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  • #521
  • Sep 24, 2010 3:26am Sep 24, 2010 3:26am
care to share?

Quoting bluemele
Gosh, I hope not. I am sure he is just on a break? I think he was trading pennies, so I doubt $4.50 will break him.

I loaded this platform onto instaforex... I was then looking at my indicators and my eyeballs about exploded! I couldn't believe their spreads! WOW!!!!

TERRIBLE! No wonder they can give back a measly 1.3 pips when they are taking so much. I thought this system would work on every broker, but not even close to that one.
  • #522
  • Sep 24, 2010 3:41am Sep 24, 2010 3:41am
Quoting shag3doo
#3 trade opened a good position and is now trying to breakeven the 3 earlier trades opened using the EAS settings from the panel.

note i switched using steve w/ trend, all bob's EA true.

http://www.mt4i.com/users/karlowe_ong

will continue to monitor how things go for testing purposes, i'm not manually intervening and just watching/monitoring.

Hi Shagdoo. This is a fantastic trend.

Can you share which version you are using and your setup?
  • #523
  • Edited 4:05am Sep 24, 2010 3:52am | Edited 4:05am
@Zr-fx

i'm using steve's latest version w/ scoob's conditions in place. it's managing the trades properly but since it's set to breakeven when a trade goes bad it's not really earning much.

i'm testing 2 EA's simultaneously.
NB rules = lot sizes of 0.05
- All NB EA = True
- Scoob mode = True

martingale EA = .1

it's a little out of topic but i'm using the martingale system in a non martingale way trying to apply the recovery system of 113. the difference is i dunno what logic is in place but it allows the trade to breathe in some profit before closing.

anyway this is just a test account, my real account is nowhere near this (obviously the lot sizes are aggressive). that's man 0, machine 1
  • #524
  • Sep 24, 2010 4:04am Sep 24, 2010 4:04am
Quoting bluemele
Gosh, I hope not. I am sure he is just on a break?...I couldn't believe their spreads! WOW!!!!

TERRIBLE! No wonder they can give back a measly 1.3 pips when they are taking so much. I thought this system would work on every broker, but not even close to that one.
I hope not as well, he is a charismatic fellow and fun to have around. Blue you should also compare the price feed as well, I am sure you will be shocked even further. I had an account with Tadawul and once I compared their feed with ibfx and Gain. Not only their spread was double theirs but also the price spread was another whopping 10 pips in their favour. Needless to say I closed the account shortly afterwards.

Kind Regards
  • #525
  • Sep 24, 2010 4:11am Sep 24, 2010 4:11am
i'm on tadawul so far so good. the problem is starting lot is 0.05 with a step of 0.05 too so broken lot sizes are not allowed.
  • #526
  • Sep 24, 2010 7:06am Sep 24, 2010 7:06am
Quoting Zr-fx
Hi Shagdoo. This is a fantastic trend.

Can you share which version you are using and your setup?
wow great job.... just a little (little???) bit overleveraged imho, but anyway great permormance!

here's mine with 1/10 of your lot size, and mart amazing dashboard:
http://www.myfxbook.com/members/dvdr...ingbob-5/48542

ps keep my fingers crossed for your eurusd position!!

i stayed away from that due to the pure speculative behaviour of the last 4 weeks...and to my adds to this wonderful system!
  • #527
  • Sep 24, 2010 7:39am Sep 24, 2010 7:39am
Quoting astral77
I hope not as well, he is a charismatic fellow and fun to have around. Blue you should also compare the price feed as well, I am sure you will be shocked even further. I had an account with Tadawul and once I compared their feed with ibfx and Gain. Not only their spread was double theirs but also the price spread was another whopping 10 pips in their favour. Needless to say I closed the account shortly afterwards.

Kind Regards
[font=Calibri][size=3]...
Astral,

I think you are right. I didn't go into too much detail, but what made me notice was that the stochs and RWB were completely different! I couldn't believe my eyes!
We are our own best indicator.
  • #528
  • Sep 24, 2010 9:06am Sep 24, 2010 9:06am
what's that mean? they want to mess us up so bad that indicators don't work? so that we will just trade blindly?

Quoting bluemele
Astral,

I think you are right. I didn't go into too much detail, but what made me notice was that the stochs and RWB were completely different! I couldn't believe my eyes!
  • #529
  • Sep 24, 2010 9:37am Sep 24, 2010 9:37am
Quoting chiba_san
what's that mean? they want to mess us up so bad that indicators don't work? so that we will just trade blindly?
As Astral pointed out, their prices are actually substantially different then other brokers. If you are using Tadawul or Insta, I would take a deeper look and compare it to forex.com/fxcm/ibfx or some of the other larger shops for comparison.

No joke, my RWB's were bunched on GBPCAD on IBFX, Forex.com and ATC (FXCM) and looked at my Instaforex and they were in the middle! hahah...

I couldn't believe it. Then I looked at the spread and it was 20.0!!!!

On ATC my spread was like 7 and forex.com 11, so I decided that wasn't for me. haha...
We are our own best indicator.
  • #530
  • Sep 24, 2010 10:48am Sep 24, 2010 10:48am
Hey guys.

I posted this on the other thread as well. Any comments would be useful.

