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  • #4,641
  • Nov 19, 2010 6:28am Nov 19, 2010 6:28am
London Open BE
waiting NY..
  • #4,642
  • Nov 19, 2010 7:16am Nov 19, 2010 7:16am
NY BE
  • #4,643
  • Edited 8:28am Nov 19, 2010 8:09am | Edited 8:28am
Sorry to intrude on your fine thread, Tony. Your system is a work in progress for me but I see a lot of merit in it.

Some posts have referred to the Expert Adviser for MT4 that I wrote known as Flexicharts. With regard to the time parameter "UseSystemTime" see my Flexicharts thread for an update on that.

cheers
  • #4,644
  • Nov 19, 2010 2:31pm Nov 19, 2010 2:31pm
Hi!

I was just brosing and i came across your thread.
BUT i couldnt' find any description of your strategy.

Does it work with MT4? or u need to have oanda?
If i get it right, I have to place a pending order or manual on market ?


Thanks!
  • #4,645
  • Nov 19, 2010 5:34pm Nov 19, 2010 5:34pm
Quoting Tony112
Hi Erko, I know you've been around since I see your name here. 0SL isn't applied recently because of some extra profits I got a few months ago... I'm giving it a chance these days, I don't mind losing 2 pips.... the best way to do it is like on the rules page, no1 post. On the open it's mostly 2 pips for me to decide the directions, either way my friend... the success lies in small SL and large TP, like 300 pips TP for example.... I also use pip restoring method (not listed here) to get back a lost pip, I have nothing to lose to be honest.
Hi Tony!

Thanks for your fast answer!

Erkro
  • #4,646
  • Nov 20, 2010 1:47am Nov 20, 2010 1:47am
Hey fxforlife can you send me a private messeage so we can talk, your system seems interesting, dont wanna disrespect tonys thread by talking about a variant of his system sort a speak. Pm me and you should set up an email in your profile so you can be reached. Thanks bro and thanks tony for starting this thread bro!
  • #4,647
  • Nov 20, 2010 2:17am Nov 20, 2010 2:17am
thumbs up! thx for sharing your 8 years experience

Quoting Tony112
use #1 only... it's the best, it would be too long to explain why, it took me 8 years to figure it out... set your sl tight, and TP on long range... restore some pips and be patient, TP should range between 120-300 pips min, sl 2 pips max
  • #4,648
  • Nov 20, 2010 7:30pm Nov 20, 2010 7:30pm
Quoting dappa
Hey fxforlife can you send me a private messeage so we can talk, your system seems interesting, dont wanna disrespect tonys thread by talking about a variant of his system sort a speak. Pm me and you should set up an email in your profile so you can be reached. Thanks bro and thanks tony for starting this thread bro!
i can't send PMs yet. i'll try to set up a thread when i'm able. have a look with that BB. there's a good chance you can find some good setups.

btw thanks to Tony for starting a great thread!
  • #4,649
  • Nov 21, 2010 8:57am Nov 21, 2010 8:57am
Tony, can you answer this please? thank you OR anyone else, just a bit confused there doesn't seem to be any rules so would be great if it could be clarified


Quoting JayFX
Hey Tony

thanks for your reply.

So you mention initial direction - if the candle goes up you go long right?

But then you mention "it has to be at least 2 pips on its way".

If the 1st candle is green (long) for example, but only 0.5 pips... what do you do? Do you then wait for a 2 pip candle either up or down?


I entered at Number 1, as the initial direction was down - and I got stopped out. However I also then looked for a >2 pip candle and would have still been stopped out.

Was trying to see if I got the way of 'thinking' correct and it...
  • #4,650
  • Nov 21, 2010 3:25pm Nov 21, 2010 3:25pm
hey Tony,

Awesome thread you have here, I was giving your strategy some thought and I really like the idea of it.

I read through all the post starting from page 180, I know this came up before but I wanted to know your opinion regarding a thought I had.

