Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Ultimate Guide to Creating Your Own Trading System 9 replies

Looking for coder to write EA based on my own system 3 replies

Poll: Where did you find your very own system/strategy? 2 replies

Building your own trading system 0 replies

Creating Your Own Trading System : A View From the Outside In 0 replies

System Based On Your Own Market Sentiment

  • Post #1
  • Quote
  • First Post: Edited at 11:19am Jan 8, 2014 2:37am | Edited at 11:19am
Base On Your Market Sentiment

The way the system work is you go long ang short all majors and all crosses when the market opens on sunday and when you see heavy favorite on the long side you buy at the daily resistance or if you see heavy favorite on the short side you go short at daily support.
must have good MM because at any give time you could be in 10-20 trades at one time
Quoting PoundTrader
The way the system work is you go long ang short all majors and all crosses when the market opens on sunday and when you see heavy favorite on the long side you buy at the daily resistance or if you see heavy favorite on the short side you go short at daily support.
This system has very good potential, I tried this once, few months back and had good success but because of my full time job I did not continue, it requirs close monitoring and the smallest lot size a moderate account size > 1000K is require because at times you would require higher lot to compensate the losing trades.

How do you manage stop loss and TP, how do you exit from the market with profit? how many times / frequency you maintain per day for executing the trades?

Good luck.
as we can see the market is favorite heavy on the buy side, with u.s. news comming out later today this can change, so far one trade was close today for 80+ pips
system not base on any currency pair but base on what the general market is doing, so if the market is up we put buy orders in on all the majors and crosses and vice versa if the market is down
the goal is the go with the overall trend of the market not all currency pairs will hold to the the market so we will take some loses but this will be off set by the winners and mabe a small profit by end of week.
took some loses as well made some gains.
PoundTrader could you go into this in greater detail, may be give a picture example. Thanks
Enter Signature
Quoting CaptainLush
PoundTrader could you go into this in greater detail, may be give a picture example. Thanks
the system is still new so there's some things i still need to work out, i would go thru the trades this week and add more details to the system if need to.
Quoting PoundTrader
took some loses as well made some gains.
i see an opp to catch some homerun trades, gonna look thru it over the weekend
system only 14 days old, so there will be some adjustments as i go along
been up all night, just finish adding 15 new rules to the system now i can't wait till market open to test them out.
Quoting PoundTrader
{quote} the system is still new so there's some things i still need to work out, i would go thru the trades this week and add more details to the system if need to.
Ok Poundtrader, when you get it nailed then some samples with expinations would be good. Quite often an outside opinion can help a system greatly.
Enter Signature
that a big spike in you revenu you have there. Your last trade brought you 22%. Try to avoid such return. You want to last, not making huge profits one day and then on an unlucky day lose everything.
Successful investing is anticipating the anticipation of others
Quoting Capelli
that a big spike in you revenu you have there. Your last trade brought you 22%. Try to avoid such return. You want to last, not making huge profits one day and then on an unlucky day lose everything.
the reason was that i saw a homerun trade, every system should have one
  • Post #17
  • Quote
  • Edited at 4:59am Jan 12, 2014 4:48am | Edited at 4:59am
Quoting CaptainLush
{quote} Ok Poundtrader, when you get it nailed then some samples with expinations would be good. Quite often an outside opinion can help a system greatly.
after going thru the rules of the system im thinking about closing this thread, this system is hands on and to complex to explain
you can look at your chart on all gbp and eur pairs and see the sell side is strong, so you will sell all gbp and eur pairs. only eur and gbp base pairs
90% of the market is trending down, so what where looking at is 13 sell orders and 2 buy orders.
taking a beating at the moment, trying to make a comeback
0 traders viewing now