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- nervesof replied Oct 5, 2014
Sorry, novice trader here. Do you mean use the 200 ema to identify whether it's trending or ranging? And preferably avoid taking a trade in a strong trend? Could you confirm if this is what you mean or explain further, please.
- nervesof replied Oct 5, 2014
Me too. I totally believe Sugarman's getting the results he posts here but the backtesting results are terrible. Seeing as how the standard Stochastic settings are 80/20 and this strategy uses 95/5 which is waaaaaaay overbought/oversold, I simply ...
- nervesof replied Oct 4, 2014
If I remember rightly from your previous posts, you're talking about binary.com, with which I also have an account due to the tiny minimum stake size. The danger of this broker with this system is that their quoted prices are in pips, rather than ...
- nervesof replied Oct 3, 2014
That's very good advice, Francis. In my short time of studying and trading this system I've noted that the times when the Stoch remains overbought/sold for several candles at a time are during a strong trend. However, I wouldn't be averse to taking ...
- nervesof replied Oct 3, 2014
When I signed up it was going to be "nervesofsteel" because that's what you need in this game but I'd have been lying so I only got as far as nerves of!! Glad you don't mind my butting in and answering your question but I don't want you to go as you ...
- nervesof replied Oct 3, 2014
Sugarman is a saint. I wish I had his patience. Here's his reply to the same question yesterday. image sugarman | Joined Aug 2013 | Status: Member | 238 Posts only one trade per over sold / bought. Plan, Patience, Profit
- nervesof replied Oct 2, 2014
He probably didn't reply to you because he'd already replied 5 days earlier to Swingman (see below). He must have the patience of a saint answering the same questions over and over again. I'm really interested in this strategy so I have read this ...
- nervesof replied Oct 2, 2014
Actually, it's easy to search through the posts so here you go vanupips, I've copied and pasted where Sugarman talked about the signal line. I can kind of see why he gets impatient with questions that he's already answered. (No offence intended to ...
- nervesof replied Oct 2, 2014
Obviously I don't want to go back over 28 pages of this thread but as I only learned about this strategy here from Sugarman and I knew that both the main line and the signal line have to be outside 95/5 then he must have mentioned it at some point ...
- nervesof replied Oct 2, 2014
Forgive me for jumping in again and replying to a question to sugar man but as I'm trading this system myself I'm keen to check on any winners of his that may have turned out to be losers for me so if I'm checking my charts anyway it makes sense to ...
- nervesof replied Oct 2, 2014
I may have an explanation for the 54%, but please correct me if I'm wrong. It sometimes happens that the Stoch remains outside 95/5 for several consecutive candles. So if it stayed outside for 3 candles with no price reversal, wouldn't your ...
- nervesof replied Oct 2, 2014
Hi Dennis, I'm obviously not Sugarman but looking at my own MT4 chart I can tell you that in the two instances you mention, the signal line hadn't broken 95 in either case. At 13.00 (the candle before Sugarman's entry) the signal value was 94.6919 ...
- nervesof replied Oct 2, 2014
Sorry if it sounded as though I wanted advice, I thought you might have an idea if such a MM strategy could still be profitable using this trading strategy. Anyhow, I shall try it out and report back how I'm getting on.
- nervesof replied Oct 2, 2014
Great, thanks. I get that it works for you but as a newbie to this strategy (which I really like, btw) I need to build up my confidence. In your experience can I still make money with the following strategy. Each day, stop after 3 losing trades or 1 ...
- nervesof replied Oct 2, 2014
You'd still be in profit even if you didn't do any doubling up, right? Or please tell me if I'm wrong.
- nervesof replied Oct 2, 2014
I got that last trade also but didn't you take the losing GBP/USD trade at 11.25?
- nervesof replied Oct 2, 2014
Good. That's what I thought, although in this case the 2nd trade would've been a winner also. But glad to hear you only take 1 trade as I've noticed in a pronounced down/up trend the stochastic can remain "in the zone" for quite some time.
- nervesof replied Oct 2, 2014
That was a winner, I got it too. Now there's another potential trade on USD/GBP at 10.25. Would you take it again so soon?
- nervesof replied Sep 30, 2014
You're welcome. And btw, just to warn you, the platform alert makes a pretty loud noise.
- nervesof replied Sep 30, 2014
Darlington. Halfway between Newcastle and York.