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Third Screen Strategy - Dr. Alexander Elder

  • #2,081
  • Jul 2, 2013 3:44am Jul 2, 2013 3:44am
Quoting WardStradlat
{quote} 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
Excellent work on your 100% return!

My accounts have different goals (aggressive, moderate, conservative) so I will change total amount of pairs traded as well as lot sizing depending on profit target and account balance.

I do however like to always trade 4-8 positions per pair depending on the pair I trade. Hope this helps!
  • #2,082
  • Edited 4:51am Jul 2, 2013 4:22am | Edited 4:51am
100PipsADay, I have one question:

What happens if there are trades openend by the EA from post #1 and the daily MACD changes directions...would the EA then open trades in the other direction?

I would say it does and has to be disabled if we want to let the trades ride to TP or SL. Correct?
  • #2,083
  • Jul 2, 2013 4:35am Jul 2, 2013 4:35am
Hi 100pipsADay
Thanks for your EA its great and all your work u do for us
If I could ask
What EA is safer to trade 20 50 or 3SS with the same settings
Thanks
  • #2,084
  • Jul 2, 2013 4:39am Jul 2, 2013 4:39am
Quoting 100PipsADay
{quote} Excellent work on your 100% return! My accounts have different goals (aggressive, moderate, conservative) so I will change total amount of pairs traded as well as lot sizing depending on profit target and account balance. I do however like to always trade 4-8 positions per pair depending on the pair I trade. Hope this helps!
Ok, thanks for your answer
  • #2,085
  • Jul 2, 2013 5:06am Jul 2, 2013 5:06am
hi 100pips, maybe I was not clear enough in my previous post. The EA 3ss v1.1 has opened last week sell trades on the aud/usd e.g. 24-6 it opened a sell. This sell trade did not hit tp or sl yet. So these sell trades are still runing. But today macd turned blue and upper Arrow in right corner turned green. So today the EA opened according the rules a buy on aud/usd. Thats why I have sell and buy trades open at the same pair. This is on admiral demo account. If I understand you correctly you let these trades run but your trade explorer has nog sells on Aud/usd?

I saw in your trade explorer, you don't have sells open on this pair, only longs. Have you closed them manualy?
This has occured more, I had this on the Eur/Aud also at around 17 june.
  • #2,086
  • Jul 2, 2013 5:58am Jul 2, 2013 5:58am
Quoting Olarion1975
100PipsADay, I have one question: What happens if there are trades openend by the EA from post #1 and the daily MACD changes directions...would the EA then open trades in the other direction? I would say it does and has to be disabled if we want to let the trades ride to TP or SL. Correct?
The EA WILL NOT open opposing trades for the same pair no matter what. Therefore, you won't need to disable it while waiting for SL or TP targets to get hit.
  • #2,087
  • Jul 2, 2013 5:59am Jul 2, 2013 5:59am
Quoting jasper2603
hi 100pips, maybe I was not clear enough in my previous post. The EA 3ss v1.1 has opened last week sell trades on the aud/usd e.g. 24-6 it opened a sell. This sell trade did not hit tp or sl yet. So these sell trades are still runing. But today macd turned blue and upper Arrow in right corner turned green. So today the EA opened according the rules a buy on aud/usd. Thats why I have sell and buy trades open at the same pair. This is on admiral demo account. If I understand you correctly you let these trades run but your trade explorer has nog sells...
I have never had opposing trades for the same pair open at the same time with this EA as that goes against my strategy.

Are you 100% positive that you have the correct Expert Advisor from the first post of this thread?

Please clarify...
  • #2,088
  • Jul 2, 2013 6:03am Jul 2, 2013 6:03am
Quoting FxIsland
Hi 100pipsADay Thanks for your EA its great and all your work u do for us If I could ask What EA is safer to trade 20 50 or 3SS with the same settings Thanks
I don't trade D1 20 EMA & 50 EMA strategy on live accounts although it does seem to work very well. I have also seen quite a few other members make money using the other strategy.

However, I have been trading using the Third Screen Strategy for about 2 years so I stick with what works for me. I guess you'll have to trade both strategies and figure out what works best for you.
  • #2,089
  • Jul 2, 2013 6:05am Jul 2, 2013 6:05am
Quoting jasper2603
hi 100pips, maybe I was not clear enough in my previous post. The EA 3ss v1.1 has opened last week sell trades on the aud/usd e.g. 24-6 it opened a sell. This sell trade did not hit tp or sl yet. So these sell trades are still runing. But today macd turned blue and upper Arrow in right corner turned green. So today the EA opened according the rules a buy on aud/usd. Thats why I have sell and buy trades open at the same pair. This is on admiral demo account. If I understand you correctly you let these trades run but your trade explorer has nog sells...
Could you post a screen shot of your chart so that I can see the top right corner of your screen?

Thanks!
  • #2,090
  • Jul 2, 2013 6:23am Jul 2, 2013 6:23am
Hi 100pips,

can you explain this i dont think its me.

I have 13 pairs open, on this chart the arrows are pointing down which says i should sell but the ea has opened a buy trade, the ea has done the same on the aud/nzd red arrow down and opened a buy order.

