I know the b r o k e r thingy has been beat to death...but i can say from experience that the micro-mini account available from F X Solutions are well received...and trading in micro lots often makes good MM sense with any account size under 10K. And they have all the VWB pairs that i trade. Spreads are in the 4 to 5 area for most (EURUSD at 3).
VantagePoint discussion thread
- #306
- Apr 12, 2006 11:10am Apr 12, 2006 11:10am
- | Joined Dec 2005 | Status: It's only money | 1,413 Posts
TRADE FOR SWAP
- #315
- Apr 17, 2006 1:46pm Apr 17, 2006 1:46pm
- Joined Oct 2005 | Status: Trade the MAX System with me... | 1,995 Posts
- #319
- Apr 18, 2006 6:45am Apr 18, 2006 6:45am
- Joined Oct 2005 | Status: Trade the MAX System with me... | 1,995 Posts
- #320
- Apr 18, 2006 7:49am Apr 18, 2006 7:49am
- Joined Oct 2005 | Status: Trade the MAX System with me... | 1,995 Posts
It’s time to post what I have been working on and using successfully as a true “set & forget” VP trading system. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o
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But first a disclaimer: I do not advocate anyone using this system to trade real money. I’m posting this for information purposes only! You might want to demo this, fine tune it and develop from it something that works for you. I also want to acknowledge all the help and information provided to me through this forum and privately. My work is a collaboration. <o></o>
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The attached Excel file allows for input of daily VP predictions. Suggested entries, s/l and t/p values are then generated. If you look at the formulas for each value, you can determine the process I have used to arrive at these values. (Please do not ask me to explain these, they are discretionary). I have tried to keep this system as simple as possible.<o></o>
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There is one more tool I use with this system. Early on I learned from Fiji Trader that the best results using VP and a system like this are achieved when trading “with” the trend. However, I was not satisfied with the trend indicators that are part of VP. I tried all kinds of combinations with only fair results. So I set out to find a better indicator. Hundreds of hours of trial and error led me to a very simple and effective indicator. I use a basic four hour chart on MT4 with an attached Stochastic chart (9,7,7 settings). I trade in the direction indicated by this chart. If the Stoch is flat or in some way not providing a clear directional indication, I don’t trade that pair that day. With ten pairs to trade, I don’t need to trade every pair every day. So if the Stoch is pointing up nicely, I put my entry order in for a buy (opposite is true for a sell order). It’s that simple. Using this indicator DOES mean I miss some profitable trades, BUT I miss more unprofitable trades this way. The end result is very positive. I have been using this method for eight weeks without a loosing week. Smallest weekly gain was 215 pips (all single lot mini account trades), best results were 651 pips in a week. Now if someone else can find a better proven trade direction indicator, please share it with us after you have thoroughly tested it. <o></o>
<o></o>
I usually entered trades at 6 pm est. and closed everything the following day around 4 pm est. But some days, I entered late and closed early; being sure I did not miss a p/h or p/l. Consistency is a requirement. <o></o>
<o></o>
This is a true 24-hour “set & forget” system, and the numbers above are a result of using it that way. However, I like to manage trades and use discretion. So I have done that on some days with better results. Everyone has his or her own trading style. I just applied mine to the use of this system with very good results, but it’s not necessary. <o></o>
<o></o>
This is all anyone really needs to know about this system. Some days are loosers, some winners. Some days there aren’t any trades, some days six or seven. For me, the bottom line is that when used consistently as described, every week has been a winner. Consistency and sticking to the system got me very good actual results. Enjoy!<o></o>
<o></o>
<o></o>
></o><o
></o>But first a disclaimer: I do not advocate anyone using this system to trade real money. I’m posting this for information purposes only! You might want to demo this, fine tune it and develop from it something that works for you. I also want to acknowledge all the help and information provided to me through this forum and privately. My work is a collaboration. <o
></o><o
></o>The attached Excel file allows for input of daily VP predictions. Suggested entries, s/l and t/p values are then generated. If you look at the formulas for each value, you can determine the process I have used to arrive at these values. (Please do not ask me to explain these, they are discretionary). I have tried to keep this system as simple as possible.<o
></o><o
></o>There is one more tool I use with this system. Early on I learned from Fiji Trader that the best results using VP and a system like this are achieved when trading “with” the trend. However, I was not satisfied with the trend indicators that are part of VP. I tried all kinds of combinations with only fair results. So I set out to find a better indicator. Hundreds of hours of trial and error led me to a very simple and effective indicator. I use a basic four hour chart on MT4 with an attached Stochastic chart (9,7,7 settings). I trade in the direction indicated by this chart. If the Stoch is flat or in some way not providing a clear directional indication, I don’t trade that pair that day. With ten pairs to trade, I don’t need to trade every pair every day. So if the Stoch is pointing up nicely, I put my entry order in for a buy (opposite is true for a sell order). It’s that simple. Using this indicator DOES mean I miss some profitable trades, BUT I miss more unprofitable trades this way. The end result is very positive. I have been using this method for eight weeks without a loosing week. Smallest weekly gain was 215 pips (all single lot mini account trades), best results were 651 pips in a week. Now if someone else can find a better proven trade direction indicator, please share it with us after you have thoroughly tested it. <o
></o><o
></o>I usually entered trades at 6 pm est. and closed everything the following day around 4 pm est. But some days, I entered late and closed early; being sure I did not miss a p/h or p/l. Consistency is a requirement. <o
></o><o
></o>This is a true 24-hour “set & forget” system, and the numbers above are a result of using it that way. However, I like to manage trades and use discretion. So I have done that on some days with better results. Everyone has his or her own trading style. I just applied mine to the use of this system with very good results, but it’s not necessary. <o
></o><o
></o>This is all anyone really needs to know about this system. Some days are loosers, some winners. Some days there aren’t any trades, some days six or seven. For me, the bottom line is that when used consistently as described, every week has been a winner. Consistency and sticking to the system got me very good actual results. Enjoy!<o
></o><o
></o><o
></o>