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Third Screen Strategy - Dr. Alexander Elder

  • #1,821
  • Jun 19, 2013 4:43am Jun 19, 2013 4:43am
Quoting 100PipsADay
Rexio, This strategy has proven itself to be profitable even when traded with the EA that you say is bugged! 60%+ and 16,000 pips later and you are still talking about bugs in the EA and talking about D1 MACD bars not turning colors in 2-3 days at least... Do you want to make money or do you want to be right? You understand that the statistics you are seeing on the Demo test linked to this thread were done mostly with the "bugged" EA you keep talking about right? When will you start trading and making money and stop talking about programming?...
Hi 100Pips,

Go back to post # 1789. You placed that chart of NZDJPY yourself.
Is it a bug or what is it that the EA is pointing green upwards, giving a buy signal in this way ? While at the same time, you have a red MACD ?

Please explain .


I am not opposed you or the method or the way of making money with this thirdscreen strategy.
I am in for good equipment and consistent indicators and EA's.

My further explanation about tomorrow''s macd will follow.
  • #1,822
  • Jun 19, 2013 5:50am Jun 19, 2013 5:50am
Quoting rexio
{quote} Hi 100Pips, Go back to post # 1789. You placed that chart of NZDJPY yourself. Is it a bug or what is it that the EA is pointing green upwards, giving a buy signal in this way ? While at the same time, you have a red MACD ? Please explain . I am not opposed you or the method or the way of making money with this thirdscreen strategy. I am in for good equipment and consistent indicators and EA's. My further explanation about tomorrow''s macd will follow.
I am not trying to teach my granny to suck eggs but sometimes one has to be watchful of a freight train coming.

If you need to see a blue light to confirm for the signal for you then so be it but just look at buying pressure on daily as MACD signal line is about to cross. See also, momentum inherent in MACD bars.

I say buying here is less likely for one to be on the wrong side for long. Hell, you might even have a tighter stoploss then the suggested ~2xATR.

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 27 KB
None the wiser!
  • #1,823
  • Jun 19, 2013 5:53am Jun 19, 2013 5:53am
Quoting rexio
{quote} Hi 100Pips, Go back to post # 1789. You placed that chart of NZDJPY yourself. Is it a bug or what is it that the EA is pointing green upwards, giving a buy signal in this way ? While at the same time, you have a red MACD ? Please explain . I am not opposed you or the method or the way of making money with this thirdscreen strategy. I am in for good equipment and consistent indicators and EA's. My further explanation about tomorrow''s macd will follow.
I can't explain because I know NOTHING about programming. I do know that Khaled did his best to program the "MACD3SS" indicator which works with the Third Screen Strategy EA and is supposed to be as close as possible to the MACD Adjustable that I have been using to trade my live accounts with manually.

Is it possible that maybe the programming of the MACD3SS file is not 100% exactly the same as the MACD Adjustable? Probably...

However, this doesn't really matter to me for multiple reasons. Here are just a few:

1) We are trading off of the Daily charts so we have room to be flexible with our trades.
2) Who cares if the signal was given a day earlier then the MACD Adjustable? This "bug" you keep talking about is really no different then 5 different traders using 5 different brokers with the same EA and they will ALL experience different results due to broker server time and what not.

You say you are "in for good equipment and consistent indicators and EA's"

Has anybody charged you a penny for this EA? No!
Has anybody charged you for this strategy? No!

Why don't you send Khaled a bank wire right now for $100 and then ask him to make some changes?
Why don't you send me a bank wire for sharing a strategy freely and spending my time answering stupid questions like this?

Your further explanation for MACD will follow tomorrow? What kind of Bull $hit excuse are you going to make up if/when the NZD/JPY D1 MACD bar is blue????

I think I've had enough of your stupidity Rexio. If the EA is not good enough for you go find somebody else to program this for you. I've given you everything you need to succeed, sorry my EAs and indicators aren't good enough for you.

Enjoy your last day on this thread because I won't allow people like you to stick around here and waste my time with your whining and complaining!

**You will never be successful in this business if this is the kind of stuff you are focusing on Rexio, I promise you that!
  • #1,824
  • Jun 19, 2013 6:12am Jun 19, 2013 6:12am
Ok. Everybody...........
Attached Image
  • #1,825
  • Jun 19, 2013 6:13am Jun 19, 2013 6:13am
100pips,

I have a basic question.

