11/5/12 update.
I've Added Spacytrader's EA to the thread as it is a great tool for the system. It gives us Pin point entry's for our trades. Careful with the risk. The EA will trade very close to how the system was intended to be traded.
Settings
Make sure all of these are set 0 in the EA settings.
buystoploss50 (set to 0)
buytakeprofit50 (set to 0)
buystoploss53 (set to 0)
buytakeprofit53 (set to 0)
sellstoploss52 (set to 0)
sellstoploss52 (set to 0)
sellstoploss51 (set to 0)
selltakeprofit51 (set to 0)
Hi everyone,
I'm back! This will be my last thread on FF.
I've recently stumbled across the creation of this system. I want to share this because I think my system could help many traders. It's really easy to trade with. You can modify it to your needs but not to much. I'm having success with this system. I feel that it doesn't make any sense to mess with something that's working. I only take the best trades. That means maybe some days I don't even take trade at all! Dont' be irresponsible! Take only good trades!
Forex Factory Bio. Lol
I've started a few system threads...my most popular, (profit All Day) saw decent success with some traders. It's been almost 2 years since that thread was started. To those that are wondering if I still use that system, I do not at this time. I used it for 3 years with good success. Seems that my first year was the best then my monthly profit gradually diminished by my 3rd year. I still was profiting in my 3 year but not nearly as much as the first. I took a long break after this from May 2011 all the way to summer 2012.
Sept 2012 I discovered and created a system by accident and I have traded it LIVE for a month now. Not a long time but with my experience of 6 years I can tell that this is indeed a good system. Yes, you will have some bad days but any decent trader will tell you that.
I'm making it a point not change the indicator names. I think it should be known where they came from.
3% Risk Gives You Bliss System.
Benefits
Oct 2012 live results.
416 pips
49% profit on account. 20k has grown to to just under 28k this month. (I had some fees on my account.)
Only 3% risk per trade.
Non-repainting indicators
Trades on any pair. Pick your favorites
Typically has a 1-20 pip Stop Loss.
Profits range from 1-200 pips
Win/Loss Ratio is very good. Usually at least 1:1
Trade when you want.
allows for you to catch most of each large trend.
Easy to trade with
Rules.
I use the 15 minute time frame for these rules. The system works well on most time frames. Average Stop Loss and Take Profit levels change for every time frame.
Risk only 3% max per trade.
This is all the risk you really need to make money in the forex. 3% risk will save you when you have a bad day. Emotions will kick in if you use more then 3% and cause you to do drastic things if you have a bad day.
Trade first Hienken Ashi signal only after the trend change on the xpma. If the Hienken Ashi is already in trend when the xpma changes direction do not trade. Wait for the first signal on Hienken Ashi after xpma trend change! This is what I do. I receive less trades but I get a tight stop loss in return. Some of you will want to break this rule. Break it at your own risk.
Macd indicator is pretty much your standard macd but with an added ema cross. I ignore the cross. Macd is your trade exit indicator. Exit your trade when macd crosses 0. This indicates that trend is most likely ending. Trust this indicator. This is the best exit indicator I have found. If you know any better let me know.
Market hours indicator is to show you the sessions. I start trading at 8 am EST and am on call till about 5 or 6 pm. I just wait for an alert so I don't have to be at my desk all day.
All indicators have alerts on them. Mack sure to modify the macd one to only alert when it crosses 0.
Make sure and take a signal only have signal bar! Wait for bar to close before you enter the trade. Indicators do not repaint after bar close. Keep this in mind.
You can set you're on Take Profit levels. I'm sure if it's at least 1:1 you will still be profitable.
I will not have the time to respond to all questions but I will do the best I can.
Good luck!
Also, If anyone has any suggestions on how to squeeze out more profit in this system let it be known! Using set TP levels could be a good idea. I think I may try this next month to see if I can gain more pips. Getting up in the middle of the night to exit a trade is not always fun. lol.
