Thats weird on the Vista problems. I've used a few systems now that people say crashes with Vista, and I've never had a problem in over a year with Vista, works perfect.
Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 180 replies
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DislikedAs dzn posted, when it goes about 20 pips in my favor, I set a stop at my entry plus 1 pip, because I like having a winner even if I do get stopped out. I'll watch for awhile, and if it keeps going up by say 30, 40 pips, I'll move the stop to plus 20 pips. If I'm stopped there, that's fine. If it goes up by 50 or more, I'll keep watching for signs of a reversal, such as a new dot appearing and an opposite colored candle or two. If I'm up by 40 or 50 at that time, I may decide to get out and wait for new signals. If it recrosses the line, I think...Ignored
DislikedThanks for the reply. I noticed on your second trade you entered many sticks after the dot. Just curious if you entered that late after the dot because the dow was rallying? From what I understand we should be entering 1-2 sticks after dot if indicators line up. I will probably trade live this week 1$ per pip. Missed your highly profitable second trade on fri because the dot came so early. Many pips to you.Ignored
DislikedI don't enter unless there's also a crossover either with, or following the appearance of the dot within 1-4 bars. Sometimes the lines are just touching. I don't want to enter on a false signal. I wait until it crosses over.Ignored
DislikedDuring your trading hours between London open to New York close, do you trade every signal mechanically and then make a quick exit if it seems to be going nowhere.
Or do you use discretion and only take the entries where there is some obvious movement.
Or...yet another possibility: Upon seeing a signal to do wait to see whether it starts moving before entering?
The reason I asks that a good number of signals occur during trading range markets. Earlier, you had given the advice only trade when you see the price action move outside of the moving...Ignored
DislikedI'm a little confused on the line crossing for your second trade. Is there a 3rd line in that indy that we can barley see? I have the template chart set up and it appears there is a 3rd line? Thank you!Ignored
DislikedI appreciate the efforts of sharing but let's get real my friends, many of them is just an attempt to get vindication from other traders.Ignored
DislikedHey! I don't do managed accounts, i don't run a signal service, i don't sell any systems and i don't need anyone's anything.
I only share systems here with the hope that brilliant minds here can help improve it so it could work better and if some kind soul would decide to make an EA or indicator or something..
Criticism is good, it helps improve. But please keep that in a constructive manner. ThanksIgnored
DislikedOk dude, from my experiences using the twinblade system..
Hope the system can make u a lot of pips and my explanation is of help.Ignored
DislikedWell, your system has flaws and I already pointed out where they are.
I believe I did in a constructive manner.
Just that some people confuse criticism with negativism.
I sincerely wish you all the best and hopefully this thread doesn't turn into a feast of curving fitting like most do.Ignored
DislikedThanks dznmrd for the recent summary of how best to use your system. I really like the 5ma hi/lo as a filter. I am still curious about your post #9 where you said your friend Mr. Reed did 2500 to 14K in one week. Can you ask him what he may have done additionally to achieve such results? I wonder if he did anything differently like risking much more than 10% that you advise.Ignored
DislikedOh, he is trading as he likes, sometimes with even 100% of his balance if he is confident about a move, Now hes balance is like 20k and I don't think he is trading 10%, But you know, its rather good to rich for the long term than to be lucky for the shortermIgnored
DislikedOk thanks for pointing out the "FLAWs".
Regarding flaw 1 -
As i wrote on my 1st post, i don't give a recommendation for stoploss, its all up to the trader and his/her confidence in a trade direction and risk tolerance levels.
The only recommendation i can give is go no more than 1-10% of your balance per trade, that way your risk.reward would also be in a range on 1-10% of your balance. If you trade 10% and u gained 20pips, you grew your money by 2% and if you lost 20pips, lost just 2% of your money.
Regards to stoploss, id only recommend...Ignored