mh, i have a red candle?
DislikedIgnored
- #1,264
- Nov 23, 2011 2:53am Nov 23, 2011 2:53am
- Joined Jan 2011 | Status: Senior Member - Pro FX Trader | 2,736 Posts
- #1,266
- Nov 23, 2011 2:54am Nov 23, 2011 2:54am
- Joined Oct 2011 | Status: Trader | 1,418 Posts
Small disciplines repeated with consistency lead to great achievements.
hy dean
thank you of all what you doing and help.This is very good.
i have no trade on this morning. not a good entry today.
thank you of all what you doing and help.This is very good.
i have no trade on this morning. not a good entry today.
i have not took any trades, due to helping Peter with a few things, but yes looks like a terrible loss this morning looking at the charts
- #1,268
- Nov 23, 2011 2:59am Nov 23, 2011 2:59am
- Joined Jan 2011 | Status: Senior Member - Pro FX Trader | 2,736 Posts
hy dean
thank you of all what you doing and help.This is very good.
i have no trade on this morning. not a good entry today.
- #1,275
- Nov 23, 2011 3:39am Nov 23, 2011 3:39am
- Joined Jan 2011 | Status: Senior Member - Pro FX Trader | 2,736 Posts
- #1,276
- Nov 23, 2011 3:43am Nov 23, 2011 3:43am
- Joined Apr 2005 | Status: Mr. R.E. TIRED | 4,540 Posts
no problem, Peter working hard to get these bugs ironed out
The fact that the market is trading near a key support level is the reason why sell entries are being bounced out.
I am fully aware that it is a mechanical system and you trade what you see, MACD down , PA below MA etc etc
A decent mechanically trading system ( like this one) will make pips over a period of time but to expect every trade to be a winner , every time the indies line up is wishful thinking.
You can tweak and finetune up to a point only with a mechanical system to make sure you capture at least most of the high probability setups.
What no trend system caters for ..mechanical or other...is to cater for high probability setups in a ranging market.
All you can do is to run a backtest that will include a fair representation of all types of market conditions to assess whether you have a system with a positive expectancy ie... profitable.
At some stage of development , you have to take a view on whether the system will be profitable and base it on sound and realistic research. THEN TRADE IT!!
The time spend constantly searching for the elusive Holy Grail can be far better utilized to trade and make money.
An average trading system that produce pips consistently is the Holy Grail. You can effectively compound your gains (or part of it) without compromising your MM ...and make a very good living in the process....it is certainly good enough for me
" Never let the past hold the future to ransom "
- #1,277
- Nov 23, 2011 3:46am Nov 23, 2011 3:46am
Hi guys,
I'm following this thread since it was opened and I like so much this strategy. What do you think to realize an indicator that rings when all the conditions are matched? It could be great, it will give us the possibility to follow more pairs and there will be no need to stay anytime in front of the charts.
Thanks Fratelli for this very nice strategy!
I'm following this thread since it was opened and I like so much this strategy. What do you think to realize an indicator that rings when all the conditions are matched? It could be great, it will give us the possibility to follow more pairs and there will be no need to stay anytime in front of the charts.
Thanks Fratelli for this very nice strategy!
- #1,278
- Nov 23, 2011 3:47am Nov 23, 2011 3:47am
- Joined Jan 2011 | Status: Senior Member - Pro FX Trader | 2,736 Posts
The best sell entry on EU was around 1:30 GMT today.
The fact that the market is trading near a key support level is the reason why sell entries are being bounced out.
I am fully aware that it is a mechanical system and you trade what you see, MACD down , PA below MA etc etc
A decent mechanically trading system ( like this one) will make pips over a period of time but to expect every trade to be a winner , every time the indies line up is wishful thinking.
You can tweak and finetune up to a point only with a mechanical system to make sure you...
When i say bugs i dont mean try to make it better, i mean we got a few bouncing arrows, we also got double arrows appearing, arrows moving themselves. We are just trying to fix this so we dont get confused of a fresh signal
nice to see you here anyway,
