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  • #661
  • Mar 20, 2013 8:50am Mar 20, 2013 8:50am
Quoting fugio
This treath is about MM, not a system or method! you can use what you want.
Still ongoing because we still learning from each other, and making pips! I don't need anything else!
fugio, you've made a very good point, but I look at that from a different point of view: Why should we explain anything to somebody who doesn't trade himself?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #662
  • Mar 20, 2013 8:55am Mar 20, 2013 8:55am
Quoting nubcake
919 i skimmed your other post, and the gist of it is what i posted. if that wasn't the meat in the sandwhich then so be it, but that's what i took from it, and from other posts in this thread.

the reason i skim posts on the forum, and especially in threads like this is :



if someone can explain why this thread is still ongoing in 50 words or less that'd be swell. otherwise, wtf?
With very due respect to you Nubcake, we don't need to. What works for you may not work for me, and what works for me may not work for you. We are not competing with other traders and this thread is not for everyone.

One day a man decided he could build an object that can fly and be suspended in the air for a duration of time, and everybody said, it was impossible. Today it is history.

Someone told the bumblebee it couldn't fly because "aerodynamically, the bumblebee shouldn't be able to fly, but the bumblebee doesn't know it so it goes on flying anyway ~ Mary Kay Ash"
Low Risk Low Stress High Reward High Probability Trades
  • #663
  • Mar 20, 2013 8:57am Mar 20, 2013 8:57am
Quoting Favorite
+16 pips.

Doubled the account today.
Great job pal
Low Risk Low Stress High Reward High Probability Trades
  • #664
  • Mar 20, 2013 9:04am Mar 20, 2013 9:04am
Quoting 919gilead
One day a man decided he could build an object that can fly and be suspended in the air for a duration of time, and everybody said, it was impossible. Today it is history.
ah, this comes out every so often. maybe i'm just well past the point of paying any attention anymore, but i can't remember the last time someone said that something on this forum was impossible. i do note a lot of people saying that some things are just 'bad', 'wrong', 'stupid', 'not the point of trading', a 'waste of time', etc. it's entirely possible for someone to spend the rest of their lives walking backwards. it's not smart, clever, unique, safe, admiral, etc. it's entirely possible... but pointless and a waste of time. it's better to face the world with eyes open, not closed.

well, you lot have fun now.
Congratulations ScalaFX for coming out of the closet!
  • #665
  • Mar 20, 2013 9:20am Mar 20, 2013 9:20am
Quoting condor666
I trade dna's style, but instead of using a stoploss i use hedged position, it's really effective but it's only 14 trades with 100% win ratio...
Very interesting, condor. Would you mind sharing how you do that please? I know what hedging is, just curious how you apply it. Thanks.
mind over matter
  • #666
  • Mar 20, 2013 9:24am Mar 20, 2013 9:24am
Quoting nubcake
ah, this comes out every so often. maybe i'm just well past the point of paying any attention anymore, but i can't remember the last time someone said that something on this forum was impossible. i do note a lot of people saying that some things are just 'bad', 'wrong', 'stupid', 'not the point of trading', a 'waste of time', etc. it's entirely possible for someone to spend the rest of their lives walking backwards. it's not smart, clever, unique, safe, admiral, etc. it's entirely possible... but pointless and a waste of time. it's better...
We're already having fun. We all have the freedom to trade whichever way we want but sensibly. Live account statements have been posted with profitable trades - 60 trades with only 3 losses and account balance doubled in 3 weeks. DNA has posted his live account with no loss. Live trades have been posted with very small SL and the stop moved to BE with 2 - 3 M5 candles I don't see anything wrong in that.

I have already highlighted that a trader should not use 100 pip SL but reduce their risk to 7 - 20 and maximum of 25, and followed with several live trade examples. Favorite was even much generous with 30 pips, and we're all showing profitable live trades daily, and people keep bashing the forum without posting an alternative with their result except Behman8850 (in posts 256 & 257). Yes DNA has caused some stir by his 100 SL system but a good filter has been introduced so traders can reduce the risk and manage trades better.

We thank you for your concern and have taken note. A trader will be stupid not to consider the reservation of experienced traders like you but the final decision thereafter rest with each person.

