Third Screen Strategy - Dr. Alexander Elder | Page 147 | Forex Factory

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Third Screen Strategy - Dr. Alexander Elder

  • #2,921
  • Nov 14, 2013 4:23am Nov 14, 2013 4:23am
I think he is out of thread.
He is commercial memeber now.
I'm back on testing EA based on 3rd screen strg.
My finally conclusion is that it works best when there is no much news.
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  • #2,922
  • Nov 14, 2013 6:29pm Nov 14, 2013 6:29pm
Quoting NikolaFX
I think he is out of thread. He is commercial memeber now. I'm back on testing EA based on 3rd screen strg. My finally conclusion is that it works best when there is no much news. {image}
EA'S


i dont use EA's myself.

keep this thread alive folks , post some setups as and when they occur, on all pairs....


100pips is around, making pips i guess.
  • #2,923
  • Nov 15, 2013 1:20pm Nov 15, 2013 1:20pm
Yeah, I prefer manual trading too,but test EA just to see how it works.Yen pairs (biggest profit) are still away from clear trend ,that is problem about trading with this strategy at this moment.
  • #2,924
  • Nov 25, 2013 7:55am Nov 25, 2013 7:55am
It's just me or you guys also are affraid of what is doing market these days ?

New highs ... after range market ... and after a pretty powerful trend ... not gonna fall for that .

Trading gold these days ... short since 1.288,92 with more at 1.281,56 ; 1.276,22 ; 1.265,88 . TP 1.205 . & SL 1.255
Make choices and don't look back !
  • #2,925
  • Nov 25, 2013 2:32pm Nov 25, 2013 2:32pm
Market sure is misbehaving. Not a good time to swing trade. Ok for scalping. In any case you can still post setups here as per the third screen strat.
  • #2,926
  • Edited 8:22pm Nov 28, 2013 8:08pm | Edited 8:22pm
Hello Everyone,

First of all i cant express my thankful to Mr100PipsADay with a words.This is Simple yet Profitable Strategy ever i seen. After exposed to this strategy and i decided to test on demo account before go for live. You may feel weird why i need to test this stratergy since i knew this is PROVEN profitable? Well, the main reason is to get myself familiar with the trading style due to it is Swing Trading which is different with my previous trading style. So i need more time to put myself into this strategy and get to the feel before my ass feel the pain. And secondly i more prefer using manual trading instead of using EA, anyway i did downloaded the EA too, just incase when my spec get thicker and thicker in future, then the EA will come to the place, else he will just cage in my TSS PC folder.

Below attached with my 1st week testing result on demo account.I will keep on trading with this TSS for a month or 2 before move over to Live Account.

At last but not least, Mr100PipsADay, you got my respect, salute!
Sorry for my broken as English is not my mother tongue, and i am from Malaysia
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  • #2,927
  • Dec 4, 2013 4:51pm Dec 4, 2013 4:51pm
Hello,

Newbie to this thread and also a beginner of forex trading.

Can someone comment on my assumption of JPY may be changing its trend (or retracing)?
Or, am I too early to make such assumption at this moment?
I appreciate if someone can comment together with charts, and explain its logic based on the Triple Screen System.

I apologize in advance for not posting any chart as I am still struggling to set up EA on my Meta Trader4.
  • #2,928
  • Dec 12, 2013 6:37am Dec 12, 2013 6:37am
Quoting NikolaFX
I think he is out of thread. He is commercial memeber now. I'm back on testing EA based on 3rd screen strg. My finally conclusion is that it works best when there is no much news. {image}
I have been demo testing this ea, but I use a basket manager with it, this way, once you reach 1%, auto close, losers and winners.
I believe this strategy will help a little when some trends are changing.... as hopefully there will be enough winners to reach the close, and as a result it will flush the losers in the same basket.
Also got a 5% hard stop, which is useful if everything fails.

will update as I get more info.
  • #2,929
  • Dec 16, 2013 2:22pm Dec 16, 2013 2:22pm
please keep us posted fxhelper

