1minute 1 trade

There are no new rules nothing has been verified and put forward

P

here u go built into mt4

I will be watching the 'golden ratio' very very closely this week

P

http://www.electoo.com/wp-content/up...-AM-1-hour.png

The stop loss is too high!

5%!?

You should use a stop loss of just 1% of the balance, per trade!

short entry triggered around 1.2780 ?

No, that's too risky at the moment, leave it open.

the rules say that is a setup!!

and we have a loss if your stop is at the top of that swing, end and out for today

cheers

btw, forex is risky

short 1.2778 @ 745GMT
SL 1.2795 (-5%)
TP 1.2727 (+15%)
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im with u peterE- perfect setup

stopped out

I am newbie with 7 week of trading with poor English and I am hoping to find a good Forex MT4 simulator, I tried Forex tester but it is not 100% MT4 comptiable, It means that I can not use those really good MT4 indicators.

I tried many free EA, 90+% of them are suicide blow your account EA, most of them worked well at once time but Since market was change, they are out, However, I managed to find one dead free EA after I backtest in visual mode to see those fail trades, I modify it and I use it as Semi-EA, it make so much money in demo account for just 1 week, however, It will not work that's well in live account due to broker server " Requotes" problem, MT4 is a very poor platform for EA, so limited in power almost impossible to put AI power in it. ( Well In Forex, Somebody have to be loser).

I don't do well in manual demo trading during USA session because too many big boy with those choppy price movement and I end up as a loser but I do well in London session however, I work daytime and I can not stay up that late, I live in Canada.

For Paulas System, I like it simple, in theory, Since Dairy range of EURUSA is about 100 pips, Basically, you can put either/or both buy or sell (or limit) order with profit of less than 50 pips, it has 50% or more chance to Win. by using MCAD to detect the short term price movement, It should have even more than 50% chance to win plus tight stoploss to limit your lose for blow up your account, it is quite safe.

I might be wrong, Since this system, It supposes to detect price trend movement till USA session ( 5 Hours time), Beside using 1 min MCAD chart, I agree with other user that checking OB/OS 0.0003 value( sorry I am not good in MCAD but good for Stochastic), Also I will check for 15/30 min chart to double confirm OB/OS state, Since it is more accuracy in that longer length of time, If they don't agree, it will be higher change that market don't go longer trend and it will go sideway and It will trigger stoploss and end up losing money.

Thanks, I will look into it.
Just test it, good stuff, I like it.

This is not stuff from the precise rule book of Paulus "1M 1T". This comes from my personal research and observation and is My Opinion Only;

- In tracking price history on a few pairs (EU, EurGbp & AudUsd)

• Losses are counterbalanced significantly when the stop loss is moved to BE once price has achieved 50% of target less the spread. In other words; If your spread is 2 pips, and your stop is 10, then once price has moved 15 pips from your entry, stop is moved to BE. In my limited testing, this has impacted losses more than wins by a large factor.

• Targets set at 2.5 times risk, have a greater likelihood of being realized.

i.e. In tests I've been conducting on the AudUsd during the Asian Session, the results for 18 trades using 3X's or bust would have been 6W's & 12L's which equates to +180 and -120. Doing this ratio day in and day out is not bad at all, in fact better than at least 80-90% of all other traders, if you believe the figures on percentages we are told.

So, for the very same AudUsd A/S trades;
• 3:1 Totals ..........180 to 120
• 2.5:1 Totals .......... 250 to 70*
..* AudUsd A/S rule I used for SL is Most Recent Swing Point +or - 5 pips. In other words; if my entry is short @50, and the swing is 53, then my stop would be 58 (3+5). That would put my BE point at 1/2 of 20 (2.5X's 8) which would be when bid price reached 40. Even though my profit target would need to reach 28 for this trade to be a winner if my spread =2.

I have seen similar results on EU & EurGbp.

### Of course these results are limited sample sizes and By NO Means something that should just be followed Blindly. As with any method thorough observation and back and forward testing should be used.

++++++++++++++++++++++++++++++++

Some one is going to the bank today.

We all place our SL differently I like to place it in a technically good position normally above last swing hi low

es

I did have a win today but must confess placed the SL 1 pip above the hi of the EU session this was only 2 pips higher than my normal swing hi stop position

Mt entry may be a bit diff to you guys as I use a spread betting company to place the actual trades and they differ slightly
n

I was filled at 1.2775 with my SB
MY stop loss was set at 1.2790

Therefore my TP was 790-775 = 15 x 3 = 45 pips

Or 1.2730



Equity- £8,069
Stake - £403
Win - £1,210

Equity £9,279

P

+15% TP reached (running total +46.5% @ 11 sessions)

nice SL placement wink!!

for me, the profitability of the original strategy hinges upon a tweak of the SL.......ie., bigger!
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