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Daytrading/scalping with high leverage - my proven strategy

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  • #2,301
  • Apr 16, 2013 6:59am Apr 16, 2013 6:59am
Quoting Simonik
sorry condor, today is hard day to me recovering from one bad trade...this pending scripts... i will try tonight
I had the same problem due to a lock, that's why i made my own template.
My name is Martin... Martin Gale
  • #2,302
  • Apr 16, 2013 7:07am Apr 16, 2013 7:07am
Quoting artem_t
That's ok! You will find all the rules here and description of two patterns also by Favorite here and here. As for that example ot DNA's trade - I can't be sure, but I think he simply decided to close the trade when he saw that price started to move in another direction. SL of 100 or 200 pips doesn't mean that...
Thank You . You have done a lot of work to post the charts from DNA Trades. What I have seen on your charts , that DNA took trades that are not according to the rules that Favorite posted ! My opinion is , to proof a system you must have exact rules for entry or exit . You must have taken a minimum of 40 trades to have a reliable statistical result . Only DNA has posted his long term result . His system make sens.
Regards , sk2
  • #2,303
  • Apr 16, 2013 7:08am Apr 16, 2013 7:08am
Quoting aduarte
Hello, Just to post the results of the day. EJ: 32, 28, 19 EU: 20, 20, 5, 3 Total: 117 From Frankfurt open to London. I am at work so I can only have a look at the charts sometimes. Regards António {image}{image}{image}
thank you for sharing - amazing results!
  • #2,304
  • Apr 16, 2013 7:10am Apr 16, 2013 7:10am
Hi everybody!

I'm sorry for disappearing for so long, but I'm trying to finish my Babon-summary post.

But I can see that the thread is thriving, people post their trades, everybody happy, all the questions got answered - good for you!

I think I'll finish my work in 2-3 hours and then I'll post Babon-summary.

Igor, thank you so very much for Monomah-2!

Simonik, I wish you luck, I'm sure you'll fix the problem successfully. Was it a bad Babon trade? Maybe you could post it?



I'll be back in 2-3 hours!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,305
  • Apr 16, 2013 7:19am Apr 16, 2013 7:19am
Quoting tonny47
getting a bit tired of this sh@t, lol could take 12 pips but stopped out at BE. wanted couple more pips. if i only took 10-12 pips on each trade, i would be up about 40-50 pips for today instead of 18. not sure if Fav would take this trade sine it occured after tma1 beyond tma5 pattern. {image}
Hi Tonny, note that in 90% of cases there is always a pullback happens in the next M15 candle. If you enter at the top or bottom is likely that such a pullback touch your entry point, so if you goes to BE quickly hit your stoploss.... in these cases what I am doing, if I am convinced about the validity of the entry, is up the stoploss to reduce the loss if the operation is against me without placing in BE after the M15 candle is developed.

In the case of your first entry maybe the level 127,185 would have been a good place to put the initial stoploss.

PS: you have clear these entries do not seem to be valid with Favorite system ?

Regards, Bernardo.
  • #2,306
  • Apr 16, 2013 7:38am Apr 16, 2013 7:38am
Quoting ber_tdf
Hi Tonny, note that in 90% of cases there is always a pullback happens in the next M15 candle. If you enter at the top or bottom is likely that such a pullback touch your entry point, so if you goes to BE quickly hit your stoploss.... in these cases what I am doing, if I am convinced about the validity of the entry, is up the stoploss to reduce the loss if the operation is against me without placing in BE after the M15 candle is developed. In the case of your first entry maybe the level 127,185 would have been a good place to put the initial...
thanks Bernardo, the 15 min candle idea sounds good.

why do you say that trades dont seem to be valid with Favorite's rules? First one would be tma1 below tma5 pattern. the second one was just continuation of the trend (lower highs, lower lows, below ichi...). Or am I doing anything wrong?
  • #2,307
  • Apr 16, 2013 7:38am Apr 16, 2013 7:38am
got another 10 pips on TMA1over TMA5 pattern! so far 45 pips!
Attached Image (click to enlarge)
Click to Enlarge Name: yyy.JPG Size: 154 KB
  • #2,308
  • Apr 16, 2013 7:42am Apr 16, 2013 7:42am
Quoting Favorite
Hi everybody! I'm sorry for disappearing for so long, but I'm trying to finish my Babon-summary post. But I can see that the thread is thriving, people post their trades, everybody happy, all the questions got answered - good for you! I think I'll finish my work in 2-3 hours and then I'll post Babon-summary. Igor, thank you so very much for Monomah-2! Simonik, I wish you luck, I'm sure you'll fix the problem successfully. Was it a bad Babon trade? Maybe you could post it? I'll be back in 2-3 hours!
  • #2,309
  • Apr 16, 2013 7:47am Apr 16, 2013 7:47am
Quoting sk2
Thank You . You have done a lot of work to post the charts from DNA Trades. What I have seen on your charts , that DNA took trades that are not according to the rules that Favorite posted ! My opinion is , to proof a system you must have exact rules for entry or exit . You must have taken a minimum of 40 trades to have a reliable statistical result . Only DNA has posted his long term result . His system make sens. Regards , sk2
You're welcome! I'm glad it was useful for at least one person.
You are absolutely right about breaking the rules now and then - if you check the post #1952, you will see that DNA has mentioned it. But it was not some another system - it was still "Babon" with personal interpretation of PA by DNA (what each of us is doing while trading any system, imho). What I think is really important of what I personally saw in his trades is that even with so aggressive money management you still have the right to make mistakes. The drawdown was up to about 40 pips in some trades, and it even reached about 90 pips or so because of BOJ member's interview (force majeure circumstances). But despite this the result after 4 days of trading was around 900% gain. Many traders lose their accounts even with 1-2% risk per trade and they can only dream of a 50% gain or less per week (I don't even mention 900% lol). So I think aggressive MM like DNA uses is risky, but it is worth the risk if you understand what you're doing.
I'm sorry if my thoughts is not interesting for you, but this thread is not about a system(s) (despite the fact that Favorite and few other participants gave us really nice one) - it's mostly about money management.

