3% Risk Gives You Bliss System | Page 13 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Is there a broker that gives you $50 or even more to start? 1 reply

what gives you an edge? 11 replies

Fundamental Bliss 3 replies

Need indicator that gives you an alarm when price touches the MA 2 replies

Would you trade this system? New system #2. 10 replies

Attachments: 3% Risk Gives You Bliss System
Exit Attachments

3% Risk Gives You Bliss System

  • #241
  • Oct 29, 2012 11:56am Oct 29, 2012 11:56am
thanks for your input.

I used a similar system base on ma crossing, stoch and RSI. I'm a scalper so I'm trying your system my way. Using it on M5, SL 10 pip. I'm using a expert call lvoe 1.6.1, that can be find easily on the web. It help me managing my trade and remove emotions from it.

Take Profit 10 pips
Partial Close 5 pips
Break Even 5 pips
Stop Loss 10 pips

during NY 8:00am to 1:00 pm 2% or 3% risk, 1% or less other time
do not trade during news

no over night or over week-end trade

Greed drowned my account in the past. now when I made around 2% in a day, I stop.

Check the pict, took a good one this morning per Chubby's rules
Gray lines are profit 50% @ 5 pips and 50% @ 10 pips
If I had exit per the MACD 0 line cross, line deep pink, it,s a loss.

Hope it will give you some imagination to adjust this great system to yourself.

Ciao,
Attached Image (click to enlarge)
Click to Enlarge Name: M5 trade example.JPG Size: 167 KB
  • #242
  • Oct 29, 2012 4:48pm Oct 29, 2012 4:48pm
Checked EURUSD this morning and it lost during the night. Went down +8p but then reversed as mentioned already by a few others and took my -13p stop out. It then dropped massive but the signal from xpMA would have been too late and taking it would mean you are still in now for about +3p.

More testing needed.
Winners add to winning trades!
  • #243
  • Oct 29, 2012 5:38pm Oct 29, 2012 5:38pm
Quoting marshalmax
Checked EURUSD this morning and it lost during the night. Went down +8p but then reversed as mentioned already by a few others and took my -13p stop out. It then dropped massive but the signal from xpMA would have been too late and taking it would mean you are still in now for about +3p.

More testing needed.
I agree that we should not judge it's performance too early, but let's give it a fair chance.
  • #244
  • Oct 29, 2012 7:49pm Oct 29, 2012 7:49pm
Maybe we will get a good ride off this setup...
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 44 KB
  • #245
  • Oct 29, 2012 8:30pm Oct 29, 2012 8:30pm
Quoting piptalk
Maybe we will get a good ride off this setup...
Hey piptalk. I'm in this trade as well but I'm not sure why your chart shows so many more signals. I just had the one that triggered my trade and that was the last up signal.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.jpg Size: 113 KB
  • #246
  • Edited 10:06pm Oct 29, 2012 8:35pm | Edited 10:06pm
Well, the MACD hit 0 and so as per the rules I exited with 2 pips profit. However, around 18gmt there was an entry for long EUR/JPY which as some members have stated is on the up and up - I will post the charts to that pair a bit later. One thing I will say spyder, is that our EUR/JPY xpMA/HA signals are in sync now
Attached Image (click to enlarge)
Click to Enlarge Name: AUD-USD M15 Bliss T1.3 EXIT.PNG Size: 58 KB
  • #247
  • Oct 29, 2012 8:40pm Oct 29, 2012 8:40pm
Quoting C.Theory
One thing I will say spyder, is that our EUR/JPY xpMA signals are in sync now
Yeah, I've changed back to candles because I like to see the price action and doesn't appear to be a part of Cubby's strategy. The signals are coming off the xpMA so I should match up. Not sure why piptalks has so many signals though.
  • #248
  • Edited 10:04pm Oct 29, 2012 8:44pm | Edited 10:04pm
Quoting spyderman
Not sure why piptalks has so many signals though.
My suspicion is that he is using the standard Heiken_Ashi_Ma indicator and not the one tweaked for 5 digit brokers Heiken_Ashi_Ma_T3-1.
  • #249
  • Oct 29, 2012 9:47pm Oct 29, 2012 9:47pm
I've seen that sometimes price can keep going without giving a HA signal. But, often the HA bars will compress and then expand again in the direction of the xpma, so is only a little price consolidation and not a pullback. Have you considered this as an alternative entry point?
  • #250
  • Oct 29, 2012 10:04pm Oct 29, 2012 10:04pm
Long on USDCAD. Got in late but still got in.

