Disliked{quote} I have a fully automated system running 24/5 (and a bit for Sunday) on all 28 pairs. Each screen has all the information for any pair and can be created to show individual activity. I could go further and add email alerts if required but I don't use those. I use my own form of 1hr breakout based on a tried and still proving method I learnt many years ago. Its not very often wrong. This Mon/Tues is good for trend filtering. As I am at home most of the time monitoring isn't difficult and once a trade is in place I can control the exits. Today...Ignored
Simple Monday-Tuesday System (attached calculator)
- #542
- Feb 28, 2020 7:27am Feb 28, 2020 7:27am
- Joined Dec 2019 | Status: Trader | 5,597 Posts
Learn from your mistakes and march on.
- #544
- Feb 28, 2020 7:39am Feb 28, 2020 7:39am
- Joined Dec 2019 | Status: Trader | 5,597 Posts
Learn from your mistakes and march on.
- #548
- Feb 28, 2020 12:49pm Feb 28, 2020 12:49pm
- Joined Dec 2019 | Status: Trader | 5,597 Posts
Just closed all orders. Awesome week. 2100+ pips Have a nice weekend and see you next wednesday{image}
Please, share your strategy with us. Not all of us are getting those kinds of gains.
Learn from your mistakes and march on.
Hi All,
I have been working on the script to output a file that can be opened in an Excel spreadsheet, or compatible, that gives the values of Hi,Lo,Hibreak etc. It also calculates profitability if the price has closed outside Hi or Lo. This is version 1.0, dinner is nearly ready, so I though I would post it to see if anyone is interested in adding some thoughts. It will run on any pair although I have only tried EURUSD at the moment. Cant see why there should be any issues with others.
Next version I hope to have SL TP etc.
I will also produce one that creates orders.
Its looking very good so far and 0xff has some outstanding results this week.
- #550
- Feb 28, 2020 2:20pm Feb 28, 2020 2:20pm
- Joined Jul 2011 | Status: Gold Again | 10,567 Posts
{quote} 2100 pips! How are you doing this? Please, share your strategy with us. Not all of us are getting those kinds of gains.
I don’t think we need to explain the theory once again, you need to read the thread again, take notes, look at the charts, post a few charts showing where you don’t understand, draw the high and low on every chart, in other words, STUDY.
No one can do this for you, put in some effort. It’s 6 am in Australia, the USDJPY closed at 2 to 1 profits, last chart I posted.
I had 11 full 2-1 winners, 5 full 1-1 losers. Now, I either got the position size wrong on some of these, of the calculator was not accurate, I used Risk by Percentage of account, next week I will use Risk by Amount, see if that is more accurate.
Account was $1120 , now $1268 , profit $147.71 , say $148 = 13% for the week
Each loser should have been $11 and the winners $22 but you can see the actual amounts. On those figures, the 11 winners times 2 is 22 units, minus the 5 losers = 17 units, or 17 times $22 = $374 for theoretically gain on correct figures was possible.
That would be an astounding 33% and never had any point of nervous drawdown. A few reported those early loses, did those guys continue with the system?
Have a nice weekend, and study, study, study, delete all those indicators, I know you’re still looking at them
PRICE PRICE PRICE
It takes a lot for me to IGNORE you, but you can try.
- #551
- Feb 28, 2020 2:27pm Feb 28, 2020 2:27pm
- Joined Dec 2019 | Status: Trader | 5,597 Posts
{quote} In the words of the once famous John McEnroe, “You cannot be serious! YOU CANNOT BE SERIOUS ! !” I don’t think we need to explain the theory once again, you need to read the thread again, take notes, look at the charts, post a few charts showing where you don’t understand, draw the high and low on every chart, in other words, STUDY. No one can do this for you, put in some effort. It’s 6 am in Australia, the USDJPY closed at 2 to 1 profits, last chart I posted. I had 11 full 2-1 winners, 5 full 1-1 losers. Now, I either got the position size...
And I see you are also having much success with this.
I agree, I need to take a closer look at this. Results like this should not be taken lightly!
Learn from your mistakes and march on.
- #553
- Feb 28, 2020 2:34pm Feb 28, 2020 2:34pm
- Joined Jul 2011 | Status: Gold Again | 10,567 Posts
{quote} The thing is, he obviously used the script. But I also used the script and didn't get good results. I didn't use as many pairs either, however. But still. Then again, maybe the key is leaving it all on the table until the end of the week, which is what he apparently did. And I see you are also having much success with this.
As I repeatedly say, all I have is an iPad, no indicator can be run, I only mark the price levels.
Trading is only WTF
Wednesday Thursday Friday, so yes, best to let market do it’s thingLove youse all
It takes a lot for me to IGNORE you, but you can try.
- #554
- Feb 28, 2020 2:40pm Feb 28, 2020 2:40pm
- Joined Dec 2019 | Status: Trader | 5,597 Posts
{quote} Yes, as soon as you can stop looking for something else, a script, an EA, an indicator, and SEE what is right there on the chart, the sooner you will get it. As I repeatedly say, all I have is an iPad, no indicator can be run, I only mark the price levels. Trading is only WTF
But I want my job to be easier. That's why I want an EA to do it for me.
Congratulations on your gains, and have a nice weekend.
Learn from your mistakes and march on.
- #556
- Feb 28, 2020 2:53pm Feb 28, 2020 2:53pm
- Joined Jul 2011 | Status: Gold Again | 10,567 Posts
It was a big week or at least a big Friday, no doubt about that, already I’m thinking caution for next week, not thinking bounce or reversal, don’t want a bias, just be careful and let price show the way.
Today I will mark out the new 20-days highs and lows on each pair, Turtle trend style price levels
Here is NZDJPY at the start of this week
And how the strength ended on Friday
Today I will mark out the new 20-days highs and lows on each pair, Turtle trend style price levels
Here is NZDJPY at the start of this week
And how the strength ended on Friday
It takes a lot for me to IGNORE you, but you can try.
- #557
- Feb 28, 2020 2:59pm Feb 28, 2020 2:59pm
- Joined Jul 2011 | Status: Gold Again | 10,567 Posts
Another thing I will look at for next week, put the 3 to 1 levels on my charts. Obviously, missed a lot of profits by hard exit at 2 to 1 on many trades, get a couple of 3 to 1 will help. Of course, with main trend when observed, reversal or counter trend, use caution always.
Example of Daily
And my favourite, the 4 Hour
Example of Daily
And my favourite, the 4 Hour
It takes a lot for me to IGNORE you, but you can try.
- #559
- Feb 28, 2020 3:06pm Feb 28, 2020 3:06pm
- Joined Jul 2011 | Status: Gold Again | 10,567 Posts
{quote} The thing is, he obviously used the script. But I also used the script and didn't get good results. I didn't use as many pairs either, however. But still. Then again, maybe the key is leaving it all on the table until the end of the week, which is what he apparently did. And I see you are also having much success with this.
Does it place Stop Loss and Take Profit at the same time?
A few pictures will help educate everyone, noobs may be unfamiliar with usage of scripts.
Thanks
It takes a lot for me to IGNORE you, but you can try.
- #560
- Feb 28, 2020 3:18pm Feb 28, 2020 3:18pm
- Joined Dec 2019 | Status: Trader | 5,597 Posts
{quote} Tell me more about the Script, does it allow for Position Sizing? Does it draw the Entry level on chart? I guess the trade lines will be there. Does it place Stop Loss and Take Profit at the same time? A few pictures will help educate everyone, noobs may be unfamiliar with usage of scripts. Thanks
It leans more towards the side of trade management.
Learn from your mistakes and march on.