Third Screen Strategy - Dr. Alexander Elder | Page 141 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Substitute for screen time? 5 replies

Alexander Elder's Channel 4 replies

Elder-Rays 3 replies

Attachments: Third Screen Strategy - Dr. Alexander Elder
Exit Attachments

Third Screen Strategy - Dr. Alexander Elder

  • #2,801
  • Aug 29, 2013 1:19am Aug 29, 2013 1:19am
Quoting Amirsaid
Hi 100PipsADay & khaled_ctg AUD JPY do you know why its opened a buy position instead ofsellbecause we have the madc down {image} {image}
I think this problem has been mentioned a few times before, and I think I have even had it happen, and every time it is on YEN pairs only - have to wait for Khaled to respond to see if he found any problem in the code of the EA

That's all I have, sorry
It takes a lot for me to IGNORE you, but you can try.
  • #2,802
  • Aug 29, 2013 5:12pm Aug 29, 2013 5:12pm
Quoting Erebus
{quote} I think this problem has been mentioned a few times before, and I think I have even had it happen, and every time it is on YEN pairs only - have to wait for Khaled to respond to see if he found any problem in the code of the EA That's all I have, sorry
thanks man
we will wait to khaled or 100 pips to help us
  • #2,803
  • Sep 2, 2013 3:24am Sep 2, 2013 3:24am
Quoting xlitang
{quote} Good to hear to from you again. One question I would like to ask. Is it legal for US client to trade Forex with foreign broker?
This is definitely not a one size fits all type of question but this decision is really up to the individual. I have never had any problems whatsoever dealing with various brokerage firms outside the US. The biggest issue I've run into is that most do not wish to do business with US citizens for various reasons.

Another option is to establish an International Business Corporation and conduct your business activities through that entity, this way you are not acting as a US citizen so there is no question about the legitimacy of this arrangement.

There are many other options as well but I personally do not enjoy trading through a US broker as my trading styles do not allow for me to trade profitably with all of the additional rules and regulations that come with the US brokerage firms.

Like I said, this is going to have to be your own personal decision.
  • #2,804
  • Sep 2, 2013 3:27am Sep 2, 2013 3:27am
I'm anticipating new trends to start forming this month so I'll be keeping an eye on some of my more frequently traded pairs.

GBP/AUD, EUR/AUD, AUD/JPY, AUD/USD, NZD/JPY, NZD/USD, USD/JPY, and CAD/JPY.

September is going to be anything but boring in regards to the financial markets.
  • #2,805
  • Sep 2, 2013 12:15pm Sep 2, 2013 12:15pm
Quoting 100PipsADay
I'm anticipating new trends to start forming this month so I'll be keeping an eye on some of my more frequently traded pairs. GBP/AUD, EUR/AUD, AUD/JPY, AUD/USD, NZD/JPY, NZD/USD, USD/JPY, and CAD/JPY. September is going to be anything but boring in regards to the financial markets.
Sentiments fully supported..we are at a cusp in terms of trading ranges transforming into potential trends..i hav switched of my ea and am monitoring my remaining portfolio of trades..coincidentally all the trades you ahave mentioned are on my market view too..in addition i have GBPNZD,EURNZD,GBPCAD,AUDUSD and AUDJPY on my cross hairs..
Carpe Diem
  • #2,806
  • Sep 2, 2013 2:23pm Sep 2, 2013 2:23pm
Quoting nkimandi
{quote} Sentiments fully supported..we are at a cusp in terms of trading ranges transforming into potential trends..i hav switched of my ea and am monitoring my remaining portfolio of trades..coincidentally all the trades you ahave mentioned are on my market view too..in addition i have GBPNZD,EURNZD,GBPCAD,AUDUSD and AUDJPY on my cross hairs..
Excellent! I took the entire month of August off from swing trading as I was simply not comfortable with market conditions so I enjoyed my time doing other things.

Now it is back to business and like I said in the previous post, I'm anticipating this month to get us back into some new longer term trends for the rest of the year.

I'm also looking at GBP/NZD along with the other pairs mentioned in my last post.

