Third Screen Strategy - Dr. Alexander Elder | Page 131 | Forex Factory

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Third Screen Strategy - Dr. Alexander Elder

  • #2,601
  • Jul 28, 2013 8:45pm Jul 28, 2013 8:45pm
Anyone follow these guys I am NOT a part of there team I was a client but now only get these FREE email reports every week

Nick is a good Kiwi guy living in the UK now big on dollar index movements to trade currency

See what you think you can subscribe

http://www.tradewithprecision.com/ma..._nick_mcdonald
I do Good I feel GoodI do Bad I feel Bad
  • #2,602
  • Jul 29, 2013 12:07am Jul 29, 2013 12:07am
Everything looks nice so far...16,000+ pips floating profit...
Attached Image
  • #2,603
  • Jul 29, 2013 1:51am Jul 29, 2013 1:51am
Quoting Olarion1975
Everything looks nice so far...16,000+ pips floating profit... {image}
Nice!

So how many total pips (closed and floating) have you made with this system to date?
  • #2,604
  • Jul 29, 2013 2:03am Jul 29, 2013 2:03am
Quoting 100PipsADay
{quote} Nice! So how many total pips (closed and floating) have you made with this system to date?
I trade all 20 pairs according to your demo #2 with max. 16 positions per pair.

I've been trading this system since 4 weeks and have made about +6,000 pips on closed trades.
About 16,000+ pips still floating...I expect to take profit on many of them this week.

And all with minimum screen time, so really stress-free trading. Thanks again for sharing!
  • #2,605
  • Jul 29, 2013 2:22am Jul 29, 2013 2:22am
Quoting Olarion1975
{quote} I trade all 20 pairs according to your demo #2 with max. 16 positions per pair. I've been trading this system since 4 weeks and have made about +6,000 pips on closed trades. About 16,000+ pips still floating...I expect to take profit on many of them this week. And all with minimum screen time, so really stress-free trading. Thanks again for sharing!
Excellent!

Keep up the good work Olarion
  • #2,606
  • Jul 29, 2013 2:38am Jul 29, 2013 2:38am
This could become a bad week for me, my first(long) yen pairs have hit SL..
  • #2,607
  • Jul 29, 2013 6:56am Jul 29, 2013 6:56am
Quoting Erebus
{quote} Yes, I feel much better now that I am corrected ..... and if people want to send their money somewhere without checking the facts, then just move along to the next post because you, like Godwin, have completely missed the point. It is my impression, from my limited use of Forex brokers, that it is quite easy to find where they are regulated, and what those regulations are; usually you can find this by an easy to find link on the broker website. I am not saying this is the case with this broker; I am just saying do your own research. And...
Regulation of brokers is a tough one, as your personal protection is mostly down to the country that you live in. To take the MF Global example - anyone with MF global funds under £50,000 were protected in the UK. Same as what happened to Worldspreads in Ireland. If you deposited your money whilst in China (for example) you would have had no protection.

It mostly comes down to where your funds have come from, then you are subject to deposit protection as per your country laws.

A knew a few people who had funds with MF global and Worldspreads - they got some compensation but all their positions were closed out by the broker as very suspicious levels.

