Dislikedawesome week for the system! +250 pips for me! Hope everyone has similar results...would have been 300 but got stopped out due to user error....lol....im a klutzIgnored
1M & 5M Scalping System (Scalping Paradise) 21 replies
A switch: from part time trading to full time trading 8 replies
A system that works for a part time trader with minimum screen time 16 replies
Dear Full time/Part time Traders – Thanks for your time and help 7 replies
Part Time Wealth Building System - "High-Low Trending" 9 replies
Dislikedhonda, wld you mind posting these trades that netted you 250? cause my part time weekly is going nowhere. . its just ranging and have had 2 stop outs so far.
thks in advanceIgnored
Dislikedhonda, wld you mind posting these trades that netted you 250? cause my part time weekly is going nowhere. . its just ranging and have had 2 stop outs so far.
thks in advanceIgnored
DislikedHonda is not sticking to the original system. He, as others, have adapted their own where they enter 2 lots. When they are 50 pips in the money, they close one lot for profit and move the other lot to break even. This is probably why his results and yours do not match.Ignored
DislikedHow would I be able to preserve any profit made if I am not using trailing stops or price targets just in case the trade changes direction/
Sure, I can hope that the trade will move far enough in the other direction but in the meantime I will lose any profits made from the previous opposite move.Ignored
DislikedDo I just let it stop out and then let it enterin the other direction at the previous weeks close and hope the price moves far enough to make up for the loss from the previous trade in the opposite direction?
(Since I am NOT using trailing stops or price targets)
If I do this I will lose any profit made on the other direction due to not moving my stop or placing a target limit.Ignored
DislikedMy question is how do I prevent losing on what would be an already profitable trade IF the trade changes direction DURING the week if I am NOT to use trailing stops or Price targets?
Thanks for your help.
DeanithIgnored
DislikedGreat trading hondakorn - when the currencies are ranging the 2 lot TP1 @ 50 works well while we wait for the big trend to deliver the killer profit...but this does take more chart time unfortunately..Ignored
Dislikedpete you are right,for those like me who have a job. managing anything more than 1 trade per pair is time consuming.. and if u re in a high pressure job..then worse.
i am in one where i often am not accessible to the system for hours..Ignored
DislikedWell I'm using multiple lots, so that EA is not for me. I'll have to wait till someone likes the idea and programs it or I become a programmer some time in the future (I hope its before I die ). Have fun trading the rest of the week.Ignored
DislikedWell said, Scrat. I guess I'm the guy that will accept the losses through the ranging weeks and wait for the big hits.Ignored
Dislikedcoolshades, will you need a job if this system continues to deliverIgnored
DislikedYou can trade Multiple lots with Rhythm. You just have to change the magic number for each EA you have open.
If you want to trade 2 lots then open one chart attach EA then open another chart of the same pair Attach EA but change magic number.
I went short with Rhythm @ 01:00 on 3 charts with 1 lot each all with different SAR's and profit targets (Daily) All have closed....
Trading 1$ lots I made $270 total all with GBPUSD
Rhythm should easily be able to handle managing your weekly trades as well. Just don't set a profit target or a time exit until Friday.
So far so good, more testing of course.Ignored