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  • #4,141
  • Feb 9, 2012 12:43pm Feb 9, 2012 12:43pm
Quoting X-Man
hey guys
Anyone get any trades?
I went short ealier and locked in 25 pips.
I set my target on the daily pivot as you can see PA bounced off that pivot.
I traded the bounce off the pivot once it past the top of the previous red candle and locked in 30pips.

The rest of my day i spent back testing a scalp system.
[size=3][color=blue]its looking...

Hey X-man, same here, managed to get a few on that short move down.
Attached Image
  • #4,142
  • Feb 9, 2012 12:49pm Feb 9, 2012 12:49pm
Quoting josh11
Hi guy I just wanted to share with you how i backtest and found its really helps me....

I use strategy tester with a basic EA, use whatever date you wish as it starts I pause it and add my template to the chart, then trade it candle by candle good thing I like about it is you can speed it up slow it down and even pause it!!!

I use it like a trading simulator....

Hope this will help some of you
Hi Josh11,

great pips for the week, well done!

Where can I find stategy tester you mentioned?

Thanks
  • #4,143
  • Feb 9, 2012 12:55pm Feb 9, 2012 12:55pm
Quoting jasonnevis
Hi Josh11,

great pips for the week, well done!

Where can I find stategy tester you mentioned?

Thanks
Thanks

If you Press CTRL R or View and then Stategy Tester....

On mt4
  • #4,144
  • Feb 9, 2012 1:01pm Feb 9, 2012 1:01pm
Quoting Phx62
Trade 1....This is not normally a time I trade but I was watching PA at the time and took the signal. On the third attempt to break the high of the Asian session, PA finally made a move and I entered a trade that hit the +30 TP.
Phx62, you did not take any trade yesterday even though during London session prices break the Asian high/low. Is there any reason you went long today when price broke previous high and the candle before that is a pullback candle? Thanks.
  • #4,145
  • Feb 9, 2012 1:19pm Feb 9, 2012 1:19pm
Quoting Phx62
I did not trade at all yesterday because there was no clear break of the Asian session, long or short.
Due to the many areas of support and resistance and no clear trend direction right now, I reduced my TP and my SL to 30 pips. Originally, I was going to try a 25 pip TP & SL but the 30 pip worked out.
Trade 1....This is not normally a time I trade but I was watching PA at the time and took the signal. On the third attempt to break the high of the Asian session, PA finally made a move and I entered a trade that hit the +30 TP.
Trade 2...On the 2nd...
hey Phx, you are amazing at catching most moves, even as little as they might be.

I have one question, how do you manage to stay awake through asian, london and us sessions + catch all the moves and exit perfectly? Do you set an alarm for just before the london and US open, place your trade with TP and SL, then go to bed?

How do you manage your time?

Nice trades!
  • #4,146
  • Feb 9, 2012 1:24pm Feb 9, 2012 1:24pm
Quoting josh11
Thanks

If you Press CTRL R or View and then Stategy Tester....

On mt4
Thanks, ok got the tester happening, where do I find the EA?
  • #4,147
  • Feb 9, 2012 1:32pm Feb 9, 2012 1:32pm
Quoting jasonnevis
Thanks, ok got the tester happening, where do I find the EA?
Choose any EA

Choose symbol EUR/USD and tfm 1hour

then click Use date: set whatever date you like

click visual mode

then click start....
Attached Image (click to enlarge)
Click to Enlarge Name: ea.png Size: 23 KB
  • #4,148
  • Feb 9, 2012 1:47pm Feb 9, 2012 1:47pm
Quoting josh11
Choose any EA

Choose symbol EUR/USD and tfm 1hour

then click Use date: set whatever date you like

click visual mode

then click start....
Ok got it...thanks Josh
  • #4,149
  • Feb 9, 2012 1:51pm Feb 9, 2012 1:51pm
Quoting jasonnevis
Ok got it...thanks Josh
anytime mate hope it help
  • #4,150
  • Feb 9, 2012 2:13pm Feb 9, 2012 2:13pm
Quoting chiche
My friend: I have a question, the 3 vertical lines that you have is the time for london open? close? ny open ? close? I 'm confuced I live in nj, usa (est time) so I put my vertical lines at London open before o after? and NY open : before o after?, I hope you understand.
The vertical lines show the candle where I entered each trade so you can see the position of the TDI at the time the trades were entered. The arrow buttons on the chart show the actual entry and exit of each trade.
The boxes on the chart show each session.....the green with the color inside shows the open and close of the London session including the high and low, the blue shows the open and close of the New York session including the high and low and the two green lines show the high and low of the first 4 hours of the Asian session.
  • #4,151
  • Feb 9, 2012 2:19pm Feb 9, 2012 2:19pm
Wow, this thread has changed so much from the begining, just started to read the 1st 20 pages then decided to read the last 20. In the begining it was all about 1H time frame and simple indicators, now Im reading about 15M 30M etc, its getting really confusing.
  • #4,152
  • Feb 9, 2012 2:36pm Feb 9, 2012 2:36pm
Quoting jasonnevis
hey Phx, you are amazing at catching most moves, even as little as they might be.

I have one question, how do you manage to stay awake through asian, london and us sessions + catch all the moves and exit perfectly? Do you set an alarm for just before the london and US open, place your trade with TP and SL, then go to bed?

How do you manage your time?

