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  • #181
  • Jul 13, 2011 4:32am Jul 13, 2011 4:32am
Quoting tradercnx
Hiya fxozgirl,

I've downloaded that multi purpose trade manager but can't get it to work properly on a demo acc for some reason. Do you have the "remove stop losses" script running with the MPTM? Does this trade manager work if your computer is offline or do you have to have it running and connected to the net? I suppose you'd have to have it running on a virtual private server if your PC was turned off.

cheers
Hi tradercnx,

Not sure what you mean with it not working on demo, it's working on my demo's (see the charts) and I don't know what the 'remove stop losses' script is...sorry

The mptm will only work if your pc is on, I'm using a vps so mine is on 24/7.

Cheers
  • #182
  • Jul 13, 2011 4:37am Jul 13, 2011 4:37am
Quoting jcdollar
Hi I read through your journal and find it interesting. I went through 2 demo accounts using EA's and Trend Indicators and so forth, lets see ahh Rover North, sRs Trend Rider, just to name some! So I started to learn how to trade! I am about two months into it! This is a screen shot of my last two profitable trades, not sure how to get the pips to show up in my MT4 but any advice. I use 5 EMA's, StochRSI (Custom indicator), Parabolic SAR, Jap candlesitcks, and I pay attention to Tech and Fund analysis.

http://i1194.photobucket.com/albums/...SD1Hprofit.png...
Hi jcdollar,

Thanks for stopping by my journal, I hope you find something of use here . I'm sorry I can't really comment on your charts as it's not a system I have studied previously, but I would definitely recommend practising with a demo account until you have a good understanding of your strategy and also your risk appetite.

I have blown 2 accounts and there are hundreds (if not thousands) of others that have too...the market can be fickle and can rarely be trusted, so always make sure you use good money management and accept the fact that you will have losses.

Good luck with your trading and please drop in from time to time to let me know how you're going

Cheers
  • #183
  • Jul 13, 2011 4:39am Jul 13, 2011 4:39am
Quoting Henry #1
Hi fxozgirl, I have been playing around with your system and it looks the part.

The only problem I have are long time frames I have been trying the system on 4hr charts and it looks as though it might be as sucsesful,
but with smaller s/l and p/t. Have you looked at smaller time frames or
is it easyer ( less time monitoring charts) on the daily.
Anyway good stuff I wish you well .
Hi Henry #1,

Thanks for checking out my journal, I hope you find some useful info...

I have not tried this system on shorter time frames, mainly because I am not able to monitor my charts often enough.
I do trade another semi-automatic system on 1 hr charts, but that is completely different to this strategy.

Good luck with your trading

Cheers
  • #184
  • Jul 13, 2011 5:01am Jul 13, 2011 5:01am
Quoting fxozgirl
Hi tradercnx,

Not sure what you mean with it not working on demo, it's working on my demo's (see the charts) and I don't know what the 'remove stop losses' script is...sorry

The mptm will only work if your pc is on, I'm using a vps so mine is on 24/7.

Cheers
Who do you use for the VPS?

I read in the PDF instructions something about a script to remove stops, I thought it was need to use in conjunction with the trade manager.
  • #185
  • Jul 13, 2011 5:18am Jul 13, 2011 5:18am
Quoting tradercnx
Who do you use for the VPS?

I read in the PDF instructions something about a script to remove stops, I thought it was need to use in conjunction with the trade manager.
Ok, I've just read the manual again and see where it says to load the script. I have never done that, I don't think I even have the script, so I wouldn't worry about it unless it was something you would like to use.

Just load the ea as per normal, and go through and turn on/off features as you require.

For my vps I use vpsland, it's $81 USD for 3 months, actually I get a discount it's $72.90
  • #186
  • Jul 13, 2011 5:38am Jul 13, 2011 5:38am
Quoting fxozgirl
Hi Phil,

Thanks for following my journal and I'm glad you're having some success with this method. I have given a fairly detailed reply to rugby trader (see post above) but acknowledge that I definitely can (and do) leave pips on the table, however as i mentioned above, I'm not trying to get the whole move, just the surest part of it and once I've got my first 50 pips in the bag, I pretty much forget the trade and move onto the next one. Sometimes I'll make 50 pips, sometimes 500 pips, rarely a loss (to date) and I'm happy with that .

