I think we found the most simple yet effective way to trade this system.
NZDJPY was very tight to SL, 1 tick only kept us in the race.
nasap
The little nut in your head is called brain. Use it!
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DislikedNasap, Notice that your most simple yet effective also includes that you deviate from the original parameters... Your SL 15, your TP 8 in these examples. Do you suggest ( I think you do) that 10SL/5TP might be not themost efficient parameters to this system? Remember, before bunch of trades you post with about4.3 pips TPs too... Is the variation of SL/TP you decided based on something, or these are as separate projects into finding the best settings to run with?Ignored
DislikedNasap, can you or anybody else tell me how the Coral indicator is calculated? I need this to convert the formula into my trading software (not MT4) I've been looking on the net but there is not much info on this indicator, any help would be much appreciated.Ignored
DislikedNasap, Notice that your most simple yet effective also includes that you deviate from the original parameters... Your SL 15, your TP 8 in these examples. Do you suggest ( I think you do) that 10SL/5TP might be not themost efficient parameters to this system? Remember, before bunch of trades you post with about4.3 pips TPs too... Is the variation of SL/TP you decided based on something, or these are as separate projects into finding the best settings to run with?Ignored
Disliked{quote} What you see are different trading styles with different setups. My dashboard is using an algorithm for the TP in a range of 4.3 - 15 pip with a SL of 17 while the manual trading uses TP 8.2 with a SL of 15. You and others as well may think about such SL as too big. You might be right if you have a few trades only, because one bad trade is enough to break you down. But we make hundreds to achieve our goals and most of them are winners! nasapIgnored
Disliked{quote} Have a look at this: http://www.forexfactory.com/showthread.php?t=172004 Contains a mq4 version of the coral indicator.Ignored
Disliked{quote} Great trades. I also took two trades on NU today. One thing i notice about your trades is the entry at a level after the lowest or highest price of the previous candle, not its close. Like we see on your second NU trade. Looking at your trades, you have great success on that type of entry. AsmodaiIgnored
Disliked{quote} Is it convenient for you to share your entry time? That will help a lot. NumbermanIgnored
DislikedBuenos das, Todays trades; #1: USDCHF to TP. At London Open, USD and JPY were going opposite ways. Reason enough for me not to touch EU and EJ. Entry short at the 750 level and moving nicely against EURUSD, just the way I like it. #2: GBPCHF to TP. Entry at the 400 level, with 45 minutes to go until GBP Retail Sales news. #3: AUDUSD to TP. Waited for price to break the BRN first and entered after a small retrace. #4: NZDUSD to TP. Exactly same story as trade #3. Back to waiting mode until NY Open. LuXing {image} {image} {image} {image}Ignored
DislikedNasap, can you or anybody else tell me how the Coral indicator is calculated? I need this to convert the formula into my trading software (not MT4) I've been looking on the net but there is not much info on this indicator, any help would be much appreciated.Ignored
DislikedGuys just wanna hear your opinion about that type of trades given bellow. All of them had good Giraya numbers, but do you enter a trade when we do see previous high not far away from pending trade area(less then 5 pips)? As for last week these trades were not working at all and this week all of them would be in TP. {image}Ignored
Disliked{quote} I do look at Giriya but not blindly. But the 3 other components that are important in my opinion: 1. Momentum 2. Times of trades (ideally 1-2 hours max 3 after market open) although this could be a little flexible after you get comfortable 3. Correlation with other pairs. EJ and EU in your example. What was EU doing at the same time. Bring it all together and then you have a good one! Hope this helps.Ignored
Disliked{quote} Joe12345 thank you for yours reply. How do you check momentum in another way than GIRAYA? Looking at lower time frame candle to see trend (not indecision) candles?Ignored