Quoting NarcDislikedis there any reason why you don't take some trades on 8th and 10th nov?Ignored
Only reason was because neither my buystop or sellstop was activated thats all.
SRDC II Channel of the day 74 replies
Discussion on EA pertaining to SRDC methods 40 replies
Discussion on Indicators pertaining SRDC 62 replies
SRDC II Journal for All 11 replies
SRDC II Charts posting and discussion pertaining to it 37 replies
Quoting esiDislikedHi,
Dear orange roshan
It seems that method is very simple and interesting but I have a question
how we should draw trend line?from where to where?
I`m a newbie in forex and maybe my question to be very simple
excuse me about that
RegardsIgnored
Quoting njfxDislikedHi OrangeRoshan Kenobi, Great idea, I tried the method with 5 pairs (added USD/CHF and USD/JPY) 5 for 5 successful trades.
Looks like we can adjust the # of pips to the currency pait, 5 works for all, good base for AUD/USD, 8-9 for USD/JPY, USD/CHF & EUR/USD and 10-12 for GBP/USD. This thought is based on average daily volatility.
Thanks for an approach worth persuing.The force is definitelly with us!
BTW did you play with Abdul Tatlomi, using the Alligator as a filter to avoid whipsaw? From what I have seen it is an effective filter. Why not, as long as it works!!
Happy pipping!Ignored
Quoting wan_grungeDisliked3) Watch the monthly / weekly highs and lows. I would avoid a trade when it is near to the H&L. Price might reverse against your favour before it hits your takeprofit.
OrangeRoshan ... can you explain on this.. you write this on your documentation about the method..
Thanks...Ignored
Quoting mbadrickDislikedZiggy, the system says that a limit buy and/or sell order should be placed. Is this what you are doing or are you waiting until the price is either close to the S or R before you decide whether to limit buy or sell.
MarkIgnored
Quoting bapxyzDislikedI have been using a Limit+ TTO order. Ie: You place an order with a limit entry, it also place a SL and a TP order ( you set the levels). If either the SL or TP are activated the other side is closed.
Been working OK for about two weeks.Ignored
Quoting 4rexDislikedHello Orange,
I used this indicator (FiboPiv_v2) instead of H/L for S/R and it gives me the a very similar entry trigger. If this is a feasible alternative? If yes, then I can save it into a template and just added to each pair. What do you think?
How would I attach the indicator in case that others want to experiment with it?
Thank YouIgnored
Quoting mbadrickDislikedThanks for that bapxyz, that is what I have been doing, but what do you consider when deciding to either place a sell or a buy limit order - clossness to either S and R??(or do you place both)? I may be missing something here so please forgive me if I have.
MarkIgnored
Quoting mbadrickDislikedThanks for that bapxyz, that is what I have been doing, but what do you consider when deciding to either place a sell or a buy limit order - clossness to either S and R??(or do you place both)? I may be missing something here so please forgive me if I have.
MarkIgnored
Quoting PipBirdDislikedHey Orange:
I applaud your enthusiasm, patience, good nature, humor and kind heart. It comes through loud and clear in your helpful posts and clear answers to all questions. Great Job OrangeIgnored
Quoting billbssDislikedI just manually tested this system on EUR/USD for the last 27 trading days- excluding NFP days.
I left out the NFP days due to the possibility of not getting filled, huge spreads and stops not being honored.
I assumed a 2 pip spread, a 5 pip TP and a 20 pip SL.
25 winning days @ 5 pips = + 125
3 losing days @ 20 pips= - 60
(one day had both a long and short winner)
Total= +65
That is an average profit of 2.3 pips per trade.
Admittedly. this is a small sample, but that is too small a margin for me to want to trade this system. hehehe... go more than 5pips then....
I doubt that in actual practice there would have been any profit at all. I didn't (and couldn't) take into account increased spreads and non-fills on news days other than NFP.
With a 20 pip SL, going for any more than a 5 pip TP would have resulted in worse results.Ignored
Quoting Ziggy43DislikedI started testing this system Tuesday and so far I have 9 wining trades to end the week. I have no losing trades as of yet and I'm only going for the min. t/p which is 5 pips, but I did do just one with 10 pips and was able to get.
11/7/06
eur/usd: buystop @1.2736 t/p @1.2741 hit target= +5 pips
aud/usd: buystop @ .7725 t/p @ .7730 hit target = +5 pips
gbp/usd: buystop @ 1.9033 t/p @1.9038 hit target = +5 pips
11/8/06
aud/usd: sellstop @.7695 t/p @.7685 hit target = +10 pips
no trades for gbp and eur.
11/9/06
gbp/usd: sellstop @1.9003 t/p @ 1.8998 hit target = +5 pips
aud/usd: sellstop @ .7676 t/p @ .7668 hit target = +5 pips
eur/usd: buystop @ 1.2810 t/p @ 1.2815 hit target = +5 pips
11/10/06
gbp/usd: buystop @ 1.90.90 t/p @ 1.9095 hit target = +5 pips
eur/usd: buystop @ 1.2851 t/p @ 1.2856 hit target = +5 pips
no trade for aud/usd
week total : 50 pips
I could've racked in more, but Im just sticking with the 5 pips min. for now. I made do more later as I feel more comfortable.Ignored
Quoting mbadrickDislikedZiggy, the system says that a limit buy and/or sell order should be placed. Is this what you are doing or are you waiting until the price is either close to the S or R before you decide whether to limit buy or sell.
MarkIgnored
Quoting 4rexDislikedHello,
Take a look at my chart and tell me what you think. Maybe you like it. It includes:
FX_Sniper's LSMA- I use it to visually see trends
Fractals - It shows me candles that are acting as pin bars
FiboPiv_v2- It can be used for my entries using OrangeRoshan's SDRC method
Please if you have questions and may not the answer but someone else might.
EnjoyIgnored
Quoting OrangeRoshanDislikedYupz, I have an aperantice who changed the rule and trade using lower time frame. The result: Disasterous! Daily candles gives a save Margin of pips especially during news. When it penetrates, it PENETRATES like a jedi saber!
Try this: 5 pips only for each major pairs. The 3 monkeys I mentioned in my doc, will give u 15pips total of quality pips!
Fomula: 5pips + spread + 1pip: SL Zero (or 25 for you maybe, hehehee)
Put pending orders on a finish daily candle (like when we straddle). Goto sleep and see your account gain weight the next day!
All the best lolIgnored