Third Screen Strategy - Dr. Alexander Elder | Page 74 | Forex Factory

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Third Screen Strategy - Dr. Alexander Elder

  • #1,461
  • Jun 12, 2013 4:48am Jun 12, 2013 4:48am
Quoting 100PipsADay
{quote} Go the the "5k Live Test" so that you can see recommended settings of a $5k account. I don't have statistics for a $10k account to share... I recommend you follow this $5k live account. 4 pairs with 4 max positions trading 10k lot sizes should be ok for a $5k account. Anything more than that and you risk large draw downs.
Hi Mr. HP,

Could you pls. give me link of 5K live test. Is it in a post or different thread?

Tks in advance.

MB
  • #1,462
  • Jun 12, 2013 6:13am Jun 12, 2013 6:13am
Hi Mr. 100Pip,

How exactly does the Trade Explorer on top of this page work ? Is it by means of the EA or manually ?

Because for EURAUD I got yesterday 3 trades by means of the EA ( 2* buy at 1.4097 and 1 * buy at 1.4034) and
Trade Explorer gives one only at 1.3967. That is an even much better price.

The 2 trades at 1.4097 just hit the stoploss of -200 pips in the moment of writing this.

Was the EA switched off temporarily for EURAUD in the Trade Explorer ?
  • #1,463
  • Jun 12, 2013 6:28am Jun 12, 2013 6:28am
Looks like AUD and NZD pairs playing out as I had alerted yesterday. My advice is to look at the daily close each day for signs in PA. Hope everyone is doing well. GL
  • #1,464
  • Jun 12, 2013 6:50am Jun 12, 2013 6:50am
Yes, Aus/Usd daily MACD blue now, if it closes that way I will be enabling the EA for longs tomorrow.


Gbp/Aud and Eur/Aud D1 MACD still blue so waiting to see how things develop before I enable the EA.
  • #1,465
  • Jun 12, 2013 7:01am Jun 12, 2013 7:01am
Quoting Mohsen-b
{quote} Hi Mr. HP, Could you pls. give me link of 5K live test. Is it in a post or different thread? Tks in advance. MB
Read from this post forward

http://www.forexfactory.com/showthre...76#post6740976

It takes a lot for me to IGNORE you, but you can try.
  • #1,466
  • Jun 12, 2013 7:02am Jun 12, 2013 7:02am
Quoting rexio
Hi Mr. 100Pip, How exactly does the Trade Explorer on top of this page work ? Is it by means of the EA or manually ? Because for EURAUD I got yesterday 3 trades by means of the EA ( 2* buy at 1.4097 and 1 * buy at 1.4034) and Trade Explorer gives one only at 1.3967. That is an even much better price. The 2 trades at 1.4097 just hit the stoploss of -200 pips in the moment of writing this. Was the EA switched off temporarily for EURAUD in the Trade Explorer ?
Read this post

http://www.forexfactory.com/showthre...76#post6740976

Sheesh, breasts are getting sore nips

It takes a lot for me to IGNORE you, but you can try.
  • #1,467
  • Jun 12, 2013 7:11am Jun 12, 2013 7:11am
Quoting Erebus
{quote} Read this post http://www.forexfactory.com/showthre...76#post6740976 Sheesh, breasts are getting sore nips
  • #1,468
  • Jun 12, 2013 8:11am Jun 12, 2013 8:11am
Quoting Erebus
{quote} Read this post http://www.forexfactory.com/showthre...76#post6740976 Sheesh, breasts are getting sore nips
Hi Erebus,

I read that mr. 100Pip choose it to be a hybrid system, as mentioned in post #1300 on page 65. Then, I read in post #1308 :

"With my current bullish view on AUD/USD I believe we may be at the top of the trading range for EUR/AUD. Therefore I plan on waiting for D1 MACD to cross over to the down side then I will enable the EA again for this particular pair.".


If this is correct, the EA should have been switched off all the time since June 10. The macd has not yet crossed to the downside since then. However, we got a trade in the Trade Explorer :

eur/aud buy 1.3967 Jun 11, 2013 22:11
  • #1,469
  • Jun 12, 2013 8:43am Jun 12, 2013 8:43am
Quoting rexio
{quote} Hi Erebus, I read that mr. 100Pip choose it to be a hybrid system, as mentioned in post #1300 on page 65. Then, I read in post #1308 : "With my current bullish view on AUD/USD I believe we may be at the top of the trading range for EUR/AUD. Therefore I plan on waiting for D1 MACD to cross over to the down side then I will enable the EA again for this particular pair.". If this is correct, the EA should have been switched off all the time since June 10. The macd has not yet crossed to the downside since then. However, we got a trade in...
I can't answer for Mr 100_pips

Maybe this trade slipped past him

In the end, you have to have to do your own chart analysis

And take your own trades as per your plan

He is not offering a signal service here

You only have to look at charts like the EUR-AUD to realize

"Hey, maybe I missed most of that spectacular move, it is due for retracement, is it going to continue after that or start a new trend down?"

