Profit All Day System

http://www.forexfactory.com/attachme...chmentid=89818

Or look in attachment... THe problem is: it uses the spread from when you last closed Metatrader. I recommend to install MT4 in a different folder and use it with internet OFF during weekends, so your spread is small and not 20 pips.

I recommend it over demo account as you can test one month in like 1 hour (with MM and scaling out) and don't have to wait for market to open or become volatile...

For entries PAUSE the Strategy tester, choose SL, TP, Lotsize, then resume. I test with Speed of 31, when I skip Asian session which I don't trade I use speed of 32 (which is max speed and very fast... you will skip entries if you use that during your trading time). You trade from the Navigator window, there are buy sell scripts. When you click on Close script, you can choose the amount to close. If you played with 0.5 lot you can close 0.38 lot and let 0.12 run. You can move your TP and SL on chart... Amazing!


Problem with spread is fixed here: http://www.forexfactory.com/showthread.php?t=265643

Here another on USDCHF 15M

I applied NO money management here. Average loss -250, average win +80, largest loss -500, largest win 250.

I would be in huge profit with MM, because there would be no 30% drawdown. You get the idea?

I did not use MM, because I was only interested in win ratio. I applied MM to EURUSD, see my next post.

The next screen is with money management until February.

It took me a little over 3 hours to go over two months of data. I stopped using MM in the first week of February. You see how no MM and bad week can result in more than 30% drawdown (and also a huge win after that )

Over 150 trades in 3 hours *puke*

Profitfactor 1.6 (amazing!). I also made some tests with PA only and the first week of Feb was simply untradeable (loss after loss).

I made many other tests with other currencies, it looked good. You see how important MM is?
First you count your Stop Loss in pips, then you see how much 2% of your account is or whatever the amount your are willing to lose is, then you apply the right lot size to that amount of pips, so no matter how many pips you lose, if your SL gets hit, you lose only 2%, not 1%, not 0.5%, but 2%!, and only then place an order... otherwise your balance will look like the previous screenshot... Never select a different % if you think the trade is probably going to be a loser... you will only cut your wins short, I did that too it looked no good. So, always the same %.

MM is lot of work... but necessary to be profitable. Before just recently I thought batteries in calculator never go empty (I calculated lot size and 70% scaling out with a simple calculator). Geez, where do I buy those button batteries now...

Thanks FxHope. Actually I was looking for something that allowed you to manually insert those 3 points (1-2-3). But i found a way around that by drawing a triangle (MT4 built-in shape) and then EA reads the 3 points for trade entry and management calculations.

Thank you - so i take it you are doing this on a 15m TF not taking into account the higher TF to see the ma spacings then.

Thanks again

No, it's not possible to switch time frames with this simulator.
I see you are trading 1 2 3 mainly? How that has been treating you?

I might give M5 a try maybe next weekend...

Not that well i am afraid

Hello Everyone,
I am very curious about something that I read in this thread. Back on page 30, FXExpert posted a link to a system that he said was the one being used on this thread. Does anybody know anything about that system? I sure don't want to be using someones system that they developed and are selling. I want to be fair. If someone knows anything about this I would sure like to know if it's ok to keep using the system that cubby introduced on this thread. Here's the link to the post on page 30:

http://www.forexfactory.com/showpost...&postcount=440

Thanks for any info!!

God Bless & Great Trading
Faithtrader

Yes its the very same system.

I think you'll find it's also very similar to srs trendrider
http://www.srstrendrider.com/

Well, here you get it for free

Riding this one down today, sweeeeeeeeeeeet!

does anyone know if this system will work well on GOLD trading ?

Can we have his for free to.

You just donwload it from the 1st post, or what do you mean?



That's a monster trade @ forex1962

sry don't know that, I had only one Gold trade, it was on Friday (when it went high), but I ve never backtested it.

Hi FerruFx

Your indicator looks good, I whant to try to add it to an EA. My freind is coding one. If it is ok with you to sent me the mq4 file I will appriciated very much.

Thanks any way for the indicator

You don't need the mq4 file for an EA ...

FerruFx

hello, could you please tell me the indicator on the northeast corner of your chart, with different time frames to month, and with different colors like green, yellow and red?
Thanks a lot!

these were the resistance lines i was talking about