Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies

EMA crossover (ema 14 & 34) 4 replies

Credit goes to 100PipsADay & 'D1 - 20 EMA & 50 EMA' 12 replies

EMA's and MA's confiming small time correctoin ema's crossing 1 reply

EMA Close Crossing EMA High/Low Help Please! 2 replies

Attachments: D1 - 20 EMA & 50 EMA
Exit Attachments

D1 - 20 EMA & 50 EMA

hi to dear 100pipsaday and all of the followers.

first of all thanks a lot to show this amazing system.
dear 100pipsaday is it possible to continue to show the live trades ?
cause that your live trades on both strategy look like a light for me to prevent my wrong trades and at the other hand your live trades was very good to comparison with my trades which show me i am on right way.

thanks a gain.
shabani
haha, Loving the truck.
Hope you all don't abandon the forum over the weekend guys,
I've planned my weekend to be dedicated to studying charts/
2050 and 3SS ?? Heavens know where my head will be by Sunday
evening or what state
I have 2050 on my charts already, but had problems with EA's
but anyway - head down and studying here I come!!

Have a good weekend all
Quoting 100PipsADay
{quote} This is exactly right!
i see at GBP/NZD a double top formation . i think , at least for GBP/NZD , it was a retracement .
Make choices and don't look back !
Quoting turtlefan
{quote} Of course the difficulty with this is that no one truly knows when the trend is changing. It takes a LONG time to slow down a fast-moving train. At least right now with my demo of this system, I'm opting to let the market take me out of the trades, meaning I am not interfering at all. Yes, I know there will be losses for a while when that turn is finally made, but my thought is I would likely guess wrong several times before finally getting the reversal correct, meaning I would lose money in that endeavor anyway. So I'm sitting tight and...

I'm with you turtle. Huge trends will still retrace, especially to the 20. Doesn't mean I want to be out, just gives me more chances to get in. Look at the JPY pairs. Some pretty good retracements over the last week, but now heading back down. I've tried many times to 2nd guess the market and found myself lacking. I'm going to stick it out on auto and see where it takes me. I'm up 30% on a live account (albeit small) so I certainly can't complain.

I know from experience that it can be a wild ride. On my PI thread I was up 3000% in 3 months...then it all reversed. My problem was in the exits and too many late entries in the trend cycle. I think (and hope) 100 pips has addressed some of that with the set T/P and limiting the number of open positioins.
Quoting Miss Delta
haha, Loving the truck. Hope you all don't abandon the forum over the weekend guys, I've planned my weekend to be dedicated to studying charts/ 2050 and 3SS ?? Heavens know where my head will be by Sunday evening or what state I have 2050 on my charts already, but had problems with EA's but anyway - head down and studying here I come!! Have a good weekend all
Hi,

For EA questions, Erebus has started a support thread - http://www.forexfactory.com/showthread.php?t=431719

Good luck with the studying
"To live with Passion, it takes Courage and Grace to survive"
Quoting spyderman
{quote} I'm with you turtle. Huge trends will still retrace, especially to the 20. Doesn't mean I want to be out, just gives me more chances to get in. Look at the JPY pairs. Some pretty good retracements over the last week, but now heading back down. I've tried many times to 2nd guess the market and found myself lacking. I'm going to stick it out on auto and see where it takes me. I'm up 30% on a live account (albeit small) so I certainly can't complain. I know from experience that it can be a wild ride. On my PI thread I was up 3000% in 3 months...then...
Hi spyderman

I've traded with Third Screen Strategy for some months which is similar to D1 -20EMA&50EMA.I think the biggest problem is also in the exits.In spite of limiting the number of open positioins,but if we trade 5 pairs and open 8 positions each pair , we also have 40 positions.The trend of some pairs are the same , just like the Yen cross pairs.So when it reversed, it is very dangerous .So sometimes 100pips close the posotions manual according to PASR on the weekly chart. I think it is very important.

