#8207Take 1435 positions Every Day in GBPUSD - Page 3
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Thread: #8207Take 1435 positions Every Day in GBPUSD

  1. #21
    I can't decide if this really is the dumbest thing I have ever seen or utter genius.... I'll code my own EA tomorrow and get back to you. As a side note, for those trading brokers with bigger spreads, I believe changing an EA to search for those brief moments when the spread drops below its typical value would likely improve the profitability of this system a lot (if it truly is profitable...)

  2. #22
    1 guie from me. I've got an EA that's doing just that. I have completely abandoned the idea of opening buy trades at the ask price and launching trades in the bid price. I also abandoned sell trades that were closingto happen at ask price and closing buy trades, in SL, to happen in bid price. Just flip them over. Absolutely abandon opening new trades as stop orders, whether market or pending. Better go just after the market and forget about the pendings.

    Open buys at bid, sells at ask. Close in SL: sells in the bid price and buys in the ask price. TP goes the Currency Market way anyway.

    What you will benefit? At news times, the spread that is large will touch your SLs and also, you will avoid the artificial slippage. At spread times, all cease orders within the range of the spread and the transfer get started WITHOUT the rate being there. Whatsoever. Same thing happens with all the SLs! Many SLs take place WITHOUT the rate being really there. So, you will avoid that to take place. Fantastic luck.

  3. #23
    Quote Originally Posted by ;
    One free advice from me. I've got an EA that's doing that. I have completely abandoned the concept of starting buy trades at the ask price and launching transactions at the bid price. I abandoned sell transactions that were closing, at SL, to occur at ask price and closing buy transactions, at SL, to occur at bid price. Just flip them over. Absolutely abandon opening new transactions as stop orders, whether market or pending. Better go only following the market and forget about the pendings. Open buys at bid, sells ask. Close at SL: sells at the bid price and buys at the ask...
    Do you mean like this:

    Open brief ==gt;

    OrderSend(symbol, OP_SELL, lot, Ask, Slippage, sl, tp, remark, magic, 0, clSell);

    I am sure you would get an OrderSend mistake ... MT4 doesn't allow selling at the Ask or buying at the Bid.

  4. #24
    Quote Originally Posted by ;
    quote MT4 does not allow selling at the Ask or buying at the Bid.
    MT4 does not need to understand you are tracking both prices but you are performing the activities at the so called internal price. When the price goes up, the price is your bid price. When the rate goes down, the price is the ask price.

    Naturally a sell is always open at bid plus a buy always gets open at ask. You must do it to observe the positive aspects. Less SLs in a first Loion. Wrong direction transactions in second loion. Better functionality. News trading might be a bonus, in my opinion. But don't being dumb by quickly shutting down the winners. Only HEDGE them and leave them open for hours. Then the broker can't accuse you of being a news trader...

  5. #25
    Quote Originally Posted by ;
    quote MT4 doesn't need to know you're tracking both prices but you're doing the activities in the so called internal price. When the price goes up, the price is your bid price. After the rate is going down, the price is the ask price. Naturally, a sell is open at bid and also a buy gets open in ask. You have to do it to see the benefits. Less SLs at a first Loion. Less wrong direction trades in place. Better performance. News trading may be a bonus, in my estimation. But don't being dumb...
    Sorry I don't understand what you mean.
    If a sell is open at bid and a buy always gets available at ask. How do you sell at the ask and buy in the bid ?
    To illue, when a sell is triggered, does the ea subsequently wait for the bid to become the ask ?

  6. #26
    Quote Originally Posted by ;
    quote To illue, if a market is triggered, does the ea then wait for the bid to become the ask ?
    In case you have to trigger a market, you wait for the ask price to get there then trigger a MARKET market order. Same with the buy orders. You wait for the bid to get to the amount that you want to start a buy order and once the rate is there - you start it .

    It takes me rather of typing to explain why you ought to do that. In general, disperse is forex main defense system. When you get started trading stop and limit orders in two different accounts, same settings, same geometry, same grid, same counter, same lots, same multipliers, same TP/SL, you may see how different the cease orders are, compared to the consequence of the limit orders. And this tells it all.

