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Attachments: 1minute 1 trade
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1minute 1 trade

  • #581
  • Jun 18, 2012 10:44am Jun 18, 2012 10:44am
Quoting johNal
.I have 2 losses and 1 winner but my acc is 4.3% up.

Thanks Paulus
Hi

thats good ,more than you make in a year with interest at the bank !

Just follow the rules...Today has been a good start its Monday and we have a win and the followers of the thread has increased

It human nature but if this was the 4th losing day we wouldn't have 1/10th of the followers

If I can just reinforce the facts here ..you will get losers most probably 4 to 5 in a row but by risking 1% to 5% of your account with a risk reward of 1:3 you should win overall.

This is a simple system and requires no trade maintenance one your in .. dont dabble .. dont move your stops ..this is 1min dont forget the time frame with most noise you need the breathing space

You have a hectic minute when the trade sets up then just shut down and do some else you can influence the market no more it goes where it wants

P
  • #582
  • Jun 18, 2012 10:46am Jun 18, 2012 10:46am
Quoting spyderman
Hey quick question.

Tough to watch screen every minute even for short time...nature calls, wife needs you, etc.

If any of you miss the first tradeable entry are you just shutting down for the day or do you take the next entry that you see. Either way would be a mechanical system. Just interested to hear how you all think.

Thanks,
As long as the TP or SL hasnt been hit thats fine .. I would put a limit order in for the actual signal entry that you missed at lest it gives you a chance of re entry.

P
  • #583
  • Jun 18, 2012 10:50am Jun 18, 2012 10:50am
Mon
Account £16,830 x 5% = £841
Result - Win £2,524

Account £19,354

The chart shows SL and TP ..
Attached Image (click to enlarge)
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  • #584
  • Jun 18, 2012 11:28am Jun 18, 2012 11:28am
Quoting Paulus
Mon
Account £16,830 x 5% = £841
Result - Win £2,524

Account £19,354

The chart shows SL and TP ..

hi Paulus, could you connect your acount to myfxbook?
  • #585
  • Jun 18, 2012 11:45am Jun 18, 2012 11:45am
How to put the risk of 5% in five points? This is the most difficult question - psychological moment. It will be taken, as a rule, but you need a few victories. We put a stop order on the local riding (bottom), which will fall in the histogram MACD? Is that right? And if the stop order will be determined by a small 3-5 points, it is going to take trades it is from such stop order? And put the profit in three times larger. Question, I'm doing right when I accept trades from such stop order?
  • #586
  • Jun 18, 2012 12:18pm Jun 18, 2012 12:18pm
Hi Spiderman:

I am in North America like you, I work very early morning up at 5AM rushing to work, Basically, I can not play both London time and NY time market at all.

I am low end laborer and I am very new practicing demo near 10 weeks, Sometime, I ask this question, Why this System work in London time? Why this system doesn't work other time?

Tested it with old EA " Sauron 1.4/1.3" and it indicated that During London time, market price is more " Trend" predictable, and also best stop-loss is between 14-17 pip, while profit is 35 to 45 pips.

I might be wrong, I guess that when German market open which is one hour ahead, first few min to 30 min are impulse buyer/daytrader, Then market price back to what is suppose to be "Either" Up and Down trend" base on support and resist level.

When London market open, Those impulse buyer/daytrader look at German market 1 hour price response then impulse buy/sell/trend for awhile, After 30 min, market price will be back to what is suppose to be " Trend" mode base on support and resist level

3 and 4 hours after london market open, Some daytrader profit taking, London banker want to go for dinner/after dinner, Earlybird US buyer, those force come it and Market's price might start to change for different direction. ( not is trend mode).

During NY time, Because both Europe buyer and US buyer, Both forces fight, market price is very un-preditable ( trend) and very volatile, If you are skillfull, you can take that big money.

My point is that, Paulus system might not work that well for other market open.

I saw that someone submit this system to coder "Funyoo", If we are lucky, we might be able to see An " EA" basic on this system, " Funyoo" codes normally has so many option, EX, Trailing profit, breakeven" Etc, lots of things to play with.
  • #587
  • Jun 18, 2012 1:40pm Jun 18, 2012 1:40pm
Quoting TimeLineX
hi Paulus, could you connect your acount to myfxbook?

not sure what that is ..I trade with an sb company not MT4

P
  • #588
  • Jun 18, 2012 2:35pm Jun 18, 2012 2:35pm
You stated that you started with £2.000, after 25 days you have £9.000 and now, two months later you end up with roughly £19.000. This system sure has some stunning results. You'll be a millionaire in no time if all keeps going well. I hope you manage to do so!
  • #589
  • Jun 18, 2012 2:39pm Jun 18, 2012 2:39pm
This is my chart today. I think it was a loss, no?
Attached Image (click to enlarge)
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  • #590
  • Jun 18, 2012 3:09pm Jun 18, 2012 3:09pm
Quoting giraia_br
This is my chart today. I think it was a loss, no?
Hi Giraia

This is exactly the same as Paulus trade shown earlier on post #583. His was a winner so I assume your stop must of got hit on the next spike up whereas Paulus's obviously didn't.

Either stop placement error on your part or the difference between brokers, maybe your spread is bigger than his? Who knows? Either way it was very unlucky on your part, but thats all part of trading I'm afraid.

This is only my opinion as can't see any other reasons why the same entry failed on one but not the other.

