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Daytrading/scalping with high leverage - my proven strategy

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  • #2,821
  • Apr 21, 2013 7:18am Apr 21, 2013 7:18am
Quoting dnabrasil
ok my friends, i'd like to leave you with some thoughts for the weekend.... you know i like to do calculations: to lower our risk as much as possible, we could take into consideration to not use the stop loss, well, we won't enter every moment in the market, we have to follow Fav's beautiful sytem, but we could consider our stop our account, BUT we use as a stop 500, yes f-i-v-e-h-u-n-d-r-e-d !! pips, so: if i have a 1000 $ account i divide it by 500---- 1000/500=2 our $/pips will be 2, lot size 0.2 well, now you have to do ONLY 18, yes e-i-g-h-t-e-e-n,...
-i suggest you to trade demo for a year
demo is...
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Money is made by sitting, not trading. Jesse L. Livermore
  • #2,822
  • Apr 21, 2013 9:20am Apr 21, 2013 9:20am
Quoting killerno
Hi Favorite, thanks for the answer. I dont really know how the TMA indicator works, but I am thinking the same way as you. For example the M15 200ema is about the same value as an H1 50ema ( 200 * 15min/60min = 50). But I dont know this works same in TMA indicator or not. Gonna play with it
You could use the TMA True ind instead for your backtesting, which shows the true value of the ind as it was at the time.
Search in FF and you'll find it.
  • #2,823
  • Apr 21, 2013 9:31am Apr 21, 2013 9:31am
If you want to learn something about TMA then this thread is interesting

http://www.forex-tsd.com/metatrader-...erage-tma.html
  • #2,824
  • Apr 21, 2013 9:45am Apr 21, 2013 9:45am
Quoting tonimg
Has anyone tried to do partial exits?
Hola Toni, yo no uso cierres parciales, pero si ejecuto mas de una orden cuando hago mi entrada al mercado, en general 2 o 3... la primer orden la cierro en el cambio de sentido de la HullMa (o Babon como le dicen aqui); la segunda orden trato de que llegue a la TMA de 5M (gracias a este foro, antes no lo hacia asi) y la tercer orden la dejo en BE despues del primer pullback para ver como reacciona el mercado, mas de una vez he logrado mejores beneficios con la tercer orden que con las otras dos.

Obviamente todo esta relacionado con tu forma de hacer trading y tu capacidad para manejar mas de una orden en simultaneo (yo me ayudo con una EA).

Espero te sea de utilidad.

Saludos, Bernardo.
  • #2,825
  • Apr 21, 2013 11:21am Apr 21, 2013 11:21am
Guys, some time ago I heard the following... at a time a group of traders decided to do an experiment with 50 people who had never done trading. They instructed them and gave them a proven trading system where the only thing they had to do is follow strict rules (similar to that was said here by Favorite). At the end of the experiment, only 4% had a positive account. The only difference between the 4% and 96% is that the first followed the rules strictly.

I really do not know if it was real or not, but I'm sure that reflects our interaction with the market. We can read and participate in hundreds of courses, but eventually we, in front of our monitor, are who managed certain of conclusions determine if going long or short.
Still within the 96% for me the most important is to find MY sense to market (obviously using everything learned), for once solved this have a trading plan. Once reached this step you can interact with other traders and compare experiences. So, or you are within 4% and follow the rules strictly of a system or is inside 96% and finds its your way to "see" the market.

I hope I explained right and that makes sense to any of you.

Regards, Bernardo.
  • #2,826
  • Apr 21, 2013 1:30pm Apr 21, 2013 1:30pm
Quoting tonimg
if I need more I will start with Lance Beggs books ((if Favourite has not finished the pictures summary!!))
tonimg, I think I'll finish the pictures summary by Tuesday, as I promised. But reading the Lance Beggs books is still a good idea, maybe you should try to find these books in Spanish.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,827
  • Apr 21, 2013 1:32pm Apr 21, 2013 1:32pm
Quoting ber_tdf
Guys, some time ago I heard the following... at a time a group of traders decided to do an experiment with 50 people who had never done trading. They instructed them and gave them a proven trading system where the only thing they had to do is follow strict rules (similar to that was said here by Favorite). At the end of the experiment, only 4% had a positive account. The only difference between the 4% and 96% is that the first followed the rules strictly.
That's a very good point!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,828
  • Apr 21, 2013 2:39pm Apr 21, 2013 2:39pm
Quoting ber_tdf
Hola Toni, yo no uso cierres parciales, pero si ejecuto mas de una orden cuando hago mi entrada al mercado, en general 2 o 3... la primer orden la cierro en el cambio de sentido de la HullMa (o Babon como le dicen aqui); la segunda orden trato de que llegue a la TMA de 5M (gracias a este foro, antes no lo hacia asi) y la tercer orden la dejo en BE despues del primer pullback para ver como reacciona el mercado, mas de una vez he logrado mejores beneficios con la tercer orden que con las otras dos. Obviamente todo esta relacionado con tu forma de...
Hola ber tdf,
yo al igual que tonimg, me veo muy limitado con el inglés .

¿podría haber una oportunidad, que tradujeras el PDF, con todas las reglas ?.

Yo personalmente, te estaría muy agradecido

Un saludo.

traslation:

I like toming, I am very limited with English: embarrass.

Could there be a chance for the PDF translation, with all the rules?.

