DislikedHi JTee1,
I'm trying t get it set up on an FXDD demo account but it keeps crashing on me. Will keep trying though.
TritanIgnored
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DislikedCheer King. Will definitely look into that.
How are you finding the system? Working well and getting pips?
Thanks again.
TIgnored
DislikedHi 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.
TritanIgnored
DislikedTritan
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
JTee1Ignored
DislikedHi 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.jpgIgnored
DislikedYes 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
JTee1Ignored
DislikedI 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.jpgIgnored
DislikedFinally 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,...Ignored
DislikedHere 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.jpgIgnored
DislikedUm, 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! ^_^
[color=Teal]Give...Ignored