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fxozgirl....keeping it simple!

  • #241
  • Jul 25, 2011 10:57am Jul 25, 2011 10:57am
Goodday Fxozgirl,

I stumbled onto your trading journal "by accident" today and like it a lot so far.
I used to test a lot of EAs on demo and live, but every time I come to the conclusion that I need to go trading manually and on a large time frame, but then I see a new promising EA (d*mn you, Steve ) and the manually trading is off.
But your tread may be my turning point. I will read all the pages this week, set up the charts and MPTM and going for it on demo.
I live in Europe, so i'm thinking about checking/opening trades in the morning before London opening and checking the trades before the midnight close.

Thanks for sharing your method here and good luck with your new job!
  • #242
  • Jul 25, 2011 4:09pm Jul 25, 2011 4:09pm
Quoting JulesvH
Goodday Fxozgirl,

I stumbled onto your trading journal "by accident" today and like it a lot so far.
I used to test a lot of EAs on demo and live, but every time I come to the conclusion that I need to go trading manually and on a large time frame, but then I see a new promising EA (d*mn you, Steve ) and the manually trading is off.
But your tread may be my turning point. I will read all the pages this week, set up the charts and MPTM and going for it on demo.
I live in Europe, so i'm thinking about checking/opening trades in the morning before...
Haha Jules...that is exactly what I have been doing with my trading as well!
I love EA's (Steve's especially), but deep down I know I should manual trade, which is why I started this thread, to try and keep me on the straight and narrow

this is a simple strategy without loads of confusing (read conflicting) indicators and it is teaching me the patience to 'watch' the markets and see how price reacts to various events etc.

It has been very enlightening and I hope you get some benefit as well
  • #243
  • Jul 25, 2011 5:59pm Jul 25, 2011 5:59pm
Quoting fxozgirl
25/07/11 update
usdchf

Apologies for the delay in posting todays chart...
I started a new job today and just need to get my new routine sorted.

At the open of trading this morning, the stoch's had come together but didn't have a confirmed cross yet, so I have held onto the trade.

Not looking that good, but hopefully will turn around in the next day or so!!

26/07/11 update
usdchf

This morning gave me the confirmed cross of the stoch's, so the trade was closed at the cross.

Total pips = -560

Not unhappy though, entry was valid, unfortunately this pair just didn't have enough momentum to move up to our 1st level of 50 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf_tradeclosed_110726.gif Size: 22 KB
  • #244
  • Jul 25, 2011 6:02pm Jul 25, 2011 6:02pm
Quoting fxozgirl
25/07/11 update
gbpaud

There hasn't been too much movement in this trade, stoch's are still heading in the right direction. I think this trade will eventually get to break even, but just needing to be patient at the moment.

26/07/11 update
gbpaud

I'm still hanging in there with this trade, still haven't reached +50 yet to lock in a free trade, but it came very close overnight (I actually think it was only spread that prevented the move to breakeven )
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud_110726.gif Size: 23 KB
  • #245
  • Jul 25, 2011 6:08pm Jul 25, 2011 6:08pm
Good Morning Fxozgirl

similar for eurcad the cross is imminent.......
  • #246
  • Jul 26, 2011 2:32am Jul 26, 2011 2:32am
Quoting Aussie Phil
Good Morning Fxozgirl

similar for eurcad the cross is imminent.......

Hi Phil,

Not sure how this chart looked this morning, but I've just taken a screenshot now and (on my charts anyway) doesn't look like the dk blue stoch is going to cross into over bought unless it continues to head up over night.

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad_examplechart_110726.gif Size: 19 KB
  • #247
  • Jul 26, 2011 4:07am Jul 26, 2011 4:07am
Quoting fxozgirl
26/07/11 update
gbpaud

I'm still hanging in there with this trade, still haven't reached +50 yet to lock in a free trade, but it came very close overnight (I actually think it was only spread that prevented the move to breakeven )
26/07/11 update 2
gbpaud

Woohoo....finally my trade moved to breakeven +2 with the 1st leg of the trade closing for 50.8 pips. Into a free trade now
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud_update_110726.gif Size: 23 KB
  • #248
  • Jul 26, 2011 5:43pm Jul 26, 2011 5:43pm
Quoting fxozgirl
26/07/11 update 2
gbpaud

