stop wasting time on this thread,i have no personal clash with tony but i think he is just too much excited about this so called strategy which will always end you stopping out at ur stop loss.no one knows hw big institution and big players will take there entry so its just waste of time gazing all the time at the charts to catch them.
try higher time frame if you really wanna trade like big players.
Swingtrader. thanks for the input, yet I prefer conversations that move things forward, vs. flat out untested condemnation. If your strategy is working, what are you reading this for? And if it is, please be generous, like Tony, the author of this tread, and share share share. Thanks!
Trading is a equilibrium of several things MM and how good is your strategy at the end is how many pips you can get and how much you will invest.
To find out if it is a good system for me i would like to know in average how many pips one can get with this strategy in one Weak.
Because if you get +10 pips and invest 10K is one thing and you are a 10K trader.
But if your account is small you want to get more pips.
Could any of the more experience trader post some idea of the potencial of this system.
It works Ok, Tony has done a great job, yess very good. Is it good for me?
That is what i want to find out and the best is practice it, But it will take several months. So if anyone could give me a help on this i will apreaciated.
Trading is a equilibrium of several things MM and how good is your strategy at the end is how many pips you can get and how much you will invest.
To find out if it is a good system for me i would like to know in average how many pips one can get with this strategy in one Weak.
Because if you get +10 pips and invest 10K is one thing and you are a 10K trader.
But if your account is small you want to get more pips.
Could any of the more experience trader post some idea of the potencial of this system.
It works Ok, Tony has done a great job,...
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Alfredo,
This is a very robust way to trade, you have to be quick witted. You have to be prepared to devote plenty of time to watching the screen. Your profits should be larger than your losses. You have to trade from S&R levels as per Tony's many useful posts.
I suggest you first try out this method in a "Demo" account as this method is not for a "Greenhorn" who is looking for the "Holy grail".
Swingtrader. thanks for the input, yet I prefer conversations that move things forward, vs. flat out untested condemnation. If your strategy is working, what are you reading this for? And if it is, please be generous, like Tony, the author of this tread, and share share share. Thanks!
Ignored
if u asking me how do i trade then lemme tell you.i dont have any fix strategy but rather i work on a method which includes,4hr charts,pivots,trendlines.and so far it is working for me,i dont use any indicators.KISS is the formula.
Hi, After doing a bit of research, I have not yet found a CI or the way that I could adjust the price channels to be fixed on my MT4 charts. Up until now, I have never needed this, yet in trading this system, I find it would be of great benefit to not constantly have your check chart on right to see how big price channels are, as they are adjusted automatically. Anybody help? Thanks!!
This is a very robust way to trade, you have to be quick witted. You have to be prepared to devote plenty of time to watching the screen. Your profits should be larger than your losses. You have to trade from S&R levels as per Tony's many useful posts.
I suggest you first try out this method in a "Demo" account as this method is not for a "Greenhorn" who is looking for the "Holy grail".
Regards.
BabeFX."
Hello BAbeFX thanks for your reply
But still not the replay to the question that seams no one want´s to replay that is. How many pips in average can this metod or has this metod prove has give for the more experience traders.
If i have the replay to this i can decide if i want to give it a try and spend or not 6 months or what time it takes to learn it well.
BAbeFX i´m not a big user of FF lots of confusion here, but i´m studing forex for more than 3 years and i´m not looking the Holly Grail in here or anywere. I´m at the moment more consistent and i know that even the best traders never stop their study and always keep a open mind. Well that is what i try to do and this way of trade call my atention to post and try to know a little more. I realy don´t whant to use it as a system. That for me is giving up lots of good a usefull stuf that i´m shore that works for months. But i see it as a tecnic or tooll or what ever you want to call it that can be part of my box of tecnis and market understanding, or chart knowlege if you want to call it. To use it only as a system, that is not what i look for at the moment.
To prove that this tecnic can be part or my trading box is what i look at and is something that i should give it some work, Taht is why i want to know what average weakly pip can or has been achived with this metod?
Easy question.
Tony can be making millions of $ if i have a system that gives me 10 pip a day and i invest 10 000 000$ a trade well, with that MM it will pay.
But if my account is a small account i need more pips. A 1000$ account 10 pips a trade is nothing 50 pips is more.
But why no one want´s to share this information? Why no one want´s to reply to the simple question. How many pips can i make in average per weak?
You want me to spend 6 months to find it out? If you could share some of your experience? I tell you depending of that reply and regarding my MM i can take my conclusions about this tecnic or system if it is for me or not.
I dont know if i was clear.
But since i see good traders in here i hope that someone replay to my question.
And dont simple tel me that this is great and need hard work and is not for everyone and Tony has made an excelent work.
It is obvious trading needs hard work, and trading is not for everyone not just this metod, and Tony has made a good work as some other traders. Few are those that have share good knowlege about trading, and looks like that Tony has give some work here. Nice, well done and thanks.
Well i hope to have some reply.
BabeFx would you share your pip results in a the last months of trading this metod?
a common misconception here in FF seems that effecient use of MM can turn a losing strategy to a winning one.
But that's not true. MM is simply the process in which u manage risk, otherwise known as variance.
To answer your question, I've written a script and ran tony's idea(the most barebones, as listed on first post)for a couple of weeks. This strategy has such high variance value that the almost hundred trades I've had on it is deemed statistically inaccurate.
