chrisandrews12
Member
- Messages
- 96
- Likes
- 0
broker alpari uk, vps CNS
exit strategy 3
0630 gmt
sell at 1.61644
BE at 20
stopped out at BE after hitting 33 pips, so a little unlucky missing 50% TP at 35 pips
I was tempted to get out because of the impending GBP news at 9.30 gmt, but I am learning that if I tweak this system now I will do it again in the future to my cost, so set and forget and think long term performance.
Just some thoughts from my perspective
Chris
exit strategy 3
0630 gmt
sell at 1.61644
BE at 20
stopped out at BE after hitting 33 pips, so a little unlucky missing 50% TP at 35 pips
I was tempted to get out because of the impending GBP news at 9.30 gmt, but I am learning that if I tweak this system now I will do it again in the future to my cost, so set and forget and think long term performance.
Just some thoughts from my perspective
Chris
chrisandrews12
Member
- Messages
- 96
- Likes
- 0
For peace of mind I would call your broker, it may be the spread but you wont know until they confirm
Chris
chrisandrews12
Member
- Messages
- 96
- Likes
- 0
broker alpari UK vps CNS exit strategy 3 (same settings as Mark)
2011.02.24 07:30 sell 0.17 gbpusd 1.62099 1.62099 0.00000 2011.02.24 08:43 1.61747 0.00 0.00 0.00 35
2011.02.24 07:30 sell 0.16 gbpusd 1.62099 1.61638 0.00000 2011.02.24 09:04 1.61638 0.00 0.00 0.00 46
so 81/2 = 40.5 pips for today :clap:
account has grown 10% in the last week so very happy so far
2011.02.24 07:30 sell 0.17 gbpusd 1.62099 1.62099 0.00000 2011.02.24 08:43 1.61747 0.00 0.00 0.00 35
2011.02.24 07:30 sell 0.16 gbpusd 1.62099 1.61638 0.00000 2011.02.24 09:04 1.61638 0.00 0.00 0.00 46
so 81/2 = 40.5 pips for today :clap:
account has grown 10% in the last week so very happy so far
chrisandrews12
Member
- Messages
- 96
- Likes
- 0
No signal today
hi magic,
i've been using TMT with SL=40 and TP=20 for the entire position. are you following similar settings?
february has been quite good with 13 wins and 1 loss
would be interested to see back test results for this if you have anything.
cheers,
gc
chrisandrews12
Member
- Messages
- 96
- Likes
- 0
broker alpari uk, vps CNS
today's trade:
exit strategy 3:
2011.02.28 07:30 buy 0.18 gbpusd 1.61090 1.61090 0.00000 2011.02.28 07:49 1.61440 0.00 0.00 0.00 35
2011.02.28 07:30 buy 0.17 gbpusd 1.61090 1.61281 0.00000 2011.02.28 08:35 1.61281 0.00 0.00 0.00 19
54/2 = 27 pips profit
Account 14% increase since 16 Feb
today's trade:
exit strategy 3:
2011.02.28 07:30 buy 0.18 gbpusd 1.61090 1.61090 0.00000 2011.02.28 07:49 1.61440 0.00 0.00 0.00 35
2011.02.28 07:30 buy 0.17 gbpusd 1.61090 1.61281 0.00000 2011.02.28 08:35 1.61281 0.00 0.00 0.00 19
54/2 = 27 pips profit
Account 14% increase since 16 Feb
Can somebody help me please. I am running Turbo Morning on a FXCM demo as I want to first test it before moving it to my live account, it works perfect on my live Go Markets account. It traded well for a while and now all of a sudden I get the following error messages:
"error opening order: 65: invalid account"
"error oopening order: 131: invalid trade volume"
Does anyone have an idea what this means?
"error opening order: 65: invalid account"
"error oopening order: 131: invalid trade volume"
Does anyone have an idea what this means?
New strategy, 15 TP at 6:15 GMT. 6:15 was breaking even at 15, and decided to go for 15 TP at
6:15 instead of 20TP.
This morning, +15 at 6:15 and +20 at 6:30.
Account is now up 30% for the month of February from a low of 4.5%. Upped the risk to 5% this month as well.
6:15 instead of 20TP.
This morning, +15 at 6:15 and +20 at 6:30.
Account is now up 30% for the month of February from a low of 4.5%. Upped the risk to 5% this month as well.
chrisandrews12
Member
- Messages
- 96
- Likes
- 0
trade today:
2011.03.01 07:30 buy 0.18 gbpusd 1.62713 1.62713 0.00000 2011.03.01 09:09 1.63100 0.00 0.00 0.00 39
2011.03.01 07:30 buy 0.17 gbpusd 1.62713 1.63012 0.00000 2011.03.01 10:11 1.63012 0.00 0.00 0.00 30
69/2 34.5
The first TP should read 35 pips, but for some reason it took profit at 39 pips, I cannot find any errors in the journal or otherwise explaining why this happened.
Chris
2011.03.01 07:30 buy 0.18 gbpusd 1.62713 1.62713 0.00000 2011.03.01 09:09 1.63100 0.00 0.00 0.00 39
2011.03.01 07:30 buy 0.17 gbpusd 1.62713 1.63012 0.00000 2011.03.01 10:11 1.63012 0.00 0.00 0.00 30
69/2 34.5
The first TP should read 35 pips, but for some reason it took profit at 39 pips, I cannot find any errors in the journal or otherwise explaining why this happened.
Chris
Last edited:
trade today:
2011.03.01 07:30 buy 0.18 gbpusd 1.62713 1.62713 0.00000 2011.03.01 09:09 1.63100 0.00 0.00 0.00 39
2011.03.01 07:30 buy 0.17 gbpusd 1.62713 1.63012 0.00000 2011.03.01 10:11 1.63012 0.00 0.00 0.00 30
69/2 34.5
The first TP should read 35 pips, but for some reason it took profit at 39 pips, I cannot find any errors in the journal or otherwise explaining why this happened.
