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Third Screen Strategy - Dr. Alexander Elder

  • #1,981
  • Jun 26, 2013 11:50am Jun 26, 2013 11:50am
Quoting Mr_D1
Hey 100! Just wanna say great job on the thread and really breaking down the triple screen method. I have been keeping up with bits and pieces of it but I definitely want to sit down and really comb thru it. My current strategy is relatively profitable but this right here.....just WOW! Talk about a completely different level of trading. Keep up the awesome work!
Mr D1,

Thanks for the compliments. It's a very simple and profitable system, just spend the necessary time going through the thread to learn it and soak it all in.
  • #1,982
  • Jun 26, 2013 12:06pm Jun 26, 2013 12:06pm
Hi great thread!

iam a bit confused though. I had a look through your explorer and there is plenty of trades that are open in the opposite direction. For example, just to mention one, the audusd trade you open 17th June. Which is a buy but the PA is clearly under the MAs. Is this trade based on something else but the 20/50 strategy or am I missing something completely??

thx mike
  • #1,983
  • Jun 26, 2013 12:08pm Jun 26, 2013 12:08pm
Quoting Liquidsnake
Hi great thread! iam a bit confused though. I had a look through your explorer and there is plenty of trades that are open in the opposite direction. For example, just to mention one, the audusd trade you open 17th June. Which is a buy but the PA is clearly under the MAs. Is this trade based on something else but the 20/50 strategy or am I missing something completely?? thx mike
Yea you're missing something.... You're in the wrong thread!

This strategy utilizes the D1 MACD, the strategy you're referring to utilizes the D1 20 EMA & 50 EMA.
  • #1,984
  • Jun 26, 2013 12:17pm Jun 26, 2013 12:17pm
Quoting 100PipsADay
{quote} Yea you're missing something.... You're in the wrong thread! This strategy utilizes the D1 MACD, the strategy you're referring to utilizes the D1 20 EMA & 50 EMA.

Ah so both your explorers are dedicated to third screen? Gottya
  • #1,985
  • Jun 26, 2013 12:19pm Jun 26, 2013 12:19pm
Quoting Liquidsnake
{quote} Ah so both your explorers are dedicated to third screen? Gottya
Yes, they are both titled as so:

Third Screen Strategy Demo #1
Third Screen Strategy Demo #2
  • #1,986
  • Jun 26, 2013 1:45pm Jun 26, 2013 1:45pm
Hey,
correct me please if it's wrong.
Demo #1 use D1 20 EMA & 50 EMA
Demo #2 use D1 MACD
Right?

Thanks, Alex.
  • #1,987
  • Jun 26, 2013 2:45pm Jun 26, 2013 2:45pm
Quoting alexx90
Hey, correct me please if it's wrong. Demo #1 use D1 20 EMA & 50 EMA Demo #2 use D1 MACD Right? Thanks, Alex.
I stopped testing the D1 20 EMA & 50 EMA strategy a few weeks back. I posted (in this thread) that I would be using a new set of parameters for one of the Demo tests using Third Screen Strategy.

Go back and read maybe the last 15 pages or so and you'll see what I'm talking about.

Also, if you look at my profile you will see that I have two Demo tests both with titles:

Third Screen Strategy Demo #1
Third Screen Strategy Demo #2
  • #1,988
  • Jun 26, 2013 2:51pm Jun 26, 2013 2:51pm
Quoting 100PipsADay
{quote} I stopped testing the D1 20 EMA & 50 EMA strategy a few weeks back. I posted (in this thread) that I would be using a new set of parameters for one of the Demo tests using Third Screen Strategy. Go back and read maybe the last 15 pages or so and you'll see what I'm talking about. Also, if you look at my profile you will see that I have two Demo tests both with titles: Third Screen Strategy Demo #1 Third Screen Strategy Demo #2
Why did you stop? Not enough time, or do you think the strategy lost its potential and is no longer working. Just wondering since some people might still be following this strategy.
  • #1,989
  • Jun 26, 2013 2:57pm Jun 26, 2013 2:57pm
Quoting DrNoStopLoss
{quote} Why did you stop? Not enough time, or do you think the strategy lost its potential and is no longer working. Just wondering since some people might still be following this strategy.
I trade Third Screen Strategy on MOST of my live accounts with the exception of one account that I use the Grid model trading strategy.

