Third Screen Strategy - Dr. Alexander Elder | Page 49 | Forex Factory

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Third Screen Strategy - Dr. Alexander Elder

  • #961
  • Jun 2, 2013 11:40pm Jun 2, 2013 11:40pm
Quoting terminator12
{image} Traders , Just asking Yellow cross means not ready and waiting for signal ?
Yes, as you can see on your chart, the Daily MACD id above zero line, now change to 1 Hour chart to check the W%R

Don't worry, the EA doesn't mind if you change time frames, in fact, probably a good thing to keep them fresh

It takes a lot for me to IGNORE you, but you can try.
  • #962
  • Jun 3, 2013 12:05am Jun 3, 2013 12:05am
I'm having trouble syncing the demo account to the FF trade explorer. Not sure what's going on but I'll try and link it back to this thread in the very near future.
  • #963
  • Jun 3, 2013 12:28am Jun 3, 2013 12:28am
Quoting Erebus
{quote} Yes, as you can see on your chart, the Daily MACD id above zero line, now change to 1 Hour chart to check the W%R Don't worry, the EA doesn't mind if you change time frames, in fact, probably a good thing to keep them fresh
Erebus , Ok D1 suggest buy and H1 suggest sell , Thanks ,
  • #964
  • Jun 3, 2013 12:56am Jun 3, 2013 12:56am
goodmorning all

thanks for the system is very good till now ( 1 week try)
question
the same pair (with the same -lot- position -delay hours -sl/tp) but different broker gives different results
its logic or i do something wrong ?
  • #965
  • Jun 3, 2013 1:17am Jun 3, 2013 1:17am
Quoting dimdel
goodmorning all thanks for the system is very good till now ( 1 week try) question the same pair (with the same -lot- position -delay hours -sl/tp) but different broker gives different results its logic or i do something wrong ?

This is probably due to different server times with brokers as that will cause a slight difference in D1 MACD. Don't worry about it though in the long run...
  • #966
  • Jun 3, 2013 1:32am Jun 3, 2013 1:32am
ok thanks
  • #967
  • Jun 3, 2013 1:57am Jun 3, 2013 1:57am
100pips and Erebus , Please tell me , For u which one works better D1 MACD or D1 20EMA&50EMA or both are the same , I like to use only one E A , Malcolm ,
  • #968
  • Jun 3, 2013 1:57am Jun 3, 2013 1:57am
Quoting dimdel
goodmorning all thanks for the system is very good till now ( 1 week try) question the same pair (with the same -lot- position -delay hours -sl/tp) but different broker gives different results its logic or i do something wrong ?
I'm losing today too. Today, the system is failing me.

Markets seem to be not trending well.
  • #969
  • Jun 3, 2013 2:23am Jun 3, 2013 2:23am
Quoting normtold
100pips, Back in post 378 when Khaled asked you to pick the top 9 pairs for this straegy you posted, "I would have to say in order from BEST to WORST it would have to be: 1) EUR/AUD 2) AUD/JPY 3) GBP/AUD 4) EUR/CAD 5) CAD/JPY 6) NZD/JPY 7) EUR/JPY 8) EUR/USD 9) AUD/NZD 10) NZD/USD 11) AUD/USD 12) GBP/USD" How many pairs do you currently use this strategy on? I know you mentioned dropping AUD/NZD and GBP/USD.
I trade all of the above mentioned pairs plus USD/JPY and GBP/NZD. Sometimes I trade GBP/JPY but not quite as often, it is a little too volatile at times. I do trade AUD/NZD also but it is a little slower therefore it is not one of my favorites, however, I do trade it and it has been a profitable pair.
  • #970
  • Jun 3, 2013 2:25am Jun 3, 2013 2:25am
Quoting terminator12
100pips and Erebus , Please tell me , For u which one works better D1 MACD or D1 20EMA&50EMA or both are the same , I like to use only one E A , Malcolm ,

I use this strategy for my live accounts and it is definitely proven and profitable. The other strategy, D1 20 EMA & 50 EMA, is still in "beta" mode and is being forward tested as we speak. I wouldn't put any live money on it yet but it has definitely got my attention!

Stick with this strategy if trading real money!
  • #971
  • Jun 3, 2013 2:27am Jun 3, 2013 2:27am
Quoting Tok
{quote} I'm losing today too. Today, the system is failing me. Markets seem to be not trending well.

This is not a "day trading" strategy, positions are typically held for a few days and even a few weeks. This style of trading needs to be assessed every few months, not every few hours or few days...

If you're looking for more action I'm sure there are scalping or day trading methods that can give you what you need.

