FX Rogue Wave 3.0 Reversal Strategy - Acct #1 Discussion

Looks good!

Glad to see that USDJPY sequence finally clear - now juts have to wait for the EURUSD do the same to finish the year strong.

ibthescottyb posted:
Once the indicators detect a trend movement, the EA begins trading. The sooner this detection takes place, the sooner trading begins. I use the 1m chart on EURUSD – GBPUSD – USDCAD – USDJPY – AUDUSD – NZDUSD – EURJPY – USDCHF.

As requested, I have attached the user guide. This is the same user guide that my customers receive that request an evaluation copy.

hi,

i am interested to test the ea in demo. where i can get the files from the manual?:

a. FXRogueWave3.1.ex4
c. FX Rogue Wave indicator.ex4
d. FX Rogue Wave.tpl template

many thanks

it would be great to have one more parameter:

when for example equity is in profit with 150 $ close all trades and start new.

HI Braddock - the files in the manual are not NEEDED for testing. It just makes it prettier. FXRogueWave3.1.ex4 is the only item needed to run. But I have added them here. I also added for you a script that I had that will close all orders when placed on a chart.

Enjoy!

thanks a lot, will test

10000 $ account killed at 5 th of september 2014....started at 1 of september 2014....

default settings, broker ic markets ecn

sorry here is the correct file

tp 20 and trigger 60 looks very good at same time

braddock posted:
10000 $ account killed at 5 th of september 2014....started at 1 of september 2014....

default settings, broker ic markets ecn

What type of account? From the user guide...

First we need a basic understandings of Lot Sizes:
One Standard Lot = 100,000 Units of currency
One Micro Lot = 10,000 units of currency
One Nano Lot = 1,000 units of currency

Brokers can allow you to trade in various ways. Check with your broker to verify “how many units do they consider to be One Lot?”. This is a different question than what is the minimum a broker will allow you to trade.

Also, due to the power of the martingale AND the fact that you can be in as many as 20 trades at the same time per pair, account leverage can be a huge factor.

The less equity you are using to open a position, the more equity you have to be in more positions and handle whatever draw down may occur. If used wisely, the higher the leverage – the better - and the less deposited funds are required.

Here are some examples for account balance requirements using the EA as-is:

Nano Lot Account with 500-1 leverage = $200.00 minimum balance
Standard Lot Account with 200-1 leverage = $20,000.00 minimum balance
Standard Lot Account with 50-1 leverage = $200,000.00 minimum balance

braddock posted:
tp 20 and trigger 60 looks very good at same time

Yes, by adjusting the Take Profit and add triggers, you can in essence create a grid pattern than can be as tight or spread out as far as you like. The tighter the pattern, the more trades per day, but the increased risk of the pair's price action to leave the grid area and blow the account. The more expanded you create, the longer orders will be held before recovery and the higher the draw down, thus high account balance needed.

On this account and one of my others I entered the 10th iteration of the martingale. On the EURUSD pair we enter the waiting game to see if the price will return to the 1.2160 level to close out our trades in profit.

ibthescottyb posted:

braddock posted:
10000 $ account killed at 5 th of september 2014....started at 1 of september 2014....

default settings, broker ic markets ecn

What type of account? From the user guide...

First we need a basic understandings of Lot Sizes:
One Standard Lot = 100,000 Units of currency
One Micro Lot = 10,000 units of currency
One Nano Lot = 1,000 units of currency

Brokers can allow you to trade in various ways. Check with your broker to verify “how many units do they consider to be One Lot?”. This is a different question than what is the minimum a broker will allow you to trade.

Also, due to the power of the martingale AND the fact that you can be in as many as 20 trades at the same time per pair, account leverage can be a huge factor.

The less equity you are using to open a position, the more equity you have to be in more positions and handle whatever draw down may occur. If used wisely, the higher the leverage – the better - and the less deposited funds are required.

Here are some examples for account balance requirements using the EA as-is:

Nano Lot Account with 500-1 leverage = $200.00 minimum balance
Standard Lot Account with 200-1 leverage = $20,000.00 minimum balance
Standard Lot Account with 50-1 leverage = $200,000.00 minimum balance

its ic markets ecn account with 500 leverage

One Standard Lot = 100,000 Units of currency?

Than a $20k account balance minimum - try that and see what happens

'IC Markets supports the trading of Micro lots. A micro lot in MetaTrader 4 is represented as 0.01 which is equivalent to 1000 units of the base currency.'


as i see is this a nano lot account with 0.01 lot to 1000 units?

or i am wrong?

little bit confused

forexbrokerinc what you use have same: 1 microlot = 1000 units:

ic markets have same : 1 microlot = 1000 units?


and you start with 200 $ ...i dont understand this


can you explain?

Hi Braddock,

On most brokers an MT4 entry of 1.0 lots = 100,000 units of currency.

So when you trade .01, you are trading 1000 units of currency with this setting.

On ForexBrokerInc Gold ECN account, 1.0 lots = 1000 units of currency. Much less investment needed to make these percentages.

https://welcome.forexbrokerinc.com/afs/come.php?id=109&cid=762&atype=1&ctgid=100

For Forex Hobbyists like myself - A broker that allows me to trade at 500-1 margin and nano lots where 1.0 lot uses $2-$3 in equity is HUGE to use martingales and practice live trading with little investment risk.