Third Screen Strategy - Dr. Alexander Elder | Page 87 | Forex Factory

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Third Screen Strategy - Dr. Alexander Elder

  • #1,721
  • Edited 10:36am Jun 18, 2013 5:32am | Edited 10:36am
Quoting Tok
{quote} How often has this proved superior to doing it the conventional way?
sorry ..... good luck all
  • #1,722
  • Jun 18, 2013 5:44am Jun 18, 2013 5:44am
Quoting mrhb30jr
{quote} Hi Tok, long term movement if the weekly slop 13EMA, just check the weekly TF, and please read the original article from Dr.Alexander Elder .... just observation on your chart and you know ... Cheers
Can you expand on this?
  • #1,723
  • Jun 18, 2013 5:47am Jun 18, 2013 5:47am
I've decided to just narrow the pairs I trade to the top 6 that 100pips recommends.

Putting more money into more quality, so to speak.
  • #1,724
  • Jun 18, 2013 5:48am Jun 18, 2013 5:48am
100pipsaday,
Thank you very much for a wonderful contribution. You have been very gracious and may God reward you for this big heart attitude. I have been following your thread on advice of hnk for the last two weeks and my MACD (TSS) is showing a 100% increase in profits in my demo account. I have three more demo accounts running and all in profit. One thing I have noticed besides money management is what sort of basket you are trading. This will explain the different returns on different accounts among different members.
Although statistically there are many variables but to my experience of last two weeks it is the different basket set.
I wonder if yourself or other members of this forum have a different opinion.
  • #1,725
  • Jun 18, 2013 5:50am Jun 18, 2013 5:50am
Quoting shaan
100pipsaday, Thank you very much for a wonderful contribution. You have been very gracious and may God reward you for this big heart attitude. I have been following your thread on advice of hnk for the last two weeks and my MACD (TSS) is showing a 100% increase in profits in my demo account. I have three more demo accounts running and all in profit. One thing I have noticed besides money management is what sort of basket you are trading. This will explain the different returns on different accounts among different members. Although statistically...
What is a 'basket set'?
  • #1,726
  • Jun 18, 2013 6:10am Jun 18, 2013 6:10am
Quoting Tok
{quote} How often has this proved superior to doing it the conventional way? It looks exactly the same as what we're doing right now. The RSI is identical to the WR%.
He has the RSI on the Daily chart - I believe that is just another confirmation for the major trend direction

Yes, he does the same entry as this method, W%R on 1 Hour chart

I believe he has got the label wrong on the second chart - they are not both D1 ??

It takes a lot for me to IGNORE you, but you can try.
  • #1,727
  • Edited 6:59am Jun 18, 2013 6:39am | Edited 6:59am
Quoting mrhb30jr
{quote} Hi Purec, Here my tips and filter to using this method,..... i just add rsi 9 and force index, weekly up, D1 MCAD up, RSI 9 above 0 green, and Force Index above 0 = Up Trend Movement Entry only buy , IF yesterday Price Close below opening price, i'm looking to entry long on opening new candle or to entry from H1, when indicator %WR 14 oversold area, here the sample, make it simple and......always smile cheers {image} {image}

Brother I Didn`t get Rsi And Force Indicator Setting.If Possible Then Share With me The Template File With Rsi and Force Index File

Thanks
  • #1,728
  • Jun 18, 2013 6:39am Jun 18, 2013 6:39am
Quoting Tok
{quote} What is a 'basket set'?
Tok,
By basket set I mean which set of pairs are you trading? four, five , six, etc and which pairs. If you are trading with eight pairs then this is equivalent to a basket. But the final profit or loss will be determined by which pairs (besides other variables) you are trading.
  • #1,729
  • Edited 10:34am Jun 18, 2013 7:28am | Edited 10:34am
Quoting mrhb30jr
{quote} Hi Purec, Here my tips and filter to using this method,..... i just add rsi 9 and force index, weekly up, D1 MCAD up, RSI 9 above 0 green, and Force Index above 0 = Up Trend Movement Entry only buy , IF yesterday Price Close below opening price, i'm looking to entry long on opening new candle or to entry from H1, when indicator %WR 14 oversold area, here the sample, make it simple and......always smile cheers {image} {image}
This IS NOT Dr Elder's system you are displaying here. This is your own filtering addition and strategy mixed in that should NOT be introduced in this thread, in order to not confuse others following and trying to keep things simple. You're trying to evolve this strategy into something else, and I don't think it's proper to be introducing it into someone elses thread. Need to be consistent with what we post, especially helpful for newbies trying to trade this system ONLY. Just my OP. GL
  • #1,730
  • Jun 18, 2013 7:36am Jun 18, 2013 7:36am
You are your own worst enemy in this game.

