Profit All Day System | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EA "Close all positions at profit target" closed all positions at loss ? 9 replies

Simple scalping system, all red or all green 101 replies

Day Trading system - Simple system to make money 51 replies

Profit All Day with Retracement - EA development 42 replies

Looking for EA to close all Buy Or all Sell trades when in profit 0 replies

Attachments: Profit All Day System
Exit Attachments

Profit All Day System

  • #61
  • Jan 25, 2011 7:21am Jan 25, 2011 7:21am
Quoting webglobe
thanks for asking i like to learn plz ...
well i saw that the EMA's crossed in both 15mins and 5mins also the CCI's are both below -90 on both TF.

plz correct .i will be glady.thanks again

This was the last valid signal I see on the eurusd.
It can be a little difficalt to understand where the swing levels truly are. It takes a little practice.
Attached Image (click to enlarge)
Click to Enlarge Name: pic1.gif Size: 29 KB
  • #62
  • Jan 25, 2011 7:24am Jan 25, 2011 7:24am
Quoting kickarz
G'day Cubby,

I just tried your Profit All Day setup & grabbed an easy 12 pips!
I'll keep an eye on it and see if I can grab any more.

Many thanks for posting this one.

Nice trade you got there. You will find these set ups threw out the day. I usualy like to make at least 20 pips a day using this system.

remember, 20 pips a day is all you really need to become a millionare with in a year or 2.
  • #63
  • Jan 25, 2011 7:36am Jan 25, 2011 7:36am
The beauty trade during the euro session...

SL was 55 pips
TP was 27 pips

I missed this trade because I was sleeping but it's a known fact that this set up happened. If I would have been watching the charts this trade would have been taken and hit 27 pips. The spacing on the ema's on the 15 min chart was obvious!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pic1.gif Size: 28 KB
Click to Enlarge Name: pic.gif Size: 28 KB
  • #64
  • Jan 25, 2011 7:52am Jan 25, 2011 7:52am
Quoting Cubbybgood
webglobe, why did you enter this trade?

I saw no setup yet....

Explain...


cubby

is the setting on cci to the 'close' or 'open'.

some points :

say if a candle was to be the highest high. it must have two candles before and after it, that are below it. right ? what if the candles below it are only below by lets say just 1 pip. does that still count ? if not how many pips below must they be at least ?

what if the candles below are actually dojis ? or at least one of them is a doji. would that be ok still ?


there was a long trade today on EU on my alpari chart at 12.30. it broke the last swing high, which was about 2-3 candles away. the 15m was up and good seperation on emas. the trade was supposed to have a tp of 19 and sl 38. it only went into profit by 12 pips, then reversed and hit sl at - 38 !

it will take a long while to recover these pips ! i still say the r:r is way too risky.

also the angle of seperation is not always good enough when taking a trade. it becomes good seperation after the trade is taken. so one needs to further develop this.
  • #65
  • Jan 25, 2011 8:01am Jan 25, 2011 8:01am
It can be a little difficalt to understand where the swing levels truly are. It takes a little practice.[/quote]

yeah thanks for that i will have to practice more. with ur system i could just get 10pips always still make my 20pips daily lol

i will have to follow this thread is simple. appreciate
  • #66
  • Jan 25, 2011 8:08am Jan 25, 2011 8:08am
Quoting whatfx
cubby

is the setting on cci to the 'close' or 'open'.

some points :

say if a candle was to be the highest high. it must have two candles before and after it, that are below it. right ? what if the candles below it are only below by lets say just 1 pip. does that still count ? if not how many pips below must they be at least ?

what if the candles below are actually dojis ? or at least one of them is a doji. would that be ok still ?


there was a long trade today on EU on my alpari chart at 12.30. it broke the last swing high, which was...

All very good questions!

I always say that there has to be at least a 1 pip difference for it to be a swing and actual swing level.

The only candles I do not count are line graphs and that's why I keep match them into the back round. They have no relevance to the system and the way it trades.

I see the trade you are talking about. I would have not taken that trade. way to risky. you see that the 3 and 5 ema's just crossed the 13 on that trade. I usually will wait for a better trade then this.
  • #67
  • Jan 25, 2011 8:09am Jan 25, 2011 8:09am
Quoting Cubbybgood
This was the last valid signal I see on the eurusd.
It can be a little difficalt to understand where the swing levels truly are. It takes a little practice.
ur right i need more knowledge of this but i was studing this chart that u have here.the M15 was above -90 or the criteria is just the seperation of EMA on M15?

here is my chart or because am not real time?
Attached Image (click to enlarge)
Click to Enlarge Name: kjjig.gif Size: 47 KB
  • #68
  • Jan 25, 2011 8:11am Jan 25, 2011 8:11am
A live trade today on the EU.

