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1minute 1 trade

  • #1,741
  • Sep 18, 2012 3:18am Sep 18, 2012 3:18am
Quoting umpats
First thanks strada to share the view.
today bias is down initially, then it breaks high so as per paulus rule bias is up.
but the price is try to moving downword. so dont know what to do? any idea?
Umpats,

Price moved down rapidly after breaking the high and gave a long signal, but I stayed out. Simply put, too volatile for our tight SL. Glad I did too.

Strada,
Thanks for the detailed (as ever) reply. That makes sense.
Honest Bill
  • #1,742
  • Sep 18, 2012 4:10am Sep 18, 2012 4:10am
Quoting mannai70
ok cool thanks.

I thought you already took the 7am bias trade earlier today, the one where you showed the screenshot. Or did you mean the 8am you're waiting on.
Yes I did take the 7am trade and then the 8am No Bias, I do 2 trades, the first 2 that appear out of the 4.
Back on the subject of RR 1:3, today is a typical example. As I've said it doesn't always work out to 1:3 as 5/15%. By not including spread in the calcs the losses will normally be more than 5%. This doesn't concern me as the win rate is good enough to compensate and the extra pips on TP have in fact taken me over the 1:3 target in the last 2 weeks.
Today's trades ~
7.15am tp 6; exit +6.4 = 16%;
8.27am SL 2 (+1 spread) = 3; exit -3 = -7.5%
Net profit for the day 8.5%.
Attached Image (click to enlarge)
Click to Enlarge Name: 2m 2t eu 09-18 8am trades.gif Size: 47 KB
  • #1,743
  • Sep 18, 2012 8:24am Sep 18, 2012 8:24am
strada
on post 1733 I see that stoc did reach 80 at the 0715 trade while mine didnot, and the opposite happened at post 1742, mine went to 81.25 at the 0816 candle.

are your stoc settings are 533 lo/hi or close?
  • #1,744
  • Sep 18, 2012 9:47am Sep 18, 2012 9:47am
Quoting as002
strada
on post 1733 I see that stoc did reach 80 at the 0715 trade while mine didnot, and the opposite happened at post 1742, mine went to 81.25 at the 0816 candle.

are your stoc settings are 533 lo/hi or close?
All the indies are from Paulus 1st page together with his template and all set as per his initial settings, stox at 5,3,3.
However, i've just checked another MT4 which has exactly the same settings but the chart displayed the pricing from 8.12 quite differently and probably more like yours. There was a clear signal on the other MT4 at 8.12. And it would have been profitable. So I'll have to take a look at these different MT4 feeds, thanks for raising this.
rgds, strada.
  • #1,745
  • Sep 18, 2012 11:17am Sep 18, 2012 11:17am
strada do you have an EA that calculates how many pips corresponds your SL ( -5% ) and your TP ( 15% ) when you send an order?..could please share it if you have...thats boring do it manually...thanks!
  • #1,746
  • Sep 18, 2012 8:42pm Sep 18, 2012 8:42pm
I saved the template to Meta Trader Folder, but whatever sub folder I save the template doesn’t show up on the chart under Navigator. I put the template into folders: Indicators, Expert Advisors, Custom Indicators, Scripts. Can’t see it. Is there some sort of unpacking or opening the file I have to do?

Thanks,

Frank

Quoting Ramjet
Hi ya Frank..

Those are the original indicators from Paulus's post #6 so it sounds like you have them all ready so just drag the template onto a new chart window in MT4 and all indicators should show up on the template at once....
If not add the indicators to your indicators file in MT4 and then bring up a new chart window and all indicators should show up automatically..

Hope that helps

Cheers,
Adrian
  • #1,747
  • Sep 18, 2012 9:22pm Sep 18, 2012 9:22pm
Quoting FranksBiz
I saved the template to Meta Trader Folder, but whatever sub folder I save the template doesn’t show up on the chart under Navigator. I put the template into folders: Indicators, Expert Advisors, Custom Indicators, Scripts. Can’t see it. Is there some sort of unpacking or opening the file I have to do?

Thanks,

Frank
Hi ya Frank..

Sorry about this!

When you go into your C drive, program files, where you have your MT4 and open it up you should see a folder marked up Templates..just place the template in there..
Alternatively I have a folder on my desktop with different Templates in it and I normally just right click in MT4 Template-Load Template- and then find the Template from that folder on my desktop to install..

Hope that helps this time

Cheers,
Adrian
Attached Image (click to enlarge)
Click to Enlarge Name: Add Template.png Size: 107 KB
  • #1,748
  • Sep 19, 2012 12:47am Sep 19, 2012 12:47am
Hi Strada,

In the set up do you require the stoch to be above/below 80/20 at the close of a bar or will you accept hitting 80/20 and retracing before bar close ?

I attach an indi that has an alert which will pop up when the stoch hits 80/20, may be of assistance to others
Attached File(s)
File Type: mq4 Stoch Alert.mq4   3 KB | 475 downloads
Money grows on the tree of persistence
  • #1,749
  • Sep 19, 2012 1:27am Sep 19, 2012 1:27am
today 19/09, first signal after 7AM (07:13)

Buy at 1.3079
SL at 1.3075
TP at 1.3091

LOSS
  • #1,750
  • Edited 3:23am Sep 19, 2012 2:49am | Edited 3:23am
Today bias sell.

sell at 1.3070 SL 1.3074 and TP 1.3058. anyone else with me?

edit: TP reached win... thanks paulus.
  • #1,751
  • Sep 19, 2012 2:57am Sep 19, 2012 2:57am
Paludo, I don't use any kind of EA at any time. Calcs are done the old fashioned way, sometimes a bit of guesswork involved, if I'm in any doubt I'll base it on a difference of 2 and take it from there sometimes having to adapt during the trade.

