Third Screen Strategy - Dr. Alexander Elder | Page 112 | Forex Factory

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Third Screen Strategy - Dr. Alexander Elder

  • #2,221
  • Jul 8, 2013 9:24am Jul 8, 2013 9:24am
Quoting DrNoStopLoss
Just wondering is anyone using the Demo#2 TP and SL parameters on there Live accounts? Just wondeing if I should use this instead of the general TP and SL. The SL are in most cases a lil tighter and TP has more room for profit. 100PipsADay have you thought about using these parameters on your live accounts? Or are you wanting to demo for a set number of months before trying on the live accounts?
I use the wider SL and TP settings on my live account as 100PipsADay uses in his demo #2 and everything is fine so far. 7000+ Pips floating profit still.
I am also a friend of manual intervention and will close trades and/or disable the EAs for selected pairs in case the trend changes (in my opinion) with price action at significant s/r levels.
  • #2,222
  • Jul 8, 2013 10:15am Jul 8, 2013 10:15am
On the phone so I can't post a pic but I manually added a long for USD/JPY due to conditions being met.
I love forex. One day it will love me back.
  • #2,223
  • Jul 8, 2013 12:47pm Jul 8, 2013 12:47pm
Hi Everybody,
Showing honour to several many requests I have done some updates to the TSS D1 MACD EA.

Delay hour has been updated as desired and Trailing Stop Loss feature has been added for comfortable trading.

Everybody Happy Now?

Make sure you see V 1.3 at the upper right corner of your MT4 chart. The MACD3SS has been attached again as it is an obvious part of this EA. Place this MACD3SS to your /expert/indicators folder.

@Erebus : Feel free to update your thread with this update.

Happy trading to all.

Regards,
Khaled
Attached File(s)
File Type: ex4 Third Screen Strategy - D1 MACD.ex4   20 KB | 445 downloads
File Type: ex4 MACD3SS.ex4   3 KB | 361 downloads
KISS - Keep It Simple Smart !!!!
  • #2,224
  • Jul 8, 2013 12:59pm Jul 8, 2013 12:59pm
Quoting khaled_ctg
Hi Everybody, Showing honour to several many requests I have done some updates to the TSS D1 MACD EA. Delay hour has been updated as desired and Trailing Stop Loss feature has been added for comfortable trading. Everybody Happy Now? Make sure you see V 1.3 at the upper right corner of your MT4 chart. The MACD3SS has been attached again as it is an obvious part of this EA. Place this MACD3SS to your /expert/indicators folder. @Erebus : Feel free to update your thread with this update. Happy trading to all. Regards, Khaled {file} {file}
Brilliant, many thanks!!
  • #2,225
  • Jul 8, 2013 1:20pm Jul 8, 2013 1:20pm
Quoting khaled_ctg
Hi Everybody, Showing honour to several many requests I have done some updates to the TSS D1 MACD EA. Delay hour has been updated as desired and Trailing Stop Loss feature has been added for comfortable trading. Everybody Happy Now? Make sure you see V 1.3 at the upper right corner of your MT4 chart. The MACD3SS has been attached again as it is an obvious part of this EA. Place this MACD3SS to your /expert/indicators folder. @Erebus : Feel free to update your thread with this update. Happy trading to all. Regards, Khaled {file} {file}
Thank you very much
  • #2,226
  • Jul 8, 2013 1:25pm Jul 8, 2013 1:25pm
Thank you DJ.. I mean "EA Khaled"

I love forex. One day it will love me back.
  • #2,227
  • Jul 8, 2013 2:22pm Jul 8, 2013 2:22pm
Quoting khaled_ctg
Hi Everybody, Showing honour to several many requests I have done some updates to the TSS D1 MACD EA. Delay hour has been updated as desired and Trailing Stop Loss feature has been added for comfortable trading. Everybody Happy Now? Make sure you see V 1.3 at the upper right corner of your MT4 chart. The MACD3SS has been attached again as it is an obvious part of this EA. Place this MACD3SS to your /expert/indicators folder. @Erebus : Feel free to update your thread with this update. Happy trading to all. Regards, Khaled {file} {file}
Khaled,

Thank you for the updates!
  • #2,228
  • Jul 8, 2013 3:13pm Jul 8, 2013 3:13pm
Delay Hours = 6
What was the old value ?
  • #2,229
  • Jul 8, 2013 3:18pm Jul 8, 2013 3:18pm
Quoting tikku
Delay Hours = 6 What was the old value ?
I believe the "Delay Hours" variable was left blank so that people could choose the delay that they wanted. However, most people (including myself) have been using 6 so maybe Khaled decided to make 6 hours the preset delay.
  • #2,230
  • Jul 8, 2013 3:27pm Jul 8, 2013 3:27pm
okay thanks for your hard work. I´ll let it run on demo this month to check how its doing. Think one month is enough testing. Although i had a biig drawdown on gbp/USD. Will leave this pair alone in future
  • #2,231
  • Jul 8, 2013 4:36pm Jul 8, 2013 4:36pm
Quoting khaled_ctg
Hi Everybody, Showing honour to several many requests I have done some updates to the TSS D1 MACD EA. Delay hour has been updated as desired and Trailing Stop Loss feature has been added for comfortable trading. Everybody Happy Now? Make sure you see V 1.3 at the upper right corner of your MT4 chart. The MACD3SS has been attached again as it is an obvious part of this EA. Place this MACD3SS to your /expert/indicators folder. @Erebus : Feel free to update your thread with this update. Happy trading to all. Regards, Khaled {file} {file}
Thanks for the update, I have mentioned this post in the support thread.

