The conditions lined up for the 9:30am GBP/USD long trade today as well. Here is the setup:
Entry Price: 1.5587
Exit: at the open of the 6:30pm CST bar
S/L: 1.5537
TP: 1.5607
Based on current price action, I recommend taking this trade with a lesser lot size. We are also still in the 7am EUR/USD short trade until 11am CST.
Good luck!
Hawktel
January 25, 2012, 12:23pm
1427
Ugh, no success in the 7:00am cst trade. But it didn’t hit the S/L either. Lost 30 pips on it.
Bring on the 1:00pm mst GBP/USD and well try again no?
I didn’t get in the 8:30am mst GBP/USD long. Was tied up in the 7:00am cst trade.
Jimmy01
January 25, 2012, 12:37pm
1428
Richard,
I am working with an EA on this strategy also and I found that my broker (IBFX) would not allow me to place a take profit and stop loss when I place an order. I have to modify the order when placed.
Opensell=OrderSend(Symbol(),OP_SELL,Lotssell,Bid,Slippage1,NULL,NULL, “Daily Sell order”,MagicNumbersell,1,Green);
Ans=OrderModify(Opensell,NULL,sls1,tps1,0,Blue);
Aha, thank you wery much, any idea why they would do that?
Anyhow, I am fixing my EA right away
And thanks again, I had no idea
Hawktel
January 25, 2012, 12:42pm
1431
Right now I’m doing this on Oanda through the Phone app. Its just demo, but I set it to vibrate when its time to add the orders or close them out, and its worked okay.
The 7am trade did not reach TP or S/L, but the 9:30am GBP/USD reached TP. Here is how the trade played out:
Entry Price: 1.5587
Exit Price: 1.5607
Trade length: 4 bars
Profit: 20 pips ($200)
Next trade: the 12:30pm GBP/USD long trade.
Richard87:
Aha, thank you wery much, any idea why they would do that?
Anyhow, I am fixing my EA right away
And thanks again, I had no idea
That sounds great (thanks for the help Jimmy01 :))!
Is there any way that you might be able to post the amended code, Richard 87? Thanks!
Here is the updated EA
The code works when backtesting, but I have not been able to forward test it yet(in progress )
The conditions did not line up for the 12:30pm GBP/USD long trade. Next trade: the 3pm GBP/USD long trade.
The conditions did not line up for the 3pm GBP/USD long trade or the AU open EUR/USD short trade. That’s all of the trades for today friends. Have a great evening and I will update the board in the morning
Good morning all,
Hopefully you were able to take advantage of the bull move last night for a bit of positive gain
The conditions lined up for the 7am EUR/USD short trade. Here is the setup:
Entry Price: 1.3142
Exit: at the open of the 11am CST bar
S/L: 1.3202
TP: 1.3122
Happy trading!
I just checked my ea, and it has taken the trade:-D
http://www.myfxbook.com/members/Richard87/great-trading-strategy/203692
my ea is set up for 4 of the 5 trades;-) (not the one when you should buy on a bull candle)
That’s great news! I’ll give it a run today and let you know if I see anything. Thanks much!
The conditions did not line up for the 9:30am GBP/USD long trade, and we are still in the 7am EUR/USD short trade until 11am CST.
Next trade: the 12:30pm GBP/USD long trade.
My trade closed 14minutes ago ea for a loss on 9.3 pips… Does that seem right?
What was the opening and closing price on your trade?
The 7am EUR/USD short trade did not reach TP or S/L. Next trade: the 12:30pm GBP/USD long trade.
My open price was 1.31433, and my close was 1.31526
Given that the data feed for brokers varies (even within the same broker at times), that is fairly close. I haven’t gotten to run it yet, but I plan on giving it some test runs later this afternoon
Hawktel
January 26, 2012, 12:34pm
1447
I stayed in a couple minutes extra and closed at 8.7 pips down.
I’m hoping the 12:30 GBP/USD goes and gets me some profit.