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ATP (Advanced Trading Philosophy): 3+1=WIN

  • #161
  • May 15, 2008 6:05pm May 15, 2008 6:05pm
I haven't really looked to close, ie. backtesting, but it looks like on gbp/jpy and gbp/chf I would have been better off entering at market on the close of the signal candle as opposed to stop orders. That, or maybe the stops need to be wider, but wide stops scare me. If we can have confidence in the signal then a market price entry should be ok. maybe even a limit order to allow for some daily retracement. I will try to look closer at it when I can but I'm in the middle of remodeling my kitchen. Priorities!

dave
Is it Break Time yet?
  • #162
  • May 15, 2008 8:13pm May 15, 2008 8:13pm
Quoting dkhinckley
I haven't really looked to close, ie. backtesting, but it looks like on gbp/jpy and gbp/chf I would have been better off entering at market on the close of the signal candle as opposed to stop orders. That, or maybe the stops need to be wider, but wide stops scare me. If we can have confidence in the signal then a market price entry should be ok. maybe even a limit order to allow for some daily retracement. I will try to look closer at it when I can but I'm in the middle of remodeling my kitchen. Priorities!

dave
Hey Dave...I think that you bring up a valid point. I will look into this.

As to our S/L, I really don't think making it bigger is a good idea. we want our T/P more than our S/L and maybe if it appears profitable as you suggested, we may be able to actaully take more in profit while leaving our S/L at 100 pips.

I also have an idea that will bive us a lot more pips as well which I will also give out tonight. We will make more pips with this method than I have ever seen. Please don't get discouraged by the few losses we have encountered. Our wins greatly will outplay our losses.

So lets pursue your idea and see where it gets us and later I will give you my other option with BST-D1
"Keep your eyes on the helpers" - Mr. Rogers
  • #163
  • May 15, 2008 8:20pm May 15, 2008 8:20pm
Hello everyone...here is tonights updates and trades....

ATP 3+1=WIN is all set to go. I don't see any reason to make any changes to this strategy. It is a very valuable long term strategy with very little DD as far as I could see. All I want to do yet is add the rest of the pairs that I was not trading before. Enjoy this and I will someday make a .pdf file with the rules in one place, but for now I will leave it as it is and you all can ask questions here.

BST-H4: Although I have not put in the necessary time to find the code here, I am not going to pursue this any longer on the H4 TF at the moment for any pair.

BST-D1 is one of the greatest short term strategies I think that I have ever seen. Backtesting has shown phenominal results and I have no doubt that the future here is very bright. I have been working on some update rules regarding this and Dave has brought up an idea that is worth pursuing.

Stay well, do good work and keep in touch.

Trade updates 05/16/08:

ATP 3+1=WIN

AUD/USD: Today there is no Actions.

EUR/USD: Today there is no Actions.

NZD/USD: Placed a short pending order on 5/9/08 @ .7688. This trade triggered on 5/9/08. Until I have five closed bars, I will leave the S/L setting at 250 pips.

USD/CHF: Today there is no Actions.

USD/JPY: Today I have placed a pending Long Trade with a 375 pip S/L

USD/CAD: Today there is no Actions.

EUR/CHF: Today I have placed a pending Long Trade with a 375 pip S/L

EUR/GBP: Today there is no action.

GBP/USD: Today the S/L stay's where it is. As we have a new low based on close of 5/14/08, we will not move the S/L again until the pirce closes below this low. On 05/08 I Placed my ATP Pending order short @ 1.9501 with a 300 pip S/L and no T/P. The order that I placed on 5/5 has triggered and is past the 5th closed day since this trade triggered. I will leave my S/L at 375 pips until a candlestick closes beneath the bar that closed on 5/9/08 since this is the lowest low.

EUR/JPY: I placed a Pending Long trade at 162.93 with a 375 pip S/L. This trade has tirggered and needs to turn around and head back up.

EUR/CAD: I know that I said we should stand down on EC, but the market has been ranging for too long and so placed the order today Short at 1.5388 with a 375 pip S/L. This trade is still pending.

