Third Screen Strategy - Dr. Alexander Elder | Page 116 | Forex Factory

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Third Screen Strategy - Dr. Alexander Elder

  • #2,301
  • Jul 9, 2013 2:33pm Jul 9, 2013 2:33pm
Quoting 100PipsADay
{quote} In response to your private message because text was too long to message. Hope you don't mind me posting it here... If you are set on trading 10 pairs with this system and are looking to adjust SL & TP parameters to a 1:2 risk/reward ratio then I would trade the following 10 with SL & TP parameters. 10 Recommended Pairs AUD/JPY SL: 175 TP: 350 AUD/USD SL: 175 TP: 350 EUR/AUD SL: 200 TP: 400 EUR/CAD SL: 175 TP: 350 EUR/JPY SL: 200 TP: 400 GBP/AUD SL: 225 TP: 450 GBP/NZD SL: 275 TP: 550 NZD/JPY SL: 175 TP: 350 NZD/USD SL: 175 TP: 350 USD/JPY...
Helps me a lot actually . Thank you for your kindness .
Make choices and don't look back !
  • #2,302
  • Jul 9, 2013 2:35pm Jul 9, 2013 2:35pm
Quoting Purec
{quote} Helps me a lot actually . Thank you for your kindness .
No problem!
  • #2,303
  • Jul 9, 2013 2:40pm Jul 9, 2013 2:40pm
Sounds like everyone is doing well I switched to the third screen this week looks like I chose the wrong week to come on over

I do Good I feel GoodI do Bad I feel Bad
  • #2,304
  • Jul 9, 2013 2:42pm Jul 9, 2013 2:42pm
Quoting Offshore
Sounds like everyone is doing well I switched to the third screen this week looks like I chose the wrong week to come on over
No worries Offshore .....stick with it and all should come good!
  • #2,305
  • Jul 9, 2013 2:53pm Jul 9, 2013 2:53pm
Quoting Tedge UK
{quote} No worries Offshore .....stick with it and all should come good!

Interesting looking at your trade explorer and it and you have G?A as a sell but mine wants to buy I am trading manually so have not taken the trade Plus you have had 800 odd pips today I'm down big time this seems to be happening on a few of my pairs the EA wants to trade against the trend

very odd might have to go back to the old method Thanks

Attached Image (click to enlarge)
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I do Good I feel GoodI do Bad I feel Bad
  • #2,306
  • Jul 9, 2013 2:57pm Jul 9, 2013 2:57pm
Quoting Offshore
{quote} Interesting looking at your trade explorer and it and you have G?A as a sell but mine wants to buy I am trading manually so have not taken the trade Plus you have had 800 odd pips today I'm down big time this seems to be happening on a few of my pairs the EA wants to trade against the trend very odd might have to go back to the old method Thanks {image}
Download and Install the newest Version of the EA (1.3)

I've uploaded it at the bottom of the very first post of the very first thread.

**Also, make sure that you install the "MACD3SS" file into the "Indicators" folder under the "Experts" folder. DO NOT change the file name.

Let me know if that helps...
  • #2,307
  • Jul 9, 2013 3:02pm Jul 9, 2013 3:02pm
Quoting 100PipsADay
{quote} Download and Install the newest Version of the EA (1.3) I've uploaded it at the bottom of the very first post of the very first thread. **Also, make sure that you install the "MACD3SS" file into the "Indicators" folder under the "Experts" folder. DO NOT change the file name. Let me know if that helps...
Will do V1.3 only has he trailing stop feature as a difference though??

MACDSSS installed

cheers
I do Good I feel GoodI do Bad I feel Bad
  • #2,308
  • Jul 9, 2013 3:22pm Jul 9, 2013 3:22pm
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:...
I need some one tell me what is the time between each position in each account Please
and what is better trailing stop or fixed stop
  • #2,309
  • Jul 9, 2013 3:34pm Jul 9, 2013 3:34pm
Quoting 100PipsADay
{quote} Stompe, I am not updating the Live account here because I have had 3 people in the past 2 weeks alone ask me for personal loans so that they can trade their accounts and then pay me back when they're in profit. So from now on I dont' want to be discussing my personal financial situation for everybody to see as it seems the more somebody has the more people want from them. If you need to see a small $5k account to see what is "really going on" as you put it then you have no business trading this strategy. This is not some scalping strategy...

Just because people are asking you for money that is a poor excuse not to keep the live 5k account updated as if one 5k account will give away your finacial details.

It was you idea to show people how you operate a live 5k account , it would show how you go on an a regular basis and keep your emotions in check thats all, which would be of great benefit to new traders to this system.If you have finished with the live account test then say so dont just leave it, its bad manners and not a very good example.

