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the key to the mint

  • #821
  • Dec 20, 2007 2:36am Dec 20, 2007 2:36am
Hi Harold,

just a question. Today there is many valid signals (long cadjpy, short surcad,eurjpy,gbpchf,gbpjpy,gbpusd).

Let's say at 11:00 you get 2 signals on the 1 hr, short eurjpy and short gbpjpy.

How do you handle this in means of MM, do you take both trades with your usual risk per trade so in fact you have "double risk" (let's say 8% total) or do you trade lover lots when you have 2 positions on so you risk never gets to high, if the 2 trades loose?

Thank's in advance,

PC
Less is more...
  • #822
  • Dec 20, 2007 3:20am Dec 20, 2007 3:20am
Quoting fxshadow
I still can't get the arrows to show.

You will never see the arrows, unless mikep's indicator can actually find the dinapoli indicator.

Right now Mike's indicator is looking for the EXACT name of the dinapoli that I posted to this thread here.

http://www.forexfactory.com/showpost...&postcount=510

(The dinapoli ind. on the first post of this thread is INCORRECTLY named.)

So either rename the dinapoli that you already have or download the one that I posted.
  • #823
  • Dec 20, 2007 4:05am Dec 20, 2007 4:05am
Hello all, it seems that this thread has evolved since my last post. Anyhow, today's trades have been good. Short on G/U, G/CHF, G/J and E/J. I am using Alpari to trade so the chart information may be different from others.

As you can see, G/U, G/J, and E/J will give you 50 pips each, and G/CHF a bit less due to Stoch crossing (30 to 40 pips) making a total of a huge total of nearly 200 pips. Some of you might have entered earlier than 0600 GMT to grab extra pips. Some traders would probably have used trailing profits, a fixed TP or another indicators to exit. It all comes down to one thing ~ it's your choice. As for me, I couldn't watch the market for the whole time so I set my TP at 10 pips on all 4 pairs and now I have 40 pips in total. I hope the rest of you have grabbed the pips as well using this fantastic method.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU.GIF Size: 15 KB
Click to Enlarge Name: GC.GIF Size: 13 KB
Click to Enlarge Name: GJ.GIF Size: 13 KB
Click to Enlarge Name: EJ.GIF Size: 13 KB
  • #824
  • Dec 20, 2007 4:12am Dec 20, 2007 4:12am
Quoting bunjow
You will never see the arrows, unless mikep's indicator can actually find the dinapoli indicator.

Right now Mike's indicator is looking for the EXACT name of the dinapoli that I posted to this thread here.

http://www.forexfactory.com/showpost...&postcount=510

(The dinapoli ind. on the first post of this thread is INCORRECTLY named.)

So either rename the dinapoli that you already have or download the one that I posted.
Thanks! That worked.
  • #825
  • Edited 7:16am Dec 20, 2007 7:00am | Edited 7:16am
morning all well someone had to have made some money last night it looked like santa trimming the tree with pips lol, choices, choices ,choices . let me clear up 1 thing the close of the 600gmt means just that when that candle closes from then on i look for signals. what i do when i get 5 signals and 1 of them is gbpjpyis i take 2 and go for 25 pips each the other in this case is eurjpy for obvious reason because yen is strengthening so i was able to grab 50 last night total back to 145 pips for week some may ask why dont i go for more well if someone could come up with some magical indicator to show that the price wont snap back i am all ears but to capture 50 pips for a day is fine with me
  • #826
  • Dec 20, 2007 7:25am Dec 20, 2007 7:25am
hi mr tomd do you live in ny and welcome team alphid its an honor to see you looking at this thread
  • #827
  • Dec 20, 2007 7:34am Dec 20, 2007 7:34am
harold4x... No, Mass.
  • #828
  • Dec 20, 2007 7:35am Dec 20, 2007 7:35am
oh i use to vacation every yr at boltons landing in ny thought it same place
  • #829
  • Dec 20, 2007 8:18am Dec 20, 2007 8:18am
Hi Harold,

Just finished reading all posts. Very good work. Congratulations.

Best Regards,
Team Aphid

Quoting harold4x
hi mr tomd do you live in ny and welcome team alphid its an honor to see you looking at this thread
  • #830
  • Dec 20, 2007 8:22am Dec 20, 2007 8:22am
thanks, much appreciated
  • #831
  • Dec 20, 2007 8:27am Dec 20, 2007 8:27am
It may be advisable to check correlations between 6 pairs Harold4x recommends to trade should you get signals from multiple pairs at the same time.

