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Biting the Big Apple - XAUUSD M1 trading London close / NY open

  • #201
  • Edited 8:23am Dec 12, 2023 8:01am | Edited 8:23am
Quoting Pivotpips
The system lacks around 2 filters in terms of trend and daily bias. As it is its just shooting at every duck and sooner or later one will blow the account. It still needs a lot of work.
WAE and HA for trend direction
currency strength for bias
not every system needs a daily filter
  • #202
  • Dec 12, 2023 8:20am Dec 12, 2023 8:20am
also in this case m15 down m5 down I enter m1
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  • #203
  • Dec 12, 2023 8:27am Dec 12, 2023 8:27am
Quoting teapeak
Took one more winning trade. Looks pretty consistent even as not in LO and NY timeframe. Will testing more. {image}
Hello!
What is your targets logic? I see your SL is the nearest SR but how do you exit in profit?
Just an opinion. Based on research
  • #204
  • Dec 12, 2023 8:35am Dec 12, 2023 8:35am
1-0 LO
1-0 NY

Done for the day


FTMO taking long to update challenge dashboard
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  • #205
  • Dec 12, 2023 8:36am Dec 12, 2023 8:36am
Hi Kirk,

Thank you for sharing your strategy!!

On Friday I started a trial FTMO challenge. So far I have traded for 2 days and what can I say? It looks incredibly promising. 3% Up in two days...

I added an EMA 21 and 100 to your indicator, to make better decisions for myself..

Monday - 11.12.2023
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Friday - 08.12.2023
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I'll definitely stay here
  • #206
  • Edited 9:11am Dec 12, 2023 8:37am | Edited 9:11am
How was it today: Not as bad as yesterday, but still deep in the soup.
What was good: Loss tirade slowed down, number of trades reduced
what wasn't so good: more losses in Sum, ?too much London
what decided today: - no lot increase before balance/equity => initial balance (200K) - no change SL/Tp (SL=100Pip/TP=110Pip, no profit protection during a trade)
So own rules: 5Lot/SL100/TP110
to decide later: 10/100/80 or 10/80/108 LO/NY
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Wish you all the best
  • #207
  • Dec 12, 2023 8:39am Dec 12, 2023 8:39am
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and a buy arrow comes out on h1 now I wait for it to come out on m15 then every time it comes out on m1 I open a position looking at the resistances anyway
  • #208
  • Dec 12, 2023 8:43am Dec 12, 2023 8:43am
Quoting MachineLearn
1-0 LO 1-0 NY Done for the day FTMO taking long to update challenge dashboard {image}
oh I see, I have to manually update..
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  • #209
  • Dec 12, 2023 8:46am Dec 12, 2023 8:46am
last one for the day
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  • #210
  • Dec 12, 2023 9:04am Dec 12, 2023 9:04am
Quoting mUrfo
last one for the day {image}
What's your initial SL and tp?
Thanks
Just an opinion. Based on research
  • #211
  • Dec 12, 2023 9:10am Dec 12, 2023 9:10am
Quoting MachineLearn
1-0 LO 1-0 NY Done for the day FTMO taking long to update challenge dashboard {image}
congratulate, FTMO refreshs every 10', have seen this belong other Props too.
  • #212
  • Dec 12, 2023 9:11am Dec 12, 2023 9:11am
Quoting Isabella_D
{quote} congratulate, FTMO refreshs every 10', have seen this belong other Props too.
Thanks! There’s a refresh button, you have to hit this get updated statistics
  • #213
  • Dec 12, 2023 9:14am Dec 12, 2023 9:14am
Very disappointed that I fell asleep with my laptop in bed waiting for the NY open, just woke up now, 2 hours too late.

I think I need to focus more on London open which happens from 7pm my time, far more time-friendly for me and less risk of me nodding off.

While I am disappointed at missing the open today I am happy to read some posts where people are managing to bank some pips. Congrats to you! Some others are not having the same success, though.

Remember this is just a tool and is freely available to use at your discretion. If it doesn't work for your particular trading style or time frame, perhaps you either need to think of other ways to use it, or maybe it just isn't for you.

