EJ_4H method

Quoting FxFox

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Ishay,

FXsol and GFT are using their proprietary platforms (GTS and DealBook respectivelly). These platforms provide nothing that would be similar to MQL/EA of MT4/3

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Quoting smjones

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Hello Ishay,

All that has been discussed on this system is in this thread. So you should start at the beginning of this thread and read it trough...

Here is a good tutorial for MT4 and you can open a demo acoount there as well and the software is free..
http://www.strategybuilderfx.com/sfxmanual/

Have wonderful weekend... Scott

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Quoting eurusdtrader

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MT4 is free, you shoud download from one of broker's site and install it, then copy the indivcators in experts/indicators where you have installed the MT4, then right click on the indicator that you want to know what it do, and choose modify, then you can see the definitions, calculations and functions and whatever you want to encode.

Regards,
Ibo

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Quoting TimeFreedom

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Stopped out of last Long trade with +45 pips, 50 points Trailing Stop

Entered Short Trade: 142.96 SL: 143.81 (Last Swing High) TP: 142.17 (Weekly R1 Pivot Point)

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Quoting skyline

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I backtested manually on some pairs using EJ method applying a starting/closing trade on next bar that is opened after one was closed with an arrow.
Here's some results:

AUD/JPY - March 2006
short 87.05 out 86.30 = +75 pips
long 86.30 tp 87.08 = +78 pips
short 87.08 tp 86.89 = +19 pips
long 86.89 out 86.46 = -43 pips
short 86.46 tp 83.96 = +250 pips
short 83.91 tp 82.74 = +117 pips
long 82.74 tp 84.07 = +133 pips
total : +629 pips

USD/CAD - March 2006
long 1.1332 tp 1.1614 = +282 pips
short 1.1614 tp 1.1579 = +35 pips
long 1.1579 tp 1.1663 = +84 pips
short 1.1663 out 1.1685 = -22 pips
long 1.1685 out 1.1672 = -13 pips
short 1.1672 out 1.1689 = -17 pips
long 1.1689 out 1.1711 = +22 pips
short 1.1711 out 1.1663 = +48 pips
total : +419 pips

GBP/CHF - March 2006
short 2.2994 tp 2.2723 = +271 pips
long 2.2723 tp 2.2751 = +28 pips
short 2.2751 out 2.2785 = -34 pips
long 2.2785 out 2.2743 = -42 pips
short 2.2743 tp 2.2631 = +112 pips
long 2.2631 tp 2.2698 = +67 pips
short 2.2698 out 2.2723 = -25 pips
long 2.2723 tp 2.2794 = +71 pips
short 2.2794 tp 2.2640 = +154 pips
total : +602 pips

EUR/JPY - March 2006
long 138.08 tp 140.20 = +212 pips
short 140.20 out 140.36 = -16 pips
long 140.36 tp 141.74 = +138 pips
short 141.74 tp 141.54 = +20 pips
long 141.54 tp 141.82 = +28 pips
short 141.82 tp 141.20 = +62 pips
long 141.20 tp 141.37 = +17 pips
short 141.37 tp 141.31 = +6 pips
long 141.31 out 140.66 = -65 pips
short 140.66 out 141.11 = -45 pips
long 141.11 tp 143.96 = +285 pips
total : +642 pips

Everyone can check and it seems that only few trade will be closed with low pips loss, while most of trades are in huge profit as you can verify by yourself.

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Quoting RoBiK

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Thank you for backtesting. Did you used the H4 timeframe? Did you used only the arrows and nothing else (for example no confirmation using MA slope or some other methods, no stoploss)? Did you used the defaut prameters or made some changes to them?
I have written an EA to backtest these signals, but my results are diferent.

See attached file - EUR/JPY March 2006 backtested.


RoBiK

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Quoting eurusdtrader

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Hello Friends



1-please don’t forget the blue color of texts discussing about positions and daily market.



2-Traders who use other platforms can register for a demo account of a broker who uses MT4 as its platform, up the method’s implements in the MT4 and trade on their platforms when their MT4 gives a signal that suits them.



3- Regarding many requests from members it is likely that I construct a private mentoring service, of course this will be limited in case of getting assured. (I think it will be 10 members totally). I am designing a very different and proper mentoring program for both newbies and struggling traders. This may be a very new method in mentoring focusing on personal abilities and experiences of the members. A pretest may be taken to recognition of the level and characteristics and needs of the member. More detailed in upcoming weeks. The free document parts will be OK but the private members will have premiums and some detailed information that won’t be discussed in that documents.



4- I will cover the price trailing in this method as I see this is a demand.



Happy trading

Ibo

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Quoting RoBiK

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Thank you for backtesting. Did you used the H4 timeframe? Did you used only the arrows and nothing else (for example no confirmation using MA slope or some other methods, no stoploss)? Did you used the defaut prameters or made some changes to them?
I have written an EA to backtest these signals, but my results are diferent.

See attached file - EUR/JPY March 2006 backtested.


