To improve is to change. To perfect, is to change often.
AUDUSD Reloaded 234 replies
The SwingSpot Progressive System 50 replies
Armageddon reloaded v.2 108 replies
Trend Hunter Reloaded 111 replies
Coin Flip Reloaded 18 replies
QuoteDislikedHow bout this idea... First entry on first drawn box, as normal. But then at second box reduce the first entry by half. By the way, do the boxes only get drawn if all preceding positions are negative, right? Well, if so, then at third entry enter with the next size in progression chain. At fourth box reduce the third entry's size in half. Keep repeating this until something like 75% of the positions are positive, as you suggested. Of course you will be closing out positions at times for losses, but I think ultimately you will profit when...
QuoteDislikedMer, what would happen if you switched the colors of the boxes and went with the trend instead of against it?
DislikedLet's assume we get a blue box like the last chart I posted. How the indicator works is when it draws the first box, the indicator is assuming this is a swing point and is going to reverse. As we make lower lows, the indicator will continue to draw boxes until the true reversal point occurs. This is the repainting issue that most people have experienced with the original Zigzag. Before I made changes to the indicator, there would only be one arrow and if you didn't follow it and watch it closely, it would redraw and screw you if you...Ignored
QuoteDislikedI'm not really fully understanding what your proposing for entries? If you enter the first trade at .1 lots the second would be .05 lots, third would be .2 lots and then the fourth would be .1 lots, is that what you mean? If so, what if your starting with .01 lots? you can't place a trade of .005 lots for the second trade (unless maybe you're with Oanda).
If you use the Eur/Usd chart with the 13 trades in post #1. Starting with .1 lots, you would have made $1728.39, 57.73% less than I would've made at $4089.58 using a standard progression (see...
QuoteDislikedI threw up a chart with your indicator and looked it over some today. I basically took the fib retracement tool and customized it to have 3 lines: Start (first entry box), Last (most recent entry box) and percent. I propose that for open positions 2-10 the close all target be 75% retrace. 11-20 70%... 21-30 65%... 31-40 60%... 41-50 55%... 51+ 50%.
QuoteDislikedHow about we only take trades that are setup on S&R area's? like the picture below.
Exit strategies only please!
DislikedHow about we only take trades that are setup on S&R area's? like the picture below.
Those line's are monthly pivot points.Ignored
Quoting [BDislikedEXIT STRATEGIES[/b], Not entry strategies. Do people seriously not read through the threads first? I'm am set on the way trades are being placed so I am looking for exit strategies only. I repeat:
Exit strategies only please!
Ignored
QuoteDislikedmay be the entry style is not good enough that's why its hard to get an exit strategy.
DislikedThat's not the point . I'm not asking for entry methods. You would already know that if you read the first post. If you want to devise a different entry method, please do it on your own time and do not post it here.Ignored
DislikedI have now started a new spreadsheet for 2012 and have ran simulated trades and posted the results below. I will be using 5 pairs, Eur/Usd, Gbp/Usd, Gbp/Chf, Eur/Gbp, and Usd/Cad with $10K allotted for each pair ($50K total). I will update the spreadsheet weekly with any open strings that have closed. So far, just for the few weeks starting the year, things are looking well.
[b]Capital- $50,000
Starting base lot size- .01 lots
Wins- 53
Losses- 3
Win%- 94.64%
Total lots Traded- 2.78 lots
Avg. Win- $50.97
Avg....Ignored
QuoteDislikedHello Mer, thanks for sharing your ideas. I have attached an indicator that I picked up somewhere along the way, similar to your Swingspot Conservative. I noticed while scrolling back on a chart that some of the squares on your indicator where a bit misplaced. If you use the same settings on the indicator attached it should display the history a bit better. I hope it helps.
Are you able to build in your exit strategy into the ea, it would make testing alot easier.
QuoteDislikedI was trying this system... Let's hope that successful... And I will always observe and follow this thread. Thank you very much for this system, and good luck together. If there are more specialist and is willing to renew the system from time to time, the better... So that the system is more robust...
DislikedI wanted to stop back in and let everyone know that I think I have found my exit strategy. A very good friend of mine from another forum who is a ZigZag fanatic e-mailed me after reading my thread and proposed a solution that he uses when using the setups he trades.
After looking at my entries, he said the best way he has found is to take the regular ZigZag (I renamed it Swing exit) that repaints and use a lower setting of 60-25-15 and place it on a chart. He then said save the template and go into any trading simulator (I like to use sqaulou's)...Ignored