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  • #281
  • Aug 9, 2012 9:14pm Aug 9, 2012 9:14pm
Quoting atlante11
thanks again , this is a good idea , perseverance pays!

i still work on the Ratio4 and Ratio2 50% each, for the TP

for all, please make your own stats with your ideas, or at least continue the stats yourself on excel, thats how i do, including all the precise entries prices!

to my view, the good SL is from 5 to 8

ALSO, i can share more with people who can help me to fix an EA with Moving Average, i got a version but seems no trade. a simple way i would like define cross MM with 3 TP levels and go back to BE.

the results should be good...
You may care to read post number one from JPR
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #282
  • Aug 10, 2012 12:55am Aug 10, 2012 12:55am
Quoting atlante11
to my view, the good SL is from 5 to 8
Morning Atlanti,
If you use higher SL's like 8 then your TP will be around 24.
The overnight price range is 25.
Bearing in mind this entire method is about trading retracements that would be asking a lot from a trade to get 24 pips when recent range is only 25.
A trade like this needs a breakout which you may well get but the Paulus method is not set up for breakout trading, there are better ways of trading breakouts.
Be interested to hear your thoughts on this.
strada.
  • #283
  • Aug 10, 2012 2:07am Aug 10, 2012 2:07am
Quoting anthm
You may care to read post number one from JPR
Please take the above advice.

If you want an MA Crossover EA then go get Ronald Rayguns Generic Crossover MA (type that in the search bar) written years back.

Please don't mention any other strategies again as I want to keep this journal clean.

Anyway moving on to this mornings trade - win for me ( in my opinion price was rejected from the highs and therefore I was looking for a short still):

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  • #284
  • Aug 10, 2012 2:17am Aug 10, 2012 2:17am
Morning JPR, I did the same, there had been several rejections of that high and stuck with the original bias. The earlier 7am No Bias was good too.

What are your thoughts on this now after a few weeks of live testing?
strada.
  • #285
  • Aug 10, 2012 2:21am Aug 10, 2012 2:21am
hi jpr,
i got the same entry as well at 2295 ut the last retacement gives stop at 5/6
R2 and R4 just touched
explain me please..
  • #286
  • Aug 10, 2012 3:22am Aug 10, 2012 3:22am
i take R3 with BE to R1.5 and hope go to R4 . correction for the R2 mentioned on my last post

and thx jpr for the file , i will see if it works.

optimisation of the Ratio TP is a great way in trading
  • #287
  • Aug 10, 2012 4:25am Aug 10, 2012 4:25am
Mon
7am Bias L; 7am No Bias W; 8am Bias L; 8am No Bias L. (7am Bias & 8AM Bias same trade)

Tue
7am Bias L; 7am No Bias W; 8am Bias L; 8am No Bias L. (8AM Bias & 8am No Bias both same trade)

Wed
7am Bias L; 7am No Bias L; 8am Bias W; 8am No Bias L. (7am Bias & 7am No Bias both the same trade).

Thu
7am Bias L; 7am No Bias W; 8am Bias W; 8am No Bias L.

Fri
7am Bias W; 7am No Bias W; 8am Bias L; 8am No Bias W.

Fri. Signal times 7am Bias ~ 7.25am; 7am No Bias ~ 7.01am; 8am Bias ~ 9.19am; 8am No Bias ~ 8.33am.

As usual, spreadsheet updated, let me know if you want it.
strada.
  • #288
  • Aug 10, 2012 4:58am Aug 10, 2012 4:58am
hey guys,

considering the open of frankfurt,

do you have an idea about the volume generated by the banks investissement from 6 am, from europe ? and probably at the begining of the 6 am session

i guess they put and received many orders before the london open at 8 am ...

it can explain many things in the stats from strada

Atlante light since Edinsson give us the concrete light to generate our computers, even if many chances that micropressor invention donce come from a human invention
  • #289
  • Aug 10, 2012 4:31pm Aug 10, 2012 4:31pm
Quoting strada
Morning JPR, I did the same, there had been several rejections of that high and stuck with the original bias. The earlier 7am No Bias was good too.

