Third Screen Strategy - Dr. Alexander Elder | Page 120 | Forex Factory

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Third Screen Strategy - Dr. Alexander Elder

  • #2,381
  • Jul 11, 2013 7:43am Jul 11, 2013 7:43am
Quoting Indrek
People, once more, DO NOT trade this system mechanically. It is a winner if handled with discretion and logic. It is not possible to make living from trading if your account is one day +30% and another day -30%. You need stable and permanent positive cash flow. First thing to look - if daily MACD is rising or falling. It is not enough to look only at its color.
Thanks for your advice...I agree with you and I am trading manually as well as letting the EA do it's thing.

If I trade with my knowledge and dicretion..I should be able to do better than the EA...I will be delighted if I do...

The EA is doing great so far though...

My trade explorer will tell the tale...0.1 is the EA and 0.11 are my manual trades,

It is refreshing to see a thread where the posters are telling of their losses and drawdowns, ( all part of life IMO ) it is also great to see trade explorers on display.. good luck all..Cheers S
Onwards and upwards...
  • #2,382
  • Jul 11, 2013 9:17am Jul 11, 2013 9:17am
I got clobbered the past few days on my micro account. I learn my lessons best on this live account. I will definitely stick to this strategy but I need to pay attention to divergence. I saw it too late but the %R 1H for gpd/aud was quite obvious.
I love forex. One day it will love me back.
  • #2,383
  • Jul 11, 2013 9:22am Jul 11, 2013 9:22am
As I warned before,there is big resistance zone on yen pairs.I exit my trades on Tuesday,now I see that everything goes short.
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  • #2,384
  • Jul 11, 2013 9:30am Jul 11, 2013 9:30am
Hi all,
Went Long Au, in my live account, EA is working on the demo account as well on longs. Just waiting for NzdU now as well.

http://screencast.com/t/Lkx2B2oIWQP5

http://screencast.com/t/7b2eIPw8M
  • #2,385
  • Jul 11, 2013 9:48am Jul 11, 2013 9:48am
Hi everyone,

First off my utmost gratitude to 100pips & khaled for this system.I have been a slilent lurker on this thread reading and gleaning information.I have read this system about five times over from the first post to the last for the last 1 month..i have put this system on demo to observe and see how it performs just for 1 week...first off this system is a lot more volatile than d120ema50ema..its volatility can be both a blessing and a curse.

If you want it to be a blessing then look at your RISK MANAGEMENT OUTLOOK..simple as that..i have a Third Screen demo going on a $10,000 account using 0.1 lots..no manual intervention...right now its in drawdown at nearly 11.8% and showing a maximum bookable loss of 1,180usd at the moment.On the other hand i have been running d120 ema 50 ema on another demo with a similar amount using 0.1 lots ..no manual intervention too...right now its drawdown is at a miniscule 0.2% and showing a maximum bookable loss of 23 usd..

My point is PATIENCE and LONGETIVITY is the key to this wonderful system.

My only suggestion to the Great khaled and Lord 100pips is to look at the lot sizes input on Third Screen..it only allows minilots and standard lots but doesnt allow microlots i.e 0.01 upto 0.09..on the other hand d120ema50ema does allow microlots..if maybe it can be programmed to trade on microlots too then it think you will have just gotten that closer to the HOLY GRAIL..a fast sytem but cognizant of risk management...as one famous maxim in trading says...mANAGE RISK,AND THE PROFITS WILL TAKE CARE OF THEMSELVES

Over to you Lord 100pips & the Great Khaled

Cheers to all
Carpe Diem
  • #2,386
  • Jul 11, 2013 9:57am Jul 11, 2013 9:57am
on the last days 3SS make you dance over the burning coals ....
luckily I went live on a live micro account with small lots and trading not all pairs, so my loss is just some few dollars.
maybe 20/50 went better on some pairs due to old trends following ....
  • #2,387
  • Jul 11, 2013 10:07am Jul 11, 2013 10:07am
Quoting acosma
on the last days 3SS make you dance over the burning coals .... maybe 20/50 went better on some pairs due to old trends following ....
hahaha..precisely Acosma..3SS can amass pips like crazy on a trend but once you enter a consolidation or ranging zone as is natural with any end of trend then you will think your seat is made of hot coal and there is no extinguisher in near sight..thats why am suggesting adding the microlot feature that is on d120ema50ema to the brilliant programming logic of 3SS too..that way we ride the bumpiness and volatility without thinking of having vomit bags near our desks...hahahahahahehe
Carpe Diem
  • #2,388
  • Jul 11, 2013 10:22am Jul 11, 2013 10:22am
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AUD/USD. Daily MACD is pointing up, %R on 1H is oversold along with a possible higher low forming as well. Any thoughts?
I love forex. One day it will love me back.
  • #2,389
  • Jul 11, 2013 12:04pm Jul 11, 2013 12:04pm
Quoting nkimandi
Hi everyone, First off my utmost gratitude to 100pips & khaled for this system.I have been a slilent lurker on this thread reading and gleaning information.I have read this system about five times over from the first post to the last for the last 1 month..i have put this system on demo to observe and see how it performs just for 1 week...first off this system is a lot more volatile than d120ema50ema..its volatility can be both a blessing and a curse. If you want it to be a blessing then look at your RISK MANAGEMENT OUTLOOK..simple as that..i have...
I'M Trading micro lots with 3rd screen
  • #2,390
  • Jul 11, 2013 12:15pm Jul 11, 2013 12:15pm
Quoting Singha83
{image}{image}AUD/USD. Daily MACD is pointing up, %R on 1H is oversold along with a possible higher low forming as well. Any thoughts?
First we saw a fast and strong move up then as fast and strong move down. For me, no reason to be involved in such an unclear situation. So, I would wait until the pair settles down. A new lower low would be nice to be formed at H4 timeframe before considering a long trade. But that is just my personal opinion. I am always trying to avoid unnecessary risks (i.e no mechanical trading and no EA).
  • #2,391
  • Jul 11, 2013 4:10pm Jul 11, 2013 4:10pm
Quoting Indrek
{quote} First we saw a fast and strong move up then as fast and strong move down. For me, no reason to be involved in such an unclear situation. So, I would wait until the pair settles down. A new lower low would be nice to be formed at H4 timeframe before considering a long trade. But that is just my personal opinion. I am always trying to avoid unnecessary risks (i.e no mechanical trading and no EA).