Quoting Fxhelper
{quote} I have been demo testing this ea, but I use a basket manager with it, this way, once you reach 1%, auto close, losers and winners. I believe this strategy will help a little when some trends are changing.... as hopefully there will be enough winners to reach the close, and as a result it will flush the losers in the same basket. Also got a 5% hard stop, which is useful if everything fails. will update as I get more info.
  • #2,930
  • Dec 22, 2013 10:50am Dec 22, 2013 10:50am
I dont understand why autor of this strategy on his account on Zulu trade zeroed his account 4 times this year with same method. Now in 11 K plus, but still some trades in red are open for 8 months. It doesnt look like safe strategy according to: http://www.zulutrade.com/trader/146227
I read first couple of hudred posts and looks so promising, now im little bit confused
  • #2,931
  • Dec 22, 2013 4:01pm Dec 22, 2013 4:01pm
Quoting pedrosek
I dont understand why autor of this strategy on his account on Zulu trade zeroed his account 4 times this year with same method. Now in 11 K plus, but still some trades in red are open for 8 months. It doesnt look like safe strategy according to: http://www.zulutrade.com/trader/146227 I read first couple of hudred posts and looks so promising, now im little bit confused
I tell you exactly why !

It's because this is a TREND STRATEGY . Trend's are 2 , 3 times a year TOPS !!!

After that it's RANGE ZONE , where you can loose all your money in no time !

If you are smart ... when you make money in a trend market . Withdraw your investment , after that you can loose what you make 'cuz your investment is safe in your bank account !
Make choices and don't look back !
  • #2,932
  • Dec 23, 2013 2:35am Dec 23, 2013 2:35am
Quoting Purec
{quote} I tell you exactly why ! It's because this is a TREND STRATEGY . Trend's are 2 , 3 times a year TOPS !!! After that it's RANGE ZONE , where you can loose all your money in no time ! If you are smart ... when you make money in a trend market . Withdraw your investment , after that you can loose what you make 'cuz your investment is safe in your bank account !

I understant what trend strategy mean, well. If you look to that account, you will see what i wrote. Account lost 10.000 pips in 2 days and 20.200,- pips in 20 days. Nobody knows how long will trend continue, so its not easy find a place, when take a money and go off. Maybe take money after some amount (how much?) and wait for new trend. But when will start? Again nobody knows. If you have a plane for it, please tell a little hint of your approach.
  • #2,933
  • Dec 23, 2013 5:11am Dec 23, 2013 5:11am
Personally , I use ADX ( Average Directional Index ) to see if the trend is strong or not . Then I go long or short . If I see that trend is weak , no good for me & keep away .
Make choices and don't look back !
  • #2,934
  • Dec 23, 2013 5:28pm Dec 23, 2013 5:28pm
Merry Christmas, Happy Holidays and all the best for the New Year
to all.
Hopefully see/read all next year.
  • #2,935
  • Dec 24, 2013 7:28pm Dec 24, 2013 7:28pm
merry xmas and happy new year to everyone !
  • #2,936
  • Dec 25, 2013 2:54am Dec 25, 2013 2:54am
Quoting Purec
Personally , I use ADX ( Average Directional Index ) to see if the trend is strong or not . Then I go long or short . If I see that trend is weak , no good for me & keep away .

Thanks Purex, i thing to avoid ranging market is a diferent betweeen success and crasch with this system. Ill try to look ADX.
  • #2,937
  • Jan 28, 2014 7:49am Jan 28, 2014 7:49am
Quoting pedrosek
{quote} Thanks Purex, i thing to avoid ranging market is a diferent betweeen success and crasch with this system. Ill try to look ADX.

Where are you 100Pips , where did you go ?

You quit using this strategy ?

Send me a PM if you see this !
Make choices and don't look back !
  • #2,938
  • Feb 7, 2014 4:32pm Feb 7, 2014 4:32pm
Quoting 100PipsADay
The Two Most Important Questions Every Commodity Investor Must Ask By Chris Mayer, editor, Capital & Crisis What about China? The answer is important because China affects so much of the world economy, especially as it relates to commodity prices – and your commodity stocks… A friend of mine forwarded me a story where a certain strategist said it was time to "start adding Chinese exposure." He said, "Where else can you buy an economy with...
He called the commodities top pretty much exactly lol.
Build good relationships with others.
  • #2,939
  • May 16, 2014 8:30pm May 16, 2014 8:30pm
iam doing well very with this. anyone else ?
  • #2,940
  • Jun 3, 2014 5:53pm Jun 3, 2014 5:53pm
please share your tips . works extremely well in trending, not so much in more ranging conditions ootb

Quoting whatfx
iam doing well very with this. anyone else ?
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