Has been discussed before it's impossible to automate since it needs some human decision. Why are people so lazy these days?
http://forexfactory.com/showpost.php...&postcount=143
http://forexfactory.com/showpost.php...&postcount=143
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Dislikedhere is the latest update on the performance on the system.
I will not be using the martingale strategy. instead I will start with 1% then 2% and then 3% and so on. 1% more for every loss. If I get all the way up to for example 7% and trade number 8 is profirable but it isn't enough to cover the loss then I will also trade with 7% the next day.
http://img380.imageshack.us/img380/5...vngivetuc0.jpgIgnored
DislikedHi Gambler180,
Just trying to figure what those figures mean in the D column .Ignored
DislikedSo your just going for small pip profits if im reading the ballance right .
Most increases are about 5- 10 each day on average.
Are you on a the daily time period ? .Ignored
DislikedWell it's quite easy.
Entry Signals from Price Action as discribed in the initial post of this thread.
T3 show sthe Trend, 5 EMA/8SMA for Momentum.
I've not that much experience with the Signal Bar indicator on the top right corner. I just added this to find out if it helps in anyway.
What's important that I try to trade the Trend from the very beginning.
After London Open ( 9:00 GMT+1) the was another sell signal but the trend was in place for to long. So I waited for a new trend to form.
How do I find out if trend just changed? Well I look for the price Riding the 5 up or down. A textbook example is the downtrend after NY Open. Every candle rides the 5EMA down. If price moves really fast it usually pulls back to the 5EMA just to pick up more sellers. If price breaks the 5EMA and start riding it up that's a signal for me that trend is over or reversing.
Look for angle and speration to determin the quality of the trend.Ignored
DislikedOk...this is the trade that I took.
I took a TP of 4 pips as I thought it wasn't a good trade to be in.
The 'x' would be my SL, the first arrow would be my entry as the previous bar has broken and closed below the bar before it.
The second arrow should have been my entry again, as it has closed above the previous high and I would still be in the trade, but I did not take the trade.
There are losses, there are wins, but I cannot get it round my head to have good MM and TP, though SL to say... I am ok with.Ignored
DislikedI am surprised that there is not much interest in this thread, as this beats looking at indicators... if you use it with a martingale strat and have a fixed SL and TP, then I think you will always be in the monies... don't know what anyone else thinks... but I am looking to improve this system... don't know if anyone has any ideas on this?Ignored
DislikedIn post 185, isn't the bar before the x a valid trade since it broke above the previous bear high?Ignored
DislikedGambler180's system is a straight forward system. To trade with it, one need only become comfortable with price action and the quirks of the currency pair(s) traded.Ignored
Dislikedgreat system, i think - with a lot of potential...
thanky you gambler180 for to share this with us !
during 2day, i taken 2 trades, but booth was losers. (one in the 15 min TF USD/JPY and the other in the 3 H TF AUD/USD). but when i look back in my (oanda)-charts, i see the potencial for this system.
i am a part-time-trader, i follow my regulary work for to win the money what i can loose in FX ...
so, i am totally interesting in your daily-gambler system. i understand your rules, but i prefer if you publish some charts with your exactly entry & exit points. please, maybe it is possible.
and...maybe you can restore your graph with the posting you was doing in the past.
please, follow to help us. i know it is some work. especially, if you have some success with your trading-system.
happy trading @ all.
GOOD STUFF & WORK YOU WAS DOING !!!
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DislikedI will not restore the graph because that was virtual money I was trading with, and now I am trading with real money.Ignored
DislikedMy system is perfect now. There is nothing that could be added to make it more profitable without losing the simplicity.
I don't really use that Signal Bar indicator in the top right corner but it looks good on the chart. ^^
If you run this in a Trading Simulator the entrys become very obvious.
Price pops above the T3 after consolidation, Momentum Change thats it.
I like taking profit at S/R Levels.
Last trade was an easy +++135 Pip gain with minimum risk.
Still I only trade G/J
At the moment I backtest if Peter Crowns (up the day/down the day after 6 GMT ) daily trend indication improves my results.Ignored