GBPUSD looks like it may continue red very soon.
Winners add to winning trades!
  • #251
  • Oct 29, 2012 11:58pm Oct 29, 2012 11:58pm
can you please share the EA over here, i cannot find on internet.

thanks...

Quoting jfcamp
thanks for your input.

I used a similar system base on ma crossing, stoch and RSI. I'm a scalper so I'm trying your system my way. Using it on M5, SL 10 pip. I'm using a expert call lvoe 1.6.1, that can be find easily on the web. It help me managing my trade and remove emotions from it.

Take Profit 10 pips
Partial Close 5 pips
Break Even 5 pips
Stop Loss 10 pips

during NY 8:00am to 1:00 pm 2% or 3% risk, 1% or less other time
do not trade during news

no over night or over week-end trade

Greed drowned my account...
  • #252
  • Oct 30, 2012 12:34am Oct 30, 2012 12:34am
Quoting spyderman
Hey piptalk. I'm in this trade as well but I'm not sure why your chart shows so many more signals. I just had the one that triggered my trade and that was the last up signal.
Hey S-Man,,,Not sure why I have multiple HA signals,,,Just using the template provided,,,thx,,,
  • #253
  • Oct 30, 2012 1:47am Oct 30, 2012 1:47am
Quoting alij79
can you please share the EA over here, i cannot find on internet.

thanks...
I found that EA in this post.
>> http://www.forexfactory.com/showthre...23#post5874923
Please check.
  • #254
  • Oct 30, 2012 2:49am Oct 30, 2012 2:49am
First trades using the bliss system. NZD/USD entry at the red line. Price above the RN and bounce off the DP used as extra confirmation. Currently at BE+7. BRENT entry wasn't to clever. Should have waited for a break of the pivot or maybe a larger stop loss. Will let it play cos of smaller lots. Same with WTI, but atleast pivot broken.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzd-usd.gif Size: 56 KB
Click to Enlarge Name: brent.gif Size: 54 KB
Click to Enlarge Name: wti.gif Size: 53 KB
  • #255
  • Oct 30, 2012 3:11am Oct 30, 2012 3:11am
Possible entries on the E/U...missed them both obviously . 10 pips locked in on N/U and up 21pips, and currently up 13 pips on BRENT and 23 pips on WTI. All trades also confirmed using HTF. Also want to note, risk:reward 1:2.

Saf
Attached Image (click to enlarge)
Click to Enlarge Name: e-u.gif Size: 54 KB
  • #256
  • Oct 30, 2012 5:44am Oct 30, 2012 5:44am
Hi all.

Interesting thread.

The alerts on these indicators drive me mad though!

Can turn some of them off, but if you turn off the Heikin Ashi alerts, the arrows disappear too.

Does anyone know how to alter the code so it just shows arrows and not the pop up windows?

Thanks!
  • #257
  • Oct 30, 2012 9:53am Oct 30, 2012 9:53am
Here is the conclusion of the EUR/JPY play from around 15:00 gmt yesterday. I got stopped out in the middle of the night as I was sleeping. Although had I gotten out when the MACD histogram reached 0, I would have significantly lower losses. As it stands -24 pips because of violent news reaction.

*Note to self, watch for news that can influence your position!!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EUR-JPY Entry.PNG Size: 58 KB
Click to Enlarge Name: EUR-JPY Stopped Out.PNG Size: 59 KB
  • #258
  • Oct 30, 2012 10:02am Oct 30, 2012 10:02am
Quoting C.Theory
Here is the conclusion of the EUR/JPY play from around 15:00 gmt yesterday. I got stopped out in the middle of the night as I was sleeping. Although had I gotten out when the MACD histogram reached 0, I would have significantly lower losses. As it stands -24 pips because of violent news reaction.

*Note to self, watch for news that can influence your position!!!

I had similar results. I had my EA set to exit on the MACD cross but the move was so violent it just went to the s/l of 20 pips. Can't blame the strategy though. Maybe should have locked in some profit before retiring as it was up about 18 pips last night.
  • #259
  • Oct 30, 2012 10:10am Oct 30, 2012 10:10am
Hi 2 all!
USDCAD
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad_30_10.jpg Size: 111 KB
  • #260
  • Oct 30, 2012 10:50am Oct 30, 2012 10:50am
Thank you for this system. Its strength is that it is a mechanical system. A mechanical system that will buy/sell on a retracement of the initial move which often leads to the larger move.

Here are my last two trades in EURUSD .. one a small loss (comparatively speaking) and one larger profit which is still in play
Attached Image (click to enlarge)
Click to Enlarge Name: 10-30-2012 eurusd .gif Size: 29 KB
0 traders viewing now