BR
Fishcoo
Quoting Fishcoo
{quote} Hi spyderman I've traded with Third Screen Strategy for some months which is similar to D1 -20EMA&50EMA.I think the biggest problem is also in the exits.In spite of limiting the number of open positioins,but if we trade 5 pairs and open 8 positions each pair , we also have 40 positions.The trend of some pairs are the same , just like the Yen cross pairs.So when it reversed, it is very dangerous .So sometimes 100pips close the posotions manual according to PASR on the weekly chart. I think it is very important. BR Fishcoo
To each his own. If 100Pips or anyone else can tell by PASR when each of these trends is going to turn around, then he is the first to be able to do so. It's a guessing game at best. Rules are to be broken, and so are previous resistance and support. Maybe not on the first or second try, but often just a short time later. No one knows if prior SR will hold until it happens.

I agree with you about the exits. My way of mitigating this is to close the basket when it reaches a certain percentage profit. It simultaneously locks in some profit and immediately reduces risk (number of positions goes back to 0). I guess we'll see if that is enough to weather the trend changes. My hope is that the profit taking, along with the built-in correlation protection of 20+ pairs will provide steady success.

TurtleFan
Prices are never too high to begin buying or too low to begin selling.
Quoting turtlefan
{quote} [...] Rules are to be broken, and so are previous resistance and support. Maybe not on the first or second try, but often just a short time later. [...]
Normally that happens (for me) when switching from demo to real money trading

quasi "Murphy´s Law for traders"

, Dietmar
Quoting turtlefan
{quote} To each his own. If 100Pips or anyone else can tell by PASR when each of these trends is going to turn around, then he is the first to be able to do so. It's a guessing game at best. Rules are to be broken, and so are previous resistance and support. Maybe not on the first or second try, but often just a short time later. No one knows if prior SR will hold until it happens. I agree with you about the exits. My way of mitigating this is to close the basket when it reaches a certain percentage profit. It simultaneously locks in some profit...
Hi turtlefan,

I like the way you approach the method. Very important to keep control on the losses. Do you have defined percentage for basket loss as well? If not, do you let the trades to hit the pre-defined stop loss? Appreciate your feedback.

Regards,

hnk
Quoting hnk
{quote} Hi turtlefan, I like the way you approach the method. Very important to keep control on the losses. Do you have defined percentage for basket loss as well? If not, do you let the trades to hit the pre-defined stop loss? Appreciate your feedback. Regards, hnk
Thanks for your comments. My basket take profit percentage is 3%. Interestingly, I have not yet been down that much with this method, so I had not really considered a basket stop loss percentage. But that's an interesting thought and might be something worth considering. I think more testing will be necessary before I can come to that conclusion. In the 40 or so days I have been on the demo, I've yet to feel like this method has really seen a tough stretch of any meaningful length. Most of the times the retracements only last a day or so, and then it's back to the trends and more pips. Until some of these trends really do end, our trend exit strategy ideas are all untested. We need to see it happen to see what works and what does not. Don't worry, I am sure it is coming.

TurtleFan
Prices are never too high to begin buying or too low to begin selling.
Hi 100pips
If I want to use the 4 hour chart as my entry not the 60 minute is there anyway of changing this in the EA?
Thanks
Quoting turtlefan
{quote} Thanks for your comments. My basket take profit percentage is 3%. Interestingly, I have not yet been down that much with this method, so I had not really considered a basket stop loss percentage. But that's an interesting thought and might be something worth considering. I think more testing will be necessary before I can come to that conclusion. In the 40 or so days I have been on the demo, I've yet to feel like this method has really seen a tough stretch of any meaningful length. Most of the times the retracements only last a day or so,...
Thanks for your detailed reply. Definitely we would like to be tested for non trending scenario. Although I still believe that whole market cannot go in the ranging mode as there always be some currencies trending which might balance out the negative effects.

If you don't mind, couple of more questions: So as of now, you are always either taking the 3% on your basket or the profit target as set for each pair. I believe whatever comes first. Do you have any other variations as far as 100pips method is concerned beside the target points?

Thanks,

hnk
Quoting hnk
{quote} Thanks for your detailed reply. Definitely we would like to be tested for non trending scenario. Although I still believe that whole market cannot go in the ranging mode as there always be some currencies trending which might balance out the negative effects. If you don't mind, couple of more questions: So as of now, you are always either taking the 3% on your basket or the profit target as set for each pair. I believe whatever comes first. Do you have any other variations as far as 100pips method is concerned beside the target points? Thanks,...
Hnk, yes, your assumption is correct. I either let positions hit their TP or SL or close them all when total basket reaches a profit of 3% of current balance. Nothing magical about 3%; that just seemed like a good place to start.