Regarding the 140 TP, you may only want to use that TP when there is a either risk apetite or risk aversion sentiment in the market, I use a tool called "newsprofiteer" to determine the market sentiment.

Normally, you could just use fib levels to determine TP.

What do you think?
  • #4,651
  • Nov 22, 2010 2:19am Nov 22, 2010 2:19am
clockwork
Attached Image (click to enlarge)
Click to Enlarge Name: 165.gif Size: 24 KB
Invest in alarm clocks
  • #4,652
  • Nov 22, 2010 2:21am Nov 22, 2010 2:21am
Quoting eurisko
hey Tony,

Awesome thread you have here, I was giving your strategy some thought and I really like the idea of it.

I read through all the post starting from page 180, I know this came up before but I wanted to know your opinion regarding a thought I had.

Regarding the 140 TP, you may only want to use that TP when there is a either risk apetite or risk aversion sentiment in the market, I use a tool called "newsprofiteer" to determine the market sentiment.

Normally, you could just use fib levels to determine TP.

What do you think?
I want to be real with you,
thousands of hours in front of this showed me that markets are chaos/random and nonsense. It's ok if you want to do some analysis but I simply disregard all predictions
Invest in alarm clocks
  • #4,653
  • Nov 22, 2010 2:56am Nov 22, 2010 2:56am
LO FAIL
  • #4,654
  • Nov 22, 2010 5:52am Nov 22, 2010 5:52am
HEY TONY TELL ME SOMETHING, HOW DO YOU KNOW WICH WAY TO TRAde? for instance this morning when the london session opened up, the market went up before it went down. would you have bought or wait for a short candle with a more than 2 pip size before you shorted, its seems random the way you trade, no offense or anything. i cant really see how there is a method or rule its like hey just get in in which ever random way you see the market moving. is that how you trade and hope for the best with a low stop of 2 to the zero pip stop loss? I can see why you would do that beacause of the low time frame but that would mean that you take multiple entries through out the session and maybe take a loss or two before you get in the right way a nd make a profit? correct me if im wrong please but thats how it seems to me bro.
  • #4,655
  • Nov 22, 2010 5:58am Nov 22, 2010 5:58am
Quoting dappa
HEY TONY TELL ME SOMETHING, HOW DO YOU KNOW WICH WAY TO TRAde? for instance this morning when the london session opened up, the market went up before it went down. would you have bought or wait for a short candle with a more than 2 pip size before you shorted, its seems random the way you trade, no offense or anything. i cant really see how there is a method or rule its like hey just get in in which ever random way you see the market moving. is that how you trade and hope for the best with a low stop of 2 to the zero pip stop loss? I can see why...
He gets in with the first 2 pip candle (in that direction) he believes the market is pure chaos. So yes, he gets in and puts a tight stop and sees where it takes him.
  • #4,656
  • Nov 22, 2010 7:06am Nov 22, 2010 7:06am
NY floating 16 pips, 0 SL reduce
  • #4,657
  • Nov 22, 2010 7:11am Nov 22, 2010 7:11am
Quoting raider87
NY floating 16 pips, 0 SL reduce
I thought New York didn't open until 9:30 new york time?
  • #4,658
  • Nov 22, 2010 7:19am Nov 22, 2010 7:19am
Attached Image (click to enlarge)
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  • #4,659
  • Nov 22, 2010 7:23am Nov 22, 2010 7:23am
Quoting beehivesjoe
I thought New York didn't open until 9:30 new york time?
Banks open 8:00AM not stock open
http://forex.timezoneconverter.com/i...rica/New_York;
  • #4,660
  • Nov 22, 2010 8:15am Nov 22, 2010 8:15am
Quoting raider87
Banks open 8:00AM not stock open
http://forex.timezoneconverter.com/i...rica/New_York;
omg I'm a total tool.. Thanks a lot raider!
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