I have not set my TP and SL on this trade yet but I will.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pic1.gif Size: 28 KB
Click to Enlarge Name: pic2.gif Size: 27 KB
  • #69
  • Jan 25, 2011 8:18am Jan 25, 2011 8:18am
Quoting Cubbybgood
All very good questions!

I always say that there has to be at least a 1 pip difference for it to be a swing and actual swing level.

The only candles I do not count are line graphs and that's why I keep match them into the back round. They have no relevance to the system and the way it trades.

I see the trade you are talking about. I would have not taken that trade. way to risky. you see that the 3 and 5 ema's just crossed the 13 on that trade. I usually will wait for a better trade then this.

yes but they did cross above, i.e. the 3 and 5 ema 's crossed above the 13 ema. on 15m chart. so is that not supposed to be enough, do we need to wait for the emas to go way over the 13 ema ?

when you look at the ema crosses and seperations is it just the 15m chart you look at for these, or the 5m chart as well. i.e. the crossover and good seperation must occur on both 15m and 5m charts ?

the cci setting is that open or close ?


thanks
  • #70
  • Jan 25, 2011 8:26am Jan 25, 2011 8:26am
Is there any interest by anyone on coding an EA for this setup?
  • #71
  • Jan 25, 2011 8:53am Jan 25, 2011 8:53am
unfortunately we have a loss.

There is unsurity in the market right now causing there to be no real direction.

I took a 26 pip loss. Not to bad considering my last 3 days of trading I had no losses.
Attached Image (click to enlarge)
Click to Enlarge Name: pic1.gif Size: 26 KB
  • #72
  • Jan 25, 2011 8:58am Jan 25, 2011 8:58am
Realy cool system, I get it. If you use a break even after 10 pips you should increase your p/l.
  • #73
  • Jan 25, 2011 9:18am Jan 25, 2011 9:18am
please cubby .

MOST CCI BE BELOW -90 LEVEL BEFORE TAKING SELL ON M5?

SO IS IT ONE OF THE CRITERIAS?
  • #74
  • Jan 25, 2011 9:19am Jan 25, 2011 9:19am
Quoting fxbr56
Is there any interest by anyone on coding an EA for this setup?

POST #43
  • #75
  • Jan 25, 2011 9:24am Jan 25, 2011 9:24am
Quoting webglobe
please cubby .

MOST CCI BE BELOW -90 LEVEL BEFORE TAKING SELL ON M5?

SO IS IT ONE OF THE CRITERIAS?
Yes, see cubby's explanation chart on 1st page. Not included in the written rules in post 1.
  • #76
  • Jan 25, 2011 9:26am Jan 25, 2011 9:26am
I grabbed my profits.

Had to wait for the fakes down first, then it spiked through taking my position and exit quickly.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 15m LONG NY.jpg Size: 51 KB
  • #77
  • Jan 25, 2011 9:33am Jan 25, 2011 9:33am
Quoting sidefx
Yes, see cubby's explanation chart on 1st page. Not included in the written rules in post 1.
yes, must be crossing on the time frame you are taking your trade on....

crossing or crossed.
  • #78
  • Jan 25, 2011 9:36am Jan 25, 2011 9:36am
What next?
Attached Image (click to enlarge)
Click to Enlarge Name: EU 15m.jpg Size: 60 KB
  • #79
  • Jan 25, 2011 9:37am Jan 25, 2011 9:37am
I did take this trade as well. Made up all my loss and more right now. I'm leaving 30% of my trade in till 3 and 5 cross 13 going down.

My TP on this trade was 17 pips

My 30% I left in is at 45 pips prfit right now. Who knows how far it will go!
Attached Image (click to enlarge)
Click to Enlarge Name: pic1.gif Size: 25 KB
  • #80
  • Jan 25, 2011 9:38am Jan 25, 2011 9:38am
Speak of the devil, a trade happened on EU to explain what I was saying about the 10 pip BE.

Attached Image (click to enlarge)
Click to Enlarge Name: profit all day system1.gif Size: 24 KB
0 traders viewing now