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  • #261
  • Edited 6:22am Jul 27, 2011 6:06am | Edited 6:22am
well, i dont see the set file so you can try uploading the actual mptm file?
i have tried to follow your setting by looking at the screen shots, but not sure if they are set or not... but had hard time figuring out abt SL...sighh

for example, if SL is 300 and TP is 500, current price: 1.26310, SL: 1.23310, TP: 1.31310 ?
just to make sure.

cheers,
Jamie
  • #262
  • Jul 27, 2011 6:46am Jul 27, 2011 6:46am
Quoting Jhfx
well, i dont see the set file so you can try uploading the actual mptm file?
i have tried to follow your setting by looking at the screen shots, but not sure if they are set or not... but had hard time figuring out abt SL...sighh

for example, if SL is 300 and TP is 500, current price: 1.26310, SL: 1.23310, TP: 1.31310 ?
just to make sure.

cheers,
Jamie

Jamie, that's correct for your tp and sl, (this is due to the 5 digit brokers)
Also I couldn't upload as a .set file, but managed to upload a .txt file.
Hope that helps.

ps. If I take the audnzd trade tomorrow, I will be having a 200 sl as it is a low volatility pair.

pps...don't forget if you are trading 0.03 lots, if the trade goes to a loss, then you will be -600 pips (ie. 0.03 lots x 200 pips stop loss)
Attached File(s)
File Type: txt mptm_fxozgirl.txt   4 KB | 407 downloads
  • #263
  • Jul 27, 2011 7:11am Jul 27, 2011 7:11am
Quoting fxozgirl
Jamie, that's correct for your tp and sl, (this is due to the 5 digit brokers)
Also I couldn't upload as a .set file, but managed to upload a .txt file.
Hope that helps.

ps. If I take the audnzd trade tomorrow, I will be having a 200 sl as it is a low volatility pair.

pps...don't forget if you are trading 0.03 lots, if the trade goes to a loss, then you will be -600 pips (ie. 0.03 lots x 200 pips stop loss)
thank you!

i will now begin with my journey. for now, i have no idea whether to set SL at 200, 300, or 500, or measure volatility(no indi).
so i plan to stay with concret set of 300SL and 500 TP.


cheers,
Jamie
  • #264
  • Jul 27, 2011 4:07pm Jul 27, 2011 4:07pm
Quoting JulesvH
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....
Hi Jules,

Thanks for that info...I managed to upload it as a .txt file

Hope you have a good day!
  • #265
  • Jul 28, 2011 10:32am Jul 28, 2011 10:32am
EURNZD
7/26 - valid trade....
but SL triggered

AUDZND
7/27 - valid trade
still going on~
  • #266
  • Jul 28, 2011 3:58pm Jul 28, 2011 3:58pm
Quoting Jhfx
EURNZD
7/26 - valid trade....
but SL triggered

AUDZND
7/27 - valid trade
still going on~
I assume you're trading demo???

I didn't get to update my trades yesterday but in hindsight we probably shouldn't have taken the eurnzd as the signal (light blue) line was a bit flatter than I would normally like.
With that being said my live trade which I took a minute or so after my demo is still in!

audnzd still ok

I will update where my trades are at shortly...
  • #267
  • Jul 28, 2011 4:15pm Jul 28, 2011 4:15pm
Quoting fxozgirl
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
update 29/07/11
eurnzd

DEMO: Trade failed to take off and just hit my stop loss 1.63421 and closed at full stop loss. (The low of the candle is 1.63420, so stopped out by 0.0001 of a pip )

As mentioned in the post above though, in hindsight I probably shouldn't have taken the trade as the stoch signal line was a bit flat...hence this is why we should be demo trading to refine such entries and decision making as this to ensure we always try to enter as viable a trade as possible.

Total Pips = -900 (0.03 x 300 pips)

LIVE: Amazingly I took my live trade 3 seconds after the demo trade and I am still in (my stop is 1.63345)...the trade is currently down around 180 pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurnzd_tradeclosed_110729.gif Size: 21 KB
Click to Enlarge Name: eurnzd_live_110729.gif Size: 19 KB
  • #268
  • Jul 28, 2011 4:22pm Jul 28, 2011 4:22pm
28/07/11
audnzd

opened buy 0.03 1.26536 sl 200 tp 500 be+2 50
I took this trade about 5 mins before the close of the candle as I had to leave for work and the entry was always looking to be valid.

29/07/11 update
audnzd

Trade did move up to just short of my breakeven point, however has retraced a bit at the moment.
Currently down approx 15 pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audnzd_110728.gif Size: 21 KB
Click to Enlarge Name: audnzd_110729.gif Size: 21 KB
  • #269
  • Jul 28, 2011 4:27pm Jul 28, 2011 4:27pm
My trading has been a bit unsettled this week and I have made a couple of rushed decisions because of it.

I've had problems with my internet connection, I'm now having problems with my vps and topped off with starting a new job my schedule is all over the place.

This is not a good way to trade for me as I hate being rushed when trading and it has shown. I will not be trading today as I have to leave for work early again and don't have time to check the charts properly.

I think the lesson in this for the future is that rushing trading decisions can cost money. In future unless I am prepared properly I won't be trading, I would rather miss a winning trade and be able to come back another day, then to jump into a trade unprepared and lose.