Please dont think that this is a personal attack because it is not, I am using your stratagy which is proving ok at the moment on a live account. I do appreciate all your time and effort that you have put into this thread

All the best
Making money is easy,losing money is easier
  • #2,310
  • Jul 9, 2013 4:03pm Jul 9, 2013 4:03pm
Quoting koko
{quote} I need some one tell me what is the time between each position in each account Please and what is better trailing stop or fixed stop
6 Hour Delay for both accounts.
  • #2,311
  • Jul 9, 2013 4:07pm Jul 9, 2013 4:07pm
Quoting Stompe
{quote} Just because people are asking you for money that is a poor excuse not to keep the live 5k account updated as if one 5k account will give away your finacial details. It was you idea to show people how you operate a live 5k account , it would show how you go on an a regular basis and keep your emotions in check thats all, which would be of great benefit to new traders to this system.If you have finished with the live account test then say so dont just leave it, its bad manners and not a very good example. Please dont think that this is a...
This started happening when I posted my goals for the different accounts, and yes, the $5k (now $6k) account was included... You're right, it was my idea to show people how to operate a $5k account, nothing has changed, go back to the first post of the "$5k Live Test" and you will know exactly what to do.

I think I'm doing enough around here for everybody don't you?

Maybe YOU could show us how you keep your emotions in check and trade on a regular basis?

Please start posting your LIVE results for everybody here to see on at least a weekly basis, preferably on a daily basis. Thanks Stompe!

I'm hoping you will start doing this for us immediately!

By the way, watching somebody's live account or demo account will NOT make a difference for a new trader... My trading psychology is not going to affect your trading psychology one bit. You can either trade real money or you can't! Not sure how my emotions are going to affect yours or anybody else's for that matter.

I must be missing something here...

Your status says: "Trading is what YOU make it" (not what I make it...)
  • #2,312
  • Jul 9, 2013 4:20pm Jul 9, 2013 4:20pm
I have just updated my EA also and have no 1.3 showing anywhere......Comments Show "Third Screen EA - D1 MACD 1.1"....

Broker is Alpari-US...

Working fine....Just letting you know what I am seeing here....

Thanks, Don
  • #2,313
  • Jul 9, 2013 4:21pm Jul 9, 2013 4:21pm
Quoting 100PipsADay
{quote} This started happening when I posted my goals for the different accounts, and yes, the $5k (now $6k) account was included... You're right, it was my idea to show people how to operate a $5k account, nothing has changed, go back to the first post of the "$5k Live Test" and you will know exactly what to do. I think I'm doing enough around here for everybody don't you? Maybe YOU could show us how you keep your emotions in check and trade on a regular basis? Please start posting your LIVE results for everybody here to see on at least a weekly...
Going to say it to you one more time why do you bother
  • #2,314
  • Jul 9, 2013 4:21pm Jul 9, 2013 4:21pm
Quoting 100PipsADay
{quote} This started happening when I posted my goals for the different accounts, and yes, the $5k (now $6k) account was included... You're right, it was my idea to show people how to operate a $5k account, nothing has changed, go back to the first post of the "$5k Live Test" and you will know exactly what to do. I think I'm doing enough around here for everybody don't you? Maybe YOU could show us how you keep your emotions in check and trade on a regular basis? Please start posting your LIVE results for everybody here to see on at least a weekly...
Aloha pippy. Hope all is well. Can't please everyone bro. Don't worry about posting any live accounts. Live account is NO ONE's BUSINESS!

You people seem to forget that whatever you put out on the internet, you're just asking for trouble. If you want someone to put their private live account, and personal info on the net, then feel free to post yours.

Cheers pippy.
  • #2,315
  • Jul 9, 2013 4:21pm Jul 9, 2013 4:21pm
Quoting degil
I have just updated my EA also and have no 1.3 showing anywhere......Comments Show "Third Screen EA - D1 MACD 1.1".... Broker is Alpari-US... Working fine....Just letting you know what I am seeing here.... Thanks, Don
Khaled mentioned yesterday that you need to have a White Background in order to see the V.1.3 in the top right corner.

Is this the EA from the first post?