Best Regards,
Team Aphid


Quoting harold4x
what i do when i get 5 signals and 1 of them is gbpjpyis i take 2 and go for 25 pips each the other in this case is eurjpy
  • #832
  • Dec 20, 2007 8:31am Dec 20, 2007 8:31am
well put if multable signals given go with correlation example: gbpjpy and eurjpy ( go in direction of jpy here) or cadjpy and eur cad (thats is go in direction of cad here)
  • #833
  • Dec 20, 2007 8:48am Dec 20, 2007 8:48am
well thats it for me today even though i have posted trading is until 1800 gmt it does not mean i have to trade till then that is totally discretional usually by 1500 - 1600 i am finished for the day trading seems to die down so maybe i should change it so newcomers wont think they have to put on trades during lower volume anyway have a good day
  • #834
  • Dec 20, 2007 8:57am Dec 20, 2007 8:57am
Quoting harold4x
morning all well someone had to have made some money last night it looked like santa trimming the tree with pips lol, choices, choices ,choices . let me clear up 1 thing the close of the 600gmt means just that when that candle closes from then on i look for signals. what i do when i get 5 signals and 1 of them is gbpjpyis i take 2 and go for 25 pips each the other in this case is eurjpy for obvious reason because yen is strengthening so i was able to grab 50 last night total back to 145 pips for week some may ask why dont i go for more well if someone could come up with some magical indicator to show that the price wont snap back i am all ears but to capture 50 pips for a day is fine with me
you say that when the 1am candle closes, from then you look for signals. if you know for certain would you enter a trade immediately when the 2am candle opens or do you observe, then enter? For example i entered a short on the eur/cad when the 4am candle opened and as a result i got stopped out. your thoughts please.
  • #835
  • Dec 20, 2007 9:05am Dec 20, 2007 9:05am
not quite understanding you when the 600gmt candle closes thats on ibfx when it closes you look for signal heres a chart to show you now there was asignal after that that ended up a loser but 2 candle latter a signal to reenter came which was a winner i was already in and out of gbpjpy and eurjpy trade
Attached Image (click to enlarge)
Click to Enlarge Name: 1.JPG Size: 97 KB
  • #836
  • Dec 20, 2007 9:08am Dec 20, 2007 9:08am
while all of this talking i didnt mention there was a signal on gbpchf 8 minutes ago that would have given you another 30 pip win
  • #837
  • Dec 20, 2007 10:39am Dec 20, 2007 10:39am
finished reading this post, only one word, 'GREAT'
  • #838
  • Dec 20, 2007 4:35pm Dec 20, 2007 4:35pm
Hi Harold, I've been following your thread since the beginning and demo trading the mint and it's going great! One question though. After the close of the 6 gmt candle do you immediately take a trade (assuming all 3 criteria are met) even if the initial signal came prior to the close of 6 gmt? Example, at the most recent close of 6 gmt the criteria was in place for a short on GBP/JPY but the initial signal (stochs and MA's crossed) back at the 4 gmt candle. Do you take the short at the close of the 6 gmt anyway?
  • #839
  • Edited 9:29pm Dec 20, 2007 6:57pm | Edited 9:29pm
Hi all. I have had an EA written for "most" of this system, but need a couple of folks to help me and H4X test it. Here are the "rules":!!

1. This will be a "demo" version, will only work on a demo account, so you will need a demo account to put this on.

2. Put on at least 4 pairs.

3. Report daily to me via PM on it's operation....

4. You have to be COMPLETELY versed in EA operation and setup.. (you need to know how to check the journal, how to get to and email the logs if we need them, make screenshots, etc....)

5. This would be for forward testing, for functioning only.. not interested in back testing...

If you can do that for us, it would be a great help. I will send a pdf manual explaining how the EA operates (or is supposed to operate!!) We will need to test not only the system logic, for both long and short trades, but a breakeven stop function, and a trailing stop function. I have been testing for a few days already, and all looks good... except some trouble on the IBFX platform?!?! maybe...

Anyway, if you are interested, PM me and we can go from there.

Once I get two folks, I will be deleting out this post....
  • #840
  • Dec 20, 2007 8:40pm Dec 20, 2007 8:40pm
Quoting mrkam
Hi all. I have had an EA written for "most" of this system, but need a couple of folks to help me and H4X test it. Here are the "rules":!!

1. This will be a "demo" version, will only work on a demo account, so you will need a demo account to put this on.

2. Put on at least 4 pairs.

3. Report daily to me via PM on it's operation....

4. You have to be COMPLETELY versed in EA operation and setup.. (you need to know how to check the journal, how to get to and email the logs if we need them, make screenshots, etc....)

If you can do that for us, it would be a great help. I will send a pdf manual explaining how the EA operates (or is supposed to operate!!) We will need to test not only the system logic, for both long and short trades, but a breakeven stop function, and a trailing stop function. I have been testing for a few days already, and all looks good... except some trouble on the IBFX platform?!?! maybe...

Anyway, if you are interested, PM me and we can go from there.

Once I get two folks, I will be deleting out this post....

thanks for the effort...i know there are many of us looking forward to it...sorry i cant help have no computer programming skills but ... can i suggest that you make an indicator that give alerts rather than ea that trades....many of us like to use dicretion..... just a thought.... thanks again for your kind consideration.... I hope you post this on this thread for all to benefit from when you are finished...very cool system here....
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