Thank you Captain, we appreciate your visit. Please stop by once in a while.
Low Risk Low Stress High Reward High Probability Trades
  • #667
  • Mar 20, 2013 9:33am Mar 20, 2013 9:33am
Hey George et al
check this out http://www.forexfactory.com/showthre...87#post6531087
this guy knows how to trade so it's probably a good indicator - I think it has come from these guys http://www.for-exe.com/
George I had a quick look at the source code for the ay-PercentGraph earlier and there isn't much in there so it shouldn't be too difficult to modify (I haven't coded for a while so I'm not sure I fancy tackling it) but I'd be interested in a more detailed explanation of what it's trying to show. Ie I understand the H L O is High Low Open., but then are you for example trying to get an alert when there is a lot of movement in 1 currency pair compared to another?
Cheers and trade safe!
  • #668
  • Mar 20, 2013 9:39am Mar 20, 2013 9:39am
Quoting Phil_GMT
dnabrasil has proved himself. YOU either get it or you don't. let the hustlers get this money.

he never said he was gonna make 300% a week in definately or whatever.

It is really his MM that is key. He is like a poker player.

Say you have 5k you split that into 5 $1ks.

You then have 5 tries at flipping those $1ks into $3k, $4k etc... increasing at an increasing rate, then you sart again with your new balance $8k split that up into 5 and doit again....

I think this is the most sensible post in this thread.

If you are risking your entire bankroll on every trade then eventually a black swan is going to fly by and poop on you and it's all over. But if you divide your bank roll into a certain number of pots then you need a lot more black swan events to take you out of the game. I suspect from messing about with some of the ideas in this thread that you can probably/possibly double your account before you blow it up greater than 50% of the time.

Here's what I would do.

Divide my bankroll into a certain number of pots.

eg $1000 bankroll divided by 5 pots = 5 X $200 pots.

Now my objective is to take a $200 pot and turn it into $400.

When I have $2000 dollars I divide by 5 again giving me 5 pots of $400 each. Again I try to double my bankroll to
$4000, then $8000, then $16000, then $32000, then $64000. Then I take a month off and go on holidays (alternatively perhaps I cry a lot because the last trade blew my account).

I concede that it's a lot of doubling but there's always a catch with trading.

So going from $1000 to $2000 could go like this

5 attempts to double - win win win lose lose - left with 6 pots - win win win win lose lose - 8 pots - lose win win win win win - no need to proceed as you've doubled your pot.


Now that i type it out it does seem like an awful lot of work but I hope somebody can understand what I am trying to say. Basically it's trying to control the risk of the system as it stands and turn a guaranteed eventual loser into hopefully a long term profitable system.
  • #669
  • Mar 20, 2013 10:37am Mar 20, 2013 10:37am
Quoting kosmo
Very interesting, condor. Would you mind sharing how you do that please? I know what hedging is, just curious how you apply it. Thanks.
Finally it's quite easy but there some things to have :
1) A broker allowing direct hedging
2) an ecn broker is better cause spread is small

and now how i do this :
i open a trade in the same direction than daily trend and finally if it goes the wrong side i open another position like a stoploss
My name is Martin... Martin Gale
  • #670
  • Mar 20, 2013 11:44am Mar 20, 2013 11:44am
Quoting condor666
Finally it's quite easy but there some things to have :
1) A broker allowing direct hedging
2) an ecn broker is better cause spread is small

and now how i do this :
i open a trade in the same direction than daily trend and finally if it goes the wrong side i open another position like a stoploss
I see. Thanks.
mind over matter
  • #671
  • Mar 20, 2013 11:57am Mar 20, 2013 11:57am
Quoting 919gilead
Change time frames and see whether the lines come up, otherwise check the input window, and ensure you set all the currencies to true
Dear Goerge,

I have changed the time frame and set all currencies to true, still no lines come up.
  • #672
  • Mar 20, 2013 12:45pm Mar 20, 2013 12:45pm
Quoting alba9567
Dear Goerge,

I have changed the time frame and set all currencies to true, still no lines come up.
Try another trading broker; there must be something wrong with the broker platform you are using
Low Risk Low Stress High Reward High Probability Trades
  • #673
  • Mar 20, 2013 12:55pm Mar 20, 2013 12:55pm
Quoting jonnypants
Hey George et al
check this out http://www.forexfactory.com/showthre...87#post6531087
this guy knows how to trade so it's probably a good indicator - I think it has come from these guys http://www.for-exe.com/
George I had a quick look at the source code for the ay-PercentGraph earlier and there isn't much in there so it shouldn't be too difficult to modify (I haven't coded for a while so I'm not sure I fancy tackling it) but I'd be interested in a more detailed explanation of what it's trying to show. Ie...
Hey Jonnypants,

Thanks for the information. I will check the sites.