Why do you not open more positions across other pairs that have a good chance of reversing (GBPNZD, ect), rather than these common ones you have displayed on the explorer ?


Thanks.
  • #1,826
  • Jun 19, 2013 6:23am Jun 19, 2013 6:23am
@ 100 PIPS
SORRY FOR DISTURB BUT WHERE IS LAST UPDATE & SETTING FOR THE 3D SCREEN


SORRY AGAIN

HAVE A GOOD DAY
Amir
  • #1,827
  • Edited 6:43am Jun 19, 2013 6:23am | Edited 6:43am
Quoting Tok
100pips, I have a basic question. Why do you not open more positions across other pairs that have a good chance of reversing (GBPNZD, ect), rather than these common ones you have displayed on the explorer ? Thanks.
When I started this demo test I chose about 12 pairs to trade and actually have taken that number down to 8.

Reason being, most people are not able to trade 20 pairs at a time so I wanted to give a realistic approach for the average trader. Obviously there are many who do not trade with $100k or even $50k but we can always reduce lot sizes and max positions for smaller accounts.

I do trade GBP/NZD on my live accounts though as it is one of my more profitable pairs to trade with this strategy.

**I have also decided to take the D1 20 EMA & 50 EMA demo account and apply the Third Screen Strategy to it using all of the most recent recommended SL and TP parameters for that strategy. This account will trade up to 19 pairs at any given time, GBP/NZD included.

I'm going to link that account to this thread and will list SL & TP parameters in my next post.
  • #1,828
  • Jun 19, 2013 6:28am Jun 19, 2013 6:28am
Quoting Amirsaid
@ 100 PIPS SORRY FOR DISTURB BUT WHERE IS LAST UPDATE & SETTING FOR THE 3D SCREEN SORRY AGAIN HAVE A GOOD DAY Amir
I am currently using the Third Screen - D1 MACD EA which should be listed at the bottom of the very first post. When you load it onto your chart you will see "V.1.1" at the top right corner.

You simply install the MACD3SS file into your MT4 Indicator Folder and then copy the Third Screen - D1 MACD EA file into the Expert Advisors folder.
  • #1,829
  • Jun 19, 2013 6:43am Jun 19, 2013 6:43am
Stop Loss & Take Profit Parameters


My Live Accounts
NZD/JPY, CAD/JPY, and AUD/JPY: 160 SL and 280 TP

EUR/AUD, GBP/AUD, EUR/CAD, AUD/USD, NZD/USD, GBP/NZD, GBP/USD: 260 SL and 320 TP

EUR/USD: 200 SL and 320 TP


Third Screen Strategy Demo #1
USD/JPY, NZD/USD, NZD/JPY, AUD/USD, AUD/JPY, CAD/JPY: 160 SL and 320 TP

