Hello Nicota
I Have Some Questions About Ur System
First Tanx For Sharing Ur System
1 Do You Have Any Back Test Of This Method ? What Is The Result In Pip?
How Many Months Or Years Is Your Back Test?
2 In Anothers Currency Pairs Did You Test It Or Do You Have Any Idea For Anoth Pairs ?
3 I Have One Idea That We Should Not Let Our Green Pips Turn Into Red So E.g:
If We Have 2 Lot Buy In This Method Or Sell:
If It Reaches To 5o We Close 1 Lot And Point Sl Under Entry Point And Tp: 100 Or We Cab Use Trailing Stop 40
What Do You Think ?
Hello Nicota
I Have Some Questions About Ur System
First Tanx For Sharing Ur System
1 Do You Have Any Back Test Of This Method ? What Is The Result In Pip?
How Many Months Or Years Is Your Back Test?
2 In Anothers Currency Pairs Did You Test It Or Do You Have Any Idea For Anoth Pairs ?
3 I Have One Idea That We Should Not Let Our Green Pips Turn Into Red So E.g:
If We Have 2 Lot Buy In This Method Or Sell:
If It Reaches To 5o We Close 1 Lot And Point Sl Under Entry Point And Tp: 100 Or We Cab Use Trailing Stop 40
What Do You Think ?
Ignored
One problem about backtests are slippage. I have seen stops occur 30 pips worse than where the stop was placed, etc.
What Is Slppage ?
Plz Explain It To Me Claerly With An Example I Dont Know What You Mean
I Was Backtesting This Method From 3/1/2006 Till Now
But I Had Not Problem With Mt4 And This Method Has Not Any Unused Or Extra Indicators So What Is The Problem It Is Just Price And Price And High And Low Points And Back Test By Style Of Step By Step And Candle By Candle
So What Is The Problem With This Style Of Backtesting?
What Is Slppage ?
Plz Explain It To Me Claerly With An Example I Dont Know What You Mean
I Was Backtesting This Method From 3/1/2006 Till Now
But I Had Not Problem With Mt4 And This Method Has Not Any Unused Or Extra Indicators So What Is The Problem It Is Just Price And Price And High And Low Points And Back Test By Style Of Step By Step And Candle By Candle
So What Is The Problem With This Style Of Backtesting?
Ignored
The problem is that backtests don't account for slippage. When you trade live, stops aren"t guaranteed and can run way past where you place them (sometimes by 30+ pips). Also, there is slippage on fills when entering trades that is not included with backtests. Just something to keep in mind.
The problem is that backtests don't account for slippage. When you trade live, stops aren"t guaranteed and can run way past where you place them (sometimes by 30+ pips). Also, there is slippage on fills when entering trades that is not included with backtests. Just something to keep in mind.
Ignored
You might need another broker. I've been trading forex for a long time, and have never had price run past a stop, even on NFP day.
I have had the spread suddenly increased, which cost me money, but never anything like 30 pips.
You might need another broker. I've been trading forex for a long time, and have never had price run past a stop, even on NFP day.
I have had the spread suddenly increased, which cost me money, but never anything like 30 pips.
Ignored
You might be right. Please give me the name of your dealer. So far i have experienced occasional bad stops over the years with CMS, GFT and now i'm with FXDD all live real money trades. I'm willing to try another.
You might be right. Please give me the name of your dealer. So far i have experienced occasional bad stops over the years with CMS, GFT and now i'm with FXDD all live real money trades. I'm willing to try another.
Ignored
I use IBFX.
I don't particularly recommend them because they have raised the spread on GBP/JPY to an excessive level. I am looking for another broker, but they don't let a trade run through stops.
They have reasonable spreads on the other pairs.
With the TP at 100 pips what suggestions are there for those of us who can't watch the market as the GPY/YEN moves into profit? Is there a MM strategy that would allow us to reap profits without hoping we hit a 100 pip target? I get the clear impression that a TS isn't recommended. Comments are appreciated.
"Loss and failure are inevitable but misery is optional"
With the TP at 100 pips what suggestions are there for those of us who can't watch the market as the GPY/YEN moves into profit? Is there a MM strategy that would allow us to reap profits without hoping we hit a 100 pip target? I get the clear impression that a TS isn't recommended. Comments are appreciated.
Ignored
I don't think you can trade this if you can't watch the market.
Not because of the 100 TP, but because if you do get stopped out, you're supposed to set your buy or sell stop up again for a second attempt.
If you look back on the charts, this happens frequently and the second trade accounts for a lot of the profits.
Joined Feb 2007
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Status: Goal achieved
|914 Posts
Good job Nicotina,
I belive the system can work on any pair with few adjustments. However i woud only use it on the Gpy for its volatility and quick rewards. I did some backtesting and it would be nice to find a way to let the really good entries run to the fullest but then that would take away from the simplicity of the system.
