Third Screen Strategy - Dr. Alexander Elder

Quoting Fishcoo

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{quote} Hi khaled_ctg How are you.I think this strategy is very simple so we can trade very easily.The system is good for now so don't change it just follow the rules.I just want to learn something about the PASR and MM .It is also very important. BR Fishcoo

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Quoting khaled_ctg

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{quote} Hi Fiscoo, where did you go? Just missing u.

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Quoting 100PipsADay

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{quote} $5k Live Test Progress 1st Attachment - Recently Closed Positions 2nd Attachment - Current Open Positions 3rd Attachment - Current Balance & Equity Alright, just got home and noticed that I had 2 AUD/JPY and 2 CAD/JPY short positions hit their Profit Targets. Up roughly 20% on the balance and about 30% with my equity. Excellent week so far! {image} {image} {image}

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Quoting terminator12

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{quote} Hi 100Pips ur CAD?JPY hit at 258 pips . I look up urs and u recommend that CAD?JPY , S/L 225 and T/P 450 i set 9 charts all S/L 160 T/P 320 , Malcolm .

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Quoting 100PipsADay

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{quote} Remember, this $5k Live Test is being traded in a US brokerage firm. FIFO rules will affect ALL of my trades in regards to SL and TP when looking at each position. However, in the long run it will balance itself out. 260 SL and 320 TP on this particular account for CAD/JPY.

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Quoting Erebus

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{quote} 3. Just do it .......................................... why everyone having trouble with this part?

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Quoting Fishcoo

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{quote} Hi Erebus I think sometimes they lost some money with this strategy, maybe a lot of money if they have bad money manage.Then they will look for another strategy which they can get the money quickly.Unfortunately,they failed again. When we use the Third Screen Strategy,sometimes we will win and sometimes we will fail.But we will win after a long time.Just trust the strategy .

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Quoting Fishcoo

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{quote} Hi Erebus I think sometimes they lost some money with this strategy, maybe a lot of money if they have bad money manage.Then they will look for another strategy which they can get the money quickly.Unfortunately,they failed again. When we use the Third Screen Strategy,sometimes we will win and sometimes we will fail.But we will win after a long time.Just trust the strategy .

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Quoting discomania

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Dear FF Forum People, I have read all the tread and I would like to start with this strategy. I would like to tell thanky you very much to share this strategy to 100Pipsaday,Khaled and all other that have contribute to this thread. I have download the ea and indicator and installed in mt4. Unfotunatelly I got in exper message this error on all Chart: Third Screen strategy1 MACD euraud, Daily, first Parameter for iMAOnArray indicator must be an Array Any idea on wich can be the issue? Thanks you very much for any help. Best regards discomania

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Quoting khaled_ctg

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{quote} Hi Discomania, Welcome to this thread. The version of EA you are using has some bug. If you read the whole thread you would find my earlier post, requested all traders to use the previous version of EA. Hope you will enjoy the new Strategy. Regards, Khaled

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Quoting khaled_ctg

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I think it would better to upload the EA files again here to eliminate confusions of new comer here. Here you goes. . . .. {file} {file} {image}

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Quoting discomania

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{quote} dear Khaled, thanks you very very much for your big help. Best Regards, Discomania

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Quoting khaled_ctg

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{quote} Welcome. Its just helping people. Further, a forum has been started by Erebus one of more precious member of this thread and also a good friend, to provide support and technical discussion regarding the EA. Please feel free to visit here.

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Quoting discomania

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{quote} Thanks you very much. I have a question for you Khaled. I have see the SL that in this strategy is used, and have see from result of 100pipsaday not was some very wrost Situation were was the account in risk to blow, aniway I think with 9-10 pairs and 6-8 Position opened can be some time to have a very big loos. I have think some possibility to avoid this possibility. 1) put t total loos amount x each pair for all Position opened 2)put a total loos amount for all Position for all opened pairs 3)Put a Limit that equity go low of x amount....

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Quoting khaled_ctg

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{quote} Hi Discomania, Sorry to say that your points are not clear to me. Anyway I think leverage and Lot size is the main factor to blow up an account. Currently I am testing this strategy in a Real Account with only $100, leverage 1:400 and lot size 0.01. I have set this account Thursday last week and till to date it gives me 50% return. Not bad at all!!! I love to use this strategy as simple as can. Regards.

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Quoting Erebus

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{quote} I think what he saying is that there should be some automatic position sizing & stop loss build into the EA @ Discomania - you can input the position size and stop loss applied to each pair - it is up to you to do the calculation before placing the EA on the chart - If your account is small, reduce the number of positions, sure you can trade 2 lots of 0.01 and be at 2%? - also, reduce the number of pairs down to 8 - if you get 5 trades open, with 2 on each pair, total risk is 10% - then just right click and remove EA from remaining charts...

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