ACD Method on GBP/JPY One trade a day | Page 16 | Forex Factory

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ACD Method on GBP/JPY One trade a day

  • #301
  • Jan 27, 2008 12:11pm Jan 27, 2008 12:11pm
Quoting trading4x
what is the break down for the last 2 weeks? are you doing this demo or real? when u do this method do u take a look at any other S/R area or just the time frame u mentioned?
Here are my results so far
Week 1 +355
Week 2 +195
Week 3 -21
week 4 +302
week 5 -149
Week 6 -24
Week 7 -57
Grand total so far= +601

These results are from a real account as I said in my first post on this thread
demo trading is a waste of time.
In my opinion a demo account is only supposed to be used to try out the brokers platform to see if it suits you or you like it or not.
The reason I say this is because there is no emotion involved in demo trading. When its live its a totally different ball game.
The more I wait the more I make
  • #302
  • Jan 27, 2008 1:04pm Jan 27, 2008 1:04pm
I have had mixed results for a few weeks now and it is partly due to the fact that I have lacked consistency with my exit strategy for my trades.
As a result I have not been trading too much but I have had a lot of time to think of a good exit strategy for my trades. What I have come up with I think will stand by me better in both ranging and trending days and give me hopefully a more slow but consistent steady winning P&L curve

This is how I will be exiting my trades from now on...

From Jan 28 I will close half my lot size if my position from an A up or A down trade reaches 50 pips and I will then move my stop to break even.
I will look at the position again at London close and reassess whether I will close the second half of the trade then or let it run on until NY close.

If I take failed A up or failed A down I will enter with double my usual lot size. I will then close half the lot size when I make at least the amount of pips to which I am risking with my stoploss. I will NOT put my stop to break even but I will leave it where it originally was. The reason for this is quite often failed A's can revisit and bounce back off the A up or A down line numerous times before it finally takes off. I will then let the other half run until it reaches the other A point and try and judge whether or not to close it or let it run until the end of London or NY close.
The more I wait the more I make
  • #303
  • Jan 28, 2008 1:33am Jan 28, 2008 1:33am
Just sold at 210.59 on retrace as it hit the A down line.
Stop 211.20
The more I wait the more I make
  • #304
  • Jan 28, 2008 3:06am Jan 28, 2008 3:06am
stopped out for a loss of -64 pips
The more I wait the more I make
  • #305
  • Jan 28, 2008 6:11am Jan 28, 2008 6:11am
We could be looking at C up...
  • #306
  • Edited 2:04pm Jan 28, 2008 8:23am | Edited 2:04pm
I took that A Up at 211.92. (double lot size)
Didn't post it until now as I was watching it to close out the first half at 212.42 for +50 pips. i can't seem to take my eyes off the screen when I go in with double my lot size.

My stop for the second lot is at b/e.

Its traveling well.
lets hope for a big move here
The more I wait the more I make
  • #307
  • Jan 28, 2008 8:25am Jan 28, 2008 8:25am
Quoting donagh_1
I took that A Up at 211.92. (double lot size)
Didn't post it until now as I was watching it to close out the first half at 211.42 for +50 pips. i can't seem to take my eyes off the screen when I go in with double my lot size.

My stop for the second lot is at b/e.

Its traveling well.
lets hope for a big move here
Look carefully to see the end of this move around 213.98. Just my opine.

EDIT: Sorry, I meant 212.93 - 98
  • #308
  • Jan 28, 2008 11:01am Jan 28, 2008 11:01am
Quoting donagh_1
I took that A Up at 211.92. (double lot size)
Didn't post it until now as I was watching it to close out the first half at 211.42 for +50 pips. i can't seem to take my eyes off the screen when I go in with double my lot size.

My stop for the second lot is at b/e.

Its traveling well.
lets hope for a big move here
well I got stopped out of the second lot but I lost nothing and made +50 pips on the first lot.

Im very happy about that, at least my new exit trade strategy is saving me money.

so just -12 pips for the day
The more I wait the more I make
  • #309
  • Jan 29, 2008 1:19am Jan 29, 2008 1:19am
Looks like we had a bit of a valid failed A up but I didn't take it as I was up about 10 minutes too late. If I was to get in now, I wouldn't get very good value.

I hope It turns around for an A up.
The more I wait the more I make
  • #310
  • Jan 29, 2008 1:40am Jan 29, 2008 1:40am
Failed A up
sold at 212.14 stop at 212.27
The more I wait the more I make
  • #311
  • Jan 29, 2008 2:01am Jan 29, 2008 2:01am
Oh well stopped out for a small loss of -15 pips.

but I'm glad I took it as I have missed a lot of really good failed A's in the past. I need to get into them quicker and right at the A line so I risk less and can close half the position quicker.

