How are you trading this? H4 only on checking on higher/lower TF's? How are you handling exits?
Do you mind elaborating a little bit? ? Thank you very much
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DislikedHi Drifter. Are you using the one with the colors and the + and - ?
How are you trading this? H4 only on checking on higher/lower TF's? How are you handling exits?
Do you mind elaborating a little bit? ? Thank you very muchIgnored
Dislikedhey kader,
thank you for the posts.
i have few questions for ya
for H4, what is the SL and TP for your MM?
and
for D1, you enter within 1~3hrs when new bar for D1 opens.
but when do you manage to get out? since you dont put SL and TP for D1, im just curious how you manage it.
regards,
JIgnored
DislikedH4 sL and TP according to the number of pairs i took. if it is 10 pair the the SL would be 300 pip and take profit 300. 1:1.
Yes i don't use Sl and TP for D1. i just let it run till 11pm (gmt6+). if i used SL and TP it could hit within a few minits. but its a long day! it gets back to your favour most of the time. on the other hand stop loss stop you most of the time before making the journey.
so do i dont use sl and tp for D1.
i have yet no bad day!
thanks
kaderIgnored
Dislikedthank you for the reply,
so 30pips for each 4H trade.
im in a trade with 4H right now, and it's a killer.
about -300pips.
on the other hand, i hab opened a trade for 1D starting of a new bar, and it has went up to +200pips but now down to 0.
maybe i should just trade 1D only.
or any thoughts on 4H anyone?
regards,
JIgnored
Dislikedthis system like many other system works like charm in a trend mode. I f u manage to catch early ride on 4H TF trend, then many green pips in the bag else.. same goes to D1 but the trend could be longer,,,so set appropriate TP and get out before it reverses..Ignored
DislikedJust closed my 4th basket for 400pips after half an hour. that makes 1100 pips in two days - new H4 bar opens in 2 hrs - see you thenIgnored
DislikedAre you opening your baskets strictly at the beginning of each new H4 candle or not necessarily? I've only had 2 losing baskets, maybe that I'm not doing so is the reason? Any suggestions are greatly appreciatedIgnored
Dislikedhi drifter. A couple of questions, your feedback is being ov much help. (Just closed my first positive basket )
- Beside your 100 pip SL, what's your criteria for exit? Do you wait for the signals of the CCfp H4 to mark a change in the trend in the next closing candle or as you mentioned, you check after an hour of opening wether to hold or close? what's the criteria for this?
- Also, when opening the baskets all you're doing is checking wether each currency "index" is + or - and inputting that into the excel sheet? What you mentioned about...Ignored
DislikedHi Acostafulano,
tonight i actaully used a 75 pip stop. I think if one pair is going that far in the wrong direction its safe to say its going to go further rather than come back.
HOWEVER the 75pip SL is a hard stop meaning in the case of an unexpected news event i wont lose my entire account.
My soft stop is around 350 pips on the entire basket. If it goes negative by that much its safe to say that i got it wrong, cut my losses and try again next candle. This gets a bit tricky as there is no specific exit criterea. I just use normal chating...Ignored
Dislikedhello,33drifter
why do you trade about 2 hours ago?Oct 12, 2011 8:12am (1 hr 39 min ago)<--your post datetime showed.Ignored