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1minute 1 trade

  • #1,701
  • Edited 4:45am Sep 13, 2012 4:35am | Edited 4:45am
Quoting strada
Hi Umpats, yes and no.
If we're talking about the 8.27am signal, the TP was 6, it reached +5.2 (on the SNB news) then reversed so exit at BE.
I didn't do this one today as I'd already done my two trades for the day earlier, 1 @ +15%, 1 @ BE (similar situation to above)
regards, strada.
Hi Strada,

Thanks first but for 8.27 am signal my EP is 1.2916 SL is 1.2920 (+4 pips) so TP is 1.2904 as per attached chart. and it is loss today.
please clarify or you share your chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 1 minute.JPG Size: 179 KB
  • #1,702
  • Sep 13, 2012 4:57am Sep 13, 2012 4:57am
Strada, good morning

You seem to have successfuly settled into this system?
Which types of trades are you using: 7am/8am....bias /no bias and limited to two per day?

Are you still running the spreadsheet please?

Sadly it looks like Jpr has given up completely.

rorieu

Quoting strada
Hi Umpats, yes and no.
If we're talking about the 8.27am signal, the TP was 6, it reached +5.2 (on the SNB news) then reversed so exit at BE.
I didn't do this one today as I'd already done my two trades for the day earlier, 1 @ +15%, 1 @ BE (similar situation to above)
regards, strada.
  • #1,703
  • Sep 13, 2012 4:58am Sep 13, 2012 4:58am
Quoting umpats
Hi Strada,

Thanks first but for 8.27 am signal my EP is 1.2916 SL is 1.2920 (+4 pips) so TP is 1.2904 as per attached chart. and it is loss today.
please clarify or you share your chart.
Hi Umpats, chart below for the 8.27am trade. Main difference is our SL/TP. I use the tightest SL i can get to keep the TP as low as possible. I don't go below 2 but the closer I can get to 2 the better. For me 4 and above I'll probably not take the trade. On a 1min chart for EU looking for a retracement a target of 12 is really a big ask in relation to recent price range.
I've been trading this for several weeks now using this criteria and it's very profitable, and consistent.
strada.
Attached Image (click to enlarge)
Click to Enlarge Name: 2m 2t eu 09-13.gif Size: 48 KB
  • #1,704
  • Sep 13, 2012 5:04am Sep 13, 2012 5:04am
Quoting strada
Hi Umpats, chart below for the 8.27am trade. Main difference is our SL/TP. I use the tightest SL i can get to keep the TP as low as possible. I don't go below 2 but the closer I can get to 2 the better. For me 4 and above I'll probably not take the trade. On a 1min chart for EU looking for a retracement a target of 12 is really a big ask in relation to recent price range.
I've been trading this for several weeks now using this criteria and it's very profitable, and consistent.
strada.
Thank you strada for discussion and share your exp. got a good MM information.

But from last one month i trade this system and lot of time i achieved TP +12 pips . this is for your information.
  • #1,705
  • Sep 13, 2012 5:10am Sep 13, 2012 5:10am
Quoting rorieu
Strada, good morning

You seem to have successfuly settled into this system?
Which types of trades are you using: 7am/8am....bias /no bias and limited to two per day?

Are you still running the spreadsheet please?

Sadly it looks like Jpr has given up completely.

rorieu
Hi Rorieu, how are you, well I hope?
Yes, it's going really well, I still monitor the 4 trades ie 7am Bias and NO Bias and same for 8am.
I'm actually trading the first 2 of the day after 7am (7am No Bias, 7am Bias etc). last 15 trading days in profit. Now I'm heading for a fall, tomorrow's bound to be a loss!!!

Yes spreadsheet kept up to date but some of it's getting a bit scary now, I've got your emailaddy, I'll beam a copy over to you.

Shame about JPR's thread but he was trying to use the original entry rules which were making too many losses. This will only show profits with tight sl and low realistic tp's. I hope if JPR's around he might take another look at it and see that it can be profitable.

all the best, strada.
  • #1,706
  • Sep 13, 2012 5:41am Sep 13, 2012 5:41am
Hey Strada..

Quote
I'm actually trading the first 2 of the day after 7am (7am No Bias, 7am Bias etc). last 15 trading days in profit.

Quote
This will only show profits with tight sl and low realistic tp's.

It's worth pointing out to look at these 2 points made by Strada as they are both very valid and important as I have noticed this in the short time I have been trading this..
The trades after 7am definitely seem to be the most effective and reliable
also..
I've been getting to just over 1:2 return pretty easily and have realized thanks to Strada it is a big ask to expect a 1:3 return unless you can manage a tight stop which is doable as Strada has proven..

Cheers,
Adrian
  • #1,707
  • Sep 13, 2012 5:45am Sep 13, 2012 5:45am
Hi ya..

Just wondering as I have only focused on the Euro, has anyone focused on any other pair with success??

Thanks in advance..

Cheers,
A
  • #1,708
  • Sep 13, 2012 6:05am Sep 13, 2012 6:05am
Quoting strada
he only specified that stox had to be below 20 whilst MACD was in the dark red zone
I did not know that. I read this on the PDF of Steve EA and was going to ask about it. Thanks for the info Strada.
  • #1,709
  • Sep 13, 2012 8:17am Sep 13, 2012 8:17am
Strada

I was puzzled at the "8:27" trade.
My macd did not change until one bar later (8:28) by which time the Stoch had moved well below 50.

The next available trade for me was at 8:37 and it worked out well - if left to
run, a potential 1:4 win.
I checked another broker, FXPro - the same. You chart with ODL I see.
Surprising the difference!

