"Trade the slope" journal | Page 11 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trade the Slope System 453 replies

Broker Challenge "NDD/STP" vs. True "ECN" and "Mkt Mkr" broker talk 46 replies

Dealing with "Invalid Price", "Requote", "Server Busy" in MT4 3 replies

Looking for the slope of a slope histogram? 0 replies

I want to understand the term "SLOPE" 5 replies

Attachments: "Trade the slope" journal
Exit Attachments

"Trade the slope" journal

  • #201
  • Jan 11, 2008 3:32pm Jan 11, 2008 3:32pm
Naija,

Have a great weekend. I will be posting my open positions with unrealized gains on my blog.

Pete
  • #202
  • Jan 11, 2008 10:30pm Jan 11, 2008 10:30pm
turn 1 to 100

i am also totrally computor illlterate so if u figure out how to attach to Metatrader pls let me know or maybe a kind soul in the forum will assist.

ta gerard

ps pete has been more than helpful and patient
  • #203
  • Edited 7:39am Jan 12, 2008 7:39am | Edited 7:39am
I have posted up to date unrealized gains on the blog. Have a great weekend eveyone.Go out and enjoy life you only have one.

Pete
  • #204
  • Jan 12, 2008 8:55am Jan 12, 2008 8:55am
Quote
turn 1 to 100

i am also totrally computor illlterate so if u figure out how to attach to Metatrader pls let me know or maybe a kind soul in the forum will assist.

ta gerard

ps pete has been more than helpful and patient

attaching Slope line direction Indicator

1. Go to the first page of the thread and download the indicator named 'Slope line Direction.mq4' and save on your hard- disk.

2. Copy the indicator to indicator folder in your broker's folder.

Example: I use FXDD broker.

the file shd be copied navigating through the folder as specified below
ProgramFiles-->FXDD Meta4-->expert--->indicator

3. Open your broker platform.

4. open currency chart of your choice

5. open the chart on daily, 4hr, 1hr and 30M time frame

6. On your navigator window, Locate custom Indicator

7. Click on the '+' sign to drop down(list) custom made indicator

8. Locate 'slope dirction line'

9. Drag and drop it on the currency charts u have chosen

10. From the pop-menu displayed as u drag and drop the indicator on your chart,change the period value to correspond with the settings that pete has on his website and click ok.

there u are trading.


If you still have any problem, PM me
  • #205
  • Jan 12, 2008 1:33pm Jan 12, 2008 1:33pm
Naija,

Thanks, your the best.

Pete
  • #206
  • Jan 12, 2008 2:41pm Jan 12, 2008 2:41pm
Pete,

You've been nice to us your students. Like how many pips do u secure in a month?

you re the better best
  • #207
  • Jan 12, 2008 5:11pm Jan 12, 2008 5:11pm
Naijafx

Many thanks i will try this week.

Gerard
  • #208
  • Jan 12, 2008 5:31pm Jan 12, 2008 5:31pm
am happy u got it
  • #209
  • Jan 13, 2008 8:48pm Jan 13, 2008 8:48pm
Thanks again Pete for starting this thread. Last week I started running this system using the daily as the main TF.

I did four trades last week all opened on Tuesday night and I closed all of them on Thursday.

EUR/USD Long +68
EUR/GBP Long +84
AUD/USD Long +136
GBP/USD Short +101

Total for the week: 389 Pips

Still trying to figure out the best way to exit when Im in the positive.

Today I opened 4 trades:

AUD/USD Long @ 0.8946
EUR/USD Long @ 1.4810
EUR/GBP Long @ 0.7564
USD/CHF Short @ 1.0998
  • #210
  • Jan 13, 2008 9:31pm Jan 13, 2008 9:31pm
Quoting araouf
Thanks again Pete for starting this thread. Last week I started running this system using the daily as the main TF.

I did four trades last week all opened on Tuesday night and I closed all of them on Thursday.

