Hey everyone,
I am submitting my trading method to FF for a full review, critism, advice for improvements and any additional trading advice.
I have a thick skin, so no critisms are going to hurt my feelings, I may even learn something from it. I just hope to keep away from personal critism (no knocks about my mom etc..).
I am not going to be one of those people who say this is the system and I want no discussion as far as how to change it, in fact, I invite it. There is no bounderies for this method, this is merely the core of how I trade, I am always looking to tweak with out changing my ideals of trading.
This system has been about 75-80 percent over the last month. It is by no means a holy grail and I do suffer some losses. Some losses are significant, but only because I have refused to cut bait when I should have. Not the methods fault, but my emotions. I have gotten better at this area by the way. Now I look at a looses only as an oppourtunity to make the next better trade.
I have been trading live sine Aug 08, and been trading this system for about a monnth now, so I am by far not a forex guru.
The method is as follows:
Time Frame: 1Mn with 5M as reference chart for direction.
Pairs: Mainly EU and GU, but I think it can work on others as well
Take Profit: I shoot for 5 (after margin) (mainly because my slow computer and I worry about getting out in time, so I set a TP for 5)
Stop Loss: only mental looking at price action.
Core Indicators:
Heiken Ashi Smoothed (Default)
TSR Signal Line: #1 = 15 (red, lime)
#2 = 12 (Aqua, Dark Orchid)
T3MA: #1 = 8 (orange)
#2 = 9 (Hot Pink)
Color Stoch (80/20) 14,3,3, with embedded RSI (8) blue
FX Sniper's_ergodic_CCI trigger: 2,10,5,3 with embedded LWMA 12 (white)
Entries:
At the moment, I pay attention to "crosses", either the crosses of the TSR lines to the T3MA lines or crossing over the HA lines (waiting for the bar to close on the cross and entering after it has passed the high/lo of the crossing bar.
Goal:
To improve the method, keep the method the same, find out if the method is bunk, improve at not leaving so many pips on the table. on the attached chart, I decided to show the closing moments on Friday. Sure I could have picked a volatile point in the market and show only ideal enteries, but I am not trying to sell you a car. It is just to show my method in the flesh. It will lose, in fact I detail a bad trade that I would have taken. I am not going to portray a "Weekend Millionaire" and show only prime enteries.
So take a look, kick the tires and let's see if we can make some money with this. Thanks for your time!
Lohad
I am submitting my trading method to FF for a full review, critism, advice for improvements and any additional trading advice.
I have a thick skin, so no critisms are going to hurt my feelings, I may even learn something from it. I just hope to keep away from personal critism (no knocks about my mom etc..).
I am not going to be one of those people who say this is the system and I want no discussion as far as how to change it, in fact, I invite it. There is no bounderies for this method, this is merely the core of how I trade, I am always looking to tweak with out changing my ideals of trading.
This system has been about 75-80 percent over the last month. It is by no means a holy grail and I do suffer some losses. Some losses are significant, but only because I have refused to cut bait when I should have. Not the methods fault, but my emotions. I have gotten better at this area by the way. Now I look at a looses only as an oppourtunity to make the next better trade.
I have been trading live sine Aug 08, and been trading this system for about a monnth now, so I am by far not a forex guru.
The method is as follows:
Time Frame: 1Mn with 5M as reference chart for direction.
Pairs: Mainly EU and GU, but I think it can work on others as well
Take Profit: I shoot for 5 (after margin) (mainly because my slow computer and I worry about getting out in time, so I set a TP for 5)
Stop Loss: only mental looking at price action.
Core Indicators:
Heiken Ashi Smoothed (Default)
TSR Signal Line: #1 = 15 (red, lime)
#2 = 12 (Aqua, Dark Orchid)
T3MA: #1 = 8 (orange)
#2 = 9 (Hot Pink)
Color Stoch (80/20) 14,3,3, with embedded RSI (8) blue
FX Sniper's_ergodic_CCI trigger: 2,10,5,3 with embedded LWMA 12 (white)
Entries:
At the moment, I pay attention to "crosses", either the crosses of the TSR lines to the T3MA lines or crossing over the HA lines (waiting for the bar to close on the cross and entering after it has passed the high/lo of the crossing bar.
Goal:
To improve the method, keep the method the same, find out if the method is bunk, improve at not leaving so many pips on the table. on the attached chart, I decided to show the closing moments on Friday. Sure I could have picked a volatile point in the market and show only ideal enteries, but I am not trying to sell you a car. It is just to show my method in the flesh. It will lose, in fact I detail a bad trade that I would have taken. I am not going to portray a "Weekend Millionaire" and show only prime enteries.
So take a look, kick the tires and let's see if we can make some money with this. Thanks for your time!
Lohad
Attached File(s)
(T_S_R)-Signal Line.ex4
4 KB
|
490 downloads
(T_S_R)-Signal Line.mq4
4 KB
|
480 downloads
T3MA.ex4
4 KB
|
445 downloads
T3MA.mq4
3 KB
|
497 downloads
Heiken_Ashi_Smoothed.ex4
5 KB
|
413 downloads
Heiken_Ashi_Smoothed.mq4
4 KB
|
464 downloads