I'd be more prone to short this than go long.
What I have learned trading & How I developed my system 6 replies
Developed This System, Glitches 0 replies
Did I just create my own very simple system? 25 replies
Indicators & EA's vs own system 8 replies
Creating Your Own Trading System : A View From the Outside In 0 replies
DislikedThank you oan4fx for sharing your method.
It caught my interest, but I am lost in confusion.
And you guys adding more indicators to the mix add also to the confusion.
I amagine that I am not alone.
We have like 5-6 different templates floating around in the screenshots and nobody knows who is posting what.
Lets presume we are using the \"oan\" template on H4 and the 6/11 entry scale.
So we need 6 out of 11 points to enter a position.
Example:
So we hit the dotted red line and the average candle is 3 steps up, but since the candle is long and we are entering overbaught conditions, the rsi and the cci are supposed to point up.
So, we currently have 4 out of 11 points (2 for red dotted...Ignored
Thanks for your help ! shoukran.
DislikedHi All,
OanFx many thanks for sharing your system with us.
OanFx can you please tell us which template to use ? You posted two files :
- Post 1 of this thread : prince2.zip
- Post 206 of this thread : arabictrader.zip
I want to use this strategy as described in first post, on 4 hour chart.
- Which template should I use? abo3oon or oan?
- you said \"oan template for big movements\", what do you call big movements?
Thanks for your help ! shoukran.
Ignored
Disliked1-no more than 5 % total involvement of your equity .
2-start with .5 % then add every 50 pips to stop loss at 200 pips away .(this way you will minimize your loss more than 50% and maximize you profit.)
3-better to demo the system first.
4-scalp in asia and europ time only with small frims .and scalping rules are . A-red or green line only B-rsi must be with the trade direction in same frame C-candle average should be three levels only .
5-long term trades apply the past rules i mentioned previouslly.
6-we have major liquidty problems occuring now adays so try just to trade currencies with small spreads not to expose your sel to high manipulation.
so i advice to trade just majories and eurgbp...Ignored
Disliked\\"2-start with .5 % then add every 50 pips to stop loss at 200 pips away .(this way you will minimize your loss more than 50% and maximize you profit.)\\"
I'm not quite sure i understand what you are saying. Can you please clarify how you add to your position? Once you place a buy, you then add to the position every 50 pips lower right? Is the 200 pip SL on the total position from initial entry, or 200 pip SL calculated from each 50 pip buy?Ignored