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Scalping Gold using WPR

  • #761
  • May 21, 2021 9:15am May 21, 2021 9:15am
Quoting Lion47
ow thanks bro
you're welcome my friend,your EA should be in profit closing in on 200 pips ADR Gold is worth trading 24/5
  • #762
  • May 21, 2021 9:26am May 21, 2021 9:26am
btw, I have 3 bots running on 4:00(just forex time) and it does take profits earlier, I have to ask if this is ok or wrong
  • #763
  • May 21, 2021 9:22pm May 21, 2021 9:22pm
Quoting Lion47
btw, I have 3 bots running on 4:00(just forex time) and it does take profits earlier, I have to ask if this is ok or wrong
This is experimental and sometimes at 8:00 it does TP earlier,I have tested also.If it works in the long term do it bro.

Analysis needed though,don't enter blindly just because the times tells you its now.....
  • #764
  • May 24, 2021 12:12am May 24, 2021 12:12am
sorry for asking dumb question

if Both of the WPR is already at the top or bottom zone when the session time is start for trading (london time for example), the EA won't open a position right?
  • #765
  • May 24, 2021 4:16am May 24, 2021 4:16am
Quoting scsstnt
{quote} This is experimental and sometimes at 8:00 it does TP earlier,I have tested also.If it works in the long term do it bro. Analysis needed though,don't enter blindly just because the times tells you its now.....
what kind of analysis?
  • #766
  • May 24, 2021 5:18am May 24, 2021 5:18am
Quoting Tabary
sorry for asking dumb question if Both of the WPR is already at the top or bottom zone when the session time is start for trading (london time for example), the EA won't open a position right?

Ea will open position.

Ea will consider WPR as trend not such over bought & Over Sold on stochastic
I am completely a lazy Trader & Pennies Rebate Hunter
  • #767
  • May 24, 2021 6:04am May 24, 2021 6:04am
Quoting Lion47
{quote} what kind of analysis?
Market structure,support/resistance,supply or demand....timing is critical to this EA,once you know when to open,it can earn you profits for the rest of your life,if you're just leaving it to run 24/7,that won't work......must have some trading knowledge,or if it were set and leave alone,we all would be millionaires by now
  • #768
  • May 24, 2021 6:28am May 24, 2021 6:28am
Quoting Tabary
sorry for asking dumb question if Both of the WPR is already at the top or bottom zone when the session time is start for trading (london time for example), the EA won't open a position right?
This means that its a strong or sudden move up/down,if its enough to hit the TP it will.....if not this also means it can have a fake move ,most important and it will happen unless you know when the market up or down....I am trying to get the right market conditions,so far its doing well,even in poor market conditions,whenever it exists,sometime during at least 1 session for the day should make profit.
  • #769
  • May 25, 2021 8:33am May 25, 2021 8:33am
should I avoid this or nah
Attached Image
  • #770
  • May 25, 2021 8:43am May 25, 2021 8:43am
Quoting Lion47
should I avoid this or nah {image}
Most likely you should as suggested by rules of trading EA ,but if you're a news trader and understand how it works,by all means go ahead :-)

I will trade it but analysis done on another chart which give me entry
  • #771
  • May 25, 2021 9:47pm May 25, 2021 9:47pm
Quoting AdmiralKaguy
{quote} I am on Gold, GBPUSD, GBPAUD, GBPJPY using manual WPR strategy. But seems I'm keep losing on gold, they hit SL but then run for my direction. GBPAUD was my best. I'm using TP around 40 pips and always hit.

Hello sir

if you willing to help a newbe like me, I still have lot's of confusion about manual trading with wpr

did you use 1M timeframe also ?
and is the trading time also start at asia,london,newyork session also?
  • #772
  • May 26, 2021 10:16pm May 26, 2021 10:16pm
I was wake up late this morning and got entered late too on asian sesion.
but because of that, it save me from 3 loss trade at the first our of season i think....

but now the trading hour is finish and this still happen......

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As you all can see there is still a trade that still going, although it's on positive but still have not close for profit (or lose)
every time this happen it always give me a struck of confusion in my head to what must i do next???

should I close it and take the partially win but not reach the 3% target (at least still cover the lost previously) ???
should i let it run until the EA close it self either close by reach the target or close by wpr going the other direction???
should i turn of the timer on the EA and let it keep marty until 3% is reach??
or anything that i must do that i don't know any strategy ???


