Nzd/Usd
Here we have a textbook trade with 2 sets, normal 1st, 2nd, and final exits. It doesn't get any better than this unless you have more sets in the mix.
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Nzd/Usd
Here we have a textbook trade with 2 sets, normal 1st, 2nd, and final exits. It doesn't get any better than this unless you have more sets in the mix.
Aud/Nzd
Here we have a questionable entry because the Laguerre is not at or below .5. Although it worked out in our favor, I might have passed on this trade because I like to try and stick to my rules, except we're dealing with a 4.40 positive swap rate, which is hard to pass up. Entering with a smaller lot size is the prudent and safe move here.
Eur/Nzd
Here we had our first sell setup. This was just like Nzd/Usd as it is a textbook trade with 3 sets and normal 1st, 2nd, and final exits.
Aud/Cad
Again, another perfect swing with 2 sets and normal exits. I would like to see the 2nd exit higher than the first, but it was positive trades all the way around, so it was fine. Boring, I know.
QuoteDislikedThe eurchf example you gave would have had a total of about 76 lots open right?
So how much capital are you recommending is required per pair traded?
Again, another great setup with 3 sets entered. 2 out of 3 trades from each set have been closed and are waiting for our final exit trigger for our remaining trades. Now, I haven't mentioned it but you could always set a stoploss at breakeven +50 or +100 pips as a safety net since you are so far away from the entry points. I like to just let it run, but the choice is always up to the individual trader.
Aud/Chf
Here, the first set was not in profit at the first or second exit, so we closed all 3 trades in that set at the final exit. The second set was traded normally.
Aud/Usd
Another textbook swing with 2 sets. Gotta love that 8.58 swap rate!
Eur/Aud
Here we have another sell setup with 5 sets being placed. The first 4 sets were not in profit at the 1st exit so no trades were closed except 1 trade from the 5th set. 4 sets were profitable at the 2nd exit except for set 1, so we needed to close 2 trades each of those middle 3 sets and 1 more trade from set 5. All the remaining trades were closed at the final exit.
DislikedHello and welcome to the thread. I have been debating whether or not to put this up on the forums as I've wanted to let this go commercial nut have since decided against it. I have always been a proponent of long term trading because of many reasons like earning swap, less whipsaw action, less required screen time, etc... I really wanted to develop an easier daily system and have posted a few, but they're okay at best, meaning they have very good structure and they have the ability to produce profits, but are either too financially dependent (large...Ignored
QuoteDislikedNearly all these indicators give me an "application not found" when I try to save them. I am quite sure it is me who is doing something wrong, but can anybody tell me what it is? Or post the kind of indicators that we normally save to the experts/indicators folder?
DislikedI don't want to take up your thread with this problem, but I did want to post one screenshot in case anyone can see what the issue could possibly be. I do see it is trying to save it as a MQLEditor file, which doesn't seem right to me.
I have never had this happen, so I'm just asking if anybody knows what the problem is please tell me. I won't post any further on this so as to not be a distraction. Thank you. (See screenshot)Ignored
QuoteDislikedHi Mer.
All of the entry points on the charts you have posted occur in Sep/Oct 2008, at the height of the global financial crisis. How far back have you backtested and how did the system perform prior to 2008?
DislikedHi Mer.
All of the entry points on the charts you have posted occur in Sep/Oct 2008, at the height of the global financial crisis. How far back have you backtested and how did the system perform prior to 2008?Ignored
QuoteDislikedThe global financial crisis might have created ideal (better than usual) entry points, but the principle of trading with the rate in your favor is the key. You obviously want to pick out spots on the "big" charts where you can catch a big swing, but even if you don't or are stuck in drawdown, the interest should eat into drawdown and provide greater profit when you do decide to begin exiting your sets.
DislikedGreat point, which is really the main premise of the strategy, to alleviate or minimize losses with the free money the brokers hand to you.Ignored
DislikedAll you have to do is go back in the charts to see how it did. Some examples, the first chart was back in 2001 and the second in 2005. You may need to change the max bars in the Laguerre to see it perform that far back. With limited data available from the brokers, it is tough to evaluate this system as you may only have 3-4 trades taken in the past 8-10 years. The global crisis in the past few years did not affect the forex market as it did with the stock and mutual fund market.Ignored