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Zen method, make your own bank

Quoting zentrader8
{quote} so overall still in profit hal? nice to hear that.
Yes still in profit, I pretty much am running the original method without stop loss. Also resetting the trade each day for trigger.
I want to verify setting with you all, because my broker is GMT+1, so i changed Marketopentime to 7, is that correct ? please check attached picture below:
Attached Image (click to enlarge)
Click to Enlarge Name: capture impage.JPG Size: 111 KB
Loka009,
for London Open, you should be setting Marketopentime to 9.

Something you might find useful,
From with ForexFactory, click on the Market tab, scroll to the bottom and look at the Session Times. Provided you have set your timezone correctly, you will see all the session start and end times.
Thanks a lot!
I've tested the method you mentioned with EURUSD pair. It appears that it works!. I will try it with some other pairs, and show the result
Hi all,
I have tested it during the January of 2018 to now but the result is not really promising. The account will surely blow up if it going on 1 direction. Since it floating and we not know when it gonna stop. Surely the result on August to now is really positive now.
May be add another filter seem right ?
Quoting kongminh113
Hi all, I have tested it during the January of 2018 to now but the result is not really promising. The account will surely blow up if it going on 1 direction. Since it floating and we not know when it gonna stop. Surely the result on August to now is really positive now. May be add another filter seem right ?
Could you post your results, would be good to see?
hal7, I have uploaded my EA.
The following parameter explain itself:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 26 KB

Enter_Trade_Hour is the time which execute the pending order.
Close_Pending_Hour is the time cancle all the pending order that day.
Take Profit is 100 POINT from the 100 POINT from high/low ( may be I will add the pending order signal as well, default now is 100 point from the high/low)

The result:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 32 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 39 KB


Please give me the feedback so I can adjust this later.
Attached File(s)
File Type: ex4 high_low.ex4   8 KB | 243 downloads
Quoting kaza007
Loka009, for London Open, you should be setting Marketopentime to 9. Something you might find useful, From with ForexFactory, click on the Market tab, scroll to the bottom and look at the Session Times. Provided you have set your timezone correctly, you will see all the session start and end times.
Thanks Kaza007 for your advice, but if we follow thread rule at first page, he set it to 1 hour before London open. my broker is GMT+1. is that correct ?
Quoting kongminh113
hal7, I have uploaded my EA. The following parameter explain itself: {image} Enter_Trade_Hour is the time which execute the pending order. Close_Pending_Hour is the time cancle all the pending order that day. Take Profit is 100 POINT from the 100 POINT from high/low ( may be I will add the pending order signal as well, default now is 100 point from the high/low) The result: {image} {image} Please give me the feedback so I can adjust this later. {file}
Dear Bro, Kongminh113,

Thanks for sharing your EA, but could you add stoploss with 100pip or we can edit this option later ?

Loka009
Hello,

I'm checking this system, to me it looks like a failing system

"set tp 100, let the loss floating"

So max tp is 100, loss is unlimited ? It won't work during a strong trending market
What if you had bought eurusd near 1,60 ? or gbpusd inside 2 ?

One thing i should say, any person could enter the market. But not anybody could exit it at the right time

Exit is the most important part of a strategy/system

You should work on it

Good luck with it
COT: The precious data ignored
Quoting loka009
{quote} Thanks Kaza007 for your advice, but if we follow thread rule at first page, he set it to 1 hour before London open. my broker is GMT+1. is that correct ?
Quoting zentrader8
The strategy is quite simple:
1.Open GBPUSD,use the first hour indicator attached, set it to 8.00(I use GMT+2 broker) for others broker please suite it with your own broker.
I read this as the first hour of the GBPUSD. Maybe zentrader8 or someone else can clarify!
Quoting kaza007
{quote} {quote} I read this as the first hour of the GBPUSD. Maybe zentrader8 or someone else can clarify!
Dear Kaza007,

i have check with time zone converter, if GMT+2 is 8am at GMT+1 is 7am... please check attached picture below for reference. thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: Convert time zone.JPG Size: 44 KB
Quoting kongminh113
hal7, I have uploaded my EA. The following parameter explain itself: {image} Enter_Trade_Hour is the time which execute the pending order. Close_Pending_Hour is the time cancle all the pending order that day. Take Profit is 100 POINT from the 100 POINT from high/low ( may be I will add the pending order signal as well, default now is 100 point from the high/low) The result: {image} {image} Please give me the feedback so I can adjust this later. {file}

Thanks for the EA, could you please add the stop loss?
and right now actually i found that it would be more profitable if we are not erasing the order, and left it everyday until it triggered,but on each orders we set sl for 100 and tp for 100 pips. and also make a trailing stop. 50 pips to +5, 75 to +10 and then 100 tp.
could you help me to make an EA, that open orders everyday and left it until it triggered(if its not triggered until 2 months we will delete the pending orders)?
this way we will trade based on area, and until the area is reached we dont open the trade,
i want to backtest the method, but without using a computer, its very hard to do the manual backtest with this method.
Quoting kongminh113
Hi all, I have tested it during the January of 2018 to now but the result is not really promising. The account will surely blow up if it going on 1 direction. Since it floating and we not know when it gonna stop. Surely the result on August to now is really positive now. May be add another filter seem right ?
yeah, i think we should add the stop loss filter, but with this setup we dont erase the trade, we will keep it until 2 months and wait for it to triggered, the results seems amazing, but its very hard to do the manual backtest.
In order for there to be a range, price has to move away from the open price. Long above the open and short below is what logic dictates. After price moves N pips away from the open, it may retrace, cross the open and begin to add to its range. My question is why wait for 100 pips to enter when you could already have 100 pips or so in your pocket?

Thank you. Green pips to all. Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Quoting kongminh113
hal7, I have uploaded my EA. The following parameter explain itself: {image} Enter_Trade_Hour is the time which execute the pending order. Close_Pending_Hour is the time cancle all the pending order that day. Take Profit is 100 POINT from the 100 POINT from high/low ( may be I will add the pending order signal as well, default now is 100 point from the high/low) The result: {image} {image} Please give me the feedback so I can adjust this later. {file}
hai kongminh113..thanks for sharing the EA..much appreciated..i will try to use it and give feed back..tq...




Green Pips to all.
Quoting dicojoxaftr
Let's try this one on demo. {file}
Could your EA set SL when the close price lower of the first hour candle lowest or higher of the top? Then creat a new sell or buy.
Quoting piyong
{quote} Could your EA set SL when the close price lower of the first hour candle lowest or higher of the top? Then creat a new sell or buy.
forget about forex its a scam

cheers
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  • Last Post: Mar 25, 2019 2:09pm Mar 25, 2019 2:09pm
We can use third party software to set SL
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