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Part Time Wealth Building Trading System - Daily Scalping

  • #1,201
  • Mar 10, 2007 3:00pm Mar 10, 2007 3:00pm
Quoting fasttraxs2
HI

I could not get yours to upload to trading platform to take a look
What do I need to do ???
This is the one that I have been using on MT4 platform
It gives you multiple 1,5,10,20, day range movement and where you
are in that range at the moment

Fasttraxs
Anyone know how to backtest this indicator. I mean set the settings so that I can see what it was saying my stoloss should have been last week for each day?...just to get a rough idea on how profitable it is.
thanks.
  • #1,202
  • Mar 10, 2007 3:58pm Mar 10, 2007 3:58pm
Quoting Eureka
Thanks for the indicator. I'm going to try this for next week. Thanks so much for sharing. Are you using 100 TP?

Carol
I have been using the basic system with a SAR. My profits were made without the 100 TP?

yezbick
  • #1,203
  • Mar 10, 2007 4:45pm Mar 10, 2007 4:45pm
I can't get the indicator to load either. I wonder why.

Quoting yezbick
I have been working with the top moving pairs for the last couple of weeks and have found stellar results. I have enclosed the indicator that shows the values of daily trending of a given pair. The indicator was found on another forum. If you take the value and divide by 4 it gives you a great SL point to enter to be profitable in the pair.

I have been using the standard 40 SL for the GBPJPY and GBPCHF and the adjusted 20 day average SL/4 for the rest.

The best movers that I see from last week and should be the best for next week and their 5 day average movement are as follows:

GBPJPY: 347
GBPCHF: 233
EURJPY: 178
NZDJPY: 185

yezbick
  • #1,204
  • Mar 10, 2007 5:22pm Mar 10, 2007 5:22pm
Quoting leeroy brown
Anyone know how to backtest this indicator. I mean set the settings so that I can see what it was saying my stoloss should have been last week for each day?...just to get a rough idea on how profitable it is.
thanks.
I have only been useing the pair range info and the orig S/L
per TK's System
but to answer your question
I do not know how to back test this info

Fasttraxs2
  • #1,205
  • Mar 10, 2007 5:24pm Mar 10, 2007 5:24pm
Quoting Eureka
I can't get the indicator to load either. I wonder why.

Hi

I was not able to load the other posted range indicator
because it an EA not an indicator
I was putting it in the indicator file not the EA file

Fasttraxs2
  • #1,206
  • Mar 10, 2007 6:27pm Mar 10, 2007 6:27pm
Quoting Eureka
I can't get the indicator to load either. I wonder why.
After you have placed the files in your indicator folder, you should turn off your broker software and restart it. This should allow you to view the indicator. Also you may want to check and make sure you have both files in the indicator folder on your broker software. In Interbankfx this is found inside the expert folder.

Hope this helps.

yezbick
  • #1,207
  • Edited 3:56am Mar 11, 2007 3:26am | Edited 3:56am
NM, Not ready yet.........
  • #1,208
  • Edited 10:21am Mar 11, 2007 8:45am | Edited 10:21am
Yezbick,

I did what you suggested and the 'indicator' still does not load. Since I've been working with MT charts, and their indicators and EAs for about 4 years now, I decided to try one more thing. I put it in the experts folder and it loads as an EA complete with smiley face and all.

So, the DynamicBreakoutV1-0.mq4 is and EA and not an indicator.

I found the link to the indicator. It's found on post # 946 of this thread.

Carol

Quoting yezbick
After you have placed the files in your indicator folder, you should turn off your broker software and restart it. This should allow you to view the indicator. Also you may want to check and make sure you have both files in the indicator folder on your broker software. In Interbankfx this is found inside the expert folder.

Hope this helps.

yezbick
  • #1,209
  • Mar 11, 2007 3:09pm Mar 11, 2007 3:09pm
Hello,

this night we go long right with GBPJPY ?

Hope this week will be nice too because i start this week.

Cheers
Mobsie
  • #1,210
  • Mar 11, 2007 6:16pm Mar 11, 2007 6:16pm
IBFX live feed for GBPJPY.

Thurs, Fri are uptrend candles. Sunday is still forming and it seems to be an uptrend as well. So, are we looking to short upon Monday open?

http://img12.picsplace.to/img12/1/gbpjpy.png
  • #1,211
  • Mar 11, 2007 6:22pm Mar 11, 2007 6:22pm
- i personally count friday and sunday as one bar.
- there was talk of using sunday's trend for a monday entry
- i think originally the rules stated to place your order at sunday OR monday open... so if you used sunday, there has only been two "up" days and you would go long again today.

i'll go check post #1 now.
  • #1,212
  • Mar 11, 2007 7:05pm Mar 11, 2007 7:05pm
Hello - on gbpjpy do the 40 point stopped loss is count spread as well or we add so to make 50 stopped loss plz?

DW
  • #1,213
  • Mar 11, 2007 9:43pm Mar 11, 2007 9:43pm
I have been using a 40 pip stop...not adding the spread to it...I believe that is what most are doing.

Quoting driftwood
Hello - on gbpjpy do the 40 point stopped loss is count spread as well or we add so to make 50 stopped loss plz?

DW
  • #1,214
  • Mar 12, 2007 2:14am Mar 12, 2007 2:14am
Hi Everybody

I have been stopped out two times in GBP/JPY, should i stop trading for today.Pls someone suggest.
  • #1,215
  • Mar 12, 2007 2:17am Mar 12, 2007 2:17am
that is up to you.

the rules state keep entering, just remember your risk/money management.

if you are uncomfortable with it, don't trade anymore. to get full benefit from the strategy, re-enter and hopefully it will begin to trend for the day.



Quoting sanjaysingh21k
Hi Everybody

I have been stopped out two times in GBP/JPY, should i stop trading for today.Pls someone suggest.
  • #1,216
  • Mar 12, 2007 3:17am Mar 12, 2007 3:17am
This night version f was working. Unfurtunely all loosers. Last week vers.e and Rythm were working parallel on different account with them same broker. But they showed different ordertype at the same time. Karl
  • #1,217
  • Mar 12, 2007 4:58am Mar 12, 2007 4:58am
For those who are looking for a nice volatile pair to trade alongside GBP/JPY the GBP/CHF pair is showing very nice volatiility at the moment with similar daily moves to guppy...
  • #1,218
  • Mar 12, 2007 5:02am Mar 12, 2007 5:02am
Also gold is moving extremely well and looks suited for this strategy.

I started testing SL 200 and TP 500, incl. 80 pip spread.

Has any other tried this strategy on gold?

FT

Quoting petersurrey
For those who are looking for a nice volatile pair to trade alongside GBP/JPY the GBP/CHF pair is showing very nice volatiility at the moment with similar daily moves to guppy...
  • #1,219
  • Mar 12, 2007 8:13am Mar 12, 2007 8:13am
Did anybody take any positions today and what were the results?
Regards
  • #1,220
  • Mar 12, 2007 8:16am Mar 12, 2007 8:16am
Quoting bholiday
I have been using a 40 pip stop...not adding the spread to it...I believe that is what most are doing.
Hi bholiday

Are you still using your MM rules for reverses as you explained before, if yes how was your performance today?
Regards
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