Third Screen Strategy - Dr. Alexander Elder | Page 64 | Forex Factory

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Third Screen Strategy - Dr. Alexander Elder

  • #1,261
  • Jun 7, 2013 2:40pm Jun 7, 2013 2:40pm
Quoting 100PipsADay
{quote} Attached is my top 10 favorite pairs to trade with the trend strategies. I also like trading GBP/NZD and have experienced excellent results but not EUR/NZD so much... All 10 pairs are currently disabled with the EA after such a nice run up in pips and % so I will wait the next few days / weeks out until I see fit. {image}
Yep primarily: JPY, AUD

Anyway: the result statistic so far is excellent:

Attached Image (click to enlarge)
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Money is important, Love is essential.
  • #1,262
  • Jun 7, 2013 4:17pm Jun 7, 2013 4:17pm
I have recently installed this system on my MT4 including 100Pips Template and the EA is loaded, but I am not showing the orange arrows on the EA active portion in the top right.

Was this maybe an update where they took it out or have I possibly installed it wrong? Apologies if this was previously addressed I did not see it.
  • #1,263
  • Jun 7, 2013 5:09pm Jun 7, 2013 5:09pm
Hi 100pips,

I notice from your trade explorer that all current AUD/USD trades are SELLs but for the past several days, D1 MACD is up (blue) so, in my case, all of my current Aussie trades are BUYs. Did you stop trading the Aussie when it retraced recently? If you did, what was the reason and what would be the deciding factor for you to trade the Aussie again?

Thanks in advance.
  • #1,264
  • Jun 7, 2013 8:29pm Jun 7, 2013 8:29pm
Quoting pip miner
is this a good setup? D1 MACD is bearish and the H1 williams % in OB, should this be safe sell on AUDJPY or the best is in when the D1 MACD has just crossed, or wait for some form of good retrace before sell? Hope not too many questions? Good trading
Yes, it meets the criteria, but it was Friday, NFP Friday in fact, most everybody is exit any trades, I closed all my trades down to re-evaluate EA settings, etc. over the weekend, yes, even the demos take some hard work



And please, clean up those charts, my eyes are hurting, I don't know how you can find a trade in there?

When posting, zoom in a bit so everyone can see clearly, and use some Chart Shift

Here is how it would look if I posted those same 2 charts, start voting now people!

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It takes a lot for me to IGNORE you, but you can try.
  • #1,265
  • Jun 8, 2013 4:26am Jun 8, 2013 4:26am
This stuff sounds to good to be true. I'll demo it for a while and see what happens.

However, i'll have to downscale on positions and pairs to limit risk.
Im thining about max 3 positions 12 hours apart and those pairs: EU, AU - U/Y, N/Y - E/Aud, G/Nzd. Would this be a good mix to start out with?
Thoughts are things
  • #1,266
  • Jun 8, 2013 11:42pm Jun 8, 2013 11:42pm
Quoting MKFXTrader
{quote} Pip, Any changes to this preferred list of pairs you trade? Besides being on the sidelines with G/A, are there any other changes? Also, have you experience trading EUR/NZD or GBP/NZD? Thx pip.
Hi, when I click on the trade report, I got this in order of gain%

GBPAud
GBPnzd
euraud
audjpy
audusd
eurnzd

This is found on the 1st page of the post. Pls share with my your strategy for TS and lot allocation.
  • #1,267
  • Jun 8, 2013 11:55pm Jun 8, 2013 11:55pm
Quoting 100PipsADay
Over 8,000 pips in 2 weeks!!!! Guys, do you really think we still need to be making changes or "fine tuning" the system available at hand? Or maybe should we all start applying this strategy to our live accounts in order to generate more income? 2 Options: 1) Let's program more options into the EA, make more changes, and bounce ideas back and forth 2) Take this already proven and profitable strategy and apply it to our live accounts and MAKE MONEY! I don't know about you folks but I like option 2 a little more... Trade it or don't, the choice...

