DislikedI think, we check for system money managment. 1 loss mean, a lot of tp with first and second entry. If someone write EA and add settings for lot size, pending orders, sl, tp, trailing stop etc.. we trying and optimize it very well.Ignored
- #105
- Aug 13, 2013 11:47pm Aug 13, 2013 11:47pm
- Joined May 2008 | Status: Trader | 1,158 Posts
hi all,
the rule is: when the bar closes below the sma`s, enter on the open of the next candle.
in pipsclip example, a bar closed below the orange 300SMA only when it went on to pierce the 400sma.
so all 4 trades should have been stopped out for a loss?
the rule is: when the bar closes below the sma`s, enter on the open of the next candle.
in pipsclip example, a bar closed below the orange 300SMA only when it went on to pierce the 400sma.
so all 4 trades should have been stopped out for a loss?
hi all, the rule is: when the bar closes below the sma`s, enter on the open of the next candle. in pipsclip example, a bar closed below the orange 300SMA only when it went on to pierce the 400sma. so all 4 trades should have been stopped out for a loss?
yonnie, that's is 3 entry, not 4. the 3rd entry will cover the 1st & 2nd entry that already loss.
- #111
- Aug 15, 2013 10:01am Aug 15, 2013 10:01am
Smilee, with your experience.. Which TF thats u mostly used..?
My hope is that the gains will compensate the odd full s/l. I am enjoying the testing to be honest.
look at my previous posts to see how I trade the system.Here is a pic of the gains per pair so far using starting lots of 0.01.
- #114
- Aug 15, 2013 11:05am Aug 15, 2013 11:05am
To add, as this is a semi - martingale strategy working on % losses is not an accurate measurement due to working with a grid.
Reason I say this is that if one gets to level 4 and it moves in your favour, one would have profited on 1 move and would have closed the other 3 at a loss, hence skewing the results - (overall being in profit).
Reason I say this is that if one gets to level 4 and it moves in your favour, one would have profited on 1 move and would have closed the other 3 at a loss, hence skewing the results - (overall being in profit).
- #115
- Aug 15, 2013 3:40pm Aug 15, 2013 3:40pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
Thanks, I leached a bit of your logic into my own method and although started off with a bad lose and had 2 outta the 4 trades I made hit SL EJ very quickly and UJ I shoulda closed for small profit had I of been watching, still slightly in profit. If GU woulda filled the next order down huge profit, simple as that. Would only expect 1 loser in 4 realistically US open kicked me ass though. using M5 with 40ema, 200ema and 800ema
Big thanks for vouching me.
I appreciate that very much.
- #117
- Aug 15, 2013 4:47pm Aug 15, 2013 4:47pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
{quote} Turveyd, Yen pairs are less profiatble but still can make profit. Big thanks for vouching me. I appreciate that very much.
They all have there choppy useless weeks and there trend continuation weeks, likely tried this before with M1 going through all variations on the theme with M5 till something sticks, yes it's taking FOR EVER, accepting bigger SL's and trading with smaller lots might be the solution, more of a it's going up vaguely go long and if it dips a bit go long some more haven't really got a clue style
Anytime, keep it up!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
{quote} Hi pipsclip, I been going at the strategy for 3 days now and am up 9.12%, in my short stint, I only look for setups on the 1H, 4H and Daily TF. Anything below 1H is prone to getting you to a full S/L very quickly with high impact news. The Drawdown does get a little hairy especially on the higher T/F's. My hope is that the gains will compensate the odd full s/l. I am enjoying the testing to be honest.
Thanks podberry for sharing.
I thinks you are right.. By using Small TF I feel like i'm scalping and i'm missing more on target.
Since i'm still working with some company, my time to monitor is limited.
First i'm testing with M5, the best with M5 is enter with early target and sometime make double profit with same gap (eg: price move twice at the same area up and down)
But, i have to monitor that movement, fear that it's hit the next SMA.. and i hate waiting. haha..
I'll try H1 and H4 soon..
TQ.