iandekoker's 5 profit target trades | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Multiple trades in one direction with profit target 33 replies

Profit From Profit-Taking —Scalping the Session Close 21 replies

Profit Target, Loss Target 1 reply

Would you take profit with 500pips profit or? 26 replies

Would you take profit with 500pips profit or? 3 replies

Attachments: iandekoker's 5 profit target trades
Exit Attachments

iandekoker's 5 profit target trades

  • #41
  • Oct 22, 2007 11:41am Oct 22, 2007 11:41am
I am just wondering at how you came to the conclusion that you would take profit at exactly 5 pips. Why not 1 pip? I bet you would have more profitable trades if you took a 1 pip profit every time. With that success rate, you'd make it into the next market wizards.
  • #42
  • Oct 22, 2007 11:47am Oct 22, 2007 11:47am
Quoting dunningduke
I am just wondering at how you came to the conclusion that you would take profit at exactly 5 pips. Why not 1 pip? I bet you would have more profitable trades if you took a 1 pip profit every time. With that success rate, you'd make it into the next market wizards.
Hhmmm not a bad idea...cause almost 99% of our trades show 1 pip profit at same stage...unless of course you meant to buy but then accidentely hit the sell button...lol

lemme ponder on this for a while...you might have a good point
  • #43
  • Oct 22, 2007 12:31pm Oct 22, 2007 12:31pm
here is a long trade on 15 min chart
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 15 KB
  • #44
  • Oct 22, 2007 3:54pm Oct 22, 2007 3:54pm
here is a long trade on 15 min chart worth 5 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 15 KB
  • #45
  • Oct 23, 2007 1:31am Oct 23, 2007 1:31am
here is my first long trade today
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 15 KB
  • #46
  • Oct 23, 2007 3:31am Oct 23, 2007 3:31am
here is a short trade for 5 pips
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 16 KB
  • #47
  • Oct 23, 2007 3:33am Oct 23, 2007 3:33am
and minutes later a long trade for 5 pips
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 19 KB
  • #48
  • Oct 23, 2007 8:25am Oct 23, 2007 8:25am
Here are 3 quick trades in a row each giving me 5 pips
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 15 KB
  • #49
  • Oct 23, 2007 9:35am Oct 23, 2007 9:35am
here is another trade giving 5 pips

and i just couldnt resist the shooting star so i took 5 pips going down too
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 15 KB
  • #50
  • Oct 23, 2007 4:05pm Oct 23, 2007 4:05pm
here is another long trade worth 5 pips
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 15 KB
  • #51
  • Edited 5:45pm Oct 23, 2007 4:05pm | Edited 5:45pm
Try this one. It will give a few more signals.

On the first one, it looks for a close with ADX and DI above 35, and the DI line had to be below 35 on the candle prior. This keeps the chart from filling up with arrows.

On this one, either the ADX or the DI line must be below 35 on the candle prior. There were cases where DI crossed first, then ADX, and the indicator did not give the signal because ADX didn't cross up until the following candle, and by then the "candle prior" condition was gone for the DI.

I don't know why it gives the alert several times for one signal. It's specifically programmed not to and it is a nuisance. I really think there's a hiccup in MT4 causing it, I've gone over and over the indicator code.

Rob
Attached File(s)
File Type: mq4 Iandecoker ADX 1.1.mq4   4 KB | 343 downloads
  • #52
  • Oct 23, 2007 9:23pm Oct 23, 2007 9:23pm
Really enjoying your thread so far Iandekoker, please keep posting trades! Very helpful to see exactly what your seeing, thanks
  • #53
  • Oct 23, 2007 11:46pm Oct 23, 2007 11:46pm
Quoting blueruby
Try this one. It will give a few more signals.

On the first one, it looks for a close with ADX and DI above 35, and the DI line had to be below 35 on the candle prior. This keeps the chart from filling up with arrows.

On this one, either the ADX or the DI line must be below 35 on the candle prior. There were cases where DI crossed first, then ADX, and the indicator did not give the signal because ADX didn't cross up until the following candle, and by then the "candle prior" condition was gone for the DI.

I don't know why it gives the alert several times for one signal. It's specifically programmed not to and it is a nuisance. I really think there's a hiccup in MT4 causing it, I've gone over and over the indicator code.

Rob
Thx. Lemme see how this newer version works
  • #54
  • Oct 23, 2007 11:50pm Oct 23, 2007 11:50pm
Quoting nuc
Really enjoying your thread so far Iandekoker, please keep posting trades! Very helpful to see exactly what your seeing, thanks
Thx. I try and keep it very simple
  • #55
  • Oct 24, 2007 12:25am Oct 24, 2007 12:25am
Ok here is something for those who wanna make more than 5 pips. Try the following. It might give you 5-50 pips depending on how strong the move it at the time.


First you wait for 4 SMA to cross the 11 SMA. Then you wait for ADX to dip under the 35 level. As soon as the ADX rises above the 35 level again you buy.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 18 KB
  • #56
  • Oct 24, 2007 12:32am Oct 24, 2007 12:32am
Here is a trade on usd/jpy that offered around 50 pips
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 16 KB
  • #57
  • Oct 24, 2007 12:38am Oct 24, 2007 12:38am
Here is a big trade on gbp/usd that offered more than 50 pips

SMA's crossed up. ADX was already under 35 level and you buy once it rises above 35 level. This trade would have given you lots of satisfaction
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 16 KB
  • #58
  • Oct 24, 2007 2:54pm Oct 24, 2007 2:54pm
Thks. for the reply.

Have you had instances in the past where your 20 pip stop loss was hit? If it was, did you see any indications as to why that happened and possible setups that correlated with you getting stopped? Maybe things we should look out for?

Thanks
  • #59
  • Oct 24, 2007 4:32pm Oct 24, 2007 4:32pm
Quoting nuc
Thks. for the reply.

Have you had instances in the past where your 20 pip stop loss was hit? If it was, did you see any indications as to why that happened and possible setups that correlated with you getting stopped? Maybe things we should look out for?

Thanks
yes some times you get stopped out. There is no fool proof system. Every system has moments where the market does its own thing. Could be news release that caught me off guard or when ur trying to trade asian session
  • #60
  • Oct 24, 2007 7:42pm Oct 24, 2007 7:42pm
Today, on one of the long trades, the increased spread of IBFX got me at 10:00 am EST b/c of home sales news. Didn't even realize it until I saw my entry so far away from the market. So I decreased my expectations and was happy with 3 pips.

So, the main theme for unprofitable trades is news and asian session, not a particular setup on the chart, that you've found doesn't work.

Thks. Iandekoker
0 traders viewing now