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Where do You put Your Stop-Loss? Thanks in advance! Dan. |
Hi yes its the same, SL maybe previous higher or lower bj |
pq=4 pr=8 ps=5 trigger=4 |
Stop Loss
I have been testing the Tlatomi for a week now. I won't give you a pat answer that I have gotten out of the 100's of books I read or what I have seen on the Tlatomi forum already. 2:1 or 3:1. You have to test this system. I haven't played with MT4 enough yet to know how to stop it from doing this. I want to look at trades in the past data on the chart but when ever I scroll back as soon as new data comes in, the chart jumps to the beginning (end?) again. I was able to do historical testing over last weekend when the market was closed. The chart doesn't move then. Maybe there is a setting I can find to do some testing during the week. I'll look. In the mean time, my first idea is a cross in the MA in the other direction. Be careful with this because if the market goes flat briefly you can get a false cross. I don't like an arbitrary number like 30 pips. I like the market to tell me where to put the stop. If you are uncomfortable with the stop the market gives you then pass up the trade or wait to see if there is a place to get in at a smaller risk. For instance if I come to the conclusion that a good stop for this system is a close above the high I am selling or low I am buying then wait to see if the market goes against the system's signal a little and then get in. Your risk will be lower. Stops are important and I have to do more research to tell where to put them. Check back. |
Hi, Sorry, i didn't have time to post my trades yesterday. On M30 : Buy 0.20 Lots GBPUSD @ 1.8941 - T/P 1.8951 = +10 PIPS Buy 0.20 Lots EURUSD @ 1.2789 - T/P 1.2799 = +10 PIPS Sell 0.20 Lots AUDUSD @ 0.7647 - T/P 0.7637 = +10 PIPS On H4 : Buy 0.20 Lots GBPUSD @ 1.8970 - T/P 1.9050 - S/L 1.8851 = 0.2 lots @ +20 PIPS Sell 0.20 Lots USDCHF @ 1.2349 - T/P 1.2240 - S/L 1.2442 = 0.2 lots @ +60 PIPS Buy 0.20 Lots EURUSD @ 1.2795 - Τ/P 1.2862 - S/L 1.2709 = 0.2 lots @ +67 PIPS Sell 0.20 Lots USDJPY @ 115.87 - T/P 115.20 - S/L 116.61 = 0.2 lot @ 0 PIPS Buy 0.20 Lots AUDUSD @ 0.7654 - T/P 0.7685 - S/L 0.7617 = 0.1 lot @ +31 PIPS ans 0.1 lot @ +37 PIPS Sell 0.20 Lots GBP/JPY @ 220.00 - T/P 219.29 - S/L 220.56 = 0.1 lot @ +71 PIPS and 0.1 lot @ +50 PIPS I post the chart for the only trade in 4H closed : GBP/JPY http://www.tlatomi.com/blog/images/ff/GBPJPY1.gif |
1 Attachment(s)
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ADX Cross?
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Hi Judex 1 Attachment(s) I have different picutre on GBP JPN have you 5 EMA and 9SMA- smoothed MA also different signal red- can you again describe you indicators and their levels?- can you help me bj |
thx bj |
My parameters are : 5 -EMA -Close price -color blue 9 -SMA -Close price - color orange Ma crossover FasterMode : 1 FasterMa : 5 SlowerMode : 0 SlowerMa : 9 ShiSilverTrend Allbars : 0 Otstup : 30 Per : 9.0 Hope this help you ! |
Hi, I close all my trades now because i didn't pay my phone bill this month and the phone company will cut my line today until tomorrow. Total for yesterday and today : 543 PIPS (Tiga-Tlatomi trades only). JudeX. |
Money management
Glad to see you again. I haven't notice many post on the other forum. Since you are the expert of Tlatomi I have a question for you. I notice that almost always when you get a signal in GBP there is also signals in EUR, CHF, JPY etc. This is mainly because all of these currencies are paired up with USD. There is a very strong correlation between these pairs so it makes sense that a signal in one will give a signal in the other. I was paper trading the M30 in 4 pairs. They almost all worked the same. The GBP and JPY are a little more volatile than the CHF and EUR. So here is my question: You put 0.2 lots on each trade. Why not go with just GBP or EUR and put 0.8 lots on one? I would say the GBP is the better choice. Here is my observation for over 1 1/2 years of watching the Forex. The GBP, EUR and CHF have very strong correlation. The JPY and CAD sometimes can correlate but they also can go off on their own. There is no testing here yet but my guess would be if you are trading a M30 to trade GBP in Europe session and USA session, 2:00 to 16:00 EST. Markets can go dead from 16:00 to 19:00 until the Asian market opens. So I would trade JPY in the evening. Just watch out for JPY reports. It can move JPY. Very few Europe reports move GBP. Only a handful UK reports move GBP which are usually at 4:30 EST. The GBP/JPY is it's own pair so that could be traded separately. Have you notice signals the same time with GBP/JPY and GBP/USD? One last questions. What is your spread on GBP/JPY? I see 10 pips with my broker but today I saw 6.5. High spreads may make a difference with using a M30 time frame to trade. |
Hi thx for your quick answer, SMA is simple, yes? bj |
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SMA = Simple moving average EMA : Exponential moving average JudeX. |
thx!!!! |
Is this right?
1) Blue Dot appears. 2) 5 EMA corsses the 9 SMA upward. 3) FX Sniper is in a buy sinal. ( Under - 200 % ) Could You trade if the FX Sniper is not under - 200 % ? 4) Take Profit when 5 EMA crosses the 9 SMA downward. Is it true that You have to refresh Your Charts every 30 min. So You would see if a blue/red dot appears? And is it true that those dots can move in other places, like if there is a high, and there is a blue dot on that high, and then, a higher high formed. Will the blue dot from the previous high move to the new higher high? Thanks. Dan. |
Hi tortoise,
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Hi Dan,
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