insanity: Doing the same thing over... and expecting different results -AE
- #58,144
- Edited 8:17pm Sep 3, 2013 7:41am | Edited 8:17pm
UCad: Closed for early profit for more opportunities in case price get's pushed back up. Gotta take profit when all Eps are staring at you in the face with profit.
9/3/2013 UCad 12 Trades +227.8 Pips
9/3/2013 UCad 12 Trades +227.8 Pips
insanity: Doing the same thing over... and expecting different results -AE
- #58,145
- Sep 3, 2013 7:58am Sep 3, 2013 7:58am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
{quote} Nice Islander! What's your current win/loss ratio for this method? Any losing trades?
Also, its important not to over-trade and as I've posted +$142 for today, I will take another break until the open of the NYSE and then ISM data.....then I may just call it a day
PS Nice pips
Trading Levels with WRBs
- #58,146
- Edited 8:29am Sep 3, 2013 8:04am | Edited 8:29am
- | Commercial User | Joined Mar 2008 | 9,081 Posts
{quote} As the Three Dragons does need input from the trader to select the better set-ups, my losses are usually down to a lack of Discipline and / or Patience - often due to outside distractions. Now that the main summer season here in The Balearics has ended, let's see how this month goes as I'm trying to post almost RT trades every day. Also, its important not to over-trade and as I've posted +$142 for today, I will take another break until the open of the NYSE and then ISM data.....then I may just call it a day
I'll be looking forward to your RT trades.
BTW, thanks!
-qFish
insanity: Doing the same thing over... and expecting different results -AE
- #58,152
- Sep 3, 2013 9:39am Sep 3, 2013 9:39am
- | Joined Mar 2013 | Status: Consistent Profit - Low Drawdown | 125 Posts
Hello, I have been following this thread since the post 1000, but this is the first time I reply to this chart, because I'm thinking about a new way to filter the trade with the Dragon tunnel, which can be pure mechanical. It means we can write an ea with this strategy. I hope that someone will code an ea to backtest it faster.
Here is the strategy:
Pairs: GBPUSD
Timeframe: M15
Indicator: Dragon tunnel ( three EMA 34 period ).
EMA 12 period.
Fractal
Image above is the screen shot of the chart setup
Entry:
Long position: buy at the close of the candle where the 12 EMA crosses 34 EMA (high) upward, I mean that when the 12EMA enter the tunnel zone, we will wait until this EMA goes out the tunnel.
Stop loss : the previous fractal. Attention: if the previous fractal is inside the tunnel, then we have to choose the fractal which is outside the tunnel but this fractal must be closed to the previous fractal.
It's reverse for short trade.
Take profit is 1:1 => Risk = Reward.
Use 1 lot trade per 10.000$
Here is an illustration:
So all the criteria have been met, we open a trade:
I will backtest this strategy for about 100 trades, then I will upload the track record on this thread, I have a day job so I couldn't trade via a demo account, so I will paper trade only, hope someone generous will code an ea to help backtest faster
Here is the strategy:
Pairs: GBPUSD
Timeframe: M15
Indicator: Dragon tunnel ( three EMA 34 period ).
EMA 12 period.
Fractal
Image above is the screen shot of the chart setup
Entry:
Long position: buy at the close of the candle where the 12 EMA crosses 34 EMA (high) upward, I mean that when the 12EMA enter the tunnel zone, we will wait until this EMA goes out the tunnel.
Stop loss : the previous fractal. Attention: if the previous fractal is inside the tunnel, then we have to choose the fractal which is outside the tunnel but this fractal must be closed to the previous fractal.
It's reverse for short trade.
Take profit is 1:1 => Risk = Reward.
Use 1 lot trade per 10.000$
Here is an illustration:
So all the criteria have been met, we open a trade:
I will backtest this strategy for about 100 trades, then I will upload the track record on this thread, I have a day job so I couldn't trade via a demo account, so I will paper trade only, hope someone generous will code an ea to help backtest faster
Our viewerships simply exploded.. It mean alot to me.. http://www.youtube.com/watch?v=KEeVwBQ7_e8 (pls do not mind the song) Thx to you.. Sonic {image}
much more explosin master
back to square no one 
, over trading is my sin , never get the lesson
, over trading is my sin , never get the lesson
- #58,155
- Sep 3, 2013 9:44am Sep 3, 2013 9:44am
- | Joined Nov 2011 | Status: the probability trader | 1,110 Posts
Trading of crosses:
GU down, UCad down - so better opportunities from GCad:
GU down, UCad down - so better opportunities from GCad:
Everything is possible!!! Step by Step...
- #58,160
- Sep 3, 2013 10:22am Sep 3, 2013 10:22am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading Levels with WRBs