Nice trades!
I don't stay awake for all that time. I live in Arizona and usually only trade the 9 hours of the London session. Yesterday, I opened the charts before going to bed and entered the first trade during the Asian, then went to sleep. I am older and don't have children at home anymore and don't sleep as much as I used to, so I concentrate on trading the London session. I set an alarm at the top of every hour during London and check for movements or TDI crosses. If I enter a trade, I usually monitor it until it moves 25 or 30 pips in my direction and then let my EA manage it while I go back to bed. If the candles are large or news is moving the market, I will monitor it longer and move TP and stops. I never sleep 8 hours straight anyway, so I get a couple of hours here and there and catch up on the weekend. During the day, our family owns and operates a business but my hours are flexible so I can go to work early or late. Plus I have a very understanding wife who supports my efforts. I plan to retire in the next 12 months, then I can trade full time and sleep accordingly.
  • #4,153
  • Feb 9, 2012 2:37pm Feb 9, 2012 2:37pm
I would like to congratulate X Man for this wonderful thread, I've been following TMS (Big E) for some time and saw your recent post on his thread. I've now set up my charts with your Template, TDI and 20 & 60 EMA's and it looks great. But I need to fix a couple of areas. The TDI I loaded may not be yours, (TDI with Alerts mq4) I won't go into the lengthy explanation (it has 4 lines of signals on the right obscuring the vital 3 indicator lines) can you please confirm this is the wrong one. Secondly, I loaded the i -Sessions.mq4 and when I dragged it onto the chart I got numerous coloured boxes, and not the lines for each session.
If I knew how to include a screenshot of the chart on this post I would include it, but as yet I don't know how to do that.
  • #4,154
  • Edited 2:59pm Feb 9, 2012 2:44pm | Edited 2:59pm
Quoting Cun
Phx62, you did not take any trade yesterday even though during London session prices break the Asian high/low. Is there any reason you went long today when price broke previous high and the candle before that is a pullback candle? Thanks.
Yesterday, PA did not break the high of the Asian session.
The trade today during the Asian session was an exception.....in fact, my trading plan is to trade only the London session, so it is not something I usually do. I broke the rules of my trading plan and got lucky with a profit. The reason for the trade was the first two blue candles tested the Asian green line and closed below it....on the third try PA broke that high and the TDI was still going in the right direction, so I entered. Like I said, I got lucky and in retrospect, I need to get back to being disciplined and trade according to my trading plan.
  • #4,155
  • Feb 9, 2012 2:55pm Feb 9, 2012 2:55pm
Quoting hale-mary
Trade 2 was on the break of the 1.3310 level as it was stalling out there previously.(bad decision) Wouldn't the large wick on your trade 3 make you want to skip it even with the tdi cross? I am not sure what you saw in the candle to make a long.

On the first trade I thought it was a 123 pattern which is why i entered
As I stated before, the time to enter your Trade 2 was at the beginning of that candle because the TDI had already crossed up.
The setup candle was created by news and had a long wick at both ends, which in my opinion did not qualify as a pullback candle. In this case, I trusted the TDI signal and PA had already moved back up 37 pips following the news spikes. My entry was just a continuation of the last move up of the setup candle.
  • #4,156
  • Feb 9, 2012 3:14pm Feb 9, 2012 3:14pm
hi guys , i would to know, what is your Profit / Risk ratio, many people said , even Xman in the beginning of this thread, that is important to have a high PR ration to cover losses, but, when i backtest this system, the volatility is so high, at the openings hours, that it's really difficult to have a TP supperior to a SL, i use a 30 pips SL, but sometimes i can only make 20 PIPs of profit, there's no way to make twice, or more than the SL
  • #4,157
  • Feb 9, 2012 3:33pm Feb 9, 2012 3:33pm
PHX what EA do you use to manage your trade further?
By the way, the lowest volume candle of the day on the 4 hour the bottom of the wick acts as support and resistance in case you guys wonder.
  • #4,158
  • Feb 9, 2012 11:12pm Feb 9, 2012 11:12pm
hutrader:

He has mentioned before that he uses cavemanager off the THV thread to trail his stops 5 pips below/above candle. Hope this helps.

LL
"IN CASH WE TRUST"
  • #4,159
  • Feb 10, 2012 12:30am Feb 10, 2012 12:30am
Quoting Phx62
The vertical lines show the candle where I entered each trade so you can see the position of the TDI at the time the trades were entered. The arrow buttons on the chart show the actual entry and exit of each trade.
The boxes on the chart show each session.....the green with the color inside shows the open and close of the London session including the high and low, the blue shows the open and close of the New York session including the high and low and the two green lines show the high and low of the first 4 hours of the Asian session.
mr. phx62 thanks so much...
  • #4,160
  • Feb 10, 2012 12:40am Feb 10, 2012 12:40am
Quoting Phx62
I don't stay awake for all that time. I live in Arizona and usually only trade the 9 hours of the London session. Yesterday, I opened the charts before going to bed and entered the first trade during the Asian, then went to sleep. I am older and don't have children at home anymore and don't sleep as much as I used to, so I concentrate on trading the London session. I set an alarm at the top of every hour during London and check for movements or TDI crosses. If I enter a trade, I usually monitor it until it moves 25 or 30 pips in my direction and...
Thanks for the insight into your trading routine.

Very interesting to know that setup an alarm each hour. Do you set it 10 to 15 min before the close of the hour, or right on the hour? This is something have been thinking of doing myself. Do you use a normal alarm clock or some specific trading alarm clock? Have been looking for a traders alarm, client either hardware, software (iphone app), can't see to find one specifically designed for traders.....

Can you please share the EA that you use to manage trades?

Thanks Phx!

PS, Did you catch this little asian move down today?
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