DislikedHi again on last thing if this system can achieve a 90 to 95 percent win rate that is the holy grail in the trading world.Ignored
But if this can succeed 80% of time to all traders, then i would say this could be the holy grail
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DislikedHi again on last thing if this system can achieve a 90 to 95 percent win rate that is the holy grail in the trading world.Ignored
DislikedWell said my freind. Any advice for trading times? Central USA time zone is me and most traders in america who have full time jobs are in a pickle at times because of how the forex market works. Any thoughts on this would be great appreciated.
Thanks again,
chrisIgnored
DislikedYour method looks very promising! I look forward to your pdf and trying to demo trade it. Like Chris, I may try the EUR/JPY too due to the smaller spread.
Thanks for sharing!
RobIgnored
DislikedAre you going to set your rules to both a short term and long term strategy and will the system me different with both or just a single short time frame system?
Best Regards,
chrisIgnored
DislikedHI Rob
what time zone are u planning to trade. as told to chris, i am coming with another indicator which will be helpful even if ur spread is high, but if ur not comfortable in 1 min, u can always use the 5min , it works good on that timeframe alsoIgnored
DislikedImran,
I plan on trading the Asian opening and maybe the Eur opening. I will test both pairs. I am anxious to learn more. I am on the East Coast USA. Thanks again!
RobIgnored
DislikedHi
First , it will not be a automated system as this type of trading is based on the trader taking a decision to take profits at what level he wants, the anticipation of the trade etc, so i dont see it succeeding on automated system. I would prefer people to get used to the one indicator , Support and resistance and 2 Moving Averages, thats all...better to learn and trade rather then depend on automation.
This system is very simple, and the SL is one of the lowest i have seen for long time for any system, thats the beauty of it, people need to stick to these simple rules what i am trading on and follow that.
In the course of next week, i will be finalising the rules for entry, exit , so it will be easy to just follow this first on demo a/c, do some trades and see how comfortable one is and then go to a live a/c .
i wanted this to be a learning experience for all the trades who will use this system, them to give feedback so we can all learn to be better traders as days go by.
This system requires basic knowledge of forex, and if traders do not think, then its no use being in forex as its really exciting and we get to learn always, even in wins and losses.Ignored
DislikedHi Imran. This is an excellant thread. I look forward to the pdfs and more details instructions. I will trading from about 0600 to 2000 gmt. Thanks for all your hard work and dedication.Ignored
QuoteDisliked
Hi
your trading time frame is really good...i suggest you to try this method and see, i will be adding one more filter to filter out early exits which the present laguerre gives in 1 min, i will be supplementing it with another laguerre with different settins to act as exit signal for long and short, its working so far good, do check this thread again on Monday with new updates and charts to emphasize this filter