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X-Man's Super Simple System

  • #1,281
  • Dec 8, 2011 1:44am Dec 8, 2011 1:44am
Quoting X-Man
Another thing guys please dont start trading this system live straight away.
Demo it for atleast 1 or 2 months.
You must be totally comfortable with it and very confident about it.
The only time you go live is when you fully understand that you can not predict PA, anything can happen.
All i can do is stick to my trading system and trade what i see.
I cannot win 100% but my wins must be greater than my loses.
When you enter a trade you must be ready to lose the money you risking , if you not ready then dont enter the trade.
...
Hi X-Man!

I'm new here, but i like those strategies, and i will back test it...

You wrote, that you use this system since 2 months.
Do you have any spreadsheet or list with the entry points?

It will be very helpful for my back test as a "good" sample...

Do you reach your target?
I mean the daily 30-100 pips?

Thank You and I wish you 1000pips per month

Mammuth
  • #1,282
  • Dec 8, 2011 1:48am Dec 8, 2011 1:48am
lobak
X Mans explanation correct, but once your ready for backtesting, just another tip, instead of Cursor chart set to X mans preferred time frame Zoom in using minus button and then hit the Home button on your PC. This will take you to Furthest Default History. Then you can set where you want to start testing. Heres the trick, when testing use the F12 key on PC. Your bar will only ever move 1 at a time! Will explain more on gaining more History Data at another time. The Pips are awaiting!
Good Luck
  • #1,283
  • Dec 8, 2011 1:48am Dec 8, 2011 1:48am
Quoting X-Man
Well you just put your auto scroll and chart shift off.
You will find that on the top of your MT4 platform.
then you just drag your charts back to the month you want to test.
you view the times and dates at the bottom of your chart.
View only london and first few hours of Ny time.
Then you measure the amount of pips with a cross hair , thats also at the top of your platform.
If someone can give a better explanation i would be glad
Thank you x-man for your help. You're really nice..I hope i'm not causing you a lot of trouble. I've just google it and find the same answer like yours.
I will practice hard to be successful like you.
  • #1,284
  • Dec 8, 2011 1:50am Dec 8, 2011 1:50am
Quoting X-Man
Well you just put your auto scroll and chart shift off.
You will find that on the top of your MT4 platform.
then you just drag your charts back to the month you want to test.
you view the times and dates at the bottom of your chart.
View only london and first few hours of Ny time.
Then you measure the amount of pips with a cross hair , thats also at the top of your platform.
If someone can give a better explanation i would be glad
There is also another way, although a little more complicated and slower that I found on another thread and am using. Using the strategy tester you can load our template that we use on 1h method (or any other) and then get real past data to flow through through so you can then make a decision as if you were live. Really good to test your reactions and decision skills while backtesting. I couldn't find the thread but have added the files I found. A bit of faffing to get it going, but straightforward enough.

Also there are scripts to make the trades so can you set sl and tp levels and it then gives you results over a time period. Not using this part myself - just speed it up and put myself under pressure to make a decision as it ticks along

HTH.

M
Attached File(s)
File Type: zip Trade_Simulator_Installer.zip   120 KB | 528 downloads
File Type: pdf Trade_Simulator_setup.pdf   376 KB | 650 downloads
  • #1,285
  • Dec 8, 2011 1:52am Dec 8, 2011 1:52am
Quoting LazyLobster
You can also use F12 on your keyboard to advance the frame forward one candle at a time so that you can make your decisions on trades hour by hour "real time." so to speak. This technique helps me test my systems out rather well. Never ever have used a simulator. Not that I'm agaisnt them mind you.. Just never felt the need to bother.
Great stuff
I didnt even know the F12 trick up until now.
As a forex trader theres none stop learning. Everyday is a learning experience
You can never say you know everything in forex.
X-man the legendary conqueror of markets
  • #1,286
  • Dec 8, 2011 1:53am Dec 8, 2011 1:53am
Smokey D you beat me to it. You sure your not my long lost brother. Even my charts have same Ind on as yours!
  • #1,287
  • Dec 8, 2011 1:53am Dec 8, 2011 1:53am
Quoting LazyLobster
You can also use F12 on your keyboard to advance the frame forward one candle at a time so that you can make your decisions on trades hour by hour "real time." so to speak. This technique helps me test my systems out rather well. Never ever have used a simulator. Not that I'm agaisnt them mind you.. Just never felt the need to bother.
Was wondering how to do that - thanks.
  • #1,288
  • Dec 8, 2011 1:56am Dec 8, 2011 1:56am
Thank you Lazylobster, SmokeyD and Steve56 for sharing your knowledge with us. I will not forget your kindness. Hope you will make a lot of pips
  • #1,289
  • Dec 8, 2011 2:00am Dec 8, 2011 2:00am
Quoting Steve 56
Smokey D you beat me to it. You sure your not my long lost brother. Even my charts have same Ind on as yours!
They say everyone in the world has a twin....hmmmm
Enter Signature
  • #1,290
  • Dec 8, 2011 2:03am Dec 8, 2011 2:03am
Quoting mammuth
Hi X-Man!

I'm new here, but i like those strategies, and i will back test it...

You wrote, that you use this system since 2 months.
Do you have any spreadsheet or list with the entry points?

