AUDNZD daily
I have 2 upper TL, one is red and one is pink. I stil unsure which one have higher reliability for me.


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Abit risky. It is more advisable to wait it to retrace back to HOrizontal SR and only take the LONG due to BREAKOUT candle was too big.


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seriously YES !!!

2 months

Guys ! i will post some screen shots soon ! this EA GUARANTEE earn money one !!!!



This post has been edited by cscheat: Jan 3 2009, 07:15 PM

0.20, 0.40, 0.80, 1.60, 3.20, 6.40, 12.80..... Some sort of Martingale.

You need a very very large margin. What is your maximum number of trades set to?

When it reaches the maximum number of trades (or before even), and the trend is still against your positions, it will wipe out your account. Before that happens, it looks very good. Do a backtest over a sufficiently long period of time, like say at least 6 months, and you will see what I mean.

haha ! my account leverage is high 1:500 and this EA only works for one specific pair !!! i did a backtest and no problem

Let me guess for the next thing is. Promotion of an item with price.

ANd is it leverage important in martingale EA? ABSOLUTELY NO. Is your equity.

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Added on January 3, 2009, 10:02 pmIf you guys go detail of each transaction of the statement, you will know what goes wrong.

This post has been edited by mphpopular: Jan 3 2009, 10:02 PM

It's not just the leverage (lots) but the profit/losses which add up to the total drawdown as you open larger and larger positions. The pip-gap before opening up the next position is only 20-pips which is small relative to the range the USDJPY pair can move within a day, which makes it more dangerous.

How did you decide on 20-pips? Do you know what conditions causes it do a SELL LIMIT instead of SELL? Do you have the mq4? Or just the ex4?

Hey, but if it works - great! The reason you are telling us is because you are going to share the EA, right?

Sorry Cscheat, i don't use EA, i use my brains to trade. Trusting another person's "brain" in creating the EA doesn't suit me, or my trading philosophy. Do you know trading constantly evolves? And you are telling me the EA will automatically evolves with trading patterns? Sorry buddy, all it takes is just one big bad event, like US attacking iran, and kaboom, your entire portofolio gone.


Oh, and making 700 ain a big deal, unless the EA makes me 10000 usd in 15 minutes, then maybe i will consider it.


This post has been edited by AdamG1981: Jan 3 2009, 11:19 PM

Completely AU bullish biased from me.

Monthly chart - Bullish Engulfing
Weekly chart - We break the range
Daily chart - Range not yet break, but bullish biased from me.


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Happy New Year 2009 Buddy... mphpopular, AdamG1981, normeck, kevler, small-jeff, coldfusionpower, kelvin_tan & all

GO BEARISH & BULLISH UPSIdE dOWn, WHAT WE WAnT JUST WIn THE TRAdE!!

Happy New Year to you too

Happy new year to you guys too. May the market be easier to understand this year

Happy New Year to all of u too..i hope its not to late....i will be back soon...just have to do some things 1st ...

This post has been edited by normeck: Jan 4 2009, 11:02 AM

Yes, very bullish. China's PMI has recovered slightly in December, maybe marking of a bottom. Look for more upside for Aussie dollar.



Thanks!

@Adam:

where you get the readings on China's data? mind to share? i'm kinda looking for data on emerging markets

It's on FXstreet.com, listed on the updates.

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Added on January 4, 2009, 12:59 pmMy opinion, if China eases the monetary policy further, we might see a huge rally coming soon for Hang Seng, Nikkei, SGX.

This post has been edited by AdamG1981: Jan 4 2009, 12:59 PM

wow, EA rocks

This post has been edited by helencheese: Jan 4 2009, 08:51 PM

yeah, EA really rocks. Put US$10000 for a standard account now, and get profit using the latest EA!

thats suicide way!
IMHO, better try trade manually first to get feel what is FOREX all about.
Then can start using EA for real. But make sure to run backtest for few years or few months back at least.

i'm always trade manually , and never trust EA at all ..though it will gives more profit blindly to me

below is my analysis on GJ TF4H , you'll know where the market will go based on the chart . Any comment welcomed

trade at your own risk