Please shed some light on a troubled noob.

[Supertouch]

the logic your using.. works in demo:

selling at the 'ask'
buying at the 'bid'

you should change your exit orders to 'limit' orders. Market orders will sell at the bid and buy at the ask.. or at prevailing spread prices.

Thanks for your reply.

I'm using the DOM to trade. From the MT5 literature I was under the impression the the SL and TP orders where limit orders. If I'm wrong and they are market orders I can't find an option to change them to limit orders. I need to use one touch ordering using the DOM. Placing each order using the chart menu would be too slow. Is it typical for software to use only Market orders on the DOM? Or should I look for other software.

 

[Spectre2007]

Thanks for your reply.

I'm using the DOM to trade. From the MT5 literature I was under the impression the the SL and TP orders where limit orders. If I'm wrong and they are market orders I can't find an option to change them to limit orders. I need to use one touch ordering using the DOM. Placing each order using the chart menu would be too slow. Is it typical for software to use only Market orders on the DOM? Or should I look for other software.

I'll take look Sunday night.

 

[Handle123]

LOL, that is not my routine buddy. I was trying to come up with off the wall things that have nothing to do with trading but yet still could get responses from people without appearing to be a troll.

Am not a beginner have much experience, but once a year I like to order enough for the summer months, what is everyone's best equipment on this site? Can't be having any of those calls during the open session that I am going to be stuck with some trade.



http://www.condom-sizes.org/condom-size-chart/condom-size-chart


Off the wall enough?
Watch, the thread get 5,000 hits now.

 

[MoneyMatthew]

Off the wall enough?

If this site had an "off the wall" meter then you just broke it with that post.

 

[Supertouch]

I'll take look Sunday night.

That would be kewl.

 

[ktmtrader]

I'm scalping ES during US market hours. I'm using MT5 and AMP futures.

Set to 2 ticks take profit, 3 ticks stoploss.

When it's reaching my "take profit" price of 2 ticks, it is actually executing at 1 tick or zero ticks.

When it's reaches the stoploss it executing and taking 3 ticks.

For example:
Enter long at 2381.50
Take profit set at 2382.00
Stoploss set at 2380.75
Take profit is triggered at 2382.00
MT5 registers 2382.25
I only make 1 tick

Using the demo everything was executing as planned, I'm not sure whats happening.

Is this normal? Am I missing something obvious? Should I be using other software? Should I be using a different broker?


Any help would be very much appreciated.

My friend. Your range is too tight. 2 to 3 ticks? That is suicide. Put your stop loss at 5 points; 20 ticks and profit at 10 points; 40 ticks and trade 2 contracts, then you actually might have a chance in surviving in this business.

 

[Spectre2007]

stop loss size has to be greater than tick dispersion pattern..

 

[MrScalper]

I'm scalping ES during US market hours. I'm using MT5 and AMP futures.

Set to 2 ticks take profit, 3 ticks stoploss.

When it's reaching my "take profit" price of 2 ticks, it is actually executing at 1 tick or zero ticks.

When it's reaches the stoploss it executing and taking 3 ticks.

For example:
Enter long at 2381.50
Take profit set at 2382.00
Stoploss set at 2380.75
Take profit is triggered at 2382.00
MT5 registers 2382.25
I only make 1 tick

Using the demo everything was executing as planned, I'm not sure whats happening.

Is this normal? Am I missing something obvious? Should I be using other software? Should I be using a different broker?


Any help would be very much appreciated.

Hello Mr troll

For ES.

Forget about limit orders if scalping.

Forget about a few ticks profit or loss.

Forget about most of what you have read about TA.

Learn how to tell the Time.

Learn how to setup fast order execution buttons.

Learn how to trade what you actually see happening.. THIS IS THE HARD BIT FOR MOST WHO TRY!

 

[Supertouch]

Is everyone here a troll?

 

[MrScalper]

Is everyone here a troll?

Apologies as I may have misled you.

You must use limit orders with your fast execution buttons..what I meant to say was do not use standard limit orders to enter and exit a trade with the ES, and then stop for the next setup to happen.

You will get fleeced, that is for sure!