Jebonen. Let me know the size. The size is howmuch? 1 pips movement = 10cent if i not mistaken, am i right???

I think you this demo account willl get margin call soon. Cause the market is ranging. And it dont have enough margin to open trade and tahan anymore.

Waiting for your reply.

Here is the time that really challenge the ability of TC EA especially family v3+. It is more hedging compare to v9.+.. Ranging area might make this EA go to open trade around 200-300. Margin and equity bcome the key in this situation.

I will post the result for the EA ( ada 3 setting )that i testing on once my streamyx line going better.

@others

GJ resistance over 212.86. If resist at here again. Then it is proven, ranging start from now. Can try take profit from ranging area. THe area is big enough to cari makan

GU, around trendline and channel. Buyer and SEller fighting each other now. I juz exit my Long wif +20pips.

EJ, Very high. I don't have the confident. Still waiting. For me, 168.43 is a critical resistance.

Note: Dont take this as trade signal. Juz my analysis.

This post has been edited by mphpopular: Jun 25 2008, 12:46 AM

i heard about this FOREX too.
but not sure how to start it.

Wao, EA testing job is so heavy task and difficult if you don't have enough PC

Example:
You think of one setting. You try it on 2 volatile and 2 stable pairs.
Mean 4 chart. But if it doesn't work out on 1H chart. It doesn't mean it doesn't works out at 5m. That mean for every pair, you need to open up around 4 TF --> H1, M30, M15, M5. Mean total up 16 charts.

Then you come up wif 2nd setting. Again 16 charts.

I have only 1 PC. My PC going to say bye bye to me soon. Haha.

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Added on June 25, 2008, 1:01 amtry to go any bookstore, juz read one, only one books about forex, know at least the basic thing.

then go any broker to download the trading platform. try the demo one. LIke IBFX.com, try demo..

then continue increase your knowledge from books or website...

I cant help much if you have 0 knowledge in Forex. I can only suggest you try on demo, once you have gain some basic knowledge.

This post has been edited by mphpopular: Jun 25 2008, 01:01 AM

hmmm... i have been reading the screen shots like what normeck posted on post #2166, and trying to understand what are the size, SL, TP, price, profit... tried googling but i dont know what is that screen shot called, and thus found nothing... =(

as far as i know PIP is the unit of movement right? is the unit in |pip| value or with negative and positive? is 10 -> 15 -> 12 a total of 8 movements? or is it a 2?

also, if we dont trust an online broker, will it be the same if we do the trading from money changer? and as i know different money changers have different rates... so if the trade is bought at the cheapest money changer and then sold at the highest money changer... would that work?

sorry, very noob i know... =(

Later they sure will scold you for asking this question. Haha.

I guide you slowly. First, try to find any book regards basic of Forex and read thru it. U nid read at least one.

Pip value -ve mean losing, +ve mean winning.

You shouldn't try to understand charts first since you still don't understand the basic.
Size, is the trade unit that you take. SL is stop loss, TP is target profit. You cant googling for these all. Go read thru books is alot faster.

Y we use online broker? Bcoz they give you leverage of 100:1 and more. What is leverage? If you wanted to invest USD10000, but you only need to have USD 100 inside your account to trade USD 10000.

So, if you go money changer, imposible you wan changemoney wif them wif amount of USD 100000 cash? So, the ways is only use broker. Our forex here is juz have some similiarities like trading stock , commodities.

About chart, we can use demo account from broker like IBFX. Then we can open up chart of many currencies pair, and with many timeframe. The line and indicators is those add in we did into our graph, that what we called as technical analysis.

I tried my best already.

AH... ok now i know you all trade with leverage... i thought that is kinda risky... i was just thinking to trade with own money and not going for the leverage option...

so i know what is SL and TP now, where your MAX winnings and MAX losses are... right? how come the PIPs values are not constant? i saw some 1 pip = usd10, some 1 pip = usd100k...

ok so i know more now...!! thanks mphpopular!! i have been reading all pages in babypips today, even printed out the charts, and i guess reading the charts will be my work after lunch before i can go home!! i am going to borders later during lunch then!!

If you trade wif own money. If you have USD1000 as capital. In every trade, mozly you will only get proft of USD 0.0001 - USD 0.0010.. That is super small value. That why we use leverage. That is the advantage our forex have compare to stocks market.

for every people have different pips value. WHy? Cause we having different account type.

