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My Market Order System

  • #561
  • Mar 10, 2014 9:48am Mar 10, 2014 9:48am
Trading a live acct on a new strat at .01 is a good idea, I am with you Orid.

Adjust your trade size with the amount of pips you gain or lose, and you are set.

Plenty of spreadsheets or indys for that.
  • #562
  • Mar 10, 2014 10:08am Mar 10, 2014 10:08am
take care all and do not forget good MM and PATIENCE is the key to success

best regards

Eitan.
when GOD brings you a challenge he also gives you the power to deal with it
  • #563
  • Mar 10, 2014 10:20am Mar 10, 2014 10:20am
Jhlewis10, looks like you are doing the right thing your stop loss is now in profit and you have a profit target just above resistance, I like to take some off the table on a strong push down to give me breathing space and see how price action develops from there, everyone is different, I think early on in the thread bob said he waits for a semaphore signal against him before he closes?
  • #564
  • Mar 10, 2014 10:22am Mar 10, 2014 10:22am
Quoting AuraFX
{quote} I understand, but if you're finding great success isn't going up in 0.01's too small an amount? That's (with my currency) £1 per 100 pips made, let's say you start slow, and you make 100 pips in your first week, you've just made £1 in a whole week of trading. next week, £2. I also understand risk and money money management, but if you're looking to trade part/full time and make a generous income out of it isn't that a bit too "risk free" I'm looking to expand my trading knowledge and experience before i start live, but i was thinking of...
yes well I have made around 2500 pips profit in the two months trading this ,which I think is very good ,especially with no set rules, but really don't mean anything, I might lose the next three months , that's forex , so I start gentle to see if the winning run carries on , if it does for another couple months , might indicate a very sound trading method. But if I try to trade Larger lots and it goes bad it will be really bad especially with the multiple pairs, so I trade exact same as demo ,very small ,
It can still lose because If I want to trade as I did on demo I cant use the 2% risk rule because of the large SL 's , I hate to think of going $ 1.00 a pip Quick way to losing a $10000 account if things go bad .
Sorry for the long dribble,
Regards Orid peter
  • #565
  • Mar 10, 2014 10:34am Mar 10, 2014 10:34am
Hi, here an useful tool, someone knows it someone should help

greets
Attached File(s)
File Type: xls ForexCalculator.xls   35 KB | 388 downloads
  • #566
  • Mar 11, 2014 5:30am Mar 11, 2014 5:30am
Hi all ,
My live account 4hr is down 24 pips at the mo
Demo 4 hr is up 170 pips Different trades
regards orid ,
  • #567
  • Mar 11, 2014 9:26am Mar 11, 2014 9:26am
Quoting orid
Hi all , My live account 4hr is down 24 pips at the mo Demo 4 hr is up 170 pips Different trades regards orid ,
Hi Orid,
What are your current positions on your live acct? I am short the USDCAD and the NZDCAD currently on a 4h 3bar. The USDCAD is currently about 15 pips inot profit with the NZDUSD still at the spread.

Also, why are your positions different on your demo than your live acct? did you have lingering trades open on the demo?
  • #568
  • Mar 11, 2014 10:19am Mar 11, 2014 10:19am
yes
Quoting Barefoot
{quote} Hi Orid, What are your current positions on your live acct? I am short the USDCAD and the NZDCAD currently on a 4h 3bar. The USDCAD is currently about 15 pips inot profit with the NZDUSD still at the spread. Also, why are your positions different on your demo than your live acct? did you have lingering trades open on the demo?
yes demo was from friday
live trades ihave are
Aud /cad sell
eur/jpy sell
eur/usd sell
usd/chf buy
down 77 pips
demo+ 102 pips ( well that figures lol?)
power was off all day today till 3,15 pm
off to bed now nighty all .
Regards orid Peter
  • #569
  • Mar 11, 2014 11:19am Mar 11, 2014 11:19am
Quoting orid
yes{quote} yes demo was from friday live trades ihave are Aud /cad sell eur/jpy sell eur/usd sell usd/chf buy down 77 pips demo+ 102 pips ( well that figures lol?) power was off all day today till 3,15 pm off to bed now nighty all . Regards orid Peter
Looks like things are starting to move in the right direction. Believe me, when you go live it always seems like what worked on demo is awful in the beginning. Just stay with it, and you'll be fine.
  • #570
  • Mar 11, 2014 1:03pm Mar 11, 2014 1:03pm
My post got sent into "moderation" cause i'm a new member, twice, and they were both removed for some reason..

