Break Out on Close, calculated loss risk

TF H4.
check previous candle close value.
check previous candle high value.
check previous candle low value.

buy at 10pip above previous h4 close, stop loss previous h4 low + 10pip
lots = ? how much margin to risk for the stop loss
if capital $1000, risk 1% of capital, $10, lots=$10/stop loss

or

sell at 10pip bellow previous h4 close, stop loss previous h4 high + 10pip
lots = ? how much margin to risk for the stop loss
if capital $1000, risk 1% of capital, $10, lots=$10/stop loss

Calculated Loss Risk Break-Out EA

This EA calculated lot size to ensure your risk loss (stop loss value) depending on amount you are willing to lose for each trade opened. Bigger SL smaller lots, smaller SL bigger lots.

food for thought

Look at the following two scenarios and see for yourself what it means:
· Which would you prefer:
o A sure loss of $9000 or
o A 5% chance of no loss at all and a 95% chance of $10000.
· Which one your prefer:
o Sure gain of 9000 or
o A 95% chance of a $10000 gain plus a 5% chance of no gain at all.
In the first case More than 80% of the public does not pick the sure loss and picks the risky gamble which works out be a bigger loss (9500).
In the second case more than 80% of the population picks up the sure gain which works out to be less profitable (9000) whereas the second option is a gain of 9500.

Lately, market volatility has been cutting through trader's accounts like butter. I know this for a few reasons. First - I have access to information on the dealer side and retail accounts are getting hammered (more than usual ;) Second - I am getting a flood of emails from frustrated traders. Finally - traffic and trading volume from retail traders has dropped off since last Friday. This happens every time the market adjusts like this. Each time is another opportunity to learn a little more.

I find that one of the problems that many traders deal with during these periods is that they try to treat it like the previous trend. Not all volatility is the same. For example, long term traders can have tight stops when the market is trending like crazy but once it is clear that the market is going to get a little wild it is time to reconsider the width of your stops or trading strategy. Otherwise you are putting yourself at a disadvantage.

source: forex factory

Closer look at some details of H4 YEN Break Out EA

when someone thought that trades were done manually, not by my coding (really pissed me off).

EA YEN H4 Break-Out

I rarely trade yen. But with strategy built in this EA, based on break-out range in H4, with reasonable risk for SL and tp 1.5 risk loss, I am trading yen now. GJ EJ and UJ.

It happens that many false break out, yet profit-loss ratio should be able to cover the losses incurred when huge break out really take place.

With 4 different setting to choose from:

1. without tp which will only close using ts or when condition reverse, where EA close profitable trade and open new one in opposite direction.

2. with preset secure profit based on sl calculated.

3. 2 trade opened using either 1 of the above.

4. open trade based on reverse condition of any of the above.

BMT (Bless Martingale Twin) EA

2 EA with 1 for Sell, 1 for Buy, placed on the same pair at the same time. Understanding of Martingale trading system as in BMWin EA should help user better.

EA is only an assistant that will reduce the need to be attached to PC. Success depends on the strategy built in setting variables and timing of activation.

HILO (HIGH LOW) SCALPER Expert Advisor

coming soon for my litefx members at a very reasonable cost.

this ea resulted from from a considered "challenge" by a trader claimed to be able to trade any pair, any market, anytime, no indicator needed, just the CS.

3 days spent with very few hours of sleep to complete based on the challenged specs, then modified to strategy of my taste.

Will be tested for demo and live before released to my interested good members.

next post with TP, SL etc Varies every DAY.
range control to avoid huge fluctuation.
many other features to allow user to use based on own trade risk appetite.

Basic strategy based on Break-out. Some of variables:

leverage = 100;
capital = 10000;
capital per pair = 1000;
lot decimal = 1;
Maximum Risk = 1;
Max Trades = 3;
Pips = 25;
Start Hour = -1;
End Hour = 24;

DAILY HIGH LOW FOREX RATES

FIBO range MACD multi TF Signal EA

EA inform previous day high and low and will suggest to open trade when MACD for 4 different TF are in the same direction.

Alert sound is being used to make it easier for user to detect the signal. With built in function for 4 different TFs.

Chart TF does not affect its function.

With built in Timer for safer period of trading.

With hedging capabilities if out of safer period trade if a position in opposite direction still exist when trend sensed to be against the existing position. reason is to lock margin and balance trade.

Out of safer period, when no position exist, EA will give signal by alert sound and comment on chart, but will not open trade.

