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1minute 1 trade

  • #521
  • Jun 15, 2012 5:06am Jun 15, 2012 5:06am
Quoting sidefx
What's your % tally for this week, Rahimseven?

15%
  • #522
  • Jun 15, 2012 5:10am Jun 15, 2012 5:10am
Quoting Lauting
I've been following this thread since it first started, so I'm wondering if you don't use MT4 can you setup the graphs up like Paulus mentioned.

Trouble is i'm new to Forex and learning and i'm just using the standard java graphs that ETX Capital provide.

Also thanks to Paulus for sharing this trading system.
I find it only works on MT4. The the MACD indicator does not match on my other charting software's MACD
  • #523
  • Jun 15, 2012 6:49am Jun 15, 2012 6:49am
Hi Everyone

Been following this thread for some time now and it looks like a great system. Great work. I want to start trading this system on Monday but just have a few questions.

1.Peter has post an entry today for sell. some people said theyhad a loss today and i dont understand why because that trade must still be in? please help

2. Calculating sl how far do you go back for calculating it can someone please explain to me a bit better that calculation.

Thanks and keep up the good work
  • #524
  • Jun 15, 2012 6:59am Jun 15, 2012 6:59am
Study over Paulus Post for your answer....
http://www.forexfactory.com/showthre...98#post5641398



Quoting Boertjie
Hi Everyone

Been following this thread for some time now and it looks like a great system. Great work. I want to start trading this system on Monday but just have a few questions.

1.Peter has post an entry today for sell. some people said theyhad a loss today and i dont understand why because that trade must still be in? please help

2. Calculating sl how far do you go back for calculating it can someone please explain to me a bit better that calculation.

Thanks and keep up the good work
  • #525
  • Jun 15, 2012 7:14am Jun 15, 2012 7:14am
Quoting Boertjie
Hi Everyone

Been following this thread for some time now and it looks like a great system. Great work. I want to start trading this system on Monday but just have a few questions.

1.Peter has post an entry today for sell. some people said theyhad a loss today and i dont understand why because that trade must still be in? please help

2. Calculating sl how far do you go back for calculating it can someone please explain to me a bit better that calculation.

Thanks and keep up the good work

Todays SL was hit on the short.

SL is a few pips above/below the swing high/low prior to or at the signal candle
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled2.jpg Size: 198 KB
  • #526
  • Jun 15, 2012 7:40am Jun 15, 2012 7:40am
Boertjie,
Maybe this will help to see it better.
Attached Image
  • #527
  • Jun 15, 2012 10:13am Jun 15, 2012 10:13am
Quoting brucech
Boertjie,
Maybe this will help to see it better.
I always do 3 x Sl to fill + spread

ie

SL to fill price = 12pips = 5%

therefore 15% = 12 x 3 =36 plus 2 pips spread ( your paying 2 pips of spread not 6 )

Not 12 x 3 + 2 spread x 3 = 42

P
  • #528
  • Jun 15, 2012 2:05pm Jun 15, 2012 2:05pm
Quoting brucech
Boertjie,
Maybe this will help to see it better.
So for this you would basically take a 4mini lot position?
  • #529
  • Jun 15, 2012 2:17pm Jun 15, 2012 2:17pm
Quoting Fame of me
I found an entry on m5

it looks also good in higher timeframes.

nice nice
Don't know if that would be a valid entry based on the original rules. Something about if the high or low of the pre london timeframe is broken we look for opposite directional trades. I might be wrong but again we're testing this and if it works otherwise so be it. Anyways good trade and good find.

Thanks
  • #530
  • Jun 15, 2012 6:23pm Jun 15, 2012 6:23pm
Well, This is a simple system, I like simple system, I am no brainier.

For my own opinion, We have difference background, you can use any method that you are good as to test.

I am not using this System because I am on other side of world, I am using semi-EA to assit me.

Hehe, If our Target is winning some extra money, I think that if you are really bad in looking at chart, you can cheat little bit by looking as some good post on EURUSA

I find that in Babypips.com, There are one good guy James78, He posts almost 4 days a week to predict EURUSA just 1-2 hour before London open, his system is very close to Paulus, His post is like this

====================================
Daily Forex Predictions for June 15, 2012
(update: 08.55am GMT+7)

EUR/USD
(last price: 1.2621)
BUY first, entry = 1.2630, SL = 1.2590, TP = 1.2670 ( 40 pips stoploss 40 pips profit)
if wrong, then SELL, entry = 1.2590, SL = 1.2630, TP = 1.2550

===========================================

You can use his predication and use Paulus system

Buy EURUSA 15-17Pips stoploss and 40-45pips profit.

I find that his prediction is about 70%+ accurate which is pretty good and you will make some money.


