Dislikedbut i dont want it to re-enter at a fix pip amount, i want it to re-enter under the same conditions but make a minimum pip difference between first entry.
heres what i mean...Ignored
GBPJPY Range Bar Trading System 335 replies
CCI Trading system + Range bars with NINJA 12 replies
HYBRID: trading system within a trading system 30 replies
Dislikedbut i dont want it to re-enter at a fix pip amount, i want it to re-enter under the same conditions but make a minimum pip difference between first entry.
heres what i mean...Ignored
DislikedHello nanning..What would be your advise to people who don't want to use the EA but rather trade manually? Also can you confirm if I am following you clearly:
After getting a confirmation from the daily chart (I only trade range, not trend), I go to the 1 hour chart and look for signals. (both stoch lines above-below the 90-10 lines, price hits outer BB bands). Then I enter the trade with 1 lot. If it goes against me 100 pips, I go to Level 2 with the same lot and same direction. Another 100 pips against me I enter my last lot which is 3.
I know...Ignored
DislikedPut the same EA on the chart with a different magic number and change the pips. I do that all the time. OR have a second chart and run both EAs but each EA must have a different magic number. You could run the 1H CTR on one chart and the 4H CTR on another.Ignored
DislikedHi George,
Thanks for this explanation. Although, I think I missed something very basic here - as far as I understood from nanningbob's booklets, the heart of 10.0 is that when the market changes behavior (based on daily chart) - we must change immediately our trading style to the new behavior. Meaning, if the market was ranging, but now switched to UT, we should stop range trading and start trend trading. it stated many times by nanningbob in his booklets.
So my question is simple - as the euraud changed to UP, why trying to recover instead...Ignored
DislikedAnother good day - Update is a bit earlier than normal butI need to go out
lot size 0.02 on £1,000 demo
Today - 16.35% up - dd 3.04%
Yesterday ended at 16.04% (was at 13.14% when i wrote update)
Total since last Monday a monster 86.79%
No trades required hedge placement today
Take care and good luckIgnored
DislikedI think that depends on your trading style and whether or not you choose to use stop losses. Personally, I am a counter trend trader and I choose not to use SL's and recover. I am a below average trend trader and it comes difficult for me, however with the 10.0 philosophy I am working on improving that. That philosophy you mention above I follow prior to entry. Once I am in a trade, based on my selection of recovery vs. stop loss, it is BE or profit, then move on to the next set-up. (at least a very large percentage of the time).
Let me show...Ignored
DislikedThank you for your note. I dont know why but FOREX seems to be a different animal when it comes to trading rules. I finally believed them to be mostly garbage......
.Ignored
Dislikedlot size 0.02 on £1,000 demo
Today - 14.10% up - dd 9.04%
Yesterday ended at 17.13% (was at 16.35% when i wrote update)
Total since last Monday a monster 100.89% up
I have 1 trade in hedge fixed at -102 pips
Take care and good luckIgnored
DislikedSorry Censura but can you overview your trading method?
I mean how are you trading? Trading times? Pairs? After you hedge at 100 pips what you do? You keep an eye on daily trend?
It seems that i trade a method similar to yours, but im not having that big success..
Needless to say i'm totally newbie with hedging, recovering and trading with EAs, so that can be a good cause
Thanks in advance.Ignored
Dislikedmore to that, if you are hedging at 100pips drawdown, when do you decide to release one of the 'legs'/trades? when criteria set up for another trade?Ignored
Dislikedmore to that, if you are hedging at 100pips drawdown, when do you decide to release one of the 'legs'/trades? when criteria set up for another trade?Ignored
DislikedGood strategy but my idea would be to hang onto the trade until you get the recovery cross of the 2MA. close the profit trade and counter with equal pips. 50 pips later the loss trade is breakeven. You then can ride it further to see if you can make a profit on the trade. In other words you are looking for a 50 pip retracement. I cant hedge so dont know, but I bet I could do it.
Also you may really want to consider doing any buys on Euros. See article below, a bit sensational but the basic truth behind it does exist.
http://www.forexfactory.com/news.php?do=news&id=311347...Ignored
DislikedI tade NB10 ctr on 1hr timeframe as per NB rules and template
I have a tp of 40 pips
I have NO Stop Loss - (This will kill your account)
I traded NB5 for 1 year and made money from it - My issue was always the scalling of positions level 2 , l3 etc 1.1.2.4 step
When to get in to l2 l3 etc i tried MA 200, 500 i tried fixed 200 , 500 etc but could not decide on what was best and i didnt work for me
After a lot of thought and trys i have decided on
If a trade goes to -100 pips i place a counter trade to the same value
(currently...Ignored
Dislikedlot size 0.02 on £1,000 demo
Today - 14.10% up - dd 9.04%
Yesterday ended at 17.13% (was at 16.35% when i wrote update)
Total since last Monday a monster 100.89% up
I have 1 trade in hedge fixed at -102 pips
Take care and good luckIgnored