PowerSM Semi-Martingale EA

Aww bless!

Well actually I've used the EA from FXTradePro last year and had once a trade which went past progression level 21 in the EUR/JPY. So yes, it's not for the faint hearted.

Regards - Xaron

BTW: I think FXTradePro's "Lucky 7" setup is really great. The progression ends at level 7 but you use a SL of 30 and a TP of 120. The loss after 7 levels is only 2.5 times higher than the win you can create (you get $1,000 on level 7 and can lose $2,500). That's great for such a semi-martingale approach - at least compared to the 24 level progression thing.

Regards - Xaron

I have heard of that progression... but haven't seen it... can you post the lots sizes? an the 30/120 is just for the EJ correct?

Thanks!!

Progression: 0.19; 0.24; 1.05; 1.31; 1.64; 2.05; 2.56

This should work with the cable and GBP/JPY as well. The SL/TP ratio has to be 1:4 as usual, so 20/80 or 30/120 or 40/160...

10/40 is too tight to use it with 4 levels only.

Regards - Xaron

If anyone is interested in my "Lucky 7" Set-Up. Please contact me privately and I will direct you to some FREE information on the subject.

Dan

Dan, it's very nice to see you here again! I have to thank you for all your effort you've done and I hope you're doing well!

OT: Is there a reason why your forum is read only now? There were some really nice threads last year...

Regards - Xaron

Hi Xaron...........All is quite well with me. Thanks for asking. The Forum has become "read-only' primarily because interest in the ideas presented was not as strong as I had hoped. It seemed to me that MOST people wanted all the answers handed to them and did not really want to learn to trade the method without me telling them EXACTLY what to do. At one point I actually closed the Forum, however, there were and still are several Members that are actively Trading the method. These people asked me to keep things running so that they could reference the materials whenever they wanted to. I agreed and still offer support via email for the SERIOUS Trader.

Please feel free to keep in touch.

Regards,

Thanks Xaron & FXTP.... Xaron, are you trading on a time start?

It depends. You just need volatility. Due to the higher stop (30 pips) you don't switch the position so often.

I think the best would be to use a high volatile session like London combined with a support/resistance.

Regards - Xaron

Hey everyone, I know it's a little off topic but I've posted my PowerSwing strategy in the Trading Systems forum if anyone has an interest. This is my primary system I trade and will be trading the EA along side this strategy as a supplemental trading account.

Thanks for sharing the other strategy! It's too complicated for me. That doesn't mean that it don't work, but it's not for me.

BTW: I've started to code my own progression EA. I'd like to add something like a breakout OCO (once cancels the other) order. So you can set 2 price levels above and below the current price where the progression shall start. If one of the orders got filled the other will be removed.

Regards - Xaron

Great idea Xaron, let us know how it works out.

My Eur/Usd closed out around 3:30 a.m. est. but the other two are still going probably due to the big early run up around 00:00 GMT which exhausted itself at our time of entry. I will update you later.

My Usd/Jpy and Usd/Chf have went past there end times and will restart tomorrow morning.

Yep, I'll post the EA here if it's ready. This will take some time. I'm a professional programmer but have only limited time...

If you have any ideas you want to have build in, please let me know.

Regards - Xaron

Hey Mer, yep gotta make time for love and peace! lol!
thanks for that forexmoments, we do feel really blessed!

Okay, back to this exciting strategy...

I did not take any trades this morning London, so will see if I can justify entry tomorow! Happy trading everyone!

Amen brother, that's why after trading intraday for 8-10 months straight with 3-4 hours sleep I had to change to something different to get the time to do things with the family.

I just skimmed through your swing system right now for the 1st time and trying to wrap my grey matter around it! Sounds really interesting though!

I will give it a more in-depth look and possibly demo try tomorow! Thanks for posting it! I may post over there as well!

P.S. You're not the only one! Its a wonder I haven't burned my retinas out gazing at charts the last 3 years I've been trading!

feel free to try it out because it works out great for me because I run a business during the day and this systems makes it so much easier for me to free up time. Any questions about it just let me know .

Good morning everyone, here are the results for 4/8/2008. Eur/Usd closed out like normal but then I encountered another glitch with Usd/Jpy and Usd/Chf. When the EA hit the end time and finished up trading on both pairs, I turned off my computer to do some maintenance on it and then I restarted it before the EA was to re-enter trading at the start time. It did not start where it left off but started a fresh sequence from .1 lots instead . I've e-mailed my coder to see if there are any resetting issues to be dealt with and will let you all know. I guess that's why they call it testing, right .