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Trend Finder Daily

  • #181
  • Jun 19, 2008 10:36am Jun 19, 2008 10:36am
-600 pips so far, ouch
Twitter: @forexpokerpro
  • #182
  • Jun 19, 2008 10:59am Jun 19, 2008 10:59am
Quoting ventis
thanks for your prompt reply. how does this strategy perform during any major news as it affects the cuurency pair in question? I hope you get my question right.

Thank you.
When there is MAJOR news, I will stay out of the market. Interest rate announcements and NFP, I pretty much stand to the side.
  • #183
  • Jun 19, 2008 10:59am Jun 19, 2008 10:59am
Quoting BBPI_fxtrader
http://img205.imageshack.us/my.php?image=gbpusdou5.gif
i want to draw your attention on this.
as you can see there was a signal where the red thumbs up is. however, before moving further upward with the trend, it went down 100 pips, thus you would have been stopped out.
what do you do in situations like this, where you get stopped out in the very beginning, but afterwards the trend goes your way ?
I do not re-enter trades, so this would have been a loss with no re-entry.

Bull101
  • #184
  • Jun 19, 2008 11:03am Jun 19, 2008 11:03am
Quoting BBPI_fxtrader
Bull101,

in your money management and exit strategy section you say that one should open 2 trades for a signal and together they should not risk more than 3% of one's account.
you have 10 open trades now. how is you money management on these trades ?
because i'm sure you won't risk 20-30% of your acccount at any time, or would you ?
The current situation does not happen that often. However, if I had been able to trade yesterday, I would have taken each trade.
  • #185
  • Jun 19, 2008 11:04am Jun 19, 2008 11:04am
Quoting GCash
...so far... EURUSD went +4 pips (breakeven)... all the other orders still open, causing me stomach pain when i look at them...

i have to correct myself, SL im using is 45 not 50 pips. but okay... anyway im taking notes of everything for analysis...


could someone tell me... i really forgot since i read to much different things yesterday... my trade stays open until it hits SL or TP, right? i would not close it just because a new candle begins?
and then... what if the trade stays open... and i get a complete reversal signal? i mean, i wouldnt go short and long on the same pair at the same time? anyone had a situation like that already?
The only time you would close both trades before a TP or SL is if the AO changes to the opposite color of entry. The second trade will always either be closed by a stop loss, or the AO changing to a reversal color.

Bull101
  • #186
  • Jun 19, 2008 11:05am Jun 19, 2008 11:05am
Quoting GCash
update...

EURGBP and USDCHF got both stopped out at -100... that hurts...

EURAUD seems to move the right direction... giving me some hope...

balance for now -196 pips... okay, i consider this unlucky start and will give it a few weeks... since i see u guys having some result with this...
No Worries, the system will pull through

Bull101
  • #187
  • Jun 19, 2008 11:06am Jun 19, 2008 11:06am
Quoting Ronald Raygun
My EA takes the signals as it sees them.


Bull, is this "Time Window" an absolutely important part of your system?
That is how I have always traded it, so I have to say yes. However, I have never tested any other way, so I honestly can't really say how important it really is.

Bull101
  • #188
  • Jun 19, 2008 11:37am Jun 19, 2008 11:37am
Quoting Bull101
When there is MAJOR news, I will stay out of the market. Interest rate announcements and NFP, I pretty much stand to the side.
Hi Bull when you say stand aside when will you stand aside i.e what happens if you are in a trade already will close it or trade through it?

when there is interest rate do check the date when it is coming and do not enter new trades for the pairs that it could effect?

Could you please tell us exactly what you do so this can be traded exactly the same way that you have been trading it so that it will reflect the same profits that you have been getting in the past and in the future.

With thanks

David
  • #189
  • Jun 19, 2008 11:45am Jun 19, 2008 11:45am
Quoting David-T
Hi Bull when you say stand aside when will you stand aside i.e what happens if you are in a trade already will close it or trade through it?

when there is interest rate do check the date when it is coming and do not enter new trades for the pairs that it could effect?

Could you please tell us exactly what you do so this can be traded exactly the same way that you have been trading it so that it will reflect the same profits that you have been getting in the past and in the future.

With thanks

David
Hello David,

For open trades:
It depends on what point the trade is in. If the break even has been set, I will usually just let it run. If there is the original -100 stop loss, depending on how far above 0 it is, I will set a break even stop loss early. If the trade is negative, I will usually just close it.

When there is major news coming out, I will post exactly what I am doing about it.

