Hi JTee1,
I'm trying t get it set up on an FXDD demo account but it keeps crashing on me. Will keep trying though.
Tritan
- #264
- Aug 3, 2011 6:57pm Aug 3, 2011 6:57pm
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
Hi JTee1,
Just wondering how trading is going with this M1 system. You still winning? I'm trying t get it set up on an FXDD demo account but it keeps crashing on me. Will keep trying though.
Do you have any idea on your hit/win rate for this system? 80-90% maybe?
Good work. I've enjoyed reading.
Tritan
Last 3 months have been 10% return with a 85% win ratio. I only trade part time due to other commitments and 8-10 trading days per month. I'm working and trying to get a business up and running. Remember wait for 4 time frame unity then retrace and break of donchian channel. Some were getting in at onset of 4 tf unity then it would retrace on then immediately.
Good luck
JTee1
Tritan
Last 3 months have been 10% return with a 85% win ratio. I only trade part time due to other commitments and 8-10 trading days per month. I'm working and trying to get a business up and running. Remember wait for 4 time frame unity then retrace and break of donchian channel. Some were getting in at onset of 4 tf unity then it would retrace on then immediately.
Good luck
JTee1
Thanks for the info and advice. 85% win ratio ould be nice to will definitely try to emulate that going forward.
Good luck in setting up your Business
Tritan
- #268
- Aug 12, 2011 3:32pm Aug 12, 2011 3:32pm
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
Daytrader_UA
Nice One!!
Been to busy working and trying to get things up and running with new business. I've been trading Asian session occasionally, but not regularly.
Happy trading
JTee1
Nice One!!
Been to busy working and trying to get things up and running with new business. I've been trading Asian session occasionally, but not regularly.
Happy trading
JTee1
- #270
- Edited 6:07pm Aug 15, 2011 5:56pm | Edited 6:07pm
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
Hi all!
Its been a while since I last posted here.
This is what I did, I was wondering if I followed the rules precisely this time.
Thanks.
PS: It was a 5.5p gain.
http://my.jetscreenshot.com/demo/20110815-atkf-62kb.jpg
Did u have a 1 to 1 minus spread profit ratio at onset of trade? Looks like you were real close to a 1 to 1 win ratio, which i prefer when i trade.
Happy trading
JTee1
Yes entry was good and exit was good also. There is several exit strategies and that is one of them.
Did u have a 1 to 1 minus spread profit ratio at onset of trade? Looks like you were real close to a 1 to 1 win ratio, which i prefer when i trade.
Happy trading
JTee1
Finally I'm getting something right here...
What do you mean by 1 to 1 minus spread profit ratio? Could you mean that, if the SL was 15p away, means TP at 15p as well? (1:1) Sorry, I guess I'm a little slow.
Another thing I'm curious about is, as time goes, say for a short trend, the Donchian channel top will continue to drop. Do I adjust my Stop-Loss to the new lower high, or does it remain as where my entry donchian high was?
Also, I notice that THV4 MFTrix repaints when i switch to another time frame and back to M1. Do i force the repaint, or just keep it at how it paints on M1?
Thanks
I attempted another trade today but I think I failed on my SL and moved to BE when I was up +6p.
I'm not sure if its part of the plan or is there a strat to prevent this from happening ;P
Nothing to cry about. BE is still profit for me. But would like tips/hints/feedback to gain more.
Thanks~!
http://my.jetscreenshot.com/demo/20110816-leji-51kb.jpg
I'm not sure if its part of the plan or is there a strat to prevent this from happening ;P
Nothing to cry about. BE is still profit for me. But would like tips/hints/feedback to gain more.
Thanks~!
http://my.jetscreenshot.com/demo/20110816-leji-51kb.jpg
I took another entry slightly later.
This time I held back on setting my BE so quickly and gained 18p from that.
Here is a screenshot.
http://my.jetscreenshot.com/demo/20110816-xmac-51kb.jpg
This time I held back on setting my BE so quickly and gained 18p from that.
Here is a screenshot.
http://my.jetscreenshot.com/demo/20110816-xmac-51kb.jpg
- #274
- Aug 16, 2011 9:33am Aug 16, 2011 9:33am
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
Finally I'm getting something right here...
What do you mean by 1 to 1 minus spread profit ratio? Could you mean that, if the SL was 15p away, means TP at 15p as well? (1:1) Sorry, I guess I'm a little slow. You got it 15 pip sl equals 15 pip tp minus whatever your spread is, which fxdd is usually 2 pips so tp is 13 pips
Another thing I'm curious about is, as time goes, say for a short trend, the Donchian channel top will continue to drop. Do I adjust my Stop-Loss to the new lower high, or does it remain as where my entry donchian high was?
This is the premise of donchian traders, break of outer line and sl is middle line or other outer line. I move to BE at 2/3 of target and always close with 1 or 2 pip profit with one clicker tool
Also, I notice that THV4 MFTrix repaints when i switch to another time frame and back to M1. Do i force the repaint, or just keep it at how it paints on M1?
