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1minute 1 trade

  • #481
  • Jun 13, 2012 2:12am Jun 13, 2012 2:12am
buy 1.2504 @ 704GMT SL 1.2484 (-5%) TP 1.2560 (+14%)
.
  • #482
  • Jun 13, 2012 3:10am Jun 13, 2012 3:10am
I suggest people to trade only when the trend is clearly visible (trought this strategy trend identification method), and when are no doubts about the stochastic 50 level pass, and a clearly big MACD body.

Don't throw yourself into all of trades only because the signal has appeared. Use your brain, and trade the signal only when you're sure that its a good signal.

I saw a lot of false signal due to the tiny MACD body. Be patient and this will work.
  • #483
  • Jun 13, 2012 4:10am Jun 13, 2012 4:10am
just follow the rules, dont over think it,

if you have to apply discrimination here-there-and-every-where, it's defeating the modus operandi of this largely mechanical method

Quoting jonander50
I suggest people to trade only when .........
  • #484
  • Jun 13, 2012 4:15am Jun 13, 2012 4:15am
Each to their own and no offence jonander50, but I agree with PeterE in this situation. At this stage without any solid evidence, I would say you run just as big a risk of missing the winners if you try to pick and choose.

JT
"Even if you fall down face first, you still went forward."
  • #485
  • Jun 13, 2012 4:55am Jun 13, 2012 4:55am
+15% today
  • #486
  • Jun 13, 2012 4:57am Jun 13, 2012 4:57am
Quoting PeterE
just follow the rules, dont over think it,

if you have to apply discrimination here-there-and-every-where, it's defeating the modus operandi of this largely mechanical method

I agree 100%
  • #487
  • Jun 13, 2012 8:01am Jun 13, 2012 8:01am
Quoting Rahimseven
+15% today
Would you mind posting your chart for this win today?...
  • #488
  • Jun 13, 2012 9:03am Jun 13, 2012 9:03am
Mon
Account £12,262 x 5% = £613
Win £1,839

Tue
Account £14,101 x 5% = £705
Loss £705

Wed
Account £13,395 x 5% = £669
Win £2,009

Account £15,404
Attached Image (click to enlarge)
Click to Enlarge Name: w.gif Size: 29 KB
  • #489
  • Jun 13, 2012 9:10am Jun 13, 2012 9:10am
Thanks Paulus and long may it continue!
  • #490
  • Jun 13, 2012 9:17am Jun 13, 2012 9:17am
Quoting juicyt
Each to their own and no offence jonander50, but I agree with PeterE in this situation. At this stage without any solid evidence, I would say you run just as big a risk of missing the winners if you try to pick and choose.

JT

With any mechanical system you are trying to do the following

Eradicate emotional involvement with the trade
The emotional involvement is the biggest cause of a trader losing

With a mechanical system we have 2 choices we trade we dont trade ..

The lights are green the lights are red

Every signal has to be taken every day esp with a risk reward of 3;1

If you miss a trade and that trade hits it 15% TP and the next trader doesnt one account will be wining the other losing

Rule 1 should really of been Dont carry out any Analysis on the signal...if it qualifies then trade it if it doesn't then dont

P
  • #491
  • Jun 13, 2012 12:55pm Jun 13, 2012 12:55pm
HI Paulus,

Is it possible to make a PDF FILE with the rules and indicators together with a few samples?
I think many traders appricated this.
and makes the rules and system clear.

dutchsignals
  • #492
  • Jun 13, 2012 1:01pm Jun 13, 2012 1:01pm
Quoting dutchsignals
HI Paulus,

Is it possible to make a PDF FILE with the rules and indicators together with a few samples?
I think many traders appricated this.
and makes the rules and system clear.

dutchsignals
I'd say post#1 & 6 can't be much clearer, can they?
  • #493
  • Jun 13, 2012 2:43pm Jun 13, 2012 2:43pm
Side FX,

I agree with you , but still a lot of traders do not understand the tradingskills and people are afraid to put 5% risk in it.
easy solution,: trade with less risk ...

dutch
  • #494
  • Jun 13, 2012 3:13pm Jun 13, 2012 3:13pm
Paulus,

Do you use ema's in your chart for the trend?
Is it an ema 200 and 288?

regards
Dutchsignals
  • #495
  • Jun 13, 2012 3:35pm Jun 13, 2012 3:35pm
Wednesday's trade


+15% TP reached (running total +48% @ 19 sessions)

Quoting PeterE
buy 1.2504 @ 704GMT SL 1.2484 (-5%) TP 1.2560 (+14%)

Tuesday's trade

-5% SL reached (running total +34% @ 18 sessions)

Quoting PeterE
buy 1.2492 @ 755GMT SL 1.2474 (-5%) TP 1.2546 (+15%)
  • #496
  • Jun 13, 2012 4:19pm Jun 13, 2012 4:19pm
Quoting dutchsignals
Paulus,

Do you use ema's in your chart for the trend?
Is it an ema 200 and 288?

regards
Dutchsignals

Hi ignore the 2 lines Im just experimenting with things but for your curiosity its

a 200 linear weighted ma hi and lo
  • #497
  • Jun 14, 2012 2:20am Jun 14, 2012 2:20am
short 1.2571 @ 707GMT SL 1.2591 (-5%) TP 1.2511 (+15%)
.
  • #498
  • Jun 14, 2012 2:41am Jun 14, 2012 2:41am
-5% loss
  • #499
  • Jun 14, 2012 3:13am Jun 14, 2012 3:13am
I think this script would be useful
It opens a position with desired risk and SL/TP ratio.
Attached File(s)
File Type: mq4 Order_MM_DragDrop.mq4   2 KB | 526 downloads
  • #500
  • Jun 14, 2012 4:09am Jun 14, 2012 4:09am
survived (so far!), stop missed by 1/2 a pip

.......wont count my chickens though, still open

Quoting PeterE
short 1.2571 @ 707GMT SL 1.2591 (-5%) TP 1.2511 (+15%)
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