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GBPJPY Daily Trend Method

  • #1,021
  • May 5, 2011 5:56pm May 5, 2011 5:56pm
Quoting tonny47
hello Michael,

i have been looking at your method over past couple of days. havent finished reading entire thread to be honest but will do within next few days.

i installed your system on alpari uk demo and the MT4 from forex.com, however I have trouble backtesting this system because the red line can only be seen for few weeks back in the history. how do you get so much data in the history with a red line?

as per `modified system` in your excel sheet from page 1: do you move SL to +25 or +35 once you are up 100 pips?

have a good...
According to video on page 1 you move sl to +25 after you are up 100 pips.
  • #1,022
  • May 6, 2011 1:59am May 6, 2011 1:59am
hi hankt

if i am not wrong Michael mentioned 35 in one video and 25 in the other
  • #1,023
  • May 6, 2011 8:39am May 6, 2011 8:39am
Quoting HankT
According to video on page 1 you move sl to +25 after you are up 100 pips.
Yeah, those parameters have changed......it is now +35 when you are up 90 pips.....I believe I answered your other questions on Skype....Let me know...
  • #1,024
  • May 6, 2011 8:46am May 6, 2011 8:46am
Quoting tonny47
hello Michael,

i have been looking at your method over past couple of days. havent finished reading entire thread to be honest but will do within next few days.

i installed your system on alpari uk demo and the MT4 from forex.com, however I have trouble backtesting this system because the red line can only be seen for few weeks back in the history. how do you get so much data in the history with a red line?

as per `modified system` in your excel sheet from page 1: do you move SL to +25 or +35 once you are up 100 pips?

have a good evening...
Thanks for checking it out Tonny! You can change the number of bars that show the red line in the indicator properties window....I believe it is the first setting listed (Count Bars). Just change it to some high number. I've found that it tends to bog your platform down if you have too many bars showing the red line so I did my testing offline. It makes a world of difference...
  • #1,025
  • May 6, 2011 8:47am May 6, 2011 8:47am
Quoting wtjs1971
THanks michael.
what if the indicators mix? should we let the previous trade open?
Yes, if the indicators are mixed and we have an open trade, we leave the trade open.
  • #1,026
  • May 6, 2011 8:52am May 6, 2011 8:52am
Gbpjpy daily trend method: No trade today.....adx is well below 25
  • #1,027
  • May 8, 2011 4:27am May 8, 2011 4:27am
thank you very much Michael for speedy answer. it works!
  • #1,028
  • May 9, 2011 8:58am May 9, 2011 8:58am
Quoting tonny47
thank you very much Michael for speedy answer. it works!
  • #1,029
  • May 9, 2011 8:58am May 9, 2011 8:58am
Gbpjpy daily trend method: No trade today....adx is well below 25
  • #1,030
  • May 9, 2011 9:12am May 9, 2011 9:12am
By the way, I just wanted to let you all know that I will be on vacation all of next week. I will still give out the GBPJPY DAILY TREND METHOD signals but I won't be around for longer than that takes.
I'll be in Gulf Shores, Alabama at "The Beach Club"!!!
  • #1,031
  • May 10, 2011 8:34am May 10, 2011 8:34am
Gbpjpy daily trend method: No trade today....adx is not even close to 25 (20)
  • #1,032
  • May 10, 2011 5:16pm May 10, 2011 5:16pm
Quoting MichaelLee_8
Gbpjpy daily trend method: No trade today....adx is not even close to 25 (20)
Michael, Thanks for the answer above.
I supposed you used this system for live also?
would it be possible to post the result of open trade (ie in PIP) in addition to the info on the trade should be open or not?
For instance if today you inform the trade is open, on the following days you can post the progress of this trade as well.

have a wonderful vacation @ the beach
  • #1,033
  • May 11, 2011 8:08am May 11, 2011 8:08am
Yeah.....I can do that...no problem
  • #1,034
  • May 11, 2011 9:01am May 11, 2011 9:01am
Gbpjpy daily trend method: Wait
  • #1,035
  • May 11, 2011 9:30am May 11, 2011 9:30am
Gbpjpy daily trend method: Wait
  • #1,036
  • May 11, 2011 10:00am May 11, 2011 10:00am
Gbpjpy daily trend method: No trade today.....indicators are mixed
  • #1,037
  • May 11, 2011 10:50pm May 11, 2011 10:50pm
Quoting MichaelLee_8
Yeah.....I can do that...no problem
That'd be awesome if you could also inform the progress of the open trade from previous day.
  • #1,038
  • May 12, 2011 7:28am May 12, 2011 7:28am
I sure will....
  • #1,039
  • May 12, 2011 9:01am May 12, 2011 9:01am
Gbpjpy daily trend method: Sell
  • #1,040
  • May 12, 2011 9:03am May 12, 2011 9:03am
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