Third Screen Strategy - Dr. Alexander Elder | Page 46 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Substitute for screen time? 5 replies

Alexander Elder's Channel 4 replies

Elder-Rays 3 replies

Attachments: Third Screen Strategy - Dr. Alexander Elder
Exit Attachments

Third Screen Strategy - Dr. Alexander Elder

  • #901
  • May 31, 2013 4:11am May 31, 2013 4:11am
Quoting shum
One question, what tf we need to put EA to work fine? If I activate EA and look to daily screen, it will work with wiliams% on h1? or we put the EA on H1, and let it work& and dont change the screen to another TF?
Hi Shum,
Unlike other EA, this EA works on any time frame. The EA works as per the forum's strategy no matter what time frame it is.

Regards,
Khaled
KISS - Keep It Simple Smart !!!!
  • #902
  • May 31, 2013 4:15am May 31, 2013 4:15am
Quoting sio bel
very good trading , i have had problems/difficulty in loading the EA. I receive a blank screen with the message that "" the computer does not support this file."" Has anyone got any knowledge of this and a solution please.?? I would be grateful thank you..S
You need to be more specific -

Is this error message in Windows OS?

If so, then you have not even got to applying the EA to a MT4 chart, in which case -

Have you ever used any EA on MT4 up until now?

If not, please go to Youtube and / or Google to take some lessons on putting the EA file in the correct folder.

Thanks, E.
It takes a lot for me to IGNORE you, but you can try.
  • #903
  • May 31, 2013 4:23am May 31, 2013 4:23am
Quoting shum
{quote} ok tnx Elder junior this strategy an d1ema work greate {image}
LOL
  • #904
  • May 31, 2013 4:45am May 31, 2013 4:45am
Quoting shum
{quote} ok tnx Elder junior this strategy an d1ema work greate {image}
I didn't find Like button here .. .. . .
KISS - Keep It Simple Smart !!!!
  • #905
  • May 31, 2013 5:13am May 31, 2013 5:13am
I want to say, that I m read this book Trading for Living, in just 5 days. Thank wou 100pipsaday for all what you doing and give as, in this book I foundet all respons of all my questions about trading.. I lern a lot from this book!
Personality i use one more indicator for manualy trading of this strategy, and its name force index, and I used, like how Alexander say in the book, on D1, with index (2).
And its work for me very well.
  • #906
  • May 31, 2013 5:26am May 31, 2013 5:26am
I dont understund 100pipsaday, you use this strategy for live acount, but made 20,500 pips with D1 - 20 EMA & 50 EMA strategy...Ok for me the last its work fine, now I put this 3 screen strategy in work, for what I dont now
  • #907
  • May 31, 2013 5:51am May 31, 2013 5:51am
Quoting khaled_ctg
{quote} ... 2. No need to load the MACD3SS file on the chart. Just place it /expert/indicators folder. 3. You should use MACD_adjustable on your chart (if you wish to see MACD on your chart) as per this Third Screen Strategy rules. ... Regards, Khaled
Thank you Khaled and 100Pips. My charts have been changed to reflect these instructions.
  • #908
  • May 31, 2013 5:55am May 31, 2013 5:55am
Quoting shum
I dont understund 100pipsaday, you use this strategy for live acount, but made 20,500 pips with D1 - 20 EMA & 50 EMA strategy...Ok for me the last its work fine, now I put this 3 screen strategy in work, for what I dont now

I'm confused by your question...

The D1 20 EMA & 50 EMA strategy is a new strategy I'm testing out, so far so good but I'm not ready to start trading large amounts of my hard earned money with it quite yet. As for this strategy, it is proven and profitable so I stick with it.
  • #909
  • May 31, 2013 5:56am May 31, 2013 5:56am
Quoting khaled_ctg
{quote} Hi Shum, Unlike other EA, this EA works on any time frame. The EA works as per the forum's strategy no matter what time frame it is. Regards, Khaled
Hello Khaled,100PipsADay,

many thanks for your nice work, appreciate it very much...!

Please allow another question: Does the EA also work on H1 MACD (instead of D1) and M15/5 W%R (instead of H1) for intraday trading? I know actually it is designed for swing trading. For that it works fine!

Thx for your kind reply...

MT jdva
I never lose - either I win or I learn...
  • #910
  • May 31, 2013 6:15am May 31, 2013 6:15am
Quoting 100PipsADay
{quote} I'm confused by your question... The D1 20 EMA & 50 EMA strategy is a new strategy I'm testing out, so far so good but I'm not ready to start trading large amounts of my hard earned money with it quite yet. As for this strategy, it is proven and profitable so I stick with it.
ok, if I understand corectly, for your live acount you use the EA of this strategy? or you trade manualy?
  • #911
  • May 31, 2013 6:20am May 31, 2013 6:20am
Thank you once again 100pips and khaled_ctg.

Everyone, I have added Third Screen EA to my FxBook. You can now follow both systems here,

http://www.myfxbook.com/members/rtn0...--50ema/573560

http://www.myfxbook.com/members/rtn0...-screen/590057

D1 20ema & 50ema system is having good morning:
Attached Image (click to enlarge)
Click to Enlarge Name: 20ema50ema.png Size: 88 KB

Attached Image (click to enlarge)
Click to Enlarge Name: thirdscreen.png Size: 64 KB
  • #912
  • Edited 7:07am May 31, 2013 6:45am | Edited 7:07am
Quoting 100PipsADay
{quote} You can also just save your EA settings as a preset template and load it up for each pair... There wasn't really a need to develop or program anything but if you want to spend your time doing that it's fine with me.