Hope that clears it up, if not, let me know,
Bull101
  • #190
  • Jun 19, 2008 1:17pm Jun 19, 2008 1:17pm
Quoting xrunner
GRPip

you have to go back and read the posts that B101 has written, he has already clarified this aspect about the bars not needing to change colours both at the same time, nor there is any specific rule regarding which one changes first. When one changes colour to match the other one regardless of the fact that the other one was already of the same colour then its a signal.
He also mentions that he won't consider a signal if its a repeat one, he will wait for the opposite signal in that case.
Hope this explains, but if still in doubt you got to go back and read all the posts he has written

xrunner
xrunner....as you suggested, I went back and re-read Bull's posts and you are correct....thanks for the help!
  • #191
  • Jun 19, 2008 1:22pm Jun 19, 2008 1:22pm
Quoting Bull101
The only time you would close both trades before a TP or SL is if the AO changes to the opposite color of entry. The second trade will always either be closed by a stop loss, or the AO changing to a reversal color.

Bull101


alright, thanks for answer AO... yes, sir!
My charts look like the Matrix
  • #192
  • Jun 19, 2008 1:39pm Jun 19, 2008 1:39pm
Quoting Bull101
No Worries, the system will pull through

Bull101
i do absolutely believe in that system... (otherwise i would not test it)

EUR AUD went nice from 1.6400 to 1.6300... yesterdays short signal made 100 pips...

current standing -76 pips, but still AUDUSD open and looking good so far...
My charts look like the Matrix
  • #193
  • Jun 19, 2008 1:50pm Jun 19, 2008 1:50pm
Boy, I love to make work for others!!! (Raygun....

"Possible" additions to the EA:
1. Add a TradeStart and TradeEnd time.. we can set to Bulls 0000 - 0010 gmt, or to any window we want...

2. Add a "ExitAtIndicatorTurn" yes or no input. This would close trades if both indicators turn the opposite color (doesn't have to be at the same time, and can be anytime throughout the day.) If both "halves" of our trade are open, both would be closed. (Bull mentioned he does this.). If the first half closed at +100, then the second half would close at StopLoss (which by this time would have moved to +1p, breakeven), or if the indicators turn.

Making it Boolean would allow us to use that trade mgmt, or not...

What fun... some day, I gotta learn mq4...
  • #194
  • Jun 19, 2008 4:10pm Jun 19, 2008 4:10pm
if im not mistaken... its 8 min past 5pm est... new trading day just started... just got my new candle from fxdd... but i dont see any new trade for today...

could u give me confirmation? any new trades i didnt see?

thanks...
My charts look like the Matrix
  • #195
  • Jun 19, 2008 6:03pm Jun 19, 2008 6:03pm
What about
SHORT CHF-JPY ?
  • #196
  • Jun 19, 2008 6:09pm Jun 19, 2008 6:09pm
Quoting GCash
if im not mistaken... its 8 min past 5pm est... new trading day just started... just got my new candle from fxdd... but i dont see any new trade for today...

could u give me confirmation? any new trades i didnt see?

thanks...
Hey Cash,

I haven't tested this system on any broker that opens at that time, so I can't confirm or deny any available trades. However, about 50 minutes from now i'll see what we got

Bull101
  • #197
  • Jun 19, 2008 6:10pm Jun 19, 2008 6:10pm
Quoting MisgavLadach
What about
SHORT CHF-JPY ?
We'll know at 0:00 GMT

Bull101
  • #198
  • Jun 19, 2008 6:19pm Jun 19, 2008 6:19pm
Quoting MisgavLadach
What about
SHORT CHF-JPY ?
im sorry, chfjpy is not offered by my broker...
My charts look like the Matrix
  • #199
  • Jun 19, 2008 6:43pm Jun 19, 2008 6:43pm
Quoting Bull101
We'll know at 0:00 GMT

Bull101
man, i go crazy with timezones... i think there is something wrong with that time my microsucks windows provides... im in central europe so usually i should have gmt +1, but since we have daylight saving time its an extra hours, making us gmt +2... but now the 2nd clock ive set on my computer shows only 1 hour difference... man, i hate it...

so... thinking in solution, u say u open ur trades at gmt 0... or in other words at FF 8:00pm... right...?

just want to go hand in hand with ur system for that, since i think that time is an important variable...
My charts look like the Matrix
  • #200
  • Jun 19, 2008 6:45pm Jun 19, 2008 6:45pm
Quoting GCash
man, i go crazy with timezones... i think there is something wrong with that time my microsucks windows provides... im in central europe so usually i should have gmt +1, but since we have daylight saving time its an extra hours, making us gmt +2... but now the 2nd clock ive set on my computer shows only 1 hour difference... man, i hate it...

so... thinking in solution, u say u open ur trades at gmt 0... or in other words at FF 8:00pm... right...?

just want to go hand in hand with ur system for that, since i think that time is an important variable...
It would be 8pm EST. qlock is a great free program for keeping track of multiple time zones easily. Its at http://www.qlock.com/

Hope that helps ya out,
Bull101
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