When I spend too much time in front of the screen, I go crazy. I really need to learn to just place trades, and let go.

And I think a lot of people's issues (including mine) is that we trade too many pairs. Sticking to the top 6 or so that 100pips recommends, and just opening multiple positions in each, would be best.
  • #1,731
  • Edited 7:50am Jun 18, 2013 7:37am | Edited 7:50am
Hi MKF,

I have 4 buys now for audusd, done with the regular EA :
Attached Image (click to enlarge)
Click to Enlarge Name: trades_audusd.jpg Size: 44 KB
  • #1,732
  • Jun 18, 2013 7:47am Jun 18, 2013 7:47am
Quoting Tok
You are your own worst enemy in this game. When I spend too much time in front of the screen, I go crazy. I really need to learn to just place trades, and let go. And I think a lot of people's issues (including mine) is that we trade too many pairs. Sticking to the top 6 or so that 100pips recommends, and just opening multiple positions in each, would be best.

TOK,
This is NOT a twitter account.
Could you pls. stop making dumb remarks every half hour or so ?
Serious contributions however would be appreciated.
  • #1,733
  • Jun 18, 2013 7:48am Jun 18, 2013 7:48am
Quoting rexio
Hi MKF, I have 4 buys now for gbpaud :
Unfortunately, I hadn't time this week to manually trade. I have morning obligations this month and next, so I've missed trades. I'm running separate EA's though, using this strategy and the 20/50 strategy. I would like to compare results at the end of the month. I'll manually trade when I can using stochastics.

Cheers rexio. I think you meant A/U not G/A.
  • #1,734
  • Jun 18, 2013 7:49am Jun 18, 2013 7:49am
Quoting rexio
{quote} TOK, This is NOT a twitter account. Could you pls. stop making dumb remarks every half hour or so ? Serious contributions however would be appreciated.
Your above picture is of 4 audusd trades. Not gbpaud.

and I post this kind of stuff in the hopes that people will learn from my mistakes.
  • #1,735
  • Jun 18, 2013 7:50am Jun 18, 2013 7:50am
Quoting Tok
{quote} Your above picture is of 4 audusd trades. Not gbpaud. and I post this kind of stuff in the hopes that people will learn from my mistakes.
You should start a personal trading journal thread.
  • #1,736
  • Jun 18, 2013 8:29am Jun 18, 2013 8:29am
Quoting MKFXTrader
{quote} Unfortunately, I hadn't time this week to manually trade. I have morning obligations this month and next, so I've missed trades. I'm running separate EA's though, using this strategy and the 20/50 strategy. I would like to compare results at the end of the month. I'll manually trade when I can using stochastics. Cheers rexio. I think you meant A/U not G/A.
Yes, it was A/U instead of G/A. I wanted to compare it with the stoch appraoch of yours. But my impression is in this case,
that the stoch approach gave better entries with less draw down then we have now with the regular EA.

However, as I wrote before, in the end, hopefully, it will recover and then we both get out at +320 pips profit target and we both have the same end results. Only, you could easier endure the drawdown period.
--- End of experiment. ---
  • #1,737
  • Jun 18, 2013 8:37am Jun 18, 2013 8:37am
Quoting rexio
{quote} Yes, it was A/U instead of G/A. I wanted to compare it with the stoch appraoch of yours. But my impression is in this case, that the stoch approach gave better entries with less draw down then we have now with the regular EA. However, as I wrote before, in the end, hopefully, it will recover and then we both get out at +320 pips profit target and we both have the same end results. Only, you could easier endure the drawdown period. --- End of experiment. ---
Yes, using stochastics gives better entry and would lower DD significantly. End result could or could not be the same depending on PA movement in regards to ATR, IMO.

Cheers
  • #1,738
  • Edited 10:34am Jun 18, 2013 9:41am | Edited 10:34am
Quoting rexio
Hi MKF, I have 4 buys now for audusd, done with the regular EA : {image}
sorry... good luck ....
  • #1,739
  • Jun 18, 2013 10:27am Jun 18, 2013 10:27am

  1. http://assets.forexfactory.net/nfs/c...ar142877_3.gif
  2. mrhb30jr
  3. you are in wrong thread
  4. please let me focus in this strategy dont confuse me
  5. thank you

  • #1,740
  • Jun 18, 2013 10:39am Jun 18, 2013 10:39am
Quoting dimdel
{image} mrhb30jr you are in wrong thread please let me focus in this strategy dont confuse me thank you
i'm sorry bro......GBU...
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