I don not understand what you mean here. Are you referring to the trades of the EA ?
I understand that in that case the EA sets the SL and TP. But in case you are trading manually, you have to also set manually the SL and TP . For those situations "Script_SLTP" is intended.

By the way : Do I have to set up the thirdscreenstrategy_EA in every chart per pair that I want to trade or is it enough to install the EA only once in one chart. In other words : does the EA handle all pairs or only the screen pair ?

Another question : Is it necessary to attach the thirdscreen EA to a specific timeframe or is any timeframe OK ?
However, I attach the EA at the moment to the daily timeframe as this seems the best choice.
  • #913
  • May 31, 2013 6:52am May 31, 2013 6:52am
Quoting rexio
{quote} I don not understand what you mean here. Are you referring to the trades of the EA ? I understand that in that case the EA sets the SL and TP. But in case you are trading manually, you have to also set manually the SL and TP . For those situations, that script is intended. By the way : Do I have to set up the thirdscreenstrategy_EA in every chart per pair that I want to trade or is it enough to install the EA only once in one chart. IN other words : does the EA handle all pairs or only the screen pair ?
Only the screen pair!, but you save teplates of this pair, then put this template on over pairs.
  • #914
  • May 31, 2013 8:03am May 31, 2013 8:03am
Quoting 100PipsADay
{quote} I'm also short AUD/JPY, CAD/JPY and NZD/JPY. Got a new CAD/JPY short position not too long ago. I personally don't wait for H1 candle to close as I would miss out on a LOT of opportunities but if you choose to do so that is up to you.
Yeah CAD/JPY drops 1000 pips down,as well as other JPY pairs.That was really good.
  • #915
  • May 31, 2013 9:31am May 31, 2013 9:31am
hi 100PipsADay,

what I do not understand: you mentioned somewhere that you traded this strategy with an EA with nearly no human intervention - what is the difference to the new one posted here?

just curious

thanks

Quoting 100PipsADay
Up over 1,000 pips in the past 48 hours. So far this EA is doing exactly as I had hoped. Simple & Powerful swing trading strategy.
Money is important, Love is essential.
  • #916
  • May 31, 2013 10:27am May 31, 2013 10:27am
Quoting Ati Baia
hi 100PipsADay, what I do not understand: you mentioned somewhere that you traded this strategy with an EA with nearly no human intervention - what is the difference to the new one posted here? just curious thanks {quote}
That is another EA in another thread. It is not the same as this strategy.
  • #917
  • May 31, 2013 1:58pm May 31, 2013 1:58pm
Yesterday was my first time trying this strategy out and I must say I am beyond impressed with the results and the ease of use. I did glance at the weekly chart before I checked the Daily and 1H charts. I made 5 trades yesterday. I didnt even let them hit TP or SL. I closed them manually. I closed them because I am only trading a $200 USD account and I realized I was on the threshold of a margin call had the trades gone bad. Silly mistake by me but still.....

I netted 543 pips and in under 12 hours. Could not have woken up to a better result. I had to go to work so I missed a few other entries but that's ok. I did manage to open one more entry this afternoon that is already 40 pips in the positive.

So my first day trading I managed to make $60 with only a $200 account trading the smallest lot size (0.01/10 cents a pip). Not a bad way to start the weekend. And I must also solidify that most of the questions people have are answered in the thread. I read the whole thread once (skimmed over the EA stuff because I generally dont like EAs) and had awesome results.

Thanks again. I will try to post some charts and actual results from the broker next week.
  • #918
  • May 31, 2013 2:20pm May 31, 2013 2:20pm
hi
i see many people here are trading GBPAUD , so i wanted to ask your views on this pair , well it had a good run this month , now do u guys see a potential for a reversal , i mean 1.5882 is a strong resistance and has held it so many times , well i went short on this pair when the price was on 1.5400 and now i am almost 500 pips negative , help me guys i dont know what to do cos i cant think of anything ,
  • #919
  • May 31, 2013 2:25pm May 31, 2013 2:25pm
Quoting fani
hi i see many people here are trading GBPAUD , so i wanted to ask your views on this pair , well it had a good run this month , now do u guys see a potential for a reversal , i mean 1.5882 is a strong resistance and has held it so many times , well i went short on this pair when the price was on 1.5400 and now i am almost 500 pips negative , help me guys i dont know what to do cos i cant think of anything ,

This is a Trend Strategy. Not a "try to pick the top and don't use a stop loss type of strategy"

If you can't follow system rules and parameters then you shouldn't be asking questions like this.

Also, you say you can't think of anything, well I can! How about you read through the entire thread and learn how to utilize this strategy. Don't come in here talking about your open positions that are 500 pips in the red and asking for help...
  • #920
  • May 31, 2013 2:29pm May 31, 2013 2:29pm
relax mate , i was just asking for some help , if u don't wana help then don't but dont speak like this n i just searched for GBPAUD analysis and found link to this thread so i asked ,
just asking for your opinion thats all
3 traders viewing now