I just opened this thread for the first time. The first line says that you are not using this on live accounts not as stated in Post 470.
But I also saw your comments later on after that post. Are you still using the setup suggested in post 1.
The reason I ask this question is that if post 1 is still correct then i will read the thread from start else i will read the thread from post 470 onwards.
I just opened this thread for the first time. The first line says that you are not using this on live accounts not as stated in Post 470.
But I also saw your comments later on after that post. Are you still using the setup suggested in post 1.
The reason I ask this question is that if post 1 is still correct then i will read the thread from start else i will read the thread from post 470 onwards.
Thanks
Ignored
Hi Ashish, I am indeed using this method, and made nearly 70% just this week with it.
The reason I posted not to use it live is because this system is a "no-loss" system, at least the way I have described it (others obviously may trade it differently) and because of that there is no "exit" described, per se. The exit is "when in profit" so there is a risk of losing your account if trading it as I teach in the first post.
Basically, I want to discourage newbies from jumping into a live account because they see "no loss", without knowing the risks and using good judgment on their trades.
Hi Ashish, I am indeed using this method, and made nearly 70% just this week with it.
The reason I posted not to use it live is because this system is a "no-loss" system, at least the way I have described it (others obviously may trade it differently) and because of that there is no "exit" described, per se. The exit is "when in profit" so there is a risk of losing your account if trading it as I teach in the first post.
Basically, I want to discourage newbies from jumping into a live account because they see "no loss", without knowing...
Ignored
Would it be possible for you to post all of your trades next week? I've done well, but you're doing better!
Here some data to look over if you guys are interested. It takes the 5M close from the GBPUSD and subtracts it from EURUSD. The graph shows the delta range over the last 600+ 5M candles. It would seem that an entry could be made long with both pairs when the value is < .1900 and short when > .2000 and close when in profit. Just a thought...
Here some data to look over if you guys are interested. It takes the 5M close from the GBPUSD and subtracts it from EURUSD. The graph shows the delta range over the last 600+ 5M candles. It would seem that an entry could be made long with both pairs when the value is < .1900 and short when > .2000 and close when in profit. Just a thought...
Ignored
Wow, that is unbelievable; how do you math whiz's do stuff like this with Excel? Great job!
Now, to make this practical, so we don't have to do the subtraction in our heads, or manually, is there a way to see at any given time what the number is?
By the way, this Excel sheet validates this method of trading, showing the probability to be very high when going long at less than 1900 and short at greater than 2000.
Any chance of making this up for USD/JPY and EUR/JPY?
Here you go DL... 30M close EURJPY vs. USDJPY on ~ 2000 data points.
Ignored
Thanks lcfxtrader, this is perfect. My only question now is, how can we determine these numbers in real time, without having to do the calculations manually?
Perhaps a coder here on FF can create an indicator that would do the same calculations specific to the trader's time frame. MT4 also has DDE for excel, however, I have never used it.
Do not trade this method live, until you have read the entire thread.
Greetings,
Several on here are posting hedging strategies, so I thought I would post one I have been trading for about a week. It has all been positive because I do not use stop losses. I am posting this here because people are usually able to pick holes in the strategy and show where it would fail, and I want to know this before I keep trading it. Here it is:
1. Go do dailyfx.com and click on "charts" and "live charts" and open up a EUR/USD.
2....
Ignored
I tried this idea.
I got killed.
It's a SPREAD- not an arbitage!
The spread can either get bigger or smaller.
There is NO way of knowing.
It's just gambling.
Ahem... however you want to dress it up trading=gambling so you,ve failed at this method and will try others no doubt...
You can chart spreads like any other instrument to get a feel of how it moves, nobody knows for sure how any pair or index moves or we'd all be millionares...Doh!
I tried this idea.
I got killed.
It's a SPREAD- not an arbitage!
The spread can either get bigger or smaller.
There is NO way of knowing.
It's just gambling.
Thats great - Can explain how you export the data into excel?
thanks
Red
Ignored
Go to tool>. History center. Click on pair u want then double click time frame u want. Once times come up there will b an option to export. Click this and it will export numbers to excel. If u r compairing two pairs b very careful. Sometimes history is more complete for some pairs and less for others. Just make sure your times match as u compare numbers
I have yet to export data for two pairs and have all the times match perfectly. Its tedious but you have to go through it and match everything up and delete missing times.
Ahem... however you want to dress it up trading=gambling so you,ve failed at this method and will try others no doubt...
You can chart spreads like any other instrument to get a feel of how it moves, nobody knows for sure how any pair or index moves or we'd all be millionares...Doh!
Ignored
The following is addressed to junior member "Finally":
Everything you have said above applies to every trading methodology ever made.
However, this is a trading forum, so if all you want to do is speak negatively about trading, why not make your own thread and call it "I can't make trading work, it's gambling, and we should not be doing it"?
Why are you closing at a loss? Why not hold on until a profit? To each his own I guess, but I don't close until in profit. It's up to you.
It takes experience to know how much of a gap is a good entry. After awhile you can just spot it by eyeballing it. Like yesterday, that was the biggest split I have ever seen, it happened within an hour, and there was just no way to lose on that one.
Ignored
So like jeffreytp, you don't close a trade even when pairs cross each other, right? You wait with closing untill you see some profit, correct?
T.E. Lawrence, are you still doing the 1 minute scalping with this system? If so, how is it going?
Ignored
Well, it's too much of a hassle. 30min tf is very profitable and you're not glued to the screen. With 1min you have to watch a trade almost constantly. Besides there is crazy repainting on 1min tf, even in FXCM Marketscope, so after a while you see a totaly different chart - hard to average something you lost a sight of. I think 30 min is great. There are so many correlated pairs to trade with this strategy, that you don't have look in smaller tf's for trade opportunities.
a few scripts for easy trading. these should work will all standard lots. to change to mini just go to editor and put m behind each symbol.
the scripts are for the following pairs
Eur/Usd and Gbp/Usd
Usd/Jpy and Gbp/Jpy
Gbp/Usd and Gbp/Chf
Usd/Jpy and Eur/Jpy
Usd/Jpy and Eur/Chf put scripts in expers>scripts folder, restart mt4, click on navigator, then "+" beside scripts. this will drop down all the scripts. when you see the one you want just double click it. it will then bring up screen either input screen - set to default 0.1 lots or it will bring up common tab screen. make sure to click allow live trading. maybe these will help. now you don't have to click on 2 different screens and make the trade. just bring up what ever you want to trade and both trades will be executed at extacly same time