Chris
You got some positive slippage. I was watching it just prior to close, and the GBPUSD went crazy and shot up over 20 pips within a two minutes leading to our exits. Not sure what happened at 8:09 yesterday because it was responding like a news release - even though there was none at that time.
chrisandrews12
Member
- Messages
- 96
- Likes
- 0
stopped out this morning:
2011.03.02 07:30 sell 0.35 gbpusd 1.62309 1.62709 0.00000 2011.03.02 10:27 1.62709 0.00 0.00 0.00 -40
ok the way I accept losses is that I look at it as rental charges for my business base, we can't have everything for free, there has to be cost involved.
Also we could look at it as a shop, we will not make profits every day, performance is based on long term analysis.
Chris
2011.03.02 07:30 sell 0.35 gbpusd 1.62309 1.62709 0.00000 2011.03.02 10:27 1.62709 0.00 0.00 0.00 -40
ok the way I accept losses is that I look at it as rental charges for my business base, we can't have everything for free, there has to be cost involved.
Also we could look at it as a shop, we will not make profits every day, performance is based on long term analysis.
Chris
chrisandrews12
Member
- Messages
- 96
- Likes
- 0
chrisandrews12
Member
- Messages
- 96
- Likes
- 0
today's TMT trade:
2011.03.03 07:30 sell 0.35 gbpusd 1.63211 1.62790 0.00000 2011.03.03 10:39 1.62755 0.00 0.00 0.00 46
ok this was for the full lot size so I got back yesterday's losses and some.
Although I am very happy with the result, I closed this trade manually for the following reasons:
1. at 35 pips the EA did not take 50% and the trailing stop only moved once.
I had a requote from alpari UK to take the 50%, a bit worrying I have to say.
I will contact them today to and publish their response here.
Has anyone else experienced this problem with Alpari UK
Chris
btw i will post this on the fmt thread to see if I get any observations there
2011.03.03 07:30 sell 0.35 gbpusd 1.63211 1.62790 0.00000 2011.03.03 10:39 1.62755 0.00 0.00 0.00 46
ok this was for the full lot size so I got back yesterday's losses and some.
Although I am very happy with the result, I closed this trade manually for the following reasons:
1. at 35 pips the EA did not take 50% and the trailing stop only moved once.
I had a requote from alpari UK to take the 50%, a bit worrying I have to say.
I will contact them today to and publish their response here.
Has anyone else experienced this problem with Alpari UK
Chris
btw i will post this on the fmt thread to see if I get any observations there
chrisandrews12
Member
- Messages
- 96
- Likes
- 0
response from alpari uk:
Re-quotes occur as a result of rapid changes in market prices, combined with maximum deviation being set too low, or even at zero. If the maximum deviation is set to zero, it means that the platform will only execute at the exact price on display at that time. This can be unrealistic in a fast-moving market when the price is constantly changing.
In order to minimize the possibility of Re-quotes, you may wish to tick the “Enable maximum deviation from quoted price” box, and set it to 10 pips as follows:
This means that your order will be done, up to 10 pips either side of the price shown. In the scenario above, the highest price at which you will buy is 1.40658, and the lowest price at which you will sell is 1.40622. This will greatly reduce the possibility of Re-quotes.
I hope this helps, but please do not hesitate to contact us if you require further information.
Kind regards
Miki Yamagata
Client Services
Alpari (UK) Limited
5th Floor
201 Bishopsgate
London
EC2M 3AB
ok so the question is can we or should we use max deviation, and can this be achieved with the TMT/FMT ea.
I have mailed Mark to seek his advice
Chris
Re-quotes occur as a result of rapid changes in market prices, combined with maximum deviation being set too low, or even at zero. If the maximum deviation is set to zero, it means that the platform will only execute at the exact price on display at that time. This can be unrealistic in a fast-moving market when the price is constantly changing.
In order to minimize the possibility of Re-quotes, you may wish to tick the “Enable maximum deviation from quoted price” box, and set it to 10 pips as follows:
This means that your order will be done, up to 10 pips either side of the price shown. In the scenario above, the highest price at which you will buy is 1.40658, and the lowest price at which you will sell is 1.40622. This will greatly reduce the possibility of Re-quotes.
I hope this helps, but please do not hesitate to contact us if you require further information.
Kind regards
Miki Yamagata
Client Services
Alpari (UK) Limited
5th Floor
201 Bishopsgate
London
EC2M 3AB
ok so the question is can we or should we use max deviation, and can this be achieved with the TMT/FMT ea.
I have mailed Mark to seek his advice
Chris
Are you on MT4 or Alpari MT4 Pro?
response from alpari uk:
Re-quotes occur as a result of rapid changes in market prices, combined with maximum deviation being set too low, or even at zero. If the maximum deviation is set to zero, it means that the platform will only execute at the exact price on display at that time. This can be unrealistic in a fast-moving market when the price is constantly changing.
In order to minimize the possibility of Re-quotes, you may wish to tick the “Enable maximum deviation from quoted price” box, and set it to 10 pips as follows:
This means that your order will be done, up to 10 pips either side of the price shown. In the scenario above, the highest price at which you will buy is 1.40658, and the lowest price at which you will sell is 1.40622. This will greatly reduce the possibility of Re-quotes.
I hope this helps, but please do not hesitate to contact us if you require further information.
Kind regards
Miki Yamagata
Client Services
Alpari (UK) Limited
5th Floor
201 Bishopsgate
London
EC2M 3AB
ok so the question is can we or should we use max deviation, and can this be achieved with the TMT/FMT ea.
I have mailed Mark to seek his advice
Chris