Keep...
Thanks fxozgirl,

This is really solid and simple and it is refreshing not to be drowned in indicators and BS. More power to ya......
  • #187
  • Jul 13, 2011 6:40am Jul 13, 2011 6:40am
Quoting Aussie Phil
Thanks fxozgirl,

This is really solid and simple and it is refreshing not to be drowned in indicators and BS. More power to ya......
yeh know Phil, you're right, that's a great way to put it...this is solid and simple!

...and I'm sure there's probably plenty of people scoffing at me right now for being so simplistic, but this is working (so far) for me and I really think the key is it's simplicity.

I have looked and watched and I can't see any reason other than a major natural disaster, (read tsunami) or extreme political event that will prevent this strategy from being successful (and as long as I'm sensible with money management).

The stoch follows the price up and down, the price will always go up and down and the stoch will show us that. With that being said, I think they real key is trading this on the daily time frame, I'm not sure the results would be as consistently good on lower time frames due to the lagging qualities of the stoch.

Anyways...I hope you get lots of pips with it

Cheers
  • #188
  • Jul 13, 2011 7:42am Jul 13, 2011 7:42am
Quoting fxozgirl
Hi rugby trader,

Thanks for taking an interest in my thread and I appreciate you asking questions as it always makes me think more about what I'm doing and helps me to be more disciplined.

So let me try to explain my entry strategy...please refer to the attached nzdusd chart and I have marked the candles for the mon, tues and today.

On Monday morning (Sun night for you) both stoch lines had started to head down. The 2 stoch lines were just crossing at the 85 level at the close of the candle (so not a valid entry signal), on Tuesday morning...
oh, i see.
it suddenly becomes a whole lot clearer now!

right demo trading from tonight.

thanks for taking the time out to explain.
  • #189
  • Jul 13, 2011 7:54am Jul 13, 2011 7:54am
These two pairs are almost setup nicely for your strategy.

eurgbp and eurjpy
  • #190
  • Jul 13, 2011 7:59am Jul 13, 2011 7:59am
Also, just looking at the changes you've made to the Lindencourt system.

You've hardened the guideline up so you only take trades that happen when the Stochs cross in the 80 - 100 and 0 - 20 area so that it's a rule

and...

although you've got the 100ma on your charts you ignore whether it is below or above.

any particular reasons behind those two changes?
  • #191
  • Jul 13, 2011 8:31am Jul 13, 2011 8:31am
I like this system!!
Nice and simple, just like it should be!!

I have made som pips 2 with this system and I´m now developing it so I may make an earlier entry by checking the 4h chart
  • #192
  • Jul 13, 2011 3:53pm Jul 13, 2011 3:53pm
Quoting rugby trader
oh, i see.
it suddenly becomes a whole lot clearer now!

right demo trading from tonight.

thanks for taking the time out to explain.

You're welcome
  • #193
  • Jul 13, 2011 4:01pm Jul 13, 2011 4:01pm
Hi Fxozgirl
Am I right that eu/jpy & eu/usd are crossing & setting up for a trade with the next candles?
Tried to upload charts & failed!
  • #194
  • Jul 13, 2011 4:07pm Jul 13, 2011 4:07pm
Quoting tradercnx
These two pairs are almost setup nicely for your strategy.

eurgbp and eurjpy
Hi tradercnx,

These 2 are on the watch list but I would suggest to watch closely before entering. We're not quite at the close of candle yet, so we need to see clear confirmation first. This is where in the early days I jumped in a bit early and the market kicked me in the butt , it's easy to think that 1/2 hr or an 1 hr won't make much difference but sometimes it does.

I have also seen pairs stay in the overbought/oversold levels for days/weeks before they start to retrace.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurgbp_entryexample_110713.gif Size: 23 KB
Click to Enlarge Name: eurjpy_entryexample_110713.gif Size: 21 KB
  • #195
  • Jul 13, 2011 4:18pm Jul 13, 2011 4:18pm
Quoting fxozgirl
Hi tradercnx,

These 2 are on the watch list but I would suggest to watch closely before entering. We're not quite at the close of candle yet, so we need to see clear confirmation first.
Oh yes for sure, I was just saying they are almost setup. With your system entry rules one has to first wait for the cross over and then enter on the next candle. So wait we will.
  • #196
  • Jul 13, 2011 4:19pm Jul 13, 2011 4:19pm
Quoting rugby trader
Also, just looking at the changes you've made to the Lindencourt system.

