Hi, I essentially trade 3 systems in one. Normal Zen rules with 10pip TP and 15 pip SL for any candle that touches the 24ema If price > ema, then trade long 1 tick above last 24hr high. 1xATR stop and 2xATR TP If price < ema, then trade short, ...

Simplicity is the Ultimate Sophistication

I trade manually, as I never trust EAs in MT4. Too many spoofing back doors, plus my broker has wider stops on MT4 than the web based platform. They are helpful for idea backtesting though.

Simplicity is the Ultimate Sophistication

No trade activation for me today as using the >ema methodology means my entry was above the last 24hr high. Order still live but will auto cancel at 0600 tomorrow.

Simplicity is the Ultimate Sophistication

I'm not sure EA V9 is working correctly as it was taking a v2 trade this week with a 10 pips TP instead of ATR based. It also took the v2 trade when it should have been a V1 trade as price touched the MA. Is Grandeavus still around?

Simplicity is the Ultimate Sophistication

In saying that, my trade hit S/L too on news volatility at 1330. That's the breaks. Always next week.

Simplicity is the Ultimate Sophistication

This shows the beauty of only selling below the MA and buying above. My order is still in the market at .30 level below the last swing low. The MA tells me to short, but I only want to below the last low, ie trend continuation. You can use the EA to ...

Simplicity is the Ultimate Sophistication

Zen -are you now using Tickmill? What are they like? Do they spoof the EA etc? Are they CFD broker or spreadbetting? It wasn't clear on their page sadly

Simplicity is the Ultimate Sophistication

Grandeavus - check your PMs please ref EA code. Thanks

Simplicity is the Ultimate Sophistication

Hi Grand The EA took an incorrect trade this morning on EU? Any ideas why? It bought EU at the bottom of the H1 candle when it should have invoked Rule 2 and bought at 1.0937 and not 1.0925? I'm using the 0900 candle buy, 24 ema and rule 1 and rule ...

Simplicity is the Ultimate Sophistication

grear stuff thanks Grand. Will load up later. Top drawer stuff.

Simplicity is the Ultimate Sophistication

Ill review later but I didn't have 3 losses. If you take a random 3 month back test from any historical period you will see the ma filter keeps you out of more losing trades than the original method. You need to pick a period and then walk forward ...

Simplicity is the Ultimate Sophistication

Sorry - my error. I read EA as MA! You could buy a cheap laptop and then only install MT4 on that and just leave the EA running with laptop booted up. I've done that before. Just use a screensaver! Alternatively, ProRealtime charting (with them ...

Simplicity is the Ultimate Sophistication

Really? I'd get a new broker! Both the ones I had in the past allowed you to apply loads of indicators. Try ETX or Ig Index. I prefer ETX as they allow for OCO orders, but it's what's right for you in your country really. If you can't apply the ema ...

Simplicity is the Ultimate Sophistication

Todays trade should have been normal Zen rules but with ATR stop. Rule 1 is always ATR stop and 10 pip TP. Only use this rule when signal candle touches the ema If above/below ema - we use ATR stop AND ATR TP, but only above/below the last H1 swing ...

Simplicity is the Ultimate Sophistication

See attached. Should have not lost twice either as 'we' (rather I) no longer advocate taking a second trade - the ATR money management negates the need for a second trade if the first loses. You need to set orders above/below the last H1 swing ...

Simplicity is the Ultimate Sophistication

You can change the last high look back. I mentioned 12hr but looking at past charts, what we are really looking for is the last low/high swing. I tend to trade above/below that on the H1 I think 24hrs could be sensible.

Simplicity is the Ultimate Sophistication

Thanks Zen. This is the reason in the EA for showing previous 12h high. As price was above the ema one would only set a buy stop order. The previous 12h would be the one needed to be exceeded if the trend was to continue. I had my buy at 1.0952 ...

Simplicity is the Ultimate Sophistication

I'm just trailing the 1600 candle close as the US open is often faded as the 1hr candle extremes due to many historic trading methods using the opening hour. I read a report on ZeroHedge recently that pointed to nearly all of US equity trading ...

Simplicity is the Ultimate Sophistication

Thanks Sir. Is this why I could be getting Error 130 all the time? Is this related to the magic number? When I run the backtest in MT4 it starts off for a few trades then hangs with Error 130 Order Send error. Is this Broker related to stop min ...

Simplicity is the Ultimate Sophistication

Hey Grandaevus On the EA what is the magic number please? Thanks

Simplicity is the Ultimate Sophistication