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"Trade the slope" journal

  • #1
  • First Post: Edited Feb 27, 2008 4:38am Dec 25, 2007 10:43am | Edited Feb 27, 2008 4:38am
I am starting this journal to track my trades based on the "Trade the slope" method. Current Open positions

Long USD/JPY +254
Long USD/CHF +217
Short GBP/USD +376
Long EUR/GBP +82
Short EUR/CAD +145
Long AUD/USD +37
Short EUR/AUD +47

MTD (Dec) Closed Positions +185


PT
Attached File(s)
File Type: mq4 Slope Direction Line.mq4   4 KB | 1,517 downloads | Uploaded Jan 8, 2008 4:24am
  • #2
  • Edited 9:17pm Dec 25, 2007 1:22pm | Edited 9:17pm
I came in from the main thread. looks very solid. looks like you have expanded the system to use a lot of pairs - how do you organize your MT4 windows? congrats on your success. also, i am still seeing red on the AUDUSD daily slope yesterday, when you went long. Was yours green, or did you use a different method to enter long?
  • #3
  • Dec 25, 2007 2:25pm Dec 25, 2007 2:25pm
Best of luck to you Ptournis. I hope everything works great for you!
I dream, therefore I become.
  • #4
  • Dec 25, 2007 2:58pm Dec 25, 2007 2:58pm
Hi

Wish you all the best in your journal, a very good method and am keenly following your trades, and my guess is that you are using the daily or 4hr charts for the trades, do let us know

imran
  • #5
  • Dec 25, 2007 3:16pm Dec 25, 2007 3:16pm
Long-time reader...first time poster.

Very intrigued by this strategy.
But can you talk me through your entry and exit strategy?
For example, when you sit down at your computer and look at the chart, and see that EUR/GBP has been uptrend for a few days (daily chart) but is currently downtrend on the 4 hour, do you stay out until you see uptrend on the 4 hour and hourly? Or what is your decision process?

Then, once you're in the trade, what signals do you look for to get out? Are you waiting for the 4 hour or daily to turn...ignoring the fluctuations in the hourly?

Thanks in advance....I really appreciate you posting your progress in this journal.
  • #6
  • Dec 26, 2007 3:18am Dec 26, 2007 3:18am
Happy to be part of this venture, too. Best to all.

Lenoxer
  • #7
  • Dec 26, 2007 4:13am Dec 26, 2007 4:13am
I am long AUD/USD
Attached Image
  • #8
  • Dec 26, 2007 4:17am Dec 26, 2007 4:17am
Bobcat,

I follow the rules of the system. I wait until all colors of the indicator are the same. Time frames 30m, 1hr, 4 hr, daily. That's it. I check it a couple times a day. If I miss entry by 30-40 pips, so what. I am looking for the bigger trend. I place a 100 SL when I open the trade for most cases. I move to+10 when I am up 100 pips and move it up by 100 for evey 100 pip move.

PT
  • #9
  • Dec 26, 2007 8:29am Dec 26, 2007 8:29am
Quoting PTOURNIS
Bobcat,

I follow the rules of the system. I wait until all colors of the indicator are the same. Time frames 30m, 1hr, 4 hr, daily. That's it. I check it a couple times a day. If I miss entry by 30-40 pips, so what. I am looking for the bigger trend. I place a 100 SL when I open the trade for most cases. I move to+10 when I am up 100 pips and move it up by 100 for evey 100 pip move.

PT
Thanks for your help. It's beginning to make sense to me.
What is your exit strategy? Do you look for the trend to reverse on any particular time frame? Are you waiting for it to reverse on all time frames?
Thanks again.
  • #10
  • Dec 26, 2007 10:25am Dec 26, 2007 10:25am
Hi PTOURNIS,

Wish you all the best....What is your settings for the Slope Direction Line.

Many thanks

Billser


Quoting PTOURNIS
Bobcat,

I follow the rules of the system. I wait until all colors of the indicator are the same. Time frames 30m, 1hr, 4 hr, daily. That's it. I check it a couple times a day. If I miss entry by 30-40 pips, so what. I am looking for the bigger trend. I place a 100 SL when I open the trade for most cases. I move to+10 when I am up 100 pips and move it up by 100 for evey 100 pip move.

PT
It's All About Attitude ...
  • #11
  • Dec 26, 2007 1:32pm Dec 26, 2007 1:32pm
My setting are (80,3,0).


I have stated my exited strategy. I wait until SL gets hit.

Pete
  • #12
  • Dec 26, 2007 2:35pm Dec 26, 2007 2:35pm
PTOURNIS,

Which broker do you use? I use IBFX and my Slope Indicator (80,3,0) looks very different from yours.

Thanks

Billser

Quoting PTOURNIS
My setting are (80,3,0).


I have stated my exited strategy. I wait until SL gets hit.

Pete
Attached Image (click to enlarge)
Click to Enlarge Name: slope.gif Size: 27 KB
It's All About Attitude ...
  • #13
  • Dec 26, 2007 2:43pm Dec 26, 2007 2:43pm
This is what the 30,3,0 settings look like...
Attached Image (click to enlarge)
Click to Enlarge Name: slope3030.gif Size: 27 KB
It's All About Attitude ...
  • #14
  • Dec 26, 2007 4:30pm Dec 26, 2007 4:30pm
Long AUD/NZD at 1.1398


Setting used for this trade (20,3,0)
  • #15
  • Dec 26, 2007 5:52pm Dec 26, 2007 5:52pm
Quoting PTOURNIS
Long AUD/NZD at 1.1398


Setting used for this trade (20,3,0)
Why do you change the settings? And how do you know what to change them to?
  • #16
  • Dec 26, 2007 7:58pm Dec 26, 2007 7:58pm
Look at the chart. It is self explanatory.
Attached Image
  • #17
  • Dec 26, 2007 8:29pm Dec 26, 2007 8:29pm
Sorry PTOURNIS.....I must be missing something.
Would you mind explaining to me why you change the settings? And how you decide which settings to change them to?
Unfortunately it's not self-explanatory to me.
Thanks.
  • #18
  • Dec 27, 2007 4:08am Dec 27, 2007 4:08am
SL hit for GBP/USD +300

The indicator fits the movement better.
  • #19
  • Dec 27, 2007 4:15am Dec 27, 2007 4:15am
MTD for Dec +485
  • #20
  • Dec 27, 2007 6:17am Dec 27, 2007 6:17am
Quoting PTOURNIS
SL hit for GBP/USD +300

The indicator fits the movement better.
Don't you mean Take Profit (TP) hit for +300.???

COTtrader
"Ken"
Decisions Determine Destiny -
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