Third Screen Strategy - Dr. Alexander Elder | Page 104 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Substitute for screen time? 5 replies

Alexander Elder's Channel 4 replies

Elder-Rays 3 replies

Attachments: Third Screen Strategy - Dr. Alexander Elder
Exit Attachments

Third Screen Strategy - Dr. Alexander Elder

  • #2,061
  • Jul 1, 2013 10:30am Jul 1, 2013 10:30am
Quoting ozziedave
{quote} Hi 100pips My first post. I see on your list for 1 July that you are flat on several pairs; for example, GBPUSD, EURUSD NZDUSD. My question is you've entered positions or already have positions on most of the pairs, why are you flat on those 3 pairs and will you enter positions this week based on your daily MacD? Just trying to figure out what would make you decide sit on your hands and not take a signal and enter a position. Lets face it everyday there are signals to be taken. I realise that you limit your positions per pair to 4, I understand...
It's all about personal preference. I think I'll stick with AUD/JPY, NZD/JPY, CAD/JPY, EUR/AUD, GBP/AUD, and GBP/NZD for the time being. SL & TP parameters are the same.

I actually have a max positions of up to 8 per pair for most pairs.
  • #2,062
  • Jul 1, 2013 10:50am Jul 1, 2013 10:50am
Quoting Indrek
{quote} Are you using additional filters? I noticed that you have sold EURAUD and EURNZD right at top today and yesterday, instead of entering 100+ pips lower when Williams was already showing overbought...
No additional filters (indicators). I filter out the best opportunities based on my TA. That means I only activate the EA for selected pairs.
  • #2,063
  • Jul 1, 2013 11:02am Jul 1, 2013 11:02am
Quoting Olarion1975
{quote} No additional filters (indicators). I filter out the best opportunities based on my TA. That means I only activate the EA for selected pairs.
The same pairs than 100Pips ? or you have your own selection
  • #2,064
  • Jul 1, 2013 11:46am Jul 1, 2013 11:46am
Quoting Redsunfx
{quote} The same pairs than 100Pips ? or you have your own selection
The same pairs as 100PipsADay trades in his Demo #2.
  • #2,065
  • Jul 1, 2013 4:52pm Jul 1, 2013 4:52pm
Quoting Olarion1975
{quote} The same pairs as 100PipsADay trades in his Demo #2.
  • #2,066
  • Jul 1, 2013 4:58pm Jul 1, 2013 4:58pm
Third Screen Strategy #1: 41 Days

  1. 19,000 Pips
  2. 90% Return
  3. 24% Drawdown
  4. Profit Factor - 3.25
  5. 67% Win Rate

Third Screen Strategy #2: 64 Days

  1. 43,000 Pips
  2. 95% Return
  3. 6% Drawdown
  4. Profit Factor - 2.96
  5. 63% Win Rate

Anybody still wondering if this strategy is profitable?

  • #2,067
  • Jul 1, 2013 5:13pm Jul 1, 2013 5:13pm
Quoting 100PipsADay
Third Screen Strategy #1: 41 Days 19,000 Pips 90% Return 24% Drawdown Profit Factor - 3.25 67% Win RateThird Screen Strategy #2: 64 Days 43,000 Pips 95% Return 6% Drawdown Profit Factor - 2.96 63% Win RateAnybody still wondering if this strategy is profitable?

Thank you 100 pips
its really solid your system

but demo1 is 20-50 Ema
and demo2 is 3ss is correct?

Thanks from Egypt
  • #2,068
  • Jul 1, 2013 6:27pm Jul 1, 2013 6:27pm
Quoting Amirsaid
{quote} Thank you 100 pips its really solid your system but demo1 is 20-50 Ema and demo2 is 3ss is correct? Thanks from Egypt
oh boy
  • #2,069
  • Jul 1, 2013 6:30pm Jul 1, 2013 6:30pm
I watch demo number #1 like a hawk just for some extra practice confirmation, And man let me tell you what, that is quite impressive.

  • #2,070
  • Jul 1, 2013 6:54pm Jul 1, 2013 6:54pm
Quoting Amirsaid
{quote} Thank you 100 pips its really solid your system but demo1 is 20-50 Ema and demo2 is 3ss is correct? Thanks from Egypt
Amer,
100 pips has answered this a few times already. They are both Third Screen Strategy using different pairs and SL & PT. Post 2052 contains the summary.
  • #2,071
  • Jul 1, 2013 8:14pm Jul 1, 2013 8:14pm
Quoting 100PipsADay
Third Screen Strategy #1: 41 Days 19,000 Pips 90% Return 24% Drawdown Profit Factor - 3.25 67% Win RateThird Screen Strategy #2: 64 Days 43,000 Pips 95% Return 6% Drawdown Profit Factor - 2.96 63% Win RateAnybody still wondering if this strategy is profitable?
Look at my trade explorer to see if this is profitable..!! Green pips everywhere (3rd screen strat trades at 0.1 lots in my TE)

Follow the rules and Keep It Sweet and Simple...Cheers all (esp 100pips)...
Onwards and upwards...
  • #2,072
  • Jul 1, 2013 9:47pm Jul 1, 2013 9:47pm
Thank you 100pips for a great EA.

Just thought I share some Price Action analysis on GBPAUD below. Daily chart showing a Dark Cloud Cover candlestick which reinforces a bearish outlook for this pair.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpauddaily.png Size: 54 KB
  • #2,073
  • Jul 2, 2013 12:50am Jul 2, 2013 12:50am
Thanks HOPE for sharing that screen... my GBP/AUD has been in SELL mode for a few days now, i use the MACD adjustable..

