anybody trading this system today with success? i`ve got problem seen 5 sec sudden breakout after couple of minutes ranging period. not many setups there.
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DislikedI traded this system last night for awhile...at least I thought I did. My first trade was a loser because I didn't observe the 800 GMT red flag news...so I'm not counting that one...LOL
Then I profited on the next 2 out of 3 "official" trades. I continued on my merry way...until I more carefully reread the rules.
I originally had thought that the "flat line" of 2 to 4 minutes worth of candles meant each candle could not exceed 2 pips. True enough...I did that...but then it dawned on me that the maximum 2 pip rule means that the 2 to 4 minutes worth of candles as a group cannot exceed the 2 pip excursion.
Well, at least yy blundering was more successful than anything else I've tried for this week! LOL
Any other blunderers out there?Ignored
DislikedI trade with Oanda because their EUR/USD broker spread is just .9 pip most of the time with a max of 2.5
Oanda has a great platform to trade. You can preprogram your lot size, stop loss and take profit, so that in the wee hours of the trading day, all you have to do is click on Buy or Sell and click once more on submit, and your order is placed immediately. I don't know of any broker's platform that is as trader-friendly.
Please don't confuse Oanda's trading platform with their charts. The charts leave a "lot" (pun intended) to be desired. Then again, with the Virus System (no indicators necessary), their 5 second and 1 minute charts are great!Ignored
DislikedI manually checked the results of this system for last night.
I used a 1M chart. I looked for at least 2 consecutive bars with a total range of no more than 2 pips that were followed by a 4 pip breakout. This would be the same as using a 5 sec chart with the rules of post#1.
I began at 0600 GMT and ended at 12:48 GMT.
I placed a 7 pip TP and a 7 pip SL.
Results
13W - 5L
To capture all of these wins would have required having multiple positions, at times.
In other words a trade would develop before the TP was hit on an existing trade. Both trades went on to hit TP.Ignored
DislikedRR i have a question about the EA u made on this wonderfull forum
in the discription of your EA you wrote that the minum of bars for the range were 6....but if we are trading on the minute bars and when i follow the rules of the virus system shouldnt we change the bars to 4? in the rules it said we have to wait about 4 minutes right?
gonna try it on a demo account starting monday.....btw does anybody know when the best times are for trading this virus system?...
asian session london session newyork session?
thank youIgnored
DislikedLondon session is the best time for this system.
Yes, the original author said 4 minutes. He also said 5 sec 4 pip breakout. I'm still working on the second part. Since the EAs work on tick data, I'm not sure how I can reliably capture each second's price. So, to compensate, I let it run amok, and saw what type of breakouts worked.
The optimizer chose 6 bars, go figure.Ignored