Forex Software — newbie strategy advice

Re: newbie strategy advice

null@example.com (georgeharrison) — Mon, 30 Mar 2009 13:28:22 +0000

many thanks

Re: newbie strategy advice

null@example.com (finvik) — Sat, 14 Mar 2009 20:35:05 +0000

Nice Popov very nicely explained.

Re: newbie strategy advice

null@example.com (onlinestock) — Fri, 20 Feb 2009 12:32:39 +0000

That is nice, but i often use to start after two hours. You might feel it a bit funny, but usually it works for me. And about Asian strategies, I am feeling better with mine. I might try this afterwards. Thank for this.

Re: newbie strategy advice

null@example.com (garrog) — Thu, 19 Feb 2009 10:38:18 +0000

many thanks, I'll try that out

Re: newbie strategy advice

null@example.com (Popov) — Thu, 19 Feb 2009 10:29:22 +0000

Here you are some ideas:

Market: EURUSD 1 Hour <---- 1 Hour chart

A same direction signal - Does nothing
An opposite direction signal - Does nothing
Permanent Stop Loss - None

[Opening Point of the Position]
Entry Hour
Enter the market at the specified hour
Base price - Open
Entry hour - 9 <--------- Enter the market at 09:00

[Opening Logic Condition]
Momentum
The Momentum rises <----- Momentum (8) rises
Smoothing method - Simple
Base price - Close
Period - 8
Additional smoothing - 0
Level - 0
Use previous bar value - Yes

[Closing Point of the Position]
Stop Limit
Exit at the Stop Loss or the Take Profit level
Stop Loss - -60 <------- Exit
Take Profit - 40 <------- Exit

newbie strategy advice

null@example.com (garrog) — Thu, 19 Feb 2009 10:19:15 +0000

I would like to set a strategy that opens 1 hour after the market opens in Europe that is in the same direction as the overall movement in the previous ( asian) period, and which exits after a profit limit of say 40pips. ie if asian period GMT 00:00-08:00 has been positive then I want to open long at GMT 09:00 and close after a limit profit has been reached. similarly go short if asian period is negative.

any advice welcomed