Examples...
I've Added Spacytrader's EA to the thread as it is a great tool for the system. It gives us Pin point entry's for our trades. Careful with the risk. The EA will trade very close to how the system was intended to be traded.
Settings
Make sure all of these are set 0 in the EA settings.
buystoploss50 (set to 0)
buytakeprofit50 (set to 0)
buystoploss53 (set to 0)
buytakeprofit53 (set to 0)
sellstoploss52 (set to 0)
sellstoploss52 (set to 0)
sellstoploss51 (set to 0)
selltakeprofit51 (set to 0)
Hi everyone,
I'm back! This will be my last thread on FF.
I've recently stumbled across the creation of this system. I want to share this because I think my system could help many traders. It's really easy to trade with. You can modify it to your needs but not to much. I'm having success with this system. I feel that it doesn't make any sense to mess with something that's working. I only take the best trades. That means maybe some days I don't even take trade at all! Dont' be irresponsible! Take only good trades!
Forex Factory Bio. Lol
I've started a few system threads...my most popular, (profit All Day) saw decent success with some traders. It's been almost 2 years since that thread was started. To those that are wondering if I still use that system, I do not at this time. I used it for 3 years with good success. Seems that my first year was the best then my monthly profit gradually diminished by my 3rd year. I still was profiting in my 3 year but not nearly as much as the first. I took a long break after this from May 2011 all the way to summer 2012.
Sept 2012 I discovered and created a system by accident and I have traded it LIVE for a month now. Not a long time but with my experience of 6 years I can tell that this is indeed a good system. Yes, you will have some bad days but any decent trader will tell you that.
I'm making it a point not change the indicator names. I think it should be known where they came from.
3% Risk Gives You Bliss System.
Benefits
Oct 2012 live results.
416 pips
49% profit on account. 20k has grown to to just under 28k this month. (I had some fees on my account.)
Only 3% risk per trade.
Non-repainting indicators
Trades on any pair. Pick your favorites
Typically has a 1-20 pip Stop Loss.
Profits range from 1-200 pips
Win/Loss Ratio is very good. Usually at least 1:1
Trade when you want.
allows for you to catch most of each large trend.
Easy to trade with
Rules.
I use the 15 minute time frame for these rules. The system works well on most time frames. Average Stop Loss and Take Profit levels change for every time frame.
Risk only 3% max per trade.
This is all the risk you really need to make money in the forex. 3% risk will save you when you have a bad day. Emotions will kick in if you use more then 3% and cause you to do drastic things if you have a bad day.
Trade first Hienken Ashi signal only after the trend change on the xpma. If the Hienken Ashi is already in trend when the xpma changes direction do not trade. Wait for the first signal on Hienken Ashi after xpma trend change! This is what I do. I receive less trades but I get a tight stop loss in return. Some of you will want to break this rule. Break it at your own risk.
Macd indicator is pretty much your standard macd but with an added ema cross. I ignore the cross. Macd is your trade exit indicator. Exit your trade when macd crosses 0. This indicates that trend is most likely ending. Trust this indicator. This is the best exit indicator I have found. If you know any better let me know.
Market hours indicator is to show you the sessions. I start trading at 8 am EST and am on call till about 5 or 6 pm. I just wait for an alert so I don't have to be at my desk all day.
All indicators have alerts on them. Mack sure to modify the macd one to only alert when it crosses 0.
Make sure and take a signal only have signal bar! Wait for bar to close before you enter the trade. Indicators do not repaint after bar close. Keep this in mind.
You can set you're on Take Profit levels. I'm sure if it's at least 1:1 you will still be profitable.
I will not have the time to respond to all questions but I will do the best I can.
Good luck!
Also, If anyone has any suggestions on how to squeeze out more profit in this system let it be known! Using set TP levels could be a good idea. I think I may try this next month to see if I can gain more pips. Getting up in the middle of the night to exit a trade is not always fun. lol.
Examples...
