Squidster's Stupid Strategy (SSS) - | Forex Factory

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Attachments: Squidster's Stupid Strategy (SSS) -
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Squidster's Stupid Strategy (SSS) -

  • #1
  • First Post: Edited Nov 2, 2008 8:30am Jul 31, 2008 7:36am | Edited Nov 2, 2008 8:30am
**This strategy uses no stops or limits. If you are against this type of techniques then please STOP reading here.


Hi peeps.

I have been trading this strategy since the begining of this year with excellent profits. I will explain here simply how I trade. But this strategy uses no stops.

1) Download the squidster zip file below and place the indicators in the correct folder. place the tpl (template file) in the correct folder.

2) start metatrader and load the template. Simple

3) The squidster indicator is developed by myself.


PAIR TO TRADE: GBP/YEN AND GBP/USD ONLY
TIMEFRAME: 4H ONLY <<<<<<<<

LONG (BUY) ENTRY CRITERIA
------------------------------

  1. StochsOverBS is red or light red
  2. Red arrow appears

SHORT (SELL) ENTRY CRITERIA
------------------------------

  1. StochsOverBS is green or lightgreen
  2. Red arrow appears

------------------



- if the Trade goes against you when you are in buy or sell.

  1. If you are in g/j trade then buy/sell in the same direction as the first trade every 200 pips. For g/u every 100 pips
  2. take profit at entry price of first order OR WHEN THE zigzag changes to the direction of your trade.
  3. if the zigzag changes then close all orders.

i hope you can all understand the simple instructions. let me know how this works out for you guys

TIP
----

Everytime the trade goes against you, increase the lot size for the second order etc.

RESULTS
----------

Every month has been positive. With some months, getting over 1000 pips.


----------

**If you dont like no stops strategy, then why are you still reading?

  • #2
  • Jul 31, 2008 8:32am Jul 31, 2008 8:32am
Quote
I have been trading this strategy since the beginning of this year with excellent profits.

Gday Squidster,
Do you have a list of all trades taken since the start of the year?

cheers
  • #3
  • Jul 31, 2008 9:01am Jul 31, 2008 9:01am
Quoting BentRod
Gday Squidster,
Do you have a list of all trades taken since the start of the year?

cheers
i do have list...i wouldnt waste my time and your by posting something that is useless.
  • #4
  • Jul 31, 2008 9:44am Jul 31, 2008 9:44am
Checking out the files, loaded a chart and it complains the zigzag_new_nen3 file is missing... not in the zip file I think....

Like the strategy
  • #5
  • Jul 31, 2008 9:49am Jul 31, 2008 9:49am
Quoting MykeFX
Checking out the files, loaded a chart and it complains the zigzag_new_nen3 file is missing... not in the zip file I think....

Like the strategy
sorry..zip file upadted with new indicator
  • #6
  • Jul 31, 2008 10:01am Jul 31, 2008 10:01am
Thank you for sharing

would you please give us the files with the extention mq4 instead of the zip files and also a chart showing your entry and exit points.

Thank you again for sharing

Doura
doura Return Today: 0.1%
  • #7
  • Aug 1, 2008 12:20am Aug 1, 2008 12:20am
thankyou
  • #8
  • Aug 1, 2008 9:32am Aug 1, 2008 9:32am
LONG (BUY) ENTRY CRITERIA - IT SHOULD BE WAITING FOR GREEN
SHORT (SELL) ENTRY CRITERIA - IT SHOULD BE WAITING FOR RED


Quoting Squidster
**This strategy uses no stops or limits. If you are against this type of techniques then please STOP reading here.


Hi peeps.

I have been trading this strategy since the begining of this year with excellent profits. I will explain here simply how I trade. But this strategy uses no stops.

1) Download the squidster zip file below and place the indicators in the correct folder. place the tpl (template file) in the correct folder.

2) start metatrader and load the template. Simple

3) The squidster indicator is developed by myself.


PAIR TO TRADE: GBP/YEN AND GBP/USD ONLY
TIMEFRAME: 4H ONLY <<<<<<<<

LONG (BUY) ENTRY CRITERIA
------------------------------

  1. StochsOverBS is red or light red
  2. Red arrow appears

SHORT (SELL) ENTRY CRITERIA
------------------------------

  1. StochsOverBS is green or lightgreen
  2. Red arrow appears

------------------



- if the Trade goes against you when you are in buy or sell.

  1. If you are in g/j trade then buy/sell in the same direction as the first trade every 200 pips. For g/u every 100 pips
  2. take profit at entry price of first order OR WHEN THE zigzag changes to the direction of your trade.
  3. if the zigzag changes then close all orders.

i hope you can all understand the simple instructions. let me know how this works out for you guys

TIP
----

Everytime the trade goes against you, increase the lot size for the second order etc.

RESULTS
----------

Every month has been positive. With some months, getting over 1000 pips.


----------

**If you dont like no stops strategy, then why are you still reading?

  • #9
  • Aug 1, 2008 9:40am Aug 1, 2008 9:40am
Hi Squidster,

Is the arrow will repaint?

Quoting Squidster
sorry..zip file upadted with new indicator
  • #10
  • Aug 1, 2008 10:14am Aug 1, 2008 10:14am
HI,

I too do not like stop losses, its like expecting to be robbed anytime. So your trade is attractive to me. Would like to try but I have not tried using a template. I know how to download indicators and applying them to chart but just do not know how to use template. If its not too much trouble, pls show.

Blessed Pips
  • #11
  • Aug 1, 2008 1:59pm Aug 1, 2008 1:59pm
Quoting tjsun80
Hi Squidster,

Is the arrow will repaint?
hi..yes the arrows repaint...but that is not a problem in this strategy
  • #12
  • Aug 1, 2008 4:04pm Aug 1, 2008 4:04pm
I hope you will decide to post your system, it is so helpful for newbies like me to learn from.
  • #13
  • Aug 1, 2008 4:10pm Aug 1, 2008 4:10pm
Quoting Squidster
hi..yes the arrows repaint...but that is not a problem in this strategy
A martingale with no stops and a repainting indicator.
I've seen systems with each of these things but never all of them together.
  • #14
  • Aug 1, 2008 5:45pm Aug 1, 2008 5:45pm
Quoting billbss
A martingale with no stops and a repainting indicator.
I've seen systems with each of these things but never all of them together.

AHahahah this post made me laught
  • #15
  • Aug 2, 2008 12:43am Aug 2, 2008 12:43am
so if it repaints how do you trade the signal?
  • #16
  • Aug 2, 2008 7:06am Aug 2, 2008 7:06am
Quoting criss73
so if it repaints how do you trade the signal?
please follow the instructions in the first post and you will be fine.
  • #17
  • Aug 2, 2008 7:06am Aug 2, 2008 7:06am
Quoting billbss
A martingale with no stops and a repainting indicator.
I've seen systems with each of these things but never all of them together.

that is why it works!!
  • #18
  • Aug 2, 2008 10:43am Aug 2, 2008 10:43am
the arrow isn't going to appear until it's too late to make the trade.
  • #19
  • Aug 2, 2008 3:20pm Aug 2, 2008 3:20pm
Quoting billbss
A martingale with no stops and a repainting indicator.
I've seen systems with each of these things but never all of them together.
I can see people getting into a disaster just because this is simple enough for any new to fx person to use. At the same time if used wisely it's probably profitable, needs good management I think.
  • #20
  • Aug 2, 2008 5:16pm Aug 2, 2008 5:16pm
Quoting criss73
the arrow isn't going to appear until it's too late to make the trade.
the arrow is likely to appear early and NOT late.
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