June 8, 2009
I just realized I hadn't uploaded the indicator Center of Gravity as I said I would back in April and I completely forgot about it. Sorry about that. It is now on the download link.
If you want more info on how to use it, go to "Articles 22 to 29 "
GBPJPY
June 8, 2009 - Later
GBPJPY has been playing games with us recently as you can see in the pic.
There was a long taken where you see the green arrow (that's Friday afternoon). Then after a few bars there’s a blank followed by my broker finally opening 1.5 hours late (at 17h30 my time). I had put an SL on Friday at 8 pips, and when my broker opened, the SL was hit (a pip is a pip). Later there was a recross (short) where you see the red arrow, but gbpjpy decided it wasn’t feeling short at all. I didn’t move my SL and went to bed and at noon today, upon recross up, the trade was closed at a loss (it happens). There was no re-entry for me in my real account because of “trade context busy” and I didn’t enter manually because I was away from the computer. But as you can see below, it’s currently up 25 pips and here I would put my SL to BE+1 (break-even plus 1 or at 157.72).
Most of the others are doing great at a current total of +2000.
(I’m trying to post smaller images because of space availability, but these are, respectively:
gbpusd, usdjpy, eurusd, gbpchf, audusd, eurjpy, gbpjpy)
Later
I wrote the above around 3 o'clock this afternoon. It's now 17:06 and GBPJPY is up at +35. I'll post a pic a little later.
Update: June 15, 2009
Well, that trade finally closed today at noon at a very nice +300 pips !!!
GBPJPY has been playing games with us recently as you can see in the pic.
There was a long taken where you see the green arrow (that's Friday afternoon). Then after a few bars there’s a blank followed by my broker finally opening 1.5 hours late (at 17h30 my time). I had put an SL on Friday at 8 pips, and when my broker opened, the SL was hit (a pip is a pip). Later there was a recross (short) where you see the red arrow, but gbpjpy decided it wasn’t feeling short at all. I didn’t move my SL and went to bed and at noon today, upon recross up, the trade was closed at a loss (it happens). There was no re-entry for me in my real account because of “trade context busy” and I didn’t enter manually because I was away from the computer. But as you can see below, it’s currently up 25 pips and here I would put my SL to BE+1 (break-even plus 1 or at 157.72).
Most of the others are doing great at a current total of +2000.
(I’m trying to post smaller images because of space availability, but these are, respectively:
gbpusd, usdjpy, eurusd, gbpchf, audusd, eurjpy, gbpjpy)
Later
I wrote the above around 3 o'clock this afternoon. It's now 17:06 and GBPJPY is up at +35. I'll post a pic a little later.
Update: June 15, 2009
Well, that trade finally closed today at noon at a very nice +300 pips !!!
Manually managing trades taken by the EAs
June 8, 2009
I thought I had clearly illustrated that I sometimes let the EAs do everything and sometimes I just let them Enter but I then manage my trades manually. This means you can always manage your trades after they have been entered by the EAs. Some of you thought that once the robot takes a trade, it has “full control” over the rest of the destiny of the trades and you can’t do anything but watch it. It isn’t the case at all.
You can ALWAYS manually modify ALL the trades that the EA has taken. For example, you can modifiy the stop loss, you can put a trailing stop (of x pips, of your choice), you can modify or put a TP (of your choice) or you can simply exit a trade when you want.
To do so, in the TERMINAL WINDOW right-click on the trade you wish to modify:
SL & TP
Choose "Modify or delete order". You will have the choice for SL and TP. You can use the defaut which is suggested or put in your preferred numbers manually.
Trailing stop
Choose "Trailing stop". You can use the suggestions or "custom" and put in your numbers (minimum 15 pips).
Exit trade
Choose "Close order”, then “close” to confirm.
I thought I had clearly illustrated that I sometimes let the EAs do everything and sometimes I just let them Enter but I then manage my trades manually. This means you can always manage your trades after they have been entered by the EAs. Some of you thought that once the robot takes a trade, it has “full control” over the rest of the destiny of the trades and you can’t do anything but watch it. It isn’t the case at all.
You can ALWAYS manually modify ALL the trades that the EA has taken. For example, you can modifiy the stop loss, you can put a trailing stop (of x pips, of your choice), you can modify or put a TP (of your choice) or you can simply exit a trade when you want.
To do so, in the TERMINAL WINDOW right-click on the trade you wish to modify:
SL & TP
Choose "Modify or delete order". You will have the choice for SL and TP. You can use the defaut which is suggested or put in your preferred numbers manually.
Trailing stop
Choose "Trailing stop". You can use the suggestions or "custom" and put in your numbers (minimum 15 pips).
Exit trade
Choose "Close order”, then “close” to confirm.
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