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  • #1,801
  • Mar 29, 2013 10:11pm Mar 29, 2013 10:11pm
Is there a Myfxbook or TradeExplorer for this system? I'll like to analyze the method through understanding the average stop loss size and entry times or hour of day. Is there a pdf of guidebook as introduction for late comers? Does anyone know which post or which "page" has a rough summary for people like me who is unable to sift through the entire thread, but want to catch up on the conversations? How do I start??
No longer trading forex. Looking for full time job.
  • #1,802
  • Mar 29, 2013 11:29pm Mar 29, 2013 11:29pm
Quoting mmaker
Is there a Myfxbook or TradeExplorer for this system? I'll like to analyze the method through understanding the average stop loss size and entry times or hour of day. Is there a pdf of guidebook as introduction for late comers? Does anyone know which post or which "page" has a rough summary for people like me who is unable to sift through the entire thread, but want to catch up on the conversations? How do I start??
I have asked similar questions, read through my posts from post 1675 (only a few posts). SP wants to post live trade here but wants to accumulate more trades before exposing, and I suggest him to post past trade performance, but he seems not interested.
  • #1,803
  • Mar 29, 2013 11:48pm Mar 29, 2013 11:48pm
EA finished the week up 6.1% for the week trading both the EU and GU. Final tally was 22 losers, 20 winners and 2 trades closed (in profit) due to the market nearing close.

I will not have much time to make any changes due to Easter and having to work all week, but hope to have a few changes made to the EA around Wednesday or Thursday.
  • #1,804
  • Mar 30, 2013 12:05am Mar 30, 2013 12:05am
Quoting kk007
I have asked similar questions, read through my posts from post 1675 (only a few posts). SP wants to post live trade here but wants to accumulate more trades before exposing, and I suggest him to post past trade performance, but he seems not interested.
Glad to know that. I will check your posts since you've asked before me the same questions. Hopefully I can catch up from your leads. If you have a pdf or summary of the system (time of day, stop loss size, timeframe, holding period, target size, trailing method, which pairs to trade, full list of reference lines drawn, etc) please let me know. Thanks!
No longer trading forex. Looking for full time job.
  • #1,805
  • Mar 30, 2013 2:08am Mar 30, 2013 2:08am
Quoting mmaker
Is there a Myfxbook or TradeExplorer for this system? I'll like to analyze the method through understanding the average stop loss size and entry times or hour of day. Is there a pdf of guidebook as introduction for late comers? Does anyone know which post or which "page" has a rough summary for people like me who is unable to sift through the entire thread, but want to catch up on the conversations? How do I start??
Just read the whole thread if you are really interested.. if you cant put in a couple of hours to read through one thread i dont think you have the discipline to be able to trade..

Quoting kk007
I have asked similar questions, read through my posts from post 1675 (only a few posts). SP wants to post live trade here but wants to accumulate more trades before exposing, and I suggest him to post past trade performance, but he seems not interested.
If you had read through the thread as well you would know the answers to your questions.. Stop posting in here questioning and expecting answers from people who have already clearly put in alot of effort to help others.. all you are doing is ruining a good thread because of your laziness..
nollej is power..
  • #1,806
  • Mar 30, 2013 2:18am Mar 30, 2013 2:18am
Quoting nollej
If you had read through the thread as well you would know the answers to your questions.. Stop posting in here questioning and expecting answers from people who have already clearly put in alot of effort to help others.. all you are doing is ruining a good thread because of your laziness..
I haven't asked again in this post. I've just responsed to another one who has similar query to prevent immediate repetition. Please don't ruin this thread because of your misunderstanding.
  • #1,807
  • Edited 4:26am Mar 30, 2013 2:19am | Edited 4:26am
Hi All,

Many thanks Seneca for sharing your experience in such a nice way.

Here is an Indi created by Joshua that I slightly modified to match you SL settings;

By default if will show a 20% of 5 Days average ATR in Pips.
Attached File(s)
File Type: zip ATR in Pips.mq4.zip   1 KB | 363 downloads
the market is not random but anything can happen.
  • #1,808
  • Mar 30, 2013 6:46am Mar 30, 2013 6:46am
Quoting nollej
Just read the whole thread if you are really interested.. if you cant put in a couple of hours to read through one thread i dont think you have the discipline to be able to trade..
If you had read through the thread as well you would know the answers to your questions.. Stop posting in here questioning and expecting answers from people who have already clearly put in alot of effort to help others.. all you are doing is ruining a good thread because of your laziness..
Having the discipline to trade has nothing to do with wasting precious time sifting through entire threads reading unrelated posts from idiots like you. If I'm not interested I wouldn't be here asking questions. Please don't ruin a perfectly good thread with your stupidity. Get down off your high horse and shut up if you don't know the answers. kk007 has the same queries as mine so I am getting his help to find a summary to this system so I can catch up.

kk007, I will ask you in private message.
No longer trading forex. Looking for full time job.
  • #1,809
  • Mar 30, 2013 9:49am Mar 30, 2013 9:49am
Quoting mmaker
Is there a Myfxbook or TradeExplorer for this system? I'll like to analyze the method through understanding the average stop loss size and entry times or hour of day. Is there a pdf of guidebook as introduction for late comers? Does anyone know which post or which "page" has a rough summary for people like me who is unable to sift through the entire thread, but want to catch up on the conversations? How do I start??
++++++++++++++++++++++++++++++++

I understand your reasons for asking this question. I too prefer methods which outline specific rules and all you have to do is follow the dots.