Guys

I have now the following levels with EURUSD which just refuses to settle down:

L1 -612 Lot = 0.01 (since 14/9)
L2 -458 Lot = 0.01
L3 -87 Lot = 0.04

Obviously I entered L2 somewhat early and L3 very late, hence the 0.04. I think I started looking for L3 entry when L2 was -250 but 1MA kept running outside BB for another 150pips.

The question is: With L4 not yet near, should I bail out of L1 and take it on the chin?

The nearest sign of resistance I can see is from April!

Advise appreciated.
  • #531
  • Sep 24, 2010 12:14pm Sep 24, 2010 12:14pm
Be very careful leaving REAL MONEY XXXJPY trades open over the weekend.

The Governor of the BOJ is due to speak on Saturday and I would fully expect these pairs to spike abnormally when the markets re-open Sunday/Monday.

But on this occasion I have no clue as to which way they will go.

Have a good weekend all.

Scoobs.

PS. There is a very strong rumour in the financial world that he is going to resign.
  • #532
  • Sep 24, 2010 3:14pm Sep 24, 2010 3:14pm
Quoting Zr-fx
Hey guys.

I posted this on the other thread as well....
I posted on the other thread.

I did the same thing on entering too soon. Funny, I used to never do that with 4.0 system, now I do it daily it seems on the 5.0

I have to understand why that is!
We are our own best indicator.
  • #533
  • Sep 24, 2010 3:15pm Sep 24, 2010 3:15pm
I saw the EUR retrace 1 pip! Quick, short!!!! hahaha...
We are our own best indicator.
  • #534
  • Sep 24, 2010 3:39pm Sep 24, 2010 3:39pm
Quoting scooby-doo
Be very careful leaving REAL MONEY XXXJPY trades open over the weekend.

The Governor of the BOJ is due to speak on Saturday and I would fully expect these pairs to spike abnormally when the markets re-open Sunday/Monday.

But on this occasion I have no clue as to which way they will go.

Have a good weekend all.

Scoobs.

PS. There is a very strong rumour in the financial world that he is going to resign.
Imagine being Governor one day and your honor being wiped clean the next. The sword might be the better way out, while living within the confines of the Japanese community. My wife is Japanese, and I can't imagine how she would feel if the whole country looked down upon me and not considering the circumstances.
We are our own best indicator.
  • #535
  • Sep 24, 2010 3:41pm Sep 24, 2010 3:41pm
Quoting bluemele
Ok, I was a bit aggressive, jumped on the GBPCAD trade heading south, but getting nervous... Missed the first 85 pips, so may let it hit me at be + 1, up now about 20 pips...

went north on USDJPY, not in the sixths, but it is a slow moving currency and I have no problem taking this one. If it were gbpcad, no way! haha...

I am sure they will come back to bite me.

These are what I call "TERTIARY" trades and I rarely take them, but the setups look nice...
Made 16 pips on the GBPCAD with larger account and 6 pips on smaller account (because my TS is screwed up, otherwise, I would have nabbed at least 30).

Made about 75 pips on one account on USDJPY and missed it on my other larger account. Still good run though...

Lucky.
We are our own best indicator.
  • #536
  • Sep 24, 2010 4:12pm Sep 24, 2010 4:12pm
Quoting bluemele
Imagine being Governor one day and your honor being wiped clean the next. The sword might be the better way out, while living within the confines of the Japanese community. My wife is Japanese, and I can't imagine how she would feel if the whole country looked down upon me and not considering the circumstances.
He had/has a very difficult job juggling the strength/weakness of the YEN with exports and imports. While having one hand tied behind is back because of the econcomic constraints his country is facing.

But that is happening too many countries/central banks around the world.

Many BOJ traders in the past have commited suicide after bringing shame on the bank and therefore themselves and their families. Others end up living on the streets.

High flyer one day and .... the next.

In my opinion a very unforgiving society/culture.

Scoobs.
  • #537
  • Sep 24, 2010 4:16pm Sep 24, 2010 4:16pm
Quoting scooby-doo
High flyer one day and .... the next.

In my opinion a very unforgiving society/culture.

Scoobs.
Yup. In Japan they do ritual suicide. Here in the U.S., they get on reality shows.
  • #538
  • Sep 24, 2010 4:47pm Sep 24, 2010 4:47pm
Quoting bluemele
Astral,

I think you are right. I didn't go into too much detail, but what made me notice was that the stochs and RWB were completely different! I couldn't believe my eyes!
Please observe, One is a Big UK criminal who does you for 9 pips as soon as you open a trade, the other one is a smaller cyprus criminal who does you for a whopping 25 pip. I tested 3 other cyprus criminals and they were the same. It is a classic case of "BUYER BE AWARE".

kind regards
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  • #539
  • Sep 24, 2010 5:45pm Sep 24, 2010 5:45pm
Quoting bluemele
I ........I did the same thing on entering too soon. ..........I have to understand why that is!
Maybe it is overconfidence in the system. I think this is what I have felt and I've only done this for a month. But already I have seen trades come back into the black after a big hole so feel over confident that it will always come back, which not always true. Classic armature problem.
  • #540
  • Sep 24, 2010 6:26pm Sep 24, 2010 6:26pm
Quoting astral77
Please observe, One is a Big UK criminal who does you for 9 pips as soon as you open a trade, the other one is a smaller cyprus criminal who does you for a whopping 25 pip. I tested 3 other cyprus criminals and they were the same. It is a classic case of "BUYER BE AWARE".

kind regards
This is why I am at ATC.. hahaha...
We are our own best indicator.
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