Could you please take a screen shot of your chart?
  • #2,316
  • Edited 4:40pm Jul 9, 2013 4:22pm | Edited 4:40pm
Quoting Offshore
Sounds like everyone is doing well I switched to the third screen this week looks like I chose the wrong week to come on over
Hi fellow Traders,
First of all i would just like to say big thanks to 100pips for this great Thread and all the hard work of forward/backward/bungy testing that you have done here, great job! I found this Thread when you first started it, then i was away for a month only to come back and there was a 100 pages!!! So can you stop posting for a week i need to catch up!!!! (just joking)
Its a simple and effective system if you use the correct MM, why open 8 positions on 8 pairs if your account can only handle 4?? So my advice is read thro the system, open a demo shove on the EA (get to you in a minute Khaled) and go and read some Rules on Money Management. There really isnt anything more to it than that. But please trade this system manually so you can get a feel for the system as well even if the EA is doing a great job. A computer flies airline planes 80% of the time but there is still a pilot in the cockpit in case something goes wrong!!!

Now its your turn Khaled, you came in here near the start of the thread asked questions and embraced the system and lucky for us you can program EA's as well. (something that i have tried and failed at) So i know what hard work you have put into this as well, so a big thanks to you too. If i am ever in your area i will buy you a beer or two! ;-)

Sorry offshore the above wasnt aimed at you just incase you think i am picking on you. The reason i put your quote in was that i too started 2 demo account this week, which i will put links in here for you to look at, and they are doing quite well. I am doing the demo accounts for my own questions that i would like answered thro testing. They are both setup the same for aggressive trading so i dont want anyone to go out and do the same in a live account please!!!

The pairs on both accounts are as follows:

E/U G/U A/U N/U GBPAUD EURAUD GBPCAD EURCAD GBPNZD UJ EJ AJ CADJPY AND USDCHF

The SL and TP are according to 100pips rules! (i have seen this question a hundred times) so one more time "100pips what is the SL and TP please?" (just joking)

The only difference i have done is that on one of the demo accounts i have a trade manager attached as well. As i am doing this aggressively i have decided to see what the difference in account return is at the end of the trial period of 3-4 months. So on the trade manager account i have set it to bring the SL to BE when the trade gets to 100pips (now where did i get that from?). Also when the trade gets to 200 pips i will take 50% of the trade and leave the remainder to hit the target. ( as set out in 100pips rules).
Like i said these demo accounts are really just for my own interest and are not meant to conflict in anyway with 100pips great system and rules!!!

http://www.myfxbook.com/members/Fore...en-ea-1/631454

http://www.myfxbook.com/members/Fore...en-ea-2/630690 Trade manager attached to this demo account

Thanks again 100pips and Khaled for all your hard work. I will be back when i have caught up on my reading!!

Happy pipping everyone!!
  • #2,317
  • Jul 9, 2013 4:24pm Jul 9, 2013 4:24pm
Quoting claudia1
{quote} Going to say it to you one more time why do you bother
Haha, I guess I never learn...

  • #2,318
  • Jul 9, 2013 4:27pm Jul 9, 2013 4:27pm
Quoting MKFXTrader
{quote} Aloha pippy. Hope all is well. Can't please everyone bro. Don't worry about posting any live accounts. Live account is NO ONE's BUSINESS! You people seem to forget that whatever you put out on the internet, you're just asking for trouble. If you want someone to put their private live account, and personal info on the net, then feel free to post yours. Cheers pippy.
I guess some people need me to prove something to them, as stated in the previous post, I was posting updates but then a few people thought it would be easier to ask me for a personal loan instead of working and saving for their own money.

I have now decided to NOT post ANY live account information from here on out, that is my personal decision and I am entitled to it. Anybody who thinks that watching a LIVE account will make them a better trader is dead wrong!

Good to see hear from you MKFX!
  • #2,319
  • Jul 9, 2013 4:30pm Jul 9, 2013 4:30pm
Quoting 100PipsADay
{quote} I guess some people need me to prove something to them, as stated in the previous post, I was posting updates but then a few people thought it would be easier to ask me for a personal loan instead of working and saving for their own money. I have now decided to NOT post ANY live account information from here on out, that is my personal decision and I am entitled to it. Anybody who thinks that watching a LIVE account will make them a better trader is dead wrong! Good to see hear from you MKFX!
want my paypal details then?
  • #2,320
  • Jul 9, 2013 4:32pm Jul 9, 2013 4:32pm
Quoting TradingTiger
{quote} Hi fellow Traders, First of all i would just like to say big thanks to 100pips for this great Thread and all the hard work of forward/backward/bungy testing that you have done here, great job! I found this Thread when you first started it, then i was away for a month only to come back and there was a 100 pages!!! So can you stop posting for a week i need to catch up!!!! (just joking) Its a simple and effective system if you use the correct MM, why open 8 positions on 8 pairs if your account can only handle 4?? So my advice is read thro the...
Excellent post TradingTiger!

Thank you for your thoughts and contributions but most of all, thank you for taking the time to read through the thread!

This is a gold mine for those of you who actually take the time to read, learn, and apply this strategy! Once again Tiger, great post!
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