I had a screenshot of my current positions using this system, i have 5 open positions, all seem to be going quite well for now, currently +1300 pips on GJ, been shorting it since the market opened on sunday, and i don't even think an exit is close.

Sadly, i don't think i can post screenshots to show my positions until i'm no longer a "new member".
  • #571
  • Mar 11, 2014 1:09pm Mar 11, 2014 1:09pm
Quoting orid
yes{quote} yes demo was from friday live trades ihave are Aud /cad sell eur/jpy sell eur/usd sell usd/chf buy down 77 pips demo+ 102 pips ( well that figures lol?) power was off all day today till 3,15 pm off to bed now nighty all . Regards orid Peter
PATIENCE and you will see your profits SOONLY
when GOD brings you a challenge he also gives you the power to deal with it
  • #572
  • Mar 11, 2014 2:10pm Mar 11, 2014 2:10pm
Its hard to go LIVE TRADING cause if your first couple of Trades go wrong. Your going bersserk..... Just keep on with your trading style and even if it takes a week or 2-3 to get in profit . Be patience and wait till you get in to the +pips then it will be easy..
  • #573
  • Mar 11, 2014 4:53pm Mar 11, 2014 4:53pm
Quoting Barefoot
{quote} Looks like things are starting to move in the right direction. Believe me, when you go live it always seems like what worked on demo is awful in the beginning. Just stay with it, and you'll be fine.
thanks bearfoot and everyone elsefor you reassurance , i'll say it again this system rocks,
Live up 47 pips
Demo up 348 pips
Regards Orid peter
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  • #574
  • Mar 11, 2014 8:10pm Mar 11, 2014 8:10pm
Quoting AuraFX
My post got sent into "moderation" cause i'm a new member, twice, and they were both removed for some reason.. I had a screenshot of my current positions using this system, i have 5 open positions, all seem to be going quite well for now, currently +1300 pips on GJ, been shorting it since the market opened on sunday, and i don't even think an exit is close. Sadly, i don't think i can post screenshots to show my positions until i'm no longer a "new member".
Aura fx great results ,grats
Orid
  • #575
  • Mar 11, 2014 8:18pm Mar 11, 2014 8:18pm
live up 70 pips
4hr demo up 495 pips
daily demo up 270 pips
Regards orid peter
  • #576
  • Mar 11, 2014 8:33pm Mar 11, 2014 8:33pm
[attach]1384403[/attach
]
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  • #577
  • Mar 12, 2014 2:11am Mar 12, 2014 2:11am
Well done Orid..just stick to you Demo rules and you will be fine

A few daily set ups Im monitoring RR 3;1 on daily
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  • #578
  • Mar 12, 2014 3:12am Mar 12, 2014 3:12am
Quoting Paulus
Well done Orid..just stick to you Demo rules and you will be fine A few daily set ups Im monitoring RR 3;1 on daily {image} {image} {image}
Yes and I think the EUR/GBP daily is OK as well
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We are all One. Be present. Be the Observer
  • #579
  • Mar 12, 2014 3:22am Mar 12, 2014 3:22am
hi orid , may i know how u entry the market ? 10pips below or above the ball 3 ? and wat pair u focus ?? cos im change to doing this method on 4hr also , but the result still not looking that good ,thats y wanna know the rule u apply on 4hr
  • #580
  • Mar 12, 2014 4:27am Mar 12, 2014 4:27am
Quoting cavenlee92
hi orid , may i know how u entry the market ? 10pips below or above the ball 3 ? and wat pair u focus ?? cos im change to doing this method on 4hr also , but the result still not looking that good ,thats y wanna know the rule u apply on 4hr
Hi cavenlee
Varies a little , but I (always) put a sell or buy stop order, such as this one and look at the last few candles ,and go behind lowest or highest ,I like to be at least 50 pips away from PA , this one is only about 30 pips away but looks ok to me .
Regards Orid Peter
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