Trading when opening ask of current/prev candle is different
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Hi
I am lost on how to use fxDreema. I thought I had things set up correctly but it seems I have managed to place a trade in Alpari despite the chart not actually reaching the price I entered the trade at....
I have a simple question that will probably resolve most of my issues:
On a EURUSD chart how do I set up fxDreema so a trade is entered if on a 1 minute chart the opening ask is greater than the previous bar's opening ask by (say) 100 pips? Do I use adjust?Thanks and apologies for the probably over basic question.
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This sounds to me like when a new bar is created, you can check if the body size of the previous bar is greather than 100 pips.
In "Condition" there is a "Candle data" where you can find "Bull candle body size (pips)" for example. In this case, this can be compared with value like 100.
If you compare two values, you can also write for example "+100pips" in Adjust field to add 100 pips to the value.About 100 pips size in 1 minute timeframe. If you are working with 0.00001 format, then 100 pips are 0.0010 and it is possible to have bar with such size. By default fxDreema projects are using 0.0001 format where 100 pips are 0.0100 and in this case it is near to impossible to have candle with this size in M1 timeframe. Check "Options -> Current project options -> Point format" and write the format you desire.
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__If you are working with 0.00001 format, then 100 pips are 0.0010 [/quote:3ne61kw0]
This is completely incorrect.
In all pairs containing JPY the pip is 2 places right of the decimal point. GBPJPY 126.800 rises to 126.850 is an increase of 5 pips, not 50.
All other currency pairs the pip is the 4 places to the right of the decimal point. EURUSD 1.29000 falls to 1.28600 is a loss of 40 pips, not 400
1.30010 increase to 1.30015 is half a pip increase and not 5.