Best regards,
Artem
Let's go with the flow
  • #2,310
  • Apr 16, 2013 7:55am Apr 16, 2013 7:55am
got some lucky entry at the top of the move tma1 over tma5. out with 20 pips.
think i am done for today with 86 pips, hope its not because its `easy` day to trade.
thanks Fav!
Attached Image
  • #2,311
  • Apr 16, 2013 7:58am Apr 16, 2013 7:58am
Quoting tonny47
got some lucky entry at the top of the move tma1 over tma5. out with 20 pips. think i am done for today with 86 pips, hope its not because its `easy` day to trade. thank Fav! {image}
Really nice trade (especially given that it's CT)
Let's go with the flow
  • #2,312
  • Apr 16, 2013 8:34am Apr 16, 2013 8:34am
Looking forward to your summary, anyway as I suppose you have bigger experience with trading E/Y I have to ask you which broker do you use?
I use Oanda, but it has low leverage for this style of trading and spreads went higher then they use to be.
Was thinking about Armada markets, but read today many complains about big spikes and slippages...
  • #2,313
  • Apr 16, 2013 8:49am Apr 16, 2013 8:49am
Quoting tonny47
thanks Bernardo, the 15 min candle idea sounds good. why do you say that trades dont seem to be valid with Favorite's rules? First one would be tma1 below tma5 pattern. the second one was just continuation of the trend (lower highs, lower lows, below ichi...). Or am I doing anything wrong?
Hi Tonny, was a comment from first sight... I did not see the TMA M1 in your image and so I thought it was not right. Maybe when Favorite are least busy could take some light on this situation, but if your analysis was that the TMA M1 it's below TMA M5 maybe this not a good idea to think go short after that pattern.

I saw your last entry of 20 pips... it was easier to you waiting for the pullback ?

Regards, Bernardo.
  • #2,314
  • Apr 16, 2013 8:50am Apr 16, 2013 8:50am
hey Colombino, i know your question was aimed at Fav but i have some food for thought for you

http://www.myfxbook.com/forex-broker-spreads


Quoting colombino
Looking forward to your summary, anyway as I suppose you have bigger experience with trading E/Y I have to ask you which broker do you use? I use Oanda, but it has low leverage for this style of trading and spreads went higher then they use to be. Was thinking about Armada markets, but read today many complains about big spikes and slippages...
  • #2,315
  • Apr 16, 2013 8:53am Apr 16, 2013 8:53am
Quoting colombino
Looking forward to your summary, anyway as I suppose you have bigger experience with trading E/Y I have to ask you which broker do you use? I use Oanda, but it has low leverage for this style of trading and spreads went higher then they use to be. Was thinking about Armada markets, but read today many complains about big spikes and slippages...
Hi Colombino, I use FXOpen ECN with an EURJPY spread around 0.6/0.8 in normal market conditions, and I seen that DNA uses Pepperstone.

Regards, Bernardo.
  • #2,316
  • Apr 16, 2013 8:55am Apr 16, 2013 8:55am
Quoting ber_tdf
Hi Tonny, was a comment from first sight... I did not see the TMA M1 in your image and so I thought it was not right. Maybe when Favorite are least busy could take some light on this situation, but if your analysis was that the TMA M1 it's below TMA M5 maybe this not a good idea to think go short after that pattern. I saw your last entry of 20 pips... it was easier to you waiting for the pullback ? Regards, Bernardo.
i think i posted first trade few posts before that which also shows tma1. the second one, i dont think Fav would take because as you pointed out, happened after tma1 above tma5 pattern.

the last entry was a bit of luck as i said, i would enter it at worse price. i wasnt looking at chart 10 min prior to my entry and when i looked i saw tma1 above tma5 so i took it. would get out with 10 pips but since my entry was much higher then where i was supposed enter i decided to squeeze more.
  • #2,317
  • Apr 16, 2013 8:56am Apr 16, 2013 8:56am
how much do you pay comission buddy?

Quoting ber_tdf
Hi Colombino, I use FXOpen ECN with an EURJPY spread around 0.6/0.8 in normal market conditions, and I seen that DNA uses Pepperstone. Regards, Bernardo.
  • #2,318
  • Apr 16, 2013 9:17am Apr 16, 2013 9:17am
Guys, I'm very sorry, but I have the same weird thing that I had a couple of days ago - when I click "Upload From Computer", I get to the FF's home page.

My summary is not only the text, I have to upload 17 pictures, 3 templates and 4 indicators.So I think I have to wait until I'll be able to attach files.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,319
  • Apr 16, 2013 9:20am Apr 16, 2013 9:20am
Quoting Favorite
Guys, I'm very sorry, but I have the same weird thing that I had a couple of days ago - when I click "Upload From Computer", I get to the FF's home page. My summary is not only the text, I have to upload 17 pictures, 3 templates and 4 indicators.So I think I have to wait until I'll be able to attach files.
pmed you my emial, so i can try to attach
  • #2,320
  • Apr 16, 2013 9:26am Apr 16, 2013 9:26am
Thanks for hints guys, already got som PMs, so I will check these brokers out.


Quoting Favorite
Guys, I'm very sorry, but I have the same weird thing that I had a couple of days ago - when I click "Upload From Computer", I get to the FF's home page. My summary is not only the text, I have to upload 17 pictures, 3 templates and 4 indicators.So I think I have to wait until I'll be able to attach files.
Maybe some size limit? How about to uploud it to any filesharing server?
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