As far as other variations, I use the 12 hour delay rather than 6. Also, I still have TP set to 350 pips and SL set to 250 pips for every pair. I just never bothered to change them. I may make them some multiple of ATR at some point, or I may just leave them be...seems to be working fine as-is.

You may be absolutely right concerning the method's ability to handle the trend fluctuations. I was looking at the daily charts today, and there have actually been some trend changes in the 40 days I have been testing, and the system handled those fine. Like you, I don't anticipate they will all be ranging at the same time, and thus hopefully the basket concept will provide the necessary safety. I know my equity curve thus far has been unbelievably smooth (see my trade explorer in my signature).

Hope everyone can make some good pips again this week,

TurtleFan
Prices are never too high to begin buying or too low to begin selling.
One observation which others might have also noticed. I am testing the strategy for almost a month now and on every Monday it seems Market goes against the trend and we usually see drawdowns. 100pips can you please confirm it based on your experiences. Are there any studies backing up this behavior?
Quoting turtlefan
{quote} Hnk, yes, your assumption is correct. I either let positions hit their TP or SL or close them all when total basket reaches a profit of 3% of current balance. Nothing magical about 3%; that just seemed like a good place to start. As far as other variations, I use the 12 hour delay rather than 6. Also, I still have TP set to 350 pips and SL set to 250 pips for every pair. I just never bothered to change them. I may make them some multiple of ATR at some point, or I may just leave them be...seems to be working fine as-is. You may be absolutely...
I do check your demo and really like the way your equity curve is looking. I believe low leverage has major role in keeping it smooth and steady. Job well done.
Quoting hnk
One observation which others might have also noticed. I am testing the strategy for almost a month now and on every Monday it seems Market goes against the trend and we usually see drawdowns. 100pips can you please confirm it based on your experiences. Are there any studies backing up this behavior?
I have personally never had a good Monday. Just my personal experience.
Having clowned around for years thinking like most mugs that it was easy to make money on forex, I am glad to have come across this thread and its companion. First and foremost, I spent the whole weekend reading through every post in both threads and all of the recommended readings such as PASR link.
I will therefore refrain from asking dumb questions but if I err then forgive me.
It would be remiss of me to not say a big thank you to 100PipsADay, Erebus and Khaled as well as a few key contributors of the two threads. Thanks.

Like most things I jumped in feet first on thursday/friday and made a few bucks as all the stars began to align. Over the weekend I decided to take a step back and test the EA and see where it goes.

I must say it has great potentional. I am still not confident to wait for 200-300 pips profit because I am one of those who lets losses run and takes profit at first opportunity. I am sure a lot will be familiar with that.

I will endeavour to be patient because that is what this strategy asks you to do.

I have a couple of observations from demo trades.
Opening a trade at OB/OS on 1H at set levels 20-80 will almost always result in draw down as current candlestick has not closed and momentum tends to force the price against the trade. So, if it has already been suggested the great but I would say wait a couple of bars to see PA and then enter the trade. How an EA does that, I have not the skills but I guess one could ask has it crossed out of OB/OS 2nd time and better still is there a divergence on 1H. Then that potentiallly would be a great trade entry as drawdown would be potentially far less.
My second observation is that the credit to Khaled and FF is smack on near where current candlestick is. I am sure others are holding back on recommendation for this but as I said I go feet first mostly. So, please remove it as we know you deserve the credit for programming it but it is not cool. If you want people to pay for this copyright removal then be upfront and ask.

I will avoid ranting from here.
I know what to do.
I got a short E/J at 126.41 . Hope is not a bad trade :-s
Make choices and don't look back !
Quoting Britpip7
{quote} Hi, For EA questions, Erebus has started a support thread - http://www.forexfactory.com/showthread.php?t=431719 Good luck with the studying
Britpip,
Thanks for the direction, it's been a great help, my studying has been full on all weekend, but I am loving it

Thanks again
Delta
Not happy with my equity curve
0 traders viewing now