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Profit All Day System

  • #1,061
  • Feb 11, 2011 2:37pm Feb 11, 2011 2:37pm
Quoting matlobien
Hi Guys.

I have been trading this system for the past 2 weeks.

I can only trade from 5 GMT till 11 GMT. ( 3 Hours before and after London open)

I trade it as per Chubby rules.

I only take trades on the 5 and 15 min charts and take full profit at TP.

Results for this week:

Monday
4 winners

Tuesday
1 loser
2 winners

Wednesday
1 winner

Thursday
4 winners

Friday
2 winners

Risking only 3 % per trade, my account grew more than 15 %.

I see a lot of...
Hi I wonder if you would mind posting the entry times & prices for those trades, So I can see where I'm going wrong, I think it would help others too, I just can't seem to get the hang of it , there seems to be losing entries that you didn't take.

thanks,
Steve.
  • #1,062
  • Feb 11, 2011 2:47pm Feb 11, 2011 2:47pm
Quoting ReaM
...Wins were in GBPJPY5M USDCHF15M EURGBP15M and something tells me I had a win in GBPUSD, so maybe four wins. I jumped out of EURJPY H1 trade from yesterday, since I did not want to keep it over weekend (as recommended by Cubby, thanks to him!). I had one break even of the 30% profits from yesterday on GBPUSD short. And another jump out of GBPUSD, did not like the trade...

Have a wonderful weekend.
Hi ReaM,

do you trade all the above mentioned pairs with Cubby's method? Would you recommend all these pairs to trade on M5/M15 or only longer term H1/H4?

Thank you.

PS:
Great explanations in your charts. Well done.
  • #1,063
  • Feb 11, 2011 3:54pm Feb 11, 2011 3:54pm
Quoting Olarion1975
Hi ReaM,

do you trade all the above mentioned pairs with Cubby's method? Would you recommend all these pairs to trade on M5/M15 or only longer term H1/H4?

Thank you.

PS:
Great explanations in your charts. Well done.
Those charts were posted on page 68.


Yes,

15M and 1H only on all others. No 5 minutes. I never trade 4H either.

I backtested shortly and took live trades with:

EURUSD
GBPUSD
EURGBP
EURJPY
USDCHF
GBPJPY (barely tested, I would say stay away)


There is not much reason to use other pairs, because there is always a good set up on the eu and gu. I take other pairs if the eu and gu seem dead.

So, yeah, I would recommend, but stick with EU and GU, when there is valid set ups.
I found a penny today. That's +100 pips for me.
  • #1,064
  • Edited 4:27pm Feb 11, 2011 4:06pm | Edited 4:27pm
Quoting Arnold49
Hi I wonder if you would mind posting the entry times & prices for those trades, So I can see where I'm going wrong, I think it would help others too, I just can't seem to get the hang of it , there seems to be losing entries that you didn't take.

thanks,
Steve.
Yeah I agree, everyone who thinks he has something to contribute should do so. I am trying to help everyone, but I don't have time and I also reach my limits, I also want to learn more and find new things I should know. One screenshot would suffice. You don't even have to say if you took the trade or not, just a screen. I learn too, you know!

There are many fake outs, so one should really pick the best entries possible. This is only possible, when you know what good entries look like. I think Ive figured that out, next week will tell me that^^.




My song for the weekend would be system of a down - dreaming.
Chorus:

You
You went beyond
And you lost it all
Why did you go there?
From beyond you saw it all
Why did you?


Sound familiar?
Happy weekend everyone!
I found a penny today. That's +100 pips for me.
  • #1,065
  • Edited Feb 12, 2011 4:56am Feb 11, 2011 5:26pm | Edited Feb 12, 2011 4:56am
Quoting tmax
here is one of them
I recommend you go to chart settings (F8) and change the line chart to a different color (yellow?) so you see the doji candles.

I don't know why Cubby has them off... he will tell us on Monday^^


I see four profitable trades on your screen if we decide to go crazy and take the counter trend trade.

The trade you marked as 1.6001 trade. Can you tell what time you entered? Because there is not as single entry that fits the rules on that line. The red line must be one pip up from the blue line.

I notice where you have possible entry, your candle is 1pip higher, but my broker's isn't. It is always the problem on lower time frames.

