Profit All Day System | Page 69 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EA "Close all positions at profit target" closed all positions at loss ? 9 replies

Simple scalping system, all red or all green 101 replies

Day Trading system - Simple system to make money 51 replies

Profit All Day with Retracement - EA development 42 replies

Looking for EA to close all Buy Or all Sell trades when in profit 0 replies

Attachments: Profit All Day System
Exit Attachments

Profit All Day System

  • #1,361
  • Jul 12, 2011 9:36pm Jul 12, 2011 9:36pm
Quoting DojiMojo
Hello All. I found this thread yesterday and it really caught my attention.
I love the simplicity and logic of the system.

I read through most of the thread and learned as much as I could about the method.

Today I put it to the test on my live account.

It was a good first day.

I trade the New York Session only (Since I live in Arizona).
I stopped trading prior to the 11:00 am FOMC news.
I had 4 trades today. On each trade I took off 70% of position at TP1 and let the remaining 30% run.

1 GBPUSD trade Long TP1 +19, TP2 +8 Adjusted net...
Hi Shannon, yes they were all taken from the M5 chart.

Looking forward to tomorrow...
  • #1,362
  • Jul 13, 2011 7:34pm Jul 13, 2011 7:34pm
Not too bad today, I had a loser on the 15m USDCAD this morning...should have known not to go short right above .9600 but I just made up for it...closed 70% at +23 pips on USDJPY 1H chart...now I can finally relax
  • #1,363
  • Jul 15, 2011 6:16am Jul 15, 2011 6:16am
hello all! i think this system will work because we follow trend and take order with revers from 5min. if follow rules will be profitible. wish you all succes many pips my friends
  • #1,364
  • Jul 15, 2011 6:37am Jul 15, 2011 6:37am
anyone follow this system? and how long time is?
  • #1,365
  • Jul 15, 2011 6:56am Jul 15, 2011 6:56am
no answer
  • #1,366
  • Jul 15, 2011 7:01am Jul 15, 2011 7:01am
geobull[quote][no answer /QUOTE]

geobull
Quote
anyone follow this system? and how long time is?

This looks much like that system known as "Child's Play"

Cross of the 3,5,13, SMA's and angle and separation confirmed on a higher time frame.

I have no backtesting statistics, but like the thread's author, I know a few traders that swear by it. Will work in any market on any time frame.
  • #1,367
  • Jul 16, 2011 4:00am Jul 16, 2011 4:00am
I observe it, but tell you the truth, I have a lot of stop losses. anyway, I think there should be a trend first, then it works every well. If it's in a ranging market, it's so risky, the stop loss is huge anyway!

I think it's not good for newbie.
  • #1,368
  • Jul 17, 2011 2:11am Jul 17, 2011 2:11am
Hi everyone!!!


So I thought I would stop by and give you guys a few tips and some helpful trading information regarding this system.


Yes, I still use this system. It's my main system and will probably always be. I have used this system for a few years now and over the course of those few years I have not stopped trying to find a better system.


Just because I've looked into other systems does not mean this one is not good. I'm just trying to see if there is anything better. Bottom line is over 3 years of this search I still can't find anything better. I have been using this system consistently for years now.


if you trade multiple pairs you will find that there are weeks/months where you can have streams of losses....


average % risk used 2-3.5% risk.


for example...
week 1, 6% gain.
week 2, 3% gain
week 3, -2% loss
week 4, -1% loss.


So overall here you have a 6% monthly gain which for some might not be a lot but really if you want to make a living as a trader it's important to start small.


I have had winning months of more then 35% using this system with a 3-5% risk per trade but I've also had losing months of %11. It's all about sticking to the system for the long run.


Whats the best pair to use? EURUSD. This pair has it's up and downs with the system but it will come out profitable most months.




system tips


-I've changed the ema's a bit for my system. I now use ema's 14,6,4.


-If you are trading on the 5/15 min time frame. Check the higher time frames like the 1 hour and 4 hour to see if ema's are trending in the same direction as the trade you are wanting to take on the 5/15 min.


