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DTFD - Dot Trading for Dummies

  • #61
  • Mar 24, 2010 2:50am Mar 24, 2010 2:50am
Both trades worked out to plan.

Collected a total of +424 pips, 3 entries on GU and 2 entries on EU. Encouraging.

Will continue testing to see if this has merit.

Wish you all success

Regards
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  • #62
  • Mar 24, 2010 9:11am Mar 24, 2010 9:11am
Back in the office.

Received a possible exit on EU - but will only be confirmed when the bar closes. I like this. This would have allowed me to capture the bulk of the move.

I exited early due to me leaving the office. Do not want to take chances with leaving trades open on 30 min.

Will continue to test and observe if this design works in terms of capturing high probability portions of cycles. I do know it will not always be as easy as the last move. For sure. The test will still come to see if this is robust enough to trade.

Regards
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  • #63
  • Mar 24, 2010 9:16am Mar 24, 2010 9:16am
I'm watching eu, gu, au, ej since before the start of NY open. Looks like the signals I saw at close of NY yesterday (as confirmed by your trades) were good. Interesting to say the least.
  • #64
  • Mar 24, 2010 9:18am Mar 24, 2010 9:18am
Nothing wrong with a trade manager ea to help Tau. I use a simple break even + whatever to cut my risk.
  • #65
  • Mar 24, 2010 9:22am Mar 24, 2010 9:22am
Quoting calderone
I'm watching eu, gu, au, ej since before the start of NY open. Looks like the signals I saw at close of NY yesterday (as confirmed by your trades) were good. Interesting to say the least.
Please continue to follow with me...should you feel like it.

Please also give your observations as we go. Thank you for taking the time to post. Always appreciated.

My highest regards
  • #66
  • Mar 24, 2010 9:26am Mar 24, 2010 9:26am
What do you make of signal 1 with the trigger appearing inside it?
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  • #67
  • Mar 24, 2010 9:28am Mar 24, 2010 9:28am
Quoting calderone
Nothing wrong with a trade manager ea to help Tau. I use a simple break even + whatever to cut my risk.
Good day to you,

Tell me more! You are right - a manager will allow more freedom. Are you willing to inform me further? I would appreciate your input in this regard..

regards
  • #68
  • Mar 24, 2010 9:34am Mar 24, 2010 9:34am
Quoting TauTrader
Good day to you,

Tell me more! You are right - a manager will allow more freedom. Are you willing to inform me further? I would appreciate your input in this regard..

regards
My thoughts are that you take into account the volatility on the pair/stop loss size etc, maybe the size of the fractal movement and guestimate.

I will post my trailing ea for all to use. I don't remember where I found it or who created it. It works great though! Several options if you study it.
Attached File(s)
File Type: ex4 Trailing_EA.ex4   12 KB | 409 downloads
  • #69
  • Mar 24, 2010 9:45am Mar 24, 2010 9:45am
Quoting calderone
What do you make of signal 1 with the trigger appearing inside it?
Good day to you,

The rule 1 indication ( hollow dot) may and will change position from time to time. But only in a strong move scenario - it will pull the Snake indi down faster - making the initial cross move back. So not too sure. BUT - I have witnessed these as well - and could well be a sitting duck.

The only indicator not able to move itself, is MAMA. Both the Rule1 as well as the trigger "1" dots, may appear / disappear as they try and establish possible crosses.

I will not take any trade unless MAMA has spoken. But you have raised something I will observe.

The ultimate plan, will be to have a non-emotional plan. No thinking. SL given on the chart. TP/exit given on the chart. Entry given on the chart. Dot trading for dummies...

All this with high probability. No grail - just a good chance.

I shall watch your observation.

Thank you for the contribution. Appreciated

Regards
  • #70
  • Mar 24, 2010 9:49am Mar 24, 2010 9:49am
Quoting calderone
My thoughts are that you take into account the volatility on the pair/stop loss size etc, maybe the size of the fractal movement and guestimate.

I will post my trailing ea for all to use. I don't remember where I found it or who created it. It works great though! Several options if you study it.
Good day,

Thank you for posting the EA - I will surely study and implement. This will add value. Thank you again.

Warm regards
  • #71
  • Mar 24, 2010 9:52am Mar 24, 2010 9:52am
Remember to refresh your chart with every bar close. This to be done by going one timeframe up, or one timeframe down - and then back.

I will ask some of the coding gurus to see if they can sort out the refreshing issue. But this is about the only work you need to do...

Regards
  • #72
  • Mar 24, 2010 9:52am Mar 24, 2010 9:52am
Quoting TauTrader
Good day to you,

The rule 1 indication ( hollow dot) may and will change position from time to time. But only in a strong move scenario - it will pull the Snake indi down faster - making the initial cross move back. So not too sure. BUT - I have witnessed these as well - and could well be a sitting duck.

