Strange.. I'm using steve bot manual for entry but as soon as it finish to manage a trade instead of suspend itself it open another trade and this in loop for many times.
Any suggestions?
Any suggestions?
Are you a trend trader or a counter-trend trader? 29 replies
What does it mean to trade with the trend - Define trend? 47 replies
Trading System - Trade with the Trend 5 replies
Multis-trend trade EA for scalp on short trend 27 replies
Would you trade this system? New system #2. 10 replies
DislikedA question for Bob, or any other experienced system trader - when you begin live forward testing, how many weeks/months do you need to analyze results (assuming positive) before deciding to ramp up position size, using proper MM of course? Thanks ...Ignored
Disliked@Zuke
Sorry but I don't understand why you're taking a short here. There is an upper trendline resistance from the recent main highs but I can't see that you followed the entry rules from Bob's System.
Maybe I misunderstood something here. Could you explain this entry a little bit further please? Thanks.Ignored
DislikedSure. Here was my rationale:
1. Price is below 240 MA = DT
2. Mid line of TMA is below 240 MA = DT
3. Given that we have a downtrend, I am looking for a retracement to the upper (red) band of the TMA. This occurs at 0.9930.
4. In Bob's strict rules, I would enter there BUT what I do is wait for the signal (0.9930) and then drill down to the 1m chart for entry.
5. On the 1m chart there was a bearish HAS Randy Candle which is my entry signal (0.9925)
6. My SL is 15 points very strong Res at .9950 and within the 40-50 points suggested by Bob
Hope...Ignored
Dislikedstart a proper MM with your first trade. to gain profit is not depending with the system you use, it depence about you. to make an entry is emotional easy, but to manage your trade and exit is a very emotional process.Ignored
Disliked...and now filled at SHORT 9925; SL 9965; Target 9825 See chart below..lets see how it pans out.Ignored
DislikedFirst - many thanks to Bob for another great system. Just was playing with the new template, and wanted to see others' opinions of the EURJPY. I placed a few sells that closed with a minor loss - I know I was too quick to pull the trigger, but wanted to see if anyone could provide a quick analysis on this pair. Many thanks - SteveIgnored
DislikedStrange.. I'm using steve bot manual for entry but as soon as it finish to manage a trade instead of suspend itself it open another trade and this in loop for many times.
Any suggestions?Ignored
DislikedFWIW - larger interests seem emboldened to support the Euro on the promises of China's and Japan's declared intentions of Eurozone bond purchases this week. I can see where your short entries were signaled by the system. And for no further along that I am, I'm starting to sense the importance of considering the slope of the TMA median line vs the 240ma, preferring diverging, or at least parallel, placements.
Edit: I might add that we may also want to keep a closer eye on price's relationship to the newly added 48X4 ma.Ignored
DislikedI also just noticed the TMACD is indicating divergence, which may help explain this. Thanks again - SteveIgnored
Dislikedto motivate all of you, here is my statement since i began trading with NB V1.0 Signals.
I trade trend and counter-trend. i only take signals from 1h chart and entry at 5m chart if 1-2-3 patternbreak and SL last high/low.
i did not take TP cause let run my winners and cut my losses early.
this means i have very much lossers but the reward is high until endless.
i trail stop to BE +1pip if market stall ends.
i also hedge my positions. so i take a fixed tradevolume. for this type of trading it is better to take fixed stops until the statistic...Ignored