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  • #1,001
  • Nov 2, 2010 2:38pm Nov 2, 2010 2:38pm
Quoting sidefx
Thanks for the quick confirmation. I have read the pdf several times and i have to admit to being a little confused with this setting and that...just needed confirmation of what Glen actually uses now. Thanks again
Use Glens posted template a few pages back and you will see exactly what to do
We are all One. Be present. Be the Observer
  • #1,002
  • Nov 2, 2010 2:43pm Nov 2, 2010 2:43pm
Quoting Gleneagles
If you follow just a few basic rules , you should win 80% + of your trades.
EUR and GBP both have a win rate of 80% + for trades done during LDN and NY session.

I regard a trade as a loss if it did not make a minimum of...
Thanks again Glen--these results are good news.
Seeing how you are giving us everything can you give us the settings for the cavemanager ea?. For instance--do you use the no loss after x pips function?
We are all One. Be present. Be the Observer
  • #1,003
  • Nov 2, 2010 3:51pm Nov 2, 2010 3:51pm
Quoting pgpb
I have decided I like to see the 60-15-5 trix on my chart at the bottom, rather than just trusting the arrows

I also have been using 1-2-3 indicator to show a 123 set up, so trading a break of the "two" along with a 60-15 arrow

See below

PGPB
Hi PGPB,
Would you be so kind as to post your 123 indicator, as well as the trix you use, the onewith the arrows pointing to direction. Thanks.
Pardy
  • #1,004
  • Nov 2, 2010 8:53pm Nov 2, 2010 8:53pm
The 123 indicator is not part of this system
I should not have postured that chart
This system is 80% accurate the way it is
The arrow that you mention is the smMTFtrioavg signal that is central to this system you can find it on the paperclip or at the first page
Sorry to confuse by posting the123
Any break of the previos candle will suffice it does not need to be a123
Let's keep this system pure. It works!!!!


Pgpb
  • #1,005
  • Nov 3, 2010 3:06am Nov 3, 2010 3:06am
Quoting Iamfx
Thanks again Glen--these results are good news.
Seeing how you are giving us everything can you give us the settings for the cavemanager ea?. For instance--do you use the no loss after x pips function?

I will move stop to breakeven as early as +20 pips. On some trades you may be stopped out and the trade will take of.

The other option is to take partial profit at +20 and then move the stop to -10 or whatever the level is where the first profit would cover the risk on the remaining portion of the trade.

There is no " one-size-fits-all" setting . You must set up your MM to fit your risk profile, account size, trade times , daily range of pair traded etc

You can also choose to set a straight TP and SL and leave the trade alone, or add a TS.

You can also scale into a position by adding on signals on shorter Tf`s if the
trend is still in place.

Do some homework , take the 60M or 30M chart and mark all the signals for your trading session. Note the size of the move both positive and negative.
Over a period of 1-2 months you will get a very good idea of SL size and potential gains.
" Never let the past hold the future to ransom "
  • #1,006
  • Nov 3, 2010 6:42am Nov 3, 2010 6:42am
Quoting Gleneagles
I will move stop to breakeven as early as +20 pips. On some trades you may be stopped out and the trade will take of.

The other option is to take partial profit at +20 and then move the stop to -10 or whatever the level is where the first profit would cover the risk on the remaining portion of the trade.

There is no " one-size-fits-all" setting . You must set up your MM to fit your risk profile, account size, trade times , daily range of pair traded etc

You can also choose to set a straight TP and SL and leave the trade alone, or add...
OK I will attempt to use the optimise settings on the ea to do this
We are all One. Be present. Be the Observer
  • #1,007
  • Nov 3, 2010 3:15pm Nov 3, 2010 3:15pm
Made +12 pips on EU saw the arrow and drew a blue line at the previous low and placed a sell stop at about 1.40114 then after it hit I sold at a little under 1.4000 netted 12.0 pips I felt it would bounce off the 1.4000 line.

That's all I had time for today but + pips are good pips
waiting for Tokyo session
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  • #1,008
  • Nov 4, 2010 10:10am Nov 4, 2010 10:10am
Weird day
everytime I get a signal it has been at either the top with a buy or the bottom with a sell. For example I just get nervious with a buy at R2 with the GU when it is reaching a high it has'nt seen since Jan 10

Any thoughts
  • #1,009
  • Nov 4, 2010 10:51am Nov 4, 2010 10:51am
Quoting dryclean
Weird day
everytime I get a signal it has been at either the top with a buy or the bottom with a sell. For example I just get nervious with a buy at R2 with the GU when it is reaching a high it has'nt seen since Jan 10

Any thoughts

The trend has been long since Asian session on 60M.