What are your thoughts on this now after a few weeks of live testing?
strada.
Hi mate,

It's going ok, no major disasters but nothing to set the world alight either. I'm going to test for 3 months in total then i'll see whether I want to incorporate it into my trading. How you finding it?
  • #290
  • Aug 11, 2012 7:22am Aug 11, 2012 7:22am
Quoting Jpr
Hi mate,

It's going ok, no major disasters but nothing to set the world alight either. I'm going to test for 3 months in total then i'll see whether I want to incorporate it into my trading. How you finding it?
Hi JPR, Overall I'm pleased with my results. Last 2 weeks I decided to just trade 2m2t so I'd have time for the Olympics and the end result is quite impressive.
Next week I will be getting back to normal and I don't think I can trade 2m2t alongside my normal method, too many conflicting trades and I've spent many years getting stress levels down as close to zero as possible.
So it's a bit of a quandary, I've been trading the same method for many years and very comfortable with it, so having some difficulty with the thought of considering abandoning it for something else.
Quite a nice problem to have I suppose but not an easy one, will let you know.
Big thanks to you for your thread JPR, it's been a big help and I think a lot of people have benefited from it.
All the best, strada.
  • #291
  • Aug 12, 2012 3:38pm Aug 12, 2012 3:38pm
Quoting strada
Hi JPR, Overall I'm pleased with my results. Last 2 weeks I decided to just trade 2m2t so I'd have time for the Olympics and the end result is quite impressive.
Next week I will be getting back to normal and I don't think I can trade 2m2t alongside my normal method, too many conflicting trades and I've spent many years getting stress levels down as close to zero as possible.
So it's a bit of a quandary, I've been trading the same method for many years and very comfortable with it, so having some difficulty with the thought of considering abandoning...
No problem, thanks for all your input too.
  • #292
  • Aug 12, 2012 7:00pm Aug 12, 2012 7:00pm
yes thanks to both of you JPR and Strada, well done.
I will trade this method for a while hopefully the ods will be in my favour
cheers ant
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #293
  • Aug 13, 2012 2:05am Aug 13, 2012 2:05am
Loss this morning.

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  • #294
  • Aug 13, 2012 2:19am Aug 13, 2012 2:19am
Likewise I had same trade loss
also i took non bias trade after 8 which happened to be short also loss
cheers
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #295
  • Aug 14, 2012 2:25am Aug 14, 2012 2:25am
7 to 8 Bias trade no set up today, 8 am no bias, win, entry at 8.10 it just happened to be long inline with the bias.
JPR?? Strada??
anth
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #296
  • Aug 14, 2012 2:30am Aug 14, 2012 2:30am
This was my trade for this morning - winner.

Attached Image (click to enlarge)
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  • #297
  • Aug 14, 2012 2:52am Aug 14, 2012 2:52am
If you dont mind me asking out of interest JPR, exactly what time did you enter and what was your entry price TP and stop?

mine

Entry 8.10 and 24 secs 1.23567

Stop 1.2353

TP Filled at 1.23676
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #298
  • Aug 14, 2012 3:25am Aug 14, 2012 3:25am
Quoting anthm
If you dont mind me asking out of interest JPR, exactly what time did you enter and what was your entry price TP and stop?

mine

Entry 8.10 and 24 secs 1.23567

Stop 1.2353

TP Filled at 1.23676
Entry at 08:07 - 1.23597
SL - 1.23530
TP - 1.23798
  • #299
  • Aug 14, 2012 3:38am Aug 14, 2012 3:38am
Quoting Jpr
Entry at 08:07 - 1.23597
SL - 1.23530
TP - 1.23798
Jpr sorry to bother you but i was wondering if you could offer some help,

Do you set stop first then after your entry work out how many pips between stop and entry then times by 3 for take profit?

I having trouble with this as I am setting stop and working out a kind of maximum entry figure but with my procedure its quite easy to miss out on trade alltogether?

I guess what i am asking is once you have your signal in place what exactly do you do between signal time and the time you actually enter?

This is what i need help with, appreciate your time
anth
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #300
  • Aug 14, 2012 4:51am Aug 14, 2012 4:51am
Quoting anthm
Jpr sorry to bother you but i was wondering if you could offer some help,

Do you set stop first then after your entry work out how many pips between stop and entry then times by 3 for take profit?

I having trouble with this as I am setting stop and working out a kind of maximum entry figure but with my procedure its quite easy to miss out on trade alltogether?

I guess what i am asking is once you have your signal in place what exactly do you do between signal time and the time you actually enter?

This is what i need help with, appreciate...
I use a script called EASY ORDER (search for it it's easy to find). This allows you to move a line to where you want your SL and TP and then enter the risk you want (I use 2%). There is then a button on the script called submit. I click this and it automatically calculates the lot size according to my account balance. Here is the procedure I follow:

1) I see a potential signal setting up (in this case a long signal). I drag the easy order script onto my chart and set it as a 'buy' and 2% risk. I then move the red line to where I want my stop loss. I'm not too worried about my TP at the moment. Now everything is ready.
2) I wait until a valid signal bar is nearing its closure. As soon as it closes I click the 'submit' button on easy order. This then automatically calculates my lot size and sets the SL.
3) Now I am in the trade and my SL is set I look at my entry price and SL and then times the difference of this by 3 to get my target. I then set my target.

I hope this helps - it wiull be a lot clearer if you actually set up the easy order script on your MT4 platform.

JPR
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