By the way, if you started using this strategy just last week I can't really think of any positions that could have hit a 160 SL yet therefore I can't really agree with you that this system is "losing."
  • #972
  • Jun 3, 2013 2:28am Jun 3, 2013 2:28am
Quoting Godwin Igili
Khaled and 100PipsADay. Awesome work on the Third Screen Strategy and EA. Just finished reading the thread the 2nd time. Thanks for the simple system To Khaled, do you use the same setting as 100PipsADay for SL and TP on the pairs your are trading and what are your favourite pairs? And are you using only the EA for the trades shown in your demo? Godwin
Hi Godwin,
I am testing another EA in my Trade Explorer with SL 160 and TP 280. But the Strategy is almost same with this thread. I'd like to use SL & TP which one I feel comfort.

Have a nice day!!!

Regards,
Khaled
KISS - Keep It Simple Smart !!!!
  • #973
  • Jun 3, 2013 2:28am Jun 3, 2013 2:28am
Quoting 100PipsADay
{quote} I use this strategy for my live accounts and it is definitely proven and profitable. The other strategy, D1 20 EMA & 50 EMA, is still in "beta" mode and is being forward tested as we speak. I wouldn't put any live money on it yet but it has definitely got my attention! Stick with this strategy if trading real money!
100pips I'm glad i pick the right one and will stay with it , Thanks
  • #974
  • Jun 3, 2013 2:29am Jun 3, 2013 2:29am
Quoting 100PipsADay
{quote} I use this strategy for my live accounts and it is definitely proven and profitable. The other strategy, D1 20 EMA & 50 EMA, is still in "beta" mode and is being forward tested as we speak. I wouldn't put any live money on it yet but it has definitely got my attention! Stick with this strategy if trading real money!
The core Strategy of this Strategy !!!!
KISS - Keep It Simple Smart !!!!
  • #975
  • Jun 3, 2013 2:59am Jun 3, 2013 2:59am
Quoting kokopelli
{quote} Aye aye el capitan...will provide feedback on this because my demo account is U.S. save a profile...messing around without saving it...and when I open it again, I just want the older version of what I had saved before...not the new version that I had messed around with (but had not saved). I hope you understand my explanation...can you help me?

I save my profiles with 'backup' names. In that way I always have the original profile . This in case I 'destroyed' the current one on screen.
  • #976
  • Jun 3, 2013 3:17am Jun 3, 2013 3:17am
Tks 100pip, khaled_ctg, erebus and others ...

I'm newbie & very interested with this strategy & other thread D1 20 EMA & 50 EMA.

I read these thread for 2 weeks ago and still study from pro traders here and very happy when 100pip and khaled put the effort to developing one EA for this strategy and sharing with us.

tks again

p/s: @ 100pip, could you give your outlook the market on this week to manual trade by this strategy?
  • #977
  • Jun 3, 2013 3:24am Jun 3, 2013 3:24am
Quoting Tok
{quote} I'm losing today too. Today, the system is failing me. Markets seem to be not trending well.
We all are, but wait for Europe to open, or USA or maybe next week will be better



Trading is not a sprint; it’s boxing. The market will beat you up, screw with your head, and do anything it can to defeat you.

But when the bell sounds at the end of the twelfth round, you must be standing in the ring in order to win.

Go read a book, try "The Way of the TURTLE"

It takes a lot for me to IGNORE you, but you can try.
  • #978
  • Jun 3, 2013 3:31am Jun 3, 2013 3:31am
Quoting 100PipsADay
{quote} This is not a "day trading" strategy, positions are typically held for a few days and even a few weeks. This style of trading needs to be assessed every few months, not every few hours or few days... If you're looking for more action I'm sure there are scalping or day trading methods that can give you what you need. By the way, if you started using this strategy just last week I can't really think of any positions that could have hit a 160 SL yet therefore I can't really agree with you that this system is "losing."

I'm so confused.

I've had multiple positions hit SL and even more hit TP of 320.

I must be unintentionally doing something different regarding SL and TP parameters ?

I am setting 160 points and 320 points as my SL and TP. It seems like you and I are doing something quite different here, haha.

I am literally going through 20+ new trades a day. All of them hitting 320 TP or 160 SL.

Anyway, my positions just picked up, and have started doing well again. Whatever I have been doing this past week, it seems to have been working well, and so well, In fact, that I've thought we've been using the same parameters?

Forgive me for any ignorance this post may show. I am literally at a loss as to what I am doing, that is allowing me to close so many trades (at TP and SL, respectively), each day, when the method is suppose to have trades open for weeks!
  • #979
  • Jun 3, 2013 3:34am Jun 3, 2013 3:34am
Im not losing today , for me it is a good monday

http://i.pixs.ru/storage/6/0/1/xauus...92_8118601.png
  • #980
  • Jun 3, 2013 3:36am Jun 3, 2013 3:36am
Quoting shum
Im not losing today , for me it is a good monday {image}
Excellent my friend!
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