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Almost SET n FORGET

  • #21
  • Sep 8, 2011 10:56pm Sep 8, 2011 10:56pm
There's something to consider : if we close whatever we got the next day then the TP might be less than 100 pips only,while the SL is fixed at 100 pips (or maybe less also the next day)..well,it's better if someone create an EA and backtest to see the results..If get a positive results from Forex is so simple, why there's a belief that only 2-3% succeed ? just my thought ..

Good Luck !
  • #22
  • Sep 8, 2011 10:58pm Sep 8, 2011 10:58pm
Quoting andri66
There's something to consider : if we close whatever we got the next day then the TP might be less than 100 pips only,while the SL is fixed at 100 pips (or maybe less also the next day)..well,it's better if someone create an EA and backtest to see the results..If get a positive results from Forex is so simple, why there's a belief that only 2-3% succeed ? just my thought ..

Good Luck !

i like ur post.. really... that's why i never trade ONE PAIR
Simplicity your Life
  • #23
  • Sep 8, 2011 11:00pm Sep 8, 2011 11:00pm
please leave here ur comment, post or any idea

i really-really apreciate that, so we can learn each other

since i already put my position... i can leave my computer now..

and when i'm back.. i can answer ur questions....

regards
Simplicity your Life
  • #24
  • Sep 9, 2011 12:51am Sep 9, 2011 12:51am
Just put grid builder on some charts.. there seems to be a good sign here..

If you look a D1/H4 chart it starts to come together. A system where you have sell stops below the 'current' price and buys above.. 1:1 Risk Reward, TP's and SL's, with something like a reverse martingale (5 steps MAX) and close all trades on the first SL hit it could actually work wonders.

Now, to see if I can blend 2 of steves EA's and see what happens.
  • #25
  • Sep 9, 2011 10:03am Sep 9, 2011 10:03am
until this time the closed trades are

EURUSD +100 pip
EURJPY + 50 pip
AUDUSD -100 pip
GBPNZD - 100 pip


still minus 50 pip....

floating trades are +30 pips

will see until closed the day
Simplicity your Life
  • #26
  • Sep 9, 2011 10:14am Sep 9, 2011 10:14am
Martingale might be possible & safe with very small % of capital,like 0.1 - 0.5 %..greater than that i'm not sure..but if the capital is U$ 100 K..that can give few hundreds - thousands in a week ..Good Luck !
  • #27
  • Edited 10:11am Sep 10, 2011 9:38am | Edited 10:11am
nobdy count the result of this week?

so here you are

AUDJPY = -70 pips
AUDUSD = 17 pips
GBPUSD = 93 pips
EURJPY = 133 pips
EURUSD = 310 pips
EURCHF = 96 pips
USDCHF = 214 pips
GBPCHF = 268 pips
GBPNZD= -200 pips
and all is 816 pips.... at 10K account and using 0.1 lot
you can produce $1061......... 8%

with little stress....
Simplicity your Life
  • #28
  • Sep 10, 2011 10:13am Sep 10, 2011 10:13am
what is the beauty...

when our equity rise... u can add more lot
actualy DD is not so big...

I plan to put 0.3 lot next week at my $1000 live account

happy week end to all of you
Simplicity your Life
  • #29
  • Sep 10, 2011 3:24pm Sep 10, 2011 3:24pm
Well I think single pair wont make you good results in long term but trading it on multiple pairs would be good.. In my concept which Im developing there are round numbers too but with different degree of view..

Good luck and a lot of pips...
  • #30
  • Sep 10, 2011 3:40pm Sep 10, 2011 3:40pm
Quoting carolco
Well I think single pair wont make you good results in long term but trading it on multiple pairs would be good.. In my concept which Im developing there are round numbers too but with different degree of view..

Good luck and a lot of pips...
that's true... thx carolco.. part of this idea is coming from ur thread
Simplicity your Life
  • #31
  • Sep 10, 2011 6:20pm Sep 10, 2011 6:20pm
Hi Stevenali,

I think you have found a great way to trade , no screen watching and no stress.