    You need to protect yourself from unnecessary triggering of SLs and all SLs, regardless the trade trigger type (limit or stop), are predied upon the stop price! While the TPs are predied on the limit price (how convenient!) . That's a great vulnerability for those traders. The traders do not get it... throughout these years of computer and digital trading.

    Yes, there's a price you have to pay (one disperse less at the TP management and you disperse more at the SL direction), but I pay it with the greatest of my pleasures, cause I am 1-2-3 SLs less, sometimes even more, compared to the customary way they screw up the traders by opening/closing trades at rates the rate never being at, in a first loion!

    Another thing. The limit pending orders tells you the next direction the rate is going to. How they do that? Forex is trying to get along the direction, as little as potential profitable trades as numerous as losing trades. At the ideal time, just prior to the motion, the winning limit orders get triggered VERY HARDLY, generally they do not trigger, while the shedding limit orders always open... that's at the ideal moment.

  7. #27
    Quote Originally Posted by ;
    quote If you need to activate a sell, you wait for the ask price to get there and then activate a MARKET sell order. Same with the buy orders. You wait for the bid to get to the level that you would like to start a buy order and once the rate is there - you start it immediately. Of typing to describe why you should do that it will take me rather. Generally, spread is Currency Market main defense system. When you start trading stop and limit orders in two different accounts, same settings, same geometry, same grid, same counter, same lots, same multipliers, same TP/SL,...
    I agree. And now I have been observing this also in a different way:
    At the right time, just before the motion, the winning limit orders become triggered VERY HARDLY, usually they do not activate, while the losing limit orders always open... that is at the right time
    But, how do you know that the WINNING limit orders are Buy orders for example ?

    To recap, this is what I will examine.
    When a sell is triggered, place a limit order to sell at the ASK.
    When a buy is triggered, set a limit order to buy at the BID.

  8. #28
    Quote Originally Posted by ;
    quote However, how can you know the WINNING limit orders are Buy orders for example ?
    When the buy limit don't trigger, this really is the final direction. This thing happens in about 38 percent of all events in just a range. Before the motion, when the rate leaves the range to get a time, this percentage is higher, but I have no precise data about it does open the winning limitation or not. I just noticed the winning limit order stays as pending and the market order opened is the losing limit order. In the majority of the circumstances, the bid price was there, at the buy limit rate... This is the way it works.

    Quote Originally Posted by ;
    To recap, this is what I could test. When a market is triggered, put a limit order to sell at the ASK. When a buy is triggered, place a limit order to buy at the BID.
    Try this. Only market orders. Utilize the bid prices as a foundation, as the charts get attracted from the bid price.
    Rate currently is 1.1040.
    Wish to make a market at 1.1030? Do the following. If the ask price is 1.1030, open a market sell. I guess sell's actual market price will probably be at 1.1029 or some thing. Decide on a SL at 1.1080. Now the rate moves towards your SL. Close the market at SL when the bid price is 1.1080.

    Do so at news occasions. When the spread widens. See what happens.

  9. #29
    Quote Originally Posted by ;
    quote When the buy limit do not activate, this really is the final direction. Normally, this thing occurs within a range. Just before the motion, when the rate leaves the range for a time, this percentage is high, but I don't have any exact data about how often it does open the winning limit or not. I noticed the winning limit order remains as pending and the market order started is the shedding limit order. In the majority of the cases, the bid price was there, at the buy limit rate... This is how it works. quote...
    When limit orders are getting hit really hard could it make sense to count on how many hits you will find at the bid and the number of hits at the ask ?
    For exemple, in case there are more hits at the bid then it's selling pressure coming in ?

  10. #30
    Quote Originally Posted by ;
    quote When limit orders are getting hit very difficult could it make sense to count on how many hits you will find in the bid and the number of hits in the ask ? For exemple, in case there are more hits in the bid then it's selling stress coming in ?
    Limit orders are NEVER ever hit very hard. You can only dream about this! That is when you exchange same egy the limitation never comes anywhere close to the DD of this stop egy, as profit I mean. You may wind up in both limit and stop approaches losing cash.

    When there are more hits on the bid, it does mean that the price is about to return. However, you need a way of counting the hits, a way which EXCLUDES the disperse.

    BTW, with pending limit orders, on a broker with HIGH spreads, an individual can more easily grab the ideal direction, trigger the winning limit order infrequently opens anyway...

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