Attached Image (click to enlarge)
Click to Enlarge Name: JULY 2 1.png Size: 14 KB


here on the HOUR 1 chart The WILLIAMS%R is over bought and we are looking for a SELL trade ( for me at the next swing low)..EA has already entered..!!

Attached Image (click to enlarge)
Click to Enlarge Name: july 2 2.png Size: 13 KB


Hope this chart posting will help newbies to this thread, also you may realise just how simple and straightforward this strat is...
Onwards and upwards...
  • #2,074
  • Jul 2, 2013 1:16am Jul 2, 2013 1:16am
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
Hi 100PipsADay,

Thanks for this wonderful and simple-to-understand system and the excellent coded EA.

For one, I am blessed to found this after been trying lots of other "simple" system with mixed results.

Just one quick question on your live account. Do you also apply the same EA to it? What's the yield results and profit level as compared to the 2 demo ones I have seen.

That will be helpful

Many thanks.
  • #2,075
  • Jul 2, 2013 2:39am Jul 2, 2013 2:39am
Can I get some advice? I have the situation that the EA has opened a buy entry on the aud/usd. MACD switched to uptrend on daily.While I also have sell trades open on that pair from the EA. Should I close the sells manualy or close the buy trade. MACD is now in an uptrend, but weekly is still down? How do you 100pips handle this situation?
  • #2,076
  • Jul 2, 2013 2:47am Jul 2, 2013 2:47am
Quoting jasper2603
Can I get some advice? I have the situation that the EA has opened a buy entry on the aud/usd. MACD switched to uptrend on daily.While I also have sell trades open on that pair from the EA. Should I close the sells manualy or close the buy trade. MACD is now in an uptrend, but weekly is still down? How do you 100pips handle this situation?
First of all, I'm not sure HOW you have open SELL and BUY positions for the same pair! You must be using a different EA then the one attached on this particular thread...

Second, it's up to you whether you want to wait for SL / TP targets to get hit before opening trades in a new position. Or you can close trades manually and open up in new direction. I prefer to wait for SL or TP targets to get hit and then I reassess the situation for that particular pair. I can't even count the number of times that I had a trade move against me and come within 10 pips of hitting my SL only to reverse and end up moving in my favor and end up hitting my TP target!

Just stick to the Daily time frame using the MACD. Don't worry about the Weekly trend at this point in time...
  • #2,077
  • Jul 2, 2013 2:50am Jul 2, 2013 2:50am
Quoting 100PipsADay
Third Screen Strategy #1: 41 Days 19,000 Pips 90% Return 24% Drawdown Profit Factor - 3.25 67% Win RateThird Screen Strategy #2: 64 Days 43,000 Pips 95% Return 6% Drawdown Profit Factor - 2.96 63% Win RateAnybody still wondering if this strategy is profitable?
yup.. agree with pippie,
This system is very simple and profitable, there is no reason to make these system become more complicated, follow the instructions that have been given and wait for the results, patience is the soul of this system.

100pips thank you for giving us hints and explanations about TSS and your current favorite pairs.

cheers
  • #2,078
  • Jul 2, 2013 2:53am Jul 2, 2013 2:53am
Quoting PipsMyRide
{quote} yup.. agree with pippie, This system is very simple and profitable, there is no reason to make these system become more complicated, follow the instructions that have been given and wait for the results, patience is the soul of this system. 100pips thank you for giving us hints and explanations about TSS and your current favorite pairs. cheers
Hey PipsMyRide, no problem buddy! We're all in this industry trying to make money so why not share what has worked for me

You're so right when you say that patience is the soul of this system!
  • #2,079
  • Jul 2, 2013 3:10am Jul 2, 2013 3:10am
Quoting rickylimsc
{quote} Hi 100PipsADay, Thanks for this wonderful and simple-to-understand system and the excellent coded EA. For one, I am blessed to found this after been trying lots of other "simple" system with mixed results. Just one quick question on your live account. Do you also apply the same EA to it? What's the yield results and profit level as compared to the 2 demo ones I have seen. That will be helpful Many thanks.
You're welcome. The system is almost identical but I don't trade my live accounts on MT4 (except for my grid strategy) for various reasons.

I started with $100k in August of 2012 and am now up to a little over $250k. However, I've taken profits out on a monthly basis and have spread out funds between other accounts.

Main Account - Profit Target of 10% a month using Third Screen Strategy ($167k)
Moderate Account - Profit Target of 20% a month using Third Screen Strategy $60k)
Aggressive Account - Profit Target of 30% a month using Third Screen Strategy ($6k)
Aggressive Account - Profit Target of 35% a month using Power Grid FOREX Trading System ($35k)

**Obviously I don't always reach monthly profit targets, however, sometimes I exceed monthly profits.

These two demo accounts were definitely more aggressive then what I would normally trade on my live accounts.
  • #2,080
  • Jul 2, 2013 3:35am Jul 2, 2013 3:35am
Quoting 100PipsADay
{quote} You're welcome. The system is almost identical but I don't trade my live accounts on MT4 (except for my grid strategy) for various reasons. I started with $100k in August of 2012 and am now up to a little over $250k. However, I've taken profits out on a monthly basis and have spread out funds between other accounts. Main Account - Profit Target of 10% a month using Third Screen Strategy ($167k) Moderate Account - Profit Target of 20% a month using Third Screen Strategy $60k) Aggressive Account - Profit Target of 30% a month using Third Screen...
Hi buddy, and thanks again for this powerful system .
I'm using this method and, in one month, I increase my account by 100% !

Just one question. What do you mean about "moderate" and "aggressive" ? Is it the number of pairs that you trade and/or the leverage and/or the number of positions by pair ?

Thanks in advance
3 traders viewing now