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- aarizahmad replied Oct 28, 2013
Dear Tony, This might be because you shared your holy grail with the world. The big players never want immensely money making systems in the public domain, they want to discourage every winning system. One has rightly said that a secret remains a ...
- aarizahmad replied Oct 25, 2013
Hello all, Tony thanks for a great thread I have read this thread from 14th Sept 2013. I just have 1 question if Tony or any one else could kindly answer. What if I do hedging and place market orders of BUY & SELL both with SL:10-15 and TP: 50 on ...
- aarizahmad replied Jun 23, 2013
Sure dear, I am going to forward test is from tommorow. The way I backtest is that I open a chart and keep the page up button pressed & go back to as back as possible. Than step by step I keep on pressing the F12 button. By doing so I am unaware of ...
- aarizahmad replied Jun 23, 2013
Yes, even a pip of last candle under the 1st candle means a valid signal IMO.
- aarizahmad replied Jun 23, 2013
Here, I have marked the 3 evening stars. If you notice the BODY of last candle completely engulfs the BODY of 1st candle.
- aarizahmad replied Jun 23, 2013
Great, all of you EBs are correct. You have understood it rightly. Same thing goes for morning/evening stars. Let me upload an example of star formation as well.
- aarizahmad replied Jun 23, 2013
Yes exactly what I mean. Only the BODY of 2 candles is our concern, not the shadow
- aarizahmad replied Jun 23, 2013
Here I have indicated many engulfing bars. We consider shadows when we put the SL & TP targets.
- aarizahmad replied Jun 23, 2013
Buddy, this is not a valid EB. Reason is written on the chart.
- aarizahmad replied Jun 23, 2013
Here, there are 2 engulfing bars. 1st to the left did not worked. Whereas, the 2nd worked out.
- aarizahmad replied Jun 23, 2013
Togu, please do test my system from tomorrow. You have 5 years of trading experience. You are in better position to add more filters to it and make it even better. Please, go to MT4 and go through the charts and do the manual back testing. I will ...
- aarizahmad replied Jun 23, 2013
Well dear, I have considered Inside Bars. But they are not as powerful as the Engulfing Bars & Morning /Evening Stars. Please let me know if you understood my system or not. I can also upload more charts so that you may understand better.
- aarizahmad replied Jun 23, 2013
TP = SL * 3 is hit in the following few days:
- aarizahmad replied Jun 23, 2013
Now, here the Engulfing Bar occurs.
- aarizahmad replied Jun 23, 2013
Here you see a clear down trend:
- aarizahmad replied Jun 23, 2013
Yes, Engulfing Bar &morning and evening stars are different. But the way I use them is similar. This is a single system that uses 2 PA formations. 1. Not just EURUSD but I have been testing on many, many pairs & getting 50-55% winning rate at 3:1 ...
- aarizahmad replied Jun 23, 2013
Thank you card & Togu Togu, I use Engulfing Bar & Morning Star, Evening Star formations. Following are the rules that I follow: 1. I consider the Engulfing bar when 2nd candle body engulfs the body of the candle 1st candle. The shadows are ...
- aarizahmad replied Jun 22, 2013
Thanks Claudia, Yes, I can understand what you meant! Your tone to a newbie is really applaud-able
- 80-85% net winning percent. Should I move on demo?
Hello, I am new to Forex. For couple of weeks I have been extensively backtesting the Engulfing ...
- aarizahmad replied Feb 24, 2013
Ooops, I went the hard way by going through each page and finding the posts. Thanks for the shortcut Mike, are these charts sufficient to understand the principles of Jim?? Please reply