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The Jail Break System

  • #10,381
  • Mar 31, 2020 6:45am Mar 31, 2020 6:45am
Quoting pamc
{quote} just a little advice if I may. trade demo for longer but also same demo account size and lots/volume as u would when live. got it?
Absolutely pamc, thank you for your counsel. One of the most imortant things I have learned from PC is NOT using stop losses because that's how the MM profits from us retail traders. If your margin account is healthy there is no fear of a trade wiping you out.
  • #10,382
  • Mar 31, 2020 6:47am Mar 31, 2020 6:47am
Quoting TraderR0N
{quote} Strong advice is I would suggest to put a little money to trade live with emotions will be a better choice. That’s more of a real trading. Be it 1k for a start at 0.01 and you’re good to go...
Understood Ron thank you. I know trading with real money is a different world, I'm accumulating capital now and will take that step soon.
  • #10,383
  • Mar 31, 2020 6:49am Mar 31, 2020 6:49am
Quoting VicarPhilip
{quote} Understood Ron thank you. I know trading with real money is a different world, I'm accumulating capital now and will take that step soon.
Im happy it works for you and glad that you will trading live soon. Looking forward...
10% buy 10% sell 80% waiting
  • #10,384
  • Mar 31, 2020 6:53am Mar 31, 2020 6:53am
right. going to get the charcoal set up for some marinated sea bream. CUL
  • #10,385
  • Mar 31, 2020 7:02am Mar 31, 2020 7:02am
Anyone trading/watching AUD/CAD now, ive been talking with a good pivot trader and we both think a move is coming, though neither of us agree the direction, im a green 15m away from being bullish

and are people still bullish on gbp/jpy? or have I missed the boat on that one, I snagged a few pips this morning on that pair but am thinking its got more to give?
  • #10,386
  • Mar 31, 2020 7:03am Mar 31, 2020 7:03am
Quoting Lubis82
{quote} If spread more than EA set up can we change it?
yes:
this is spread value:
"Max Spread to only open trades below this value" - change this (current 10 in pips) according yours broker spread.

EA covered all trading problems:
- on /off switch
- lot size
- No Attempts
- Delay in minutes between trades
- TP
- SL
- BE
- slippage
- spread
- magic No
- Price to enter buy & sell
- comment
- visual dragging lines

test on demo for a week or so, than if you have problems PM to me
Forex can only be understood backwards, but it must be traded forwards.
  • #10,387
  • Mar 31, 2020 7:10am Mar 31, 2020 7:10am
Quoting prozor7
{quote} yes: this is spread value: "Max Spread to only open trades below this value" - change this (current 10 in pips) according yours broker spread. EA covered all trading problems: - on /off switch - lot size - No Attempts - Delay in minutes between trades - TP - SL - BE - slippage - spread - magic No - Price to enter buy & sell - comment - visual dragging lines test on demo for a week or so, than if you have problems PM to me
Ok mate will try om demo first
Thanks
Never stop learning
  • #10,388
  • Mar 31, 2020 7:17am Mar 31, 2020 7:17am
Quoting TraderR0N
{quote} Thank you Kalahari for your kind words. Im here to help traders. Nice profits for your AUDUSD. Doesn’t matter whether it’s small or big profits still profits better than losing. As for long EURGBP please be patience. Time will tell. Im glad it helps you in your trade. Thanks again.
Hi Ron, what do you see for UJ?
Never stop learning
  • #10,389
  • Mar 31, 2020 7:22am Mar 31, 2020 7:22am
Quoting VicarPhilip
{quote} Absolutely pamc, thank you for your counsel. One of the most imortant things I have learned from PC is NOT using stop losses because that's how the MM profits from us retail traders. If your margin account is healthy there is no fear of a trade wiping you out.
I will highly recommend using SL especially when market is volatile
what would be my profitable trade but not using SL wipe 30% of my account in 5 min
I lost only 30% just because account protection SL activated @ 30% otherwise I will have Margin-call
Forex can only be understood backwards, but it must be traded forwards.
  • #10,390
  • Mar 31, 2020 7:29am Mar 31, 2020 7:29am
Quoting Lubis82
{quote} Hi Ron, what do you see for UJ?
plenty more orders above as well as stops compared to below so IMO will bounce off lower tren line and go for the larger orders above. those below will be sorted at a news event imo
Attached Image (click to enlarge)
Click to Enlarge Name: uj 310320 15.25.png Size: 79 KB
  • #10,391
  • Mar 31, 2020 7:32am Mar 31, 2020 7:32am
Quoting prozor7
GBPCHF possible up to 1.20160 - 1.20662
GBPCHF - update
closing 50% long @ 1.19595 will be smart
Forex can only be understood backwards, but it must be traded forwards.
  • #10,392
  • Mar 31, 2020 7:32am Mar 31, 2020 7:32am
Quoting VicarPhilip
{quote} LOL I knew there was some other reason I liked you PC! Fellow meathead here, all our gyms are closed so I bought 3 pairs of dumbbells, a flat bench, and built a pullup bar in the garage. I always dread leg day but they're my best bodypart... I'm a small guy and gettin old (53) but a few years ago my buddy and I were back squatting ATG 315X6. Man I miss those days, happy to get 225X10 now.
Ha ha, this is great. I'll PM you today.
Patience, let the trade come to you.
  • #10,393
  • Mar 31, 2020 7:37am Mar 31, 2020 7:37am
Quoting aaven
{quote} Poker Chip, It looks like it can be done with your inputs. if the rules can be defined in a quantitative way, i don't see any reason why not. Although, i don't think any run of the mill coder found on mql market place would be up for it. As they code only for money and won't be as invested as trader who also codes. Do you have any previous documentation{if you talked to any coder} that you used? In my opinion, Jail Break system is truly a worthy endeavor. Attaching the Railroad tracks happening on Dow Jones Daily-When the whole world is...
I gave my input to a code writer, and I still had more information to give.

