Making money is easy,losing money is easier
Third Screen Strategy - Dr. Alexander Elder
- #2,104
- Jul 2, 2013 4:01pm Jul 2, 2013 4:01pm
- Joined Jan 2013 | Status: Live the dream.... | 1,153 Posts
Hey 100pips, just wanted to thank-you. I trade Cad/Jpy, Eur/Aud, Eur/Jpy, Gbp/Aud, Gbp/Nzd and Eur/Usd. I know E/U is not one of the favourites for this method but thought I would try it out and I have my first ever 1000 pipper. {image}
- #2,105
- Jul 2, 2013 5:40pm Jul 2, 2013 5:40pm
- | Commercial User | Joined May 2012 | 3,285 Posts
Hey 100pips, just wanted to thank-you. I trade Cad/Jpy, Eur/Aud, Eur/Jpy, Gbp/Aud, Gbp/Nzd and Eur/Usd. I know E/U is not one of the favourites for this method but thought I would try it out and I have my first ever 1000 pipper. {image}
{quote} These two demo accounts were definitely more aggressive then what I would normally trade on my live accounts.
So for live accounts, do you trade lesser "maximum trades per pair" via EA OR using manual not the EA? Maybe you can enlighten us better on the settings if it's live trading on EA. In fact I am quite new to MT4 as I have been using NinjaTrader trading futures.
I have demo trial on the EA as well as manual entries. Manual entries can be emotional when PA gets in the reverse way but it's quicker to understand this system well and faster. So far, i am 2 days into it and all trades are positive, though I will not get large profits target. It's been a better proven trading strategy than others I have been working on. Nice one
{quote} These are my top 6 pairs that I would recommend for this strategy. You're right though, when market moves against you your account can get hit hard but obviously when market moves in your favor you will make very nice returns very quickly. I would stick with those pairs but make sure you don't over leverage yourself in case market moves against you. You want to still be around for the long haul...
Thanks for the advice
Obviously I'm not over leveraged, because I don't want to earn money quickly, but for the long haul, as you said.
- #2,109
- Jul 3, 2013 2:29am Jul 3, 2013 2:29am
- Joined Jul 2011 | Status: Gold Again | 10,698 Posts
MAY THE TREND BE WITH YOU
- #2,113
- Jul 3, 2013 3:54am Jul 3, 2013 3:54am
- Joined May 2010 | Status: Trader | 1,188 Posts
100PipsADay, your demo #2 seems not be synced/updated anymore...
- #2,114
- Jul 3, 2013 3:55am Jul 3, 2013 3:55am
- | Commercial User | Joined May 2012 | 3,285 Posts
100PipsADay, your demo #2 seems not be synced/updated anymore...
- #2,115
- Jul 3, 2013 4:01am Jul 3, 2013 4:01am
- Joined Jul 2011 | Status: Gold Again | 10,698 Posts
I set this method up this Monday evening with all s/l settings given. Now 23 open positions with -1300Pips open. Lets see how this works out.
What settings are you using?
Seems you may have started at exact wrong time?
MAY THE TREND BE WITH YOU
- #2,116
- Jul 3, 2013 4:12am Jul 3, 2013 4:12am
- Joined Jul 2011 | Status: Gold Again | 10,698 Posts
MAY THE TREND BE WITH YOU
Is that the best ever entry signal on the GBP-USD? Or is there something going on I don't know about? This could be 100 pips railroad track if it drops {image}
I don't trade this pair, but according to the rules, it seems the best ever entry signal.
All we need, is just to follow the rules.
- #2,118
- Edited 6:10am Jul 3, 2013 5:42am | Edited 6:10am
- Joined Jun 2009 | Status: Trader | 2,430 Posts
- #2,120
- Jul 3, 2013 6:26am Jul 3, 2013 6:26am
- Joined Jul 2011 | Status: Gold Again | 10,698 Posts
{quote} And also we need to follow our logic to be safe. The first entries of the current trend were near 1.5500 level more than 10 days ago. Now we are 200+ pip lower. So, it is up to any trader's discretion if to enter or not. For me, it looks like a possible trend change.
USD news in the next 1 hour, so see how volatile it gets then, maybe it was already leaked to the big boys?
MAY THE TREND BE WITH YOU