Woohoo....finally my trade moved to breakeven +2 with the 1st leg of the trade closing for 50.8 pips. Into a free trade now
27/07/11 update
gbpaud

Still in the trade, almost reached the 2nd level, but retraced at approx 95 pips. Trade still looking to move down further today, so hopefully will reach the 2nd close.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud_110727.gif Size: 24 KB
  • #249
  • Jul 26, 2011 5:49pm Jul 26, 2011 5:49pm
27/07/11
eurnzd

DEMO: Opened buy 0.03 1.66421 sl 300 tp 500 be+2 50

LIVE: Opened buy 0.03 1.66345 sl 300 tp 500 be+2 50

Clearly a valid entry today, although the signal line is a bit flatter than I would ideally like, hopefully it will kick upwards today

Good pipping
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurnzd_110727.gif Size: 20 KB
Click to Enlarge Name: eurnzd_live_110727.gif Size: 19 KB
  • #250
  • Jul 27, 2011 2:13am Jul 27, 2011 2:13am
hi, fxozgirl

nice trades! i love it how you can do this daily, so you dont have to sit in front of computer all day long!

let me get this straight...
Enter when both signals pass either 80 or 20.
open 0.03 - close each one at +50pips, +100pips, and one is free trade.

after you enter with 0.03 do you set your mptm and leave?
if so, how do you set your mptm?
looks like you put all trades in trailing stop at +2 and leave it there, and wait until it hits TP.

how do you manage your SL? it looks to me that every trade has different SL. do you have like defined SL for each pair?

thank you,
love your daily system
Jamie
  • #251
  • Jul 27, 2011 2:50am Jul 27, 2011 2:50am
Quoting Jhfx
hi, fxozgirl

nice trades! i love it how you can do this daily, so you dont have to sit in front of computer all day long!

let me get this straight...
Enter when both signals pass either 80 or 20.
open 0.03 - close each one at +50pips, +100pips, and one is free trade.

after you enter with 0.03 do you set your mptm and leave?
if so, how do you set your mptm?
looks like you put all trades in trailing stop at +2 and leave it there, and wait until it hits TP.

how do you manage your SL? it looks to me that every trade has different SL. do...

Hi Jamie,

Thanks for dropping by my thread...

The 2 stoch lines need to cross in either the 80 or 20 zone, and then take the entry once both lines have entered back below 80 or above 20 (make sure this is confirmed at the close of the candle).

I take 0.03 lots, using the close partial trade function in mptm. 0.01 is closed at 50 pips and the stop is moved to breakeven +2, jumping stop is set to 50 so when price is +100 another 0.01 lot is closed and the last 0.01 is left to run. A profitable trade closes when price retraces and hits the jumping stop. A losing trade closes either at full stop loss (which has only happened once to me, when I have followed the entry criteria correctly), otherwise close the trade when the 2 stoch's cross (confirmed by close of candle).

It is so much easier trading this daily, I get more to time study the charts and I'm not tied to the computer all day.

Give it a try on demo and see how you go and if you have any questions, please let me know.

Cheers
  • #252
  • Jul 27, 2011 2:56am Jul 27, 2011 2:56am
Quoting fxozgirl
27/07/11 update
gbpaud

Still in the trade, almost reached the 2nd level, but retraced at approx 95 pips. Trade still looking to move down further today, so hopefully will reach the 2nd close.
27/07/11 update 2
gbpaud

Not happy with this...the trade has been closed at breakeven, however the price did not retrace anywhere near to my stop. Check out the chart and see where the trade was closed and look where the price is now. Lost out on approx 150 pips. I'm just grateful this was on demo, if it was my live account I would definitely be asking questions of my broker.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud_tradeclosed_110727.gif Size: 23 KB
  • #253
  • Jul 27, 2011 3:17am Jul 27, 2011 3:17am
Quoting fxozgirl
Hi Jamie,

Thanks for dropping by my thread...

The 2 stoch lines need to cross in either the 80 or 20 zone, and then take the entry once both lines have entered back below 80 or above 20 (make sure this is confirmed at the close of the candle).

