Forex factory stop loss cluster

Forex factory stop loss cluster. Inventory builder buys and pushes up through the vacuum when the inventory is built and thanks to the short stop loss orders. Event if your MT4 is Trailling Stop disabled by your broker. C (Minimum 1:1. Oct 27, 2016 · I had a look at the Clusterdelta data, on the first Gold example are you buying because of the trapped sellers sell stops? Is the 324 in purple box show the sell stop orders so we can buy on their stop loss? I am not sure of the principles of the data, how to read the boxes, is it very complex to use? I think the 324 may be buyers on the downmove? Jan 16, 2011 · The last price (price where the last trade occurred, price we usually see on chart) does not move if there's not a trade so if the last price is 1. Price is ABOVE EMA100. The point of a stop loss is defensive and to eliminate stop losses from your trading. 6% and 9% (how in the second screenshot). 10 times stopped out without a loss and a 300 pip win is way better than losing 50 pips 10 times. It plots the candle bodies in auto-width mode, so no need to input anything, Nov 13, 2008 · Need for auto stop loss EA 31 replies. How do you do this. If someone can make it that would be great. He is a strong level of support/resistance. 8% projection. Auto moving stop loss to break even without stalling 9 replies. See full list on fxssi. Forex Factory is where professional traders connect to the forex markets, and to each other. In IP3 the price could reach levels of 14. Also known as a Trailing Stop Order. A close sl may get hunted if its near s&r. The data is for the 1H time frame and over the month of January 2021. Close-All-PL will close your trades at at the dollar amount you set, either positive (TP) or negative (SL). Jul 14, 2022 · Stop-loss: 25pips Break-even: 30-40pips Buy 1. The trailing stop order can be placed as a trailing stop limit order, or a trailing stop market order. Why do you set a stop loss?-it's the point where you know that you're wrong. How to get onto study the inner workings in Forex on how stop loss orders are hunted by the smart money. 0. If the next day at (00:15) trade is in the positive the SL would be SL. Define a stop loss. 2=13366 and 4H 161. It's very good for scalping, because it has got a one click trading and it's very fast. the noobie whos short trade has a stop-loss triggering LONG, so he has to BUY from someone and that buying is going to be from the stop-hunter who dumps his inventory to the noobie. It has been designed for intraday traders and scalpers. There is also a level of 161. May 29, 2014 · Mathematical hedging strategy without a stop loss 22 replies. Analyse MT4 trades executed by trailing stop and Stop Loss 0 replies. 2. APM = Average Period Move = Close - Open (because the absolute values are used, negative and positives do not level each other out). My suggestion - learn the proper terminology and if it is in fact a trailing stop EA you require, do a search, there are several available. So at 152 pips stop is at 150, at 154 pips stop is at 152, etc. 9. Dec 30, 2009 · Stop loss and TP in MT4 Post # 1; Quote; First Post: Dec 30, 2009 3:49pm Dec 30, 2009 3:49pm Forex Factory® is a brand of Fair Economy, Inc. Regards, Nov 30, 2011 · The description you gave seems to be describing a trailing stop, not a stop loss. Wait for the candle to close ABOVE the line 4. Your entry has more than a 25 pip drawdown in news times, therefore either the entry is wrong, or the stop is too tight. Automatic stop loss change 8 replies. B: The range at the beginning of nearly every week caused a order stop in a loss, order stop in a loss, order stop in a loss, order stop in a loss, order stop in a profit. Here are ten tips for thinking about when placing a stop loss on a trade: 1. trade is closed there. Metatrader 5 auto insert stop loss! 17 replies. Both of those orders should take profit at 200 pips, and have no stop loss. Sep 28, 2017 · This strategy was tought to be by someone in Amsterdam, who claims to trade it with great success. My Stop Loss triggered but it did not stop my loss and i lost significant amount of money due to NFP news on friday. The downside is if goes on one direction only then the loss will limit to 20 pips (20 profit - 40 Jan 28, 2023 · Is there any study the inner workings of Forex trading, and how stop loss orders are hunted by the smart money. And now when price is gone to 1. Stop Loss vs. 2416, and a sell stop order at 1. May 4, 2008 · Try these. 