I can't open my charts I am on mac, no metatrader here. Ignore the bollinger bands etc.

When I look at my PC, I am going to check M15, there was a good downtrend, I think EMAs were not crossed fully.

By the way if you used the lower SL level, which is 26 pips, or the closer one which is 17 pips, in both cases your trade would have been profitable.

I am off to finally sleep!!
Attached Image (click to enlarge)
Click to Enlarge Name: entryOK2.jpg Size: 356 KB
I found a penny today. That's +100 pips for me.
  • #1,066
  • Feb 11, 2011 7:33pm Feb 11, 2011 7:33pm
" but for some odd reason it's not alerting me with the dialogue box "

Be sure you have the "AlarmSoundOn" set to true.

I am working on a Dash Board that will go along with the indicator so it will be easier to see whats going on with multiple pairs, up to 12 on one DB and you can run more than one DB at a time if you have more than 12 pairs you watch, depends on how much CPU you have. I need to get a PDF written on it this weekend and then I will post it. Here is what it looks like with the 9 pair I am watching. The DB is not writen in MT4 code, it is a stand alone program that reads information files created by the indicator on each chart.

Attached Image (click to enlarge)
Click to Enlarge Name: PAD_DB.gif Size: 35 KB
  • #1,067
  • Feb 12, 2011 4:37am Feb 12, 2011 4:37am
Quoting matlobien
Hi Guys.

I have been trading this system for the past 2 weeks.

I can only trade from 5 GMT till 11 GMT. ( 3 Hours before and after London open)

I trade it as per Chubby rules.

I only take trades on the 5 and 15 min charts and take full profit at TP.

Results for this week:

Monday
4 winners

Tuesday
1 loser
2 winners

Wednesday
1 winner

Thursday
4 winners

Friday
2 winners

Risking only 3 % per trade, my account grew more than 15 %.

I see a lot of...

which pair did you trade ? iam surprised you trade 3 hours before london open. there is hardly any movement during that time.
  • #1,068
  • Feb 12, 2011 4:58am Feb 12, 2011 4:58am
Quoting whatfx
which pair did you trade ? iam surprised you trade 3 hours before london open. there is hardly any movement during that time.

He answered it right a few posts after. Yes, second half of Asian sessions were good this week.


@ Seller9, WOW!!!
I found a penny today. That's +100 pips for me.
  • #1,069
  • Feb 12, 2011 9:44am Feb 12, 2011 9:44am
That looks cool! AlarmsoundOn is turned off, I tend to keep my speakers turned off.

Is there a way to have the audible alarm sound off and have the box pop?

Thanks!
  • #1,070
  • Feb 12, 2011 10:25am Feb 12, 2011 10:25am
Quoting hello
That looks cool! AlarmsoundOn is turned off, I tend to keep my speakers turned off.

Is there a way to have the audible alarm sound off and have the box pop?

Thanks!
By default, a sound is triggered by the platform when the pop up alert is triggered by the indicator.

You can change your settings in the Tools > Options > Events tab.
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,071
  • Feb 12, 2011 11:41am Feb 12, 2011 11:41am
Quoting Cubbybgood
A live trade today on the EU.

I have not set my TP and SL on this trade yet but I will.
Could be famous last words

check this program out, it is GREAT

http://www.mtconsole.com/

http://www.myfx.com.au/

Plenty of videos and free trial
Canadian by birth Australian by choice
  • #1,072
  • Feb 12, 2011 11:55am Feb 12, 2011 11:55am
I completed the PDF, I hope it explains enough about using the DB for those who want to use it. You must use the new indicator included in the zip file as the other one previously post does not have the output for the DB. Other than that they work about the same. I did add a CCI level setting if you want to use something different than +-90. If you change it do not put a +or- in front of the number. Also you can now change the colors of the text and the lines in the settings. If your good at reading chart patterns you may find the Trend Lines useful as I have, in waiting for the right entry and staying out of the noise. I have also included a Plain Jane template, but you can place the indicator on any chart and any time frame you like, the calculations are done according to what you have set in the settings for the indicator. If you don't want to use the Dash Board you can use the indicator by itself, just disable it in the settings. I have everything running under XP and also Windows 7 and it all seems to work OK, but if you have any platform problems you are on your own. Any worthwhile additions to the indicator or the DB will be considered if they improve the end results, which is making money.