Me personally, I would be very grateful
  • #2,829
  • Apr 21, 2013 2:54pm Apr 21, 2013 2:54pm
Quoting Favorite
That's a very good point!
Favorite, you know that I mean, but being more specific about this thread... Favorite has been repeated over and over that Babon-B is the first step of his system (now replaced by Babon-H1) and that with this you have a general idea about the pair, then, you have to take the decision to enter into the market in 1M TF with Babon-A.
I see that some of you "justify" your market entry with Babon-A only, then I wonder, are following the system at 100% ? are within 4% or 96% ? because entering the market in 1M TF following only the rules of Babon-A can be quite risky because ALL the time is going to see signs that justify an entry and this is dangerous. Under the new rules published by Favorite, you have 12 steps before reaching Babon-A !

I have already mentioned that the only thing that I share with this system is the entry system (my market analysis comes from 15M charts with some EMA's) but I find important to emphasize for those who follow that, or take the Favorite package at 100% or can take only part, but without forgetting that must replace the 12 previous steps to your own system.

Regards, Bernardo.
  • #2,830
  • Apr 21, 2013 3:21pm Apr 21, 2013 3:21pm
Quoting ber_tdf
Favorite, you know that I mean, but being more specific about this thread... Favorite has been repeated over and over that Babon-B is the first step of his system (now replaced by Babon-H1) and that with this you have a general idea about the pair, then, you have to take the decision to enter into the market in 1M TF with Babon-A. I see that some of you "justify" your market entry with Babon-A only, then I wonder, are following the system at 100% ? are within 4% or 96% ? because entering the market in 1M TF following only the rules of Babon-A...
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,831
  • Apr 21, 2013 3:36pm Apr 21, 2013 3:36pm
DNA, congratulations!

We have 400,000 views!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,832
  • Apr 21, 2013 3:55pm Apr 21, 2013 3:55pm
Quoting chaveznqoos
Hola ber tdf, yo al igual que tonimg, me veo muy limitado con el inglés . ¿podría haber una oportunidad, que tradujeras el PDF, con todas las reglas ?. Yo personalmente, te estaría muy agradecido Un saludo. traslation: I like toming, I am very limited with English: embarrass. Could there be a chance for the PDF translation, with all the rules?. Me personally, I would be very grateful
Hola Mr. Chavez, primero que nada que linda es Madrid !!!!... sobre lo que me pregunta lo voy a pensar, la verdad es que no uso el sistema de Favorite (como lo he mencionado antes) con lo cual traducir un sistema que no uso (excepto una pequeña parte) puede ser de bastante trabajo. Lo pienso estos dias y le comento.

Favorite, if I accept the defiance of translating the PDF to Spanish, I'll probably need your help... are you willing to evacuate any doubt with the translation ?

P.D.: seria bueno saber si hay mas de algun otro interesado en una version en castellano !

Saludos, Bernardo.
  • #2,833
  • Apr 21, 2013 4:21pm Apr 21, 2013 4:21pm
Quoting ber_tdf
Favorite, if I accept the defiance of translating the PDF to Spanish, I'll probably need your help... are you willing to evacuate any doubt with the translation ?
Bernardo, if you decide to translate Babon system into Spanish, you'll have to translate the final version of the system - post 2326, page 156:
http://www.forexfactory.com/showthre...29#post6609629

It is a very big job, and if you take it I would be glad to answer any of your questions via PM, but unfortunately I don't speak Spanish at all, so I won't be able to validate or to approve the translation, all I can do is to answer the technical questions, so to speak.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,834
  • Apr 21, 2013 5:06pm Apr 21, 2013 5:06pm
Quoting Favorite
DNA, congratulations! We have 400,000 views!
Congratulations guys but I am not surprised as you are demonstrating an interesting money management system alongside a very very good trading system here.

On Friday I started trading my own strategy but with DNA's money management risking 1% per pip and had a great day eventually doubling my account from just 7 trades!!!

If anyones interested I have started a trade explorer to see how it goes over the coming weeks, http://www.forexfactory.com/clivepackham#08.

Should be fun to see how long I last or whether it blows up within the week or not.
Feel the Fear and do it anyway!!!
  • #2,835
  • Apr 21, 2013 8:01pm Apr 21, 2013 8:01pm
Quoting Favorite
{quote} No, not exactly! I don't lock the pair, I lock the price! If I have a lock for EurJpy and I see a good EurJpy entry I just enter and I operate as though there is no lock at all. When I see an excellent entry that I believe can help me to unlock the lock, then I unlock the lock.
Hey Fav,

Do you have an EA to lock after a lose of 15 pips?

Thanks
  • #2,836
  • Apr 22, 2013 1:30am Apr 22, 2013 1:30am
Buy +8 Buy +10 Sell +12

Red line is entry and green is exit!

Im up 170% so far using this system thanks guys!
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  • #2,837
  • Apr 22, 2013 1:35am Apr 22, 2013 1:35am
Great Week, green pips and max fun to all!
Look like a girl, act like a lady, think like a man and work like a dog.
  • #2,838
  • Apr 22, 2013 1:50am Apr 22, 2013 1:50am
Quoting dvanderlinde
Buy +8 Buy +10 Sell +12 Red line is entry and green is exit! Im up 170% so far using this system thanks guys!
i don't think this is according to the rules "no sell above the Ichimoku cloud " ?
  • #2,839
  • Apr 22, 2013 1:51am Apr 22, 2013 1:51am
Quoting dvanderlinde
Buy +8 Buy +10 Sell +12 Red line is entry and green is exit! Im up 170% so far using this system thanks guys! {image}
Hi

What was your entry setup for your last trade ? Short +12 pips
  • #2,840
  • Apr 22, 2013 1:54am Apr 22, 2013 1:54am
hi dvanderlinde, why the third entry ?

Quoting dvanderlinde
Buy +8 Buy +10 Sell +12 Red line is entry and green is exit! Im up 170% so far using this system thanks guys! {image}
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