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  • #6,761
  • Sep 14, 2012 6:30am Sep 14, 2012 6:30am
Quoting tnavi
the question is.....where is tony now??

xDD
Drunk from the vodkas and martinis he down!
Whether you can or you can't, you are both right.
  • #6,762
  • Sep 14, 2012 6:52am Sep 14, 2012 6:52am
Congratulations and much respect to those who held tight. We have arrived. We now reached a whole new galaxy with this 400 pip profit. I just simply have no words for this. I just don't know what to write now.
Invest in alarm clocks
  • #6,763
  • Sep 14, 2012 6:55am Sep 14, 2012 6:55am
Quoting Tony112
Congratulations and much respect to those who held tight. We have arrived. We now reached a whole new galaxy with this 400 pip profit. I just simply have no words for this. I just don't know what to write now.

So Tony,

I asked earlier but the question got missed. Why 400 pips. Is there a particular reasoning behind that?
  • #6,764
  • Sep 14, 2012 8:16am Sep 14, 2012 8:16am
Quoting spyderman
So Tony,

I asked earlier but the question got missed. Why 400 pips. Is there a particular reasoning behind that?
it was 100, then 120, then 400, its really because of the leverage I use now, it doubles my account when I win... 400 pips double my account
Invest in alarm clocks
  • #6,765
  • Sep 14, 2012 9:37am Sep 14, 2012 9:37am
Quoting baccarat
Hello thread, hey tony, thanks for this stuff.

By looking at the introductions i dont really get how to manage the exits? And also, is there any chance to get 5sec charts on another broker than oanda in MT4?

Thanks!
Has yes baccarat. I'm using it and thought it was good.

It has here: http://www.mt4i.com/appstore/app.asp...ort=popularity

Even more!
Invest in creating their EAs, because one day you need one!
  • #6,766
  • Sep 14, 2012 10:23am Sep 14, 2012 10:23am
Quoting Tony112
it was 100, then 120, then 400, its really because of the leverage I use now, it doubles my account when I win... 400 pips double my account
sweeeeeeet.
Whether you can or you can't, you are both right.
  • #6,767
  • Sep 14, 2012 1:14pm Sep 14, 2012 1:14pm
Quoting geomink
what if anyone - just like me - missed it on last friday, cause of busy at work.

no words enough..............

:-(
Don't give up
  • #6,768
  • Sep 14, 2012 1:21pm Sep 14, 2012 1:21pm
Quoting geomink
:-(
I know how it feels man, but nothing to do, there will be other times
  • #6,769
  • Sep 14, 2012 2:21pm Sep 14, 2012 2:21pm
I hear ya. I got in late, then stopped out early cuz I moved my stop up.


Live and learn I guess
  • #6,770
  • Sep 14, 2012 2:28pm Sep 14, 2012 2:28pm
Quoting Saintsurfer
I know how it feels man, but nothing to do, there will be other times
actualy I am almost happy now I missed as I come up with a new posible way to trade such moves, nothing special just kind os position trading , if the opens are without a wick...
  • #6,771
  • Sep 14, 2012 3:13pm Sep 14, 2012 3:13pm
Quoting geomink
:-(

Put a band-aid and get up man. We're still alive
Invest in alarm clocks
  • #6,772
  • Sep 14, 2012 3:14pm Sep 14, 2012 3:14pm
Quoting spyderman
I hear ya. I got in late, then stopped out early cuz I moved my stop up.


Live and learn I guess

There's going to be many other occasions in your life time... better believe that.
I'm trading like clock work. Monday 3AM I'm putting my trade again, the elevator might have to go down to the main floor
Invest in alarm clocks
  • #6,773
  • Sep 16, 2012 2:42pm Sep 16, 2012 2:42pm
Quoting Tony112
I suggest an entry on the first 5pip/5sec candle during the beginning of the opens only. No 2nd attempts.
Could you clarify a bit, at my understanding you enter after the first 5 sec bar (at the market opening) at the direction of the bar. What is 5 pip then in the "5pip/5sec"? The bar has to be at least 5 pips between Open and Close, or 5 pips between High and Low, or something else? -- thanks.
  • #6,774
  • Sep 16, 2012 7:35pm Sep 16, 2012 7:35pm
Quoting vincegata
Could you clarify a bit, at my understanding you enter after the first 5 sec bar (at the market opening) at the direction of the bar. What is 5 pip then in the "5pip/5sec"? The bar has to be at least 5 pips between Open and Close, or 5 pips between High and Low, or something else? -- thanks.
there's 2 ways I trade... one simply follows the NY or LO open... the second simply seeks for a switch of volatility represented by a huge 5+ pip candle on the 5 second chart... this one is tricky cause on friday we were bombarded with those and they were so insignificant.... they kept on extinguishing

stick with the opens and refunding
Invest in alarm clocks
  • #6,775
  • Sep 17, 2012 1:48am Sep 17, 2012 1:48am
Quoting TheMaxx
Slippage is a big factor for me (Pepperstone) that seems to make this strategy less profitable than it's potential. Other than that the EA trades flawlessly - I trade live the London and New York open only.

I would suggested demoing your current opens/closes for a couple of months then making a decision based on that. (Although you probably need 6-12 months of demo to make a proper decision)
Hi, again....
just discovered the ea by Charvo on p200 of the thread...
is that what you are using?
I have been using the one by Zen Leow, CBBP_EA v3.0...
  • #6,776
  • Sep 17, 2012 2:18am Sep 17, 2012 2:18am
-2, buy...
-1, sell
  • #6,777
  • Sep 17, 2012 2:52am Sep 17, 2012 2:52am
Attached, a little excel sheet to understand the potential of Tony's system.

As you see, a drought of 100 losses makes life very difficult.

What is the longest drought between 300 pip wins?

Only a concerted back test will tell. I would appreciate any and all comments on this.


Tim
Attached File(s)
File Type: xls 100 Trade Spreadsheet.xls   26 KB | 586 downloads
  • #6,778
  • Sep 17, 2012 3:38am Sep 17, 2012 3:38am
Quoting doyathink
Hi, again....
just discovered the ea by Charvo on p200 of the thread...
is that what you are using?
I have been using the one by Zen Leow, CBBP_EA v3.0...
Yes.
  • #6,779
  • Sep 17, 2012 3:49am Sep 17, 2012 3:49am
Quoting hazel1919
Attached, a little excel sheet to understand the potential of Tony's system.

As you see, a drought of 100 losses makes life very difficult.

What is the longest drought between 300 pip wins?

Only a concerted back test will tell. I would appreciate any and all comments on this.


Tim
Your 3% risk is too high. I believe Tony risks 0.7% and I'm not sure even that level is recommended for novices.
  • #6,780
  • Sep 17, 2012 4:37am Sep 17, 2012 4:37am
Quoting TheMaxx
Your 3% risk is too high. I believe Tony risks 0.7% and I'm not sure even that level is recommended for novices.
If you're using oanda i don't think its even possible to risk 3%. But yes i agree, 3% is not feasible in the long run.

Once the string of losses hit you, you're account will be badly burnt. Thats unless you can constantly refund like tony, if not reducing the amount risk would be wise.
Whether you can or you can't, you are both right.
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