4H TL Still in Shap. For example, if the day begins at 1. Sep 30, 2019 · I have solved the issue and now I can share the inhanced indicator: This version does the following: 1. I rely on Pivot, Ema 30, 15 and 4 and the time frame is 1 hour. It needn't be those, just a "liquidity pool" to the appropriate side which others can dump their existing position into, and/or take an opposing position, without moving price against themselves as much as they would if that liquidity was not there. I follow his method and I use the same size stop loss - so I can confirm from my own experience that it does work. Stop level in points size. Oct 17, 2021 · To help you identify where stop loss orders are most likely to be clustered, we’ve developed the FXSSI Stop Loss Clusters Indicator for MT4. May 30, 2024 · Hi , I have a decent forex method that uses 2 indicators , dots with arrows , if the arrow is up then you want a blue dot to enter if there is a down arrow you want a red dot to enter , ayou can exit with 20 pips or hold for 40 pips stop loss is 150 pips as a hard stop , but uf you see opposite arrow just exit the trade hope this is clear Jan 6, 2011 · When most people say "stop hunting", they're referring to their actual stop loss orders. 8=13364 I pick the highest one for saftey exit pt. Every time EA will open 2 trades in both ways and most of the time we can grab both movements with 40pip SL (RR 2:1). Sep 9, 2019 · Long time no see. But how can I minimize my SL being tripped when the market consolidates, retraces, etc then moves in the direction I wanted it to. The level of 23. I also think we can try two simultaneous trades (buy and sell as a hedge) with 20 pips each way. When a new day begins, create a buy stop order 99 pips from current spot, and sell stop order 99 pips from current spot. 3 - displaying Forex trades on the chart - reworked the block for working with time, now you can display the local time - added custom Time Marks indicator - added in Options "Average calculation of maximum cluster" - smoothes maximum / anomalous cluster by averaging the last five maximum volumes - added display of the frame Jun 22, 2015 · EA/Script for automatic stop loss on open orders 26 replies. 89 ) and 1 year later more than $300,000. Jul 7, 2012 · 1. com Apr 11, 2023 · It’s our Stop Hunt indicator displaying the levels, where there are Stop Losses placed by most market participants (the crowd), and also the volume of these clusters. Stop Loss and Trailing Stop 0 replies Apr 29, 2009 · Or, will this move the stop to the trail pip distance as soon as the Lock In Pips is triggered? So in the original example, once 150 pips profit is reached, is the stop placed at break even, and then increased every 2 pips above 150. Who is best ? stop loss or trailing stop 46 replies. You need a big account, due to drawdown. Feb 5, 2013 · I use Metatrader 5 platform. 5X to 2. 75 RR ratio) Max number of trades taken per cluster 2. Jan 13, 2010 · Trading without stop loss 87 replies. Jan 10, 2011 · Individuals and institutions would like to trade for speculative gains, but because capital is limited, stop-loss orders must be placed out of necessity. Question: with the occasional loss that gets somewhere close to the stop loss I have decided to try cutting half of it at a certain point just to improve the risk to reward ratio of the losses and May 10, 2016 · In practice, the price usually trigger a large stop loss cluster and goes back: Attached Image (click to enlarge) Our goal is to place our take profit exactly at the level of this stop loss cluster. Jan 26, 2019 · Scripts for Limit entry, Stop entry, Market entry 47 replies. Or use common sense structural placement that traders would use for their stops like whole numbers etc. Jan 31, 2021 · This will save you a lot of time to set the right Stop Loss and plan your trade better. this has never happened to me before. e. Looking for an entry script/indicator for MT4 0 replies. The indicator is one of the most effective today. Dec 7, 2023 · This is to be confirmed by order flow and price action upon a reaction to one of these levels. The Stop loss block is red in color and i am not sure why it did not stop my loss. 2570, the last price will not move to the ask price if someone does not put a buy trade. Stop Loss and Trailing Stop 0 replies Apr 24, 2008 · You should obey the minimum STOP Order thing in your MT4 market env (ref: MarketInfo(Symbol(), MODE_STOPLEVEL)). Sep 28, 2011 · Hi, I am interested to know whether it can trial the Stoploss below the Ma. Lets say I enter a trade (BUY) on EU at 1. 2218. Auto stop loss with Bollinger. Hidden Stop Loss 26 replies. MT4 printscreen indicator or EA on entry? 1 reply. And also there should be some market orders SHORT. General advice for stop placement: 1. If you have an exit price/signal about X pips away from your entry, put your stop order about 1. 