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F4's Journal

  • #461
  • Mar 4, 2009 1:53pm Mar 4, 2009 1:53pm
Something I'm going to look at more closely. I got out of the habit of really paying much attention to the 100/-100 and 23.6/-23.6 lines on the Double CCI and Stoch. Yea they were there as a visual, but I was not as focused as I should be on them. Trend CCI and those levels makes for great trades. But another trade we need to look at is Trend CCI supporting trade but whether or not + 100 or -100 no matter, just on the right side of zero line and heading in the direction of trade, but the Entry CCI and Stoch....now look very closely at the 100/-100 and 23.6/-23.6 levels and the price open on the right side of the 10 sma depending if long or short trade. ohh and I over drew those levels by drawing them with the horizonal line tool in mt4 and set as draw object in background. screen shot was chart before me, nothing special. set it up and look for yourself
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  • #462
  • Mar 5, 2009 3:31am Mar 5, 2009 3:31am
I started running a EA to help me manage trades a little better and remove stress. Right now it's still in testing but I am loving it and holding trades better. less of me taking 7 to 10 pips on any bounce against my trade. I set the EUR trades to a straight 20 pip TP. I'll threw back testing try and find the highest probability TP targets for each currency and when best to pull stop up to break even and what I think about a TS being set. Here's a 20 piper from earlier on EUR and the link to the EA....

http://www.forexfactory.com/showpost...postcount=2031
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  • #463
  • Mar 5, 2009 3:37am Mar 5, 2009 3:37am
That move went a total of 52 pips but not in a straight line so far. I took 2 trades, both low stress/clean signals, both closed at +20 pips each. nice hour of work while testing this EA out.
  • #464
  • Mar 5, 2009 1:26pm Mar 5, 2009 1:26pm
I've never been much on EA's but I must say I'm loving this one and it has handled my trades perfectly so far.
  • #465
  • Mar 5, 2009 5:08pm Mar 5, 2009 5:08pm
Quoting f4mnect
That move went a total of 52 pips but not in a straight line so far. I took 2 trades, both low stress/clean signals, both closed at +20 pips each. nice hour of work while testing this EA out.
Good trade. I took a +23 pip trade on the eurusd, also stress free, but then stupid me went and gave it all back on a trade I was not patient enough to wait for. I'll make it back. Trading on high leverage, my aim is +30 a day, with tight sl. This system seems to suit my money management style perfectly.
  • #466
  • Mar 5, 2009 5:19pm Mar 5, 2009 5:19pm
F4, is there an audible signal available for this system for MT4? I'm taking far less trades than I used to, and I'm starting to find it boring sitting in front of my PC watching and waiting, drifting into daydreaming. My programing skills are dangerously useless, so I wouldn't be able to code one.
  • #467
  • Mar 5, 2009 7:25pm Mar 5, 2009 7:25pm
I took 2 this afternoon, 1 eur long and 1 jpy long both managed by the EA, both out +20 and both I wanted to close at + 10 on a small retrace. So EA's working for me.
  • #468
  • Mar 5, 2009 7:27pm Mar 5, 2009 7:27pm
What are you wanting to signal, kino has made many different versions of this indicator. main alert he built in was zero line cross.
  • #469
  • Mar 5, 2009 7:44pm Mar 5, 2009 7:44pm
Quoting f4mnect
What are you wanting to signal, kino has made many different versions of this indicator. main alert he built in was zero line cross.
I see that now, thanks. I didn't have the alert set to True in the indicator.
  • #470
  • Mar 5, 2009 9:07pm Mar 5, 2009 9:07pm
Quoting f4mnect
I started running a EA to help me manage trades a little better and remove stress. Right now it's still in testing but I am loving it and holding trades better. less of me taking 7 to 10 pips on any bounce against my trade. I set the EUR trades to a straight 20 pip TP. I'll threw back testing try and find the highest probability TP targets for each currency and when best to pull stop up to break even and what I think about a TS being set. Here's a 20 piper from earlier on EUR and the link to the EA....

