Thanks, Olarion. Your results are so encouraging!
Hi Al, Carl,
If I am not mistaken, this question had been answered before, but I can't recall where it was. I tried to find it in various Search Engines, but no avail.
Please tell me whether I need to set GMTShiftHrs to the time difference between GMT and the local time, where the server is? In my case, I am with Oanda in New York, hence -4 hours.
Many thanks again and again for all your efforts in helping us.
Cheers...
P.S. Please accept my apology, if I have repeated an answered question.
If I am not mistaken, this question had been answered before, but I can't recall where it was. I tried to find it in various Search Engines, but no avail.
Please tell me whether I need to set GMTShiftHrs to the time difference between GMT and the local time, where the server is? In my case, I am with Oanda in New York, hence -4 hours.
Many thanks again and again for all your efforts in helping us.
Cheers...
P.S. Please accept my apology, if I have repeated an answered question.
To excel by continuous learning 
First of all, Happy Easter to everyone, who celebrate it!
Special thanks to Al and to all unnamed heroes, who have contributed to make this system great and successful.
Last Thursday I traded 5 pairs and won all of the them (5/5): AUDUSD (sell)=27, NZUSD (buy)=25, AUDUSD (buy)=23, USDCAD (sell)=48, EURUSD (buy)=19, USDCHF (sell)=23 -> Total = 165 pips in just one day.
Not bad at all for a novice...
See you all again next week! Cheers...
Special thanks to Al and to all unnamed heroes, who have contributed to make this system great and successful.
Last Thursday I traded 5 pairs and won all of the them (5/5): AUDUSD (sell)=27, NZUSD (buy)=25, AUDUSD (buy)=23, USDCAD (sell)=48, EURUSD (buy)=19, USDCHF (sell)=23 -> Total = 165 pips in just one day.
Not bad at all for a novice...
See you all again next week! Cheers...
To excel by continuous learning
- #8,325
- Edited 6:42pm Apr 6, 2012 6:26pm | Edited 6:42pm
- | Joined Mar 2012 | Status: Trader | 71 Posts
I want to give you a short update of my live trading results:
In the period from Feb 29 to Apr 6 (only looking at the charts occasionally due to my daily job) I gained +1242 pips which equals to an account increase of 82%.
I think this a really nice result for only trading besides my office job and proves that this system really works.
I only used an emergency stoploss of -150 pips that was removed whenever I played recovery (3-4 times, all ended up BE). I mainy traded M15, occasionally M5 and H1.
In short, this...
Congratulations.
If you would please elaborate a bit on your 82% return;
1. Was this your entire forex live trading account or a portion of it that achieved the 82% return?
2. What was your money management; Lot size as a percentage of your account? 2% per position? 4% per position? 6% per position? etc.
If my calculations are correct trading at 2% per position (ie - 1 lot per 100,000) 1,242 pips will get you a return of 12.4% roughly at $10 per pip X 1,242 for a theoretical return of $12,420. So taking your 82% / 12.4% = 6.6% per position. I could be wrong but those are the numbers floating around in my head. Am I on target or way off?
3. How many positions do you have open max at any one time?
4. What was your leverage?
5. Do you use stop losses or Recovery without stop losses?
Thanks for your help. Best regards.
EDIT - Saw your post on stop losses/Recovery. Thanks.
Hello, maxryan9999 :
We test this EA ,
" 5 x 5 Buy Sell EA M15 " ,at EURUSD demo account, found that
it place order / position , we don't want those psotions ?
step 1: setup 5 SMA, Shift 5 at chart of EURUSD,
step 2 : open EA 5 x 5 Buy Sell EA M15, Click live trade automatically,
and then watch its result at next day, found its result is not what
what we want ??
and then open this EA , use metaeditor, look its title as below :
----------
//+------------------------------------------------------------------
//|...
You can read here of Al Write
B- With a Tight Stop Loss: If you use a tight stop loss (within 30 pips of entry price or less), at this point apply to the chart the correct EA of the two supplied. The 5 x 5 Buy EA for a long trade or the 5 x 5 Sell EA for a short trade. Please, be aware that this option will reduce your profit by several pips per trade. The trade off is less risk, since you enter the trade in the desired direction.