Either way this thread is primarily focussed at promoting good trading habits using an indicator which can help identify a solid directional bias during periods of higher volatility (but not during news!)

I am now unavailable until I return home tomorrow. Good trading everyone!
Trade to Live - Don't Live to Trade
  • #214
  • Dec 12, 2023 9:22am Dec 12, 2023 9:22am
Quoting since80808
{quote} What's your initial SL and tp? Thanks
you can see them on the chart. SL is a small red line above my entry. TP was where the trade closed. RR was about 1.7:1.
  • #215
  • Dec 12, 2023 9:59am Dec 12, 2023 9:59am
Quoting kirkleaforex
Very disappointed that I fell asleep with my laptop in bed waiting for the NY open, just woke up now, 2 hours too late. I think I need to focus more on London open which happens from 7pm my time, far more time-friendly for me and less risk of me nodding off. While I am disappointed at missing the open today I am happy to read some posts where people are managing to bank some pips. Congrats to you! Some others are not having the same success, though. Remember this is just a tool and is freely available to use at your discretion. If it doesn't work...
the real action starts now
and thnx for sharing
  • #216
  • Dec 12, 2023 10:28am Dec 12, 2023 10:28am
Quoting since80808
{quote} Hello! What is your targets logic? I see your SL is the nearest SR but how do you exit in profit?
Around 10-15 pips or closest Support or Resistance level but it is just testing how it behave so maybe later a bit more or less based on market conditions.
  • #217
  • Dec 12, 2023 10:28am Dec 12, 2023 10:28am
Second trade of the day, virtually identical ro the first, oversold signal and semafor simultaneously which I did miss but entered on the pull back after the smaller semafor and previous support level hit once buy arrow was confirmed. However this time there was no 5 minute buy arrow so technically broke my own rule of a higher timefrime confluence to validate entry.
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As per the rules done for the day at 2% gain
  • #218
  • Dec 12, 2023 10:28am Dec 12, 2023 10:28am
Just take a quick scalp and the TP was this red level
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  • #219
  • Dec 12, 2023 11:05am Dec 12, 2023 11:05am
Quoting kirkleaforex
Very disappointed that I fell asleep with my laptop in bed waiting for the NY open, just woke up now, 2 hours too late.
//----

alarms help me..... london open is 2am......

just set the hour..... change the text if needed , such as news event....h
//------
Attached File(s)
File Type: ex4 alarm.ex4   7 KB | 336 downloads
File Type: mq4 alarm.mq4   2 KB | 371 downloads
to trade and code, keep both simple... no call to impress....h
  • #220
  • Edited 11:47am Dec 12, 2023 11:29am | Edited 11:47am
Quoting Eprst
{quote} Hello kirkleaforex ! You have a great strategy. I have a favor to ask, I don't trade gold, can you make a BTBA indicator for use on currencies?
Hi Eprst, thanks for your msg.

Here is a version of the BTBA ALL PAIRS indicator (V2.0) which should work for all 28 currencies. I have removed the colours for the exit 'X" alerts for now (you can add manually if needed) and changed max bars to 1000 as any more might slow your system. (This indi version is definitely no good for backtesting).

Also attached is an updated MQLTA Currency Strength indi which you will need to add to the /Indicators folder (replace your existing version) otherwise the BTBA ALL PAIRS V2.0 won't work.

Both indicators and the alert arrows may take a while to load so be patient. You might need to refresh your screen or otherwise change timeframes and then change back again for the arrows to appear - it is a bit buggy in that regard but once you have it up it should give you what you need. Let me know how you go.

EDIT: BUG FOUND AND FIXED - PLEASE DOWNLOAD AGAIN IF YOU ALREADY DOWNLOADED.
Attached File(s)
File Type: ex4 MQLTA MT4 Currency Strength Lines.ex4   87 KB | 458 downloads
File Type: mq4 MQLTA MT4 Currency Strength Lines.mq4   40 KB | 487 downloads
File Type: ex4 Biting the Big Apple ALL PAIRS V2.0.ex4   68 KB | 479 downloads
Trade to Live - Don't Live to Trade
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