I’m thinking on increasing the risk of the trades to 2 or 3 % per basket, because the high win/loss ratio.
Im talking about the EA that once you set a overall profit, all the open trades will close, so if my set overall profit is set to $1.00 and my first trade is at +$2 and my second trade is at -$1.00
then the EA would close all open trades because the overall profit is now $1.00
is that what EA you are talking about? whats the file name?
yes it was scary for me aswell at one point i was negative more than $200 that was like a day and a half ago, i left my computer because i was busy yesterday, i just turned on my computer and its now +150
I’m going to start trading this system without using the scale fix, I’m just going to open the EU and GU pairs and use them as they are like marijan993 does
I know that they will have different pip value divergence
Right now the EU chart has 22 pip divergence
and the GU chart has 33 pip divergence
so i have to make sure they both have at least 20 pip divergence.
if i use the scale fix right now the gbpusd is above the eurusd
but if i open the charts fresh without scale fix the eurusd is substantially above the gbpusd
Oh that one is not there. I don’t have it, but see it on the internet some time ago.
what were you talking about? please explain
medisoft if your not using the take profit EA how do you close if your sleeping?
yes i need this EA too can someone post it here
I use the other script, the one I posted here. It closes by baskets, when the basket reach the profit, it is closed. But you are asking for a script that closes all the baskets when the sum of all P/L of them is equal to the profit you want, that script is one that I don’t have.
Hi all. Thanks Medisoft for the 2 scripts KeltonBuyPair and KeltonSellPair. These scripts make it fast and easy to make EURUSD and GBPUSD baskets. Each basket has a different magic number. So multiple baskets are easy to establish.
Also thanks for the expert adviser KeltonVisualHelper monitors each basket and closes each basket when that basket reaches the profit target. The “TakeProfitPips” is “real pips” . 15.0 = 15 pips = $1.50 for .01 lot. You don’t add a 0 for 5 digit broker.
These 2 scripts go in the “scripts” folder and the ea goes in the “experts” folder. They all work well.
Jack
Lol lol lol!! I bet Kelton didn’t think he would be famous( EA’s named after)him 6 months ago!!!
Good work you clever EA Types!
can you guys please post
- what time frame you use
- do you use scale fix
thanx in advance
Hi, guys. I haven’t traded in a while, real life stuff took over. How’s everyone else doing? I’d love to hear your results.
Hi Marijan im trying out this system trying to find a way to trade it feeling comfortable
Marijan do you trade over the weekend? If not how do you close your trades on Friday before the weekend closes?
and can you please post you current trading history
and can you post your take profit EA please
Thank you so much
how are you guys and gals managing your risk for this system?
Account size , position size and all that?
I have over the weekend been trying to get my risk exposure down to something I am happier with,
but I haven’t managed to whilst still getting good profits so I was just after some pointers.
Also medisoft,
You said that the max divergence on EU/GU was 7800ish pips
how did you get the figures?
As I would like to see some other pairs max divergence but I have no idea how too!!!
ie AD/ND AJ/NJ as they are more correlated they should have less risk involved.
ps here’s my account history christinaa
statement.pdf (65 KB)
i see from the statement that you use no SL. how is that working? i’m with a broker where i cannot set a SL of zero. and what does that mean? can you go into negative unrealized profit that is larger than your account balance? does that mean you just need one failed trade to blow your whole account?
I don’t use scale fix. I look for 20 pip divergence on EU/GU, I will take 15 on AUS NZD JPY pairs though as they have more correlation.
With my position sizing 20000 units is $2 per pip
Depending on how I feel I will use different position sizing, which I am going to stop doing as of today!!! Mainly I am happiest with 10-15k units though, I add more at between another 20-40 pip divergence, as I only have my phone with me at work, so no chart Checking,
As for fixing scales, if it goes that far I go onto Oandas FX trade platform on 5 min chart and up as I need to, to keep the continuity of the positions. Going to 1 hour charts is bad…
As for the use of stops… You can’t use them on this system so it needs to be a mental close out,
Which stupidly I still haven’t worked out yet!!!
Wish me luck lol
thanks for the reply
so im guessing you use the 1min timeframe?
Yes, 1 min TF
i didn’t know you could do that, so you enter on the 1 min TF but if price keeps diverging or if the trade is going for a long amount of time and the 1 min TF charts rescale and prices have touched but the trade is still negative you go to the 5 min?
ive noticed kelton doesnt do 1 min anymore he changed to 5, 15, 30 min TF