My opinion is, this is not one of those methods. Much of what is posted here relates to a quite complex framework of various day, week & monthly levels, interspersed with times that Possibly Can be important on any given day. Some of SP's posts read differently, for me, on the 2nd, 3rd, 4th or 5th reading.

It's likely that this thread cannot be synopsized in order to create a "Dummies Guide". Reference to dummies is not intended to inflame or single out anyone. As I stated, this is merely my opinion.
Darryl
  • #1,810
  • Mar 30, 2013 10:21am Mar 30, 2013 10:21am
Quoting mmaker
Having the discipline to trade has nothing to do with wasting precious time sifting through entire threads reading unrelated posts from idiots like you. If I'm not interested I wouldn't be here asking questions. Please don't ruin a perfectly good thread with your stupidity. Get down off your high horse and shut up if you don't know the answers. kk007 has the same queries as mine so I am getting his help to find a summary to this system so I can catch up.

kk007, I will ask you in private message.
A quick summary.

I trade the daily open (I use three hours before London open you can test anything you like) The rules for this are simple I wait for at least two full fifteen minute bars not touching the open price then I fade the return to the open.

I sell the previous day high

I sell the previous week high

I buy the previous day low

I buy the previous week low

If the first trade of the day is triggered long I look long until proven otherwise. Same for short.

With the pound pairs I fade a return to the London close from the previous day

For the details on stops and targets you can refer to the converasation I have been having with icoff over the past three pages as I have been advising him on stops and targets for the EA he is coding

I trade a breakout strategy for long term growth that is outlined in post 80

I do news trades occasionally (only high impact and look for beats or misses) basically we wait for the first fifteen minute bar to form after the news comes out then trade the continuation or reversal.

I do have a myfxbook account and I have a small account that I started there to track the method. It is only a week old and I will make it public when it reaches 100 trades. I could post it now but there is no statistical signifigance to anything less than 100 trades. So far it is tracking my personal stats exactly in every area except win size vs. loss size. My personal long term stats are about 1.7/1 and the new account is only at 1.32/1. Last week was not good for me as I missed the best trades due to sleep patterns and had to chop out some counter trend stuff to get my return.

Screw it, here you go: No one will ever see my main account here as I am paranoid about hacking and theft.

https://www.myfxbook.com/portfolio/mh60l/522675

A couple of things about this:

You will see that there are some trades without stops. I am new to trading with MT4. In tradestation I have stops set automatically when I enter then I just adjust them once in. Here with MT4 I sometimes forget and assume the stop is in place. If I am in front of the computer for the duration of the trade I often just leave the original stop in place and don't adjust it as I can close manually.

I didn't get any "normal" trades in this week so the amount of trades is a little more than I like to take. I found myself scratching out a lot of quick counter trend stuff this week as I missed the best stuff on Monday by sleeping through my alarm. All the trades were entered at my levels. there are no breakouts or news trades only levels trades.
  • #1,811
  • Mar 30, 2013 10:30am Mar 30, 2013 10:30am
When viewing this take a look at the advanced stats. Click on the risk of ruin tab. This is very important. As you can see there is virtually no possibility that you can go broke trading this method and using good MM. I would have to have 24 straight losses to lose ten percent of the account and 240 consecutive losses to lose 100%. Not going to happen.
  • #1,812
  • Mar 30, 2013 10:51am Mar 30, 2013 10:51am
Thanks a lot! I've studied some of your trades and get an understanding of the exact way you are trading.

I have been on forexfactory for years, I don't know anyone who claims to be successful for a significant long period are willing to share their actual trade record.

I have been seeing people who only post their winners and hide their losers, or someone who report their performance when having a good run of winners and keep silent in other time, or someone keeps posting after-the-fact winners ... This is not meaningful in terms of honestly review how valid a method is...

I am sure I can be benefited from your selfless sharing.

Quoting Seneca pilot
A quick summary.

I trade the daily open (I use three hours before London open you can test anything you like) The rules for this are simple I wait for at least two full fifteen minute bars not touching the open price then I fade the return to the open.

I sell the previous day high

I sell the previous week high

I buy the previous day low

I buy the previous week low

If the first trade of the day is triggered long I look long until proven otherwise. Same for short.

With the pound pairs I fade a return to the London close from the previous...
  • #1,813
  • Mar 30, 2013 11:00am Mar 30, 2013 11:00am
Quoting kk007
I have been on forexfactory for years, I don't know anyone who claims to be successful for a significant long period are willing to share their actual trade record.
That's an over-statement. TPOTrader openly shares his track records on Myfxbook, http://www.myfxbook.com/members/TPOT...urnalfx/410565 with full trade history.

http://www.forexfactory.com/showthread.php?t=401187
No longer trading forex. Looking for full time job.
  • #1,814
  • Mar 30, 2013 11:02am Mar 30, 2013 11:02am
Quoting kk007
Thanks a lot! I've studied some of your trades and get an understanding of the exact way you are trading.

