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Andrew Forex Trading System

  • #381
  • Jun 21, 2010 8:23am Jun 21, 2010 8:23am
Quoting Indrek
The faith can come through personal trading experience only. Someone's trading statement is not relevant at all.
The problem with most of the newbies is that they want to start trading profitably from the first day they find out about forex. Instead, they should spend months or even a year studying before going serious with their trading. By that time they should already have their own trading system that may be put together using the elements of different systems in FF. Trading any system exactly like someone else is not the way to success because...
I hope nobody missed Indrek's post because you will never read a more meaningful post on any thread in FF or any other trading forum. Forex is like learning to walk... you observe and then you start off crawling, then you take advantage of available support to get upright, then you take some tentative steps on your own. You fall down a lot but eventually you learn about balance and motion and what muscles to use to keep from falling down and get from place to place etc. etc.
  • #382
  • Jun 21, 2010 8:00pm Jun 21, 2010 8:00pm
How can you possibly say that someone else's trading statement is not relevant or a source of inspiration and encouragement for new traders?

First and foremost it shows that it is possible to be successful.

I don't know why there is so much stating of the obvious in this world: obviously no two traders following the same method will achieve the same results. You don't say?

Guess what? You will have losing trades! You will also miss great trades because you're eating lunch. Now that really is stating the obvious.

Does anyone learn to walk without seeing others do it successfully as well as being shown how?

Same for talking. Same for trading!

Without hard verification that success can be achieved it's all just hearsay, and yet more of living in hope, which many gullible people seem only to happy to persist in doing.

Quoting Indrek
The faith can come through personal trading experience only. Someone's trading statement is not relevant at all.
The problem with most of the newbies is that they want to start trading profitably from the first day they find out about forex. Instead, they should spend months or even a year studying before going serious with their trading. By that time they should already have their own trading system that may be put together using the elements of different systems in FF. Trading any system exactly like someone else is not the way to success because...
  • #383
  • Jun 21, 2010 9:09pm Jun 21, 2010 9:09pm
Hi Andrew,

Under white arrow, is it a valid sell entry? Thank you.
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  • #384
  • Jun 24, 2010 12:47pm Jun 24, 2010 12:47pm
Andrew,

Would you explain how you put the Fib Fan on your chart to get your initial take profit point. What points do you use and so forth. Any help would be appreciated. Thanks.

Trader2010
  • #385
  • Jul 5, 2010 12:12pm Jul 5, 2010 12:12pm
Quoting psseuro
Austin, Go here to download the indicator - http://www.forexfactory.com/showpost...&postcount=107
Hi,

I put this indicator on my chart, but it doesn't work. Any parameters to modifiy ?
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  • #386
  • Jul 8, 2010 8:55am Jul 8, 2010 8:55am
Hi

I started testing this system, and uploading to mt4i. Unfortuantely, after 1 week, my circumstances have changed, and I'm not able to keep the test going. The system showed, for the record, a small loss for the week.

Good luck, all.

Charlie
  • #387
  • Edited 7:26am Jul 16, 2010 6:53am | Edited 7:26am
Quoting Indrek
No, I do not use supertrend for SL. I prefer to leave more room for my trades. My initial SL is usually 1,5*ATR of H4, and TP is 2*ATR. I set SL to BE at halfway (1 ATR).
I do not watch my trades more often than once per 4 hours. I never follow them on M30 timeframe and usually do not close any trades manully. I wait for either SL or TP hit.
How did you arrive at these SL/TP values? I too am trading H4 chart, but use 6 pd. Price Channel (24 hr) H/L as SL and 5 x ATR 1440 (excursion FROM SUPERTREND at time of signal) as TP. I made excursion studies to arrive at these values. EDIT: For the sake of accuracy,I must say that I use a similar, but alternative, indicator in place of Supertrend. Supertrend is shown in chart provided.
Attached Image (click to enlarge)
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Vincit qui se vincit.
  • #388
  • Jul 16, 2010 7:10am Jul 16, 2010 7:10am
Quoting tahiti
How can you possibly say that someone else's trading statement is not relevant or a source of inspiration and encouragement for new traders?

First and foremost it shows that it is possible to be successful.
It's futile.

I've seen many traders asked to do this, the minute they then show their fantastic results, it's dismissed as fabricated.

