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  • #2,241
  • May 26, 2010 12:10pm May 26, 2010 12:10pm
maybe it is just a matter of time, till somebody code such a robot...

Quoting Tony112
i have my personal opinion on this, can a robot replace u, i don't think so
  • #2,242
  • May 26, 2010 1:11pm May 26, 2010 1:11pm
Quoting Tony112
i have my personal opinion on this, can a robot replace u, i don't think so
it's nearly impossible to create a robot that replace u but it can help you a lot...

so my question is how can you see when there is a support or a resistence??

and you trade the breakout or the bounce??

thanks
  • #2,243
  • May 26, 2010 2:37pm May 26, 2010 2:37pm
Quoting morfisher
Not my own analysis, you understand, I haven't got a bloody clue, I got it from the Dobrin Stoimenov guy!! it was dated 26th so I assume he meant today. Whereabouts in the uk are you? I'm in the 'grim up north' bit.
LOL Im from Blackburn lancs, but live down south now near gatwick!

ahh ok no worries.. was a little confused there... good luck with this method it works wonders when you have time to trade it
  • #2,244
  • May 26, 2010 3:03pm May 26, 2010 3:03pm
Quoting ozzieb88
LOL Im from Blackburn lancs, but live down south now near gatwick!

ahh ok no worries.. was a little confused there... good luck with this method it works wonders when you have time to trade it
Townie from Manchester.
Yes, it really is very good. I have been keeping my stops at 2 pips and I look forward to the nyse tomorrow. Tony has obviously got this to a fine art, really great that he has shared this, the charts that -ZZ posted confirmed all the proof if any were needed. We could do with a flashing blue box like those on -ZZ charts.
Cheers.
  • #2,245
  • May 26, 2010 11:17pm May 26, 2010 11:17pm
guys, i have set up this 0SL or almost...

trade on the moscow open in the russian federation... it was predictable

0SL is my life saver guys... its not a dream anymore its reality


im currently floating at 15+ the trade is set up for a min of 170 pips
and there is no way that this is going to take money from me OSL for life
Attached Image (click to enlarge)
Click to Enlarge Name: forex1.jpg Size: 43 KB
Invest in alarm clocks
  • #2,246
  • May 27, 2010 3:40am May 27, 2010 3:40am
courtesy of Tony and 0SL

epic win netted 11K
Attached Image (click to enlarge)
Click to Enlarge Name: forex2.jpg Size: 44 KB
Invest in alarm clocks
  • #2,247
  • May 27, 2010 4:09am May 27, 2010 4:09am
you're trading what, 10 lots?
  • #2,248
  • May 27, 2010 4:20am May 27, 2010 4:20am
Quoting Tony112
guys, i have set up this 0SL or almost...

trade on the moscow open in the russian federation... it was predictable

0SL is my life saver guys... its not a dream anymore its reality


im currently floating at 15+ the trade is set up for a min of 170 pips
and there is no way that this is going to take money from me OSL for life
why you enter there??
  • #2,249
  • May 27, 2010 5:17am May 27, 2010 5:17am
You ready for the open, Ozzie?
  • #2,250
  • May 27, 2010 5:20am May 27, 2010 5:20am
Yeah but not until 13:30gmt unless im mistaken mate?
  • #2,251
  • May 27, 2010 6:53am May 27, 2010 6:53am
Should we not be concerned about these brokers, I really am at a crossroads here, what if they go bust, if Oanda go bust, your in a long line of creditors, who are the brokers that have insurance against this, is Dukascopy best or MB Trading?

I think the above should be first and foremost, followed by slippage, stop hunting, spread etc.

Anyone, Tony?
  • #2,252
  • May 27, 2010 10:55am May 27, 2010 10:55am
Boy oh boy what a day. I can't wait for live trades.
  • #2,253
  • May 27, 2010 11:03am May 27, 2010 11:03am
Bounced off the resistance level 1.2230 it's now heading for 1.2400 area I reckon.
  • #2,254
  • May 27, 2010 11:33am May 27, 2010 11:33am
Quote
it's nearly impossible to create a robot that replace u but it can help you a lot...

so my question is how can you see when there is a support or a resistence??

and you trade the breakout or the bounce??

thanks

Not impossible with a good logic.
There is way to program a support or a resistence.

A good way to program a robot for this method could be :
Enter long on GBPUSD if :
5sec candle > 8 pips
The close of this candle has to be over the x previous candles (a new top)
Maybe set a rule about taking a trade only if the volatility before the >8pips candle is low (high and low of the previous candles make a range of <x pip to allow the trade)
The high of the candle is close to the close of the candle (= a small wick)
take a position on the next candle after 2 pips on the same direction (up, to confirme the force)
We should take only the A+++ but if rules are too strong, you can decrease the position size.

The remaining stuff is a piece of cake, set a SL, TP, choose the period..

The timeframe is too short to have a relevant backtest, but it can be tested on live demo.

The main difficulty here is not when to take the trade, even a monkey can do that it's to test it on real market
  • #2,255
  • May 27, 2010 11:34am May 27, 2010 11:34am
Quoting Walcott
Not impossible with a good logic.
There is way to program a support or a resistence.

A good way to program a robot for that could be :
Enter long on GBPUSD if :
5sec candle > 8 pips
The close of this candle has to be over the x previous candles (a new top)
Maybe set a rule about taking a trade only if the volatility before a candle is low (high and low of the previous candles make a range of <x pip to allow the trade)
The high of the candle is close to the close of the candle (= a small wick)
take a position on the next candle after 2...

Hats off to you if you do it... and if you do im sure we could all have a go at testing.. let us know
  • #2,256
  • May 27, 2010 12:39pm May 27, 2010 12:39pm
Here is a GU short taken this am good for 120 pips

http://i49.tinypic.com/28stzy0.jpg

http://i48.tinypic.com/dgrmv9.jpg
  • #2,257
  • May 27, 2010 1:00pm May 27, 2010 1:00pm
I use an L/wma set at 60 for a quick support/resistance level, I came across the tip here on FF.
It works really well, the price is always jumping around this area.
  • #2,258
  • May 27, 2010 4:06pm May 27, 2010 4:06pm
I was wondering where you had gone to.
Quoting -zz
Here is a GU short taken this am good for 120 pips

http://i49.tinypic.com/28stzy0.jpg

http://i48.tinypic.com/dgrmv9.jpg
  • #2,259
  • May 27, 2010 4:11pm May 27, 2010 4:11pm
Bring it on -zz
  • #2,260
  • May 27, 2010 8:39pm May 27, 2010 8:39pm
Seems like there was some dissent on the success rate of this system.
Are there traders here consistently successful when using consolidation, fast breaks, and S/R with this time frame?
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