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5 minute trade

  • #41
  • Feb 9, 2010 11:31am Feb 9, 2010 11:31am
Quoting redbeben
Hi,

do you apply any TP and SL to this system?

I am using it now and it looks great so far.5 winning transactions in a row but if all indicators show you a buy or a sell do you stop the trade when the indicators will eventually show you different?
remember if you see that all the indicator are starting to go the apposite of your trade exit it mean the trend is changing when i start my day i look at the 4H chart to see when is heading.
  • #42
  • Feb 9, 2010 11:34am Feb 9, 2010 11:34am
Quoting redbeben
Hi,

do you apply any TP and SL to this system?

I am using it now and it looks great so far.5 winning transactions in a row but if all indicators show you a buy or a sell do you stop the trade when the indicators will eventually show you different?


for the tp and sl TP 3-10 SL on a 10 lot size 30-50 that 300-500 my goal is 500 per day once i reach that goal am done trading for the day.
  • #43
  • Feb 9, 2010 11:53am Feb 9, 2010 11:53am
Quoting fabreu30
the big lost it was my mistake i couldn't stay up and i fell a sleep
Aw bless ya haha! Your english is fine man what is your native language?
  • #44
  • Feb 9, 2010 12:07pm Feb 9, 2010 12:07pm
Quoting Sim
Aw bless ya haha! Your english is fine man what is your native language?

i know dude Spanish. English is my second language.
  • #45
  • Feb 9, 2010 12:12pm Feb 9, 2010 12:12pm
Ah cool! Well to be fair your setup looks like it takes out the stress of scalping far more than most! EU only seems best right? Don't see a reason to do UJ too
  • #46
  • Feb 9, 2010 12:15pm Feb 9, 2010 12:15pm
Quoting Sim
Ah cool! Well to be fair your setup looks like it takes out the stress of scalping far more than most! EU only seems best right? Don't see a reason to do UJ too

check the 30M chart EUR/USD you see less arrows but they are deadly accurate
  • #47
  • Feb 9, 2010 12:17pm Feb 9, 2010 12:17pm
Dunno why I naturally studied it on m1!! Doesn't look too bad there..
  • #48
  • Feb 9, 2010 12:24pm Feb 9, 2010 12:24pm
Quoting Sim
Dunno why I naturally studied it on m1!! Doesn't look too bad there..
that cool but be careful with the fakes arrows
  • #49
  • Feb 9, 2010 12:32pm Feb 9, 2010 12:32pm
$129 nice trade in less then one minute
  • #50
  • Feb 9, 2010 12:36pm Feb 9, 2010 12:36pm
I feel the greed in my soul it scary need to learn how to control it. all i think is going to Cuba and have some mojito.
  • #51
  • Feb 9, 2010 12:39pm Feb 9, 2010 12:39pm
control it by knowing live is nothing like demo!! guaranteed

so start small kick yourself every time u risk/lose over 2%
  • #52
  • Feb 9, 2010 12:40pm Feb 9, 2010 12:40pm
50 lot $170
  • #53
  • Feb 9, 2010 12:44pm Feb 9, 2010 12:44pm
Attached Image (click to enlarge)
Click to Enlarge Name: report 2.jpg Size: 111 KB
  • #54
  • Feb 9, 2010 12:47pm Feb 9, 2010 12:47pm
Quoting Sim
control it by knowing live is nothing like demo!! guaranteed

so start small kick yourself every time u risk/lose over 2%
thank i will went live 2 year ago i blew my account i was making about $500 to $2000 per day i got to greed and i was a newbie to forex well i still feel like a newbie it just i feel the system is working form me im able to c the price action. But if i do go live i will keep it small.
  • #55
  • Feb 9, 2010 12:54pm Feb 9, 2010 12:54pm
Nice man. What I do is keep the counter in terminal as pips only, the compounding takes care of growing your account...it helps eliminate the greed when you see it in $ you always want more for win and less for loss lol
  • #56
  • Feb 9, 2010 12:57pm Feb 9, 2010 12:57pm
Quoting Sim
Nice man. What I do is keep the counter in terminal as pips only, the compounding takes care of growing your account...it helps eliminate the greed when you see it in $ you always want more for win and less for loss lol
thnk sim l
  • #57
  • Feb 9, 2010 2:18pm Feb 9, 2010 2:18pm
hi,
I just took a nice 5 pip demo trade on ur system ...
It looks good..
Can u elaborate on the exit rules a bit..
Like when exactly do u exit
Also u say something about some arrows .. i did see some of them on the 30 mins chart some time back but they were all mixed up...
Do u use 1M or 5M for trading ??

My gut feeling says that either keep a 5-10 pip TP and look for EMA if they crossover earlier then exit... what do u have to say
  • #58
  • Feb 9, 2010 4:17pm Feb 9, 2010 4:17pm
Quoting igauresh
hi,
I just took a nice 5 pip demo trade on ur system ...
It looks good..
Can u elaborate on the exit rules a bit..
Like when exactly do u exit
Also u say something about some arrows .. i did see some of them on the 30 mins chart some time back but they were all mixed up...
Do u use 1M or 5M for trading ??

My gut feeling says that either keep a 5-10 pip TP and look for EMA if they crossover earlier then exit... what do u have to say
Yes on the 30m you see that the system is more accurate with the arrows
and yes i use the 5m to trade. and i take from 3-5 pip it depend on the lot size if i do 50 lot i go for 1-2 or 3 pip the most.
  • #59
  • Feb 9, 2010 5:04pm Feb 9, 2010 5:04pm
Does anyone know the indicator for the arrows?, They are not showing on my template that I downloaded...Any hints...

JIm
  • #60
  • Feb 9, 2010 5:33pm Feb 9, 2010 5:33pm
Quoting jimbnc
Does anyone know the indicator for the arrows?, They are not showing on my template that I downloaded...Any hints...

JIm
Cross EMA 5 10
Attached File(s)
File Type: mq4 EMA Crossover Signal.mq4   4 KB | 544 downloads
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