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Part Time Wealth Building Trading System - Daily Scalping

  • #1,241
  • Mar 12, 2007 1:15pm Mar 12, 2007 1:15pm
Quoting Mobsie
Hello,

my first REAL day with the system and i use GBPJPY.

And is was a very hard test. My phone ring in the night on the first stop.

At the end after 3 stops i want to finish, but then i say he one more stop its now not a problem.

And the last trade was my winnig trade with more then 100 pips netto.

thats great. Thanks TK

One question, i have the problem to understand the rules for the first trade . Yesterday i start long but short will be better.

How are you going this night long or short ?

Cheers
Mobsie

Unless something drastic happens in the next few hours, tomorrow you would enter short, if you follow the rules.
  • #1,242
  • Mar 12, 2007 1:26pm Mar 12, 2007 1:26pm
Quoting skyline
Hi karl,
version 1.0f is working fine as far as I can see.
Close all your active orders, put the EA on chart , activate it before 00 GMT and see your orders opened. If it still doesn't work then copy-paste here your expert tab report, so we can check if there's some error.

cya,
Skyline
Hi Skyline,

Thanks for your EA which works fine. Someone add to the previous version (I can't find who it was) a Trailing stop and a Stop to BE. I found this very useful.
Is it possible for you to add that to the new version ?

Thanks a lot

Thierry
  • #1,243
  • Mar 12, 2007 2:02pm Mar 12, 2007 2:02pm
Quoting Mobsie
Hello,

my first REAL day with the system and i use GBPJPY.

And is was a very hard test. My phone ring in the night on the first stop.

At the end after 3 stops i want to finish, but then i say he one more stop its now not a problem.

A
Cheers
Mobsie
You know, when I am trading with real money, the phone can just keep ringing. They can call back or leave a message.
Don Life is expensive, but includes a free trip around the sun.
  • #1,244
  • Mar 12, 2007 2:09pm Mar 12, 2007 2:09pm
Quoting traderone
You know, when I am trading with real money, the phone can just keep ringing. They can call back or leave a message.
Hello traderone - I sure he mean phone ring with alert that stopped loss is hit

DW
  • #1,245
  • Mar 12, 2007 2:16pm Mar 12, 2007 2:16pm
Quoting G550
You're not alone on the fib stuff, grajo. I think you'll find that this pair has reacted to fib lines. Given that fibs are known to many traders, it doesn't seem uncommon to see prices navigate to these levels. It's certainly worth keeping an eye on if you want to add a little bit more discretion than the original system.

Thanks, it's really the first time I took a look. Interesting...and you're right, worth keeping an eye on if a trader is so inclined, and I think that even though I love the daily and it's original rules, a little help with the potential whips and what's coming up (or potentially coming up) on the rader might not hurt.
  • #1,246
  • Mar 12, 2007 2:35pm Mar 12, 2007 2:35pm
Hello DW,

yes i mean my phone ring because i received an email and then via SMS to my phone from my PriceAlert Indicator that my Stop lose is hit.

Maybe there are a better way (i mean not EA) but for me is no problem stand up in the night for few minutes. But i don`t miss place an Reserve.

Cheers
Mobsie
  • #1,247
  • Mar 12, 2007 3:07pm Mar 12, 2007 3:07pm
Is anybody here having success with either one of these EA's on Interbank feed or other Mt4 broker. I ran Rhythm v.2 on 5 pairs last nightand should've had a good profitable day today but this EA is entering some screwed up orders. I haven't run Daily v1.0f yet, but ran v1.0e and had problems. Can anyone shed some light on what's working? Thanks
  • #1,248
  • Mar 12, 2007 3:33pm Mar 12, 2007 3:33pm
Rhythm 2.0 works fine on my I B F X platforms. Also FXDD and Veloci ty4x.
Don Life is expensive, but includes a free trip around the sun.
  • #1,249
  • Mar 12, 2007 3:49pm Mar 12, 2007 3:49pm
Thanks for your reply. Rhythm didn't close a couple of trades after TP was hit, I also used the stop to BE once feature and on 2 trades it immediately moved the stop to entry on reversal and trade was stopped out, also had a 100 TP on a trade which would have made it but EA put TP 9 pips from entry. Maybe I have corrupt file? Any help or suggestions would be appreciated.
  • #1,250
  • Mar 12, 2007 4:21pm Mar 12, 2007 4:21pm
What Time Frames is everyone running the EAs on? I'm running both of them on H1. I hope that is correct.
  • #1,251
  • Mar 12, 2007 4:35pm Mar 12, 2007 4:35pm
Yes , I'm running them on one hour.
  • #1,252
  • Mar 12, 2007 6:47pm Mar 12, 2007 6:47pm
lastchance,