I never heard from him, I think he fell off the earth some where.


I think if this can be done, you would be able to trade more pairs and that would compound the profit.
Patience, let the trade come to you.
  • #10,394
  • Mar 31, 2020 7:37am Mar 31, 2020 7:37am
Quoting VicarPhilip
{quote} LOL I knew there was some other reason I liked you PC! Fellow meathead here, all our gyms are closed so I bought 3 pairs of dumbbells, a flat bench, and built a pullup bar in the garage. I always dread leg day but they're my best bodypart... I'm a small guy and gettin old (53) but a few years ago my buddy and I were back squatting ATG 315X6. Man I miss those days, happy to get 225X10 now.
lol you are not old
you are in prime time
Forex can only be understood backwards, but it must be traded forwards.
  • #10,395
  • Mar 31, 2020 7:40am Mar 31, 2020 7:40am
Quoting Lubis82
{quote} Hi Ron, what do you see for UJ?
I'm not Ron
I see 108.961 as resistance
Forex can only be understood backwards, but it must be traded forwards.
  • #10,396
  • Mar 31, 2020 7:42am Mar 31, 2020 7:42am
Quoting starpro
Gidday PokerChip delete this if its totally annoying but something interesting I came across , the chart on the left shows the boxes I guessed were jailbreak boxes . the chart on the right has Support_and_Resistance _(Barry) indicator on chart .It appears I got some right and some wrong .Would you say the s/r marked on the downtrend (but not boxed)is NOT a valid JB box?. I dot appear to be able to alter the S/.R lines to filter some out . As I said remove this post if it interupts your thread flow , regards Sp {image}
Good morning Starpro,

Your charts look good, I like the bar chart too.

Even if you get close to the levels you are in the game for price action.

You already know the direction, I'll you need is to find a entry point.

Please don't remove your post, this is a good post for other traders to see.

I think it would help them.

Thanks for posting.
Patience, let the trade come to you.
  • #10,397
  • Mar 31, 2020 7:43am Mar 31, 2020 7:43am
Quoting pamc
{quote} plenty more orders above as well as stops compared to below so IMO will bounce off lower tren line and go for the larger orders above. those below will be sorted at a news event imo {image}
Do you mean it will go down for while and then back to the top? So i can open order buy from 108.125?
Correct me if i'm wrong
Thanks you
Never stop learning
  • #10,398
  • Mar 31, 2020 7:45am Mar 31, 2020 7:45am
Quoting prozor7
{quote} "I'm all ears" how would you automate?
Good morning Pro7,

I don't know anything about a EA, I think it would be a good one though if a EA writer could figure it out.
Patience, let the trade come to you.
  • #10,399
  • Mar 31, 2020 7:46am Mar 31, 2020 7:46am
Price to enter buy & sell..... should here need we enter price manual first??
  • #10,400
  • Mar 31, 2020 7:49am Mar 31, 2020 7:49am
Quoting PokerChip
{quote}... I think if this can be done, you would be able to trade more pairs and that would compound the profit.
this can be done in two ways, in both cases it will not be auto trade without user input. period
1st that is already developed
2nd ..... more complex

post some suggestions let see some brain trust
Forex can only be understood backwards, but it must be traded forwards.
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