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Attachments: My Market Order System
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My Market Order System

  • #521
  • Mar 7, 2014 10:09am Mar 7, 2014 10:09am
hi, my strategy is to start with small lots and if the market goes against you, i buy more lots, i did it now with the U/N

First Buy was @0,8353

and my last one @0,8494

now i have 2 winners and 2 loosers in my account and hope that next week are all four winners

i know it look like martingale, but i trade oter strategies same

sorry for my bad english its not my favorite

have a nice weekend and many pips
  • #522
  • Mar 7, 2014 10:09am Mar 7, 2014 10:09am
Quoting kPack
{quote} 40-100 pips in daily or 4H chart ?
on both 4hr and daily, sorry im being a bit vague but I try to judge it by the way it looks at the time, sometimes nice to get in early but more risky
please remember though I have a lot of faith in this method,because of my results.
I'm still quite new to forex, infact most of you guys probably have more experience than myself,
LIVE ! Monday for me ,see if I got the metal.
regards orid peter
Latest , turning in my favour slowly
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  • #523
  • Mar 7, 2014 10:12am Mar 7, 2014 10:12am
That aus /usd looks really nice
  • #524
  • Mar 7, 2014 10:14am Mar 7, 2014 10:14am
Quoting tomthepoppop
{quote} Orid - Just a question-----also Bob could weigh in ---- Since the Yellow dot has moved several candles why not move the entry order just under that new candle? Tom
yep tom that's what I do
edit well I mean not right behind new candle but follow at a distance .
regards
  • #525
  • Mar 7, 2014 12:05pm Mar 7, 2014 12:05pm
Quoting orid
{quote} on both 4hr and daily, sorry im being a bit vague but I try to judge it by the way it looks at the time, sometimes nice to get in early but more risky please remember though I have a lot of faith in this method,because of my results. I'm still quite new to forex, infact most of you guys probably have more experience than myself, LIVE ! Monday for me ,see if I got the metal. regards orid peter Latest , turning in my favour slowly {image}
Keep on the good work orid, got faith in you. And best luck for you Live account next week. Its hard to go live cause the emotions will play a big role in live account. But you will do it Pips pips pips
  • #526
  • Mar 7, 2014 2:26pm Mar 7, 2014 2:26pm
Quoting orid
That aus /usd looks really nice
yep on daily its look great also the real trend is down(weekly and daily)
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when GOD brings you a challenge he also gives you the power to deal with it
  • #527
  • Mar 7, 2014 7:37pm Mar 7, 2014 7:37pm
the tide turns , hope I don't end up eating those words lol ,
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  • #528
  • Mar 8, 2014 3:33am Mar 8, 2014 3:33am
Quoting orid
the tide turns , hope I don't end up eating those words lol , {image}
Hi Peter..If I can just add my 2 pennies worth here esp as your going live Monday

If you have taken this into account then ignore the post but trading across several swaps with various pips values can be potential account blowing

Taking things to the xtreme for an eaxample

4 swaps pip value

1 $10 per pip
2 $10 per pip
3 $10 per pip
4 $50 per pip

TP and SL the same

You make 4 trades close each for the same amount of pips ( 2pips for example) 1,2,3 as above all win = 3 wins 2pips each = 60 pips
4th trade loses = $100

Strike rate is a good 75% but you lose on the account

The way to get around trading over several swaps all with different pip values is to take the SL size for each trade and convert to %

So trade 1 100 pips SL take 2% of account and and use that to buy contracts to the value of $100

Then trade 4 with higher pip value 100pip SL t ake 2% of account and use that to buy contracts to the value of $100

The loss will be the same as you are trading the %

An inexpensive EA can do all this for you instaly when your order is filled

So you get a big down candle of 200 pips you get filled on the next bar and you dont get nervous because your trading a 200 pip SL because your only going to risk 2%