I just started, and I want only ONE improvement, instead of fixed lot size, please consider include % of acct/equity. This is so we can grow our accts as it goes. eg I can always set 2% of equity to gbpaud and as my equity gets higher, lot sizes opened would be higher. Rather that keep changing ea's fix lot sizes

Otherwise, go ahead, we are ready for your fants EA! 100pips, pls share w me your TS settings and lot size settings. From your trade report these are the most profitable pairs (in accordance to gain% and pips)
Ggpaud, 10.9%
gbpnzd, 9.7%
euraud, 9.1%
audjpy, 7.2%
audusd, eurnzd, 7.2%

Also pls share whats your sl, tp settings for xauusd, ws30 and wti respectively. Thanks a lot in advance. My friend intro this system to me and i just got it setup on sat morning, (yesterday) so will be running it over 60days to see how it handles trades. Any info u wanted to share or think impt to let me know, pls email me directly, coz its a tad difficult to read posts here, you have too many "admirers" and too many posts
  • #1,268
  • Jun 9, 2013 12:04am Jun 9, 2013 12:04am
Quoting Erebus
Here is all the charting you need to trade this system MACD on Daily chart Williams % Range on 1 Hour chart Add on the EA of your choice, save as Template, apply to all traded pairs I also have a price indicator and bar clock I will post these and a Template if anyone likes a black chart Go to the dark side {image} {image} {image} {file} {file} {file} {file} {file}
Hi Erebus,

Thank you for your great effort and selflessness to share your own personal indicators. Pls let me know where I shld copy those indicators (mt4/experts/indicators or mt4/experts/template)??
  • #1,269
  • Jun 9, 2013 1:33am Jun 9, 2013 1:33am
Quoting ymleong
{quote} Hi Erebus, Thank you for your great effort and selflessness to share your own personal indicators. Pls let me know where I shld copy those indicators (mt4/experts/indicators or mt4/experts/template)??
The top of list goes in Templates - it ends with " .tpl "

The other 4 are Indicators

You still need to decide which EA to use, that goes direct in Experts folder

Regards, E.

It takes a lot for me to IGNORE you, but you can try.
  • #1,270
  • Jun 9, 2013 2:16am Jun 9, 2013 2:16am
Quoting Erebus
{quote} The top of list goes in Templates - it ends with " .tpl " The other 4 are Indicators You still need to decide which EA to use, that goes direct in Experts folder Regards, E.
Huh?! There are 2 EA? The one I am attaching to the chart was the 20/50 EMA, the list of files u have given is for another EA? I thought there are indicators which u have given a screenshot to show how the template together with the indicators will look. There's also a screen shot of the indicators in the indicator settings

Oh I C, these are indicators

P4L CandleTime.ex4
Magnified Market Price_TRO_MOD.ex4
I either use these or use their mq4 equivalent, the ex4 is the compiled version right?

This is the template
!!!!!!!!_third_screen_strategy_.tpl

And this is an EA to alert of setup
William's Percentage Range Alert.mq4

this EA the william's percentage does not trade right? It just gives an alert for the right setup for manual trading purposes? I can stick to 1hr or daily chart upto my choice?
  • #1,271
  • Jun 9, 2013 2:31am Jun 9, 2013 2:31am
Quoting ymleong
{quote} Huh?! There are 2 EA? The one I am attaching to the chart was the 20/50 EMA, the list of files u have given is for another EA? I thought there are indicators which u have given a screenshot to show how the template together with the indicators will look. There's also a screen shot of the indicators in the indicator settings Oh I C, these are indicators P4L CandleTime.ex4 Magnified Market Price_TRO_MOD.ex4 I either use these or use their mq4 equivalent, the ex4 is the compiled version right? This is the template !!!!!!!!_third_screen_strategy_.tpl...
Now one of us is thoroughly confused!