You also realise that the very best traders, the ones that are really making money that most of us could scarcely dream about, aren't sat around wasting their time on FF. They're making money and enjoying themselves.

For as many successful traders there are out there, there also seems as many people like you who want to believe that it can't be done.

I only assume you're a bitter Forex loser who cannot accept that others haven't lost their shirt like you have.
  • #389
  • Jul 16, 2010 8:27am Jul 16, 2010 8:27am
Quoting Pippopotamus
How did you arrive at these SL/TP values? I too am trading H4 chart, but use 6 pd. Price Channel (24 hr) H/L as SL and 5 x ATR 1440 (excursion FROM SUPERTREND at time of signal) as TP. I made excursion studies to arrive at these values. EDIT: For the sake of accuracy,I must say that I use a similar, but alternative, indicator in place of Supertrend. Supertrend is shown in chart provided.
I also found my SL and TP values through my personal experience. When trading from h4 chart, I use ATR120 (i.e average range for last 4 weeks).
  • #390
  • Jul 16, 2010 8:49am Jul 16, 2010 8:49am
Quoting tahiti
How can you possibly say that someone else's trading statement is not relevant or a source of inspiration and encouragement for new traders?
Firstly, because I have seen so many false statements in FF.
Secondly, the only real motivation that can make you a good trader is your own wish and strive to become better, to learn things, to invent something new.
Big money will come to you when you become very good in trading. It is then like additional bonus for being clever, consistent and disciplined.
  • #391
  • Jul 16, 2010 8:58am Jul 16, 2010 8:58am
Quoting Indrek
I also found my SL and TP values through my personal experience. When trading from h4 chart, I use ATR120 (i.e average range for last 4 weeks).
to establish parameters. On H4 chart 1440 pds. is about one year look back, ATR for one year.
Vincit qui se vincit.
  • #392
  • Jul 16, 2010 9:25am Jul 16, 2010 9:25am
Quoting Pippopotamus
to establish parameters. On H4 chart 1440 pds. is about one year look back, ATR for one year.
One year is too much for making decisions because market can change very much during a year. I use ATR1440 when trading from m5 chart; then it is average range of a week. But on h4, ATR120 is good enough.
  • #393
  • Jul 16, 2010 11:11am Jul 16, 2010 11:11am
Quoting Indrek
One year is too much for making decisions because market can change very much during a year. I use ATR1440 when trading from m5 chart; then it is average range of a week. But on h4, ATR120 is good enough.
this? You may be right...ATM Eur/Aud ATR 1440 is .0063. One month ago, the same. ATM ATR 120 is .0077. One month ago, .0099. The fluctuations in the shorter average will be greater in amplitude and shorter in duration. Difficult to determine which average is too sensitive, and which, not sensitive enough. Perhaps do away with averages altogether!
Vincit qui se vincit.
  • #394
  • Jul 29, 2010 4:36pm Jul 29, 2010 4:36pm
wonder how many ppl still use this system and working for them?
  • #395
  • Sep 26, 2010 6:14am Sep 26, 2010 6:14am
working with the method in 3 months, good
  • #396
  • Oct 1, 2010 6:19pm Oct 1, 2010 6:19pm
no one using this system? no one comment
  • #397
  • Oct 1, 2010 7:47pm Oct 1, 2010 7:47pm
I Took the indicators and kind of created my own system using them.

I also use another indicator and the three of them help me dictate direction of trend then I use VSA for entry and exit... Pretty solid setup
  • #398
  • Edited Oct 5, 2010 5:47am Oct 4, 2010 10:45am | Edited Oct 5, 2010 5:47am
A more detailed description of the aggressive version of my trading system Andrew Forex is here.

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Best regards, Andrew Forex
  • #399
  • Oct 4, 2010 10:58am Oct 4, 2010 10:58am
Forex trading comments according to aggressive version of my trading system Andrew Forex, part 1 (October 1, 2010): EURUSD, USDJPY, AUDUSD, EURGBP, AUDCAD, EURAUD

Inserted Video
Best regards, Andrew Forex
  • #400
  • Oct 4, 2010 11:04am Oct 4, 2010 11:04am
Forex trading comments according to aggressive version of my trading system Andrew Forex, part 2 (October 1, 2010): EURCAD, USDCHF


Inserted Video
Best regards, Andrew Forex
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