The 5 x 5 EA will trigger an order once price crosses the Smoothed 5 period, 5 shift moving average (Not shown...
In my nation don't have Easter . So sad 
Share and Receive
Happy Easter to Al and all who greatly contribute to this thread! it is absolutely fantastic.
few days ago I asked for help in installing the system, since I am still not able to enjoy it and take active part in your discussion. it seems that despite my efforts, I still can not get the point...
could anyone please be so kind to help me with it.
I get across number of dumb questions such as: Al says to put all the indicators in the Experts/indicastors folder...however, in my MT4 they are separate (I do have a folder Experts and a folder Indicators).
Maybe that's the case?
As I do not want to put my dumb questions on this valuable thread, is there any post with rules on how to install the system properly?
I would be grateful for any advice.
Cheers to all!
few days ago I asked for help in installing the system, since I am still not able to enjoy it and take active part in your discussion. it seems that despite my efforts, I still can not get the point...
could anyone please be so kind to help me with it.
I get across number of dumb questions such as: Al says to put all the indicators in the Experts/indicastors folder...however, in my MT4 they are separate (I do have a folder Experts and a folder Indicators).
Maybe that's the case?
As I do not want to put my dumb questions on this valuable thread, is there any post with rules on how to install the system properly?
I would be grateful for any advice.
Cheers to all!
- #8,332
- Apr 7, 2012 4:57am Apr 7, 2012 4:57am
- Joined Aug 2011 | Status: Trader | 4,928 Posts
Hi Al, Carl,
If I am not mistaken, this question had been answered before, but I can't recall where it was. I tried to find it in various Search Engines, but no avail.
Please tell me whether I need to set GMTShiftHrs to the time difference between GMT and the local time, where the server is? In my case, I am with Oanda in New York, hence -4 hours.
Many thanks again and again for all your efforts in helping us.
Cheers...
P.S. Please accept my apology, if I have repeated an answered question.
Observation is the path to discovery.
- #8,333
- Apr 7, 2012 4:59am Apr 7, 2012 4:59am
- Joined Aug 2011 | Status: Trader | 4,928 Posts
First of all, Happy Easter to everyone, who celebrate it!
Special thanks to Al and to all unnamed heroes, who have contributed to make this system great and successful.
Last Thursday I traded 5 pairs and won all of the them (5/5): AUDUSD (sell)=27, NZUSD (buy)=25, AUDUSD (buy)=23, USDCAD (sell)=48, EURUSD (buy)=19, USDCHF (sell)=23 -> Total = 165 pips in just one day.
Not bad at all for a novice...
See you all again next week! Cheers...
By the way, the heroes are named. They are in the Hall of Fame at the bottom of post #1.
Observation is the path to discovery.
- #8,334
- Apr 7, 2012 5:06am Apr 7, 2012 5:06am
- Joined Aug 2011 | Status: Trader | 4,928 Posts
Observation is the path to discovery.
- #8,335
- Apr 7, 2012 5:14am Apr 7, 2012 5:14am
- Joined Aug 2011 | Status: Trader | 4,928 Posts
Observation is the path to discovery.
- #8,338
- Apr 7, 2012 5:59am Apr 7, 2012 5:59am
- Joined May 2010 | Status: Trader | 1,188 Posts
Just wanted to say Thanks again to Al, Carl and everyone on the Hall of Fame list for the constant updating to this method, to the dashboard indi., answering questions, time & effort.....I can go on and on.
Also to all that ask some great questions and are involved on a daily basis. I do read every post even though I don't post alot.
Happy Easter to all that celebrate it.
Update on my success with this system:
26 trades since Feb 21. the day AL started this thread over 8300 posts ago!!!
+ 486 pips, a 43.8% gain in my LIVE account, not one losing...
congratulations, this is a great result!
Did you trade H1 due to your low number of trades?
Hi Bary,
congratulations, this is a great result!
Did you trade H1 due to your low number of trades?
Barry