...
Cheers
wow, thank you for quick reply
got it!
enter: must be crossed in 80 or 20 zone, and take it when they come out from the zone.
exit: either stoc cross or use mptm, or SL.

what do you put for SL?
for some trades you have 250 or 300
is SL function included in the mptm function? or do you set this separetly using mt4 modification?(with hand)

i see AUDNZD coming soon...in 13hrs? we'll see abt tht soon enough

Cheers,
Jamie
  • #254
  • Jul 27, 2011 3:19am Jul 27, 2011 3:19am
you should update on the first page how your system is going
like update the profit on demo and on live.

Cheers,
Jamie
  • #255
  • Jul 27, 2011 3:25am Jul 27, 2011 3:25am
Hey fxozgirl!
I have been reading your journal and just wanted to thank you for taking the time to record in it. I have found it really helpful in my trading!

Good luck!
  • #256
  • Jul 27, 2011 3:52am Jul 27, 2011 3:52am
Quoting Jhfx
wow, thank you for quick reply
got it!
enter: must be crossed in 80 or 20 zone, and take it when they come out from the zone.
exit: either stoc cross or use mptm, or SL.

what do you put for SL?
for some trades you have 250 or 300
is SL function included in the mptm function? or do you set this separetly using mt4 modification?(with hand)

i see AUDNZD coming soon...in 13hrs? we'll see abt tht soon enough

Cheers,
Jamie

Hey Jamie,

I've attached the set file for the mptm I use, also stop loss varies from 200, 300, 500 depending on the volatility of the pair being traded. I take the trade manually and set stop loss and take profit (always 500) manually, then attach the mptm to then manage the trade.

...and yes I am watching audnzd as well for an entry tomorrow morning if the signal is confirmed.

Cheers
  • #257
  • Jul 27, 2011 5:09am Jul 27, 2011 5:09am
Quoting Jhfx
wow, thank you for quick reply
got it!
enter: must be crossed in 80 or 20 zone, and take it when they come out from the zone.
exit: either stoc cross or use mptm, or SL.

what do you put for SL?
for some trades you have 250 or 300
is SL function included in the mptm function? or do you set this separetly using mt4 modification?(with hand)

i see AUDNZD coming soon...in 13hrs? we'll see abt tht soon enough

EDIT: oops sorry, my internet has been playing up all night and I didn't realise I had already got my reply through

Cheers,
Jamie

Hey Jamie,

Sorry, I tried to reply a half hour or so ago, but my internet has been on and off all night.

My stop loss is from 200, 250 or 300 depending on the pair and their volatility, take profit is 500 which has been hit once during my testing. I manually set this once I have taken the trade and then add the mptm to the chart.

The mptm is set to move to be+2 at 50 pips and close 0.01 lots. Close partial trade is enabled and closes the 2nd 0.01 at 100 pips and jumping stop is set to 50. The 3rd 0.01 lots is left to run and will close on retrace to the jumping stop.
So, basically once the trade has reached 50 pips, you are in a free trade and every pip there on is a bonus

I tried to attach my set file, but it keeps saying it is an invalid file

I am also watching audnzd for an entry in the morning.

Cheers and Good luck
  • #258
  • Jul 27, 2011 5:32am Jul 27, 2011 5:32am
Quoting Jhfx
you should update on the first page how your system is going
like update the profit on demo and on live.

Cheers,
Jamie
Just for you, I have updated the first page with pip total...demo gone down slightly due to a loss on the usdchf earlier in the week (mind you if the gbpaud hadn't been closed incorrectly the lost pips would have been recovered by now)

No change to the live total, as I have only just commenced trading live at the beginning of this month, however with the turmoil with the euro I haven't traded live again until today..

I will try and update at the end of each week.
  • #259
  • Jul 27, 2011 5:33am Jul 27, 2011 5:33am
Quoting DonForex
Hey fxozgirl!
I have been reading your journal and just wanted to thank you for taking the time to record in it. I have found it really helpful in my trading!

Good luck!

You're most welcome Don...I'm glad you've found some value in it.
Please let me know if you have any questions
  • #260
  • Jul 27, 2011 5:49am Jul 27, 2011 5:49am
Quoting fxozgirl

I tried to attach my set file, but it keeps saying it is an invalid file
A set-file isn't one of the allowed files here to post on FF.
You can try and upload the mptm DAILY.mq4 file you use. All your settings are in there. Or you can save the setfile as txt somehow and then upload it. Saw people doing that before if they posted a setfile.

Good luck and many green pips....
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