Third Screen Strategy - Dr. Alexander Elder

Quoting 100PipsADay

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{quote} I have 4 live accounts now with a total of over $250k. This demo account is just for visual purposes for this thread. I've been making over $10k a month since August 2012. Last month I cleared $30k... Trust me, I'm not "wasting" my time doing anything except for sharing this with people for free! However, I do enjoy helping others so I don't really consider it a waste of time...

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Quoting 100PipsADay

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{quote} I have 4 live accounts now with a total of over $250k. This demo account is just for visual purposes for this thread. I've been making over $10k a month since August 2012. Last month I cleared $30k... Trust me, I'm not "wasting" my time doing anything except for sharing this with people for free! However, I do enjoy helping others so I don't really consider it a waste of time...

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Quoting ymleong

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{quote} WoooooooooooooooooooW...... 100pips can u share w us the stats in terms of pairs, pips, dd, settings of no of trades, lot size per $10K of acct? I think I am abt going mad, my demo on 3ss is now abt 700+pips, what a ride 100pips, what a ride. And I had like micro lots on most profitable pairs. I dont wanna to waste my $ on pairs that dont perform well with this EA, so had used it on most profitable based on trade report on 1st post here for 3ss. Right now, I am totally auto it, save me some sleep and I dont get all panda eyes

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Quoting WardStradlat

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{quote} Thank a lot for that, 100PipsADay I'm using this strategy since May 29th, trading 6 pairs : EURAUD, GBPAUD, AUDJPY, AUDUSD, EURJPY and CADJPY with 0.1 lot and 160 SL 320 TP. I increased my account : € 3,000 in two weeks and discover that I'm not a scalper but a swing trader. Thanks again for your help

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Quoting shum

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Hi to all! Wtf, I was change my acount today, from demo to live! And the D1 ema EA show me buy signals on NZDUSD,NZDJPY,AUDJPY,AUDCAD,,AUD USD And ea open a longs on my live acount on this pairs!!I desable ea, close manualy all this trades, then change the templates with third screen strategy, and, now this EA show me sell sIgnals on EUROAUD,EUROCAD, GBPUSD,EURJPY! WHAY?!!!

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Quoting 100PipsADay

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{quote} You probably loaded the EA onto the MT4 BEFORE you updated your charts giving you a bunch of false signals!!!! Make sure all of your charts on all time frames are updated before Enabling Expert Advisors on your MT4. Especially when trading a live account. I am almost positive that this is what you did... You see, a brokerage firms Live server is different then their Demo server meaning that you didn't have updated time frames for the live account as you were using the demo account for the past weeks / months.

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Quoting shum

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{quote} I was think about that, and update the charts, but signal dont changes, meaby I shud open new chart without EA, update it, and then put the EA on the charts?

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Quoting 100PipsADay

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{quote} Great work WardStradlat! ​ I'm glad you are also making money with this strategy, it feels good doesn't it?

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Quoting 100PipsADay

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{quote} Just disable the Expert Advisors for all pairs with the MT4 tab. Then load all of your time frames for all pairs. Then enable the Expert Advisors. This should work... If you want to be safe though maybe you should reload all new charts without EA, update time frames, and then upload EA into each individual pair.

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Quoting WardStradlat

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{quote} Thank you. It feels good, you're right. Especially as it is less stressful than a scalping system high leverage, tight stop, and glued on m1 charts . However, do you think that if the system becomes too popular, the Wall Street robots will be able to bypass it ? Or is this just paranoia ?

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Quoting 100PipsADay

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{quote} No this would never happen... Daily trends are daily trends, we are just riding the waves as best as possible. Remember, this strategy will have its fair share of losses but in the long run, we will remain profitable especially if proper money management is used. I wouldn't worry about that happening!

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Quoting WardStradlat

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{quote} OK, thank a lot for your answers. I'm a little paranoid sometimes . I need to change.

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Quoting 100PipsADay

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1st Attachment - Recently Closed Positions 2nd Attachment - Current Open Positions 3rd Attachment - Current Balance & Equity As you can see I've had a CAD/JPY trade hit it's Stop Loss, one GBP/AUD buy position has hit its Take Profit target, and I have one new AUD/JPY sell position opened up. Overall progress, basically FLAT... {image} {image} {image}

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Quoting 100PipsADay

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{quote} Tok, I wanted to point out what has happened only 3 hours later... I WAS down about 100 pips in the red, however, after remaining patient I am now in the green by a little more than 500 pips only 3 hours later! I'm now up roughly 10% floating equity with this little $5k Live Test... This really is too easy. We follow the rules, put a stop loss and take profit, then WAIT until either one is hit. Nothing more! {image} {image}

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Quoting 100PipsADay

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{quote} LOL No problem!

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Quoting ymleong

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{quote} Its just incredible, no words to describe. My demo is also $5k with 400:1 leverage and I set such that its a total of 2 std lots if all pairs are opened at same time. So eg audjpy I had 8 trades for this pair, so each trade is 0.04lots ONLY. I had 600+pips and the day is not even over and done with. Since I live half way across the globe, trying to do manual intervention is almost sure to make me look like Panda (u know with black eye bags)?? 100pips, pls share w me your live TS settings. I have set to NO ts, and EA is smart to close trades...

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Quoting mrhb30jr

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{quote} Hi 100PipsAday & Erebus Thank you for sharing TSS and your explanation about the method that would be helping the people in trading market including me too , " I hear and I forget, I see and I remember, I try and I understand" .... here is my entry result that i was entry on 10.06.2013, i just take Short of the JPY currency base on the rule of TSS, to day when i open my PC that i have found the green pips on my screen (micro account of lite forex) .... thank you sirs..... cheers {image}

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Quoting 100PipsADay

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{quote} I NEVER USE TRAILING STOP no matter what. Only occasionally do I close trades early... Just wait for SL or TP to get hit, then reassess situation with that pair. Simple as that. I do not recommend using trailing stop.

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Quote

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As we know, the 20 ema as a magnet which attracts price. Outside forces greater than the power of the magnet (buyers or sellers) pull prices away from the magnet. As price pulls away from the magnet, it takes the 20 ema with it but at a slower and lagging rate. The price reaches a certain point beyond the 20 ema where the 20 ema invokes its elastic limit and pulls prices back in line.

If you take the time to study each pair going back as far as your data allows, you will find that there is, for each pair, a certain number of pips that price...