1 lot +15 hit the target!
1 lot to break even end zero
- #22
- Edited 5:40am Apr 10, 2009 5:05am | Edited 5:40am
- Joined Jan 2007 | Status: Stochastic pipster | 1,657 Posts
- #23
- Apr 11, 2009 3:17am Apr 11, 2009 3:17am
good going melpheos!
the problem is, people always not patient enough to wait for the trade to come to them....
again...then, more and more indicator will be added.
however, that shows natural of life....different people, different ideas....its good for everybody actually.
keep it up guys.
the good place for SL is the area below candle where it makes as a guideline for fractal...same as bill william style.
or if we patient enough.....wait until it breaks the 50sma again..then close all entries.....
the problem is, people always not patient enough to wait for the trade to come to them....
again...then, more and more indicator will be added.
however, that shows natural of life....different people, different ideas....its good for everybody actually.
keep it up guys.
the good place for SL is the area below candle where it makes as a guideline for fractal...same as bill william style.
or if we patient enough.....wait until it breaks the 50sma again..then close all entries.....
- #24
- Apr 11, 2009 5:12am Apr 11, 2009 5:12am
- Joined Jan 2007 | Status: Stochastic pipster | 1,657 Posts
good going melpheos!
the problem is, people always not patient enough to wait for the trade to come to them....
again...then, more and more indicator will be added.
however, that shows natural of life....different people, different ideas....its good for everybody actually.
keep it up guys.
the good place for SL is the area below candle where it makes as a guideline for fractal...same as bill william style.
or if we patient enough.....wait until it breaks the 50sma again..then close all entries.....
The position for the SL seems to be nice i will do some backtest with this.
Also i have figured out that SMA50 is ok for M15 but might be too slow on Daily for example.
You might have to change the SMA value for longer timeframe otherwise one might miss a lot of entry (or even have no entry at all)
Here are some other ideas for exits that work (sometimes):
1) Take profit at an earlier support/resistance level if it is far enough away to provide a reasonable risk vs reward.
2) Pivot lines could be used as a target.
3) Close half at an expected target and use a trailing stop on the other half and hope for the best.
4) 100% fib expansion.
5) And if all else fails use the trusty... Crystal ball.
1) Take profit at an earlier support/resistance level if it is far enough away to provide a reasonable risk vs reward.
2) Pivot lines could be used as a target.
3) Close half at an expected target and use a trailing stop on the other half and hope for the best.
4) 100% fib expansion.
5) And if all else fails use the trusty... Crystal ball.
- #28
- Apr 20, 2009 4:53am Apr 20, 2009 4:53am
- Joined Jan 2007 | Status: Stochastic pipster | 1,657 Posts
Plus TWO... that's SIX in a row for this morning (GMT+2)!
What TF did you use for those trades ?
- #30
- Apr 20, 2009 5:10am Apr 20, 2009 5:10am
- | Joined Aug 2008 | Status: Trader | 1,210 Posts
Never sell @ lower upward channel unless breacked and vise versa .
- #31
- Apr 20, 2009 5:13am Apr 20, 2009 5:13am
- Joined Jan 2007 | Status: Stochastic pipster | 1,657 Posts
Quite classic ...
I get the trend from the H1's TF and then I use YOUR system : TF = M15 for pending orders.
Obvious Mister Watson isn't it ?
Thanks again
Best regards
BBF
Back from March 2007
- #33
- Edited 2:20pm Apr 20, 2009 10:30am | Edited 2:20pm
- Joined Jan 2007 | Status: Stochastic pipster | 1,657 Posts
- #36
- Apr 21, 2009 5:47am Apr 21, 2009 5:47am
- Joined Jan 2007 | Status: Stochastic pipster | 1,657 Posts
Attachment Good strategy Melphious, What you think ?Should have i got in on the pevious set of candles right below these ? Thanks.Tex
)
- #37
- Edited 12:09pm Apr 21, 2009 10:12am | Edited 12:09pm
- Joined Jan 2007 | Status: Stochastic pipster | 1,657 Posts
- #38
- Apr 21, 2009 12:43pm Apr 21, 2009 12:43pm
- | Joined Aug 2008 | Status: Trader | 1,210 Posts
Never sell @ lower upward channel unless breacked and vise versa .
- #39
- Edited 1:26pm Apr 21, 2009 1:14pm | Edited 1:26pm
- Joined Jan 2007 | Status: Stochastic pipster | 1,657 Posts
- #40
- Apr 21, 2009 2:06pm Apr 21, 2009 2:06pm
hi melphoes, yu are breath of fresh air i think you have th corect sytem. i think u shoud definatly not add mores indicators that would ruin it! and for exit why dont yu use th moroan trailing i think you should neverr use take profit just trail and only ever exit with trail u can go to lower time frames so rather then close position go to 1m and let trail ea do it thing. and i think u should ask people to only post trade and pictures of the same sytem you use and alocate people thr own time frame. would lov to see this a successful ea.
yu are breath of fresh air i think you have th corect sytem. i think u shoud definatly not add mores indicators that would ruin it! and for exit why dont yu use th moroan trailing i think you should neverr use take profit just trail and only ever exit with trail u can go to lower time frames so rather then close position go to 1m and let trail ea do it thing. and i think u should ask people to only post trade and pictures of the same sytem you use and alocate people thr own time frame. would lov to see this a successful ea.