Quoting mannai70
Don't know if that would be a valid entry based on the original rules. Something about if the high or low of the pre london timeframe is broken we look for opposite directional trades. I might be wrong but again we're testing this and if it works otherwise so be it. Anyways good trade and good find.

Thanks
  • #531
  • Jun 16, 2012 1:06am Jun 16, 2012 1:06am
Quoting mannai70
Don't know if that would be a valid entry based on the original rules. Something about if the high or low of the pre london timeframe is broken we look for opposite directional trades. I might be wrong but again we're testing this and if it works otherwise so be it. Anyways good trade and good find.

Thanks
It was valid, then the high from the londontimefrime was not broken.

I found for me, i will check the actuell trend in m5, so i can filter wrong trades in m1, like yesterday.
  • #532
  • Jun 16, 2012 6:18am Jun 16, 2012 6:18am
Very interesting strategy. I've been looking for a non time consuming short term strategy to complement my position trading. I'll have to give this a try. Being in the US, I'll have to opt for the NY Open though, using the E/U.

I'll also take a look at the Aussie & Tokyo open.

So, Paulus (and others), following the original rules, it sounds like the only discretionary part to this is determining what is or isn't a trend in the time prior to your open. Starting from a completely flat market to the pip. (eg. Euro open to London open) how much of a rise/fall are you using to determine the trend. Is there ever a minimum boundary where you say, "No trend today, I won't take a trade?"

Thanks all.
  • #533
  • Jun 16, 2012 11:41am Jun 16, 2012 11:41am
I did a quick backtest on the E/U using the New York open. Last month trading or 21 trades.

14 losses
7 wins

1,000 account would end with a 1,350 balance.
First 8 trades were losses so had an initial drawdown of 40% to 600.

So a 35% increase in 1 month.
  • #534
  • Jun 16, 2012 11:55am Jun 16, 2012 11:55am
how about GBPUSD ?

P
  • #535
  • Jun 16, 2012 11:58am Jun 16, 2012 11:58am
Just ran that too.

11 wins
10 losses.

2,150 ending balance
  • #536
  • Jun 16, 2012 12:21pm Jun 16, 2012 12:21pm
Ran Aud/Usd at the opening of Singapore (just not enough movement between Aus and Tokyo)..

9 wins
12 losses.

Ending balance of 1,750

Guess its time for some forward testing.
  • #537
  • Jun 16, 2012 12:35pm Jun 16, 2012 12:35pm
Quoting spyderman
Just ran that too.

11 wins
10 losses.

2,150 ending balance
aha, what is you sl?
the last high/low and tp = sl x3 ?
  • #538
  • Jun 16, 2012 12:54pm Jun 16, 2012 12:54pm
Quoting Fame of me
aha, what is you sl?
the last high/low and tp = sl x3 ?
Exactly..plus spread



Just thinking out loud again, as Paulus mentioned, MM is a big key.
If we could let the winners run with a trailer we might get some big returns.

I have a trade management EA I can slap on a pair. Moves s/l to BE + whatever pips you designate whenever you hit a set pip count.

So I was wondering about moving the s/l to say +13 pips when the trade goes 15 pips in your favor (assuming a 5pip original s/l x 3).

Then from that point the EA can trail conventional or you can set a jumping s/l every so many pips.

Just sayin'
  • #539
  • Jun 16, 2012 12:56pm Jun 16, 2012 12:56pm
Quoting spyderman
Exactly..plus spread



Just thinking out loud again, as Paulus mentioned, MM is a big key.
If we could let the winners run with a trailer we might get some big returns.

I have a trade management EA I can slap on a pair. Moves s/l to BE + whatever pips you designate whenever you hit a set pip count.

So I was wondering about moving the s/l to say +13 pips when the trade goes 15 pips in your favor (assuming a 5pip original s/l x 3).

Then from that point the EA can trail conventional or you can set a jumping s/l every so many pips.

Just...
thats a really good point.
you are able to share the EA with us?
  • #540
  • Jun 16, 2012 1:04pm Jun 16, 2012 1:04pm
Quoting Fame of me
thats a really good point.
you are able to share the EA with us?

Absolutely,

Twas written by Steve Hopwood, so all credit goes to him.
I've included the manual as there are numerous settings (most you won't need for this strategy). Make sure you demo it until you're comfortable with the settings.
Attached File(s)
File Type: ex4 Multi Purpose Trade Manager 4.29.ex4   76 KB | 382 downloads
File Type: mq4 Multi Purpose Trade Manager 4.29.mq4   109 KB | 417 downloads
File Type: pdf Multi Purpose Trade Manager Instructions 4.29.pdf   109 KB | 568 downloads
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