On the ayPercentGraph indicator - yes you are correct about what I am looking for - the active and volatile currency pairs, because this why I can concentrate and look for trades on only those pairs. Xlitang is also trying to work on the modified copy I sent him.

Cheers, and trade safe too
Low Risk Low Stress High Reward High Probability Trades
  • #674
  • Mar 20, 2013 1:10pm Mar 20, 2013 1:10pm
EURUSD, M1, 2013 March 20
Some Scalping Trades exposed at M1
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, M1, 2013 March 20.jpg Size: 144 KB
  • #675
  • Mar 20, 2013 1:19pm Mar 20, 2013 1:19pm
Favorite, do you mind posting your strategy/template ? (I am just another unsuccesful noob follower...) but a respectful one) Thank you for your time !
  • #676
  • Mar 20, 2013 1:23pm Mar 20, 2013 1:23pm
Quoting Forexcube
EURUSD, M1, 2013 March 20
Some Scalping Trades exposed at M1
Very nicely done, Forexcube!

I'm sure I'm not the only one who would like to hear more about your rules, indicators, MM.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #677
  • Mar 20, 2013 1:37pm Mar 20, 2013 1:37pm
Quoting ChanhXanh
Favorite, do you mind posting your strategy/template ? (I am just another unsuccesful noob follower...) but a respectful one) Thank you for your time !
Sure! Unfortunately I'm not sure whether the noobie can follow it successfully.

The simple rule: I trade M1, mostly EURJPY, I buy when the Babon becomes blue (the second candle) and the price is above the Ichimoku Cloud. That sounds very simple, but I also pay attention to the "big picture" (H1) and I want to see the right Price Action (higher highs and higher lows), and that is such a big subject that I can't explain it in this post or in this thread.

The same for selling: red Babon, price under Ichimoku Cloud, right H1 big picture, lower lows and lower highs.

I set the emergency stop 30 pips (as I already explained, these are locks, not stop-losses, another very complicated method, not for noobies) but I exit much earlier if I see that price went against me.

Another very complicated subject - the exit. Sometimes I take 4-6 pips, sometimes 15-30 pips, that depends on the price movement, momentum, I also pay attention to the Babon's angle etc., that is another thing I can't explain here.
Attached File(s)
File Type: tpl babon-2.tpl   1 KB | 984 downloads
File Type: mq4 Babon Slope .mq4   4 KB | 825 downloads
Gentlemen always play by the rules. If they can't, they change the rules.
  • #678
  • Mar 20, 2013 1:55pm Mar 20, 2013 1:55pm
After a few hours of trading :
Attached Image (click to enlarge)
Click to Enlarge Name: Snap005 2013-03-20, 19_54_37.png Size: 50 KB
My name is Martin... Martin Gale
  • #679
  • Mar 20, 2013 1:56pm Mar 20, 2013 1:56pm
Hi Mr Favorite, I remember some time back you had a system using MTF TMA bands, I think two of them, do you still use that system? Is this scalping now your only system you use, or are you just experimenting?


Quoting Favorite
Sure! Unfortunately I'm not sure whether the noobie can follow it successfully.

The simple rule: I trade M1, mostly EURJPY, I buy when the Babon becomes blue (the second candle) and the price is above the Ichimoku Cloud. That sounds very simple, but I also pay attention to the "big picture" (H1) and I want to see the right Price Action (higher highs and higher lows), and that is such a big subject that I can't explain it in this post or in this thread.

The same for selling: red Babon, price under Ichimoku Cloud, right H1 big picture, lower...
  • #680
  • Mar 20, 2013 2:03pm Mar 20, 2013 2:03pm
Quoting condor666
After a few hours of trading :

Great job, condor!
mind over matter
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