Hope that helps

p
  • #529
  • Edited 5:10am Mar 8, 2014 4:18am | Edited 5:10am
to avoid repainting and dd worries....and enter the trade with pinpoint accuracy....just use fib and patience...nothing else....if you want ,for confluence, use TDI indicator , you can enter the trade with high probability success and less dd....fibs will give you many opportunities if you feel you missed the first opportunity.... please see attachment and you can figure it out yourself...
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learn and earn from the ups and downs...of life.
  • #530
  • Mar 8, 2014 5:32am Mar 8, 2014 5:32am
Quoting Paulus
{quote} Hi Peter..If I can just add my 2 pennies worth here esp as your going live Monday If you have taken this into account then ignore the post but trading across several swaps with various pips values can be potential account blowing Taking things to the xtreme for an eaxample 4 swaps pip value 1 $10 per pip 2 $10 per pip 3 $10 per pip 4 $50 per pip TP and SL the same You make 4 trades close each for the same amount of pips ( 2pips for example) 1,2,3 as above all win = 3 wins 2pips each = 60 pips 4th trade loses = $100 Strike rate is a good...
Thankyou Paulus, you are indeed a gentleman to offer such good advice, I really appreciate it.
I will be trading the smallest amounts possible for awhile (mini lots) until I am more confident. I am still trying different entries and exits.
Btw are you doing any good with your way of trading this method?
regards orid peter
  • #531
  • Mar 8, 2014 5:59am Mar 8, 2014 5:59am
Quoting orid
{quote} Thankyou Paulus, you are indeed a gentleman to offer such good advice, I really appreciate it. I will be trading the smallest amounts possible for awhile (mini lots) until I am more confident. I am still trying different entries and exits. Btw are you doing any good with your way of trading this method? regards orid peter
Hi Pete,
I was going to mention something on the same lines.
Each time I've gone belly up is because I've been greedy.
Now I trade only a few trades at a time with smaller lot size.
Cheers !
Bob
  • #532
  • Mar 8, 2014 6:12am Mar 8, 2014 6:12am
Quoting shinewel
to avoid repainting and dd worries....and enter the trade with pinpoint accuracy....just use fib and patience...nothing else....if you want ,for confluence, use TDI indicator , you can enter the trade with high probability success and less dd....fibs will give you many opportunities if you feel you missed the first opportunity.... please see attachment and you can figure it out yourself... {image} {image} {image} {image}
Must admit shinewell this novice hasn't got a clue using fibs may have to read up on them ,you seem put a lot of trust in them . although I have used TDI a lot.
Regards Peter
  • #533
  • Mar 8, 2014 6:18am Mar 8, 2014 6:18am
Quoting bobhowson
{quote} Hi Pete, I was going to mention something on the same lines. Each time I've gone belly up is because I've been greedy. Now I trade only a few trades at a time with smaller lot size. Cheers ! Bob
no worries bob and thanks, I have had two other live accounts , 1st was 5 years ago I lost $20 yes that's right 20 dollars and pulled out , last time was 3 months ago lost 70 dollars and pulled out lol.
hell of a mind job live trading , this time I'll win.
Regards orid peter
  • #534
  • Mar 8, 2014 8:56am Mar 8, 2014 8:56am
Bob, guys, I am assuming that the more signals combined the stronger the signal, for instance EURUSD has a S3 on 3 time frames, weekly daily and 4H, some examples below: -

S3 trade signals valid for Monday

EURUSD WEEK DAY 4H
USDCHF WEEK DAY 4H
AUDCAD WEEK DAY 4H
AUDUSD DAY 4H
NZDUSD DAY 4H
EURJPY DAY 4H
GBPUSD 4H
USDJPY 4H

If we trade the strongest either on the 4H or daily trigger then we could measure the success of those trades against the "weaker" signals. Personally I would like to see the signals combined with price action and I don't want to be heading into strong support or resistance, so I would be looking for price to break any levels with momentum and any retraces rejected. Good luck what ever you decide.
  • #535
  • Mar 8, 2014 10:21am Mar 8, 2014 10:21am
thanks PAJ what do you mean about AudJPY this looks good too

nice weekend
  • #536
  • Mar 8, 2014 4:48pm Mar 8, 2014 4:48pm
Quoting frani60
thanks PAJ what do you mean about AudJPY this looks good too nice weekend
I'm waiting for another bearish candle to finish on the AUDJPY on my H4 which I think will happen Monday morning Pacific Time.
Cheers !
  • #537
  • Mar 9, 2014 4:20am Mar 9, 2014 4:20am
Frani60, I have attached the chart of AUDJPY, 93.00 area is my first concern, I don't trade this pair but it may be worth taking half off at the first problem area and seeing if momentum carries through on the remainder? it depends on your trading method. Last time it acted as support it bounced for days before it broke.
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  • #538
  • Mar 9, 2014 8:31am Mar 9, 2014 8:31am
ok thanks, i think this week we have many opportunities again
  • #539
  • Mar 9, 2014 9:30am Mar 9, 2014 9:30am
this is not easy for handle the market order

market order is when u sell..someone will buy

buy for sell...sell for buy...sell buy for bu sell

but when u sell..nobody buy but someone will buy..what??

sell when buy ??

ahhh..wtf is this..i cannot understand on this..please someone help me..
  • #540
  • Mar 9, 2014 9:38am Mar 9, 2014 9:38am
hey guys, i'm a 19 year old student and enthusiast and brand new to trading and these forums!

i have traded on various demo accounts for a while using all sorts of systems, technical and fundamental analysis etc with okay results.

but this system looks exceptionally good!

Pete, a question for you, if you do start live trading, what size lots will you be looking to start trading with using this system?

looking at ur results, would you step it a little higher than a normal starting lot size or be patient with it?
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