good ent signal on eur-jpy
Prime of Prime Broker 622 replies
1M & 5M Scalping System (Scalping Paradise) 21 replies
Scalping techniques on 1 Min chart 26 replies
15 min indicator on 5 min chart 3 replies
Dislikedgood ent signal on eur-jpyIgnored
DislikedHi CD !
For my understanding please confirm if I'm right here :
1. If CCI 170 is in the Reds you only take short signals
(That means CCI 34 is crossing down through zero line)
2. If CCI 170 is in the Greens you only take long signals
(That means CCI 34 is crossing up through the zero line)
3. Both for 1 min and 55 min charts
DislikedFirst of all thanks to Canadian Dude for this strategy. I incorporated this with my own indicators for exit rules and developed an EA getting good results. Here are my trades on DEMO account I am still working on making this EA more powerfullIgnored
This is a configuration that is based on its fabulous system and another is in the forum, using QQE is fabulous, it allows us to stay in trades too long and safe.
I leave here today an example, in a few minutes about 50pips, really works very well.
It is just an example if you are interested in Mr canadian put the TPL.
Dislikedthis was my 1. day in the new chat room.
thanks to all specially to CD for helping.
I dit a lot of small losses lately but also some big winners.
The small losses came from being to eager to get in to a trade. Not waiting till everthing is perfectly setup and then enter.
I show you the last short i took,
a) entry to early, i was looking for short and jumped in without waiting for the 170er
b) same story also very small loss
c) this one was the good one and gave lots of pipsIgnored
I have a money management suggestion. I have been moving my stop to breakeven after price moves +10 pips, but often I will be stopped out only to have price move in the desired direction. I still believe in reducing risk as price moves in my favor (and locking in pips), but I think I may have an alternate strategy that will work well for us.
The idea is this, when entering a trade, use two lots. Close 1/2 after +10 pips and leave the original 10 pip stop in place. Trail the 2nd half until the CCI 34 crosses the 0 line. This way if price moves +10, you will breakeven and you can continue to let your profits ride.Ignored
DislikedSeveral individuals have been asking about the winning percentages, etc of this system. It is all based on how you trade. I trade very conservatively using this system. Here are a breakdown of every trade I've made from Sunday at 5pm until noon today (Tue).
1. 20 pips 11. 6 pips
2. 2 pips 12. 10 pips
3. - 9 pips 13. 10 pips
4. - 8 pips 14. - 8 pips
5. 10 pips 15. 20 pips
6. - 3 pips 16. 10 pips
7. 22 pips 17. 13 pips
8. 20 pips 18. 10 pips
9. 10 pips 19. 16 pips
10. 13 pips 20. 14 pips
TOTAL: 206 - 28 (losses) = 178 pips
As you can see, this is a very very profitable system CD has.
Folks, trading very conservatively, thats $1780. as of Tuesday this week.Ignored
DislikedI didn't take any screen shots but I will in the future.
By conservatively, I mean I did not take every trade. Also, I did not let every trade run to it's full potential. Although the system calls for a 10 pip stop, where a lot of people get stopped out only to see their trade continue, I used a mental 20 pip stop. The worse I had a trade go against me was 19 pips before it turned around and went my way. I also stop trading when I feel I have enough without getting greedy and trading all day.
Note: I'm not advocating the use of a mental stop.
Even using the 10 pip stop and letting the trade run to it's full potential, others have made more than I have.Ignored