Magic-Breakout (optimised) with PPA - a new beginning

Excellent, well done. Are you going to share or is it proprietary?

Hi TheMaxx

Will do over the coming week.

Having a problem with the EA so need to sort it out first.

Can of course be traded manually!

Rgds

Hi everyone

Going OK today after a wonky night. Still testing the EA

Using the vegas daily with CCI confirmation really does work.

Don't worry about the DD on above explorer - simply caused by over - leveraging which I shall stop doing. Maximum now will be .03 micro-lot.


I will be updating anyone who is interested in the next few days once the EA is working OK (with great appreciation to Cyber1)

Hi everyone

Well again humble apologies for being a bit scarce lately! Have been waiting for the new vegas EA - which with the greatest of thanks and gratitude to cyber1 is now up and running!

I am also using the FXPT_CCI ea but I have changed the setting completely so that it now takes a trade far earlier in a move (after a consolidation). The results I have posted above (trade explorer)

Good job

Thanks, The Maxx


Yep, nearly 400 pips in 2 days - not bad going really. And this time, I'm attempting to keep the leverage down to 0.01 or 0.02 as the account was opened with only $120

Really don't need high leverage if the pip haul is high - getting near to "holy grail" territory at last!

Just about ready to go forward with live money I think. Let's see how we've done by Friday evening

Hi everyone

Going to be looking at PPA over the next few days

Wonderful strategy and totally overlooked by 99% of RT's

Hi everyone

Rather a miserable day today really as we've had false breakouts on most pairs

GBPAUD has been the best - slow but sure uptrend

GU and EU choppy


Just saw GJ - unfortunately it's not one of the pairs I usually trade - but lovely uptrend today - possibly too late to jump in but looks like getting to 1.52

Well in the end we got 143 pips for the day - not too bad.

541 pips in 3 days - have to be doing something right!

Account balance is 50% up - should have been nearly $200 already but forgot to put a TP (3070) on that EU sell trade at 3080 causing a loss of $18 altogether!

Hi everyone

Well the TE shows 23 pips but in actual fact it's nearer 50 because of the gold trades.

Should have had a lot more pips from the GBPNZD sell trade that picked up BY the VEGAS ea - have to adjust the trailing stop function.

That's an $80 gain (about 67% gain) on the account in three days without any hgh risk trading!

The attached GOLD chart shows a great day for our CCI ea!

Nice day for most pairs if one was ready for the reversal.


A very interesting thing to remember is this: watch for reversals on Wednesdays!


Remember too to switch from swing trades to trend trades when the trend is strong in one direction.

Hi everyone

I've had a lot of people asking about the new vegas tunnel ea (and strategy) so I'm going to go over the whole strategy with charts over the next few days.

A couple of important things:

1/ The vegas currency daily tunnel indi is designed to work on 5 digit MT4 platforms - otherwise it's going to be hugely wide!

2/ The FXPT 1 hr tunnel ea (revised) opens trades once a candle breaks through the 377 fib line and closes.


We have a great example of the strategy in action right now - please see the XAUUSD chart below. I have also opened a manual trade. Looking for at least $10 rise in Gold = 100 pips!!

Hi everyone

Well, I took the profit since I don't like keeping trades open overnight - should probably kept them open!

The idea is once you're in the trade and price action stays ABOVE (or below if you're selling) the 12 EMA (which is the blue dotted line on my chart), you stay in the trade for as long as possible!!

Hi everyone

Well I should have kept that GOLD trade open - TRUST the system!!

GJ and EJ as well as GBPAUD and EURAUD nicely in the "sell zone"

USE OUR BOUNCE EA IN TRENDING SITUATIONS

Hi everyone

Well Friday was actually a very good trading day especially if we concentrated on the JPY trading pairs (GJ,EJ,UJ)

I've been asked about what happens when price action has already jumped out of our idea buy/sell zone (between 377 and 610 fib) and is retracing back into the tunnel?? Well it's a good one because of course we may not be able to find a nice entry point again. So what we can do is use the 12 EMA (in strongly trending situations it's a great FILTER) as a "bounce EMA" to bounce trades off. It's important to find the correct time frame and that case and looking at UJ on Friday for instance, we would have had to have gone down to the 30 min chart to find an ideal "bounce point". If you don't want to be watching the charts all day waiting for price action to come to your bounce point all the time (and it did 6 times in the case of UJ last friday) then you can simply set up our "price_bounce_off_ma EA" to do it for you!

You are probably asking: Jerry, how do I know that price action is going to come nicely back to the 12 EMA every time? Well obviously we cannot guarantee that it will but VERY OFTEN you will find that if price action bounces off a particular EMA once or twice it will continue to "favour" that particular EMA - have a look particularly at the EMA's that I use in my template and you'll see what I mean!

Gr8.

Hi Jmtini,

I have sent you private message, pls check.

Thank you Jerry for all of your hard work. Also thank you for stating one very important thing. Look for reasons to not trade. I heard it and I think I'm learning.

Also, I noticed a strength meter on some of your charts. What is it's name? Do you not use it? Is it not useful? Seems that it could be used to find trending pairs negating the need to have a bunch of charts open all at once.

Thanking you in advance.

Hi Kaydoubleyou

No problem at all

I've attached the indi for you. I'm using it constantly. Very useful.