I keep seperate 15 min chart open and i dont refresh 1 min chart
Thanks[/quote]
Your welcome
Happy Trading
JTee1
What do you mean by 1 to 1 minus spread profit ratio? Could you mean that, if the SL was 15p away, means TP at 15p as well? (1:1) Sorry, I guess I'm a little slow.
You got it 15 pip sl equals 15 pip tp minus whatever your spread is, which fxdd is usually 2 pips so tp is 13 pipsAnother thing I'm curious about is, as time goes, say for a short trend, the Donchian channel top will continue to drop. Do I adjust my Stop-Loss to the new lower high, or does it remain as where my entry donchian high was?
This is the premise of donchian traders, break of outer line and sl is middle line or other outer line. I move to BE at 2/3 of target and always close with 1 or 2 pip profit with one clicker tool
Also, I notice that THV4 MFTrix repaints when i switch to another time frame and back to M1. Do i force the repaint, or just keep it at how it paints on M1?
I keep seperate 15 min chart open and i dont refresh 1 min chart
Thanks
[/quote]Your welcome
Happy Trading
JTee1
- #275
- Aug 16, 2011 9:35am Aug 16, 2011 9:35am
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
I took another entry slightly later.
This time I held back on setting my BE so quickly and gained 18p from that.
Here is a screenshot.
http://my.jetscreenshot.com/demo/20110816-xmac-51kb.jpg
- #276
- Aug 16, 2011 10:05am Aug 16, 2011 10:05am
Finally I'm getting something right here...
What do you mean by 1 to 1 minus spread profit ratio? Could you mean that, if the SL was 15p away, means TP at 15p as well? (1:1) Sorry, I guess I'm a little slow.
Another thing I'm curious about is, as time goes, say for a short trend, the Donchian channel top will continue to drop. Do I adjust my Stop-Loss to the new lower high,...
Happy Trading
JTee1
[/quote]Thank you for the clarification!
Um, yea, I usually set SL to lower Donchian Channel line, and the distance pip in between entry and SL will be my TP as well. But I TP early when I see red bar, or i move my SL line 5 pips below TP and increase TP line if it is going strong. What are your thoughts on that? :/
So its 2/3 from target to BE. Noted! ^_^
Could you explain what the 15m window does?
Thanks again for your help!
Here is another 20pips i took off the day.
I waited for a retrace before putting in a buy-stop order. It just shot up suddenly and TP-ed so quickly, I couldn't do anything.
20-pip TP was set because of the distance between SL and Entry = 20p as well.
Happy Trading all.
http://my.jetscreenshot.com/demo/201...rizm-103kb.jpg
I waited for a retrace before putting in a buy-stop order. It just shot up suddenly and TP-ed so quickly, I couldn't do anything.
20-pip TP was set because of the distance between SL and Entry = 20p as well.
Happy Trading all.
http://my.jetscreenshot.com/demo/201...rizm-103kb.jpg
- #278
- Aug 16, 2011 1:49pm Aug 16, 2011 1:49pm
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
Here is another 20pips i took off the day.
I waited for a retrace before putting in a buy-stop order. It just shot up suddenly and TP-ed so quickly, I couldn't do anything.
20-pip TP was set because of the distance between SL and Entry = 20p as well.
Happy Trading all.
http://my.jetscreenshot.com/demo/201...rizm-103kb.jpg
- #279
- Aug 16, 2011 2:21pm Aug 16, 2011 2:21pm
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
Um, yea, I usually set SL to lower Donchian Channel line, and the distance pip in between entry and SL will be my TP as well. But I TP early when I see red bar, or i move my SL line 5 pips below TP and increase TP line if it is going strong. What are your thoughts on that? :/
Nothing wrong with letting your winners run, but I try to get 1-1.5% return daily and i'm satisfied. If i can do this with one trade a day it frees me up for the other things in life.
So its 2/3 from target to BE. Noted! ^_^
Give or take
Could you explain what the 15m window does?
Just to get a better look at market overall
Thanks again for your help![/quote]
Fear is a traders biggest obstacle. We let losers run and cut winners short.
Overcome fear by good money management, and by acceptable rate of return. Mine is 1-1.5% per trade.
Your welcome
JTee1
Nothing wrong with letting your winners run, but I try to get 1-1.5% return daily and i'm satisfied. If i can do this with one trade a day it frees me up for the other things in life.
So its 2/3 from target to BE. Noted! ^_^
Give or take
Could you explain what the 15m window does?
Just to get a better look at market overall
Thanks again for your help!
[/quote] Fear is a traders biggest obstacle. We let losers run and cut winners short.
Overcome fear by good money management, and by acceptable rate of return. Mine is 1-1.5% per trade.
Your welcome
JTee1