GBP/JPY: Today there is no action

GBP/CHF: Today there is no action

BST-D1

GBP/JPY: Open trade hit our S/L. Today I have place a short at 203.07 (based on updated rules given after this post) with a 150 T/P, 100 S/L and a 100 T/S. Total pips are (-86 )

GBP/CHF: The trade is now open. We will also place an additional long order at 2.0589 with at 150 T/P, 100 S/L and a 100 T/S. Our 1st trade hit our S/L and our 2nd trade is open. I will also place a short trade today with the same settings. Total pips (-100)

EUR/JPY: This trade hit our S/L. I will also be looking to get us in this a little earlier as well. Watch for updates Total pips (-100)
"Keep your eyes on the helpers" - Mr. Rogers
  • #164
  • May 16, 2008 7:04pm May 16, 2008 7:04pm
I am doing some very thourough manual backtesting of the BST-D1 system for GCHF, GJ and E,A to start with, back to 2007 because that is when the large daily movements became in option.

I am puting in about 7 different scenarios to come up with what has worked best since then. This will take me a lot of time because for each day, I am then switching to H4 and H1 to see price action to get an accurate pip count.

I have started with GCHF and am hoping to have it done by the end of the weekend.

Currently am through the middle of Feb. 2007

This strategy is too good for hardly any work to not put the time into it.
"Keep your eyes on the helpers" - Mr. Rogers
  • #165
  • Edited 7:49pm May 17, 2008 8:13am | Edited 7:49pm
Hello everybody......

I know that I am going to get some flack for this one, but I think that I am going to trade BST-D1 using the Binary Equation Spreadsheet. I am not allowed to give this spreadsheet out as it is a proprietary item (i think, maybe I am wrong), but a little searching around and you should be able to find it. Please don't PM me and ask me where to get it because I don't remember anymore.

Please note that I will not be using the Binary Equation Strategy, but only the Binary Equation Spreadsheet. For those of you who have it, I think that this method will work wonderful with it. With little DD and very few losing trades before you reach 2 in a row.

From this point on, I will no longer be posting my DST-D1 trades as without the spreadsheet, these trades will probably not work for you. I will however post my monthly results so you can see for yourself how well this works.

Here is how I will trade this.

Indicator:
Attached File(s)
File Type: mq4 MACD_OsMA_4ColorLH.mq4   5 KB | 469 downloads


Indicator Settings Change:

  1. In colors section, change switch Red with Maroon and vice versa.
  2. FastEMA=3
  3. SlowEMA=5
  4. SignalsSMA=5

Entering Trades:

Always place your pending orders 1 pip + spread above the high of the current closed bar or 1 pip below the low of the current closed bar depending on trade direction.

Determining Trade Direction: (make sure you reversed the colors red and maroon as above)

  1. Enter long when MACD has closed in either Lime or Maroon
  2. Enter short when MACD has closed in either Dark Green or Red.

Stop/Loss and Take Profit Settings:

  1. AUD/USD: 60 S/L 30 T/P
  2. EUR/USD: 60 S/L 30 T/P
  3. GBP/USD: 90 S/L 45 T/P
  4. NZD/USD: 60 S/L 30 T/P
  5. USD/CHF: 60 S/L 30 T/P
  6. USD.JPY: 60 S/L 30 T/P
  7. USD/CAD: 60 S/L 30 T/P
  8. EUR/JPY: 90 S/L 45 T/P
  9. EUR/CAD: 90 S/L 45 T/P
  10. GBP/JPY: 120 S/L 60 T/P
  11. GBP/CHF: 120 S/L 60 T/P

Special Rules:

  1. Don't open two trades in the same direction. Wait for one to hit a target and then enter the next day. Open a trade in the opposite direction, but you may have to adjust your Binary Equation Spreadsheet accordingly depending on which one hits a target 1st.
  2. I decided since I am trading so many pairs that on the spreadsheet that I would cut my Account Balance by 1/4 and enter that number.
  3. My TAU setting on BES is 200
  4. When you get an "End of Run" signal, adjust your account balance to what your platform says and start again.
  5. Close all pending orders at the end of the day and place new orders accordingly
  6. Treat Sunday's bar as a signal, unless it closes outside the parameters of Friday's bar. Use Friday's highs/lows to place orders.

I know that I am going to get a lot of flack about using the BES, but I have said a long that you need a system with very few losses in a row and a high probability of 2 trades winning in a row. This is what we have. Check it out for yourself and you will see. However, please if you would like to warn my readers about the dangers of BES, please do it in a nice way without disrespecting me and my thread.

After going over scenarios almost all night, I think that this is the best way to trade BST-D1 without worry. If anyone has a BES and would like to keep a record of this with me on this thread, that would be fine.

Now all that is left to do is add the rest of the pairs in for ATP 3+1=WIN and I think I am set to go.

