patterns. indicators are junk.

Trade the Trend Defend to Price
nordic_

Member Since Feb 16, 2012  83 posts Steve Walker (nordic_) Feb 25 2012 at 16:58
reviewed:
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.
also added Alarm sound to catch deep markets when I am not following.
- 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 15 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 == 7 PIP . FIX_SL == 10 PIP. this will give me 1:20 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*0.95
            if (AccountEquity() <= AccountBalance()*0.950){end=true;CloseAll(Brown);deleteAllL();deleteAllS();}
  this will prevent me from lossing > %5 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.
- added Force TP. when price trigger TP but in the case of TP execution fail at broker server side, EA will close trade. ( I had one experience and it did worked )
- added Force SL. when price trigger SL but in the case of SL execution fail at broker server side, EA will close trade.
- added MFE, MAE values to collect trade statistics.

Trade the Trend Defend to Price
Chikot

Member Since Jan 14, 2010  2199 posts Chikot Feb 25 2012 at 17:22
I think it's getting hard to see price action behind those indicators.
I use none.
Been watching price moving pip by pip long enough to at least say when my stop gonna get hit wink

   nordic_ posted:
   Chikot I dont use those indicators as conventional way. I use them to determine my patterns. indicators are junk.


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