http://www.forexfactory.com/showpost...postcount=2031...
this EA is similar to the ForexGuru you made me try, i like it just the Close Half setting has no limit to if your not looking at it it will always try to close half and when it like at ex 25 k order wich most brokers doesnt support, it does an error,

i will give this one a try, i like it simple less prone to do errors
Don't forget Practice + Patience + Persistence = Profits
  • #471
  • Mar 5, 2009 9:10pm Mar 5, 2009 9:10pm
what ea r u talking about ? plse let me know thanks dave
  • #472
  • Mar 5, 2009 9:35pm Mar 5, 2009 9:35pm
well click the link in my post
Don't forget Practice + Patience + Persistence = Profits
  • #473
  • Mar 5, 2009 11:01pm Mar 5, 2009 11:01pm
yea max, my biggest issue is my ability to hold a trade once it was opened. why I went to smaller time frames. daily and 1 hour chart trades were very hard for me to hold and let them run. This weekend I'll be looking at each currency I trade to get the highest probability exits and stop loses and when I feel it's best to pull stop up to break even and then will be coding and re naming each version for the currency pair. So then when I open up my charts I'll be able to just drop the right EA on each chart and focus on my entries with out the stress of taking profit. Since I have started managing my trades this way. I'm actually making more pips per trade and with a lot less stress. It works for me.
  • #474
  • Mar 6, 2009 8:27am Mar 6, 2009 8:27am
F4,

Are you still using the HA candles, specifically the alert candle and entry candle as entry criteria for a trade? Or are you mainly concentrating on the double woodie and price relative to the 10SMA?

HA candles obviously have merit, I just can't get used to them obscuring PA. I just wondered if you think you'd still be as effective without them acting as a filter.

Thanks, Matt
  • #475
  • Mar 6, 2009 3:14pm Mar 6, 2009 3:14pm
yeah, me to i have a hard time holding trades in forex and in my stocks (live), but at least i follow my rules and stick to them not like last year, when my best friend was the TOILET didnt need any ex-lax then LOL !!!

i find forex much more relaxing than stocks even tho im still in demo, especially with all the scripts we can customize,we can do other things while trading, also i can concentrate on 1 or 2 pairs, not new stocks everyday, maybe to have a same feeling than forex ill try E-Minis at least i can get to learn the index more personnaly than jumping from stock to stock

cant wait to have my papers ready to trade live in Forex, its eating me alive LOL !!!

Well with you and john giving extrmely good advise, its helping lots of traders, it feels good to be able to help others

ciao good weekend
Don't forget Practice + Patience + Persistence = Profits
  • #476
  • Mar 8, 2009 9:48am Mar 8, 2009 9:48am
The Randy candles are a tool to be looked at, but I must admit I'm not using them much and am much more focused on the guppy's/10 sma/double CCi/Stoch

Quoting Pips Queak
F4,

Are you still using the HA candles, specifically the alert candle and entry candle as entry criteria for a trade? Or are you mainly concentrating on the double woodie and price relative to the 10SMA?

HA candles obviously have merit, I just can't get used to them obscuring PA. I just wondered if you think you'd still be as effective without them acting as a filter.

Thanks, Matt
  • #477
  • Mar 8, 2009 9:49am Mar 8, 2009 9:49am
Thanks for all you offer Max
  • #478
  • Mar 9, 2009 9:36am Mar 9, 2009 9:36am
ru still using the 30 sma or the 10 sma ? sounded like your using the 10 now what r u using in the double woodie now ? f4 hows the longer time frames working out ? thanks
  • #479
  • Mar 9, 2009 11:00am Mar 9, 2009 11:00am
10 sma is the yellow moving average on the chart, 30 sma is the black moving average on double CCI. both still on chart. I'm very focused on the 1min right now. daily charts look good but I'm not actively trading them. 90% of my pips are coming from the 1min and about 10% from the 5 min
  • #480
  • Mar 9, 2009 1:14pm Mar 9, 2009 1:14pm
CHF is moving nicely right now
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