If a broker goes down, you are going to lose money wherever it is. These internet bucketshops from Seychelles, Nigeria or wherever - I wouldn't trust them with a penny. Stick with the brokers that have a listing on a stock exchange somewhere. They will have to be regulated to a certain degree.
  • #2,608
  • Jul 29, 2013 1:28pm Jul 29, 2013 1:28pm
Could someone please write an EA for this strategy but reverse the buy/sell order!? I have read this entire thread, blown through 2 demo accounts and have YET to hit a single TP. The strategy makes so much sense to me, I guess that's why I get so aggravated at myself when days past and I fail to see a single profit. I understand this is a "trend is your friend" strategy. Maybe I just missed the boat. Oh well, at least I've learned a lot about EAs!
  • #2,609
  • Jul 29, 2013 1:37pm Jul 29, 2013 1:37pm
Quoting Pegleg
Could someone please write an EA for this strategy but reverse the buy/sell order!? I have read this entire thread, blown through 2 demo accounts and have YET to hit a single TP. The strategy makes so much sense to me, I guess that's why I get so aggravated at myself when days past and I fail to see a single profit. I understand this is a "trend is your friend" strategy. Maybe I just missed the boat. Oh well, at least I've learned a lot about EAs!
Before asking for anything, why dont you post your entire account sumary on here so we can see what you did wrong. We want to see all your trades, order sizes, and how much money you had. What options did you use? Max trades, how many pairs, etc? Thanks.
  • #2,610
  • Jul 29, 2013 2:05pm Jul 29, 2013 2:05pm
Quoting DrNoStopLoss
{quote} Before asking for anything, why dont you post your entire account sumary on here so we can see what you did wrong. We want to see all your trades, order sizes, and how much money you had. What options did you use? Max trades, how many pairs, etc? Thanks.
you can see mine, quite the same with occasionally some sl hit too ....
  • #2,611
  • Jul 29, 2013 2:10pm Jul 29, 2013 2:10pm
Summer time is Ranging Market time. Trend system will fail.
Follow me to the Promised Land
  • #2,612
  • Jul 29, 2013 2:12pm Jul 29, 2013 2:12pm
Quoting xlitang
Summer time is Ranging Market time. Trend system will fail.
yes ... maybe you are right .... especially August.
  • #2,613
  • Jul 29, 2013 2:19pm Jul 29, 2013 2:19pm
Quoting acosma
{quote} yes ... maybe you are right .... especially August.
Yeah. August especially bad.

How do you put your Trade explorer in signature?
Follow me to the Promised Land
  • #2,614
  • Jul 29, 2013 2:35pm Jul 29, 2013 2:35pm
Quoting xlitang
{quote} Yeah. August especially bad. How do you put your Trade explorer in signature?
Signature Trade Explorer on forum settings... but you already got it , I see your trade explorer on signature.
  • #2,615
  • Jul 29, 2013 3:08pm Jul 29, 2013 3:08pm
Quoting xlitang
Summer time is Ranging Market time. Trend system will fail.
You should probably go through the past performance of last Summer for the most frequently traded pairs and tell us again how this system will fail in the Summer.

One thing I can't stand is people stating opinions as facts!

I want you to list all of the traded pairs. total trades, total pips, and overall win % rate per pair. Then come and tell us that this system will fail in the Summer!



You will find past statistics using the link below...
http://www.forexfactory.com/showthre...11#post6577111
  • #2,616
  • Jul 29, 2013 3:27pm Jul 29, 2013 3:27pm
Quoting 100PipsADay
{quote} You should probably go through the past performance of last Summer for the most frequently traded pairs and tell us again how this system will fail in the Summer. One thing I can't stand is people stating opinions as facts! I want you to list all of the traded pairs. total trades, total pips, and overall win % rate per pair. Then come and tell us that this system will fail in the Summer! You will find past statistics using the link below... http://www.forexfactory.com/showthre...11#post6577111

Kids these days, they never learn
  • #2,617
  • Jul 29, 2013 4:12pm Jul 29, 2013 4:12pm
Quoting DrNoStopLoss
{quote} Kids these days, they never learn
LOL
  • #2,618
  • Jul 29, 2013 7:57pm Jul 29, 2013 7:57pm
Quoting 100PipsADay
{quote} You should probably go through the past performance of last Summer for the most frequently traded pairs and tell us again how this system will fail in the Summer. One thing I can't stand is people stating opinions as facts! I want you to list all of the traded pairs. total trades, total pips, and overall win % rate per pair. Then come and tell us that this system will fail in the Summer! You will find past statistics using the link below... http://www.forexfactory.com/showthre...11#post6577111
100 pips can you please attach a sheet to your first post. detailing all the pairs and thier respective stop loss and take profit levels.
  • #2,619
  • Jul 29, 2013 8:15pm Jul 29, 2013 8:15pm
Quoting whatfx
{quote} 100 pips can you please attach a sheet to your first post. detailing all the pairs and thier respective stop loss and take profit levels.
There is already a link that says Recommended SL & TP Parameters. Let me know if that's what you're looking for.
  • #2,620
  • Jul 29, 2013 11:26pm Jul 29, 2013 11:26pm
No offense to 100pips, but 60% drawdown is beyond unacceptable, no matter how good the past results have been.
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