Trading is a passion for me. Probably a healthy dose of "gambling" or "risk." My losses are seen with appreciation. As I accumulate losses, my large win is in sight. I'm a firm believer in Christ, I bring this up because a Christ-like character has helped me in understanding trading. Patience, trust, joy, and self control are essential in trading and in trying to be more like Jesus every day.
I'm trying to place a "BUY" if the current price breaks above the "top" part of the previous Daily Candles' body. This can either be the yesterday's "Open" or "Close" depending if it's a bearish or bullish candle. Vice versa for a "SELL."
Is this correct, or is there a better way to do this? I couldn't find "upper body" and "lower body" in candle properties.
Here's the button template. The buttons act like buttons, you press then it depresses. Instead of staying pressed (like a switch).
https://fxdreema.com/shared/kHn2tWrPc
Simply change your button names and your conditions. This example does buys and sells.
@Pan4Pips Not sure how your buttons turned out but this seems to be working just like a button
@mcarl42 said in unique trade ideas , you gotta get inventive its all been done. post SPOT whats your crazy idea ? :}:
what about fib retracement using 4 hr wicks or moving av ,, indicator rise then you get and oscillator like macd or triple ema indicator fall for divergence .
,,,,
Flip a coin program. Depending if its heads or tails, you buy or sell. Stop Loss is 15 pips, Take Profit it 100 pips. Trail is 15 pips.
Good luck.
Interesting, I like the play on words. Even though pips aren't dust of gold, you're panning the web to find the gold in Forex. Maybe I read too much into things but that's why I like the picture and the name.
Only 1 trade PER EVENT?
Use the "No Trade" block. If you have no trade, then your conditions go off for a BUY, it buys until it closes it out or you close it out yourself. If you use the default "No Trade" block, it will prevent any sells from opening as well.
This block will also pick up manually open trades. If you wish to trade manually as well, you'll need to great a GROUP for the ea
I'll add as well, the labouchere system with a 1,1,1,1 setting. Where "1" is the multiple of your base/starting lot size. With a max lot size depending on personal money management preferences.
This system, will allow you to make profit as long as your win percentage is 33% or better and you apply correct money management. i.e. if losses exceed an amount, then you shut it down and wait another day.
This solves a huge problem in Forex, where you need to win 2X more than you lose to make money. For EAs with good stop loss and good TP, the Labouchere system might offer a winning strategy.
FOUND THE SOLUTION! Learned how to create buttons in the process. Can you imagine I was creating TEXT messages to control my blocks. Such a hassle.
Any who, here's your solution.
https://fxdreema.com/shared/QstMKBHE
The button didn't change to "Exit Rules OFF" since I made the program terminate itself. But it should work once you replace it with the correct ON/OFF blocks. You can delete the Pass button. I was just testing it.
Glad you got it sorted out.
Anyone can feel free to share your experience. Trust me, someone, will appreciate it!
Tips for making a LONG TERM profitable EA.
This means: Make sure your project has a stop loss. I use 15 pips on all pairs except GBPNZD and EURNZD.
Problem is, most brokers have a MINIMUM stop loss requirement.
Solution is: Have your EA create a line that can be used as a stop loss. I use on my conditions block :MID PRICE crosses ABOVE/BELOW ---Horizontal Line
If you use multiple trading conditions, then a different horizontal line would be my solution.
This means: Trailing Stops/Break-Evens/Close Half Position are good strategies. If you can, secure profit at 10 pips. Maybe half. Let the other half move to break even and trail the stop by 15 pips.
This means: Don't lose more than you can afford. In other words, keep losses small...and...let winners run.
These are common "cliche" sayings in trading, but once you understand them, then can you make money in the long run. Any strategy can give you money. That's why people make money trading Support and Resistance, Fibs and so forth.
I trade what's called a "rat trade" this was taught by a guy name TRO. Look at the daily candles. MOST daily candles have a TOP and BOTTOM wick. Those are Price RETRACES/REVERSALS/PULLBACKS etc..Whatever you want to call them. Regardless, the FACT that those wicks are there, mean YOU and I can make money.
How?
During the New York/London Session, Most daily moves are finishing extending (for those ATR lovers) or they've exhausted their momentum and the daily WICKS are about to form. Remember, keep your losses small. The smaller, the better. Trade the reversal, I trade SELLS and that's all I do.
When you start seeing that losing is okay, as long as you don't lose a lot, you can start BETTING BIG. In other words, if your stop loss is 2pips, your 10% might be $10...That means you can trade a .50 lot! Imagine you're right 50%. You can as long as you win more than 2pips on your winning trades, you'll have money!
It's that simple. If you wish to know more, visit Kreslik forums. There I post my Rat trades. Not all the time, but when I can.
You shouldn't worry about tick volume. Reason is that ticks are UP and DOWN PER TICK. So a 1 pip candle can have 1000ticks and another 1pip candle can have 2000ticks.
They are both the same size but the tick volume will be different depending on what was happening.
As for Body Size and Wick to Wick Size. That depends on the strategy.
Just test both options and see which one works better or what Pros and Cons each one has.
I'm guessing your strategy will use the Body and the Closing price format.
Press CTRL +B to open the object information. To know which one is which, hover over what you want, most likely the number.
Depending on the indicator, it will either change color or number.
From there, you can create your conditions.
Not sure, here is how it shows up on my app
It looks like multiple trades but it’s just two different t trades closed out. I haven’t been able to trade these past two days so I haven’t seen if adding block 56 solves the problem
@l-andorrà Thats what I originally had. I'm currently testing it with block 56 attached.
With your layout, it's creating the mistake. Instead of closing half once...it cycles over and over until you only have .01 left.
Been having issues with the closing half capability of fxDreema. I added "Once per trade/order" to see if it will work moving forward.
In essence, I want my EA to close the 50% after reaching the 1:1 RR (200% Distance of Stop Loss).
Unfortunately, the EA closes the whole position. It closes the first 50% successfully and then it continues closing 50% until it closes out the full position. All in a matter of seconds.
If anyone thinks my logic tree was wrong from the beginning, let me know, but I believe the block is buggy since the correct options are selected: "% of initial volume"
What I do is I have the EA draw a line. Then put my conditions like price under top line. When the new zz appears, I have it delete the line and then plot another line.
The strategy isn’t that good though. Price continues making highs and continues making lows continuously
@biztet You should be able to. It would take some creativity.
With my experience, start with the buttons. I created a button layout. You can use that as your skeleton. Once you have the buttons, try working on the conditions.
I’ll check it out once I get a chance, currently I don’t have access to my computer
Go to your builder. Then try to upload the file.
After you upload it, choose the link option.
Go from there