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1minute 1 trade

  • #1,481
  • Jul 30, 2012 8:37am Jul 30, 2012 8:37am
Quoting Honest Bill
I'm in
1.2242
SL1.2249

Vertical line is covering the MACD which was >50 at entry
Attachment
I know Paulus likes to leave it on win or lose, but I moved SL to break even just before Wall Street opened as I never keep a small TF trade open around then. Out for 0%.
Honest Bill
  • #1,482
  • Jul 30, 2012 8:53am Jul 30, 2012 8:53am
Quoting sepramfx
Can anyone please show me how to lock in half of the profit target on MT4 platform?
Hi sepramfx,

I only the figured out how to do this the other day (after 12 months of trading with MT4)!
I used to place multiple orders for the one entry so I could scale out more easily - this is much less painful to manage.

So here is what you do:

 

  1. Right click on the order you wish to close part of (in the 'Trade' tab in your terminal)
  2. Select close order (just like you would if you want to close out the entire position).
  3. Adjust the value in the "Volume" drop down box to represent how much you which so close out (e.g. if you've sold 2 contract and what to close have set the volume to 1).
  4. With the volume set, you'll notice the yellow "close" button will have changed something like "Close #1234576892 sell 2.0 EURUSD by Market" to "Close #1234576892 sell 1.0 EURUSD by Market".
  5. Now simply press the button close button and you've close out part of you position!


Naturally it will say "sell" if you've gone long and "buy" if you are short. Also you will notice if you set the volume to more than the size of you position it will disable the yellow button and only allow you to buy or sell at market.

To the best of my limited MT4 knowledge this doesn't allow the trader to set pending orders to close part of a position.

Hope that helps!

Regards,

ninety47.

  • #1,483
  • Jul 30, 2012 9:35am Jul 30, 2012 9:35am
are you placing more entries than one per day, Bill?
JacekPreserve Precious Capital
  • #1,484
  • Jul 30, 2012 10:01am Jul 30, 2012 10:01am
Quoting Fame of me
wow wow wow, guys come on.
this thread is not a newbi thread to lern one by one of forex.
this is a system thread, we can talk over the system and not how i change any indicator or how to set.

sorry, this thread go in a mess and i dont like this.

let us talk about how we can tune a little bit this system with one or 2 indicator more, but i think this is enough
I agree with you Fame of Me. Most successful trading systems on FF never remain exactly as they started. Along the way a few changes/ additions are made. They give birth to new ones when traders realise there are ways they can improve on the orignal ones to suit them better ( already we have "2 minutes 2 trades").

I have strong faith in Paulus' system and if time allows, I want to make it my main trading system. If there are ways we can improve on the strike rate as Fame of Me said, then we would have the next thing to the holly grail. Imagine a system where you would bounce from a 10 or 15 losing streak with less than half the number of winners.
  • #1,485
  • Jul 30, 2012 11:19am Jul 30, 2012 11:19am
Quoting Jackub
are you placing more entries than one per day, Bill?
Jackub,
Yes, I'm trialling the strategy for both London and NY open. But, I won't hold through Wall Street open (9:30am NY time). Today is a good example. I would have lost had I not moved to break even. Same for major news.

I'll pop in tomorrow if I have any trades.
Honest Bill
  • #1,486
  • Jul 30, 2012 9:15pm Jul 30, 2012 9:15pm
Hello and thanks for the thread, I am junior member here,
I have been trading FOREX unsuccessfully for about 3 years,
I was wondering what charting system is available to allow the customizing of the MACD into 4 colors.ie what charting package is Paulus usuing?
I am using think or swim and not able to do it there.
I downloaded MetaTrader 5 but also seems to have bugs and am unable to customize the MACD to reflect Paulus original template
Regards
Anthm
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #1,487
  • Jul 31, 2012 2:45am Jul 31, 2012 2:45am
Hi,
Is it a proper entry for today?
E/U, 1.22694, SL 1.22754, TP 1.22510 consultation needed....
JacekPreserve Precious Capital
  • #1,488
  • Jul 31, 2012 2:48am Jul 31, 2012 2:48am
morning alltogether..

short 1.2278, SL 1.2283, TP 1.2263
I never lose - either I win or I learn...
  • #1,489
  • Jul 31, 2012 2:54am Jul 31, 2012 2:54am
Quoting jdva
morning alltogether..

short 1.2278, SL 1.2283, TP 1.2263

same short here....
  • #1,490
  • Jul 31, 2012 2:55am Jul 31, 2012 2:55am
Quoting jdva
morning alltogether..

short 1.2278, SL 1.2283, TP 1.2263
EU has to go down to the daily pivot for TP...w'll see....
I never lose - either I win or I learn...
  • #1,491
  • Jul 31, 2012 3:01am Jul 31, 2012 3:01am
Quoting jdva
EU has to go down to the daily pivot for TP...w'll see....
took profit....
I never lose - either I win or I learn...
  • #1,492
  • Jul 31, 2012 3:09am Jul 31, 2012 3:09am
Quoting jdva
took profit....
me too... thanks Paulus.
  • #1,493
  • Jul 31, 2012 3:22am Jul 31, 2012 3:22am
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-07-31_0919_PS.png Size: 45 KB
Honest Bill
  • #1,494
  • Jul 31, 2012 3:23am Jul 31, 2012 3:23am
Quoting Jackub
Hi,
Is it a proper entry for today?
E/U, 1.22694, SL 1.22754, TP 1.22510 consultation needed....
I'm using 8-3-3 Stoch settings, thus Stoch wasnt above 80 at 8:06h signal..
I never lose - either I win or I learn...
  • #1,495
  • Jul 31, 2012 3:30am Jul 31, 2012 3:30am
I found out what was wrong with my entry, Stoch wasnt above 80 before I took my trade, so entry was not valid.
It was my first approach to the system
:-(
JacekPreserve Precious Capital
  • #1,496
  • Jul 31, 2012 3:32am Jul 31, 2012 3:32am
Attached Image (click to enlarge)
Click to Enlarge Name: EU M1.png Size: 36 KB
Quoting jdva
I'm using 8-3-3 Stoch settings, thus Stoch wasnt above 80 at 8:06h signal..
I never lose - either I win or I learn...
  • #1,497
  • Jul 31, 2012 3:45am Jul 31, 2012 3:45am
I never use a SL lower than 5 pips, thus had some luck today...
I never lose - either I win or I learn...
  • #1,498
  • Jul 31, 2012 4:03am Jul 31, 2012 4:03am
there was a second long (after broken FR/LO low) trade profitable today at 1.2255 possible (bouncing from RN 1.2250)....but just watching second trades..
I never lose - either I win or I learn...
  • #1,499
  • Jul 31, 2012 5:42am Jul 31, 2012 5:42am
Quoting anthm
what charting package is Paulus usuing?
Download MetaTrader 4

Arctic4x
  • #1,500
  • Jul 31, 2012 5:53am Jul 31, 2012 5:53am
anyone want to create an EA for this, since it is mechanical?
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