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daily range Strategy

  • #361
  • Nov 16, 2006 8:06am Nov 16, 2006 8:06am
Mandie,
what is the web address to the site that you are referring too?
  • #362
  • Nov 16, 2006 8:19am Nov 16, 2006 8:19am
Quoting Mandie
yes, I do know the exact method. But I don't think it would be etchical to disclose information of it here.
It would be interesting if their strategy was the same as what I've found by my own data collection.
  • #363
  • Nov 16, 2006 8:29am Nov 16, 2006 8:29am
Traders helping tradres!!!!!!?
Regards
  • #364
  • Nov 16, 2006 8:39am Nov 16, 2006 8:39am
Quoting howard
Traders helping tradres!!!!!!?
that is what its all about...!
  • #365
  • Nov 16, 2006 9:47am Nov 16, 2006 9:47am
Quoting Mandie
yes, I do know the exact method. But I don't think it would be etchical to disclose information of it here.
@ Mandie

I know which method you mean. The author will cease your membership in his forum when you violate his copyright and disclose information about his method. He has already banned another member from Shanghai and he will do it again (he's also a member of FF). So better don't disclose it ... btw it's also unfair because other traders have paid up to 149 USD to get this membership. Once again: The method is copyright protected ...
  • #366
  • Nov 16, 2006 10:02am Nov 16, 2006 10:02am
Which EA by Aha? Was there one specifically coded for either Micardo's or MarkJ's strategies?

Have you tried the EA coded by funbot which was posted here? Maybe enhancements to that one would be most appropriate.

Cheers

Bill

Quoting chucuoi
Hi Micardo,
I am finding daily range system, so I am happy when I see your thread
Your strategy is nearly the same the first concept of Vegas Wealth Buider, and Vegas suggest Vegas Fibs to filter. Have you ever thought about this, and another indicators to filter ?

Someone say that this strategy is outdated, I am wondering is it true?

I have just backtest EA by Aha, I can not believe that result is too bad. I am learning MQL4, so I hope I can rewrite this EA in next few days.
  • #367
  • Nov 16, 2006 10:21am Nov 16, 2006 10:21am
Quoting Geldschlucker
@ Mandie

I know which method you mean. The author will cease your membership in his forum when you violate his copyright and disclose information about his method. He has already banned another member from Shanghai and he will do it again (he's also a member of FF). So better don't disclose it ... btw it's also unfair because other traders have paid up to 149 USD to get this membership. Once again: The method is copyright protected ...
Could you guys at least post a web address so we can check it out for ourselves? Matt
  • #368
  • Nov 16, 2006 10:42am Nov 16, 2006 10:42am
Quote:
<TABLE cellSpacing=0 cellPadding=6 width="100%" border=0><TBODY><TR><TD class=alt2 style="BORDER-RIGHT: 1px inset; BORDER-TOP: 1px inset; BORDER-LEFT: 1px inset; BORDER-BOTTOM: 1px inset">Originally Posted by Geldschlucker


@ Mandie

I know which method you mean. The author will cease your membership in his forum when you violate his copyright and disclose information about his method. He has already banned another member from Shanghai and he will do it again (he's also a member of FF). So better don't disclose it ... btw it's also unfair because other traders have paid up to 149 USD to get this membership. Once again: The method is copyright protected ...


</TD></TR></TBODY></TABLE>

@ Geldschlucker,

I don't think we are talking about the same person here, But I am no longer a member of that forum.. So If I wanted ,I could disclose information here. And secondly as far as I know that is definetly not the membership fee.And there is definitely NO COPYRIGHT on that particular method . But that said. The point I was trying to make is about the system/ strategy that is being tested on this thread.. It works... ..