If you having a
mini account from IBFX. we take trade 0.01unit , movement 1pips => USD 0.01
mini account from Alpari. we take trade 0.01unit , movement 1pips => USD 0.10
Using standard account from FXCM. Take trade 0.10 (this is the smallest they have), movement 1pips => USD 1.00

If you trade 1unit wif mini account (Alpari), movement 1pips => USD 1

If you trade 10unit wif mini account (Alpari), movement 1pips => USD 10

That all i think....

i think money changer spread 30-40pip ... that y can make money, but we rugi..hu hu

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Added on June 25, 2008, 11:29 am@mphpopular
0.03 lot size.. and my margin level 1XX.XX% now ready for MC.
i think almost 100 post floating... maybe i should change TF .

This post has been edited by jebonen: Jun 25 2008, 11:29 AM

@jebonen

that was demo right?.....and bactest for EA isn't?

ok..here are my charts...

enjoyed!!


This post has been edited by normeck: Jun 25 2008, 12:14 PM


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i need 2nd comfirmation indicator on this trading style

anyone here can give suggestion...and how it works are more appreciate...

This post has been edited by normeck: Jun 25 2008, 12:13 PM


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demo bukan backtest but fwdtest.. he he

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2nd chart that is 1 i use, using MA rite. but i put s&r barry then i can see clearly when it bounce. then we scalpin


p/s- anyone want ebull low rate 3.32....

This post has been edited by jebonen: Jun 25 2008, 12:50 PM

but i feel barry was late in giving signal...

Confirmation needed:
1) I know you're using the default value for v34.1 right and on TF5 right?
0.03 lot size => 1pips = USD 0.03 / USD 0.30 ???
If USD 0.03 mean set correct already. Cause USD 3000 equity is made for trade 1pips = USD 0.03 not USD 0.30

2) I see all the trade taken by the EA on this morning before i went to work, currently, all trade taken is correct, did not have any bug. The EA will win at last, but we nid to know how much the maximum DD will go, and how much equity is the most safe for us. If this situation continue, It might takes up to 300 trades. I wish to see that event happen. SO that we can truely test the EA.

3) I thought family v3+ is made for m5 TF only? I tried to change TF to 1H before, but it still using the PSAR based on 0.06~0.2 PSAR TF 5m and 0.003~0.2 PSAR TF 30m. So, plz correct me if i wrong.

I waiting over TC forum to have answer for my laz question. Once i get it. I think i already get a clear picture on TC v9.+ and v3+ family.

Did you tested over the v9.1 / v9.3 ?
I currently set it on H1 and M5 TF. BUt on my screen, both showed this,
PSAR = 30m
PSAR2 = 5m
Did you facing the same? Cause as i know in H1 chart, PSAR = 4H, PSAR2 = 1H.
Thanks.


Tried DMI 7 or DMI 14? If in shorter TF, i think DMI 7 should be more appropriate???

This post has been edited by mphpopular: Jun 25 2008, 02:19 PM

@mphpopular
1) yes all default setting

2)close loss trail win... that is TC work out, cover back what ever we loss.
sometime take wrong trade, mmm EA pening already

3)nope, if i change to TF60,( psar1 0.0010 tf240 ,psar2 0.0020 tf60)

at my office currently test trendchaser's_super_ea - lite forex & v.34 - fxmalay

seem fxmalay cannot handle this EA.. coz just post 4 trade for 2 day.. i dont no y.

This post has been edited by jebonen: Jun 25 2008, 02:49 PM

Seems like my EA is facing problem already. I should go do something wif it as soon as posible. Haiz. Many thing still in mist.

TC said, target profit is based on percentage and is 0.1% by default. But the 0.1% is based on what value???

trendchaser_super_ea, does it work on both TF for you as well? I mean in 1H TF, the setting willl auto change to( psar1 0.0010 tf240 ,psar2 0.0020 tf60)???
I will try to get on wif lite forex to try the EA. I wish myl line already ok by today.

v9.3 take very abit trade only. But currently still winning at least. Shall send you the file and result as soon as STREAMyx IS ok again. I hate streamyx.

UJ. I waiting. SL i wil set around 108.12 area. will short it once it get my approval

Edit: Wait for next candle again. 15m again. Cause did not fulfil my requirements.

This post has been edited by mphpopular: Jun 25 2008, 05:01 PM


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Is it i draw a wrong channel for my GU. it keep on break in and break out the GU like nothing happen.

I currently in long of GU. Wif +30pips.

GJ breakout the ranging area already.

This post has been edited by mphpopular: Jun 25 2008, 06:46 PM


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It reach my daily analysis for EJ. Made this analysis on 8 June 08. Now i shal wait and see again


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Today only taken 2 trade. All closed. Now waiting for 10pm news. I more curious on the crude oil news.


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today no luck.. so stop scalpin ... somemore need to close my EJ dat been held for so long.. EJ seems so delicous all these while

edited: opss... sorry this EJ positions jus open yesterday.. d one open long time ago close yesterday

This post has been edited by low yat 82: Jun 25 2008, 09:16 PM