The only indicator not able to move itself, is MAMA. Both the Rule1 as well as the trigger "1" dots, may appear / disappear as they try and establish possible crosses.

I will not take any trade unless MAMA has spoken. But you have raised...
Hmmm. I did not get to observe this in real time so as you advise-it must have moved itself. I think it is important to follow the rules as well-wait for mama!

Still watching ej closely.

You are very welcome and happy I could help in any way with trade management.
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  • #73
  • Mar 24, 2010 9:58am Mar 24, 2010 9:58am
Quoting calderone
Hmmm. I did not get to observe this in real time so as you advise-it must have moved itself. I think it is important to follow the rules as well-wait for mama!

Still watching ej closely.

You are very welcome and happy I could help in any way with trade management.
Watching as well....

Rule1 in place. Rule 2 in place...

Now we wait for a red "1" dot. Once formed, we wait for the blue "1" to form. the bar has to close with the dot in place. SL will be at the blue MAMA dots...

Let's see

Regards
  • #74
  • Mar 24, 2010 10:03am Mar 24, 2010 10:03am
Quoting calderone
Hmmm. I did not get to observe this in real time so as you advise-it must have moved itself. I think it is important to follow the rules as well-wait for mama!

Still watching ej closely.

You are very welcome and happy I could help in any way with trade management.
I have to add...

I do not really like entries too far ahead of the MAMA signal. The closer, the better. Will rather wait and get back as close as possible to the MAMA before entry. If all rules are still valid...

This ensures a smaller SL with a better chance to succeed.

Regards
  • #75
  • Mar 24, 2010 12:47pm Mar 24, 2010 12:47pm
Now we have a new short entry on EU. Everything feels wrong.. Too low down. " Surely has to retrace 50% of the move down". Rules are rules. Have to enter... exit at the next blue "1" dot.

SL @ 1.3381 .

Will see.

Regards
Attached Image (click to enlarge)
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  • #76
  • Mar 24, 2010 12:56pm Mar 24, 2010 12:56pm
Quoting TauTrader
I have to add...

I do not really like entries too far ahead of the MAMA signal. The closer, the better. Will rather wait and get back as close as possible to the MAMA before entry. If all rules are still valid...

This ensures a smaller SL with a better chance to succeed.

Regards
At last found You
Hope u start ur own thread bro
You are one of few good traders on all FF
My trade still on Play
Attached Image (click to enlarge)
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  • #77
  • Mar 24, 2010 12:57pm Mar 24, 2010 12:57pm
Quoting TauTrader
Now we have a new short entry on EU. Everything feels wrong.. Too low down. " Surely has to retrace 50% of the move down". Rules are rules. Have to enter... exit at the next blue "1" dot.

SL @ 1.3381 .

Will see.

Regards
I didn't like that either and felt it was too far away from #2 and #1 without a retrace. Also the rsx indicator I have on my template was mid range-possible filter.

Runs are done for today I think. Need a retrace after consolidation. Of course I am often wrong.
  • #78
  • Mar 24, 2010 1:00pm Mar 24, 2010 1:00pm
Quoting egkid
At last found You
Hope u start ur own thread bro
You are one of few good traders on all FF
My trade still on Play
Good day to you,

Looked like you picked a perfect top. Well done! Awesome trading.

Do pop in from time to time. Good to "see" you.

Regards
  • #79
  • Mar 24, 2010 1:06pm Mar 24, 2010 1:06pm
Quoting calderone
I didn't like that either and felt it was too far away from #2 and #1 without a retrace. Also the rsx indicator I have on my template was mid range-possible filter.

Runs are done for today I think. Need a retrace after consolidation. Of course I am often wrong.
Yip - agree.

But the only way to test this properly, is to act - without emotion. Signal after signal....

The nice thing is, that even if this fails, the SL is defined. The TP is defined. Therefor the risk is limited. No holding onto a loser. Will be cut when the chart / indi tells me to.

And that I like a lot.

Thank you for your contributions today. Enjoyed the interaction. Going to bed. See tomorrow.

Regards
  • #80
  • Edited 1:20pm Mar 24, 2010 1:09pm | Edited 1:20pm
Quoting TauTrader
Good day to you,

Looked like you picked a perfect top. Well done! Awesome trading.

Do pop in from time to time. Good to "see" you.

Regards
Good day to you Dear TT
My previous trade from 1.6380 and all tp3 hit exactly @ 4780

Now enter again sell above 1.53 my Weekly chart
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