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3% Risk Gives You Bliss System

  • #141
  • Oct 27, 2012 12:16am Oct 27, 2012 12:16am
Quoting Cubbybgood
Got an entry for today. Eurusd. I was late 3 pips on entry.

Lets see what happens with it next week. Have a good weekend guys!
I was entry too, but early than you )))
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 103 KB
  • #142
  • Oct 27, 2012 12:23am Oct 27, 2012 12:23am
And another entry. AUDUSD
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.jpg Size: 100 KB
  • #143
  • Oct 27, 2012 2:31am Oct 27, 2012 2:31am
Cubbybgood, I use the template and indicators from posting #1 , but the HA-indicator looks different than yours.
Do you use other settings or another HA-indicator ?
Your first screenshots looked like mine, but now they look different.
fxairy´s screenshots have that different look too.
Both screenshots are AUDUSD M15 , the HA looks completely different and gives less arrows than mine.
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  • #144
  • Oct 27, 2012 3:34am Oct 27, 2012 3:34am
Quoting fxtr51
Cubbybgood, I use the template and indicators from posting #1 , but the HA-indicator looks different than yours.
Do you use other settings or another HA-indicator ?
Your first screenshots looked like mine, but now they look different.
fxairy´s screenshots have that different look too.
Both screenshots are AUDUSD M15 , the HA looks completely different and gives less arrows than mine.
Attachment
Probably because using 5 digit broker.
Change HA-"Step"-setting from 5 to 50.
Please try.
  • #145
  • Edited 3:49am Oct 27, 2012 3:35am | Edited 3:49am
hey guys! I would like to share some of my views on this system and ways to trade it better.

Range is a major part in any time frame and range will take out stops repeatedly because this system is focused on capturing trends. For solving this problem, there is a simple way out. We have to check the slope of xpma before the trade trigger. Let's say if you want to go long, then we should

1) Already have Blue colored xpma slopping upwards for good number of bars.

2) Then a red colored xpma

3) Then again Blue colored xpma appears and find signal triggered as per rule.

OR simply

1) Wait for blue colored xpma slopping upwards
2) Retracement of trend and note that the xpma is not chaning color or angle of trend
3) Take the trade signal now



Thus a trade is triggered in trend retracement.
This will lessen the number of stops getting out during range period and off-course, there will be still stop outs, but less and so less that overall trend capturing pips will win at the end.

For take profit,

if the trade goes right, then we will be having trend. Now start observing the divergence between price waves and MACD. Also see daily, weekly and monthly S/R and Very Big Round Numbers. When you plot significant divergence, consider it Big Alert for exiting your positions either in part or full lots.

thanks.....
Trading is a delicate balance of Strategy , Money management and Psychology
  • #146
  • Oct 27, 2012 7:41am Oct 27, 2012 7:41am
Very interesting strategy Cubby. Will give it a swing Monday. I hear your dilemma on having to get up during the night if you get an exit signal. I'll have to look through my trade manager EA's. I'm sure I have one that will exit on a MACD crossing.

Also like the idea mentioned about using the angle of the xpma as a visual fliter for the strength of trend.

I also like the idea of trading the 15m without having to sit and watch the screen all day.

Looking at charts for Friday, looks like there were a lot of positive trades.

Keep up the good work.
  • #147
  • Oct 27, 2012 8:20am Oct 27, 2012 8:20am
Quoting spyderman
I hear your dilemma on having to get up during the night if you get an exit signal. I'll have to look through my trade manager EA's. I'm sure I have one that will exit on a MACD crossing.

Couldn't find one. Noticed though that fxtr51 posted above. He's done some extensive coding on trade managers. Maybe he could chime in with some help. That way we could all sleep soundly...
  • #148
  • Oct 27, 2012 8:45am Oct 27, 2012 8:45am
someone have some indicator that calculates your lot size according to your risk % ?...

for example, I wanna risk 3% of my account with a 20 pips SL, then the indicator calculates the lot size

it would be very helpful for me,
  • #149
  • Oct 27, 2012 9:00am Oct 27, 2012 9:00am
Quoting Paludo
someone have some indicator that calculates your lot size according to your risk % ?...

for example, I wanna risk 3% of my account with a 20 pips SL, then the indicator calculates the lot size

it would be very helpful for me,

Here ya go Paludo.

