Hi 100Pips,
Thanks for the reply. My apology. I only started to test your Third Screen Strategy EA on 5 Sep 2013, 14.23 (Time). I can't seem to attach new attachment as I am a new member with limited attachment quota. Please kindly refer to my previous attachment. Please ignore the rest of the trades before 5 Sep 2013, 14.23 time. Those trades before 5 Sep 2013 14.23, some were using another brilliant strategy of yours D1 20EMA 50EMA. But I wanted to back test one strategy at a time on my demo account to see which strategy fits my risk profile.
Anyway, for those trades after 5 Sep 2013, all the SL and TP were automatically input. The weird thing was most of the trades closed before hitting the SL or TP levels automatically set by the system. I understand you may not have all the answers but I was just hoping you could kindly tell me what are the recommended pairs for your Third Screen Strategy and D1 20EMA 50EMA strategy, so that I can test out and see the result as well as share it with you.
What is the correct default setting? FYI, I could not attach any attachment as I am a junior member with limited attchment quota. I would love to show you my default settings. Anyway, I will use the only way I am allowed to show you what are my defaults settings. The only setting I changed were the lot size (from 0.1 to 1.0), take profit and stop loss levels (based on your recommended parameters for different currency pairs), the max position from 8 positions to 2 position per currency pair and delay hours of 6 hours. What are the correct default settings? Please let me know. Thanks in advance.
Based on this default settings, I tested on 9 pairs of currency, CAD/JPY, AUD/USD, EUR/AUD, EUR/CAD, EUR/USD, AUD/JPY, NZD/JPY, EUR/JPY, GBP/JPY. Please kindly let me know what are the recommended pairs for the 3rd screen strategy and D1 20EMA 50EMA. Thanks in advance.
I have read through the entire Third Screen Strategy posted by you and I have to admit I do not understand all of it but I do get the overall picture.
Please correct me if I am wrong. I remember reading through some of your past post. Although this 3rd screen strategy is automated., one still needs to do some research on the long trend. So what I normally do is I will look at the weekly trend for each currency pairs over the weekend based on the weekly pivot, S&R levels. Am I doing the right thing?
I have one question, since the 3rd screen strategy is automated, what is the reason behind it for looking at the weekly trend based on the support and resistance level? After all, on Monday when the market opens, the system will automatically open positions based on the default settings. Please advise.
thanks again for all the help and I will keep you posted on my testing.
thanks, John
Thanks for the reply. My apology. I only started to test your Third Screen Strategy EA on 5 Sep 2013, 14.23 (Time). I can't seem to attach new attachment as I am a new member with limited attachment quota. Please kindly refer to my previous attachment. Please ignore the rest of the trades before 5 Sep 2013, 14.23 time. Those trades before 5 Sep 2013 14.23, some were using another brilliant strategy of yours D1 20EMA 50EMA. But I wanted to back test one strategy at a time on my demo account to see which strategy fits my risk profile.
Anyway, for those trades after 5 Sep 2013, all the SL and TP were automatically input. The weird thing was most of the trades closed before hitting the SL or TP levels automatically set by the system. I understand you may not have all the answers but I was just hoping you could kindly tell me what are the recommended pairs for your Third Screen Strategy and D1 20EMA 50EMA strategy, so that I can test out and see the result as well as share it with you.
What is the correct default setting? FYI, I could not attach any attachment as I am a junior member with limited attchment quota. I would love to show you my default settings. Anyway, I will use the only way I am allowed to show you what are my defaults settings. The only setting I changed were the lot size (from 0.1 to 1.0), take profit and stop loss levels (based on your recommended parameters for different currency pairs), the max position from 8 positions to 2 position per currency pair and delay hours of 6 hours. What are the correct default settings? Please let me know. Thanks in advance.
Based on this default settings, I tested on 9 pairs of currency, CAD/JPY, AUD/USD, EUR/AUD, EUR/CAD, EUR/USD, AUD/JPY, NZD/JPY, EUR/JPY, GBP/JPY. Please kindly let me know what are the recommended pairs for the 3rd screen strategy and D1 20EMA 50EMA. Thanks in advance.
I have read through the entire Third Screen Strategy posted by you and I have to admit I do not understand all of it but I do get the overall picture.
Please correct me if I am wrong. I remember reading through some of your past post. Although this 3rd screen strategy is automated., one still needs to do some research on the long trend. So what I normally do is I will look at the weekly trend for each currency pairs over the weekend based on the weekly pivot, S&R levels. Am I doing the right thing?
I have one question, since the 3rd screen strategy is automated, what is the reason behind it for looking at the weekly trend based on the support and resistance level? After all, on Monday when the market opens, the system will automatically open positions based on the default settings. Please advise.
thanks again for all the help and I will keep you posted on my testing.
thanks, John