RoBiK

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Quoting eurusdtrader

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Dear Ian and all friends,



Thanks for your notes, it is good to mention and strive to discover the reality of everything.



1- Again you are rash, I just told the best entry setup, as you mentioned this is a reversal trading method and there are many setups that let you enter a position. On the other hand we have many securities to trade, moreover we are here to make money, it is not important that you trade EUR or GBP or Gold or any other symbol. Remember that I told you should get familiar with behavior of pairs. Majors totally are so skittish and volatile as well as forex is a very sensitive market.

2- I can not really learn all you need by this way, because everybody has his/her own demands and level, so this needs a proper private mentoring and following market for some month to see how we should act in any situation and get stronger to implement the method for ourselves.

3- If there is somebody who tells can learn a strong method to you just in a very short period I think he/she is maybe an imposter. I guess I need to publish at least 20 parts of my documents to reveal sufficient aspects of method to trade properly and profitably. Maybe at the time you are making money just with this few data, but my meaning of properly was so complex, some methods and most of time short term methods is so harmful to health. You will find out when it is late. Health is priceless.

4- If you just enter arrow signals in long run you will be winner but why in practice guys can not do this? It is because they neglect the emotion, stress, patience, daily news or rumors airing pressures, commentaries. Because they neglect proper risk management with the method. Because they are living in many different time zones and miss some opportunities, because they have different personality and lifestyle. I can enumerate more.

5- If this really works, why free, why I did not sell it? Making money is a need but until your income meets your needs, more than that will hurt you. Personally I like art of trading and when I see that I can make money when I want then I don’t have any desire to strive for more and more. We had many millionaire traders or maybe billionaire, but we have just one trader named W. D. Gann. I never want to say that I want to be famous; it is really never help me to be happy man. I feel I am happy really when I see that I am a bit of help for others. So, I have to differentiate between people who want to know much and appreciate and who just want to be a second-guesser.

6- Last but not least, all our methods are on the basis of trending principles so definitely all methods work on the basis of trending markets (supply and demand)

7- It is not so wise that you think you should trade all heavy trends because they are the ones you had to choose. There will be many like this that you will be in doubt to enter or not and when you are in doubt then stay out. The same goes for candles, when you see a candle with 100 pips of range you think that you could seize at least 70 pips of that just in 1 hour easily; but really they are ones you may be so careful to trade (Although in this method I have setups that seize them )

8- I will explain the way to recognize very heavy and strong trends. But this is impossible by this way. It will be possible for private members in conjunction with market following for some months to see different situations of market and being ready for reversals or staying out in time and enjoying their life.

9- I attached 2 snaps to see how it was really so simple 1-2-3 pattern to enter with a breakout confirmation and manage your position, I believe all this trades were aggressive.



Sorry for long letter,

Good trading

Ibo

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Quoting eurusdtrader

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ForexMike,

Please refer to page 2 of EJ_4H Part I:"Two close is better and three is a charm."

Let's tell you again that please don'y play with old indicators so much, they are misleading and really never will show you the way that price will go. Theoritically your hypothesis is right and wise. we use small time periods to enter better place but in practice this is so far. All what I am trying to do is to show you how you can trade forex without any disruption in your life. By the way that you'r talking we should monitor the market all day long that is one of the worst works that I've ever seen. Eacj strategy needs a proper timing, you need just utmost 3/4 checks during day and even can manage positions very professionally than this and update one time each day. This is final goal that I guess private members can reach in a year.

Happy trading,
Ibo

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Quoting eurusdtrader

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iboersma,

Little by little I will explain the setups/triggers and other instruments that we should use to enter a position,we just started with the best entry setup to have a good starting and it has its own conditions. Other setups also have their own characteristics and surely instruments to be recognized. remember that I told price is the best indicator. firstly I told use 8/55SMA and candl colors and so on to get a signal then enter a trade. Afterward I explained how to use chart patterns or dual Stoch to get ready and enter with posing orders; I will make it more explicit in weeks,you will see that in last steps you will use the best setup just as a prompt being ready signal or a confirmation for a confluence of signals and events. I believe that lessons for public especially in such issues (trading) is not so effective, because we neglect knowledge, psychological aspects and many factors that I can not discuss here in advance. Again I repeat that as you see this is enough for you to make money, but if you want to be a very powerful professional in trading you should try hard and much. I want to design a plan to help members design their own methods using their personality and condition, so they will be powerful persons that can trade and get adapted to any market. If somebody claim that he/she can do this by pubic lessons I guess it is not fair.

About private mentoring, it is not still 100%, you should keep in mind that this is very strict work and should be regarded carefully. It won't be a forum as I told it is impossible to help traders with same treatment. Each person should do his/her own exercises and the help is completely fitted to his/her level and knowledge. There will be a pretest and a questionnaire to get familiar with the member. Some questions may be asked extraordinary. The instrument mostly will be emailing or maybe chatting in case of being necessary.

Yours,
Ibo

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