Week 1 July 08
Demo Trades!!
About 12 trades. 11 Winners, 1 Loser
sonic
Demo Trades!!
About 12 trades. 11 Winners, 1 Loser
sonic
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DislikedHi Sonic
Regarding your losing trade - a few observations if I may...
I presume you got a signal from your indicator - there was obvious momentum at that time.
You drew trendlines on your chart indicating a triangle formation - but took the trade before a breakout of the consolidation area.
These formations are very strong! Have been reading Raghee Horner's book which talks a lot about these momentum type trades.
She says the MACD is really useful here to identify which way the the price will continue to move.
BTW your win/loss ratio was excellent. Congrats on your winning trades! Right now I'm focussing on buying strength and selling weakness in the market. I'm finding the Ergodic Oscillators etc really helpful for this.
See the pic.
Have a good week!Ignored
DislikedWeek 1 July 08
Demo Trades!!
About 12 trades. 11 Winners, 1 Loser
sonicIgnored
DislikedHi sonic my friend,
1. Bravo for your statement
2. Is version 3 is GA or beta?
3. Please remind me what pairs do you currently trade.
Thanks,
Dani M.Ignored
QuoteDislikedMoney Management(Sonic Strker EA)
Open Trade with 3 Lots (or 0.3) with Stop Loss 80 pips away
Take Profit on 1st Lot at 30 pips. Stop Loss move to Break Even (BE).
Take Profit on 2nd Lot at 60 pips.
Let the 3rd Lot run until you see an opposite entry signal.
DislikedHey sonic,
Just ran accross this thread, I didnt know you had a system. I like this : )Ignored
Dislikedyes I do,, now I am always working on it...to improve and earn $$ from it...
U hav a nice sys..too...
RSI+william...pretty sleek!!
sonicIgnored
DislikedGuys,
I am starting to accept to some extend that, Indicators tell the past and price action tells the future!!
But Learning the world of TA is like a small boy learning how to ride a bike!
It is best to have extra 2 support wheels(indicators) on the side of the bike when you are in the learning stage.,..that will prevent the boys from faliing down unnecessarily.
Once he get comfortable with the riding, he can take the support wheels at any time....
sonicIgnored
DislikedI had USD/JPY short and EUR/USD about 12 hrs ago!!
& they are in pips!!
sonicIgnored
Dislikedyap..couldn't agree more sonic..sometimes the indi slow to give a signal and when the signal comes out, the price is on the reversal move.
but im just a newbie here still learning bout price action ..care to teach and share with me mate? really appreciate it
btw bout the MM parts, i think better divide it into 4 cause based on my acc history, sometimes it moves further than +90, and when the EA hits +90 pips ( in case there's only 3 lots ), the EA will open a new trade on the same pairs as long as the indi still have the signal and based on the our TIME WINDOW setting.
btw, it is hard to understand since my english really bad..sorry all really cant help it..
but when its reach the 3rd lot, i place TS at 30 pips manually.
FYI mate, both signals from your indi working great..thks
MaxIgnored