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Attachments: Fisrt Program - Safe Trading
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Fisrt Program - Safe Trading

  • #1
  • First Post: Dec 26, 2006 11:31pm Dec 26, 2006 11:31pm
Hi everbody
In this thread I want to show one can do a successful program with filtering unsafe signals from his trading systems.
I have attached a my money management program including 100 trades. I will trade in conformity with safe trends and reversals. Entry points are mostly calculated using fractals and S/Ls will be as tight as possible.
No Qs, No As, Just follow the program
Attached File(s)
File Type: zip MM.zip   12 KB | 519 downloads
Positive Thinking
  • #2
  • Dec 26, 2006 11:37pm Dec 26, 2006 11:37pm
Quoting Fun Trader
Hi everbody
In this thread I want to show one can do a successful program with filtering unsafe signals from his trading system.
I have attached my money management program including 100 trades. I will trade in conformity with safe trends and reversals. Entry points are mostly calculated using fractals and S/Ls will be as tight as possible.
No Qs, No As, Just follow the program
Trading time frames are M15 and H1.
I will trade mostly on cable.
Money Management file will be updated each day.
Positive Thinking
  • #3
  • Dec 26, 2006 11:59pm Dec 26, 2006 11:59pm
Will Buy Above 1.9590
Positive Thinking
  • #4
  • Dec 27, 2006 12:04am Dec 27, 2006 12:04am
Quoting Fun Trader
Will Buy Above 1.9590
BOUGHT @ 1.9598 + SPREAD = 1.9602
S/L BELOW 1.9587
TARGET 1.9533
Positive Thinking
  • #5
  • Dec 27, 2006 12:06am Dec 27, 2006 12:06am
Quoting Fun Trader
BOUGHT @ 1.9598 + SPREAD = 1.9602
S/L BELOW 1.9587
TARGET 1.9533
sorry for mistake
TARGET 1.9633
Positive Thinking
  • #6
  • Dec 27, 2006 12:09am Dec 27, 2006 12:09am
Quoting Fun Trader
BOUGHT @ 1.9598 + SPREAD = 1.9602
S/L BELOW 1.9587
TARGET 1.9533
I assume you mean Target is 9633?


Should be a pretty safe trade..even though there is resistance at 9607ish

I went long around 9565


if it breaks 9607 and stays above im holding to 9640
Nothing is hard, some things just take more time and discipline.
  • #7
  • Dec 27, 2006 12:15am Dec 27, 2006 12:15am
Quoting Fun Trader
BOUGHT @ 1.9598 + SPREAD = 1.9602
S/L BELOW 1.9587
TARGET 1.9633
IN THE MONEY
S/L --> ENTRY POINT
Positive Thinking
  • #8
  • Dec 27, 2006 12:28am Dec 27, 2006 12:28am
Quoting Fun Trader
BOUGHT @ 1.9598 + SPREAD = 1.9602
S/L BELOW 1.9587
TARGET 1.9633
OUT @ 1.9618 WITH CONTINENCY RULE
+16 PIPS
Positive Thinking
  • #9
  • Dec 27, 2006 12:34am Dec 27, 2006 12:34am
Quoting Fun Trader
OUT @ 1.9618 WITH CONTINENCY RULE
+16 PIPS
what is Continency rule?
Nothing is hard, some things just take more time and discipline.
  • #10
  • Dec 27, 2006 12:38am Dec 27, 2006 12:38am
Quoting NipthePips
what is Continency rule?
TO BE CONTENTED OR SATISFIED
OUT OF THIS, I WATCHED OUT FOR A CHANNEL IN H4
Positive Thinking
  • #11
  • Dec 27, 2006 12:49am Dec 27, 2006 12:49am
Will Buy Above 1.9635
Will Sell Below 1.9550
Positive Thinking
  • #12
  • Dec 27, 2006 1:06am Dec 27, 2006 1:06am
Will Sell Below 118.60
Will Buy Above 119.05
Positive Thinking
  • #13
  • Dec 27, 2006 1:09am Dec 27, 2006 1:09am
Will Sell Below 1.2164
Positive Thinking
  • #14
  • Dec 27, 2006 1:14am Dec 27, 2006 1:14am
And do not forget that in this program I will not have more than one position, open each time.
Priority will be first with safety and at the second with the cable.
Positive Thinking
  • #15
  • Dec 27, 2006 1:27am Dec 27, 2006 1:27am
Good idea to plan 100 trades. But can you explain the header in your file(Programized,Reserve,etc...)
Thanks
Sorry for my bad english translation
  • #16
  • Dec 27, 2006 1:44am Dec 27, 2006 1:44am
Quoting Zeuzere
Good idea to plan 100 trades. But can you explain the header in your file(Programized,Reserve,etc...)
Thanks
In this program, the total equity is 400 USD, but the program is applied just for 300 USD out of that. Remained 100 USD, is supposed to be as reserve money. If we could not fulfill 10 pips in each trade, the program will not be stopped and the programised equity will be filled with reserved money.
If you have had a little knowledge of excel you will see that if our real pips in each trade be more than 10 pips, it will affect in both programized equity and reserved money.
The vice versa is correct if take less than 10 pips in each trade.
The possible minimum trade size is 0.05 lot* (5000) and for example when the program permits us to trade with 3 contracts, it means that the trade size will be 0.15 lot (15000)

*: This is because I use SaxoMiniTrader for this program
Positive Thinking
  • #17
  • Dec 27, 2006 2:08am Dec 27, 2006 2:08am
Quoting Fun Trader
In this program, the total equity is 400 USD, but the program is applied just for 300 USD out of that. Remained 100 USD, is supposed to be as reserve money. If we could not fulfill 10 pips in each trade, the program will not be stopped and the programised equity will be filled with reserved money.
If you have had a little knowledge of excel you will see that if our real pips in each trade be more than 10 pips, it will affect in both programized equity and reserved money.
The vice versa is correct if take less than 10 pips in each trade.
The possible minimum trade size is 0.05 lot* (5000) and for example when the program permits us to trade with 3 contracts, it means that the trade size will be 0.15 lot (15000)

*: This is because I use SaxoMiniTrader for this program
To clarify, I have attached the updated file after the first trade.
Attached File(s)
File Type: zip MM - 27DEC - GMT 1140am.zip   11 KB | 380 downloads
Positive Thinking
  • #18
  • Dec 27, 2006 2:15am Dec 27, 2006 2:15am
Will Buy Above 118.78
Positive Thinking
  • #19
  • Dec 27, 2006 2:18am Dec 27, 2006 2:18am
Quoting Fun Trader
Will Buy Above 118.78
When I say "WILL BUY ABOVE XXX", I mean "I WILL BUY WHEN BID>XXX"
Positive Thinking
  • #20
  • Dec 27, 2006 2:26am Dec 27, 2006 2:26am
Will Sell Below 1.9570
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