What is just very very interesting to me is. That on this site Forex Factory. There is a whealth of FREE info available, you just need to filter through everything.. Most stuff that I paid for in the past is freely available right here. But some traders THINK that when you pay for something it will be better ect ect, but yes I agree There is certain stuff available at fees that is very very good and will help any trader, but from experience I've learned that there is also alot of stuff for free available...that will make you just as sucssesfull than any other trader, but you just need to search for it.
  • #369
  • Nov 16, 2006 10:48am Nov 16, 2006 10:48am
Hi Mandie,

I agree with you ... the free stuff is still the best. That is so true.
  • #370
  • Nov 16, 2006 11:06am Nov 16, 2006 11:06am
Hi G

And what I found, for myself is that when you pay for something you struggle to explore other trading options.. As when you search for information, you mind is more open to new ideas... Just a thought. And sometimes you ca combine a few ideas to develop your own unique strategy, that suits you personal needs..
Happy trading...
  • #371
  • Nov 16, 2006 11:32am Nov 16, 2006 11:32am
May i ask a stupid question if i have a 5 pip spread on cable and i want to do a 25 pip straddle do i make the lond end of the straddle 30 to get a 25 pip movement and the short 25 pips. IS THAT CORRECT also for a SL of 20 each way do i do it the same way. PT is 25 (not including spread). I would appreciate help from anyone.

THANKS Mr. DETROIT
  • #372
  • Nov 16, 2006 11:42am Nov 16, 2006 11:42am
Quoting 62a94
May i ask a stupid question if i have a 5 pip spread on cable and i want to do a 25 pip straddle do i make the lond end of the straddle 30 to get a 25 pip movement and the short 25 pips. IS THAT CORRECT also for a SL of 20 each way do i do it the same way. PT is 25 (not including spread). I would appreciate help from anyone.

THANKS Mr. DETROIT
This answer from an other user might help:

http://www.forexfactory.com/forexfor...&postcount=268
  • #373
  • Nov 16, 2006 6:35pm Nov 16, 2006 6:35pm
hey guys,
i have a question... What time "eastern standard time" does the new daily candle start? Sorry if that is a dumb question, but i need to know... lol

thanks in advance...

29340
  • #374
  • Nov 17, 2006 1:28am Nov 17, 2006 1:28am
It completely depends on your broker's time.

For instance, for IBFX the day ends (and begins) at 7PM EST. ON FXDD it is 5 PM. Other broker's may have different settings.
Don Life is expensive, but includes a free trip around the sun.
  • #375
  • Nov 17, 2006 1:52am Nov 17, 2006 1:52am
Quoting billworld
Which EA by Aha? Was there one specifically coded for either Micardo's or MarkJ's strategies?
EA by Aha base on Micardo's strategy. You can see it here
http://www.forexfactory.com/forexfor...&page=33&pp=15
A member from Viet Nam. Forex changes my life
  • #376
  • Nov 17, 2006 3:44am Nov 17, 2006 3:44am
Quoting traderone
It completely depends on your broker's time.

For instance, for IBFX the day ends (and begins) at 7PM EST. ON FXDD it is 5 PM. Other broker's may have different settings.

Thanks for the info, my friened...


29340

  • #377
  • Nov 17, 2006 4:20am Nov 17, 2006 4:20am
Well a second day where the Cable exceeded the 20 pip straddle by 1 pip and went on to give us a failed trade.

Does anyone have any data on if it has done this many times before? If so do we need to look at increasing the straddle - perhaps 23 pips may be safer?
  • #378
  • Nov 17, 2006 6:33am Nov 17, 2006 6:33am
Placing your straddle orders as oco orders (one cancels the other) would eliminate risking both sides of your straddle. Have any of you tried this? If so, does it help this strategy?
  • #379
  • Nov 17, 2006 6:37am Nov 17, 2006 6:37am
Possibly worth considering is avoiding prices ending in zero to initiate or stop trades. I was taught to always avoid this. Both yesterday and today the open (on my platform, but not necessarily all) ended in a zero.
Considering a move to Memphis
  • #380
  • Nov 17, 2006 7:25am Nov 17, 2006 7:25am
Quoting JillyB
Well a second day where the Cable exceeded the 20 pip straddle by 1 pip and went on to give us a failed trade.

Does anyone have any data on if it has done this many times before? If so do we need to look at increasing the straddle - perhaps 23 pips may be safer?
@ JillyB

better try SL 25 or even 30. This would have worked so far.
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