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Trade the Slope System 453 replies

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"Trade the slope" journal

  • #61
  • Jan 1, 2008 5:20am Jan 1, 2008 5:20am
Rising Sun

Try Alan Hull MA.

Pete
  • #62
  • Jan 1, 2008 8:34am Jan 1, 2008 8:34am
Dear Pete,

My brother took the following slope trades and all were stop outs. Did he do anything wrong? Thanks, Lenoxer

Dec. 31 - Stop Outs

07:56 GBPCHF short @ 2.2432
07:57 NZDUSD long @ .7774
07:57 USDCAD short @ .9776
  • #63
  • Jan 1, 2008 10:39am Jan 1, 2008 10:39am
Stop outs
Dear Pete,

My brother took the following slope trades and all were stop outs. Did he do anything wrong? Thanks, Lenoxer

Dec. 31 - Stop Outs

07:56 GBPCHF short @ 2.2432
07:57 NZDUSD long @ .7774
07:57 USDCAD short @ .9776

I think it was more a matter of timing on the GBP/CHF..
As to the other pairs few saw that reversal coming, AND here is the biggie.... trading these last days of the year are very hazardous,...... Once the new year gets going things will return to a more normal market...... less big surprises.

So don't lose faith in the system, just us MM and wait for the next signal, and get beck in there.

This is one of the reasons people fail..... they try a new system and it fails for them almost immediately, they then think aw this is junk and move on in search of the next system, it may work for a little while then it gives them a couple losing trades and off they go again in search of.............
NO system will give you 100% winning trades, you must use discipline and STICK to the rules and use good MM. This is how you ultimately win in FX. .... JMHO

PS..... this is a very good, very simple system....... use discipline, MM, and follow the rules.
Same Whore .... Different Dress
  • #64
  • Jan 1, 2008 12:13pm Jan 1, 2008 12:13pm
Dear Johnedoe,

Thanks so much for the good comments. On another note, can someone answer my question to Pete of the other day?

'When you optimize, do you optimize the higher timeframe (like you did, say, on NZD with a setting of 20) and use that same setting for the lower timeframes or do you optimize the higher timeframe and leave the lower ones on 80?'

Thanks,

Lenoxer
  • #65
  • Jan 1, 2008 12:20pm Jan 1, 2008 12:20pm
Dear Pete and Thread,

1) You move to break even after being up 100 pips. I don't believe that was in Ematrader's original system. Did you ever think to move to BE more quickly? If so, why not? ---trying to avoid market noise?
2) Have you ever thought of using a trade filter, like, say, stochastics being in your favor before taking a trade; or, is that too complicating and subtracting from robustness?

Thanks,

Lenoxer
  • #66
  • Jan 1, 2008 1:20pm Jan 1, 2008 1:20pm
Anyone scalping with this system with success?

Thanks,

Lenoxer
  • #67
  • Jan 1, 2008 2:55pm Jan 1, 2008 2:55pm
Lenoxer,

1. I am trading off the daily TF. Any smaller SL would not give room for the trade to "breathe".

2. The system works for ME the way it is. I am not going to complicate it.


I hope this answers your question

Pete
  • #68
  • Jan 1, 2008 4:29pm Jan 1, 2008 4:29pm
Quoting PTOURNIS
Rising Sun

Try Alan Hull MA.

Pete
Thanks Pete,

Yes, I am using HMA4 indi with varied period setting on H4 for several pairs with fairly good overall results. My SL is 200 with trailing step of 1. Yours is a fixed 100 & BE +10 after 100 profit. This is the area of further study for me.

Happy pipping 2008!

Akira
  • #69
  • Jan 1, 2008 6:51pm Jan 1, 2008 6:51pm
A trailing stop might be a good one to try especialy with 100 pip breathing room.......
Same Whore .... Different Dress
  • #70
  • Jan 1, 2008 7:36pm Jan 1, 2008 7:36pm
JohnDoe,

Thanks for your input. There are Pro and Cons to both methods. I am going to stick with this one for awhile and we'll see.

Pete
  • #71
  • Jan 1, 2008 7:49pm Jan 1, 2008 7:49pm
I completely understand....like they say .... if it aint broke don't try to fix it.....
Same Whore .... Different Dress
  • #72
  • Jan 1, 2008 8:44pm Jan 1, 2008 8:44pm
Quoting PTOURNIS
JohnDoe,

Thanks for your input. There are Pro and Cons to both methods. I am going to stick with this one for awhile and we'll see.

Pete
Hi,

Where can I get the slope direction line in MT4 platform? Is it the same as HMA? What period of HMA can I use in this case as it doesn't allow for 3 values like your 80,3,0 but only 1.

Thanks.
  • #73
  • Jan 2, 2008 4:49am Jan 2, 2008 4:49am
Quote
Stop outs
Dear Pete,

My brother took the following slope trades and all were stop outs. Did he do anything wrong? Thanks, Lenoxer

Dec. 31 - Stop Outs

07:56 GBPCHF short @ 2.2432
07:57 NZDUSD long @ .7774
07:57 USDCAD short @ .9776

I think it was more a matter of timing on the GBP/CHF..
As to the other pairs few saw that reversal coming, AND here is the biggie.... trading these last days of the year are very hazardous,...... Once the new year gets going things will return to a more normal market...... less big surprises.

So don't lose faith in the system, just us MM and wait for the next signal, and get beck in there.

This is one of the reasons people fail..... they try a new system and it fails for them almost immediately, they then think aw this is junk and move on in search of the next system, it may work for a little while then it gives them a couple losing trades and off they go again in search of.............
NO system will give you 100% winning trades, you must use discipline and STICK to the rules and use good MM. This is how you ultimately win in FX. .... JMHO

PS..... this is a very good, very simple system....... use discipline, MM, and follow the rules.


I could not have said it better myself.
  • #74
  • Jan 2, 2008 4:53am Jan 2, 2008 4:53am
http://forexfactory.com/showthread.php?t=52355

JoyRider

Here it is.

Pete
  • #75
  • Jan 2, 2008 5:16am Jan 2, 2008 5:16am
I am waiting for the 4hr on some of these to change to get in. If you are following along.

Eur/USD
USD/CHF
USD/CAD
EUR/AUD this one nowhere near

30m chart on the GBP/USD
  • #76
  • Jan 2, 2008 5:55am Jan 2, 2008 5:55am
Quoting PTOURNIS
http://forexfactory.com/showthread.php?t=52355

JoyRider

Here it is.

Pete
Hi Pete,

Got it. Thanks for sharing.
  • #77
  • Jan 2, 2008 6:17am Jan 2, 2008 6:17am
Quoting PTOURNIS
I am waiting for the 4hr on some of these to change to get in. If you are following along.

Eur/USD
USD/CHF
USD/CAD
EUR/AUD this one nowhere near

30m chart on the GBP/USD
Just enter long on EU @1.4688. Not sure about the others. Have to read up the doc file in the other thread you show me. For UCad I went in long b4 seeing your reply @ 0.9890. Am using trailing stop of 15 for both. Have been on the losing side since 2 weeks past and need to watch out for margin call. Hope this method will save me tremendously (no demo, live but mini account).

Once again, thank you.
  • #78
  • Jan 2, 2008 8:14am Jan 2, 2008 8:14am
Short GBP/USD at 1.9791
  • #79
  • Jan 2, 2008 9:14am Jan 2, 2008 9:14am
Moved SL +10 on USD/JPY
  • #80
  • Jan 2, 2008 9:43am Jan 2, 2008 9:43am
Moved SL EUR/CAD to +10
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