As I read all posts, I can see many people believe in a system which can let them earn a lot of money without any effort. Think twice before setting up any system ! Do you understand the system you are going to set up ? Is it a really profitable system in all conditions ? etc... Thanks for sharing of course, but please be critic coz you could be very surprised of the results (bringing most of time to blow up your account).
Do you think it is really a system ? According to me it is only an entry level. No real strategy for stop loss, no real strategy for TP level, and no information about the key of success : size of position !!!!! And you are ready to install it on your MT4 platform ?! I can even read that someone is ready to set it up whereas he doesnt know what is an "EA".
It may be the begining of a profitable system, but we can't be sure of that!!! So please use your brain a little bit and try to improve it instead of setting it up on your MT4 platform.
Do never forget Money Management (size position) is the key of the success.
men..
be carefully with scalp trades...everbroker hate this method..principaly if you'll running some EA... in a back test, great...Live account...terrible, an manualy, risk/ratio so larger..
I dont understand a shit of how to implement his system. The indicator he provided is very useful(looks like an oscillator). Just look at historical data and shows oversould overbought states very well.
I've been using this system for the last few days with excellent results more then 40 pips per day. Back testing shows me that this system can create great results. I think an expert would do extremely well with this, if anyone is interested to code it. Here goes the system:
Eurusd 15 min chart
AO settings 2, 15
stop loss 15 pips including spread.
take a trade when it moves above or under 10 - wait for the bar to finish.
take profit is dictated by stop and reverse (this where an EA will make good use)
trail 10 pips.
if you have 3 consecutive...
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dav,
What time of the day do you use this system? I'm in the Central Time Zone and I'm wondering if this would be effective in the evening?
Hi All, Been going through this strategy for the last week or so and im getting very, very good results. It's easier if you draw a line on the AO. 0.00010 -0.00010 Or just add levels. Im trading this off Trading view and ive set an alert on my phone for every cross of the lines i made. This works on the majors. Im up 4% this week by placing a 15 pip sl and a 15 pip target. I placed 20 trades. I won 15 and lost 5. Very simple but very effective and mechanical. If anyone would like a screen shot or anything i would be willing to help.
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Hi. I've been looking at that and i don't think it's really profitable. Lost of bad entries. What iI'm doing is what appears at the screenshot. It's thre bars at more of 0.001 and the candles are all bullish. In that case not the third one, but it's not a clear bearish. So, i 'll do the trade. SL and TP at 15 pips it's OK.
Hi All, Been going through this strategy for the last week or so and im getting very, very good results. It's easier if you draw a line on the AO. 0.00010 -0.00010 Or just add levels. Im trading this off Trading view and ive set an alert on my phone for every cross of the lines i made. This works on the majors. Im up 4% this week by placing a 15 pip sl and a 15 pip target. I placed 20 trades. I won 15 and lost 5. Very simple but very effective and mechanical. If anyone would like a screen shot or anything i would be willing to help.
Ignored
Then, another caseit's the next... In that case, the third candle is clearly bearish, so i won't trade. Of course, that supose that it won't be many trades, but hope it can be used in other currencies, not just EURUSD. So i'll try it and let you know.
Of course, if you want to keep in contact for that strategy you can contact me at [email protected]
