Daylie easy pips

Trading Systems
241

Pending orders:

SELSSTOP EUDAUD @ 1.4657, tp 120, sl 120, move sl after 40 pips to be
SELSSTOP EUDAUD @ 1.4657, tp 40, sl 120

242

[QUOTE=“EasyPiper;620893”]Hi friends, 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 SUM today -9 pips New trades comming in 10 min ;-)[/QUOTE
Just to clarify. Are you saying to leave the CADJPY trades as originally set? Thanks.

243

yes exactly

244

Hi Peirjobs

Can you please explain the (BE) also with an example

Regards

245

I think this was explained around page 7 or so. Anyway BE = Break even, so after you’re in profit you move the stop loss so if it is triggered the trade is closed with $0 gained or lost.
Example go long/buy EURUSD @ 1.3800 take profit is 1.3850 and stop loss is 1.3775. after 25 pips move stop loss to BE. This means when the price reaches 1.3825 you move the stop loss to 1.3800 so if it is hit you’re break even.

in this example I am pretending there is no spread. In the real world there would be around 2 pip spread. This means buying at 1.3800 and the BE is 1.3802

Hopefully this is clear and correct.

246

[QUOTE=“jimbo34;620981”] I think this was explained around page 7 or so. Anyway BE = Break even, so after you’re in profit you move the stop loss so if it is triggered the trade is closed with $0 gained or lost. Example go long/buy EURUSD @ 1.3800 take profit is 1.3850 and stop loss is 1.3775. after 25 pips move stop loss to BE. This means when the price reaches 1.3825 you move the stop loss to 1.3800 so if it is hit you’re break even. in this example I am pretending there is no spread. In the real world there would be around 2 pip spread. This means buying at 1.3800 and the BE is 1.3802 Hopefully this is clear and correct.[/QUOTE]

Thanks for making the topic more understandable

247

Hi Friends,

our AUDNZD trades dont want to go higher and built a new resistance. Please move your stops now to 1.08450 to avoid bif losses and give this trade a last chance to go higher :wink:

248

Hi,

please delete our EURAUD pending orders

249

Hi Teachme and Hi all.

Thanks Jimbo34 for your good explanation.

I made a table so we can easily know which price we have to set for ENTRY, SL, TP and BE point depending on market spread.

We start from the fact that the price shown on the chart is the SELL price.

So we have:


Here’s an example with real numbers:

SELLSTOP EUR/USD at 1.3830 - SL 30 pips - TP 30 pips

BUYSTOP EUR/USD at 1.3830 - SL 30 pips - TP 30 pips

Spread= 2 pips


Hope this helps my friends.

Have a great day,

Pierjobs

250

Hi pierjobs,

wow :slight_smile: What a great explanation! :35: Thank you very much for your help. It was great idea to make such a table. Im so proud of this familiar trading group :wink:

251

Pierjobs,
Thank you very much from the astounding clarification!
If we lived in the same country just for your good intention I would definitely buy you a beer!!!
One question, in a BUYSTOP order, the SELL action (that closes the trade) suppose to be at ask price no? (actual price on the chart) Sell means ask = bid, like easy piper wrote:

[B][I]"its prinzipally very easy. It depends on which price you see on your MT4 chart. The most brokers shows Bid price. That means for your example:

BUYSTOP EURUSD @ 1,3861; tp 80 pips, sl 80 pips (you get ask price. Therefore you have to calculate a new triggerlevel for your BUYSTOP. 1,3861 + 2 pips Spread for example. So you set the BUYSTOP @ 1,3863. So the trade only trigger, if it reaches really our level. SL and TP you dont need to add spread)

SELLSTOP EURUSD @ 1,2000; tp 80, sl 80 (you dont have to change the triggerlevel, because for a sell you get exactly the prive which you see ond your chart. But you have to add the spread to your SL, because when the price gos up you get stopped out if you not add spread, because you get the ask price and not the bid for SL in a SELL trade. So you SL would be 1,2082)

So again: If BUYSTOP (Add spread to triggerlevel); If SELLSTOP (Add Spread to SL)[/I][/B]

Much appreciation :slight_smile:

252

Hi friends,

Results for today:

AUDNZD -10 pips

[B][U]Sum today -10 pips
[/U][/B]

Please if you have other results or if I have done a failure, please dont hesitate to correct me. Sometimes it could be that I oversee somthing or so… :wink:

Open trades:

CADJPY (let it open please)

No new pending orders for today. As you can see at the moment our pending orders aren’t perfect. But this is normal. Sometimes we will make a few losses and after that we will have big winning steaks. That’s normal, so don’t give up and be patient :wink:

New trades with our new strategy (direct market orders):

SELL EURUSD, sl 1.39100, tp 100 pips move sl after 50 to be
BUY USDCHF, sl 0.87300, tp 100 pips move sl after 50 to be
SELL AUDUSD, sl 120 pips, tp 120 pips move sl after 50 to be
BUY GBPAUD, sl 160 pips, tp 160 pips move sl after 50 to be
SELL NZDUSD, sl 70 pips, tp 100 pips move sl after 50 to be

Enjoy your time friends :wink: Good night

253

from me to a beer for pierjobs :wink:


254

Thanks to every one for making complex(for me) things easy.

255

Wow! New strategy! Now we are in live action, no more waiting :slight_smile: Let’s see how many pips we are going to bag today. Have a great trade everyone! :slight_smile:

256

Good Morning friends,

close now NZDUSD trade with 54 pips profit.

257

Hi Niro,

you’re welcome. It’s a pleasure for me to be helpful for the group.

Thanks for your invitation. I like beer very much so who knows…one day we could meet somewhere (Germany would be the best place for the beer quality) to drink one together with EasyPiper and all other members of this wonderful trading group :wink:

The SELL action (that closes the trade) is at BID price and not at ASK price as you wrote.

I’ll post other pictures so I can further clarify what I wrote in my previous post.

We have to consider always the entry price that EasyPiper indicates in his signals.

SL and TP pips he advices have to move up or down from that price.

Here’s the pictures:


Example nr. 1


Example nr. 2


Hope this helps my friends.

That’s the way I manage EasyPiper’s signals.

If I’m wrong please correct me…maybe I’m too tired in this period :frowning:

All the best,

PierJobs

258

Thanks EasyPiper…I like beer, expecially German beer :wink:

Have a great day

259

Yes,
A beer for you PierJobs,
I will use this also :slight_smile:

260

Hi friends,

Results for today:

CADJPY -160 pips (this was a very unlucky trade, but this is the world don’t worry :wink: )
NZDUSD + 54 pips
GBPAUD closed at be

[B][U]Sum today -106 pips
[/U][/B]

This trades are still open:

SELL EURUSD we let this trade open
BUY USDCHF we let this trade open
SELL AUDUSD we let this trade open

No new pending orders today.

New direct market orders:

BUY USDJPY, sl 101.202, tp 50 pips
BUY EURNZD, sl 1.5870, tp 70 pips

Enjoy your time friends :wink: Good night