Hope that helps.
Feel the Fear and do it anyway!!!
  • #591
  • Jun 18, 2012 3:18pm Jun 18, 2012 3:18pm
the only thing we need to add to this incredibly simple system is more forward testing with real money...........does it perform well over an extended period of time???

when the market goes bonkers/ gets volatile, which it does at times, this system will be cut to pieces with small stops

but yes a 950% increase from £2.000 over a 10 or 12 week period is excellent (my bank offers me 5% p.a.)

...........lets see if it can be sustained over time and under varying market conditions

Quoting ExForX
You stated that you started with £2.000, after 25 days you have £9.000 and now, two months later you end up with roughly £19.000. This system sure has some stunning results. You'll be a millionaire in no time if all keeps going well. I hope you manage to do so!
  • #592
  • Jun 18, 2012 3:59pm Jun 18, 2012 3:59pm
Hi
results are promising.

same question.
has anyone coded this system for BT performance?

walker

Quoting Paulus
Mon
Account £16,830 x 5% = £841
Result - Win £2,524

Account £19,354

The chart shows SL and TP ..
  • #593
  • Jun 18, 2012 4:07pm Jun 18, 2012 4:07pm
Quoting Paulus
Mon
Account £16,830 x 5% = £841
Result - Win £2,524

Account £19,354

The chart shows SL and TP ..
Hi Paulus

Yet another awesome trade today.

However, I hope you don't mind me saying, I couldn't help but notice that after your TP, price carried on down another 50 pips before pulling back and dropping a further 50 pips.

Now I know your method is to TP at 3:1 but it seems a shame to miss out on such a good move like todays. Have you any thoughts on trying different exit strategies to maximise returns when price moves so favourably in your direction?

Maybe something like instead of closing at 3:1 use an expert adviser to trail the price by 10 pips until stopped out? Maybe if you started trailing at 2:1 then it might have 2 advantages

1) To avoid some losses all together, when price whips back on you before reaching 3:1 target, and

2) Increase some of your winners like todays could of gotten you another 30 pips practically doubling your profit to 30%.

I suppose the only way to answer the question is to analyse your past winners and see how many, if any,went on further after your TP.

Have you any thoughts on a particular exit method that might maximise returns from the really strong moving winners?

Thanks again for such a great thread, keep up the good work.
Feel the Fear and do it anyway!!!
  • #594
  • Jun 18, 2012 6:19pm Jun 18, 2012 6:19pm
Quoting clivepackham
Hi Giraia

This is exactly the same as Paulus trade shown earlier on post #583. His was a winner so I assume your stop must of got hit on the next spike up whereas Paulus's obviously didn't.

Either stop placement error on your part or the difference between brokers, maybe your spread is bigger than his? Who knows? Either way it was very unlucky on your part, but thats all part of trading I'm afraid.

This is only my opinion as can't see any other reasons why the same entry failed on one but not the other.

Hope that helps.
Price went above last top for at least 1 pip. So his stop is 2, 3 pips above last top?
  • #595
  • Jun 18, 2012 6:52pm Jun 18, 2012 6:52pm
Quoting giraia_br
Price went above last top for at least 1 pip. So his stop is 2, 3 pips above last top?
Yep he says on one of his earlier posts on page 2 I believe that his stop is a couple of pips above the last high for shorts and below the last low for longs.

But I would say check your spread at time of trade and allow 2 pips plus your brokers spread so in my case with Vantage that would be 2+1.5 spread=3.5 total above high/below low.

If your brokers spread is much higher than 2 pips I would suggest changing. I use Vantage and have found their spreads to be among the best in market plus they don't have a market maker they just trade straight through.

Hope that helps.
Feel the Fear and do it anyway!!!
  • #596
  • Jun 18, 2012 8:51pm Jun 18, 2012 8:51pm
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  • #597
  • Jun 18, 2012 9:32pm Jun 18, 2012 9:32pm
yes, that's the one

Quoting FranksBiz
Attachment
  • #598
  • Jun 18, 2012 10:19pm Jun 18, 2012 10:19pm
mark,this is very good system
I made a ea for test
but only can test from 4.23-now...
  • #599
  • Jun 18, 2012 11:01pm Jun 18, 2012 11:01pm
In response to the post attached, Jpr directed me to this post

Given for this strategy it is the relationship between SL, entry price and account balance that determines lot size, this is a bit of a hassle to calculate when trading the 1M and “at market” prices.

The tool linked above allows you to position your SL price (which we can anticipate before/as our trade signal develops) and send an “at market” order the moment the system's signal is given.

The tool simultaneously calculates your lot size based on risk selected (5%), your SL price as positioned and your account balance, and then opens your trade position for you.

………pretty handy given time is of the essence once the signal completes.

Quoting PeterE
We need an EA (or is it a script?) that will allow us to key these 3 variables:

Stop price
Risk %
Reward %

These 3 variables are easily keyed before the signal. Once the signal arrives, hit OK. And an at market order is sent.

The EA uses your account balance, opening price, SL and risk/reward % to calculate the appropriate lot size.
  • #600
  • Jun 18, 2012 11:07pm Jun 18, 2012 11:07pm
I will in my spare time try to put some of this to code, MT4, VT Trader. I had a good one for GBP/USD 3 years back 5:00 AM Daily pick based on its 4 hour movement co-insiding with EUR/USD, you go with EUR/USD high or low for the day, close or Limit out before rollover. One guy won king for the month with stategy thru FXCM. Myself I couldn't get up that early.. I used to say) The Brits set themselves up all night to get cashed out by the Americans at 8:30........................If you can delv-in deap enough you will see it too.
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