what does that have to do with a non-discretionary system? you are trading according to YOUR rules, and the op doesn't even have the decency to note this. he takes ownership as if you followed his method to the letter if you want to show results, using some knowledge/experience that has not been covered in the thread, it is not safe for anyone to take those results as anything other than a different method altogether
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ok, you are right, this does not have to do whith rules from the system, this replay is for traders who have some experience on trading, not just the basic.. But read again my first post, you can take every signal, until you make 10 pips, you mentioned some post early, what trades was today made, and in the end you got 5 pips, so after this mesages there was more trades before london close, where it was easy to ahive 5 pips more, and stop to trade on that day. And dont forget about red news, do not trade before and after...
{quote} ok, you are right, this does not have to do whith rules from the system, this replay is for traders who have some experience on trading, not just the basic.. But read again my first post, you can take every signal, until you make 10 pips, you mentioned some post early, what trades was today made, and in the end you got 5 pips, so after this mesages there was more trades before london close, where it was easy to ahive 5 pips more, and stop to trade on that day. And dont forget about red news, do not trade before and after...
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in your experience is it best to stop trading when a certain amount of pips is reached? what about a certain amount of pips loss? if the first trade is a loss, then continue until break even? what if another loss?
i notice today was a good day for gu with 4 wins. although if only eu and uj were traded the loss of uj would have made it a break even day
{quote} in your experience is it best to stop trading when a certain amount of pips is reached? what about a certain amount of pips loss? if the first trade is a loss, then continue until break even? what if another loss? i notice today was a good day for gu with 4 wins. although if only eu and uj were traded the loss of uj would have made it a break even day
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Yes, go with your plan. It is very important to have plan of trading for every day, what will include chek list, target in pips,MM. For ex my target is 10 pips per day, but in the same time this target is part of my plan, business plan of work, 1k $ per day is my target in money. If target is 1k $, then i must to have in account inaf capital, to not risk in every open trade more than 5% from capital. So, what you think is the capital? Well i cant know until you dont know what system to trade, how much is sl in money, and tp in the same time, acording to this plan. How i rezolved this problem? Very simple.. It is more easy to take from market on one trade 4-5 pips, and risk on it 10-15 pips, than take from market 25-50-100 pips, and risk 50-100-200 pips.. So capital what i need for this system to make 1k per day and do not risk mor than 5% is 30k$. Al this is a part of plan, for over systems, with bigger tp and sl, i need another plan an more money for capital. So for 1k i need 10 pips, or 3 win trades, my tp is 4 pips, and not 4,5, but this is my choise, coz why to put 4,5 pips tp, BE at 4 pips for 1 pip, when i can take 4 pips more quiqly and forget about BE. If you dont have experience, you can take all signals for the day in 3 pairs, shure not trades in red news time, but, take them from 9 am +2gtm, and stop hunt signals at 17 pm +2gtm. If in the morning you richet target of12 pips(3 wining trades) you stop to trade. Close mt4 and enjoy your live, think about your plan for next day, make it like a rutine, think positive, you must dreaming acording to your plan, must have target of your live not just target of trades on forex, but this work must be part of your biggest live plan. If you are stoped out in one trade, you can use some secrets.. important think of this system is that it have good winn rate, so to take 2 sl in the same time is difficult, so, if hit sl, go on next signal or in another pair and doble your lot size in next signal, your risk will be doble too, but you will doble your money in 4 pips,and then take one more trade with first lot size, and you cant exit from -13 pips with a -1 pip in the end. Another secret is .. to put tp 13 pips in next signal on pair what hit sl. All this is risky but work in most case. If you prefer calm trading, go with 3 trades unyil you get out from sl, then take 3 more trades until end of tge time to ahive 10 pips. In my case, i use m5 chart, some oscilator, and MA, to see where is the price at the moment of signal. From the begin is not necesary big capital on real account, just open a demo, put on it the amount what you think can get in real after you made practice..and star to work. 30k for 1k per day, 3k for 100$ per day 300$ for 10$ per day.
The trade on usdjpy with sl hit, price on m1 like i say was to close to 200 sma, in m5 this was i false brake out of 40sma(40sma m5 = 200sma m1), in another words a simple pullback.
{quote} stoped out coz enter candle was accurate below daily pivot., so rong enter. before to enter i look to m5 charts, to see trend direction, pivot levels (daily and weekly)strenght meter too. gbpusd give me today 16 pips, i dont take every trade, i look for the momentum. target per trade 4 pips, sl 13 pips, i use alert for signal, and Ea who put automatic tp and sl. trading eurusd,gbpusd, usdjpy. i am concentrate a long time in scalping mode, so i sugest to put for yourself a fix target, amount of pips per day. My real target is 12 pips per...
In my opinion , "Scalping System Jalno" is an interesting and profitable strategy.
But now it has passed from " Trading Systems " to " Commercial Content " : does anyone know why ?
Thankyou TradeForex1 for an outstanding system. Unfortunately when I load the template in your first post I don't get the red/blue bars appearing on my chart above. Any ideas why? Thanks in advance.
In my opinion , "Scalping System Jalno" is an interesting and profitable strategy. But now it has passed from " Trading Systems " to " Commercial Content " : does anyone know why ?
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Wish I knew. No notification. I think my indicator had link to a blog in very bottom left. only thing i can think, So they dumped me,
{image} Thankyou TradeForex1 for an outstanding system. Unfortunately when I load the template in your first post I don't get the red/blue bars appearing on my chart above. Any ideas why? Thanks in advance.
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Did you put the Jalno indicator to /indicator folder.
Doesnt look like you did.
Hi, Some hep please ? I confirm : it's a DEMO account but the EA appears on the high-right corner and it disappears when I click the OK button. Thanks In Advance. Best regards BBF {image}