Ozmacca, I only use closed bars for the signals, but I remember Paulus did use that discretion on some of his trades.
Attached Image (click to enlarge)
Click to Enlarge Name: 2m 2t eu 09-19.gif Size: 55 KB
  • #1,752
  • Sep 19, 2012 3:06am Sep 19, 2012 3:06am
Quoting strada
Paludo, I don't use any kind of EA at any time. Calcs are done the old fashioned way, sometimes a bit of guesswork involved, if I'm in any doubt I'll base it on a difference of 2 and take it from there sometimes having to adapt during the trade.

Ozmacca, I only use closed bars for the signals, but I remember Paulus did use that discretion on some of his trades.

Hi strada,

In your chart you put SL 2 but when exit loss is always -3 so how you calculate 5% and 15%? i am bit confused. please explain.
  • #1,753
  • Sep 19, 2012 3:26am Sep 19, 2012 3:26am
Quoting umpats
Hi strada,

In your chart you put SL 2 but when exit loss is always -3 so how you calculate 5% and 15%? i am bit confused. please explain.
Hi Umpats, post 1742 above explains.

RR 1:3 5%/15% are targets for me, they're not set in stone, some weeks I do better than target, some less so. Had a double loss this morning, but after 14 days of profit, it was probably due.
strada.
  • #1,754
  • Sep 19, 2012 3:39am Sep 19, 2012 3:39am
Quoting strada
Hi Umpats, post 1742 above explains.

RR 1:3 5%/15% are targets for me, they're not set in stone, some weeks I do better than target, some less so. Had a double loss this morning, but after 14 days of profit, it was probably due.
strada.
Thanks strada.
  • #1,755
  • Sep 19, 2012 3:41am Sep 19, 2012 3:41am
Quoting strada
Hi Umpats, post 1742 above explains.

RR 1:3 5%/15% are targets for me, they're not set in stone, some weeks I do better than target, some less so. Had a double loss this morning, but after 14 days of profit, it was probably due.
strada.
Great job on the trades Strada.

Since you only take the first two trades on a given day, I'm going to assume you never took the third trade that you showed in your screenshot.

I've read time and time again that every winning strategy is a winning strategy based on a specific edge. More often that not most successful traders shoot for positive R:R and make that their winning edge. In this particular strategy I would say more or less the edge is in the RR and then obviously that coupled with the fact you take two trades based on the different criteria and that gives the right mix to be successful.

Strada if you don't mind, what kind of compounded percentage return have you made on your capital over the last 14 days or since you started trading this live.

Thanks
  • #1,756
  • Sep 19, 2012 6:42pm Sep 19, 2012 6:42pm
Quoting umpats
Today bias sell.

sell at 1.3070 SL 1.3074 and TP 1.3058. anyone else with me?

edit: TP reached win... thanks paulus.
Brokers are going to effect each of us, my broker never got to 3058 even without allowing for spread in a TP, so no winner on Go Markets
Money grows on the tree of persistence
  • #1,757
  • Sep 19, 2012 7:46pm Sep 19, 2012 7:46pm
I used your second option, “right click in MT4 Template-Load Template.” The first option didn’t work.

My MT-4 screen had a black background, and turned white. So I guess something happened. The Stoch and MACD kept working. The Paulus Market time indicators are working. The left top of the screen shows EURUSDpro, and four market pip prices. I don’t see anything to show the template is loaded. Is it? What happens now.

This is an EA and it executes buys and sells, right? How do I change the time to my time in New York. I have the Paulus Market time indicators set to the correct times.
Thanks,

Frank
Quoting Ramjet
Hi ya Frank..

Sorry about this!

When you go into your C drive, program files, where you have your MT4 and open it up you should see a folder marked up Templates..just place the template in there..
Alternatively I have a folder on my desktop with different Templates in it and I normally just right click in MT4 Template-Load Template- and then find the Template from that folder on my desktop to install..

Hope that helps this time

Cheers,
Adrian
  • #1,758
  • Sep 19, 2012 8:13pm Sep 19, 2012 8:13pm
Hi ya Frank ..

Quoting FranksBiz
My MT-4 screen had a black background, and turned white. So I guess something happened. The Stoch and MACD kept working. The Paulus Market time indicators are working. The left top of the screen shows EURUSDpro, and four market pip prices. I don’t see anything to show the template is loaded. Is it? What happens now.
That sounds a bit off with the settings of some sort, it should like the chart in this picture...I'm not sure if your MT4 is corrupted and maybe a reinstall may help..if you want to put up a screen shot maybe I could see something of what could be wrong..

Quote
This is an EA and it executes buys and sells, right? How do I change the time to my time in New York. I have the Paulus Market time indicators set to the correct times.
Sorry, I didn't realize you were expecting an EA..this isn't an EA as I'm not sure if an EA would work very well with this system as we are trading with tight stops with quick in and outs of the trades and I think a human would have to interact with this sytem for the best results.. To set the time lines you would do that as shown in the picture of just changing those 2 to be in line with the Euro and London open and you could set the other places to 0 unless you wanted to trade New York which I am not sure of the results..

Sorry if I misinformed you that this was an EA..

Cheers,
Adrian
Attached Image (click to enlarge)
Click to Enlarge Name: Market open lines.png Size: 53 KB
  • #1,759
  • Sep 20, 2012 2:59am Sep 20, 2012 2:59am
Today bias was sell .

but loss...
  • #1,760
  • Sep 20, 2012 3:07am Sep 20, 2012 3:07am
Couple of todays signals had Hi/Lo's too wide for me so used 2/6 rather than miss trades.
Attached Image (click to enlarge)
Click to Enlarge Name: 2m 2t eu 09-20.gif Size: 57 KB
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