"Keep your eyes on the helpers" - Mr. Rogers
  • #166
  • Edited 10:24am May 17, 2008 9:31am | Edited 10:24am
Quoting damonl
Hello everybody......

I know that I am going to get some flack for this one, but I think that I am going to trade BST-D1 using the Binary Equation Spreadsheet. I am not allowed to give this spreadsheet out as it is a proprietary item (i think, maybe I am wrong), but a little searching around and you should be able to find it. Please don't PM me and ask me where to get it because I don't remember anymore.

Please note that I will not be using the Binary Equation Strategy, but only the Binary Equation Spreadsheet. For those of you who have it, I think that this method will work wonderful with it. With little DD and very few losing trades before you reach 2 in a row.

From this point on, I will no longer be posting my DST-D1 trades as without the spreadsheet, these trades will probably not work for you. I will however post my monthly results so you can see for yourself how well this works.

Here is how I will trade this.

Indicator: Attachment

Indicator Settings Change:

  1. In colors section, change switch Red with Maroon and vice versa.
  2. FastEMA=3
  3. SlowEMA=5
  4. SignalsSMA=5

Entering Trades:

Always place your pending orders 1 pip + spread above the high of the current closed bar or 1 pip below the low of the current closed bar depending on trade direction.

Determining Trade Direction: (make sure you reversed the colors red and maroon as above)

  1. Enter long when MACD has closed in either Lime or Maroon
  2. Enter short when MACD has closed in either Dark Green or Red.

Stop/Loss and Take Profit Settings:

  1. AUD/USD: 60 S/L 30 T/P
  2. EUR/USD: 60 S/L 30 T/P
  3. GBP/USD: 90 S/L 45 T/P
  4. NZD/USD: 60 S/L 30 T/P
  5. USD/CHF: 60 S/L 30 T/P
  6. USD.JPY: 60 S/L 30 T/P
  7. USD/CAD: 60 S/L 30 T/P
  8. EUR/JPY: 90 S/L 45 T/P
  9. EUR/CAD: 90 S/L 45 T/P
  10. GBP/JPY: 120 S/L 60 T/P
  11. GBP/CHF: 120 S/L 60 T/P
  12. AUD/JPY: 90 S/L 45 T/P
  13. NZD/JPY: 90 S/L 45 T/P

Special Rules:

  1. Don't open two trades in the same direction. Wait for one to hit a target and then enter the next day. Open a trade in the opposite direction, but you may have to adjust your Binary Equation Spreadsheet accordingly depending on which one hits a target 1st.
  2. I decided since I am trading so many pairs that on the spreadsheet that I would cut my Account Balance by 1/4 and enter that number.
  3. My TAU setting on BES is 200
  4. When you get an "End of Run" signal, adjust your account balance to what your platform says and start again.
  5. Close all pending orders at the end of the day and place new orders accordingly
  6. Treat Sunday's bar as a signal, unless it closes outside the parameters of Friday's bar. Use Friday's highs/lows to place orders.

I know that I am going to get a lot of flack about using the BES, but I have said a long that you need a system with very few losses in a row and a high probability of 2 trades winning in a row. This is what we have. Check it out for yourself and you will see. However, please if you would like to warn my readers about the dangers of BES, please do it in a nice way without disrespecting me and my thread.

After going over scenarios almost all night, I think that this is the best way to trade BST-D1 without worry. If anyone has a BES and would like to keep a record of this with me on this thread, that would be fine.

Now all that is left to do is add the rest of the pairs in for ATP 3+1=WIN and I think I am set to go.

Hi Damon,
It's interesting that you have decided to use the binary equation spreadsheet. i looked into that some time ago but decided to hold off on spending anymore money than i have already spent, there is a lot of crap out there for sale.
There seems to be a lot of negative feedback about it. I read in one of your post on another thread on FF that you said that you thought it was the trading system that was lacking and not the spreadsheet/money management. It is nice to see that you haven't contradicted yourself. Still, without actually seeing the spreadsheet it's hard to make a decision to spend more money. It appears that one can only get the spreadsheet buy purchasing the trading system and manual for $99. Small price to pay to be sure, if it works. I'll pray about it.

I understand you won't post you're actual trades but you will keep us informed on the degree of success you are having with the BST-D1 trades anyway. That's good.

Thanks again for all your hard work and allowing others to share in the benefits.