Currently setting are USD pairs, except yen.

This signal EA priced at $25 only.

Fibonacci method in Forex charts - (TOOLS) part 2

We have an uptrend. A — our lowest swing, B — our highest swing. So, we will look to BUY some lots at the good lowest price and go up with the trend.

Click on A and drag your cursor to B, click. There you go! You must see different lines appeared on your chart. Those lines are called Fibonacci Retracement and Extension Levels.

So, what we are expecting is next: the price should retrace (go down) from point B to some point C, and then continue up in the direction of the trend.
Those three dotted lines (0.618, 0.500, 0.382) at the bottom on our picture shows three Fibonacci retracement levels where we expect the price to take a U-turn and go up again. There we will place our BUY order.

The best situation would be to buy at the lowest level — 0.618 — point C. And on practice the price usually gives us this chance. However, 0.500 is also a good level to place a BUY order.

Well, let's take a look at the progress.

Fibonacci method in Forex charts (TOOL)

Fibonacci Retracement Levels are:
0.382, 0.500, 0.618 — three the most important levels
Fibonacci retracement levels are used as support and resistance levels.

Fibonacci Extension Levels are:
0.618, 1.000, 1.618 — three the most important levels
Fibonacci extension levels are used as profit taking levels.

So, what we will learn today is how to apply Fibonacci tool and how to interpret results that we see on the screen.

To set up Fibonacci on the chart we need to find out:
1. Is it uptrend or downtrend?
2. Highest and lowest swings in the chart formation (A, B points).
And go with the trend!

So, click on Fibonacci tool from trading platform that you use. (to be continued)

BLESS TIMED BUY/SELL Expert Advisor

Multilot strategy could be the most profitable strategy yet carry the highest risk and require large capital to sustain the margin requirement.

Blessing or Martingale strategy use the same strategy except reduce the draw down by certain level while margin is slightly increase every time draw down increase. Still very profitable, only could hurt your capital when stop loss is hit.

Bless Timed use a much better strategy than all the above because it is designed with a better strategy.

This EA is only available for my Liteforex members.

The EA comes with 2 main set - Bless Timed Buy EA and Bless Timed Sell EA.

3 sets of different setting Bless Timed Buy EA are provided.
3 sets of different setting Bless Timed Sell EA are provided.

1 of the 6 EAs to be used depending on market situation to prepare you better for any market condition.

Slightly different setting will be provided as required for small customization fee.

6 EA for $100 to give better probability to profitability.

note:
certain minimum margin is required to sustain this strategy.
no matter how good is a strategy, potential loss still exist either due to:
1. internet line problem or
2. broker line problem or
3. some other issues by the "broker" or
4. poor understanding in the strategy applied.

Bless Timed Buy ss

target average 0.5-1% per day only. if your strategy gives higher return, stick to it.

EA 2008 package - BMWin & Bless Sell/Buy

forex market daily range and trend are consistently changing. there is no 1 strategy to fit all situations. volatily come and go. therefor, to increase better profit probability, few sets of trading strategy should be prepared, to be used depending on market condition.

Option 1:

BMWin EA
modified version of Martingale strategy with timer to avoid excessive volatility. 2 basic sets with 2 different timer setting, either one to be used according to DST.
package : each set comes with 2 different EA setting
price: USD$100

Option 2: (24 hours trading)

Bless Sell EA
Bless Buy EA

modified version of the original Bless strategy, with each EA is favoring different trend. combination of both EA depending on the situation will increase probability of profitability.
price: USD$100

BMWin and Bless Sell or Bless Buy could be used in combination in certain situation.


Option 3:

Bless TIME Sell EA
Bless TIME Buy EA
version of Bless Sell or Bless Buy with timer. Should be better than both above versions.
price: USD$100

package price: USD$150 for any 2, USD$200 for all 3

these 3 EA could be used intermittently to complement each other depending on market situation.

help and support by ym or email.

notes:
maintain trade strategy, adjust certain specification according to market situation is a key to success.

Daily Break-Out EA 2008

BREAK OUT EA is designed to enter trades when the price breaks previous day high or low point.

Basic trading strategy is to buy when it break at the top, or sell when it break at the bottom.

Multilot strategy is applied.

Variables for TP and SL changes everyday, calculated by EA. Calculation based on daily chart, placing EA on different TF will not make any differences.

Price: $88 for 1 account without expiry date
Price : $10 for 1 account for 1 month usage
Special for litefx Account registered through my litefx link: $10