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The7 Trading System

  • #281
  • Oct 8, 2012 7:52pm Oct 8, 2012 7:52pm
Quoting xlitang
not sure and I don't care whether it repaint or not. Just use it as a reference.
Thanks. Using it the way you described i.e. 0.4/-0.4, you could let it run on the 4 hour TF and exiting when below the respective threshold. This is the reason for my question. Check your chart and see what I mean.
  • #282
  • Oct 8, 2012 7:54pm Oct 8, 2012 7:54pm
Quoting prosper1
open positions:

AJ- Long
AU- Long
UC- Long
EN- Short
EU- Long (just going for 30 pips or so) almost there
why uc long
  • #283
  • Oct 8, 2012 8:00pm Oct 8, 2012 8:00pm
Yea, it's not a perfect set-up, but the 3 blue bars are pretty close.
That's why I'm only going for 30 pips or so. almost at 20 now.
Attached Image (click to enlarge)
Click to Enlarge Name: uc.gif Size: 30 KB
  • #284
  • Oct 8, 2012 8:02pm Oct 8, 2012 8:02pm
Quoting prosper1
Yea, it's not a perfect set-up, but the 3 blue bars are pretty close.
That's why I'm only going for 30 pips or so. almost at 20 now.
i see i thought you mean usd cad
  • #285
  • Oct 8, 2012 8:09pm Oct 8, 2012 8:09pm
Quoting Dildubai
Hello friends

EU seems to be about to give a buy signal end of this hourly candle in about 3 mins

Opened outside below EMA and is currently likely to close inside

Cheers

DD
daily shows sell signal. not sure where you got buy from.
  • #286
  • Oct 8, 2012 9:56pm Oct 8, 2012 9:56pm
As per the rules EU/NZ sell, already bank in 50 pip and now holding the remaining lot
Attached Image
NEVER go against the Daily trend
  • #287
  • Oct 8, 2012 10:30pm Oct 8, 2012 10:30pm
many mistakes on your indi, please correct them.

Quoting cmeldatrader
Here you go indi according to your basic rules (description included in attached zip file) for playing around with it. hope you enjoy ...any further suggestion will be welcome...thanks THE7
regards
  • #288
  • Oct 9, 2012 2:50am Oct 9, 2012 2:50am
It's really taking off today.

Anyone else in these trades?
Attached Image (click to enlarge)
Click to Enlarge Name: the7.jpg Size: 195 KB
Always try just one more time...
  • #289
  • Oct 9, 2012 2:53am Oct 9, 2012 2:53am
I'm having fun with this so far....!

Yesterday +110, so far today, I have shorts on EU/US, EU/JP and longs on US/CH and NZ/US, presently up +150 overall.

Didn't see the EU/NZ entry from last night, but is one I would have taken if I had, and is currently running at +70. Nice.
Getting there, slowly but surely...
  • #290
  • Oct 9, 2012 4:39am Oct 9, 2012 4:39am
Quoting pirt666
It's really taking off today.

Anyone else in these trades?
i'm in e/j e/u & e/a

great system
  • #291
  • Oct 9, 2012 4:45am Oct 9, 2012 4:45am
eurjpy +39 pips
eurusd +35 pips
uschf +22 pips
euraud +43 pips

Thumbs up for your system THE7, thank's for sharing.
Always try just one more time...
  • #292
  • Oct 9, 2012 11:08am Oct 9, 2012 11:08am
Nice trades, looks like you made 20% on your account today.

As a matter of interest how much % do you risk on each trade?
  • #293
  • Oct 9, 2012 12:10pm Oct 9, 2012 12:10pm
As you know, Oanda doesn't have options that allow "high" and "low" settings on the MAs. Any ideas on settings for channels using the Oanda charts? Thanks.
"Loss and failure are inevitable but misery is optional"
  • #294
  • Oct 9, 2012 12:21pm Oct 9, 2012 12:21pm
Hi Carmel,

I know this isn't exactly answering your question but I use Oanda and place my trades using mt4. Just letting you know the option is there if u don't already.
  • #295
  • Oct 9, 2012 12:28pm Oct 9, 2012 12:28pm
What settings on Oanda do you use to simulate the EMA 5 hi and low? Thanks.
"Loss and failure are inevitable but misery is optional"
  • #296
  • Oct 9, 2012 12:44pm Oct 9, 2012 12:44pm
Quoting The7
Here is a trading system I have been using for the last 6 month with great results. The idea is "cut your losses and let the winner run" I am trading only the Daily Charts on dailyfx. It is a web based chart which allows mobility. I am only trading daily's but feel free to test it on different timeframes.

Here are the rules: Do not trade only 1 pair. Use your money management and positions wisely and allow room for as many pairs as possible. The point here is that we want the winners to outrun the losers..

Place a 5 EMA High and 5 EMA Low...
Hello The7 and others on this thread.I am one of the invisible members of this amazing system.Took my first live trade with this system on EURUSD with 102pips.Thank you so much The7.
  • #297
  • Oct 9, 2012 2:10pm Oct 9, 2012 2:10pm
Nice to see that some folks are making money. Please do nor complicate things with more indicators and EA's. If you can not look at your charts only 5 minutes a day( we are trading dailys right?) you should not be in Forex anyways..
  • #298
  • Oct 9, 2012 2:11pm Oct 9, 2012 2:11pm
Quoting Ifebaba94
Hello The7 and others on this thread.I am one of the invisible members of this amazing system.Took my first live trade with this system on EURUSD with 102pips.Thank you so much The7.
Don't get discouraged when you have losing days...Oh yes, you will have them
  • #299
  • Oct 9, 2012 2:13pm Oct 9, 2012 2:13pm
Quoting carmel
What settings on Oanda do you use to simulate the EMA 5 hi and low? Thanks.
Oanda does not offer High/Low setting for Moving Averages. Just use dailyfx for mobility..Smartphone users can download the MT4 app which shows H/Low's. Opening times might be different but it is an option..
  • #300
  • Oct 9, 2012 2:15pm Oct 9, 2012 2:15pm
Quoting carmel
What settings on Oanda do you use to simulate the EMA 5 hi and low? Thanks.
Sorry Carmel what I meant was I set up my oanda account to use metatrader 4. Think you just create a sub account and set it as metatrader.
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