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watch this video. can be interesting

Steve Walker
walker36
Dec 20 2011 at 10:10
1341 posts
Steve Walker
walker36
Dec 20 2011 at 12:00
1341 posts
UNDERSTANDING EURUSD_PART-1:

guys and gals

when EURUSD trade 1.2100 and lower price actions will be faster and more volatil. the reason is traders can trade more LOTS with lower EURUSD currency.

bascily when USD more strong then EURO trades will be more difficoult

walker

Steve Walker
walker36
Dec 20 2011 at 12:11
1341 posts
UNDERSTANDING EURUSD_PART-2:

what this sketch means.

when you look at the sketch you will see reverse letter 'J'. the main patterns are the combination of this shape.
notice that the UPTREND and DOWNTREND 'J' shapes are mirrored VERTICALLY not HORIZANTALLY.

this means the patterns are shaping around the TIME axes not PRICE axes.

this means if you dont have TIME in your functıon the system will not work correctly.

so basicly we are not trading only PRICE we are trading PRICE combined with TIME.




   walker36 posted:
   explanation will follow later





Steve Walker
walker36
Dec 20 2011 at 12:39
1341 posts
UNDERSTANDING EURUSD_PART-3:

regarding the sketch the dashed horizontal yellow line represent the zero line of the ındicators. with this we loose the half of the pattern and the rest may not enough to create profit and trades will fail with SL.

also the downtrend algo is definetly not will be the horizantally mirrored code of the uptrend algo. this will fail.the code should be mirrored vertically.

Steve Walker
walker36
Dec 20 2011 at 12:40
1341 posts

I am currently coding a new EA without using any price info. it is not using any of the followings like

Open[0] , Close [0] .................

those means nothing. I am using a new self coded fractal indicator. currently coded the long but not the short yet. trades around 20 times a year. not so frequent. but strong.


Steve Walker
walker36
Dec 20 2011 at 12:44
1341 posts
as I get informed MT4 build 400 and over is pushing CPU much more then older versions. this can not be fixed with additional memory.

that can effect your VPS performance.

walker

Steve Walker
walker36
Dec 20 2011 at 16:56
1341 posts
grid traders I dont advise this type of trade but if you insist then use 5min chart to trade. you will have more waves to rescue your account then bigger time frames.


Steve Walker
walker36
Dec 21 2011 at 03:22
1341 posts
ok guys

currently determining my Trade levels with Time. this seems strange but eg for long my time limit tells me to stop trading that price reached the top.

I guess this will help the trades to make them winners.

walker

Steve Walker
walker36
Dec 21 2011 at 03:43
1341 posts
when coding an EA or creating a strategy the most important parameter is %DD not the %Profit. keep in mind.

Steve Walker
walker36
Dec 23 2011 at 01:16
1341 posts
when you will BT your grid EA

for short test 2007
for long test 2010

😉

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