How you analyze the price action will determine if you are profitable or not.

Good night
It takes a lot for me to IGNORE you, but you can try.
  • #1,470
  • Jun 12, 2013 10:27am Jun 12, 2013 10:27am
I had 7 pairs open 5 hours ago. All deep in the red.

I decided to go to sleep, and practice patience, trusting the strategy to do its thing.

I come back................GREEN. GREEN EVERYWHERE.

  • #1,471
  • Jun 12, 2013 10:30am Jun 12, 2013 10:30am
Quoting Tok
I had 7 pairs open 5 hours ago. All deep in the red. I decided to go to sleep, and practice patience, trusting the strategy to do its thing. I come back................GREEN. GREEN EVERYWHERE.
Really you did it Tok .

Great
KISS - Keep It Simple Smart !!!!
  • #1,472
  • Jun 12, 2013 10:37am Jun 12, 2013 10:37am
hi
Tok
maybe is better to sleep?
  • #1,473
  • Jun 12, 2013 10:40am Jun 12, 2013 10:40am
Quoting dimdel
hi Tok maybe is better to sleep?
Yes. I think it may be better to just leave it and go do other things from now on.
  • #1,474
  • Jun 12, 2013 10:47am Jun 12, 2013 10:47am
I have Buy Gbp/aud,Buy Eur/Aud,Buy Gbp/Nzd ,Sell Aud/usd,Sell Nzd/Usd these pairs are open some are in greens and some are in red...if i stick with the strategy ,hope atlast i will get green pips.

@tok ,Do you have all those trade opens?
  • #1,475
  • Jun 12, 2013 10:52am Jun 12, 2013 10:52am
Quoting Tok
{quote} Yes. I think it may be better to just leave it and go do other things from now on.

THIS!!!!! bingo my friend
  • #1,476
  • Jun 12, 2013 10:56am Jun 12, 2013 10:56am
TOK
you must be sacrificed for the good of the team
sleep and all we win
  • #1,477
  • Jun 12, 2013 11:02am Jun 12, 2013 11:02am
Quoting dimdel
TOK you must be sacrificed for the good of the team sleep and all we win
  • #1,478
  • Jun 12, 2013 11:55am Jun 12, 2013 11:55am
Hey I just wanted to share an article I found online about correlated currency pairs. MKFX mentioned them the other day and I have been reading about them

http://www.investopedia.com/articles.../05/051905.asp

I noticed how some currency pairs charts moved almost identically to each other. This might help some of the newer traders out there skim down the pairs they watch since some of them move the same(or in some instances, completely opposite)



Edit: MKFX in the case of the EUR/USD and the USD/CHF. Seeing as how these are direct opposites, would you trade these in opposite directions at the same time OR just trade only one pair and drop the other? I had both open the other day(luckily in opposite directions) but have been reading more about currency correlation the past few days
  • #1,479
  • Jun 12, 2013 12:09pm Jun 12, 2013 12:09pm
Quoting rexio
Hi Mr. 100Pip, How exactly does the Trade Explorer on top of this page work ? Is it by means of the EA or manually ? Because for EURAUD I got yesterday 3 trades by means of the EA ( 2* buy at 1.4097 and 1 * buy at 1.4034) and Trade Explorer gives one only at 1.3967. That is an even much better price. The 2 trades at 1.4097 just hit the stoploss of -200 pips in the moment of writing this. Was the EA switched off temporarily for EURAUD in the Trade Explorer ?
I had the EA disabled for the past few days for EUR/AUD. However, I decided to enable it for one trade last night when conditions were right just to kind of test the waters.
  • #1,480
  • Jun 12, 2013 12:16pm Jun 12, 2013 12:16pm
Quoting Mohsen-b
{quote} Hi Mr. HP, Could you pls. give me link of 5K live test. Is it in a post or different thread? Tks in advance. MB

1st Attachment - Recently Closed Positions
2nd Attachment - Current Open Positions
3rd Attachment - Current Balance & Equity

I was stopped out last night with my EUR/AUD long position which was opened up yesterday. I also have one new AUD/JPY short position which was opened up last night.

Current Balance is basically flat and Equity is up about 10%.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Recently_Closed.png Size: 34 KB
Click to Enlarge Name: Current_Open.png Size: 48 KB
Click to Enlarge Name: Current_Balance_&_Equity.png Size: 11 KB
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