i'm all for "easy trading", but i suspect it isnt this easy
thorough testing (back/forward) will decide, we will see
thorough testing (back/forward) will decide, we will see
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DislikedThis is the trader's dilemma. The system says one thing but gut feeling (developed over time after losing and making money) says otherwise.
I would add to the dilemma by saying the following
The system was made for man and not man for the system
The system confers and enhances discipline and a tradable routine
No one know how any trade will pan out at the point of placing the trade
On the whole - stick to the rules.Ignored
Dislikedthe signal on eur/usd for buy was 5 days ago
the time to entry on long was 07/14/2011 not today
why yo put it tonight ?
i understand the price close above the ma today but the stochastic cross was 5 days ago.
thanksIgnored
Dislikedselected 9 pairs on 240m, didnt consider market structure, only:
no trading Monday
no trading at red news
short - cross must be >60 & price <MA
buy - cross must be <40 & price >MA
exit arbitrary +60TP, -60SL, cross in opp. direction
AU +60, EU -60, GU +60, EA +60, GA +1
ACh, GCh, EJ, GJ still open
edit: GCh -60, EJ -60
.Ignored
DislikedI entered short on the GBPUSD last night under the rules of the system.
The stock has crossed upward today (exit signal). If it remains so at close, am I right in saying the trade isn't over until the stop is hit?
ThrusterIgnored
Dislikedand it is doing well. Uploaded is a graphic obtained from FF Trade Explorer
So far all the trades have been profitable. The system works. This is live not demo.
Disclaimer:
Past performance is no guarantee of future results. However it is my prayer and intention to get better with the system till my trade size is 100 lots at a time profitably
OluIgnored
DislikedSound nice PeterE. But its up to Slurpee to formerly adopt the name and then we can al start using it...
The I would lose the phrase 'the system whose name we cannot mention'
By the way I went short the gbpaud...
OluIgnored
DislikedDid you read the rules from the first post?
2) Buy - price ends the day candle above the MA (always wait for the candle to close). The Stoch lines cross under the level 60 (the faster Stoch line crosses the slow from underneath) - this can happen one thing after another. So it is OK if the Stoch lines cross, the price is under the MA and then finishes another day above the MA - on the next day open I go long. Or the price is above the MA and then the Stoch lines cross... I think it is easy
3) [b]Sell...Ignored
Dislikedmy gbpaud trade has turned around too.
Slurpee you see what I said about following the system. Nobody knows what a trade will do at the point of entry...
OluIgnored