Yes, there are a few EA's in this thread but only 1 of them is from 100_pips - use that one = no confusion

I believe the name of the latest, best version, is the one I am using " Third Screen Strategy - D1 MACD "

There is no 20 / 50 EMA used for Third Screen / MACD method

Williams % Range in the Indicator in the lower window on the 1 Hour chart only - it does not trade

Don't worry about ex4 or mq4 - just put them in the folders, shutdown & restart MT4 or just start it up if not running, they will be there

Good luck
It takes a lot for me to IGNORE you, but you can try.
  • #1,272
  • Jun 9, 2013 2:50am Jun 9, 2013 2:50am
Quoting Erebus
{quote} Now one of us is thoroughly confused! Yes, there are a few EA's in this thread but only 1 of them is from 100_pips - use that one = no confusion I believe the name of the latest, best version, is the one I am using " Third Screen Strategy - D1 MACD " There is no 20 / 50 EMA used for Third Screen / MACD method Williams % Range in the Indicator in the lower window on the 1 Hour chart only - it does not trade Don't worry about ex4 or mq4 - just put them in the folders, shutdown & restart MT4 or just start it up if not running, they will be...
Erebus , Just set up Trade Explorer , Its awesome , Thanks , Yes i'm using D1-MACD only and all working and notice no bugs at all , Maybe good broker , Enjoy Sunny Day ,
  • #1,273
  • Jun 9, 2013 2:51am Jun 9, 2013 2:51am
Quoting Erebus
{quote} Now one of us is thoroughly confused! Yes, there are a few EA's in this thread but only 1 of them is from 100_pips - use that one = no confusion I believe the name of the latest, best version, is the one I am using " Third Screen Strategy - D1 MACD " There is no 20 / 50 EMA used for Third Screen / MACD method Williams % Range in the Indicator in the lower window on the 1 Hour chart only - it does not trade Don't worry about ex4 or mq4 - just put them in the folders, shutdown & restart MT4 or just start it up if not running, they will be...
Thanks again, Erebus, the EA I have downloaded is this one
D1 20 EMA & 50 EMA.ex4
The template is this one
100pipsaday.tpl

PS: If i got this confused also, pls let me whats correct? being a new member and only abt one day "old" is tough when 100pips has got like a few 1000 posts by now. I swear I was on page 52 or so just yesterday and its now like page 64. Wonder whether 100pips even got enough time to read posts. I would have gone mad this way.

As 100pips said thats no need for tpl and indicators, just the EA and stick it to D1 chart and it will work on its own. My friend told me he stick it to 1hr and also do manual trading using the indicators given by 100pips together with the tpl.

Ah, I saw someone posting your "ranking" with the results, care to share your EA and methodology? Just direct me to the relevant linkage will do. My friend told me that he will go route around as he knows someone using this method like getting 700+% gain and will get his suggestion for the "fine" tuning.

I totally agree with 100pips why go complicate a system that works so well, and we are not talking abt scalping, coz scalping EA tends to work well in demo (due to less turbulence and slippage) but dont perform in live. 100pips have kindly share his huge success using this system that gives 100+pips and thats all we asked for. As for my earlier suggestion of risk% of equity, I can always used a "cheat" method. Stick the EA into a demo acct 123, use foc MTi trade copier and set those risks via MTi trade copier there and viola! its trading using risk%! NEAT!
  • #1,274
  • Jun 9, 2013 4:23am Jun 9, 2013 4:23am
Quoting ymleong
{quote} Thanks again, Erebus, the EA I have downloaded is this one D1 20 EMA & 50 EMA.ex4 The template is this one 100pipsaday.tpl PS: If i got this confused also, pls let me whats correct? being a new member and only abt one day "old" is tough when 100pips has got like a few 1000 posts by now. I swear I was on page 52 or so just yesterday and its now like page 64. Wonder whether 100pips even got enough time to read posts. I would have gone mad this way. As 100pips said thats no need for tpl and indicators, just the EA and stick it to D1 chart...
The EA attached in Post # 1 is as shown below

I see it uploaded today, and only 1 download, so I wonder if there is an update ?