One figures % based on equity and the other on account balance.
Attached File(s)
File Type: ex4 LotCalculator Equity.ex4   6 KB | 440 downloads
File Type: mq4 LotCalculator Equity.mq4   7 KB | 560 downloads
File Type: ex4 LotCalculator Balance.ex4   6 KB | 470 downloads
File Type: mq4 LotCalculator Balance.mq4   7 KB | 551 downloads
  • #150
  • Edited 9:43am Oct 27, 2012 9:31am | Edited 9:43am
Quoting Xkb41pDq32
Probably because using 5 digit broker.
Change HA-"Step"-setting from 5 to 50.
Please try.
Thank you very much.
That is the solution.

I modified the indicator.
It adapts automatically to 5-digit brokers.
HA-"Step" setting can be 5 .
Attached File(s)
File Type: mq4 Heiken_Ashi_Ma_T3-1.mq4   7 KB | 728 downloads
  • #151
  • Oct 27, 2012 9:59am Oct 27, 2012 9:59am
wow, thanks a lot!!!


Quoting spyderman
Here ya go Paludo.

One figures % based on equity and the other on account balance.
  • #152
  • Oct 27, 2012 10:52am Oct 27, 2012 10:52am
Quoting Paludo
someone have some indicator that calculates your lot size according to your risk % ?...

for example, I wanna risk 3% of my account with a 20 pips SL, then the indicator calculates the lot size

it would be very helpful for me,
You may try this one as well - EasyOrder
http://www.forexfactory.com/showthread.php?t=281772
  • #153
  • Oct 27, 2012 11:17am Oct 27, 2012 11:17am
I would like to add option for EA for closed when macd cross over signal line.
  • #154
  • Oct 27, 2012 1:58pm Oct 27, 2012 1:58pm
Cubby,

Can you provide the source code file for the MACD indi.

Thanks
  • #155
  • Oct 27, 2012 2:10pm Oct 27, 2012 2:10pm
Quoting spyderman
Cubby,

Can you provide the source code file for the MACD indi.

Thanks

I do not have the source. I did not create the indicator and I'm not sure where I found it.

Sorry about this.
  • #156
  • Oct 27, 2012 2:18pm Oct 27, 2012 2:18pm
please some one can tell me in full detail that how we looks for the entry or entry alert which comes from mt4 we have to follow that one ?
please help me if anyone can
  • #157
  • Oct 27, 2012 2:28pm Oct 27, 2012 2:28pm
Quoting Cubbybgood
I do not have the source. I did not create the indicator and I'm not sure where I found it.

Sorry about this.

Thanks Cubby,

I found it on the web.
  • #158
  • Oct 27, 2012 4:15pm Oct 27, 2012 4:15pm
Cubby, I have been conducting my Saturday recap and found your new thread, I have been mucking around with it and find it of interest. Part of my evaluation is to understand how each component of systems works so I have a better understanding of what I am looking for beyond the arrows.

I find your methodology very similar to other threads on FF and I was just wondering what is new - I am assuming you have read other threads as well and mucked around with them just like I did with yours.

What I like about what you are doing so far are the stacking possibilities and the alerts that show up at the beginning of a new candle of a possible entry instead of at the end. This gives me a good heads up and time to watch PA so I am relaxed when I pull the trigger.

For those two components I am thankful.
I make money anywhere in the world by taking orders
  • #159
  • Oct 27, 2012 4:27pm Oct 27, 2012 4:27pm
Quoting mtuppers
I would like to add option for EA for closed when macd cross over signal line.
spyderman asked me to implement the macd exit in my Stealth Trade Management EA and I did it.
http://www.forexfactory.com/showthread.php?t=371147
  • #160
  • Oct 27, 2012 4:51pm Oct 27, 2012 4:51pm
It'snot 50, that looks freaky, but that is the issue i think. If anyone has figured out correct setting for 5 digit broker please post. I'll have a play later. thanks


Quoting Xkb41pDq32
Probably because using 5 digit broker.
Change HA-"Step"-setting from 5 to 50.
Please try.
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