The rest of the pairs have been opened correct according to the strategy.?
Attached Image (click to enlarge)
Click to Enlarge Name: eurcadmc-h1-upfx-capital-markets.png Size: 64 KB
Making money is easy,losing money is easier
  • #2,091
  • Jul 2, 2013 6:27am Jul 2, 2013 6:27am
Quoting Stompe
Hi 100pips, can you explain this i dont think its me. I have 13 pairs open, on this chart the arrows are pointing down which says i should sell but the ea has opened a buy trade, the ea has done the same on the aud/nzd red arrow down and opened a buy order. The rest of the pairs have been opened correct according to the strategy.? {image}
Could you post a D1 chart for EUR/CAD?

I'm not sure WHY this has happened...
  • #2,092
  • Jul 2, 2013 6:29am Jul 2, 2013 6:29am
One thing you could do is manually open a trade in the direction of current trend then Enable the EA and it will only open positions in the direction of current open trades which in this case would be SELL positions for EUR/CAD. Just a thought...
  • #2,093
  • Jul 2, 2013 6:48am Jul 2, 2013 6:48am
Quoting 100PipsADay
{quote} I don't trade D1 20 EMA & 50 EMA strategy on live accounts although it does seem to work very well. I have also seen quite a few other members make money using the other strategy. However, I have been trading using the Third Screen Strategy for about 2 years so I stick with what works for me. I guess you'll have to trade both strategies and figure out what works best for you.
Considering that trigger entry on the lower tf is the same and that once there are open orders on one direction the ea doesn't open opposite orders (I mean in this case when macd change opposite then turn again in the previous main trend) I don't see too much difference among 20&50 and 3SS except for the fact that 3SS is much responsive on turning point and trend change so some difference on those points ..... or am I wrong 100Pips ?

Oh I forgot: another difference is that 20&50 does not open trades when price is in the middle of the 20 and 50 ema, instead 3SS yes.
So we can say that 20&50 is more conservative while 3SS is more aggressive but quite the same I guess...
  • #2,094
  • Jul 2, 2013 6:50am Jul 2, 2013 6:50am
Hi 100pips

Here is the Daily chart eur.cad.
Attached Image (click to enlarge)
Click to Enlarge Name: eurcadmc-d1-upfx-capital-markets.png Size: 64 KB
Making money is easy,losing money is easier
  • #2,095
  • Jul 2, 2013 6:56am Jul 2, 2013 6:56am
Here a screenshot from my chart, you see the old sell entries and the today opened buy trade on aud/usd.

100pips did you closed your sell positions on the aud/usd manually?
Attached Image (click to enlarge)
Click to Enlarge Name: audusddaily.png Size: 70 KB
  • #2,096
  • Jul 2, 2013 7:24am Jul 2, 2013 7:24am
Quoting Stompe
Hi 100pips Here is the Daily chart eur.cad. {image}
Hi Stompe,

Your TP and SL levels seem to be reversed. TP should be greater than SL.

Don't know if that is a clue re the direction of the trade.
  • #2,097
  • Jul 2, 2013 7:39am Jul 2, 2013 7:39am
Quoting philbo
{quote} Hi Stompe, Your TP and SL levels seem to be reversed. TP should be greater than SL. Don't know if that is a clue re the direction of the trade.
Hi Philbo,

It should not make any difference, as i have other pairs open in the correct direction.
Making money is easy,losing money is easier
  • #2,098
  • Jul 2, 2013 10:33am Jul 2, 2013 10:33am
Hi Guys, have a look at the trades table and note that there are 2 demo accounts of 3 rd screen strategy in the top 8...!!!

That is a great result, well done to 100 pips and thanks for all the good charts and stuff,

I would recommend you all hook up to the trade explorer so we can see what each other are trading

Cheers all...
Onwards and upwards...
  • #2,099
  • Jul 2, 2013 10:58am Jul 2, 2013 10:58am
Nice method, indeed .
Also, I'm starting to build new positions, after two weeks of a terrible market range .
So, I'm SHORT : EURAUD, GBPAUD, GBPNZD and LONG : AUDJPY, NZDJPY, CADJPY.
Only 6 pairs, for now.

I think this is a logic basket because they're moving together and they're correlated. Obviously, if the market is against me, I'm in red . I think about another type of basket : maybe more pairs ? Or uncorrelated pairs ? I don't have a clue for the moment.
If anybody can give me some advice, I'm all ears
  • #2,100
  • Jul 2, 2013 12:42pm Jul 2, 2013 12:42pm
Quoting WardStradlat
Nice method, indeed . Also, I'm starting to build new positions, after two weeks of a terrible market range . So, I'm SHORT : EURAUD, GBPAUD, GBPNZD and LONG : AUDJPY, NZDJPY, CADJPY. Only 6 pairs, for now. I think this is a logic basket because they're moving together and they're correlated. Obviously, if the market is against me, I'm in red . I think about another type of basket : maybe more pairs ? Or uncorrelated pairs ? I don't have a clue for the moment. If anybody can give me some advice, I'm all ears
These are my top 6 pairs that I would recommend for this strategy. You're right though, when market moves against you your account can get hit hard but obviously when market moves in your favor you will make very nice returns very quickly.

I would stick with those pairs but make sure you don't over leverage yourself in case market moves against you. You want to still be around for the long haul...
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