Dislikedlol... so i'm not the only one who went big just when things started to mess around...Ignored
1M & 5M Scalping System (Scalping Paradise) 21 replies
A switch: from part time trading to full time trading 8 replies
A system that works for a part time trader with minimum screen time 16 replies
Dear Full time/Part time Traders – Thanks for your time and help 7 replies
Part Time Wealth Building System - "High-Low Trending" 9 replies
Dislikedlol... so i'm not the only one who went big just when things started to mess around...Ignored
DislikedI started two weeks ago and it's been one loss after another. Almost all trades were with GBPUSD and a few of them had a stop loss set that in hindsight, was probably too close. Just a very bad two weeks. I'm still staying positive though. This system works well and I just need to stick to it. If GBPJPY closes with another bullish candle, that will be 5 or 6 daily bullish candles in a row. I think a decent correction would be in order and if so (praying like there's no tomorrow!), I want to ride that mother all the way down!Ignored
Dislikedman your last words really made my day!!! i laughed my brains out...
don't want to disappoint you, but don't bet on it. by the way it acted these two weeks, the "correction" would be up not down. just kidding. anything can happen, right?
gee, look at g-u... what do you know, finally decided to take off. yeah...Ignored
DislikedThe hedge function just means you are opening a long and short position at the same time...for example...if you are long and hit hedge...it will open a short position in the same currency.. I don't see any application for this this funciton in this system.
On the other hand...the CAR (close and reverse) function...I have used several times...let's say i enter short on the pound yen...which i did yesterdday....and after thinking about it...i decided i would rather be long...so while i was in profit going short...i closed and reversed...opening a long...
I have used it a couple of times...
But the most powerful thing i have found so far to make this system work for me...is found in post 623 .Ignored
DislikedThe hedge function just means you are opening a long and short position at the same time...for example...if you are long and hit hedge...it will open a short position in the same currency.. I don't see any application for this this funciton in this system.
On the other hand...the CAR (close and reverse) function...I have used several times...let's say i enter short on the pound yen...which i did yesterdday....and after thinking about it...i decided i would rather be long...so while i was in profit going short...i closed and reversed...opening a long...
I have used it a couple of times...
But the most powerful thing i have found so far to make this system work for me...is found in post 623 .Ignored
Disliked
NOTE:
Anytime a BE or TRAIL is hit it will REVERSE POSITIONS!
I have some ideas on how to modify it to say whether to reverse, or stay out. This would also apply to a TP. If it was hit you would have the option to stay out, continue with trend or reverse. At this time it is all conceptual and i have no idea if it will work so dont count on it. Skyline would be MUCH better at doing this. I would also appreciate any coders to verify my code is correct, it works but seems SLOW.
Here are the trail options...
//TrailingStopType =1,2,3
//1 (default) to start trailing at 1*TrailingStop profit,
//2 To start trail immediately
//3 To limit by high/low of n:th prior candle
//TrailingStop
//For type 1 and 2, this would be your standard trail behind price by X
//For type 3 this will be the number of candles back to use as your stoploss
In my testing, any type of trail hinders performance, but someone may find better parameters.
Ignored
DislikedI had also posted this on weekly system, which appeal most to me....
I would like to hear about the pairs tested... Which seems to be more profitable?
I think difersifying is a safer way to trade the system.Ignored
DislikedI had also posted this on weekly system, which appeal most to me....
I would like to hear about the pairs tested... Which seems to be more profitable?
I think diversifying is a safer way to trade the system.Ignored
Average Daily Range (pips)
GBP/JPY 148
GBP/USD 142
EUR/CAD 125
EUR/AUD 122
GBP/CHF 117
USD/CHF 117
EUR/USD 101
EUR/JPY 99
USD/JPY 99
USD/CAD 92
AUD/JPY 73
NZD/USD 72
AUD/USD 67
CHF/JPY 67
EUR/CHF 47
EUR/GBP 34
Dislikedjust want to register my apprication to all who has contributed to this system
i have been following this tread for 2-3 weeks already... the system look good and i have done some demo trade and some real one. Result has been positive. Thanks Tkimble and the rest who make the small modification to make the system to work better.
For me, i trade usually one day per week (due to busy with office work).. and has 2 TP.. like many here.. 1 at 50pips and another at 100pips. But will usually close after about 24hrs regards. I think because i only trade one day per week.. i properly has miss out in many of the draw down experience by others. lucky : BUT also many time miss out more profits. That is ok with me.. cos as long has profit.. small or big does not matter. KEY IS MUST MAKE PROFIT.Ignored