Dave
Is it Break Time yet?
  • #167
  • May 17, 2008 12:42pm May 17, 2008 12:42pm
Quoting dkhinckley
Hi Damon,
It's interesting that you have decided to use the binary equation spreadsheet. i looked into that some time ago but decided to hold off on spending anymore money than i have already spent, there is a lot of crap out there for sale.
There seems to be a lot of negative feedback about it. I read in one of your post on another thread on FF that you said that you thought it was the trading system that was lacking and not the spreadsheet/money management. It is nice to see that you haven't contradicted yourself. Still, without actually seeing the spreadsheet it's hard to make a decision to spend more money. It appears that one can only get the spreadsheet buy purchasing the trading system and manual for $99. Small price to pay to be sure, if it works. I'll pray about it.

I understand you won't post you're actual trades but you will keep us informed on the degree of success you are having with the BST-D1 trades anyway. That's good.

Thanks again for all your hard work and allowing others to share in the benefits.

Dave
Hey Dave...there is a lot of negative feedback and that is because of the system behind it. The whole system will only work if you can easily and consistantly take 2 winning trades in a row.

The strategy you get with the $99 has only a 45% win rate, yet showed a profit, but sometimes you went 10 losses in a row and then were lucky to get 2 in row. However, people put away the MM after they saw the DD with the system, when in fact the MM is brilliant. But, without a system, it is worthless and will destroy an account real fast.

With the BST-D1 trades, it is very easy to get 2 in a row and I rarely if ever saw more than 4 losses before getting 2 in row. This is DD that I can deal with and will make this a very successful growing strategy over the course of the coming years.

What is great is that this even worked in 2005 and 2006, albeit it would have been better with slightly lowere T/P targets as the markets were not as volitile. But even with these settings it appears to have still worked. I did not check every day for every pair, but did a thorough scan and all looked good.

I believe I will easily be able to add a nice percentage every month and eventually have enough to make some serious money. Time will tell. I am not riskin gmuch to start with, but it is a compounding strategy, so the more my account grows the faster it will keep growing.

The best thing is that your S/L and T/P are only important to the fact that it is easy to reach 2 wins in a row, with not a lot of losers in between. You can use any S/L or T/P you want, as long as it helps you reach your goal of 2 wins in a row.

Please note that all the backtesting I did, when price action gave me any question I went and checked on H4 and H1 to get an accurate pip count. 2 wins in a row will be no problemo here.

BTW...did we have some bad nes come out on Friday for the US? The USD really took quite the hit.

"Keep your eyes on the helpers" - Mr. Rogers
  • #168
  • May 17, 2008 4:11pm May 17, 2008 4:11pm
Hey Damon,

One can't apply the money management technique without having the spreadsheet?

Thanks
dave
Is it Break Time yet?
  • #169
  • May 17, 2008 6:22pm May 17, 2008 6:22pm
Quoting dkhinckley
Hey Damon,

One can't apply the money management technique without having the spreadsheet?

Thanks
dave
It wouldn't be that hard, but there are a lot of variables.

It has to do with starting out with let's say .3 lots. You would stick with .3 lots until you get a win. Let's say you had 2 losses before you had your win. Now you have a win. This is your profit and now you will try to get your original money back. So your next lot after the win is .6. It starts to get more complicated becasue now you will stick with .6 until you get your next win. If it is immediately you will then start over. However if you take another 2 loses and then a win you would now have made your inital money back but you would now be down 1.2 and then the saga continues.

It is much easier with the spreadsheet. I think you would spend too much time trying to figure it out.

You could also just use a doubling system (martingale), where you double your lots every trade. In the same since, you are waiting for 2 wins in a row a well. Your lots can accumulate quicker with a doubling system and would be better if we didn't regularly take 2 wins in a row, but since I have determined that winning 2 in arow is a regular occurence, your risks will be lower with this system (anti-martingale)

"Keep your eyes on the helpers" - Mr. Rogers
  • #170
  • May 17, 2008 7:06pm May 17, 2008 7:06pm
Damon

If your stop loss is twice as much as your target and you have 2 losses in a row, would you not have to quadruple your lots on the next trade to recoup your losses? Does an anti martingale system work when the potential loss is twice the potential target for each trade?
  • #171
  • May 17, 2008 7:39pm May 17, 2008 7:39pm
Quoting chuckeepw
Damon

If your stop loss is twice as much as your target and you have 2 losses in a row, would you not have to quadruple your lots on the next trade to recoup your losses? Does an anti martingale system work when the potential loss is twice the potential target for each trade?
It does if you figure your S/L and T/P settings into your calculation. I see now that in my post I put in the wrong variables. You would not quadruple it, but rather multiply it by the number of losses you had in a row. It is set up to take advantage of the fact that you are more likely to get 2 trades in a row as opposed to not getting 2 trades in a row. This means that you need to have a system that has a high probablilty of giving you 2 trades in a row in order fot this to be successful.

