Profit All Day System

I am curious to know how many subscribers of this thread have read the VERY 1st post ...

A request of Cubby was :

Some asked why Cubby has left the thread ... Easy to understand.

For those who want to add or modify this (already) great strategy, an idea might be to start another thread with their own modified strategy. This would be the minimum respect for Cubby's request ...

Just my opinion ...

FerruFx

Hello,

Please, I want to have more details on this issue of taking 70% profit and leaving 30% to run, does this means that we would enter two trades per signal and put half of our stop loss as profit, say, 20pips as take profit and 40pips as stop loss, then not putting stop loss on the other trade.

But this leaving of 30% to run is what am confusing about, you know when take profit is hit, the trade would be close, where do we leave the 30% to run... does it mean we would enter two trades and put take profit on one of them and leave the other to be closed when 3,5 closes 13 EMA's.

Please, help me on this cos is really confusing to me.

Quite for sometime now i have been doing well with this your system, thanks for sharing.

Any one can help me to explain this issue.

When your first target is met you take out 70% of that trade and leave in the 30%.

Hi RonaldPaul,
Great looking chart. Where can I get your market price indicators. My eye sight is really getting bad in my old age. You also have a collection of useful indicators. Can you go into detail about them. Yes am new. curious and looking for all the help I can get.
I Have a lot to learn. Still in Pips school, almost finished. Glade I found this website

One way is as RonaldPaul said. Another way is to open several smaller positions at the same time and close about 70% of them. They all should have stoploss. By the time EMAs cross it is usually too late (you might miss 50 pips by the time they cross). Just have a common sense of a trend, look at daily range and take your profit when you are happy.

Heres an indicator that I've found useful, gives you alerts (voice or pop up) when price breaks, sets itself up on s/h and s/l but can be dragged anywhere and angled for trend lines.
I find this really handy on the longer time frames as this is all I trade with this system.

market open is a good time. But sometimes market open doesnt move much

Does someone take this trade in the gbp/usd at 5/15 dashoboard.
I do and grab some easy pips

I find NY is best and Asia 2nd,

It seems thats when the volume is, today it waited because it had moved so much in london. about 130 pips, thats about the average daily move in all sessions, so the probability to go down was pretty good

The great thing about this sistem is the MM of the 70/30. That is you take your profit, 70% of your position, when the 1st profit target is hit and let the remaining 30% to run until the EMA 3 & 5 crossing the EMA 13 or until it hit your SL.

You can either open two position i.e.. 70% & 30% or you can open one position but, when you manually close it, you only close it 70% of the position and leave the remaining 30% in the trade.

Hi All,

a new thread was started last week, initially to discuss utilising the Profit All Day with a slightly modified strategy of retracements.

It makes sense as a thread is already there to discuss other enhancements that could be made to the system, while keeping this the original thread as it's creator intended.

At this point there are 2 modified methodologies there, though if any one has any others please post them there so this thread can remain "pure".

Regards
http://www.forexfactory.com/showthread.php?t=281952

This was the thread I was looking for, thanks jmw!

Thanks

I've added my modified version on the new thread if anyones interested

this system isnt any better or worse than than the hundreds of other systems here on ff.

out of 7 trades i took so far over the last 2 weeks. first 3 were winners. 1 was be. the other 3 were consecutive losers. so iam overall on a loss in 2 weeks.

so i cannot see the benefit of this system. unless you change the SL:TP ratio, you will not make pips in the long run.

where has cubby dissapeared off to ? i wonder how well he is doing ??

If you compare all systems, they all give you the same signals, I compared many side by side, the entry candles are basically the same, whether it is niceguys ridiculous 7 pips system, pad, or 1 2 3 or pandora box renko or...

Look at EU (squeeze H1 Chart a little) from 14 February til now. It's an uptrend. The only thing that would save you is taking long entries only. If you did take long entries only, you MUST be in plus.

I shorted Gold two days ago counter trend and got wiped out, even though conditions were met.

It was a very crucial find to me, that all systems give you exactly the same signals. You can use what I say or disregard, I don't care. You can do the comparison by yourself like I did. All system suck if you disregard trend, cut winners short and don't take partial profits.

Try that LHF simulator I posted earlier. It is the same as actual trading, just takes less time. If you can't double your account in 3 month worth of data, then look for reasons for that. Also higher TimeFrames are more reliable. M15 signals are much more reliable than M5. Look at James16 thread, there they trade on M5 chart, BUT they take the daily candle signals. They simply look at M5 for precision, but signals are from Daily Chart (80% success rate)

What stats showed me, M5 win ratio is about 5% under M15. That's huge! In the end it makes a difference between prifitable and not. H1 is about 3% more reliable than M15, but in H1 you can take your profits later, which means more profit.
I have dozens of exercise books on my table all written with different tests for different pairs, just trust me on that one. M15 > M5.

I switched to H1 this week and I am never going lower! I don't need 100 trades a week, three-four is enough for me. H4 looks even better (with most of the time with possibility of profit taking at 1:2, which is great), H4 Gold has basically no fake outs, but there is usually less than 1 set up per week in average. But it is very realiable and you can always test and add more pairs. Make sure you test them.

I agree with you about TP!!! But please, don't forget that the 30% is the best part here. It makes MORE money than the 70%. I take HALF off at 2:1 and then I partially close 10% on each spike or round numbers. The last 10% close sometimes make more then the initial 50% if you close the last 10% at like 1:3. Test it!!! You can have 50% winratio but your wins are gonna be bigger. I also move SL tighter after closing 50%, so if the trade goes against me, I don't turn a winner into a loser. I usually put it behind my entry, if trend is strong in front (BE).

I might later attach a picture of an example of partial close.

OK, here the picture. I simulated that trade in LHF. Please note, it is an example of Partial Close, it is not a Cubby trade, but might be helpful:

i agree with the higher time frame suggestions. that is the way i trade myself.

i tried the 5m on demo as per cubbys rules, but at a loss after 2 weeks. not very convincing.

i have invented my own chart that i have been using for almost 9 months now. far better and successfull than most i have seen here on ff. and it works very well alongside cubbys charts.

i may just start a thread soon on the charts i use. many people have asked me before, but i refused because i cant be bothered to deal with negative individuals. so, we shall see.....

Hi,

I uploaded a picture of partial closing.


Yes, please do share things with others! It will usually work better when others contribute to it.

I have had very good success using this system at the 15M time frame and confirming with 1 hr it seems very simple and has a high success rate

In my country we say : ne fais pas aux autres ce que tu n'aimerais pas que l'on te fasse ...

You did here in this thread exactly what you don't want people to do in yours ...

FerruFx

There was a nice trade on the GBP this morning at 6250 was wondering if any one had it.