-Take the absolute nearest swing levels. Don't take the more obvious ones take the closest that you can find. This will help you get you profit faster. I'm very good at spotting swings now that I can pick them before they're even fully developed. You will see this the more you trade the system.


If you stick to just the EU pair trading NY you should average anywhere from 10-20% profit per month risking 2-5% per trade.


I'm not on here much anymore because of all the crap talk from some members and also the up keep a thread requires but I will try to come every once in a while to see how people are doing with PAD.


I wish everyone trading the system best of luck!

Cubby
  • #1,369
  • Jul 17, 2011 11:42pm Jul 17, 2011 11:42pm
Quoting Cubbybgood
Hi everyone!!!


So I thought I would stop by and give you guys a few tips and some helpful trading information regarding this system.


Yes, I still use this system. It's my main system and will probably always be. I have used this system for a few years now and over the course of those few years I have not stopped trying to find a better system.


Just because I've looked into other systems does not mean this one is not good. I'm just trying to see if there is anything better. Bottom line is over 3 years of this search I still can't find...
Thank you Cubby. I agree this is a good system and like you I keep trying to find a better one but keep coming back to this one. Thanks for the new tips and updates.
  • #1,370
  • Edited 9:15pm Jul 18, 2011 9:03pm | Edited 9:15pm
Great to see you still around Cubby, and any tips you have are greatly appreciated. Today was interesting, 3 winners and one loser and I just broke even, how frustrating. I'm finding that leaving 20% of the position open is actually losing me lots of pips...maybe I've been getting into the trends too late, I don't know, but I always seem to get in on the last swing. Here is the losing trade from today, plz let me know if I did something wrong, maybe the price was too far from my entry level when it broke out?

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD July 18 2011.png Size: 79 KB
  • #1,371
  • Jul 19, 2011 11:16am Jul 19, 2011 11:16am
Nice to see you again and thanks a lot for your kind advice.
one question, "NY" means New York and EU session overlap? because as far as I know the second half of NY session is quit quiet.
  • #1,372
  • Jul 27, 2011 10:22pm Jul 27, 2011 10:22pm
Traded this system for one day, mostly scalping and made 70 pips. Have to see if I can reproduce the day. So far very promising.
  • #1,373
  • Jul 28, 2011 5:56am Jul 28, 2011 5:56am
Quoting Cubbybgood
Hi everyone!!!


So I thought I would stop by and give you guys a few tips and some helpful trading information regarding this system.


Yes, I still use this system. It's my main system and will probably always be. I have used this system for a few years now and over the course of those few years I have not stopped trying to find a better system.


Just because I've looked into other systems does not mean this one is not good. I'm just trying to see if there is anything better. Bottom line is over 3 years of this search I still can't find...
Hello Cubby, I have been folllwing some of your threads. I am relatively new to FX and looking to compare some systems against eachother. Do you have a template that you use to detail and describe each system and also to compare systems performance? I want to run some trials over the next few months. Your help would be appreciated...
  • #1,374
  • Aug 5, 2011 4:00pm Aug 5, 2011 4:00pm
Quoting shannon
Great to see you still around Cubby, and any tips you have are greatly appreciated. Today was interesting, 3 winners and one loser and I just broke even, how frustrating. I'm finding that leaving 20% of the position open is actually losing me lots of pips...maybe I've been getting into the trends too late, I don't know, but I always seem to get in on the last swing. Here is the losing trade from today, plz let me know if I did something wrong, maybe the price was too far from my entry level when it broke out?

Attachment
what are those numbers on chart and which is the loosing trade?
I found a penny today. That's +100 pips for me.
  • #1,375
  • Aug 11, 2011 5:56am Aug 11, 2011 5:56am
Hi ReaM,

The numbers are the 'Advanced Fractals' indicator, I don't use MT4 so that's all I could find, it just shows the difference b/w the most recent swing high/swing low. So the losing trade is where the red arrows are, I used the swing low marked '76' as my entry (1 pip below) and the swing high marked '45' as my stoploss, so my target was about 23 and it almost got hit but missed it by 1-2 pips. You recommend moving the s/l to breakeven once the price is close to the target right?