10-15-20-25-30-50-75-100 pips, use these same amounts for your profit limit, in the setup example above. Is anyone successful using a large stop loss? 6 replies. Price is BELOW EMA100. MN Chart is seeming forming Twizer Top also name Rail Road Track. Apr 29, 2015 · The idea is to aim for taking profit from one currency getting stronger than others by take trades in that direction with large stop out level during a week move. Oct 6, 2007 · Stop Hunting Post # 1; Quote; First Post: stop-loss orders cluster around specific price levels. I set my TP greater than SL. As a Newbie, I would appreciate for someone to shares how Stop Loss, Manipulations and Smart Money game play in Forex market. Now, let's say you set your stop 10 pips away. Choice of trading day (check only those days you wish EA to trade) Points based Stop Loss Forex Factory® is a brand Jan 10, 2010 · I am in Forex for about 3 months and i use MT4. May 28, 2020 · DeltaRiver v. (Balls of steal as well) Open the 1 hour chart and look if the past 2 days where bullish or bearish. Jan 23, 2011 · What is the average stop loss amount. There is a very important difference between the two and you need to learn these things before posting. until the stop is triggered? Looking for a Broker with Tight Stop Loss Distances 4 replies. Auto set stop loss and take profit. With that said, stop loss placement can vary depending on the strategy or method being used. The EA works only with market orders opened manually. May 20, 2022 · The Stop Loss Cluster indicator relies on Data from the Order Book to identify significant areas where other traders have placed their Stop Losses. Enter the trade on the next candle > TP=50pips; SL=25pips Sell 1. I will sometimes have a ten pip stop, sometimes a 50, or even a 100 pip stop. The following were the results. . This is an Expert Advisor for placing stop loss and take profit levels automatically. Characteristics of This EA 1. I seem to think that the individuals on the buying end of a downtrend, are of two types; the weak longs and the short longs. Why not 123 strategy? What are Advantages and Disadvantages! 5 replies. And reversed, there should be long order above the range, trying to catch a breakout. Mar 30, 2008 · You donave a stop loss and by the end of the day it becomes -50 pips. Stop loss to be placed at the nearest low volume area BUT not pass another HVN. I would enter the position with a 5 pip stop loss and then when my position hit 11 pips positive a 15 pip trailing stop that trails before the position is 15 pips positive) would then move the stop loss up pip by pip. Feb 22, 2020 · A stop loss is a risk management tool that keeps your losing trades small. Most of the time, I'm right. But there is a little problem. Where/when will you know that you're wrong?-Let your system/the market tell you. Trading without stop loss? 20 replies Jun 23, 2019 · The valid concern with stop losses is that disreputable brokers look for a concentration of stops and then, when the market is close, whipsaw the price through the stop levels so that the clients ‘stop out’ and sell to the broker at a low rate before the market naturally comes back higher. Once a BUY signal appears, draw a line on the last Sell dot SAR indicator created. 6% and of 161. O. If you mean it on MQL4 programming, there are much ways to do so. But blaming losses on spikes is missing the point. I could not trade much the last 2 weeks due to autumn vacation of my two kids. May 21, 2007 · 13372 cluster with WK Fib 38. Nov 22, 2018 · Sometimes, but rarely, in a day I open 2 opposite positions if all four indicators ask me to do it. Nov 23, 2023 · The trailing stop loss is cutting 90% of the losing trades so that it's hardly anywhere near the ordinary stop loss I use for position sizing. Jan 13, 2011 · This type of stop-hunting pattern SHOULD BE (in my mind) created by those who NEED the liquidity to dump their existing inventory to someone, i. Your stop loss should be a part of your trading plan on entry not figured out later. Mar 27, 2019 · Does anyone have ea that move stop loss to a specific price once the next day at 00:15? If you are buying and price is in the negative when the next day at (00:15) the SL becomes a tp ie. Trading without a stop loss! 142 replies. Say you want to buy. I placed a trade on friday and put Stop loss and went to work. 4250 (+250 pips for me) I want to set my stoploss to BE or + few pips. Apr 10, 2020 · Each trade has a 50 pips "Take profit" and 100 pips "Stop loss" with 20 pips "Trailing stop" for each one. 4000 and set profit at 1. Buy Stop and Sell Stop orders with OCO and Trailing Stop 0 replies. Building there inventory. Aug 9, 2009 · Hello. Create a false short senerio in market, false breakout. 2555, and the ask is qouted to . From PT C to D is very possible. I can tell the trend; up, down, or sideways. Being picky on your trade is of course very important. Next week I will post an update of all my trades every day. My target varies from 30 to a maximum of 80 pips (or R3 / S3 has been reached) per transaction and Stop loss is 30 pips. After the two trades are closed i start from the beginning and so on Math says that the possibility of winning using this strategy is much bigger than losing Please share your point of view. game over. Jun 3, 2014 · The stop is there to allow you some room for manoeuvre and get you out of bad trades, since it's very hard to get the exact turning point for entry. your profit limit is just behond these. For example, If i buy Gb/nz and price is above the 21 moving average and moving up and then retracing back to the 21 to bounce higher; Can the EA trail the stoploss below the 21MA with an S/l of 10 pips or however many pips i choose? Dec 9, 2007 · What Does Trailing Stop Mean? A stop-loss order set at a percentage level below the market price - for a long position. TP set at 13372 as cluster that explain in point 1. 