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Would it be too much trouble to pay me back my $20,000, my sexy darling? 646 replies

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bringin sexy back - stochastics

  • #1,201
  • Jun 3, 2007 1:30pm Jun 3, 2007 1:30pm
Quoting boxingislife
probably no posting this week gonna be studying then exams the week after then full time trading for the summer
good luck!
  • #1,202
  • Jun 3, 2007 2:25pm Jun 3, 2007 2:25pm
thanks guys

nondisc. hows ur vacation goin? i think u said since ur not workin anymore ur gonna take a vacation or somethin
  • #1,203
  • Jun 4, 2007 12:34am Jun 4, 2007 12:34am
Quoting boxingislife
thanks guys

nondisc. hows ur vacation goin? i think u said since ur not workin anymore ur gonna take a vacation or somethin
Well, I was going to. I've been working on the EA for about 8 hours a day. I've had very little faith in the strategy tester in MT4. So, I've found myself redoing things often.

I'm going off on vacation on the 10th coming back on the 15th. I won't be working on the EA during this time, but i'll check in the forum once and a while.

Talk to everyone later.
  • #1,204
  • Jun 6, 2007 6:32pm Jun 6, 2007 6:32pm
To those who have been trading live and this and succeeding,

What timeframe chart do you use? And to verify the trend, do you look at other timeframes to confirm and if so, what time frames? I'm thinking of getting that into the EA, but I want to know if it's successful.

thx.
  • #1,205
  • Jun 9, 2007 12:38am Jun 9, 2007 12:38am
Quoting nondisclosure00
To those who have been trading live and this and succeeding,

What timeframe chart do you use? And to verify the trend, do you look at other timeframes to confirm and if so, what time frames? I'm thinking of getting that into the EA, but I want to know if it's successful.

thx.
When i can look the chart constently, i use M5 and M15, otherwise H1 H4 and Daily...

But of course, like any other method, i take only trade in the trend and no counter trade. For example, if i trade M5, i will look for trade in the same direction as H1 or H4
  • #1,206
  • Jun 9, 2007 5:10am Jun 9, 2007 5:10am
Melpheos,

Based on your experience with this great method, can you give us some stast' for your trading the 5min?
I mean, what pair, how many trades a day, best trading hours for the pair, average gain, your stop loss, win/loss ratio etc?

I am sure that everyone here will appreciate the stasts from real trading.

Many thanks,
T.
  • #1,207
  • Jun 9, 2007 8:16am Jun 9, 2007 8:16am
I had to stop trading live after several lost trade in a row to figure out what's going wrong and i know what's going wrong.

I started to trade live when i was on holiday and for 3-4 days i had approximatively 90% success rate. At this time i had all the time to watch the chart and see reversal occuring live.

But the week after my holiday, back to work, my trading went zerkish and nothing was going well.

I had no time to watch the chart and i was missing all the opportunities. I have to do paper trade on higher TF now because M5 M15 M30 are not viable when you have a day job (i mean a job when your not in front of your PC all the time )

So for one more month, i will be paper trading on higher TF (H1 minimum)... I prefer to do that rather than lose money ^^ I still have time to become rich...

As for the pair followed, i am watching 12 pairs on an hourly basis (i have put an alert on my outlook to watch the chart @ X:59 every hour when i am at work )

As a conclusion, Forex is a job and if you dont have time, it's definitely more difficult than when you have time.

I think i'll use a take profit EA as trailing stop is not very efficient.

As for TP and SL, i use them only when i really cant watch the charts
  • #1,208
  • Jun 9, 2007 2:04pm Jun 9, 2007 2:04pm
this is my template
Attached File(s)
File Type: tpl ppm+stoch+ema9 34.tpl   7 KB | 807 downloads
  • #1,209
  • Jun 9, 2007 3:07pm Jun 9, 2007 3:07pm
Quoting axmed71
this is my template
welcome to our new padawan
  • #1,210
  • Jun 9, 2007 4:10pm Jun 9, 2007 4:10pm
Melphoes,

U said "I started to trade live when i was on holiday and for 3-4 days i had approximatively 90% success rate"

Was it on the 5 min chart?
If yes, can you tell us about it a bit more as per avarage profit, avarage loss of the 10% trades, did you use a stop loss, best time of trading, how many a day, etc...