I also was wondering if the chat room on Skype is still active?

Thanks,

Shannon
  • #1,376
  • Edited 7:45am Aug 12, 2011 7:34am | Edited 7:45am
I attached a pic. What program do you use?
I would not recommend moving SL to BE.

I have not logged in in skype for months, but I am sure there are people in that room.

I marked the entries on the chart. In most cases, you can set take profit at the same length as SL or even more but then you will only take the first entry after ema cross. But that is discretionary and you have to test it, otherwise, trade it as Cubby wrote it.

With my own rules that if I traded this system, there are no loosers in the screenshot (but there surely are outside of the screen hehe). I trade a different (my own) system, so I can't say you about any success or failure.

I would recommend papertrading the system since the beginning of the year. H1 chart should not take more than an hour. Just take every entry after a clear ema cross (without looking at higher TF) and make a plus on paper if it reaches TP, a minus if it is a looser. If TP is not reached by 1 pip, make a minus. Don't let 30% run when paper testing, because it is discretionary where you close the profits.

You can go and test it with 1:1 RR the same perioud and see if it performs better, you can go test 1:2, 1:3 RR and see how the system works. Always test things thoroughly. You may find out, that Cubby's rules are the best, so then you just trade it.
Attached Image (click to enlarge)
Click to Enlarge Name: pad.jpg Size: 513 KB
I found a penny today. That's +100 pips for me.
  • #1,377
  • Edited 11:33pm Nov 18, 2011 11:24pm | Edited 11:33pm
Quoting forex1962
I don't know where I'm going wrong every trade I do in demo works but evry live trade seems to fail............I follow all the signals then as soon as I enter it turns against me!
I have followed up this thread and found this very interesting.

I am so pity to you, seems like that you make it so complicated. You dont have to identify which candle swing high or low. Erase all your emotion and follow my system to use this system.

Buy Rules:
1. Enter at intersection of EMA 3 and EMA 5 above the EMA 13 (EMA 3> EMA5)>EMA13
2. CCI 24 has crossed up level -90 or more safe 50 level

Exit: EMA 3 and 5 (EMA3<EMA5)
SL: 30pips or at your own MM

Re-entry: at any intersection of EMA3 > EMA5 above.

No selling above EMA13

Sell entry: Contra the above


Good Luck

Wid
Attached Image (click to enlarge)
Click to Enlarge Name: gbp3.gif Size: 27 KB
  • #1,378
  • Nov 19, 2011 3:16am Nov 19, 2011 3:16am
Quoting wid
... I am so pity to you ...
Nice comment ...

According to your rules, your screenshot is wrong. The vertical lines are both 2 candles before the entry and exit points. The EMA3 & 5 definitively cross at the close of the next candle ... so entry/exit is at the open of the 2nd candle after your lines.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,379
  • Nov 20, 2011 12:48am Nov 20, 2011 12:48am
Quoting FerruFx
Nice comment ...

According to your rules, your screenshot is wrong. The vertical lines are both 2 candles before the entry and exit points. The EMA3 & 5 definitively cross at the close of the next candle ... so entry/exit is at the open of the 2nd candle after your lines.

FerruFx
You are right my friend. Yes the entry will be the next opening candle after the crossed. The closing is purely subjective, depending on how many pips of your target or on opposite signal.
  • #1,380
  • Nov 20, 2011 5:20am Nov 20, 2011 5:20am
Quoting wid
You are right my friend. Yes the entry will be the next opening candle after the crossed. The closing is purely subjective, depending on how many pips of your target or on opposite signal.

you are using the 1 hr tf. cubby recommends 5/15 min ? also, see his last post, emas have now changed to 14,6,4. have you tried with this variation ?
0 traders viewing now