Basically, you're not going to keep leaking 3 pips in a long string of trades like some ppl have been saying. In fact, if you move your TP from BE to 3-6 pips profit everytime u cross 20-30 pips, u can smooth out your drawdowns quite a bit.
Most doubters in this thread i believe misunderstand the idea behind tony's strategy here. It's not about finding a signal to predict the movements of big players. It's about riding the wave when big players come in, so that you have a high chance of securing a free trade. This strategy doesn't guarantee that the trade will always continue in a trend towards it's TP, but it gives u a good chance of a free trade. And anyone with a rudimentary grasp of mathematics knows that as risk approaches 0, any probable gain, no matter how small, has value approaching infinity.
In other words, this success of this strategy depends on how well u enter it to achieve near 0 risk. Which is why most bots have failed. Not because automated trading is doomed to failure(another misconception), but because for some strategies such as this, discretion is heavily needed.
Hi, After doing a bit of research, I have not yet found a CI or the way that I could adjust the price channels to be fixed on my MT4 charts. Up until now, I have never needed this, yet in trading this system, I find it would be of great benefit to not constantly have your check chart on right to see how big price channels are, as they are adjusted automatically. Anybody help? Thanks!!
Ignored
i'm not quite sure what u're asking for here. An indicator? perhaps u would like to elaborate and i'll see what i can do
As you are looking at charts on MT4, the price( channels) up and down the right hand side of the screen (i.e. space between channels on the local chart) sometimes shows 1 pip, sometimes pip and a half, sometimes more, and sometimes less. I'd like it to be able to be fixed to be a constant, that way I wouldn't have to check it as one more thing to look at right before I take a trade, as I have read of multiple others in this thread who have entered thinking the candle was bigger, say, bigger than 7 pips, only to find out once they're in trade that the pip channels at that point were only like a pip a piece, and so their candle which they thought was bigger, was actually only 2 or 3 pips or something like that, thereby giving them a "false signal".
Thanks in advance.
As you are looking at charts on MT4, the price( channels) up and down the right hand side of the screen (i.e. space between channels on the local chart) sometimes shows 1 pip, sometimes pip and a half, sometimes more, and sometimes less....
As you are looking at charts on MT4, the price( channels) up and down the right hand side of the screen (i.e. space between channels on the local chart) sometimes shows 1 pip, sometimes pip and a half, sometimes more, and sometimes less....
Ignored
don't think u can actually set the y axis values in mt4, but i have script that used to send me an alert when price has moved 8 pips over 5 seconds. Note that it doesn't detect on a 5 second bar, but sends the alert when 8 pips have moved over any 5 1 second bars.
attach to 1 second chart.
disclaimer: i kinda cleaned it up alot coz this was something i came up on the fly to do lots of misc tests. It compiles and should work. I'm just not sure how well.
I can not see how you could possibly benefit from seeing my trading results relating to this method.
No two traders are going to enter at exactly the same level & it is highly unlikely that they are going to exit at the same level.
Tony has posted many charts & endless text outlying this method.
I restate my previous advice to you "TRADE IT IN DEMO" before gambling a penny, or better still open a "Micro account" & trade it small, without the associate stress that trading big values would impose on you.
a common misconception here in FF seems that effecient use of MM can turn a losing strategy to a winning one.
But that's not true. MM is simply the process in which u manage risk, otherwise known as variance.
To answer your question, I've written a script and ran tony's idea(the most barebones, as listed on first post)for a couple of weeks. This strategy has such high variance value that the almost hundred trades I've had on it is deemed statistically inaccurate.
[color=Blue]Basically, you're not going to keep leaking 3 pips in a long string...
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Hi deathbait,
I have just had a quick look back over my recent results trading this method & I must say that if I had moved my stops to lock in 3-6 pips profit on each of trades I exited on B/E I would be looking at a much better ROI.
Babefx well just to get an idea how this has been working for you in a consistent way, mitgh give me some insite of this. I see lots of charts here but i dont see all the possible charts from all trading days.
But it seams That no one has no clear stats of it. Or simple dont want to post a realy clear number.
Like:
"In the last 10 weaks my pip average is 30 pips a day."
Mabe i´m asking to mutch?
Looking at ones progress and results can help a lot in this busyness.
zz I have yours on the charts, and yes, that is what I was looking for. bait, I have not checked yours' yet, and I am hesitant to add much while looking for pips, yet I am gonna check them, and I appreciate both of your responses. Happy pippin'!
Well it has been pretty slow in here tony. Do you have any charts recently. I am wondering if these institutions have taken a break uno. I like this system very much, albeit a lot of screen time. I am wondering if after the first, say two hours, of the opening est time, if one should say, ok thats it, not going to happen if you will.
In between other systems, your strategy is fantastic, it works to great effect.
I use a 2 pip stoploss, great MM. You will not need many big ones to cover this and your spreads.
I just love this, many thanks Tony, it will, I am sure, always be part of my ; o my god its the open on a 5sec chart feeling.
Do you have other gems!!!!!!!
I am only just starting out, but I will always share these, I am still on demo, I having nothing to lose. Anyone else have little gems like Tony's.
Lets share what we know, it is the only way forward.
