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The7 Trading System

C. Rob, Nice results. Looks like you are only going for 30 to 40 pips and closing. Wonder your results if you left 1 lot as a runner?
Quoting prosper1
C. Rob, Nice results. Looks like you are only going for 30 to 40 pips and closing. Wonder your results if you left 1 lot as a runner?
thanks for this great system, i never earned so many pips likes last week great
Here is my EA backtesting for last three years turned 10k into 65k
Attached Image (click to enlarge)
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Follow me to the Promised Land
First, thank you for sharing this with us. I hope the rest of the people on this thread will respect your time and keep comments to THIS SYSTEM ONLY! Anything else should be PM'ed or better yet in most cases read all the posts and youll find the answer you are seeking. Also guys I have seen threads implode from getting too many guys asking questions and then the guy who started the thread quietly walks away and leaves 20,000 people all jabbering like old ladies. Maybe one of you can start a thread called: trading 7 #2 in which modifications to the system could be discussede there. My feel after 7 years on this board is we need to not fill up 7's mailbox so much that he doesnt bother to come here anymore. Im all for a second thread in which maybe programmers can tell us about backtesting they have dome on this and waiting for bar close to get out and all the variations they like. Im in! Just not here. Ok, my question for 7 is:

What I want to be totally clear 7 is...You state we enter on a close of the last baR AND ONLY EXIT THE CURRENT TRADE AT THE STOP LOSS WHICH WOULD BE: one pip under/over the high or low of the candle we got in with. OK, simple. But in getting out am I correct in assuming that WE DO NOT WAIT FOR THE CLOSE OF THE CANDLE. Once the high or low is breached we get out, CORRECT?

I would imagine for those who dont have the time that if they wait till end of day it wont kill them as there is a stop loss in place anyway, right?

thanks so much,
Silat
This is the live test result from 4th oct till today.
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NEVER go against the Daily trend
Quoting Optionator
My CAD looks little different (TimeZone). To compare here is the chart:
Attachment 1055940

EGBP moved SL:
Attachment 1055941
Hallo,

for complete the end of the trade. The SL had been triggert. But no worry. It's ok. Next signal comes.

Sell at 0.8042 Close at 0.8064

I have had less time to take another signal. Wait for next.

Attached Image (click to enlarge)
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Regards
Optionator
Quoting xlitang
Here is my EA backtesting for last three years turned 10k into 65k
Which are your SL/TP? Any trailing stop?
Amazing results....
Quoting shaikjun
This is the live test result from 4th oct till today.
Which Currency / TF: Daily?

Thanks.
all pairs and time frame DAY only ,exit manually if opposite colse
Quoting Jimbob1406
Which Currency / TF: Daily?

Thanks.
NEVER go against the Daily trend
Quoting prosper1
C. Rob, Nice results. Looks like you are only going for 30 to 40 pips and closing. Wonder your results if you left 1 lot as a runner?
You are correct - I'm only shooting for 30 pips. In many cases, I've noticed that the next bar after the entry bar will reverse and hit SL. I'm just going for whatever momentum is in the entry bar, which usually is at least 30-pips.

I also have a demo running, which is strictly by the rules. It'll be interesting to compare the results.

You idea of closing out half and letting another run is a good one. That will be my next project.

Rob
Quoting xlitang
Here is my EA backtesting for last three years turned 10k into 65k
Which EA are you referring to? Where to download?
Quoting ChicagoRob
My first demo did really well with 19 wins and 4 losses. The attached results are from my new demo, which is doing great so far.
Was this live trading using an EA or manually? if EA, which one please?
Quoting Walad100100
Which EA are you referring to? Where to download?
http://www.stevehopwoodforex.com/php....php?f=5&t=879 ??? Is this Xlitang? How do you wrote in the post #277?
Enter Signature
It seems that if the candle clodes inside the channel, but the hi or lo has crossed the opposite side, the indi rejects the entry.

It is possible to fix that?

[IMG]http://i47.tinypic.com/10wnnsy.jpg[/IMG]
I see 9 trades on EU since June, how would you have traded them? are there any more I've missed? would you have taken all of them?

Attached Image (click to enlarge)
Click to Enlarge Name: 71.jpg Size: 76 KB
Quoting as002
It seems that if the candle clodes inside the channel, but the hi or lo has crossed the opposite side, the indi rejects the entry.

It is possible to fix that?

[IMG]http://i47.tinypic.com/10wnnsy.jpg[/IMG]
Is not an error.

The7 says in post #25, "If the candle touches both sides of the channel, I like to avoid the entry..."
Enter Signature
Quoting zortan
I see 9 trades on EU since June, how would you have traded them? are there any more I've missed? would you have taken all of them?

Attachment 1058452
What I notice from looking at this chart is this: If we have one candle that closes just outside the low EMA (for a buy) and the next candle closes between the low and high EMA's, then do we have a signal? I'd say this is a valid question. Otherwise there are fewer trades overall.
Disregard all prognostications.
Quoting zortan
I see 9 trades on EU since June, how would you have traded them? are there any more I've missed? would you have taken all of them?

Attachment 1058452
I would enter trades #2,4,5,6 and 9. The remainings are opposite pinbars or long wicks in the wrong direction. Hope this helps..
Quoting The7
I would enter trades #2,4,5,6 and 9. The remainings are opposite pinbars or long wicks in the wrong direction. Hope this helps..
Why not the #3? Seems good to me...
Quoting lucariga
Why not the #3? Seems good to me...
Sorry, I missed that. #3 is a good signal as well
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