Happy trading everybody.
  • #2,807
  • Sep 2, 2013 2:52pm Sep 2, 2013 2:52pm
Quoting 100PipsADay
{quote} Excellent! I took the entire month of August off from swing trading as I was simply not comfortable with market conditions so I enjoyed my time doing other things. Now it is back to business and like I said in the previous post, I'm anticipating this month to get us back into some new longer term trends for the rest of the year. I'm also looking at GBP/NZD along with the other pairs mentioned in my last post. Happy trading everybody.
what i have done is switch off the EA on live account and switch to the demo account with the EA on and see how things are unfolding..you know PA action and all its other children hehe...on demo i have decided to switch off all EA trading on all ***/USD base pairs and study how they are all acting up on their respective cross pairs with the EA on on them..all i can say is that AUD and NZD are the currencies that make the train go choo choo!!..haha..
Carpe Diem
  • #2,808
  • Sep 3, 2013 1:12am Sep 3, 2013 1:12am
Hi Pips , As u know my English to reply is not that good , But my reading of English is very good , That's how i am . My currencies is same as urs but bit more , Will awaiting ur new idea of thread to trade < Malcolm .
  • #2,809
  • Sep 3, 2013 1:37am Sep 3, 2013 1:37am
I've already started building short positions with EUR/AUD and GBP/AUD. I'm also building long positions with AUD/USD and AUD/JPY.
  • #2,810
  • Sep 3, 2013 10:24pm Sep 3, 2013 10:24pm
EUR/AUD D1 MACD is telling us to SELL and AUD/JPY D1 MACD is telling us to BUY.

Also, we will more than likely see a Daily close below (EA) and above (AJ) both the 20 EMA & 50 EMA for both of these pairs later today.

GBP/AUD D1 MACD is telling us to SELL and AUD/USD D1 MACD is telling us to BUY, however, daily candle will more than likely not close below (GA) or above (AU) the 20 EMA & 50 EMA for these pairs quite yet.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUD_D1.png Size: 100 KB
Click to Enlarge Name: AUDJPY_D1_MACD.png Size: 100 KB
  • #2,811
  • Sep 4, 2013 9:33am Sep 4, 2013 9:33am
Good to have you back 100Pips .

I'm back too from holidays . Prepared to make some money :X

Good luck to all !
Make choices and don't look back !
  • #2,812
  • Sep 4, 2013 11:41am Sep 4, 2013 11:41am
Hello 100pips and everyone,

I've read through the thread and I'm starting you utilize it with my current strategy. Just wanted to say thanks for all the info.

Cheers
  • #2,813
  • Sep 5, 2013 7:49am Sep 5, 2013 7:49am
Dear 100pipsADay,

The EA default setting for your Third Screen Strategy for the SL and TP, are they in pips or numerical number?

thanks
  • #2,814
  • Sep 5, 2013 3:06pm Sep 5, 2013 3:06pm
Quoting jackal2912
Dear 100pipsADay, The EA default setting for your Third Screen Strategy for the SL and TP, are they in pips or numerical number? thanks
They are in Pips.
  • #2,815
  • Sep 6, 2013 8:23am Sep 6, 2013 8:23am
Pips Are u still around ,
  • #2,816
  • Sep 6, 2013 8:26am Sep 6, 2013 8:26am
He is still around and well.
Follow me to the Promised Land
  • #2,817
  • Sep 6, 2013 8:51am Sep 6, 2013 8:51am
Quoting xlitang
He is still around and well.
Thanks
  • #2,818
  • Sep 6, 2013 9:19am Sep 6, 2013 9:19am
Quoting terminator12
Pips Are u still around ,
Hi Terminator,

Yes I'm still around.
  • #2,819
  • Sep 6, 2013 9:55am Sep 6, 2013 9:55am
Hi 100Pips,

Thanks for the reply regarding the default setting is in pips.

I just started testing using your third screen strategy on the 5 sep 2013 with my demo account. And the result on 5 Sep 2013 was good but on the 6 Sep 2013, it was bad. Attached is my detailed report. Could you kindly advise what went wrong?

And based on the detailed report, I noticed most of the orders were closed before it hit the SL level. Further, most of it also have not hit the TP level and it closed by itself.

Urgently need your sound advice.

thanks

jackal
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 101 KB
Click to Enlarge Name: Screenshot3.png Size: 107 KB
Click to Enlarge Name: Screenshot4.png Size: 105 KB
Click to Enlarge Name: Screenshot5.png Size: 97 KB
Click to Enlarge Name: Screenshot6.png Size: 80 KB
Click to Enlarge Name: Screenshot7.png Size: 80 KB
  • #2,820
  • Sep 6, 2013 2:50pm Sep 6, 2013 2:50pm
Quoting jackal2912
Hi 100Pips, Thanks for the reply regarding the default setting is in pips. I just started testing using your third screen strategy on the 5 sep 2013 with my demo account. And the result on 5 Sep 2013 was good but on the 6 Sep 2013, it was bad. Attached is my detailed report. Could you kindly advise what went wrong? And based on the detailed report, I noticed most of the orders were closed before it hit the SL level. Further, most of it also have not hit the TP level and it closed by itself. Urgently need your sound advice. thanks jackal {image}...
Hi Jackal,

I really don't know why your trades were closed early... I've also noticed that most of your trades are missing SL and/or TP targets which should have also been automatically been input once trades were opened.

I've never seen this type of problem occur with so many trades so I really don't know what to say.

Try enabling the EA on only 1 pair with correct default settings and try that out for a few days. Let me know how that works out for you.
3 traders viewing now