Hi Sis , Thanks for sharing the system. can you put some examples of entries pictures here?
thanks in advance and green pips to you
thanks in advance and green pips to you
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DislikedIf price crosses the 200 MA, it will travel <=30 pips 75% of the time and <=10 pips 50% of the time. Once price travels 10 pips, it now has a 50% chance of traveling 20 more pips to 30 pips above the start of the of the cycle.Ignored
Disliked{quote} It seems that there is edge here, but there isn't. I can show you, where equilibrium occurs and at the end it is 50:50. If price doesn't travel 20 more pips to 30p above the start of cycle, then price has to start a new cycle. Imagine that previous cycle was a bull. And a new bear cycle starts(bull cycle ends) when price closes below MA.("A bear cycle begins when price opens above the ma and closes below, and it ends when the opposite occurs, which then begins a bull cycle."). So we don't know, where this candle closes: 1 pip/10 pip/50 pip...Ignored
Disliked{quote} Those pip distances measure from the CLOSE of the first candle in the cycle, to the max MFE, not the MA to the max MFE.Ignored
Disliked{quote} Yes, I understood that. "If price crosses the 200 MA, it will travel <=30 pips 75% of the time and <=10 pips 50% of the time. Once price travels 10 pips, it now has a 50% chance of traveling 20 more pips to 30 pips above the start of the of the cycle." What I wanted to say: There is 50%, that you'll get 20 pips. But on the other hand, if the price don't go 20p more(it will be 50% of time), and you'll wait for new cycle start, you won't lose 10p, you'll always lose >=10p and on average it'll be -20pips.Ignored
Disliked{quote} That's why you stuck many positions and not one,quess where... That's why you have also this to limit the stop loss Rules for Cutting Losers: - Within 20 candles of entry: - - If your MAE has reached more than 3x the average, you are likely in a losing trade. - - If the MAE has remained relatively low during this first 20 candles, chances are you in a winner. - Within 40 candles of entry: - - If your MAE is considerably greater than 19 pips within 40 candles, you are likely in a losing trade. - - If the MAE has remained to be less than 10-15...Ignored
DislikedIf it is developing how the avg MAE for our losing trades and continues to do so as each new candle forms, you are likely in a losing trade. If it is developing how the avg MAE for our winning trades and continues to do so as each new candle forms, you are likely in a winning trade.Ignored
DislikedHi. Sorry for stupid question but I want to know what does it mean MAE and MFE abbreviation?Ignored
Disliked{quote} there is this thing called Internet Internet = Information http://bfy.tw/IlxHIgnored
DislikedHi. First of all, thx for the simple and great system, working great for me! I suspect if I had more time, I would make even more pips I have one question regarding TP and SL. I have an trade manager EA, which sets TP and SL auto. The way I use it, is that I sell 50% of my lot at 4 pips and the rest is at a trailing stop of 2 pips. This way I get a good chance of making even more pips. Downside is, if it hits 4 pips and retrace, I will only gain 2 pips instead of 4 pips. However my "tests" shows that I more than often get quite a good running...Ignored
DislikedIf I have Sis' permission (via a quick Like),, I would like to use this thread to write a long bookmark'd post on "VeeFX: Essentials of Developing a Comprehensive Trading Plan" (or point me to a more appropriate thread to leave a permanent footprint)Ignored