always draw trendlines
- Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,486 Posts
MT4/MT5 EAs/Indicators/Alerts coder
There is no Magic Moving Average - You need only one 1,114 replies
Demo contest only - 20 pips TP and 20 pips stop - Any TF 51 replies
I lose 40 pips and win 6 to 10 pips... 17 replies
Need Script/EA can only generate Magic number 5 replies
spread on GBP/JPY @ alpari is 12 pips intead of 7 pips they claimed to be 6 replies
Disliked{quote} its not about speech, it really floods the thread...i asked him to develop and share here. besides, i did many back-testing..some tests didn't even bring any trade. EA is too complicated. no ATR needed there for instance. moreover, I am more than sure people won't trust EA, the wont trade it in real...many are newbies here.Ignored
DislikedLet me start off by saying that Forex trading is a highly volatile activity that requires Resilience, High levels of determination, Patience, Discipline, Persistence and a Keen Eye. Anyone can succeed in this Business, You need plenty of time to understand the Market through continued education and a tried and tested Trading Strategy, which TK has provided here. TK has kept it simple and to the point. Practice, Practice....... go over charts again and again The Human Mind is more powerful than an EA. Expert Advisors were made for people who have...Ignored
DislikedLet me start off by saying that Forex trading is a highly volatile activity that requires Resilience, High levels of determination, Patience, Discipline, Persistence and a Keen Eye. Anyone can succeed in this Business, You need plenty of time to understand the Market through continued education and a tried and tested Trading Strategy, which TK has provided here. TK has kept it simple and to the point. Practice, Practice....... go over charts again and again The Human Mind is more powerful than an EA. Expert Advisors were made for people who have...Ignored
Disliked{quote} I have been using this method unaltered from how it was laid out in the first of TK5`s posts in the old thread. Folks it works. And the flashiest EA on the planet is no replacement for hundreds of hours of screen time watching those candles dance. Be patient and the picture will paint itself for you. I love it when a big HA candle breaks out from 2-3 hours of sideways price action. The moment that second 15 min HA candle lights up the kill rate for 5 pips plus spread is damn impressive. Here`s my 2 cents on RR and MM. 1% rr is a waste of...Ignored
DislikedJust to clarify my previous post. Using the term RR is not the best way to explain this. I set a drop dead SL of 20 pips and a TP of 10 in case of a computer glitch or the house catches fire. I manually SL/TP based on the 1 and 5 min chart PA along with support and resistance levels. [chart time baby] By 10%-25% i mean 1-2.5 lots per $1000 account balance. RR is not a set percentage but rather it is dynamic based on PA. In other words RR is different for every trade. This way of looking at the trade makes RR redundant.Ignored
Disliked{quote} I'll give this idea a go in january... this strategy works really great and like you said, if we double/trible the account it is fine. When kill it, there will be always the next small deposit I keep you guys up to date how it performsIgnored
DislikedOk I don't understand how your going to kill accounts with this even using some leverage unless you cant let go of a trade that's not panning out (cut it 15-20 pip at the most and flip or re enter in a better spot, don't wait for it to come back, it might not, make new money) or one cant pick the right direction so many times that you probably shouldn't be trading real coin in the first place? Last month with my variation of the method netted 130% of original balance even with the low US leverage limits. I see no reason one couldn't multiply many...Ignored