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  • Last post Today 11:11:23 by sebastianvillenadubiel

EURUSD RFX- 1MIN

by ftoncu.bim

FOREX EA

by rossolebile

My forex ea

by pilililo2

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USDCHF: The pair looks to weaken further in the new week on corrective pullback threats. On the downside, support lies at the 0.9850 level. A turn below here will open the door for more weakness towards the 0.9800 level and then the 0.9750 level. On the upside, resistance resides at the 0.9950 level where a break will clear the way for more strength to occur towards the 1.0000 level. Further out, resistance comes in at the 1.0050 level. Above here if seen will turn attention to 1.0200. All in all, USDCHF faces further corrective downside pressure

[h1][/h1]
Ichimoku Kinko Hyo System indicator developed by Goichi Hosoda is based on the popular Ichimoku Kinko Hyo trading principles. It’s a complete system that gives you buy and sell signals for every currency pair and time frame. It’s composed of three main sections: 1) Overall trend direction, 2) open and short positions, 3) support and resistance levels.
Trading Signals
BUY: Wait for the indicator to open a new buy position.
SELL: Wait for the indicator to open a new sell position.

odomike wrote:

What's the minimum account balance to start trading with this EA? Can it work on small accounts of less than $500? And can you tell us the lot size to start with based on a $1,000 account for instance? We can scale according to account equity afterwards.

For this, and most of other martingale based EA an absolute min. of $5000 running 0.01 lot is needed (the more the better)from my experience ! Adjusting your pipstep will also reduce risk (higher pipstep = less risk). Don't use too high multiplier (Lotexp), the default of 1.357 is fine to start off. With martingale EA's, BE SURE THAT ONE DAY YOUR ACCOUNT WILL BLOW UP. ! It's not a question of will it happen but a question of WHEN will it happen, so be carefull :-)

What I would do if I only had $500 for trading this EA. Open 5 different cent account of $100 (= 10.000 cent). Run on EACH account a different pair (pick non trending pairs) with 1 chart buy EA and another chart Sell EA. Use your preferrable pairs and time frames.
At the end of each week you will TAKE THE PROFITS of the equity, not balance (above $100) and put it on a side account. If EA is at loss that week, let it run until in profit and then also take profits off. Do this with the 5 different accounts, each week.
If at a given point, one accounts blows up, you will have most likely made already enough profits on your "side" accounts to start up a new one.

You also have to think that such EA's are not "set and forget". You have to keep an eye on it and when you see that one or the other account is coming into trouble, you have to take action BEFORE it blows up. You can close your positions, take the loss and start over or you can, like I do, take manual trades at major support/resistance, to help the EA a hand and try to close all at breakeven or small(er) loss. But as you can understand, you will not always have the chance to do that :-)

It is really helpful for BBMA traders. 
Red dot-extreme 
Blue- equal 
Yellow- momentum
Also attached indicator which draws support and resistance levels. It repaints but helpful in bigger tf

The Pivot Point Extra Indicator is based on a special mathematical algorithm that can predict future reversals of any market with a high probability. Our Pivot Point indicator is extremely easy to use and trade. The indicator uses the D1 time-frame for its calculation. So especially the intraday traders will get the most from our exclusive Pivot Point indicator

The indicator always displays the main pivot point (yellow line). The indicator also displays 3 important resistance levels (red lines) and 3 important support levels (blue lines). It does not matter which time-frame you will choose - the indicator is always calculated based on the daily time-frame.

The Trend Scanner trend line indicator displays the trend direction and its changes. The indicator works on all currency pairs and on timeframes from M1 to D1. The indicator simultaneously displays multiple readings on the price chart: the support and resistance lines of the currency pair, the existing trend lines, the Highs and Lows of the price, as well as the current direction of the trend. The indicator generates accurate signals, which allow opening trades following the trend. The blue dots on the chart indicate the Highs and Lows of the price, the white trend lines display the support lines, the red trend lines display the resistance lines, the yellow thick line demonstrates the direction of the current trend, the blue dot at the beginning of a yellow line is the guide for setting Stop Loss. When the currency pair movement direction changes, the Alert Buy or Alert Sell message pops up, showing the price and the recommended Stop Loss value.

I'd say you should study some books on tech analysis and watch historical data before you invest your real money somewhere. I think most traders don't use any fancy strategies - just plain support and resistance plus a couple of indicators.

If you are harmonic trader you'll find this fib pivot indicator often corresponds on key zones.

I think even it is possible manually trading with such idea. If price is moving away from MA (SMOOTHED 100) at least at 7-10pips it is possible to open manually trade towards back to MA (SMOOTHED 100). But there should not be any high important news at leats a several hours and there should not be big downtrend or uptrend. This is just idea for scalping for several pips. Everyone could check this idea on MT4 with this indicator. 
And it seem one thing - if price moving away from MA (let say) 10-15 pips and starting to reverse back to MA but it does not reach at least very near MA and again moving away from MA - it could mean that starting some more BIG TREND. So avoid such moments, and wait till price will return to MA and again wait situation when price will move away from MA.
Maybe it is better to trade with also support and resistance lines, Fibonacci channels. It is up to you. Just idea for checking how EA is working with this indicators and also try to trade yourself.
I am not trading expert. This is just idea smile

I am not in any way shape or form able to code an EA, and I applaud all of you who can, despite it being profitable or not. I am in the process of learning though, because I'd like to think my trade strategies are consistently profitable, and adaptable to all changes in the forex market. I'd love to see more EA's shared and coded based on risk reward ratios of 1:2 or higher, more EAs usings momentum on breakouts with stops below breakout bars..especially on the 1hour + TF. I am thankful for all the shares of 1/5 min scalping EAs, Grid EAs, even martingales..(makes for a good time killing in backtest seeing how long I can make one last before an equity stop out). I'd like to see some EAs that are based on 3 daily support/resistance levels (based on a good indicator like Auto Pivot etc, whatever you prefer.) But most importantly..scalping eas on low TF are extremely difficult to use on a live account with solid results. There is so many variables, brokers, slippage, spread, you name it. EAs with a solid foundation, at least to be shared to the community, should be less broker/condition specific, and ALWAYS use STOPS. Any time a new grid/martingale is introduced, we might as well title it as.."a ticking time bomb that lasts just a little long than the last one!" 3 EA's that Id like to bring to light as ones with reall potential include Momentum based EAs, KeltnerPro style (momentum related) and things like Forex Earth Robot (kind of griddy, based AGAIN on momentum and uses stops to some extend. Please share if you've got them! thanks! I cannot code, but with the code included, I am able to alter it well enough to maybe help tweak its results to better suit a live account. LAST THING...PLEASEEEEE keep in mind..I use Tick Data Suite as a backtesting agent at 99.9% quality. If you do not have this software..so be it..they offer a 15 day trial though.. What i need to get across here is that I can take a 90% quality backtest EA that just rakes in profit, and then plug it in to 99.9% test through TDS and watch it just hit the floor and slaughter an account. So backtests using TICK data only at high % quality are preferred. Thanks for enduring my rants and I am very thankful for everyone's posts!

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