I will be much appreciate if someone give a clear answer about what to do next if this happen, especially when this happen and the position is still in negative (floating minus) condition and,
The explanation can come later
  • #773
  • May 27, 2021 12:02am May 27, 2021 12:02am
this is the date that i would avoid trading for the month of june and july or i am wrong? need help if one of this dates are good to trade
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  • #774
  • May 28, 2021 8:16pm May 28, 2021 8:16pm
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  • #775
  • May 28, 2021 8:21pm May 28, 2021 8:21pm
Quoting Tabary
{quote} Hello sir if you willing to help a newbe like me, I still have lot's of confusion about manual trading with wpr did you use 1M timeframe also ? and is the trading time also start at asia,london,newyork session also?
You have to learn about the basics before any attempt on how,when or why an EA operate in the real world.....the can destroy your account quite easily if not set to run the in the correct conditions.Refer to post 2 and try on various time frames.Yes, Asian,London,New York session each has a trade for the respective time and this is the key for daily profit.Once you know this,the only obstacle in your way is loss recovery.Many traders only think about Money and not its management. Sooner or later they learn the hard way. It's not easy targeting 5%+ per day,achievable but how does one manage drawdown and recovery at the same time? Research and find the answer.....books,videos,webinars,strategies,gurus,mentors,chart patterns,signals,channels,managers and robots can only be a guide,your focus must be to take the LIVE MARKET PRICE and turn it into profit.What you see on any platform in the past are only historical transactions in form of candlestick patterns/footprints for what lies ahead......
  • #776
  • May 28, 2021 8:36pm May 28, 2021 8:36pm
Quoting Tabary
I was wake up late this morning and got entered late too on asian sesion. but because of that, it save me from 3 loss trade at the first our of season i think.... but now the trading hour is finish and this still happen...... {image} As you all can see there is still a trade that still going, although it's on positive but still have not close for profit (or lose) every time this happen it always give me a struck of confusion in my head to what must i do next??? should I close it and take the partially win but not reach the 3% target (at least still...

Hello Tabary......

What time you refer too as too late in the Asian session?

You can run into drawdown if EA keeps opening lost sizes bigger and bigger each time when daily target not hit and this is what nobody would like.If the market is not looking good and you're in small profit,close and maybe turn off auto trading until next session which is london and use target formula to recover Asia's loss inside London session.Anthon can answer this much better,I am also working with bad market conditions from time to time and waiting for recovery when this can allow better move.Sometimes in London and NY its possible to recover very good from Asia loss.,or the other way around.Use price action and it will tell you when to exit or leave the trade running.Use of pivots is good...use the higher timeframe to know when its good to buy/sell,the main intention of this strategy that the EA focuses is trading on the opening and volatility of all 3 trading sessions.
  • #777
  • May 29, 2021 6:47am May 29, 2021 6:47am
Using WPR 9/54 as in post #2 with price action ONLY! You will be able to know when and where the EA is most effective.At this level you can make any instrument profitable and take $$$ from the market anyday anytime

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  • #778
  • Jun 1, 2021 6:31am Jun 1, 2021 6:31am
Trick to crack FTMO Challenge

https://www.forexfactory.com/thread/...7#post13562697
I am completely a lazy Trader & Pennies Rebate Hunter
  • #779
  • Jun 7, 2021 7:25pm Jun 7, 2021 7:25pm
Hi Anthony, thank you for your fantastic and ea.
I have a question: Can you explain to me a basis on which logic the expert close the position? I have seen that sometimes it does not reach take profit and closes anyway. I have not activated trailing.

Thanks
  • #780
  • Jun 11, 2021 4:42am Jun 11, 2021 4:42am
This idea is genius. Many thanks to Anthon25.

I have been using it manually with great results.

I am not a coder and I do not know if this can be done but if someone pops a 200 EMA and only take positions accordingly I think the success will be much higher on 1m Gold.

Also not closing if opposite signal hits but only if S L is hit and only if there is not a cross of the 200 EMA.
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