Totally Agree but bloody hard to get out of positions when Han-kerchief (ben bernanke) opens his mouth

I closed what positions I could to lessen the damage and have gone back to using the MA Ribbon as a further guard for entries

Demos down 12% and 58% live account down 26% for the week which is funny as I had a great feeling Monday that this would be a good week

Have a good weekend everyone even though some are still in Thursday

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I do Good I feel GoodI do Bad I feel Bad
  • #2,392
  • Jul 11, 2013 4:42pm Jul 11, 2013 4:42pm
Quoting Offshore
{quote} Totally Agree but bloody hard to get out of positions when Han-kerchief (ben bernanke) opens his mouth I closed what positions I could to lessen the damage and have gone back to using the MA Ribbon as a further guard for entries Demos down 12% and 58% live account down 26% for the week which is funny as I had a great feeling Monday that this would be a good week Have a good weekend everyone even though some are still in Thursday {image}
I hope so, Monday will be a good week for us. I have closed all open trades in my live account sacrificing 20% profit which I have earned for the last 3 week
The horse is alive and still have full chance to ride on it

Good Luck to all.
KISS - Keep It Simple Smart !!!!
  • #2,393
  • Jul 11, 2013 9:34pm Jul 11, 2013 9:34pm
Hi all

Thanks for a great thread, been following it for a while now!

I just put on 2 trades, 2 shorts on EUR/AUD and GBP/AUD. Iam expecting EUR/AUD to bounch of the recistence, taking GBP/AUD with it due to corelation. Let me know your thoughts!

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  • #2,394
  • Jul 11, 2013 10:47pm Jul 11, 2013 10:47pm
To know which chat is what would also be helpful
How to opt out annoying user signatures ??
  • #2,395
  • Jul 11, 2013 11:02pm Jul 11, 2013 11:02pm
Quoting Toranaga
To know which chat is what would also be helpful
The bottom one is H1, top D1
  • #2,396
  • Jul 11, 2013 11:20pm Jul 11, 2013 11:20pm
Turkish Lira ?
How to opt out annoying user signatures ??
  • #2,397
  • Jul 12, 2013 1:14am Jul 12, 2013 1:14am
Quoting Liquidsnake
Iam expecting EUR/AUD to bounch of the recistence, taking GBP/AUD with it due to corelation. Let me know your thoughts! {image} {image}
After such a big and smooth uptrend I would wait a bit more before trading EURAUD south. One possible confirmation may be if Williams gets overbought again but price does not break the last high.
I know that I am often too conservative
  • #2,398
  • Jul 12, 2013 2:07am Jul 12, 2013 2:07am
Quoting khaled_ctg
{quote} I hope so, Monday will be a good week for us. I have closed all open trades in my live account sacrificing 20% profit which I have earned for the last 3 week The horse is alive and still have full chance to ride on it Good Luck to all.
Hello Khaled_ctg & 100pipsaday, thank you so much for your posting the EA on this thread. Can you explain the different between the Third Screen D1MACD V.1.1 and V.1.3?
  • #2,399
  • Jul 12, 2013 2:46am Jul 12, 2013 2:46am
My live account got hit hard -44% was up 33% and I disabled the EA. Monday I look for new trends and start again with a smaller lotsize. This is the second time this drawdawn happens to me. First time was on demo. I thougt the news could get some nice entries and the trend would continue. But 12 sl were hit in a row at 5 pairs. I will wait till trends have become clear and then put the EA on again.

Hope you guys did better, saw that 100pips also has big drawdowns in his demo accounts. Next time there is FOMC I close my positions!
  • #2,400
  • Jul 12, 2013 3:34am Jul 12, 2013 3:34am
Quoting khaled_ctg
{quote} I hope so, Monday will be a good week for us. I have closed all open trades in my live account sacrificing 20% profit which I have earned for the last 3 week The horse is alive and still have full chance to ride on it Good Luck to all.

Hi Khaled, I see a lot of people closing out positions when things go the wrong way.
I am surprised you are doing it too, isn't the idea of this strategy to let the positions either hit S/L or T/P?


As long as your T/P is greater than your S/L and you win over 50% of the time your account will grow.

100pips has shown the win rate to be much higher than 50% and S/L's can be 1:2 or 1:1.5.


Such huge % swings are not for me so I start off with a lower Lot per £1000.
I am using 0.02 on 7 pairs, max 8 positions with a £4700 account.
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