Please Read th PDF!!!!!!!!

Good Luck
Attached Image (click to enlarge)
Click to Enlarge Name: DB.gif Size: 34 KB

Attached File(s)
File Type: zip PAD.zip   1.1 MB | 1,022 downloads
  • #1,073
  • Feb 12, 2011 12:05pm Feb 12, 2011 12:05pm
ThanksSeller9. But I am getting an error unzipping the file...



Quoting seller9
I completed the PDF, I hope it explains enough about using the DB for those who want to use it. You must use the new indicator included in the zip file as the other one previously post does not have the output for the DB. Other than that they work about the same. I did add a CCI level setting if you want to use something different than +-90. If you change it do not put a +or- in front of the number. Also you can now change the colors of the text and the lines in the settings. If your good at reading chart patterns you may find the Trend Lines useful...
Believe and Achieve!
  • #1,074
  • Feb 12, 2011 12:27pm Feb 12, 2011 12:27pm
In regards to the system rules, I believe that the first post needs some tidy up, for instance, this rule

What is the highest high?
It's when the current candle has at least 2 candles before and after that are lower then it itself.

Logically, how can the CURRENT candle have 2 candles after?

Some of the posts I have read suggest that the real meaning of this is a FRACTAL HIGH, if that is the case, then the fractal indicator could be used to identify trading set ups?

Also, in that case, removing the word CURRENT would make more sense, as earlier in the rules you state "SWING HIGH" not HIGHEST HIGH

Now that I think about, probably what you are saying is the highest high of at least the last 5 candles is the swing point; opposite for short of course.

Anybody?
Canadian by birth Australian by choice
  • #1,075
  • Feb 12, 2011 2:16pm Feb 12, 2011 2:16pm
From earlier on in the thread...

Quoting Cubbybgood
guys and girls,

if there is any question of where you can enter after you see a break. the answer is one pip above or below HH or LL.

I think some may be confused about my rules on the first page.

In order for a low to be a lowest low there has to be at least 2 candles after it that don't break it's low

example,

1.3800 candle followed by a candle that's low is 1.3810 followed by the next candle that's low is 1.3805 followed by the next candle that's low breaks at 1.3799

1.3799 would be your entry. I hope this...
  • #1,076
  • Feb 12, 2011 6:01pm Feb 12, 2011 6:01pm
Quoting FerruFx
By default, a sound is triggered by the platform when the pop up alert is triggered by the indicator.

You can change your settings in the Tools > Options > Events tab.
Thanks FerruFx!
  • #1,077
  • Feb 12, 2011 9:22pm Feb 12, 2011 9:22pm
Quoting newbie2
From earlier on in the thread...
Thanks for pointing that out. I managed to go over the whole thread now; others also had problem with the wording, but I think I have it OK in my head now.

Looking forward to watching the price action and see how the charts look to me on Monday.

The Dashboard from seller9 looks great too, thanks for that.
Canadian by birth Australian by choice
  • #1,078
  • Feb 12, 2011 11:18pm Feb 12, 2011 11:18pm
Got the Pad up and running! Can't wait to use it. Seller, are you still working on an EA or did you just trash it?

Anyways, this dashboard is really cool and I would like to thank you for the work!
  • #1,079
  • Feb 13, 2011 12:16am Feb 13, 2011 12:16am
Thanks for your share,I want to try you system,but I'm not very familiar with MT4,and may I ask what folder should I put your profitallday.tpl file to? I already tried templates folder,but nothing change after restart.

I'm not good in English too,so hope you can understand what's I'm say.
  • #1,080
  • Feb 13, 2011 3:16am Feb 13, 2011 3:16am
Quoting Cubbybgood


System,
EMA's, 3,5 and 13
cci, 24 period fixed minimum of -350 and a maximum of 350
cci levels -90, 90

Sell:
Check 5m chart for latest swing low.

Check EMAs all heading down and spacing apart on 15m chart.

Enter trade on next break point on 5m chart when CCI is below 90 CCI
(not important in 15m chart)


[color=black][font=Arial]EMAs...
hello everyone, nice system here.. pls clarify the sell rule "Enter trade on next break point on 5m chart when CCI is below 90 CCI" is it CCI below +90 or below -90?

thanks..
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