As you like
Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #1,275
  • Edited 8:18am Jun 9, 2013 7:51am | Edited 8:18am
Hi all, first thank 100pips & khaled & all others who have contributed their work in this thread.
http://www.forexfactory.com/attachme...7&d=1370367406

I made the ea backtest listed above and gives me an error in the tab 'journal:


"2013.06.08 23:08:57 2013.06.06 23:59 Third Screen Strategy - D1 MACD_2 AUDJPY, Daily: first for iMAOnArray indicator parameter must be an array".

this line many times!!!!!!!.


I apologize if this has already been answered, only to cooperate.

Lordorly
  • #1,276
  • Jun 9, 2013 8:19am Jun 9, 2013 8:19am
Quoting Erebus
{quote} The EA attached in Post # 1 is as shown below I see it uploaded today, and only 1 download, so I wonder if there is an update ? As you like {image}
Thanks again Erebus, got it. Ok now, I finally understand why u said there are 2 EA's. The 3rd screen strategy EA and the 20/50ema EA. Whats our results like, could you share your trade history? (I saw the leaderboard that someone posted, I dont know from where, coz I dont find it in this forum). Any settings specific? Aside from sticking it to a chart (any chart), (I read the pdf, so installation wise its not an issue). Setup I mentioned include pairs that perform best, their SL/TP (any need to change default), TS, etc?

Sorry if I am being annoying, but looks like u may have to expand on the "user" guide. The guide was dated 5/Jun/2013, so its quite recent. Although trade report via this forum is great but lacks a detailed trade history like on myfxbook. It would be great if 100pips and yourself have posted this to myfxbook as well. Then basically I got 2 great EA's and FREE!
  • #1,277
  • Edited 11:22am Jun 9, 2013 8:27am | Edited 11:22am
I've set up a new trade explorer demo with my personal settings. It will run continuous for the next 30 days starting tomorrow, without any manual input. Just have EA take trades on pairs I choose based on my weekly/daily bias analysis, and let's see how things go after 30 days . GL next week everyone.
  • #1,278
  • Jun 9, 2013 3:08pm Jun 9, 2013 3:08pm
100pips, what do you think of us incorporating other pairs into the EA that have started/are trending well (USDCAD, AUDCHF)?
  • #1,279
  • Jun 9, 2013 3:21pm Jun 9, 2013 3:21pm
Quoting Tok
100pips, what do you think of us incorporating other pairs into the EA that have started/are trending well (USDCAD, AUDCHF)?
There's nothing wrong with trading other pairs such as USD/CAD, EUR/GBP, or even AUD/CHF. However, I personally don't like those particular pairs...

USD/CAD, EUR/GBP, and even AUD/NZD all have very low ATR. This means that we don't get much movement. If you trade those pairs you might want to cut your SL and TP targets in half...

As for AUD/CHF it is almost like trading EUR/AUD and since I personally do well with EUR/AUD I just stick with what I know best and works well.

Feel free to apply this strategy to other pairs until you find what works for you.
  • #1,280
  • Jun 9, 2013 3:22pm Jun 9, 2013 3:22pm
Quoting 100PipsADay
{quote} There's nothing wrong with trading other pairs such as USD/CAD, EUR/GBP, or even AUD/CHF. However, I personally don't like those particular pairs... USD/CAD, EUR/GBP, and even AUD/NZD all have very low ATR. This means that we don't get much movement. If you trade those pairs you might want to cut your SL and TP targets in half... As for AUD/CHF it is almost like trading EUR/AUD and since I personally do well with EUR/AUD I just stick with what I know best and works well. Feel free to apply this strategy to other pairs until you find what...
Very insightful post as always! thank you.
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