I had the same problem with Rhythm and just quit trying to use it ... It lost me lots of pips. I determined it is not reliable as is. I won't use it again unless thi problems are corrected. I think skyline EA has a better chance to work correctly. IMO



Quoting lastchance
Thanks for your reply. Rhythm didn't close a couple of trades after TP was hit, I also used the stop to BE once feature and on 2 trades it immediately moved the stop to entry on reversal and trade was stopped out, also had a 100 TP on a trade which would have made it but EA put TP 9 pips from entry. Maybe I have corrupt file? Any help or suggestions would be appreciated.
  • #1,253
  • Mar 12, 2007 9:17pm Mar 12, 2007 9:17pm
I am running Rhythm 2.0 on the Daily charts, not hourly. Have had some good returns on these pairs. EURJPY, GBPJPY, and USDJPY. On I B F X and F X D D.
Don Life is expensive, but includes a free trip around the sun.
  • #1,254
  • Mar 12, 2007 9:25pm Mar 12, 2007 9:25pm
Haven't heard from you in a while...hope all is well...thanks again for sharing your strategies...
  • #1,255
  • Mar 12, 2007 11:19pm Mar 12, 2007 11:19pm
Quoting bholiday
Haven't heard from you in a while...hope all is well...thanks again for sharing your strategies...
Thanks for asking. All is well by me. Last week was a very big week for me and I am just sitting back and absorbing.

This thread has taken on a life of its own and has gone in a direction that was not intended. I am not of the belief that you can rely on an EA to achieve financial security. You must be emotionally and psychologically attached to the market and the EA takes a major part of trading rewards away.

TK...
  • #1,256
  • Mar 12, 2007 11:57pm Mar 12, 2007 11:57pm
Quoting tkimble
Thanks for asking. All is well by me. Last week was a very big week for me and I am just sitting back and absorbing.

This thread has taken on a life of its own and has gone in a direction that was not intended. I am not of the belief that you can rely on an EA to achieve financial security. You must be emotionally and psychologically attached to the market and the EA takes a major part of trading rewards away.

TK...
me too,am not a believer of EA! i rather learn to fish than get the fish itself,financial independance and emotionless trading is achevied thru experiences and all the pains involved.thanks for the reassurance TK!
  • #1,257
  • Mar 13, 2007 2:38am Mar 13, 2007 2:38am
Hello sanjaysingh21k,

respect for your courage. But what happens when there are maybe 3-4 bad days with 3-4 Stops and no Return?

I think with an little account like mine or yours, then money i going to Zero.

Or say the backtesting (i don`t read about it all) that there was not so much lose days?

Cheers
Mobsie
  • #1,258
  • Mar 13, 2007 4:09am Mar 13, 2007 4:09am
My view with experts is that they can be a tremendous trading tool when used wisely but also ruinous to naive traders who just think that setting a trading robot up and leaving for the day will generate a nice smooth equity curve. A recent UK Times artice stated that 90% of all professional trading will be done by robots in the near future as advances in software systems, neural networks and the like removes much of the need for direct human interference. Markets do change however and with it the rules of trading.

For me robots are a useful trading tool providing they do what they say, yesterday proving to be a classic example.
  • #1,259
  • Mar 13, 2007 5:03am Mar 13, 2007 5:03am
Hello petersurrey,

what is normaly the max loses you take a day before you say STOP.

This day now 4 times stop lose hit. that mean when i no stop a big lose.

And if maybe next day a win, then only for close todays lose.

I mean how to find the best way for me, i know that only i can try.
But interesting for me how other people here do.

TK how do you handle this?

Best regards
Mobsie
  • #1,260
  • Mar 13, 2007 5:14am Mar 13, 2007 5:14am
Quoting Mobsie
Hello petersurrey,

what is normaly the max loses you take a day before you say STOP.

This day now 4 times stop lose hit. that mean when i no stop a big lose.

And if maybe next day a win, then only for close todays lose.

I mean how to find the best way for me, i know that only i can try.
But interesting for me how other people here do.

TK how do you handle this?

Best regards
Mobsie
I try to leave the original TK system unaltered but at the moment max. losses is 4.

I am moving stop to B/E after +100 and have the take profit set to +300 - just missed out on guppy yesterday..
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