What are your trading parameters? Tp, sl, spread for entry? Just to compare with mine.
Hello everybody I canāt understand what is the right way to see the divergence, I mean which system do you use to compare charts? And how you can compare and evaluetate the divergence? Please help me because I am interesting in this system but not sure how apply it. I have used vitrite but not sure that simply open both the chart with same time frames is enough. Can someone explain step by step what is necessary?
I have been using eur/usd eur/gbp you may be laughing at me already but these pairs are actually correlated pretty good. The volatility is much different but the pip value makes up for this. The reason this works so good is the eur/usd goes above and then below the eur/gbp several times. There is no waiting for the cross. It happens pretty quickly, another thing that is good is you can be -20 pips in eur/usd and only +15 in eur/gbp and still be in the profit. Hey guys Iām here to make money not pips. Lol. Give it a shot and let me know what you think. I have no tp rules at the moment because I am not sitting there nervous wondering if this is my only opportunity at profit. I am just taking $5-$20 profit per trade. I donāt care what that comes to in pips. Sometimes I am negative pips but positive $$$.
Testing! you are right, they are very correlated, but the volatility is different, making EU cross over EG many times a day (when not in strong trend!), so maybe it could work very good
Yeah, and if you have 2 accounts as I do with oanda or if you are outside the US. You can hedge your position and take profit on either side. I have been trading it the last couple of days and never have a large DD. in about 1 or 2 hours time both positions are closed in profit. Maybe thereās something Iām not seeing here yet but I sure like the results do far. My goal is to make .5 of 1% per trade. Do this 6-10 times per day and you are pulling in 3-5% per day on your account which can make a man rich before too long :-). Another thing that makes this a good idea with hedging is you can risk most of your account without a big DD. Iāll keep posting my results when I get a chance. Today I am up about 3%.
could use a little help, please. have the kelton visual helper on my top chart. it shows two lines, twenty pips apart, per the top pair. that is very helpful. but, is this also the ea that is supposed to close trades when a pip profit level is reached? mine is not doing that, so just wanted to know. thanks.
Update
Both orders took 11 hours to close
long eurjpy short gbpjpy Keltonvisual EA set to TakeProfitPIPS set to 6
long chfjpy short gbpjpy Keltonvisual EA set to TakeProfitPIPS set to 6
Why did I have a loss with the eurjpy gbpjpy trade?
found a utility ea in the mt4 library called āclose at profit.ā seems to be doing the trick.
You have my attention here on thisā¦this appears to be same as synthetic G\U, which is not really a common\major pair, but it would be interesting to see if it offers better opportunities than just EU\GUā¦
do you trade this at anytime, traderjosh?
yes, is the same EA it is called āvisualā because that lines, and āhelperā because the help it brings to close the trades.
what are your spreads?
around 3 pips per pair
Keltonvisualhelper
TakeProfitPIPS-----is this after spreads?
medisoft do you use scale fix right after you close a winning trade? do you use scale fix before you make a trade?
yes, it is after spreads, did you checked your swap? maybe all the profit was taken from the swap interest.
yes just do that, and make sure you zoom all the way out
some say you should use scale fix and make the charts overlap even more but some dont do this so il leave that up to you
nop, I require I have no open orders to re-fix the scale. Once I closed all my open trades I then re-fix the scale if it has been 17 (or so) hours since last rescaling.
so around every 17 hours?
do you fix it so the whole chart is best aligned? or do you fix it so the right half of the screen is best aligned? its hard to get the whole chart aligned, especially since your using the 1 min
I do this: look for max and min value of the window, then i scale the chart to have the current BID in TVE center. Then i do the same on the other pair. When i activate vitrite i see the BID of both charts one over the other.
The idea is to have the same pips on both charts. If the gu range (max-min) is greater than the euās then i use that range on eu.
no there was no swap, i think it was whip lash
thanks anyway
you made the EA? the magic number always appears the same is that normal?
Yes i did it. The magic number increases when you have more than 1 basket