[B][U]SUM week + 5 pips
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Plus we have 2 AUDNZD trades open with actually -70 pips together…
So all in all no good week.
I very happy to support you next week with additionally signals. I really curious to hear then what you will say about the new signals. I think you will like it
Enjoy your weekend friends with your families and friends
Hey All,
Would like to share spread indicator for MT4 for easy calculating (because its my first message EVER in this forum the system dont allow me to post links (its a good thing, against spams) so… here is a screenshot of the link, I found it VERY useful:
And, two spread questions for the end
In a sellstop trade I calculate the spread and add it to the SL, right?
I need to add spread to the TP to? (as a buying point = same as the SL)
AND when my ea moves SL to BE, its again- another potential buying point, should I calculate the spread in there to?
would like to get some light on the topic.
There is good vibes on this thread, mostly due to dear easy piper and all the lovely people here.
So… thank you easy piper and all the friends, lets succeed together!
Thanks very much for the Mt4 indicator. Very useful and really appreciated.
I’ll try to answer to your questions about spread.
If I’ll be wrong I hope EasyPiper can correct my mistakes
As EasyPiper said in a previous post the price displayied on the chart, usually is the sell price.
So, to be correct, in a SELLSTOP order you have to add the spread on SL price and take it away from the TP one.
Example:
SELLSTOP EUR/USD at 1,3830 - SL 30 pips - TP 30 pips - Let’s say the spread is 2 pips
when your order will be triggered the price is the same as shown on the chart (sell price) so it’s ok (you don’t need to add or take away any spread)
your SL should be at 1,3860 shown on the chart (real 30 pips up) so here you have to add the spread because when the chart shows 1,3860 (sell price) the buy price (that is where you’ll close your position) will be 1,3862 (if you don’t add the spread your position will be closed when the price shown on the chart is 1,3858, so really the market moved up of 28 pips and not of 30 pips as the signal adviced). So real SL = 32 pips = 1.3862
your TP should be at 1,3800 shown on the chart (real 30 pips down) so here you have to take away the spread because when the chart shows 1,3800 (sell price) the buy price (that is where you’ll close your position) will be 1,3802 (if you don’t take away the spread your position will be closed when the price shown on the chart is 1,3798, so really the market moved down of 32 pips and not of 30 pips as the signal adviced). So real TP = 28 pips = 1.3802
Hope I was clear and hope this helps Niro.
As you said if we help each other we can succeed together
Thank you pierjobs for the great answer, I totally got it!
About BE point, in a sellstop - the BE point is calculated same as SL? (If I got it right :))
I think I’m right, just want to make sure I fully understood.
Hallo all,
Just entered the first trade with easypiper’s signals! so thank you esaypiper.
I have an EA question, I downloaded the moving SL to BE EA that pierjobs posted (thank you pierjobs!).
The question IS: [B]how do I relate the ea only to the first pending order?[/B]
because- when I drag & drop it to the chart there is no option to choose to which pending order to relate it values.
I’m assuming that (the numbers are just for the example):
In one order easypiper said to move SL to BE after 30 pips revenue (out of 80 pips target) - then the ea will be triggered.
In the second order (only 30 pips TP) there is no “activation” for the ea cause after 30 pips the trade is closed.
Am I right? :45:
The break even point is always the same in this system as the lower of two profit targets. So you only have to worry about the tool applying to the higher profit target. It would work the same for two or more trades, but it doesn’t have to in this situation.
Yes I hold this position too. There are the supports at 1.08125 and roundnumber 1.08000 and they hold until now. So hopefully we will see today a up move.
I get the feeling the USD/CAD is the first signal of the new system, could you tell me how long you usually hold on to these positions, and are there any rules to move S/L to breakeven after a certain amount of pips.
Yes it is the first trade with my"new" strategy. The tp and sl are only for completeness. With this strategy I get stopped out 1 from 99 trade. The most times I cancel the trades earlier. Takeprofit also. I look everyday and if we close, I will tell you. The most times this trades are good for 1 and 3 days.
Please close now USDCAD trade (we will re-enter eventually later).
We have following trades open:
2x AUDNZD let it run please. Please change the first tp to 20 pips and move sl also after 20 pips to be, and change sl to 50 pips for both trades
2x CADJPY let it run
Results today :
USD CAD -9 pips
[B][U]SUM today -9 pips
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New trades comming in 10 min
