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Posts by forex_trader_323686
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Gamblers Dream 1.6
in
Trading Systems
May 15, 2017 at 06:28
Setting designs in place for next version. Available to customers.Condition to stay out of bad trades where grid will be at highest risk.Grid will be based on Dynamic Fibonacci levels or pre-selected levels based on price action.Stay Tuned.
Gamblers Dream 1.6
in
Trading Systems
May 07, 2017 at 07:22
Signals Added toohttps://www.mql5.com/en/signals/276335
Gamblers Dream 1.6
in
Trading Systems
May 07, 2017 at 07:21
Hi there, I have it on Forex Factory with instructions and best practices. And hopefully a good forum will start to help everyone.https://www.forexfactory.com/showthread.php?p=9837473#post9837473
Gamblers Dream 1.6
in
Trading Systems
May 07, 2017 at 07:03
http://www.myfxbook.com/files/FXScotty/Capture_hC.PNG
Gamblers Dream 1.6
in
Trading Systems
May 07, 2017 at 07:03
Report on recorded trade sequence. http://www.myfxbook.com/files/FXScotty/Capture_Cj.PNG
Gamblers Dream 1.6
in
Trading Systems
May 07, 2017 at 07:03
Added video of a typical trade sequence after START button is clicked. Trading continues until the Martingale gets used and trade recovers. Automated trading stops at that point to allow the user to examine chart and decide whether to wait for better pattern
Gamblers Dream 1.6
in
Trading Systems
May 05, 2017 at 06:39
Here is an example of the placing a trade with pending orders. The initial order closed in profit and the next candle the EA opened a new sequence automatically.http://www.myfxbook.com/files/FXScotty/Capture_h7.PNG
Gamblers Dream 1.6
in
Trading Systems
May 05, 2017 at 06:38
It creates a situation for the user where the grid lines and stop loss can be fully adjustable and be represented on a chart for a visual reference of what the EA will do, before actually starting trading. Few indicators are needed as EA uses only MT4 built in indicators.
Gamblers Dream 1.6
in
Trading Systems
May 05, 2017 at 06:37
I thought I should elaborate what I mean on Trade "sequence".The purpose of the EA is that when loaded on a chart, it will create grid lines for current price and the recovery grid based on user defined settings. You can controlLot sizeNumber of levelsMartingale recovery multiplierHard Take ProfitTrailing Stop Starting PointTrailing Stop DistanceHard Stop LossThe current price and Grid lines follow price action tick for tick in real time. If the current Heiken Ashi is indicating a LONG position, the indicator will show a Green Line where trade will occur, and multiple grid levels bas...
Gamblers Dream 1.6
in
Trading Systems
May 05, 2017 at 06:37
And even if I blow a sequence I am still trading a martingale without blowing the account. As long as I stay away from news events and plan the EA start at best price action for a grid or martingale recovery.
Gamblers Dream 1.6
in
Trading Systems
May 05, 2017 at 06:37
The closer I get to $600, the risk drops down to 16%. Then back up to 33% when I increase base lot size to .02.
Gamblers Dream 1.6
in
Trading Systems
May 05, 2017 at 06:37
Ready for trading live on Monday. Adjusted lot size to .01 per $300 which gives me a max risk of approx. $100.00 or 33% if a sequence fails. 33% is high for most traders, but so far, I may lose a trade but rarely lose a sequence. None in past month.http://www.myfxbook.com/files/FXScotty/Capture_LN.PNG
Gamblers Dream 1.6
in
Trading Systems
May 03, 2017 at 14:56
I also designed it where a grid/martingales does not have to be used. Can be used to trade single order with Stop Losshttp://www.myfxbook.com/files/FXScotty/Capture_N6.PNG
Gamblers Dream 1.6
in
Trading Systems
May 03, 2017 at 14:50
With the upcoming elections in France, I am also testing the partial auto trade functionality.
Gamblers Dream 1.6
in
Trading Systems
May 03, 2017 at 14:50
I am trading very aggressively to reach personal milestones with a small account balance. Risk is greatly reduced if using a larger balance.
Gamblers Dream 1.6
in
Trading Systems
May 03, 2017 at 06:36
The trick when using a grid or martingale style methodology, is to know when to NOT place the trade. In the example above, the price has been ranging for some time between the order entry and the 2nd pending order. If the START button is clicked, it would place a single LONG order at the green line, and 4 pending orders at the gold lines. With a stop loss at the base of the grid in purple.Based only on the example above, I would probably not click the start button. But, if I did, it would have a good chance to recover based on history of the chart.
Gamblers Dream 1.6
in
Trading Systems
May 03, 2017 at 06:36
When loaded on a chart, it will not trade. But will draw guide lines as to where it's orders will be placed.If the current Heiken Ashi is signaling a LONG trade, the indicator will show a Green Line where trade will occur, and multiple grid levels based on user definable settings. If the current Heiken Ashi is signaling a SHORT trade, the indicator will show a RED Line where trade will occur, and multiple grid levels based on user definable settings.http://www.myfxbook.com/files/FXScotty/Capture_RC.PNG
Gamblers Dream 1.6
in
Trading Systems
May 03, 2017 at 06:34
Basis of the EA is based on gambling strategy, not typical Forex trading strategies. Trading when the odds are in your favor. In gambling the house always wins if you sit in the chair long enough. You have to find those situations where a trade is most likely to recover or choose to not trade at all.The EA is a grid recovery strategy. An initial trade is placed using the Heiken Ashi as the determining factor whether the trade will go long or short.http://www.myfxbook.com/files/FXScotty/Capture_Ri.PNG
Gamblers Dream 1.6
in
Trading Systems
May 03, 2017 at 06:29
NO trading the remainder of the week due to France Elections this weekend. Broker leverage lowered.
Gamblers Dream 1.6
in
Trading Systems
May 03, 2017 at 06:29
Gambler's Dream uses a primary order with a recovery grid of 4-5 levels. Only used when previous market range is within grid levels.http://www.myfxbook.com/files/FXScotty/Capture_YG.PNG
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