Also I have applied this EA to a MT4 where I never had it before, so I'm sure that it is the latest version BUT

I am not seeing the V 1.3 as you describe ?

Can anyone who see this please post a screen shot?

Thanks, E

It takes a lot for me to IGNORE you, but you can try.
  • #2,232
  • Jul 8, 2013 4:50pm Jul 8, 2013 4:50pm
To be clear, here is what I see, it has taken a trade, and in the Comments it has put V 1.

Strange, anyone running the update yet can report, thanks

Attached Image (click to enlarge)
Click to Enlarge Name: 0038.png Size: 121 KB
It takes a lot for me to IGNORE you, but you can try.
  • #2,233
  • Jul 8, 2013 4:51pm Jul 8, 2013 4:51pm
Quoting Indrek
{quote} I was not speaking about the strategy but the EA if it is left alone. In all of my posts I have said that I like the system but it needs attention and discretion just like any other system. EA and strategy are two totally different things and trading hourly/daily charts does not need an EA at all if a trader takes trading seriously. But if using an EA then the trader has to add his own skill and understanding to what the robot is doing.
Indrek, totally agree in sentiment and experience so far. I've been pumped about this strategy since finding it last month and the ea has to be seen as a "supplement" or aid for your trading. So far, I am up 30% since June 27th with manual intervention and just minimal screentime..just have to catch the ea algorithm.
  • #2,234
  • Jul 8, 2013 8:06pm Jul 8, 2013 8:06pm
Quoting Erebus
To be clear, here is what I see, it has taken a trade, and in the Comments it has put V 1. Strange, anyone running the update yet can report, thanks {image}
Hi Erebus,
Please make your chart background white and then you will see V 1.3 at upper right corner of your chart.
I think the comment column unable to display the full comment.

Regards.
KISS - Keep It Simple Smart !!!!
  • #2,235
  • Jul 8, 2013 8:22pm Jul 8, 2013 8:22pm
last week was a poor week for me. lost overall. eu got stopped out. closed gu for a loss.

gj long still open. 2nd position opened - now in profit. will need to recover loss of last week and make more....
  • #2,236
  • Jul 8, 2013 8:51pm Jul 8, 2013 8:51pm
Quoting 100PipsADay
{quote} Hello Vladutz, I normally put a SL anywhere from 150-180 and a TP anywhere from 250-350. When positions are moving in profit, I will scale in anywhere from 4-8 positions depending on the strength of the trend. Normally I will have 4 positions open for any particular currency pair. Feel free to follow my Trade Explorer during the next few weeks for new open positions. Hope this helps! Happy Trading

Hi 100,

I know u have posted your various SL/TP for the pairs, but I have placed 3ss on auto, and didnt seem to have your success with the 2 demos, was wondering whether u could give some tips.
  • #2,237
  • Jul 8, 2013 9:34pm Jul 8, 2013 9:34pm
Quoting ymleong
{quote} Hi 100, I know u have posted your various SL/TP for the pairs, but I have placed 3ss on auto, and didnt seem to have your success with the 2 demos, was wondering whether u could give some tips.
Not really sure what to say other than that I don't let it trade on auto pilot 100% of the time...
  • #2,238
  • Jul 8, 2013 9:41pm Jul 8, 2013 9:41pm
Quoting Indrek
{quote} If to follow the rules mechanically then yes. But using some discretion I would wait for bigger retracement to near 1.5 level at least. Break of EMA50 on hourly chart would be appreciated
Thanks INDREK for your positive comment..this trade GBP/USD has not scored too many pips yet..This is how it looks next day ( HOURLY)..

Attached Image (click to enlarge)
Click to Enlarge Name: july 9 1.png Size: 219 KB


Cheers. S
Onwards and upwards...
  • #2,239
  • Jul 8, 2013 9:46pm Jul 8, 2013 9:46pm
For those of you who are interested I have actually gone ahead and do some back testing this weekend for the following pairs:

AUD/JPY, AUD/USD, CAD/JPY, EUR/AUD, GBP/AUD, NZD/JPY, NZD/USD, USD/JPY (the 8 pairs in Demo Test #1)

All pairs used a set 160 Stop Loss and a 320 Take Profit.

All pairs were tested from May 1st, 2011 through July 5th, 2013.

*I know some don't care for back testing and others like to see the performance. Again, AUD/JPY takes the cake in terms of Pips with over 20,000+ pips in the 2 years worth of back testing...

This back testing was actually unnecessary due to my past 2 years of Forward Testing this strategy, however, this will show you that this strategy can in fact be profitable if traded 100% on auto pilot. I do not recommend this though...
  • #2,240
  • Jul 8, 2013 9:48pm Jul 8, 2013 9:48pm
AUD/JPY
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDJPY Report.png Size: 35 KB
Click to Enlarge Name: AUDJPY Graph.png Size: 43 KB
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