The spreadsheet takes all these calculations into consideration for each.

ie......let's say you lost 3 trades in a row before you win at .3 lots. Now that you won a profit you need to work on getting your three losses back. This means that you would multiply 3 x .3 and your next batch of trades will be .9.

So, no you would not quadruple it, that would be martingale.

"Keep your eyes on the helpers" - Mr. Rogers
  • #172
  • Edited 8:27pm May 17, 2008 7:48pm | Edited 8:27pm
I have decided that since I am not used to trading AJ and NJ that I would not include them in my trading BST-D1.......

I have also decided to take my account balance and divide it by the number of pairs I am trading and adjust my TAU's to 300.

This will give me very little risk per trade as per my account balance, but I am in this for the 5 year build. Life will be good in the very near future. I am guessing that I can do 3- 4% per month per pair. Let's even say 2% x 11 pairs. that is 22% per month....I can live with that.....+ ATP 3+1=WIN......

"Keep your eyes on the helpers" - Mr. Rogers
  • #173
  • Edited 3:17pm May 18, 2008 3:08pm | Edited 3:17pm
Damon if i understand the bst-d1 rules we will be entering a trade, be it long or short, every day for every pair. Am I reading that right? There are four colors and each color is a signal. I'm not questioning the wisdom of it. It does make sense. The price moves everyday on every pair so why not grab some of it. I just wanted to make sure I'm on the same page.

dave


edit: maybe I do question the wisdom of it!! (but i didn't backtest it you did)
Is it Break Time yet?
  • #174
  • May 18, 2008 3:22pm May 18, 2008 3:22pm
Quoting dkhinckley
Damon if i understand the bst-d1 rules we will be entering a trade, be it long or short, every day for every pair. Am I reading that right? There are four colors and each color is a signal. I'm not questioning the wisdom of it. It does make sense. The price moves everyday on every pair so why not grab some of it. I just wanted to make sure I'm on the same page.

dave


edit: maybe I do question the wisdom of it!! (but i didn't backtest it you did)
Yes...there would be a trade most everyday unless one was open. Then you would let that one ride and not open one in the same direction. However, you would still open on in the other direction if it was signalled.

Actually I have changed the colors to 2 colors Red and Lime. I changed all the Dark Green to Red and all the Maroom to Lime.

Based on the MACD settings it is very sensitive to predicting price movement and we are only going after nly a small portion of the ride. i am estimating that our T/P is somewhere over 70% of the time that a pending trade is triggered.

If you take a look back, you will find that it all looks very promissing
"Keep your eyes on the helpers" - Mr. Rogers
  • #175
  • May 18, 2008 3:27pm May 18, 2008 3:27pm
Thanks, all sounds good to me, very exciting. I'm going to be gone now for a couple hours but will be setting things up later this evening.

later,
dave


ps. I hope there are still others following this thread there doesn't seem to be a whole lot of action.
Is it Break Time yet?
  • #176
  • May 18, 2008 3:36pm May 18, 2008 3:36pm
Quoting dkhinckley
Thanks, all sounds good to me, very exciting. I'm going to be gone now for a couple hours but will be setting things up later this evening.

later,
dave


ps. I hope there are still others following this thread there doesn't seem to be a whole lot of action.
Not to worry about the others. ATP 3+1=WIN will not be popular here at all because most people wnat to make 1 million in the next 6 months and that is not what ATP 3+1 is about.

I do think that we will draw in some people with BST-D1 as it gets going, but I am more doing this to help me keep track of my thoughts and actions so I can be better equipped to become successful.

Writing everything down has helped me a lot determine how I would like to trade.

See you later tonight then. i will not be placing any trades till after 7PM

"Keep your eyes on the helpers" - Mr. Rogers
  • #177
  • May 18, 2008 5:51pm May 18, 2008 5:51pm
Damonl,


You made a comment about the thread, well people want fast money in Forex. I have been following up since the inception and I read this thread at least about 5 times daily.

What I noticed in the few posts back is that we have a good system but the SL and TP scares me.