You've hardened the guideline up so you only take trades that happen when the Stochs cross in the 80 - 100 and 0 - 20 area so that it's a rule

and...

although you've got the 100ma on your charts you ignore whether it is below or above.

any particular reasons behind those two changes?
Hi rugby trader,

I try to avoid too much comparison to the Lindencourt system (out of respect to the author/creator) as I have changed the rules to the extent that none of the trades I take (at the time I take them) reflect Lindencourt rules at all and I don't want to confuse people too much.

With that being said, my rules are based on visually/manually looking back over the charts and looking for consistencies between the price and the stoch oscillator.
I noticed their was a consistent movement of price in relation to the stochs when price was overbought/oversold and backtested initially and now forward testing as well.
The 100MA is on the chart, but my observations have shown it is irrelevant for 'my rules' (not to say it's irrelevent for Lindencourt or anyone else).

Cheers
  • #197
  • Jul 13, 2011 4:21pm Jul 13, 2011 4:21pm
Quoting anderssv82
I like this system!!
Nice and simple, just like it should be!!

I have made som pips 2 with this system and I´m now developing it so I may make an earlier entry by checking the 4h chart

Hi anderssv82,

Thanks for dropping by...glad you're making some pips

Good luck with the 4H entry, hope it helps some more

Cheers
  • #198
  • Jul 13, 2011 4:30pm Jul 13, 2011 4:30pm
Quoting Hawki trader
Hi Fxozgirl
Am I right that eu/jpy & eu/usd are crossing & setting up for a trade with the next candles?
Tried to upload charts & failed!

Hi hawki trader,

Thanks for your question...I'm glad you mentioned the eurusd, I'm watching closely, but at this stage (for me) I would say a no trade, depending what happens between now and the close of the candle.

The slow stoch signal (lt blue) is only just touching (hasn't crossed the 80 level) and looks like prices is turning back up, so the entry won''t have been confirmed for me. (It's easy to get sucked into this one, saying it's close enough, but it has cost me before, which is why I added the extra line at 85/15 so I was really sure of the cross)
The rule is for the stoch's to cross in the overbought/oversold area and that won't have happened here.

eurjpy as I mentioned above to tradercnx, be patient, wait for the candle to close then check to see if all the rules have been met.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_entryexample_110713.gif Size: 23 KB
  • #199
  • Edited Jul 14, 2011 1:10am Jul 13, 2011 5:24pm | Edited Jul 14, 2011 1:10am
Quoting fxozgirl
13/07/11
nzdusd

sell opened 0.03 0.81738 sl 250 tp 500 be+2 50
update 14/07/11
nzdusd

trade retraced and I closed at the confirmed cross of the stoch (close of candle) at almost full stop loss.

Total pips = -744 (248 x 3)

All my gains made on the eurjpy trade a few days ago are gone, but I am still up well over 2000 pips in forwarding (demo) testing.

Just goes to show though...every system has it's losses.
The one thing I can say about this trade though, is I followed the rules, the entry was valid, just sometimes s..t happens and it doesn't go your way. That's a part of trading we have to accept.

Again, money management is key, don't overtrade on too many pairs or too many lots.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd_tradeclosed_110714.gif Size: 19 KB
  • #200
  • Jul 13, 2011 5:29pm Jul 13, 2011 5:29pm
Quoting tradercnx
Oh yes for sure, I was just saying they are almost setup. With your system entry rules one has to first wait for the cross over and then enter on the next candle. So wait we will.

No valid entries on eurgbp, eurjpy or eurusd today.

eurgbp & eurjpy may be tomorrow...eurusd will be a no trade this time round.


ps. I would be especially careful with the eur crosses over the next few days (irrespective of what system is being traded) as the eurozone financial situation is extremely volatile at the moment.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurgbp_entryexample_110714.gif Size: 21 KB
Click to Enlarge Name: eurjpy_entryexample_110714.gif Size: 19 KB
Click to Enlarge Name: eurusd_entryexample_110714.gif Size: 21 KB
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