Posts made by TitanGeorge

@gaper Nothing to be embarrassed about. Fact that you're communicating with other members shows that you're able to overcome certain negative emotions.

I don't believe that the site will revert back to its previous state. Allowing for more than 10 connections per free project.

Nonetheless, fxDreema is worth it.

If you don't wish to spend the money, try creating an ea with 10 connections. It's possible, the 10 connection limit serves as a challenge and you'll be surprised how practical an EA can become. I created a good EA with alerts with the 10 connection limit, wish I had saved it so I could have shared it with you.

@roar Thank you Roar! Your good intentions are always welcomed.

I'm actually going to start making an EA that can automated. Should be done by the end of today. I'll share the results if I achieve what I'm looking for.

@biztet

Glad I was of help and appreciate your appreciation!

@roar Well it depends on the timing. My daily candles are formed at 6pm central US time. I believe this is the Tokyo session. It really doesn't matter what time your broker does it.

So, that YELLOW color, is my "WICK" area. TRO says that most of the time (forgot the actual stat but it's greater than 60%) price tends to STAY away from the previous days wick area. Just open a chart, on the daily, and you will see this phenomenon. Secondly, when price pushes through the wick area, usually there's a breakout at the previous day high or low.

What I'm trying to say, there's going to be a lot of movement in those areas. UP DOWN etc...possible breakout..so forth.

During this time, the daily high and low will start stretching. When you see enough room, you can start trading OFF the high or OFF the low.

This is not the Rat Trade though. The Rat Trades are done in the morning. When the daily candle has done most of its move during the London session and so forth. If you open your chart, and you see a daily candle with NO WICK, TOP OR BOTTOM, you can take a chance and bet on that small reversal. The reversal play is short, but since your stop is clearly defined, you can increase your lot size to the point where a 10 pip move can be worth hundreds of dollars. Of course, its all exponential growth.

The EA that I have, simply helps me with my trades. I have other EAS that work off RENKO charts but my main one is the one that manages the trade for me.

As soon as I place a trade, it will automatically place my stop loss at the high or low (depending if it's a buy or a sell) and then manage it from there. Usually I exit when I see a reversal but I'm changing bits trying to improve on it.

@trader-philipps

Not sure, he has so many videos. If you wish, go to Kreslik and you can take a screen shot of it and he will respond to you. He has his own daily video thread so you can post it there

and I'm out. I took the trade because I was okay losing $2 to make $5. Once your account gets bigger, you can start making those small pips count a lot. Some people can make over $100 in the same move I made.

Here's an example of what I mean. This can be called a Rat Trade but I'm using the SEMA as my condition and my daily LOW as my stop loss.

Anyone can feel free to share your experience. Trust me, someone, will appreciate it!

Tips for making a LONG TERM profitable EA.

1. Keep Losses Small

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.

2. Let winners run

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.

3. Money Management

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.

@fxgjg

Show your project. Maybe we can see if its anything the other guys said.

@pan4pips I sort of understand. I trade using RENKO, pull backs are easier for me to see but I don't 100% understand you

Yes, they are somewhat important. Check out the instructions. https://fxdreema.com/instructions

@fxgjg Just put Zero then. "0"

The no stop loss and no take profit work for me but maybe it's your broker.

@trader-philipps

Hey, I noticed my Button Logic is off. I assumed that the button would "reset" but it doesn't. It stays pressed. If I "click" again, it would technically get stuck in an infinite loop of being pressed.

Would you happen to know how I could cause an On Off On Off button? Once per click deal. Maybe a custom code but I don't know how to.

@biztet

Not sure, you're going to have to slow down and do one thing at a time until you see what is causing the errors.

Usually it's something your doing wrong and it needs correcting. Welcome to the fxDreema way of "debugging"

@pan4pips I'm intrigued by your view on this. It's price action but I like your statistics.

If you have time, can you break apart what you said.

1. Ranges (then) Trend (then) Ranges = 95% of the time. Is that what you see. I'm guess the other 5% is Ranges (then) Trend (then)Trend. No time for a range to form?

2. "1 pullback and a continuation." This is the definition of a trend but I'm not sure what you're referring to.

3."If there's no prior pullback and a failure you've simply found a subsequent turn (95% probability of a reversal??) and the prior slow (I'm guessing LOW after reading it multiple times) should be tested (breakout on the reversal with previous LOW as a point of interest??)"

It sounds like the 1-2-3 strategy. Where #2 is the recent low or high and the distance between the #1-#2 is equidistant to the next continuation. With a stop loss at the opposite low or high (#3).

@pan4pips

I don't think it saves, it looks the same but as long as it works for you, that's fine. Anyone can copy and paste that template. I'm about to add it to my current EA.

@crazycnw

You'll need to show a screen shot, not sure what you mean by linear W moving average line 6

@trader-philipps

That is correct! Many different options to incorporate, thanks to you, I've learned how to create alerts!

@pan4pips

@pan4pips

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.

@trader-philipps

I responded on the wrong thread. That's some skill you got there Trader Philipps!