DislikedI
If I get the EA up and running, I'll try to report back with my results for everybody.Ignored
Cheers
Newbie asking a newbie interest rate question: 1 reply
the simple but very effective system with trading records! 61 replies
Best simple trading system for a kind of a newbie 6 replies
DislikedI
If I get the EA up and running, I'll try to report back with my results for everybody.Ignored
DislikedNot so..............I quickly put together a spreadsheet for the first six months of 2007 for EUR/USD, using a startegy of buying at 5PM ET and selling 23.9 hours later...Ignored
Disliked
Now there does seem to be two different approaches discussed so far. Bhale said to check in from time-to-time throughout the day - and you'll find yourself in profit. While BeachBum runs the trades to 4:59 PM, EST and re-loads at 5:00 PM, EST.Ignored
DislikedI have been running a demo account on this idea for the week and I am currently around the break even point. ;-)Ignored
DislikedWhilst you are learning you can 'earn' while you learn. Follow Traex's Harmonic Wave Journal thread and you'll do well.Ignored
DislikedDear trey,
Thanks for your recommendation.
Jacko's method is good but it seems too idea for a newbie.
Also, this method needs much more intuition which needs more trading experience and it is not easy to be catched by a newbie, like me.
However, I agree that an experience traders would finally use jacko's method.Ignored
DislikedDear Friends in FF,
I have read most threads of 5 stars trading strategys and methods form "Trading System" Forums of FF, but certain systems have more than 3 indicators and some of them are new to me, eg. vages tunnel and sidus. (I traded stocks before and know only traditional TA indicators, like MACD, Stoch., MAs, William %R, RSI, as well as the concept of triple-timeframes)
Can any friends suggest a relatively simple but effective method/system from "Trading System" Fourm to a newbie, like me. It is better for this method/system to have less then 3 traditional indicators and less then 3 timeframes.
Due to full of frustration in past and present jobs, I am eager to learn and trade for a living (not for rich).
Thanks a lot in advance.Ignored
DislikedBuy the following pairs
EURUSD
GBPUSD
USDCHF
USDJPY
Sometime during the next trading day, your account will show a profit. CLose all trades, bank the profit, and start again. You will have drawdowns, but you will also have profits. Hang in with the drawdowns. They won't get too large because this is simply a dollar hedge.Ignored
Disliked. I've been demo trading this method (Bhale's style) on a casual basis (not every day), but it does seem to regularly generate a profit. I tend to shoot for 1%, or a little more, of my account balance and then re-start it.
But what about those drawdowns? Hmmm... Another brainless profit opportunity? Perhaps!Ignored
DislikedBB, I always try to follow your thoughts, I have found them very enlightening. My quick question is pretty mundane... What is the easiest way to get the info into a spreadsheet, ie, what has been your best source of data for doing a study like this.
ThanksIgnored
Disliked
The good news is that Bhale's technique continues to test extremely well - even through some pretty dramatic moves in the last week.Ignored
DislikedHi All---About buying these pairs at rollover(swap Time) do you buy when the market closes on Friday? What about Sunday? Why does this system work and how did you come up with it? I've been demo-ing it for a few days and am amazed at the results. Do you close out EXACTLY one day later or whrn you are in profit? If you find you are in a bad position do you wait for that to fix itself before starting the cycle again. Thank you for your help.....SusanIgnored
DislikedI want to finish this "little project". Looking at the 4 Majors from 1-1-2007 thru 6-30-2007, I was able to generate over 1700 total pips profit using the "no-brainer" strategy I outlined earlier. Stop losses were: EUR/USD=50; GBP/USD=80; USD/CHF=60; USD/JPY=55. Buy at 5PM ET, sell at 4:59PM ET. It's a lot of trading for the pips gained, but many traders would probably be happy with an average of 15 pips gained per day, and there is no thought involved: just buy and sell.Ignored
DislikedOr an EA for both variations!
Thanks for asking your question. It helped me sort out how I might best get an EA or two coded.Ignored