0X pips away. S. Buy Stop and Sell Stop orders with OCO and Trailing Stop 0 replies Mar 7, 2006 · Trading without a stop loss is like jumping from a plane without a parachute. What are the disadvantages of Forex trading? 17 replies {quote} Proving it in the live market is what really matters otherwise is simply pure entertainment. Earlier years as mentioned multiple times by both Ace and other stoploss system developers for Ace's system is that is would have eaten up an account and spit it out. This is absolutely normal. That said, brokers with deep pockets may, in theory, want to May 7, 2015 · Hi, please try this You can input SL, TP and Trailing Stop in any combination ie, if you just want the SL applied then leave the other 2 inputs at 0 It will only work for the chart symbol that the EA is attached to. Anyway. Advantages/Disadvantages of a AUD account 7 replies. mq4. Could anyone help me to find this ea?thanks 2 replies Jul 16, 2012 · ur stops matter this is why metals and oil have bigger moves om short tf. So far 3 out of 10 trades get stopped out without a loss the others are big winners. Both TP and SL is currently based on ATR. On page 254 Buff says AVSL = Lower Bollinger Band - (Price, Length, Standard Deviation) where Length = Round (3+VPCI) Nov 12, 2007 · First off, I'm a seasoned noob. This particular Stop Hunt Indicator for MT4, helps identifying where traders will place their stop loss orders. P. Best regards Jun 5, 2009 · This is how it would work. Indicator: Cluster indicator, CCFp. When i'm scalping, i need to put the stop loss manually for each positions. See pic1. Jun 29, 2009 · Jacko is using a 100 pip trailing stop at the moment. I would say that using this method results in one or two trades per week on E/U. Dec 9, 2009 · I understand importance of stop loss because it makes us detached from trade and free from fear factor,but i am always confused to decide what shud be the stop loss,please advice on what basis do you decide to put stop loss. Jan 19, 2015 · I've read Buff Dormeier's 2011 "Investing w/ Volume Analysis" book at least 3 times, looking for hints in other parts of the book, but the calculation of his Anti-Volume Stop Loss still eludes me. And expect that profit would overcome the loss from taking wrong side of some pairs. 2. It represents these Stop Losses in a blue histogram directly on the MT4 chart. What does that mean? Why would you set it there? Nov 1, 2016 · Stop-loss behind level 0%. 8% create a cluster (gold rectangle) that increases the chance of realization on IP3. CloseByPl pips does the same thing, using pips instead of $ amount. they are riskier plays. Preferrably the 5 pip stop loss and the 15 pip trailing stop would be variables. May 30, 2007 · The purpose of stop loss orders is not an exit signal: their purpose is to prevent something disastrous, such as a runaway market in the wrong direction, or when you're not watching the market. Sure you will have some 0 Win and 0 Loss trades but you will also get some 100+ Pip moves if your entry is good. If your broker breaks those levels whike others dont then u can make a case there. Nov 21, 2019 · Here I want to give you an EA for to put stop loss and Take profit automatically. Next day, it teases you, runs back and forth and then again turns against you even more and the loss becomes -100 and assume that it keeps doing this for a week and after one week, you find that the trade is -125 pips against you. 4500 and stoploss somewhere below. EA questions: Hedging, Closing Orders at 00:00GMT, Moving Stop Loss 1 reply. Back test on mystery pair start @ 10K (variable lot sizing up to a maximum lot size = 0. 3. The trailing stop price is adjusted as the price fluctuates. (Range trading - mean reverting = not ideal for large stop losses) Take profit at the previous days (the ‘D’ shaped volume distribution) P. 2317, create a buy stop order at 1. Jan 1, 2011 · The first thing that hits my mind is that there should most likely be stop-loss order below a consolidation range. unimformed jump in. Jun 13, 2024 · Hi , I have a decent forex method that uses 2 indicators , dots with arrows , if the arrow is up then you want a blue dot to enter if there is a down arrow you want a red dot to enter , ayou can exit with 20 pips or hold for 40 pips stop loss is 150 pips as a hard stop , but uf you see opposite arrow just exit the trade hope this is clear maybe Jan 20, 2011 · He is talking about the big block orders at that level. The problem is my stop loss. Stop Loss set at pt C from 4H chart. pdii ergvni yhvdohi aqafcu teauyw sphpcy hwak yvuap bzcwh mmeubbfp