Anyway, I think I should suggest something else to you like an additional trade. We can name it Golden 100 Pips trade. This would happen when the AC crosses above or below 0 on volatile pairs. Check GBPJPY and GBPCHF. They have good record of trades like this. They can just add to our trades.

Let me have your suggestion on it.
Trading Just Got Easier...
  • #178
  • May 18, 2008 6:52pm May 18, 2008 6:52pm
Quoting walesoje1
Damonl,


You made a comment about the thread, well people want fast money in Forex. I have been following up since the inception and I read this thread at least about 5 times daily.

What I noticed in the few posts back is that we have a good system but the SL and TP scares me.

Anyway, I think I should suggest something else to you like an additional trade. We can name it Golden 100 Pips trade. This would happen when the AC crosses above or below 0 on volatile pairs. Check GBPJPY and GBPCHF. They have good record of trades like this. They can just add to our trades.

Let me have your suggestion on it.
I will take a look...what scares you about the S/L and T/P?
"Keep your eyes on the helpers" - Mr. Rogers
  • #179
  • Edited 7:23pm May 18, 2008 7:11pm | Edited 7:23pm
Hello....I have a few things to bring up tonight.

  1. I am not able to make any trades tonight because my provider was playing with the platform over the weekend and consequently I only have a 1 pip line for Friday's bar which means that none of my indicators will give me an accurate reading. I will see how I feel about things tomorrow, but this is a real set-back.
  2. I have decided to start using the BES Spreadsheet to trade all the pairs listed in a previous post I believe that this will be a very positive addition and one the will compliment the BES MM very well. I will keep you posted with this as we go along.

Trade updates 05/16/08:

ATP 3+1=WIN

AUD/USD: Today there is no Actions.

EUR/USD: Today there is no Actions.

NZD/USD: Placed a short pending order on 5/9/08 @ .7688. This trade triggered on 5/9/08. We now have 5 closed bars. I will leave the S/L setting at 250 pips until my S/L is hit or we close beneath the bar closing on 5/15/08

USD/CHF: Today there is no Actions.

USD/JPY: Today I have placed a pending Long Trade with a 375 pip S/L. This trade is still pending as the AC is still green.

USD/CAD: Today there is no Actions.

EUR/CHF: Today I have placed a pending Long Trade with a 375 pip S/L

EUR/GBP: Today there is no action.

GBP/USD: Today the S/L stay's where it is. As we have a new low based on close of 5/14/08, we will not move the S/L again until the pirce closes below this low. On 05/08 I Placed my ATP Pending order short @ 1.9501 with a 300 pip S/L and no T/P. The order that I placed on 5/5 has triggered and is past the 5th closed day since this trade triggered. I will leave my S/L at 375 pips until a candlestick closes beneath the bar that closed on 5/9/08 since this is the lowest low.

EUR/JPY: I placed a Pending Long trade at 162.93 with a 375 pip S/L. This trade has tirggered and needs to turn around and head back up. I will leave the S/L at 375 pips until we have 5 closed bars.

EUR/CAD: The pending short trade has been cancelled due to the fact that the AC has turned green.

GBP/JPY: Today there is no action

GBP/CHF: Today there is no action

BST-D1

I will keep track of these trades daily on a monthly basis. Meaning that every month I will refresh. Keep in mind that everytime I have 2 or more trades in a row I have made a profit and recovered any previous losses that I had.

AUD/USD

EUR/USD

NZD/USD

USD/CHF

USD/JPY

USD/CAD

GBP/USD

EUR/JPY

EUR/CAD

GBP/JPY

GBP/CHF

"Keep your eyes on the helpers" - Mr. Rogers
  • #180
  • May 18, 2008 7:27pm May 18, 2008 7:27pm
Quoting walesoje1
Damonl,


You made a comment about the thread, well people want fast money in Forex. I have been following up since the inception and I read this thread at least about 5 times daily.

What I noticed in the few posts back is that we have a good system but the SL and TP scares me.

Anyway, I think I should suggest something else to you like an additional trade. We can name it Golden 100 Pips trade. This would happen when the AC crosses above or below 0 on volatile pairs. Check GBPJPY and GBPCHF. They have good record of trades like this. They can just add to our trades.

Let me have your suggestion on it.
Hey Wales...do you mean the AC and not the AO, because waiting for the AO to cross looks like not a good idea.....
"Keep your eyes on the helpers" - Mr. Rogers
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