EUR/AUD: 180 SL and 360 TP

GBP/AUD: 200 SL and 400 TP


Third Screen Strategy Demo #2
AUD/CAD
SL: 160
TP: 320

AUD/JPY
SL: 175
TP: 350

AUD/NZD
SL: 160
TP: 320

AUD/USD
SL: 175
TP: 350

CAD/JPY
SL: 175
TP: 350

CHF/JPY
SL: 175
TP: 350

EUR/AUD
SL: 200
TP: 400

EUR/CAD
SL: 175
TP: 350

EUR/GBP
SL: 160
TP: 320

EUR/JPY
SL: 200
TP: 400

EUR/NZD
SL: 225
TP: 450

EUR/USD
SL: 175
TP: 350

GBP/AUD
SL: 225
TP: 450

GBP/JPY
SL: 275
TP: 550

GBP/NZD
SL: 275
TP: 550

GBP/USD
SL: 200
TP: 400

NZD/JPY
SL: 175
TP: 350

NZD/USD
SL: 175
TP: 350

USD/CAD
SL: 125
TP: 250

USD/JPY
SL: 175

TP: 350
  • #1,830
  • Jun 19, 2013 7:22am Jun 19, 2013 7:22am
Quoting 100PipsADay
Stop Loss & Take Profit Parameters My Live Accounts NZD/JPY, CAD/JPY, and AUD/JPY: 160 SL and 280 TP EUR/AUD, GBP/AUD, EUR/CAD, AUD/USD, NZD/USD, GBP/NZD, GBP/USD: 260 SL and 320 TP EUR/USD: 200 SL and 320 TP Third Screen Strategy Demo #1 USD/JPY, NZD/USD, NZD/JPY, AUD/USD, AUD/JPY, CAD/JPY: 160 SL and 320 TP EUR/AUD: 180 SL and 360 TP GBP/AUD: 200 SL and 400 TP Third Screen Strategy Demo #2 AUD/CAD SL: 160 TP: 320 AUD/JPY SL: 175 TP: 350 AUD/NZD SL: 160 TP: 320 AUD/USD SL: 175 TP: 350 CAD/JPY SL: 175 TP: 350 CHF/JPY SL: 175 TP: 350 EUR/AUD SL:...
100PIPS Thanks for that parameter but u don't have USD/CHF . U don't use any CHF ?
  • #1,831
  • Jun 19, 2013 7:25am Jun 19, 2013 7:25am
Quoting 100PipsADay
{quote} I am currently using the Third Screen - D1 MACD EA which should be listed at the bottom of the very first post. When you load it onto your chart you will see "V.1.1" at the top right corner. You simply install the MACD3SS file into your MT4 Indicator Folder and then copy the Third Screen - D1 MACD EA file into the Expert Advisors folder.
@100 pips, My TSS EA gives version 1.2 in the top right corner? Is your v1.1 the latest?
  • #1,832
  • Jun 19, 2013 7:26am Jun 19, 2013 7:26am
So what now 100Pips

First demo is only with MACD and Williams and second is with 20 & 50 EMA & MACD & Williams ???
Make choices and don't look back !
  • #1,833
  • Jun 19, 2013 7:48am Jun 19, 2013 7:48am
Quoting terminator12
{quote} 100PIPS Thanks for that parameter but u don't have USD/CHF . U don't use any CHF ?
No, I rarely ever trade CHF pairs.

Sometimes CHF/JPY but that is it...
  • #1,834
  • Jun 19, 2013 7:48am Jun 19, 2013 7:48am
Quoting Purec
So what now 100Pips First demo is only with MACD and Williams and second is with 20 & 50 EMA & MACD & Williams ???
No, not testing D1 20 EMA & 50 EMA strategy at the moment.

Two different Third Screen Strategy tests using different SL & TP parameters, that's it. I'm also keeping everybody posted on the progress of a $5k Live Account using Third Screen Strategy.
  • #1,835
  • Jun 19, 2013 7:50am Jun 19, 2013 7:50am
Quoting jasper2603
{quote} @100 pips, My TSS EA gives version 1.2 in the top right corner? Is your v1.1 the latest?
You may want to download the Third Screen EA file on the first post and install it. Also, install the MACD3SS file into your "Indicators Folder" as it is required to be in your MT4 in order to properly run the Third Screen EA.
  • #1,836
  • Jun 19, 2013 7:51am Jun 19, 2013 7:51am
Quoting 100PipsADay
{quote} No, not testing D1 20 EMA & 50 EMA strategy at the moment. Two different Third Screen Strategy tests using different SL & TP parameters, that's it.
Ok .

And one last question

Do you have GBP/NZD position on your live account ? I mean now ...

I think i'm gonna take a short when I will see OB .
Make choices and don't look back !
  • #1,837
  • Jun 19, 2013 7:54am Jun 19, 2013 7:54am
Quoting Purec
{quote} Ok . And one last question Do you have GBP/NZD position on your live account ? I mean now ... I think i'm gonna take a short when I will see OB .
No short positions yet with GBP/NZD...
  • #1,838
  • Jun 19, 2013 8:01am Jun 19, 2013 8:01am
Quoting 100PipsADay
{quote} No short positions yet with GBP/NZD...
Me too might enter short on GBP/NZD tomorrow , 5 hours to go for FOMC , Will give EUR/USD a good ride ?????
  • #1,839
  • Jun 19, 2013 8:02am Jun 19, 2013 8:02am
Quoting 100PipsADay
{quote} No short positions yet with GBP/NZD...
Hey bro. Any reason you prefer G/N over E/N? Maybe not to be over leveraged?
  • #1,840
  • Jun 19, 2013 8:02am Jun 19, 2013 8:02am
Quoting 100PipsADay
{quote} No short positions yet with GBP/NZD...
I took a position on my own risk at 1.9528 with TP 1.9150
Make choices and don't look back !
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