EUR/USD Long +68
EUR/GBP Long +84
AUD/USD Long +136
GBP/USD Short +101

Total for the week: 389 Pips

Still trying to figure out the best way to exit when Im in the positive.

Today I opened 4 trades:

AUD/USD Long @ 0.8946
EUR/USD Long @ 1.4810
EUR/GBP Long @ 0.7564
USD/CHF Short @ 1.0998
Araouf,

I'm also entering with just sl 100 pips and no tp. The 2 EURCHF that I went with Pete ended up in loss but it's ok. Pls continue to post your entries as sometimes we tend to miss out. Thanks.
  • #211
  • Jan 13, 2008 9:41pm Jan 13, 2008 9:41pm
Naijafx

My broker ( IG Markets ) does not allow add on,s ,can u suggest a broker which allows addition of slope indicator as per your post.

Thanks and Regards

Gerard
  • #212
  • Jan 13, 2008 11:57pm Jan 13, 2008 11:57pm
Quoting Gerard212
Naijafx

My broker ( IG Markets ) does not allow add on,s ,can u suggest a broker which allows addition of slope indicator as per your post.

Thanks and Regards

Gerard
I use FXDD & IBFX. Hope that helps.
  • #213
  • Jan 14, 2008 12:25am Jan 14, 2008 12:25am
Quoting joyrider
Araouf,

I'm also entering with just sl 100 pips and no tp. The 2 EURCHF that I went with Pete ended up in loss but it's ok. Pls continue to post your entries as sometimes we tend to miss out. Thanks.

Hi Joyrider, I didnt get the long signal for EUR/CHF trades. You might want to check your settings. Right now Im using (20, 3) for all the pairs Im trading.

Im using metatrader for the indicator and doing the trades on Oanda (demo only). Right now the four trades that I opened today are all in the positive for a total of about +100 pips. Not sure why, but they all suddenly shot into profit. EUR/USD alone is up 50pips.

Btw Im not trading any yen or cad pairs with this system since I find that they range too much or are too unpredictable.
  • #214
  • Jan 14, 2008 1:44am Jan 14, 2008 1:44am
Quoting araouf
Hi Joyrider, I didnt get the long signal for EUR/CHF trades. You might want to check your settings. Right now Im using (20, 3) for all the pairs Im trading.

Im using metatrader for the indicator and doing the trades on Oanda (demo only). Right now the four trades that I opened today are all in the positive for a total of about +100 pips. Not sure why, but they all suddenly shot into profit. EUR/USD alone is up 50pips.

Btw Im not trading any yen or cad pairs with this system since I find that they range too much or are too unpredictable.
Those are the earlier ones, not today's. Yeah, mine also positive. Great system.
  • #215
  • Jan 14, 2008 4:04am Jan 14, 2008 4:04am
Closed two trades:

EUR/USD + 87
USD/CHF + 91

I closed them since price for both had almost reached key levels. 1.4900 for the Euro and 1.0900 for USD/CHF.

Still open:

EUR/Gbp +24
AUD/USD +31

Total this week: 178

MTD: 567 PIPS
  • #216
  • Jan 14, 2008 4:40am Jan 14, 2008 4:40am
Moved SL for:

NZD/USD +100
AUD/USD +100
USD/JPY +100
USD/CHF +100
  • #217
  • Jan 14, 2008 4:44am Jan 14, 2008 4:44am
Gerard,

You could download the free version and just place trades through your broker only. It is one more step but then you would be able to use the system.

Pete
  • #218
  • Jan 14, 2008 8:15am Jan 14, 2008 8:15am
Short Eur/Chf at 1.6247
  • #219
  • Jan 14, 2008 11:08am Jan 14, 2008 11:08am
Short Aud/Nzd at 1.1364
  • #220
  • Jan 14, 2008 3:28pm Jan 14, 2008 3:28pm
Eur/chf Short @ 1.6244
Gbp/usd Short @ 1.9566
0 traders viewing now