Are you placing orders on all your MT4 pairs ?
  • #32
  • Sep 11, 2011 3:36am Sep 11, 2011 3:36am
Quoting ianp
Hi Stevenali,

I think you have found a great way to trade , no screen watching and no stress.

Are you placing orders on all your MT4 pairs ?

for now.. only

AUDUSD use 100 pips grid
GBPUSD use 100 pips grid
EURJPY use 50 pips grid
EURUSD use 100 pips grid
EURCHF use 100 pips grid
USDCHF use 100 pips grid
GBPCHF use 100 pips grid
GBPNZD use 100 pips grid
AUDJPY use 100 pips grid

EURJPY use 50 pips grid

a little modification, for next week i will use

AUDJPY 50 pips grid
Simplicity your Life
  • #33
  • Sep 11, 2011 4:51am Sep 11, 2011 4:51am
Hi stevenali, interesting system you have, might give it a go next week...
so if you look at GU right now it's trend is down, so you would place a sell order at the next level down at 1.5800 correct?
  • #34
  • Edited 11:12am Sep 11, 2011 10:54am | Edited 11:12am
Quoting bobasker
Hi stevenali, interesting system you have, might give it a go next week...
so if you look at GU right now it's trend is down, so you would place a sell order at the next level down at 1.5800 correct?

yes, you're right....

but please check 2- 3 times in 24H, if the picture posted at post no #8 happen, then we change the order to 1.5900

good luck
Simplicity your Life
  • #35
  • Sep 11, 2011 6:37pm Sep 11, 2011 6:37pm
So according to your system and as it stands right now, you would place a sell stop order on E/U @ 3500, sell stop on G/U @ 5800, and buy stop on Usd/Chf @ 8900, correct?
  • #36
  • Sep 11, 2011 9:24pm Sep 11, 2011 9:24pm
Quoting BJ1
So according to your system and as it stands right now, you would place a sell stop order on E/U @ 3500, sell stop on G/U @ 5800, and buy stop on Usd/Chf @ 8900, correct?

yes.. i already done those order, but for EU is at 1.3600... already open sell now
Simplicity your Life
  • #37
  • Sep 11, 2011 9:46pm Sep 11, 2011 9:46pm
Pairs that open position are

EURUSD 1.3600 SELL
EURJPY 105.50 SELL (use 50 pips grade)
AUDUSD 1.0400 SELL
AUDJPY 80.50 SELL (use 50 pips grade)
GBPNZD 1.9400 BUY
Simplicity your Life
  • #38
  • Sep 12, 2011 3:58am Sep 12, 2011 3:58am
good morning, Sirs

I'm new here. I'ver read carefully this thread, founding it quite interesting. So far I have a couple of doubts:

- I'm from Spain, so when you say to set the orders at the opening, I guess you mean 23:00 GMT+1, rigth?
- On post#6, why did you sell @ 1,43? Are you meaning that during the day, we have to monitor mkt to change orders if SMAs change?
- what happen with gaps? Today you posted SELL on E/U, E/J but at the opening both were below the your level

thks and rgds,

Josechu
  • #39
  • Sep 12, 2011 4:41am Sep 12, 2011 4:41am
Quoting stevenali
Pairs that open position are

EURUSD 1.3600 SELL
EURJPY 105.50 SELL (use 50 pips grade)
AUDUSD 1.0400 SELL
AUDJPY 80.50 SELL (use 50 pips grade)
GBPNZD 1.9400 BUY
When does your day starts? I am in USA so My day start will be when? Fxdd day starts at 5 pm est. Pl. advise me. Thanks.
  • #40
  • Sep 12, 2011 4:50am Sep 12, 2011 4:50am
Trades taken so far, I'm using GMT 00.00 for the start of the day.

AU + 100
AJ + 100
EU + 86 (closed it manualy after it missed take profit by 4 pips) wondering if we need to use a trailing bot to manage trades, i'd be totally pissed if the 100 pip target was missed by a few pips and then it went on to hit our stop, which looks like it's going to do.

Trades I'm still in,

GU - 65 @ time of post
GN - 15 @ time of post
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