My Fix Plan: SL 20 pips & TP 5 pips 4 replies
Percentage vs. Pips per Trade vs. Pips per Day/Hour! 7 replies
Flappy Pips - How to keep your hard earn PIPS 7 replies
I lose 40 pips and win 6 to 10 pips... 17 replies
spread on GBP/JPY @ alpari is 12 pips intead of 7 pips they claimed to be 6 replies
Dislikedif you can make EA that can do the following
for example downtrend
identify 123 formation (1 higher high than 3, 2 is low) like this \/ and it can contain from 2 bars to 10
and then upon the breakout of 2(or the breakout of the correction bars of 3) initiate a short position and add on every breakout of every bar that makes hook [stared bars on the chart] (lower than the prior and next bar) or also the take off the correction bars as the first case
also if the EA can see a formation it will be perfect
you can adjut the stop loss to any volatility sl indicator
vice versa for uptrend
I attach a chart
can you make this so I can go and marry a womanIgnored
Dislikedcan u provide more details? what is the success of thsi system? ROI ? max drawdown?Ignored
As for the effectiveness of this system, attached are all of the account statements that I have on hand along with a copy of the indicator which I use.
I downloaded this indicator from another user and have since reverse-engineered it. I think I'm pretty darn close. (Signal.exe)
The readme for that indicator is also included, but I don't really follow the directions prescribed.
To date through papertrading, this indicator has made me in excess of $40,000 over the course of 2 months. (800 pips or 400 pips/month)
The largest drawdown I ever had was $2,200 or about 50% of the starting account. My trades are generally 60-70% accurate and depending on the time frame, the opposite signal is more than sufficient.
Return is generally between 5 and 300 pips depending on what timeframe is being traded.
I trade the EUR/USD pair on the daily, 4 hour, and 1 min charts depending on my mood. (Active/sleepy) If active, I'm on the minute chart. Otherwise I'm on the daily, or 4 hour chart.
If you need any more information for this EA don't hesitate to ask.
Dislikedcan you really make this?? :surprised
Ok, tell me what the details you need to know?
and about the success of it, it's very successful cause it's based on counting and breakout so you will avoid the choppy cases and of course alot of bad trades
as you see it's based on price only, if you need filter, sometimes when I'm unsure, I use stochastic but this is very rare
here is another example for uptrend from yestarday's trades
arrows are the entries
can you really make this ??Ignored
Dislikedcertainly its doable.
but how well would this work against sideways.
do u have statements?Ignored
Dislikedwhy dont u just copy paste that statement here like many others have pmed me. im not doing this for money, so i hope the system will be profitable enough to be worth spending time on developing EA onIgnored