One final Q, do you stop at two trades max or after a winner or.... what ?

Thanks for the SS.

What about our Andy!!!

r

Quoting strada
Hi Umpats, chart below for the 8.27am trade. Main difference .
strada.
  • #1,710
  • Sep 13, 2012 9:02am Sep 13, 2012 9:02am
Hi Rorieu, the different MT4 feeds do seem to do this, I've just checked one of my other MT4's and it's the same as yours. So as it happens your MT4 had a definite advantage this morning.

I don't normally do "stop at a win" but sometimes it happens by default. I normally do 2 max but sometimes the trades can combine in such a way that only 1 trade is possible or if the first trade is late appearing and runs into the 8am trades again only 1 trade. The beauty of the 2 trades is that you have relatively few losing days compared to doing 1trade, likewise the "stop at Win" trades.
Any queries on the spreadsheet, give me a shout.

Fantastic about Andy, wee eck will want him to be King no doubt!!!

regards, strada.
  • #1,711
  • Sep 14, 2012 2:51am Sep 14, 2012 2:51am
....
Attached Image (click to enlarge)
Click to Enlarge Name: 2m 2t eu 09-14.gif Size: 52 KB
  • #1,712
  • Sep 14, 2012 3:40am Sep 14, 2012 3:40am
Many thanks for continuing to post your trades. It is extremely useful to see the actual entries / indicator settings.

Its such a shame that Paulus seems to have left us as his system has so much in its favour and he put in so much hard work.

Anyway just wanted to say "Thank you Strada for your sticking with it"
  • #1,713
  • Sep 14, 2012 3:49am Sep 14, 2012 3:49am
Hi Strada,

I have been looking at your history in your profile to find your settings or entry requirements, its probably just me but I cant find them, could you point me in the right direction ?

Many thanks for keeping this thread alive nice to see you making some pips good stress free method.

Eltax100
  • #1,714
  • Sep 14, 2012 3:54am Sep 14, 2012 3:54am
Quoting strada
....

Thank you very much strada for sharing your chart with bias and NB.

one small question what is the out come of your bias and NB trade? means how many success ratio with bias and NB?

As with bias today is the buy bias and i enter at 8.13 am but loss....
  • #1,715
  • Sep 14, 2012 4:08am Sep 14, 2012 4:08am
Quoting eltax100
Hi Strada,

I have been looking at your history in your profile to find your settings or entry requirements, its probably just me but I cant find them, could you point me in the right direction ?

Many thanks for keeping this thread alive nice to see you making some pips good stress free method.

Eltax100
Hi ya Eltax100..

Strada is basically using the same settings as in the first post, I've attached the template for you to upload (make sure you change the Euro and London opening times to where you are)..

The extra part of the plan Strada has come up with is that he get's his stop as tight as possible to get the high returns be it at the top/bottom of the signal bar, the bar he is trading or a tight reversal point..

Cheers,
Adrian
Attached File(s)
File Type: tpl 1 to 1.tpl   28 KB | 333 downloads
File Type: mq4 MACD_4CZ.mq4   4 KB | 316 downloads
File Type: ex4 Market_Open_Lines c.ex4   7 KB | 294 downloads
  • #1,716
  • Sep 14, 2012 4:42am Sep 14, 2012 4:42am
Thank you Ramjet

great help
  • #1,717
  • Sep 14, 2012 4:58am Sep 14, 2012 4:58am
Morning Umpats, I have a spreadsheet with all the result for last few months, which will give you all that info. PM your email addy and I'll send it to you.
strada.

Quoting umpats
Thank you very much strada for sharing your chart with bias and NB.

one small question what is the out come of your bias and NB trade? means how many success ratio with bias and NB?

As with bias today is the buy bias and i enter at 8.13 am but loss....
  • #1,718
  • Sep 14, 2012 5:15am Sep 14, 2012 5:15am
Mon
7am Bias W; 7am No Bias W; 8am Bias L; 8am No Bias L. (7am Bias & NO Bias same trade)

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

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

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

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

Underlined trades were my own, I do the first 2 of the day.
strada.
  • #1,719
  • Sep 14, 2012 7:15am Sep 14, 2012 7:15am
Hi strada,

I very much like your take on this thread, can i ask about when you move to BE ?

I am going to test with 2:1 ratio tight stop like you, would you recommend moving the stop to BE when we get to 1:1 ?

any insights would be great

Eltax100
  • #1,720
  • Sep 14, 2012 8:59am Sep 14, 2012 8:59am
Hi Eltax, nothing wrong with trying 1:2 but not sure about going to BE at 1:1, think that would dilute the ratio so much that you'd struggle to get much more than BE most days.
If you look at the results for last week which are fairly typical you'll see that most days on 2m2t you get a loss and a win, similarly on "stop at Win". Based on that your 1:2 and SL to BE at 1:1 might leave you treading water and not going very far.
The results aiming for 1:3 are good, maybe you should try that, if you get to 1:2 and price is sticking a bit or up against any kind of barrier then take the 1:2.
Anyway, whatever you're comfortable with, if you want the stats pm me your email address, the stats will give you a good idea of where the strength and weaknesses are, might help you to work out the best trading plan.
strada.


Quoting eltax100
Hi strada,

I very much like your take on this thread, can i ask about when you move to BE ?

I am going to test with 2:1 ratio tight stop like you, would you recommend moving the stop to BE when we get to 1:1 ?

any insights would be great

Eltax100
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