I've been averaging roughly $20,000 per month since August 2012 with the Third Screen Strategy and another $10k per month on average with the Power Grid FOREX Trading system since January 2013.

The D1 20 EMA & 50 EMA strategy seems to work fine and many are making money with it. Just because I've stopped "demo" testing the strategy doesn't mean that it doesn't work or is no longer profitable. It just means that I prefer to stick with what I know best and what has been providing me with steady income for well over a year now.

On top of that there are plenty more "copy cat" strategies which are now using the general rules of the D1 20 EMA & 50 EMA strategy. It all boils down to personal preference, and I prefer this strategy for my day to day trading activities.
  • #1,990
  • Edited 5:22pm Jun 26, 2013 5:01pm | Edited 5:22pm
ok thanks, but i don't understand why demo #2 is more profitable than demo #1 if you said they use the same strategy (D1 MACD).
sorry for the english, i'm italian!

sorry i've found the answer here:
"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."

anyway,
Thanks!
  • #1,991
  • Jun 26, 2013 9:07pm Jun 26, 2013 9:07pm
Now we are moving again! Just what I've been waiting for these past 5-7 trading days! While price was consolidating it gave me quite a few entry points for most of the pairs that I frequently trade. Now I just need to sit back and let the market do it's thing!

This month has been a VERY VERY profitable month for me I've also seen quite a few others in this thread as well as the D1 20 EMA & 50 EMA thread rake in the pips.

Long: AUD/JPY, NZD/JPY, CAD/JPY

Short: EUR/AUD & GBP/AUD
  • #1,992
  • Jun 26, 2013 11:02pm Jun 26, 2013 11:02pm
Hi all, I have noticed the thread going a bit quiet lately too, not such a bad thing as some postings were getting a bit silly,

I will say thanks again to 100 pips for all this info, I think I jumped in to this strategy with too many pairs and too high leverage

I now know why the strategy is limited to a number of trades per pair,

So you have got to stick with the third screen strategy and possibly limit your self to small lots and the pairs that are in the trade explorer of 100 pips, IMHO

Feel free to take a look at my profile...the TSS EA is 0.1 lots and are MOSTLY GREEN....!!!

Cheers all, S
Onwards and upwards...
  • #1,993
  • Jun 27, 2013 12:28am Jun 27, 2013 12:28am
Quoting 100PipsADay
Now we are moving again! Just what I've been waiting for these past 5-7 trading days! While price was consolidating it gave me quite a few entry points for most of the pairs that I frequently trade. Now I just need to sit back and let the market do it's thing! This month has been a VERY VERY profitable month for me I've also seen quite a few others in this thread as well as the D1 20 EMA & 50 EMA thread rake in the pips. Long: AUD/JPY, NZD/JPY, CAD/JPY Short: EUR/AUD & GBP/AUD
Glad the tread has returned to trading comments and that the majority of muppets have gone away.

Manual / forward testing going well on EA / GA / CJ / AJ plus GU and AU. Each pair presented 4 or 5 valid entries since their respective MACD crosses, so total pips for each pair range from 180pips to 360pips in the past 6 days.

Glad to see the EAs returning to profit - great job 100pips
"To live with Passion, it takes Courage and Grace to survive"
  • #1,994
  • Jun 27, 2013 1:13am Jun 27, 2013 1:13am
Quoting Britpip7
{quote} Glad the tread has returned to trading comments and that the majority of muppets have gone away. Manual / forward testing going well on EA / GA / CJ / AJ plus GU and AU. Each pair presented 4 or 5 valid entries since their respective MACD crosses, so total pips for each pair range from 180pips to 360pips in the past 6 days. Glad to see the EAs returning to profit - great job 100pips
Thanks BritPip! I couldn't agree more with you. I guess some people can only stick with one strategy for so long before moving on to the next holy grail...

I'm right there with you in regards to E/A, G/A, C/J, and A/J for my live accounts! It is interesting how this strategy tends to work so well with EUR/AUD, GBP/AUD, & AUD/JPY! These 3 pairs work the best with my live accounts, the past 2 years forward testing, and even on both of my demo accounts that are linked to the thread.