I have been on forexfactory for years, I don't know anyone who claims to be successful for a significant long period are willing to share their actual trade record.

I have been seeing people who only post their winners and hide their losers, or someone who report their performance when having a good run of winners and keep silent in other time, or someone keeps posting after-the-fact winners ......
I have posted plenty of losers on the thread as well. My win rate is always right around 60% so that leaves plenty of room for losing trades. My main goal is to keep the losers small and the winners bigger.
  • #1,815
  • Mar 30, 2013 11:08am Mar 30, 2013 11:08am
Quoting mmaker
That's an over-statement. TPOTrader openly shares his track records on Myfxbook, http://www.myfxbook.com/members/TPOT...urnalfx/410565 with full trade history.

http://www.forexfactory.com/showthread.php?t=401187
Yes he does. He is honest. I don't like his trading style too much but he is open and a winner so much credit to him. I trade a style that has a much smaller possibility of large draw downs. I rarely have much more than three losers in a row. My style doesn't rely on trend or chop to work, it profits in all market types although the win rate does soar in a sideways market.

My history along with open trades will be available on fxbook at all times. I will never hide the equity balance either. I believe in being transparent.
  • #1,816
  • Mar 30, 2013 11:10am Mar 30, 2013 11:10am
Quoting Seneca pilot
A quick summary.

I trade the daily open (I use three hours before London open you can test anything you like) The rules for this are simple I wait for at least two full fifteen minute bars not touching the open price then I fade the return to the open.
Dear Seneca Pilot,

I understand the word fade, but not in this trading context. Could you tell me what fading the return to the open means?

Thank you,
Ichimoku
  • #1,817
  • Mar 30, 2013 11:14am Mar 30, 2013 11:14am
Quoting kk007
Thanks a lot! I've studied some of your trades and get an understanding of the exact way you are trading.

I have been on forexfactory for years, I don't know anyone who claims to be successful for a significant long period are willing to share their actual trade record.

I have been seeing people who only post their winners and hide their losers, or someone who report their performance when having a good run of winners and keep silent in other time, or someone keeps posting after-the-fact winners ......
The trades from this first week of the tracking are not actually that representative of the complete method. I had a tough week and slept through the best entries On Monday. Most of the trades I take with the method will reach a much better RR than this past week. I had to really chop out some small counter trend wins this week as the big moves were over by the time I was able to trade. All the trades though originated at levels that I trade and were explained in the thread. As you probably know the hard part with trading is getting the exits right, knowing when you are counter trend and taking what is available instead of trying to extend profits. I did a lot of that this week. It gets easier.
  • #1,818
  • Mar 30, 2013 11:41am Mar 30, 2013 11:41am
Quoting Seneca pilot
The trades from this first week of the tracking are not actually that representative of the complete method. I had a tough week and slept through the best entries On Monday. Most of the trades I take with the method will reach a much better RR than this past week. I had to really chop out some small counter trend wins this week as the big moves were over by the time I was able to trade. All the trades though originated at levels that I trade and were explained in the thread. As you probably know the hard part with trading is getting the exits right,...
Thanks SP, I will follow for a longer time to see the difference across different period!
But, one thing I notice that you trade at any time round the clock. Look like you trade for long hours every day!

Quoting Seneca pilot
Yes he does. He is honest. I don't like his trading style too much but he is open and a winner so much credit to him. I trade a style that has a much smaller possibility of large draw downs. I rarely have much more than three losers in a row. My style doesn't rely on trend or chop to work, it profits in all market types although the win rate does soar in a sideways market.

My history along with open trades will be available on fxbook at all times. I will never hide the equity balance either. I believe in being transparent.
Not sure if he is only a signal provider, since he mentioned in the first post that no discussion of method, and his own website is selling signal.
  • #1,819
  • Mar 30, 2013 11:48am Mar 30, 2013 11:48am
Quoting kk007
Thanks SP, I will follow for a longer time to see the difference across different period!
But, one thing I notice that you trade at any time round the clock. Look like you trade for long hours every day!


Not sure if he is only a signal provider, since he mentioned in the first post that no discussion of method, and his own website is selling signal.
He is an auto trade provider. He hides open trades but his history and equity balance are public. He is one of the honest ones.
  • #1,820
  • Mar 30, 2013 11:51am Mar 30, 2013 11:51am
Quoting kk007
Thanks SP, I will follow for a longer time to see the difference across different period!
But, one thing I notice that you trade at any time round the clock. Look like you trade for long hours every day!


Not sure if he is only a signal provider, since he mentioned in the first post that no discussion of method, and his own website is selling signal.
I use price alerts and don't normally have to babysit trades too much. It isn't as bad as it looks with respect to screen time. Also this is a full time occupation for me. If I don't trade I don't make any money.
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