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D1 - 20 EMA & 50 EMA

  • #361
  • May 17, 2013 12:56pm May 17, 2013 12:56pm
Hi traders,l would like to thank 100pips a day,l have been using this system for three days and made more that 1000 pips manual trading.l will start using the EA next week so far so good.thank you for sharing.see the attached pic.
Attached Image (click to enlarge)
Click to Enlarge Name: 100pips sytem.jpg Size: 766 KB
Watch me trade Live on YouTube
  • #362
  • May 17, 2013 1:25pm May 17, 2013 1:25pm
Quoting jicssbr
Never mind, I figured it out and it's correct. Each pip is worth a dime in a mini account with the EA lot size set to .1. Thanks 100PipsADay. Nice system...to say the least. =)
Correct. Just keep in mind that this EA can potentially open A LOT of positions, so you need to position size accordingly to avoid a margin call. If you want to use the same risk as 100Pips, on a mini account you will want to use lot sizes of .01 lots for each $1,000 in your account. Resist the urge to increase your per-trade lot size too high, or you may regret it later.

Scott
Prices are never too high to begin buying or too low to begin selling.
  • #363
  • May 17, 2013 1:26pm May 17, 2013 1:26pm
Wow, that's nice SunnyM. How do you set this up in Forex Factory?
  • #364
  • May 17, 2013 1:30pm May 17, 2013 1:30pm
TheHenryFam, Yes, excellent point about lot sizes. I have my mini account set at .05 so each pip is worth a nickle USD. I had set it at .1 but got to thinking about the EA's potential to open numerous trades per pair and changed it. I may reduce .05 to .01. Or, I may decide to trade the system manually with less trades per pair.
  • #365
  • May 17, 2013 2:08pm May 17, 2013 2:08pm
Have a nice weekend, all. See you monday.
Always try just one more time...
  • #366
  • May 17, 2013 2:35pm May 17, 2013 2:35pm
Now over 700 pips in the last 2.5 days in my demo account. The most the account has dropped is about 200 pips but that was after being up over 600 pips at the time so the EA is doing well so far.
  • #367
  • May 17, 2013 3:43pm May 17, 2013 3:43pm
I also ran on demo for about 22 Hours and sold all trades for about 539 pips
  • #368
  • May 17, 2013 3:56pm May 17, 2013 3:56pm
Hi Guys can you help,
I have loaded the Ea on all charts and the only thing I have changed is the lot size.
I have noticed it has a trailing stop of 100 pips, one of my pairs are in profit of 110 pips but the trailing stop has not kicked in. anyone else have this problem or does anybody know how to sove it.

Cheers
Making money is easy,losing money is easier
  • #369
  • May 17, 2013 4:11pm May 17, 2013 4:11pm
Quoting jinchu
Hi 100, Great system you have here and thank you for sharing. I also went and read your Three Screen Strategy..... I see that both systems are alike, and the difference is the way you describe trend in the daily tf. on the three screeen strategy you use MACD to define uptrend and on the 20-50 you use emas in daily tf from my short period of observation, it seems like MACD is doing a better job in defining trend in the daily tf and therefore providing a better entry in h1 tf in your opinion, which strategy is better? I am sorry if this is OOT, I...
I personally like the MACD a little more, however, I'm starting to like this system a little more each day

Almost 20,000 pips in the first 3 weeks!
  • #370
  • May 17, 2013 4:13pm May 17, 2013 4:13pm
Quoting superbushero
Hi all, Quick question. Does this system base trades off of the daily charts or hourly charts? Thanks
Please read through the entire thread before asking these kinds of questions. If you can't read the first post of this thread then you have no business asking questions about this system.
  • #371
  • May 17, 2013 4:16pm May 17, 2013 4:16pm
Quoting davidtrader
hi, thanks {image}
It means that H1 is not in over sold territory so no positions will open up. When you see the Yellow X it means that criteria is not met to open new trades. Bottom arrow / x is for H1 and the top arrow / x is for the Daily.

