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FX Rogue Wave 2.1 Mod3 MT4 625 (By forex_trader_20011)

The user has deleted this system.

FX Rogue Wave 2.1 Mod3 MT4 625 Discussion

Apr 08, 2014 at 01:48
807 Views
69 Replies
ibthescottyb
forex_trader_20011
Member Since Oct 08, 2010   407 posts
Apr 10, 2014 at 01:33



Nice breakout on the AUD news event, price immediately hit trailing stop target.
ibthescottyb
forex_trader_20011
Member Since Oct 08, 2010   407 posts
Apr 10, 2014 at 01:34
To improve Risk ratio, I lowered order sequence size to compensate for higher SL value.

Order1 = .06
Order2 = .12
Order3 = .24
Order4 = .48
Member Since Dec 15, 2010   795 posts
Apr 10, 2014 at 01:52
I like the values... for $350 size account or $1000 ?
Click on my Name to see My Live Charts and Bio.
ibthescottyb
forex_trader_20011
Member Since Oct 08, 2010   407 posts
Apr 10, 2014 at 01:55
Current account balance $311 on IBFX mini account. I adjust the lotsize sequence based on account size while attempting to limit total usage of account to around 50% if all 4 trades utilized.
ibthescottyb
forex_trader_20011
Member Since Oct 08, 2010   407 posts
Apr 10, 2014 at 02:04
This news event awarded us a few pips before reversing and hitting our trailing stop.

Member Since Dec 15, 2010   795 posts
Apr 10, 2014 at 02:35
With that screen shot, I can see the break out and retracement from the blue buy to the red candle. Im loving this .. Your monthly ratio is climbiing.... keep posting the charts. Its fun to see. I will try and remember to find the video screen saver this afternoon. Can video be posted here?
Garry
Click on my Name to see My Live Charts and Bio.
ibthescottyb
forex_trader_20011
Member Since Oct 08, 2010   407 posts
Apr 10, 2014 at 02:37
I do not know if video can, but it might be. I will keep providing play by plays. 😁
ibthescottyb
forex_trader_20011
Member Since Oct 08, 2010   407 posts
Apr 10, 2014 at 12:24
EURUSD setup prior to the Unemployment claims report. Not trading alligator, but S/R channel for event

ibthescottyb
forex_trader_20011
Member Since Oct 08, 2010   407 posts
Apr 10, 2014 at 13:31
The Unemployment news event did not create a breakout impulse. I removed Rogue Wave from the chart.
ibthescottyb
forex_trader_20011
Member Since Oct 08, 2010   407 posts
Apr 10, 2014 at 22:15




Here we have what I hope is the perfect time to place the EA. Intertwined alligator lines in a tight channel, Gator indicator very tight, and a fair distance away from support and resistance lines. We will see. Rogue Wave is loaded and waiting for a price movement impulse up or down.
ibthescottyb
forex_trader_20011
Member Since Oct 08, 2010   407 posts
Apr 10, 2014 at 23:00



Since I am still looking for bugs in the software, I went ahead and lowered the money management and loaded FX Rogue Wave on 4 pairs.
ibthescottyb
forex_trader_20011
Member Since Oct 08, 2010   407 posts
Apr 10, 2014 at 23:01
AUDUSD and EURJPY are the best alligator candidates for this evening.
Member Since Dec 15, 2010   795 posts
Apr 11, 2014 at 00:48
I see the smaller lot size on the trade. I love that part when it multiples up and profits!
Click on my Name to see My Live Charts and Bio.
ibthescottyb
forex_trader_20011
Member Since Oct 08, 2010   407 posts
Apr 11, 2014 at 01:18
I had to lower the lot size to account for 4 charts being traded with a maximum of 4 orders per sequence per chart.

.02
.04
.08
.16

AUDUSD closed at order #1 with a win.
EURJPY and GBPJPY both opened Order1 with a reversal to hit SL.
Member Since Dec 15, 2010   795 posts
Apr 11, 2014 at 01:35
Yep, and Im watching your live trade now.. its beginning too profit .... smile. HAve you added Trailing stop yet to the EA? Im thinkiing you said it does have it. I love the fact that the EA can turn the other direction and continue to trade when the indicator is active, in the other directiion.
Click on my Name to see My Live Charts and Bio.
ibthescottyb
forex_trader_20011
Member Since Oct 08, 2010   407 posts
Apr 11, 2014 at 01:41
Trailing stop was there and triggered on the AUDUSD, but I was looking at sooo much support, I did not feel the pair would move too much further in profit, so I closed it to lock in what I had gained.
ibthescottyb
forex_trader_20011
Member Since Oct 08, 2010   407 posts
Apr 11, 2014 at 01:43
As you can see, it flattened out.

ibthescottyb
forex_trader_20011
Member Since Oct 08, 2010   407 posts
Apr 11, 2014 at 02:07
Professor53 posted:
I see the smaller lot size on the trade. I love that part when it multiples up and profits!

Thanks Professor - my favorite thing about FX Rogue Wave is that when I see a Bill Williams Alligator setup or news event pending, I can just set it up and walk away and it does the rest of the work.
ibthescottyb
forex_trader_20011
Member Since Oct 08, 2010   407 posts
Apr 11, 2014 at 02:14
Crap - I just noticed my math was wrong in setting up the money management. It should have been.
.02, .04, .08, .16.

Stupid me, I had in the EA .02, .04, .06, .08.

Well, we will see how it does tonight with the breakout and learned a lesson in the process. CHECK THE MATH. LOL😁
Member Since Dec 15, 2010   795 posts
Apr 11, 2014 at 02:35 (edited Apr 11, 2014 at 02:36)
2, 4, 6 8 who do we appreciate? lol
ya never know.. it might be the best logic yet? MANY, MANY inventions were accidents...
Click on my Name to see My Live Charts and Bio.
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