I hope everyone has a good day and grabs some pips
  • #270
  • Jul 28, 2011 5:25pm Jul 28, 2011 5:25pm
Hi Ozgirl,

Have we got a possible set-up coming on AUD/USD?

RT
  • #271
  • Jul 29, 2011 3:19am Jul 29, 2011 3:19am
Quoting rugby trader
Hi Ozgirl,

Have we got a possible set-up coming on AUD/USD?

RT

Hi RT,

Yes this will be a pair that looks like we might get a valid entry on for Monday morning.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd_110729.gif Size: 20 KB
  • #272
  • Aug 8, 2011 8:39am Aug 8, 2011 8:39am
Hi fxozgirl, just checking on you, it's been a while since your last update here,

I have been following your progress and have myself made a trade using your method. Took the sell last week on the AudUsd for a nice move. Unfortunately I had to go out of town and the MPTM was not functioning correctly so I closed out but still managed a good trade out of it. (+450p) Wouldn't you know it, we haven't had a power outage in months and shortly after I put on the trade we lost power for an hour due to a heavy rain storm... The MPTM never picked up the jumping stop feature after the outage so I managed it manually until I had to leave. Hopefully the outage was the problem with the mptm but I'll have to look at that.

Just wondering how your progressing.... drop in if you get the time..
  • #273
  • Aug 9, 2011 11:17pm Aug 9, 2011 11:17pm
Well it looks like fxozgirl has left town, A shame I recon her system has a lot going for it.
I have put 4 trades on 3 winners and 1 still running eurgbp up about 80 pips. I am waiting on the audcad the signal line has still to put his head over the 20 and I will be long that pair.

How are everyone else doing , and if you see fxozgirl tell her to come back we miss her.
  • #274
  • Aug 10, 2011 2:15am Aug 10, 2011 2:15am
Quoting Henry #1
Well it looks like fxozgirl has left town, A shame I recon her system has a lot going for it.
I have put 4 trades on 3 winners and 1 still running eurgbp up about 80 pips. I am waiting on the audcad the signal line has still to put his head over the 20 and I will be long that pair.

How are everyone else doing , and if you see fxozgirl tell her to come back we miss her.
I am still trading this system with success. I guess it might be a little slow for some but it suits me and its profitable. Thanks fxozgirl and come back!
  • #275
  • Aug 10, 2011 3:36am Aug 10, 2011 3:36am
I just closed out 60% of the eurgbp @108 pips the rest can run.
Not exactly the rules but I am trying to find what works for me so far I,m happy
  • #276
  • Aug 11, 2011 5:59pm Aug 11, 2011 5:59pm
There are a lot of signals this morning using this method. I hope fxozgirl is participating.
  • #277
  • Aug 12, 2011 8:00am Aug 12, 2011 8:00am
Set a manual order for a break of the High / Low and tighten up your Stops... This would have kept you out of this trade, and you could have got in on the short side..... Or followed your existing rules... IMHO... Great Job!

Quoting fxozgirl
3rd trade...1/06/11

this was a bad entry for which I paid the price...lesson learnt!

eurchf
opened 0.03 buy 1.22911 sl 200 tp 500 be+2 50

Bad entry, I didn't wait to get confirmation that stoch had crossed the 20 line at the close of the candle, price retraced and trade went to full stop loss -200

When I took the trade, the stoch's were crossed, but I was overanxious (and feeling a bit smug about my 2nd trade) that I jumped in before the close of the candle.
Look at the chart, by the time the candle closed you can see clearly there...
  • #278
  • Oct 11, 2011 7:04am Oct 11, 2011 7:04am
Hi Guys,

Sorry I haven't been here for a while

I started a new job at the end of July and I have to start work earlier than I used to and have had to go to work before the close of the daily candle. Not only that I have been so busy just trying to work in my new schedule, I just haven't had much time for trading.

Now daylight savings has started here, I am able to catch the close of the candle so will be starting to trade again. Has anyone been trading this strategy the last couple of months? If so I would be interested in hearing results, good and bad...the market has been pretty volatile lately with the GFC playing havoc.

I am going to do some manual back testing back to when I last traded (end July) to now to see how things would have gone and I will start demo testing and posting trades again.

Please jump back in and let me know how you've been going...looks like Aug had some good trades.

Cheers
  • #279
  • Oct 12, 2011 1:54am Oct 12, 2011 1:54am
OK, I screwed up the time thing with daylight savings, so as I want to get back to trading this system I will be taking my trade as late as I can BEFORE the daily close...just remember this is not recommended, but I just cant be at my pc at the close, so I will only be taking trades that have very clear signals.

Also, I have decided to make an adjustment to my take profit / close trade rules.

As I originally did, I will still be closing 1/3 of the trade at 50 pips and moving my stop to BE +2. Again, I am still wanting to preserve capital as my first priority.
Once BE has been hit, I will then just let the rest of the trade run and will close at the cross of the stoch's (as confirmed at the close of the candle or as close to the close as I can be).
I want to compare this exit strategy with my original one and see which makes more pips.

I will start my demo today!
  • #280
  • Oct 12, 2011 1:56am Oct 12, 2011 1:56am
Quoting Aussie Phil
I am still trading this system with success. I guess it might be a little slow for some but it suits me and its profitable. Thanks fxozgirl and come back!

Hi Phil,

I know it's been a little while, but are you still trading this system? If so, how have things been going for you?
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