Originally posted by BMM
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Smart Squared!
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Using MQL4 for MT4,
Here is a video on how to make a trailing stop: https://www.youtube.com/watch?v=IT2WinT4yjY
Instead of move to breakeven when 20/50pips in profit, have Stop loss move when < 5pips of set TP.
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Smart Squared!
Originally posted by genki7 View Post
Instead of move to breakeven when 20/50pips in profit, have Stop loss move when < 5pips of set TP.
Edit: just realised there's no SL on the scalper trades so no issue thereLast edited by pearcey2; 07-30-2015, 12:49 AM.
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It looks like we got some volatility - just not the kind we were looking for. Really not sure whether to pull the plug on this, but I am afraid of EURAUD dropping more now that it almost seems to have broken through the support.
I am a newbie in forex, but what is disturbing to me is that this signal placed multiple buys on EURAUD only around 100 pips away from a major resistance level on the weekly chart. Seems like a small upside and a huge downside potential, especially since it doesn't seem to place definite stop losses that are comparable to the size of the likely upside.
I would really appreciate any thoughts from more experienced people on these points. We're all trying to make the best decisions here.
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Originally posted by adastra View PostIt looks like we got some volatility - just not the kind we were looking for. Really not sure whether to pull the plug on this, but I am afraid of EURAUD dropping more now that it almost seems to have broken through the support.
I am a newbie in forex, but what is disturbing to me is that this signal placed multiple buys on EURAUD only around 100 pips away from a major resistance level on the weekly chart. Seems like a small upside and a huge downside potential, especially since it doesn't seem to place definite stop losses that are comparable to the size of the likely upside.
I would really appreciate any thoughts from more experienced people on these points. We're all trying to make the best decisions here.
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Originally posted by pearcey2 View Postthe master account is at -19% with WCS at -25%. If you close the trades now you'll guarantee a 19% loss on your acct. If you wait you risk an additional 6% loss vs a 19% recovery. Can't see any reason not to hang on
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Smart Squared!
Originally posted by adastra View PostI see. For what it's worth, I placed some sells on EURAUD without closing the buys, so as to hedge against further decline. So now just waiting to see which way it'll decide to go.
Your call but I'd be closing them, doing a quick cartwheel that you got lucky and they are in profit and letting the signal provider provide the signals (hence the name )
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Originally posted by minkw View PostAlso master as of now is around -9% not -19% unless my glasses are broken, so I think we vijay has lots of room to move,
Scalper I am on okay yes.Last edited by Big River Man; 07-30-2015, 01:46 AM.
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Originally posted by pearcey2 View PostIf you're someone who's new to Forex I'd reconsider manually intervening. The hedges might look good now but if there's a spike back up you'll be stuck with losing open trades and no idea how to handle them
Your call but I'd be closing them, doing a quick cartwheel that you got lucky and they are in profit and letting the signal provider provide the signals (hence the name )
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