It will be very helpful for my back test as a "good" sample...

Do you reach your target?
I mean the daily 30-100 pips?

Thank You and I wish you 1000pips per month

Mammuth
Not 2 months, i mentioned that im a trader for 6 months , i did 2 months demo on the Trading made simple thread and then started live , as i traded TMS i refined my system and came out with this E/U 1H method and mastered this 1 pair.
you dont really need to trade a lot of pairs to make pips.

Yes i do reach my targets, all you need is 2 trades a day 1 at the london and the other at the NY and you can make 30 to 100 pips easily.
I dont have a spread sheet of my back testing all is on paper coz its faster for me.
My entries are on the open of the candle after the signal candle.
X-man the legendary conqueror of markets
  • #1,291
  • Dec 8, 2011 2:14am Dec 8, 2011 2:14am
Quoting LazyLobster
You can also use F12 on your keyboard to advance the frame forward one candle at a time so that you can make your decisions on trades hour by hour "real time." so to speak. This technique helps me test my systems out rather well. Never ever have used a simulator. Not that I'm agaisnt them mind you.. Just never felt the need to bother.
For those who prefer only use mouse, MT4 has the 'Step by Step' tool in the Charts toolbar. Just rick click on the Charts toolbar then select Customise. you can insert the Step by Step tool into the toolbar.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,292
  • Dec 8, 2011 2:19am Dec 8, 2011 2:19am
Quoting SmokeyD
[size=3][font=Lucida Sans Unicode].... you can average just 30 pips/day...
AND you maintain your risk at only 5%
You would have your first million in 28 weeks, based on a 3k USD account and average 30Pip SL.

...
Hi SmokeyD,

Thank you very much for the plan you attach a few days ago. I've made ​​a few adjustments to leave it more dynamic.
Attached File(s)
File Type: xls 1M_28Wks_1.xls   34 KB | 673 downloads
Enter Signature
  • #1,293
  • Dec 8, 2011 2:21am Dec 8, 2011 2:21am
Anyone currently long on EU? I was from one candle back. TDI angle and everything looked okay. And for the TMS people, I believe there was a valid setup and entry candle.

OR are you guys waiting on the summit to finish before doing anything
  • #1,294
  • Dec 8, 2011 2:24am Dec 8, 2011 2:24am
Quoting maudur
Hi SmokeyD,

Thank you very much for the plan you attach a few days ago. I've made ​​a few adjustments to leave it more dynamic.
Great job!
I just love what some of you guys do with docs!

Many many +pips to you!
Enter Signature
  • #1,295
  • Dec 8, 2011 2:24am Dec 8, 2011 2:24am
Quoting hale-mary
Anyone currently long on EU? I was from one candle back. TDI angle and everything looked okay. And for the TMS people, I believe there was a valid setup and entry candle.

OR are you guys waiting on the summit to finish before doing anything
I also entered long on the signal, 1.3417

It`s pretty spikey right now
  • #1,296
  • Dec 8, 2011 2:25am Dec 8, 2011 2:25am
Quoting hale-mary
Anyone currently long on EU? I was from one candle back. TDI angle and everything looked okay. And for the TMS people, I believe there was a valid setup and entry candle.

OR are you guys waiting on the summit to finish before doing anything
the resistance of 1.3427 seems difficult to pass. What do you think of that, X-Man?
  • #1,297
  • Dec 8, 2011 2:25am Dec 8, 2011 2:25am
hy xmen.
big e Trade with 10 lot?
Quoting X-Man
Snarlyjack my buddy very very soon i'll be travelling the world
[color=Blue][size=3]then i would spend few weeks in a country that snows especially for Christmas environment. Here in south africa its summer during Christmas.
This system looks like a very promising money machine.
So far its making me money like crazy

Big E use to love back testing then he started trading 10 standard lots.
So thats how i started back testing to get an idea of what his seeing then i finally seen it, now soon i'll be trading...
  • #1,298
  • Dec 8, 2011 2:26am Dec 8, 2011 2:26am
Hale-Mary:

I don't like the GBP/USD and the Euro right now. They are acting weird in the sense that they usually go th same direction. The fact that they are not tells me to be wary. If I were in, I would be long according to rules of PA, but for now I got an arrow on my screen to keep me busy. Good luck.
"IN CASH WE TRUST"
  • #1,299
  • Dec 8, 2011 2:26am Dec 8, 2011 2:26am
Quoting hale-mary
Anyone currently long on EU? I was from one candle back. TDI angle and everything looked okay. And for the TMS people, I believe there was a valid setup and entry candle.

OR are you guys waiting on the summit to finish before doing anything
I didnt enter any trade yet, just waiting
X-man the legendary conqueror of markets
  • #1,300
  • Dec 8, 2011 2:30am Dec 8, 2011 2:30am
Quoting hale-mary
Anyone currently long on EU? I was from one candle back. TDI angle and everything looked okay. And for the TMS people, I believe there was a valid setup and entry candle.

OR are you guys waiting on the summit to finish before doing anything
London just opened 30 minutes ago.

With PA hitting 68 on the TDI and heading south...there is nothing I see that would make me hit the GO button for a long position.

EDIT----So Sorry!! I was looking at another pair!
Enter Signature
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