They do take a lot of practice.
The more I wait the more I make
  • #312
  • Jan 29, 2008 2:07am Jan 29, 2008 2:07am
Quoting donagh_1
Oh well stopped out for a small loss of -15 pips.

but I'm glad I took it as I have missed a lot of really good failed A's in the past. I need to get into them quicker and right at the A line so I risk less and can close half the position quicker.

They do take a lot of practice.
A Darn!
looks like my stop was too tight by 1 or 2 pips. I would have just closed out half that position at 212.00. errrrrgggghhh!!

I'm very annoyed at that because I was wondering at the time I was in the trade if I should put the stop up 3 pips to 212.30
The more I wait the more I make
  • #313
  • Jan 30, 2008 1:51pm Jan 30, 2008 1:51pm
hi.

i did not read the entire thread because i was only searching in the forum if there was someone trading the ACD sytem as i am reading the book now.

i have the indicators posted by JodyOng in another thread but there are others indicators used with the other systems of the book.

anyone here have these indicators? or coulde someone code they please?

and another question, with North Finance MT4 what shoulde be the start range?

thanks in advance.
  • #314
  • Jan 30, 2008 4:30pm Jan 30, 2008 4:30pm
i found (at SBFX)ACD 4 wich is the MAs (i din't read the chapter that discuss it yet)

i think the number line (plotting the score with todays activity too) is very important...as the long term pivot range. And i still in the first half of the book.
Attached File(s)
File Type: mq4 ACD_4.mq4   2 KB | 502 downloads
  • #315
  • Feb 3, 2008 2:10pm Feb 3, 2008 2:10pm
Quoting giraia_br
i found (at SBFX)ACD 4 wich is the MAs (i din't read the chapter that discuss it yet)

i think the number line (plotting the score with todays activity too) is very important...as the long term pivot range. And i still in the first half of the book.
Hi
Thanks for the indicators.
I don't use these for my system but It's good to have them.

Hope you enjoy the book and get something from it.
I have had generally good results with this system but
I am going through a bit of a patchy period at present as I have not perfected my system yet.
I post all my trades here so if you are thinking of using a ACD system
this thread may be of some help to you. I do not code so I cant help you there.
cheers

Donagh
The more I wait the more I make
  • #316
  • Feb 3, 2008 2:20pm Feb 3, 2008 2:20pm
I was In portugal last week from Wednesday until this evening for a little holiday break with the wife.

I don't think I missed anything too good except for the failed A up on friday which eventually gave 300+ pips. Whether I would have taken that trade or not I can't say for sure but I definitely have been trying harder with the failed A trades lately so I'd like to think I would have taken it.

But anyway I was wondering if anyone could write an EA for the daily pivot

this is the computation for it...


http://www.mbfcc.com/images/formula.gif
It would be a really great help if someone could do this please.
The more I wait the more I make
  • #317
  • Feb 3, 2008 2:42pm Feb 3, 2008 2:42pm
I have a question for anyone who knows MT4.

How do you scroll back on a chart into history so that it dosen't snap back to the present all the time.

Sometimes it doesn't and somtimes it does and It really recks my head when I'm trying to do a bit of back testing.

If anyone knows what I'm talking about
please tell me you know how to fix it.
The more I wait the more I make
  • #318
  • Feb 3, 2008 3:13pm Feb 3, 2008 3:13pm
Quoting donagh_1
I have a question for anyone who knows MT4.

How do you scroll back on a chart into history so that it dosen't snap back to the present all the time.

Sometimes it doesn't and somtimes it does and It really recks my head when I'm trying to do a bit of back testing.

If anyone knows what I'm talking about
please tell me you know how to fix it.
Just press this button, so it is off. It is the AutoScroll button.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_056.gif Size: 25 KB
  • #319
  • Edited 5:08pm Feb 3, 2008 4:33pm | Edited 5:08pm
Quoting donagh_1
I was In portugal last week from Wednesday until this evening for a little holiday break with the wife.

I don't think I missed anything too good except for the failed A up on friday which eventually gave 300+ pips. Whether I would have taken that trade or not I can't say for sure but I definitely have been trying harder with the failed A trades lately so I'd like to think I would have taken it.

But anyway I was wondering if anyone could write an EA for the daily pivot

this is the computation for it...


http://www.mbfcc.com/images/formula.gif
It would be a really great help if someone could do this please.
Here you go. I think this is what the book says (Page 38) for the pivot Range

If you do not want the actual pivot line (Green) to show, just select NONE for the color.
Attached File(s)
File Type: mq4 ACDPivotRange.mq4   3 KB | 517 downloads
  • #320
  • Feb 3, 2008 5:13pm Feb 3, 2008 5:13pm

Scott!
You are a legend!

Thank you very much for both of them requests.

My God you were fast with that EA.

Cheers,

Donagh
The more I wait the more I make
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