If there is only one big Yellow X then that means that price is trapped between bot the EMA's so no positions will open up until price breaks out.
  • #372
  • May 17, 2013 4:17pm May 17, 2013 4:17pm
Quoting 100PipsADay
{quote} I personally like the MACD a little more, however, I'm starting to like this system a little more each day Almost 20,000 pips in the first 3 weeks!
Been a crazy ride for sure (in a good way), especially when you consider most of the backtests showed all of the last 12 months netting around 40,000 pips total. Just goes to prove that you never know. It will be interesting to see what happens once some of these strong trends start to reverse. Do you have your eyes on shutting down any pairs anytime soon due to PASR? Congrats again on a nice system...

Scott
Prices are never too high to begin buying or too low to begin selling.
  • #373
  • May 17, 2013 4:18pm May 17, 2013 4:18pm
Quoting jicssbr
USDJPY hit a large monthly chart resistance barrier. The JPY pairs are taking some drawdown in the EA.
This would all depend on one's entry point...

I've got JPY cross pairs that are 200-300 pips in profit at the moment
  • #374
  • May 17, 2013 4:18pm May 17, 2013 4:18pm
Quoting Stompe
Hi Guys can you help, I have loaded the Ea on all charts and the only thing I have changed is the lot size. I have noticed it has a trailing stop of 100 pips, one of my pairs are in profit of 110 pips but the trailing stop has not kicked in. anyone else have this problem or does anybody know how to sove it. Cheers
This method doesn't utilize trailing stops.

Scott
Prices are never too high to begin buying or too low to begin selling.
  • #375
  • May 17, 2013 4:19pm May 17, 2013 4:19pm
Quoting Afarensis
Beautiful EA..Trailing stop is working??
You can enable trailing stop if you want, I personally don't use trailing stops.
  • #376
  • May 17, 2013 4:23pm May 17, 2013 4:23pm
Quoting jicssbr
TheHenryFam, Yes, excellent point about lot sizes. I have my mini account set at .05 so each pip is worth a nickle USD. I had set it at .1 but got to thinking about the EA's potential to open numerous trades per pair and changed it. I may reduce .05 to .01. Or, I may decide to trade the system manually with less trades per pair.
Remember you can change Max Positions per pair in the EA settings.
  • #377
  • May 17, 2013 4:24pm May 17, 2013 4:24pm
Ok

Thanks guys I understand, I saw it in the EA and thought it was a safty thing so we did not loose all the profit if it reversed badly.

Making money is easy,losing money is easier
  • #378
  • May 17, 2013 4:27pm May 17, 2013 4:27pm
Quoting thehenryfam
{quote} Been a crazy ride for sure (in a good way), especially when you consider most of the backtests showed all of the last 12 months netting around 40,000 pips total. Just goes to prove that you never know. It will be interesting to see what happens once some of these strong trends start to reverse. Do you have your eyes on shutting down any pairs anytime soon due to PASR? Congrats again on a nice system... Scott
I have disabled the EA on quite a few pairs. However, I left it going for all of the JPY pairs as we are still trending. Fundamentally there is no reason that JPY will strengthen in the coming months.

*I'll post up my projections when we have hit the "bottom" or at least hopefully somewhere close... It's definitely dangerous trying to pick tops/bottoms but I don't mind disabling the EA and waiting patiently for a clear trend reversal.
  • #379
  • May 17, 2013 4:46pm May 17, 2013 4:46pm
Quoting 100PipsADay
{quote} Remember you can change Max Positions per pair in the EA settings.
Yes, I saw the "Max Positions" in the EA's Properties, thank you 100PipADay. Always appreciate a "heads-up." It's funny, I catch myself wanting all of the pips this system can generate and just three days ago I was wondering if I'd ever make 100 pips a week trading. A 1000 pips in one week? Imagine that. Nice system 100PipsADay. Really appreciate you sharing it.
  • #380
  • May 17, 2013 4:51pm May 17, 2013 4:51pm
Really thankful for this forum. I've had severe migraines and other health issues for about 50 years now. I'm appealing a disability denial decision and waiting to talk to an attorney about all of it. I can't even convey how blessed I am to have found this forum and system. Thanks to 100PipsADay and to all who contribute. I follow along as my headaches allow. Just nice to have some hope that trading may work out for me and my family. Have a nice weekend...
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