Easy 5 minute Trading

Well, GBPUSD is making a big move, anyone else catch it?
I have two open trades, one from 12/31/12 that’s sitting at +200 pips, and one from tonight, sitting at +88 pips.
Hope this is a sign of a big move. These were on my manual trading. With the EA, I’m only up +200 pips (didn’t open a trade tonight :frowning: )
Also +290 pips on GBPJPY with the EA. YAY!

My AUDUSD from 12/26/12 hit the SL, -142 pips. :frowning: boo.

Still, with the GBPUSD making a big move, it more than covers that -142.

Yep, I have 6 orders opened this morning with 27. Other machine with 24c and 25 is upstairs and have not looked at it yet, been out most of the morning. Rather annoyed at a couple of brokers though. Hot Forex appear to be closed. No Monday bar yet, and FX Open won’t accept trades at 0.05. I willmove it up to 0.1.
Hmmm just tried but get context busy and everything seems to be locked up. The MT4 panel greys out a bit if your lot size is too small normally but these are not. Nope, had to restart and move the order size to 0.1. Damn. That’s a couple of platforms not working as I set them. Others all going well.

Sandy - Have you got any action on Hot Forex ? They don’t seem to be open ???

Geeez. Seems only the Australian criminals are open. FXPro, FX Open and Hot Forex are closed. Probably going to open for London. Have also had to shift my lot sizes on those three up to 0.1. Aus brokers are running quite happy at 0.05. So, OK as long as I don’t get to much DD I will start manually compounding on the accounts that can take it. Will be interesting.

Hmmm . . . . the other criminals came on line at 4 pm Wednesday my time. AU. EST. Gapped on the opens of course cause half the day is gone, well, 7.5 hours anyway.

Ahh yes, with FXOpen the min lot size is 0.1.
I closed all the open trades I had with the EA and switched over to v27.
I have the EA set at 5% risk per trade. A little high, but highly confident in the EA.
My account with the EA is up 5%, and I have added several other pairs including Silver. Hopefully the extra pairs will yield more trades being triggered, and more trades going the distance! Only time will tell.
Great job James!

Unfortunately, this morning, my 2nd GBPUSD trade hit the BE stop loss of +3 pips. My first trade is still in progress sitting at +145 pips. Could just be some minor oscillating before the trend resumes after the holiday break. I need to remember to hook up my manual trading to FXJunction to make it easier to track. D’oh!

Heya nope hotforex is closed for me about an hour ago when i last checked :frowning:

perhaps if we all use fxbook or fxjunction to track out EA’s it might help us all individually.and as a group to better test this EA?

I asume everyonr is running the latest EA on the daily chart?

heya just read this about hotforexs opennong hours:

January 2nd HotForex trading and Support services will reopen for business starting at 17:00 (GMT+2)

Yes, I am up at 0400 local AU EST and note FXOpen started at USA Wed. 0900 - how weird - 15 hours behind everyone else.
Sandy, I have used both FX Junction and MyFXBook in the past. My prerence is FXJunction and mainly because of the pie chart which I used at one time for a better view for hedging. That doesnot apply here of course but the piechart is a good overview. There is another site called FXStat but I have not used it yet. Will have a look today.
Whole market seems to have retraced - darn it, Was looking good.

No, forget FXSTAT - it interferes too much, keeps popping up, changes icons ad nauseum. I have installed but now have trouble deleting. FXJunction way simple. Start platform, log FXJ in and that is it for the week - never see it again.

Interesting, i have been looking at fxjunction, but since i have myfxbook it works quite well so i have been lazy in starting a fxjunction account to look at it properly, probably will do at some point.

Also with the EA since the market re-openned today i doubt we would want to trade properly until the 3rd, so since thats a thursday i wonder how many traders are thinking “its a friday, after new years lets start on monday”.

On this occasion my gut would say not to trade live until monday, but thats my over cautious side talking. Im probably going to re-start the v27a Wicks EA accounts on the weekend so we have a clean start on monday for it, as i think its a tad unfair to expect the EA/strategy to work as normal over the holiday period and i dont want these bad stats to taint our trading experience of this strategy. Mainly as i dont want people to see this thread see how Windsor mentioned his new trading method, see lots of losses across the board and think the EA and updated strategy does not work, when in reality we all know its the holiday period screwing things up.

Just a thought so were all on a level playing field :slight_smile:

Out of interest are you guys going to restart your trading now, or plan to trade tomorrow or monday ?

I started it mainly to see how it handled a light market but yes I would not have traded normally. :slight_smile: It is easy to replace the account if need be.

you started th EA earlt for thr same.reasons as me just proves when the market is quiet or holiday season we should turn it off.

Hello,

tell me please what a version of EA you are using. I have backtested both of them v25 and v27 for the whole year 2012 and i didnt get any profits at the end or on some currency pairs the profit are so small that this would be not worth let it running. With version v27 i have backtested it with 10 pip, 15 pip and 25 pip Fib distance and not much difference. All backtesting is made on Daily TF and with 60% modelling quality but for Daily TF modelling quality is not so important.

Interesting to note : My 24C accounts are up around 5 % since Jan 2 but my 27A accounts are down by a similar amount. I note EU for instance not taking yesterdays short, as some others, I know it is above the 50 but it will be interesting to see how this plays out longer term. NZDUSD - I have two buys at the same value but only on FXOpen - so some order timing/checking issue there - but early days, may never happen again.

The latest is v27a which uses Windsor’s new rules, otherwise v25 is using Windsor’s original rules.

Interesting, i am running v25 and 27A on different accounts but im getting similar results, so far v25 seems to be the best performer on the daily charts.

Performance for the EA under the original rules (v25) seems to have improved for me with the new bug fixes which is good.

Im not doubting Windsor’s new rules but perhaps there is a bug in the EA ? Windsor have you traded v27 alongside your manual trading of your new rules yet just as a comparison to ensure the EA is working as you are trading manually ?

Or are we trading too close to the start of the new year?

The reason I am trading now sandy is that I want to see the EA under all circumstances. I don’t want a “discretionary” EA. There are plenty of those about but something you can set and completely forget is hugely desirable so I am letting them run.
There is market movement, particularly with the bandaid resolution of the “Fiscal Cliff”. Volume may be light but I have not looked at volume, just movement.

Many people want to know about the art of making money from trading.But i did not get the concept of given graph.what is the exactly purpose of showing thins graph.

Im with you on this, i would prefer to have a set and run EA and perhaps through all of our testing and feedback we can get to that perfect state :slight_smile:

Sorry but i dont understand what your asking? Are you referring to this EA or strategy etc?