Third Screen Strategy Demo Test #1: Total Pips in past 36 days
GBP/AUD: 398
EUR/AUD: 1,592
AUD/JPY: 5,073

Third Screen Strategy Demo Test #2: Total Pips in past 60 days
GBP/AUD: 9,214
EUR/AUD: 7,450
AUD/JPY: 6,061

(above results can be seen in the 2 trade explorers)

That is some serious PIPS!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Demo_#1.png Size: 126 KB
Click to Enlarge Name: Demo_#2.png Size: 128 KB
  • #1,995
  • Jun 27, 2013 3:33am Jun 27, 2013 3:33am
I have a question for you , 100Pips .

With how much money do I need to start to use 3RD screen strategy ?
  • #1,996
  • Jun 27, 2013 5:46am Jun 27, 2013 5:46am
Quoting 100PipsADay
{quote} I stopped testing the D1 20 EMA & 50 EMA strategy a few weeks back. I posted (in this thread) that I would be using a new set of parameters for one of the Demo tests using Third Screen Strategy. Go back and read maybe the last 15 pages or so and you'll see what I'm talking about. Also, if you look at my profile you will see that I have two Demo tests both with titles: Third Screen Strategy Demo #1 Third Screen Strategy Demo #2
Dear Mr. HP,

Thank you for keeping us update about your real and demo sets up and plans.

Just i confused about your demo tests since you stopped EMA demo and made two demos for MACD method instead, even though you explained, but ref. Demo #2 , because its graphs is very looks like EMA EA and this explorer started since April so a question came to my mind that you might used the same account of EMA's EA for MACD and only changed its EA to MACD's EA.
Pls. clarify.
  • #1,997
  • Jun 27, 2013 7:30am Jun 27, 2013 7:30am
Quoting Ax3lTM
I have a question for you , 100Pips . With how much money do I need to start to use 3RD screen strategy ?
Hi, i hope you don't mind me giving an answer until 100 pips has the time to give his answer,

I learnt a few weeks back that i was over leveraged, if you think of 0.01 lot as 10 cents per lot, may have a stop of approx 160 (depends which pair)
that is a possible loss of 16 dollars for one trade, if you limit your pair to 8 trades it is equal to a 128 dollar loss, The EA is set to 8 trades per pair.

you should be able to suffer a 25% drawdown without worrying....so 4 times $128 = $512.

I would say that one pair, 4 trades at 0.01 per lot would need a bank of $512....all on DEMO , of course until you make YOUR OWN DECISION

I recently had 50 trades on 8 pairs, when some trades went against me it really added up.....NO real cash for now methinks...!!!

I hope this helps. Cheers. S....
Onwards and upwards...
  • #1,998
  • Jun 27, 2013 7:36am Jun 27, 2013 7:36am
Quoting Ax3lTM
I have a question for you , 100Pips . With how much money do I need to start to use 3RD screen strategy ?
After read the thread I started Monday with 149€ on live account. Now i have 307€. About 150€ in 3 days. We will see at the end of today.
This is very profitable strategy.
Alex.
  • #1,999
  • Jun 27, 2013 7:40am Jun 27, 2013 7:40am
Quoting 100PipsADay
{quote} Thanks BritPip! I couldn't agree more with you. I guess some people can only stick with one strategy for so long before moving on to the next holy grail... I'm right there with you in regards to E/A, G/A, C/J, and A/J for my live accounts! It is interesting how this strategy tends to work so well with EUR/AUD, GBP/AUD, & AUD/JPY! These 3 pairs work the best with my live accounts, the past 2 years forward testing, and even on both of my demo accounts that are linked to the thread. Third Screen Strategy Demo Test #1: Total Pips in past 36...
100 PIPS

what are the revised stop and tp levels you are using ?

i think everyone should forget about EA';s and just trade this method manually !
  • #2,000
  • Jun 27, 2013 7:49am Jun 27, 2013 7:49am
Hi 100 pips

I hope you can help me , I am using your 3rd screen Ea and I have 5 pairs open aud/jpy, cad/jpy, aud/usd, nzd/usd , nzd/jpy all are sell as both arrows are pointing down which I understand, I check your explorer and see you have the same pairs but are all buy.

Can you explain is this correct as I have opened my positions at different times than you or is the Ea taking positions when it should not.

Thanks for any help you can give.
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