I assume it is a possible re-entry after the interest rate announcement?
Two things to consider:
1) The daily range at that stage
2) The wisdom of trading on a high risk day ito possible volatility

I took the trade when LDN opened but skipped the breakout after the BOE announcement, it turned out to be a great trade but hindsight is a wonderful gift.
" Never let the past hold the future to ransom "
  • #1,010
  • Nov 4, 2010 3:35pm Nov 4, 2010 3:35pm
Hi Glen
Do you only trade the london and Usa session???
And what about to take trades in the time between Asia close and Londen
open.
I figure out that most of the time there is no signaficant direction.
How do you handle with this?

Dutchsignals
  • #1,011
  • Nov 4, 2010 4:59pm Nov 4, 2010 4:59pm
Quoting dutchsignals
Hi Glen
Do you only trade the london and Usa session???
And what about to take trades in the time between Asia close and Londen
open.
I figure out that most of the time there is no signaficant direction.
How do you handle with this?

Dutchsignals
I look for a breakout in the direction of the trend as a possible trigger.
I look at a range 3 hours prior to FF/LDN opening and use that as a guideline.
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" Never let the past hold the future to ransom "
  • #1,012
  • Nov 9, 2010 11:54am Nov 9, 2010 11:54am
Wow what a week. Been a long time since I got that sick! Ready to put your system to the test. Decided on using the 240 15M template. From just watching last week it seemed like I was getting too many false signals on the 60 5M timeframe. I see I do miss the best moves by not trading the London session though from the open. I'll keep you posted
  • #1,013
  • Nov 9, 2010 12:20pm Nov 9, 2010 12:20pm
Quoting AllyB
Wow what a week. Been a long time since I got that sick! Ready to put your system to the test. Decided on using the 240 15M template. From just watching last week it seemed like I was getting too many false signals on the 60 5M timeframe. I see I do miss the best moves by not trading the London session though from the open. I'll keep you posted
You miss a few moves, but personally I think the best time to trade is the overlap, 8am est to Noon. The most volatile period, + 4 hour work days is a good thing

cheers all
  • #1,014
  • Nov 9, 2010 12:26pm Nov 9, 2010 12:26pm
Quoting goldsurfer
You miss a few moves, but personally I think the best time to trade is the overlap, 8am est to Noon. The most volatile period, + 4 hour work days is a good thing

cheers all
I like your thinking there
  • #1,015
  • Nov 10, 2010 11:09am Nov 10, 2010 11:09am
Hi GlenEagles,

Closed a bit early but nice for +16
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  • #1,016
  • Nov 10, 2010 1:10pm Nov 10, 2010 1:10pm
Quoting AllyB
Hi GlenEagles,

Closed a bit early but nice for +16

Hi AllyB,

It has been quite choppy but you are on the right track.
I made a late start to the month but so far so good.
" Never let the past hold the future to ransom "
  • #1,017
  • Nov 15, 2010 12:48pm Nov 15, 2010 12:48pm
Quoting Gleneagles
Hi AllyB,

It has been quite choppy but you are on the right track.
I made a late start to the month but so far so good.
Good Monday to you GlenEagles,

Last Thursday and Friday were a little too weird for me to try and learn a new system so I went live using my current system that worked pretty good ... considering it was mostly scalping which is not my strong hand. Today was more of the same so hopefully tomorrow I will have the time to study my Trix charts more and of course, I will post charts!

How is your trading going?
  • #1,018
  • Nov 16, 2010 1:12am Nov 16, 2010 1:12am
Quoting AllyB
Good Monday to you GlenEagles,

Last Thursday and Friday were a little too weird for me to try and learn a new system so I went live using my current system that worked pretty good ... considering it was mostly scalping which is not my strong hand. Today was more of the same so hopefully tomorrow I will have the time to study my Trix charts more and of course, I will post charts!

How is your trading going?

Picked up some green ones on both Euro and GBP.
Lately the Euro setups have been easier to trade than Gbp.
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" Never let the past hold the future to ransom "
  • #1,019
  • Nov 16, 2010 1:16am Nov 16, 2010 1:16am
+30

I skipped the second trade because of ISP issues later during the day.
It was worth about +25/30.
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" Never let the past hold the future to ransom "
  • #1,020
  • Nov 16, 2010 11:26am Nov 16, 2010 11:26am
Quoting Gleneagles
+30

I skipped the second trade because of ISP issues later during the day.
It was worth about +25/30.

Hope you or someone got in on this one. I wasn't online for the first trigger and didn't like the looks of the second but the arrow/trigger circled was the one. Great signal and worth about 130 PIPS! Not me ... missed the darn thing but will not let that happen again
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