GU too 
Hello. Interesting system. I was making some great pips for the last couple of years with a system based on VP from NNFX. I'm sure some of you've heard about him. Mostly people don't like him and called his system crap. Well, i don't want to advertise him, but my accout was growing as s!"t . But market changed and I lost almost 20% from March to May so I stopped trading, since my system wasn't working anymore. Even close. So I returned to FF to check what's new And I've found this thread, which is Great (thank you Minotawr!). It's just what I need, since the system could work on daily chart. I have full time job, managing a small company (it sucks now with pandemic) and have one kid and one on the way. I also like doing sports and beer So my time is very limited, but I also like to trade That is why I trade on daily timeframe, with simple rules to follow.
I've made some backtesting and results are quite promising. I need to adjust my MM properly and I'm going live. I still have one question on my mind.
Let say PA is above 100ema on daily. Monthly trend is up, so is weekly. I'm trading on daily chart. Pullback occurs (1) so I'm putting buy stop just above candle 1. Next day second red candle(2). I move my buy stop just above (2) candle. The day after bullish candle (3) rises but not so large to trigger my buy stop. My question is: should I move buy stop to above candle 3 or just leave it above candle 2?
For fun I've made some nice pricture in Paint and pasted it below
I wish you all nice pip hunting, Cheers
. But market changed and I lost almost 20% from March to May so I stopped trading, since my system wasn't working anymore. Even close. So I returned to FF to check what's new And I've found this thread, which is Great (thank you Minotawr!). It's just what I need, since the system could work on daily chart. I have full time job, managing a small company (it sucks now with pandemic) and have one kid and one on the way. I also like doing sports and beer So my time is very limited, but I also like to trade That is why I trade on daily timeframe, with simple rules to follow.I've made some backtesting and results are quite promising. I need to adjust my MM properly and I'm going live. I still have one question on my mind.
Let say PA is above 100ema on daily. Monthly trend is up, so is weekly. I'm trading on daily chart. Pullback occurs (1) so I'm putting buy stop just above candle 1. Next day second red candle(2). I move my buy stop just above (2) candle. The day after bullish candle (3) rises but not so large to trigger my buy stop. My question is: should I move buy stop to above candle 3 or just leave it above candle 2?
For fun I've made some nice pricture in Paint and pasted it below
I wish you all nice pip hunting, Cheers
- #1,186
- Jul 30, 2020 9:13am Jul 30, 2020 9:13am
- Joined May 2010 | Status: Trader | 1,188 Posts
...My question is: should I move buy stop to above candle 3 or just leave it above candle 2? For fun I've made some nice pricture in Paint and pasted it below
If candle 2 is relatively small, just leave the buy stop above it.
There is no right or wrong answer, it all comes down to personal preference and experience in the market.
Hello. Interesting system. I was making some great pips for the last couple of years with a system based on VP from NNFX. I'm sure some of you've heard about him. Mostly people don't like him and called his system crap. Well, i don't want to advertise him, but my accout was growing as s!"t
So, you place a new stop order when the previous one wasn't triggered, but only if there's an new bar of the same type i.e. a close in the opposite direction of the trade (for buy's you wait for a bearish bar and vice-versa), it's either triggered or replaced by the next PO. Nothing more to it.
So, for me, the answer is: you leave it above candle 2 until you get a new red candle and that one wasn't triggered.
- #1,188
- Jul 30, 2020 10:31am Jul 30, 2020 10:31am
Hello. Interesting system. I was making some great pips for the last couple of years with a system based on VP from NNFX. I'm sure some of you've heard about him. Mostly people don't like him and called his system crap. Well, i don't want to advertise him, but my accout was growing as s!"t
Forgive for my English!
- #1,195
- Edited 3:31pm Aug 4, 2020 3:13pm | Edited 3:31pm
- Joined Nov 2008 | Status: Trader | 4,830 Posts
Try to test the ea, xm7_Magic100_EA_v13.ex4 it show another ea running, close the chart. actuelly no ea running in terminal, is it looking into my disk?
.the reason I did this was so that no confusion would happen with the multiple symbol list that is shown on the chart, with that list you don't need to run the EA on different charts, just click on the button symbol and you will get the chart for that symbol. Whatever pairs you entered in the inputs those are the pairs the EA will monitor.
Folks I trust all of you are in good health and getting your pips
. PEACE
Jess
Our AWESOME IMAGINATION is the true holy grail!
- #1,200
- Aug 6, 2020 9:46am Aug 6, 2020 9:46am
- Joined May 2010 | Status: Trader | 1,188 Posts
great results, you can build on it. do you take tools for getting in?