T.
  • #1,211
  • Jun 9, 2007 8:22pm Jun 9, 2007 8:22pm
Quoting melpheos
When i can look the chart constently, i use M5 and M15, otherwise H1 H4 and Daily...

But of course, like any other method, i take only trade in the trend and no counter trade. For example, if i trade M5, i will look for trade in the same direction as H1 or H4
Thanks melpheos. I'm wondering because I want to get stronger signals.

So here's what I'm going to put into the EA (maybe the indicator too).
M5, M15, M30 need to be in agreement for trade (2 candles on longest TF NOT including current open candle). H1, H4 and Daily for long TF's.

I'll start on this on Friday. I'm heading off to the 'left' coast (San Diego CA USA) for a vacation. I haven't had one in 3 years. I'll be checking in from time to time, but I'm not going to work on coding while I'm there.

Chat at y'all later.
  • #1,212
  • Jun 10, 2007 11:51am Jun 10, 2007 11:51am
Made a small screenshot of my new setup, i have added some filters EMA50 and Ichimoku.

I use only the could of Ichimoku as a non trading zone (NTZ)

I have studied several hours this new setup and it does a awsome job in filtering good but not very rewarding trade and filtering bad trade.

With this setup i should be in on every BIG moves.

I will test this on demo account next week.

Zip file contains a non compressed more viewable picture of the setup
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 105 KB
Attached File(s)
File Type: zip gbpusd.zip   111 KB | 596 downloads
  • #1,213
  • Jun 11, 2007 8:37pm Jun 11, 2007 8:37pm
Quoting melpheos
Made a small screenshot of my new setup, i have added some filters EMA50 and Ichimoku.

I use only the could of Ichimoku as a non trading zone (NTZ)

I have studied several hours this new setup and it does a awsome job in filtering good but not very rewarding trade and filtering bad trade.

With this setup i should be in on every BIG moves.

I will test this on demo account next week.

Zip file contains a non compressed more viewable picture of the setup
melpheos,

let us know how it goes. I'm only going to work on the TF alignment for Sexy when I get back. Once that's done, I'll add in Ichimoku and EMA50 per settings and strategy you set.

I'm still on the 'left' coast (San Diego CA USA). Nice cool weather, but humid. I miss the dessert.
  • #1,214
  • Jun 12, 2007 2:34am Jun 12, 2007 2:34am
Hi
I think you may see a good setup on gbp 4h tf.....
but in 1h tf we have no clear setup.....?
thanks for your help and good system
  • #1,215
  • Jun 12, 2007 2:43am Jun 12, 2007 2:43am
Quoting king_a
Hi
I think you may see a good setup on gbp 4h tf.....
but in 1h tf we have no clear setup.....?
thanks for your help and good system
i think you speak about cable (you just said gbp ) and yes, that's a good setup but nonlagma is still in the uptrend so wait for confirmation
  • #1,216
  • Jun 12, 2007 3:52am Jun 12, 2007 3:52am
Quoting melpheos
i think you speak about cable (you just said gbp ) and yes, that's a good setup but nonlagma is still in the uptrend so wait for confirmation
thanks for your responce...but would you look for 1h tf it seems good buy setup on 1h with nonlagma up now...???
  • #1,217
  • Edited 4:38am Jun 12, 2007 4:25am | Edited 4:38am
Quoting king_a
thanks for your responce...but would you look for 1h tf it seems good buy setup on 1h with nonlagma up now...???
nonlag ma changed down on 1h tf now so I enter sell...1.9733
  • #1,218
  • Jun 12, 2007 1:08pm Jun 12, 2007 1:08pm
booked 10 pips for that sell luckilly
  • #1,219
  • Jun 13, 2007 12:53pm Jun 13, 2007 12:53pm
Quoting king_a
booked 10 pips for that sell luckilly
Looking afterward, you would have made 80 pips using a bigger stop loss but 10 pips is 10 pips and 10 pips everyday can make a living
  • #1,220
  • Jun 15, 2007 4:27am Jun 15, 2007 4:27am
Quoting melpheos
Looking afterward, you would have made 80 pips using a bigger stop loss but 10 pips is 10 pips and 10 pips everyday can make a living
well yes you are right...
look these days seems the strategy is not working as well as before in 4h and 1h we see opposite directions...
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