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Attachments: My Market Order System
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My Market Order System

  • #661
  • Mar 20, 2014 1:29am Mar 20, 2014 1:29am
Please comment about my trade. Its only a demo. But, trying to get my eye to be sharpen. Entry based on candlestick pattern for confirmation. Here's today entry.

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  • #662
  • Mar 20, 2014 2:43am Mar 20, 2014 2:43am
Hi demolatonz

All those trades look OK to me, i'm sure you will get some pips out of them, just need to be patient as they can sometimes take several days to have a decent move.

Martin
  • #663
  • Mar 20, 2014 4:21am Mar 20, 2014 4:21am
Quoting ukmartin
Hi demolatonz All those trades look OK to me, i'm sure you will get some pips out of them, just need to be patient as they can sometimes take several days to have a decent move. Martin
Well thank you Martin. Is there anything you wanted to share with me ? So I can improvise my technique.

Now, I tend to add stoch 12,3,3 to see whether its already Overbought or Oversold. Most of my entry seems, follow the rule.
Maybe next month I will try to use live account.

Maybe I will deposit $10. The thing is. I am too greedy. As sometimes, I will see more than 5 entry. But I need to maintain my money management system
sigh
  • #664
  • Mar 20, 2014 4:34am Mar 20, 2014 4:34am
Sometimes, I do hesitate to enter. As, false Yellow dot might appear. Like this example :

Long Upper Shadow / Bearish Pinbar already occur, but the price still moving UP.
http://charts.mql5.com/4/216/audcadc-d1-exness-ltd.png

This one also Pin Bar. But what happen ? The price moving UP also.
http://charts.mql5.com/4/216/nzdusdc-d1-exness-ltd.png
  • #665
  • Mar 20, 2014 5:01am Mar 20, 2014 5:01am
Quote
Sometimes, I do hesitate to enter. As, false Yellow dot might appear. Like this example :

you could try waiting for your signal, but don't enter untill there is a retrace back to the same level
  • #666
  • Edited 6:10am Mar 20, 2014 5:52am | Edited 6:10am
Quoting ukmartin
{quote} you could try waiting for your signal, but don't enter untill there is a retrace back to the same level
Thanks martin for the advice. Maybe I will try using the stoch + candlestick pattern 1st
Below is the entry that I entered yesterday. Live CENT account. Well, I'm newbie though, need a lot of practice . But this technique is good.

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After awhile :

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Well I guess. 3 entry that is negative will bounce positive. I hope it would not hit the Stop Loss. Lets see tomorrow cheers.
  • #667
  • Mar 21, 2014 11:20pm Mar 21, 2014 11:20pm
Tis Quite,
update from me
regards Orid peter
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  • #668
  • Mar 24, 2014 10:05pm Mar 24, 2014 10:05pm
tis still quite here ???
latest for my live account.
demos still ok.
faith.
regards Orid peter
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  • #669
  • Mar 25, 2014 2:00am Mar 25, 2014 2:00am
Quoting orid
tis still quite here ??? latest for my live account. demos still ok. faith. regards Orid peter {image}
Well done orid just keep taking the signals....

Im trying to find logical and rules based approach to these semaphors,which may sound easy but one has to illiminate the false signals of which there are many

Its going ok any thing decent or any major progress I make I will post here

P
  • #670
  • Mar 30, 2014 3:38am Mar 30, 2014 3:38am
latest update,
h4 demo +335 pips
daily demo +631 pips
ahem live demo - 508 pips
regards orid Peter
  • #671
  • Mar 30, 2014 4:31am Mar 30, 2014 4:31am
Quoting orid
latest update, h4 demo +335 pips daily demo +631 pips ahem live demo - 508 pips regards orid Peter
Hi Peter

The 2 figures are so contrasting ,there has to be a logical reason I cannot believe its slippage on the live account

The demo and live are you running these side by side ie if you take the demo signal you take the live signal if thats the case its the exit

What do you put the 2 differences down to ?..its almost as if its 2 entirely separate systems

P
  • #672
  • Mar 30, 2014 8:56pm Mar 30, 2014 8:56pm
Here is something that may help to eliminate some of the dud trades. If you put the indi on any weekly chart you will see which currencies are strong and which are weak. On the chart I have posted (I hope it shows up) you will see that the AUD is strongly up while the CHF is quite weak. So theoretically it would be a bad idea to sell AUD/CHF at the moment.
Bob
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Attached File(s)
File Type: ex4 CCFp.ex4   19 KB | 387 downloads
  • #673
  • Mar 30, 2014 9:44pm Mar 30, 2014 9:44pm
Quoting Paulus
{quote} Hi Peter The 2 figures are so contrasting ,there has to be a logical reason I cannot believe its slippage on the live account The demo and live are you running these side by side ie if you take the demo signal you take the live signal if thats the case its the exit What do you put the 2 differences down to ?..its almost as if its 2 entirely separate systems P
I kid you not I do know the reason,
the daily and 4 hr demo have been running a little longer than the live, and are about Be compared to the live account from same starting point..
but the main reason for the live being behind the daily demo by - 1100 pips and the 4 hour - 800 pips.
well the main reason is ... I only take the high probability trades on the live, so although im taking the same high prob trades on demo its mostly the other trades low prob , on the demo that are doing well and making the difference. So looks like at the moment I should take all trades that show no 3 disc regards less.
hope this makes sense
Regards Orid Peter
  • #674
  • Mar 30, 2014 9:45pm Mar 30, 2014 9:45pm
Quoting bobha
Here is something that may help to eliminate some of the dud trades. If you put the indi on any weekly chart you will see which currencies are strong and which are weak. On the chart I have posted (I hope it shows up) you will see that the AUD is strongly up while the CHF is quite weak. So theoretically it would be a bad idea to sell AUD/CHF at the moment. Bob {file} {image}
Thank you bobha
RegardsPeter
  • #675
  • Mar 30, 2014 9:56pm Mar 30, 2014 9:56pm
Quoting Paulus
{quote} Hi Peter The 2 figures are so contrasting ,there has to be a logical reason I cannot believe its slippage on the live account The demo and live are you running these side by side ie if you take the demo signal you take the live signal if thats the case its the exit What do you put the 2 differences down to ?..its almost as if its 2 entirely separate systems P
Paulus I have sent you a PM
Peter
  • #676
  • Mar 31, 2014 1:14am Mar 31, 2014 1:14am
Quoting orid
{quote} I should take all trades that show no 3 disc regards less. hope this makes sense Regards Orid Peter
Ah ok that makes sense we do have some difference in selection method

I think the best way forward would be to draw a line under both accounts and start fresh with 2 new .. demo and live and take like for like trades

I think for your own sanity it would do good, I suspect the existing set-up is frustrating to say the least its just reminding you every time you look at it your charts your failing...when in truth your not as the selection method is different.

P
  • #677
  • Mar 31, 2014 9:23am Mar 31, 2014 9:23am
latest.
Regards Orid peter
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  • #678
  • Mar 31, 2014 10:07am Mar 31, 2014 10:07am
Hi P

you have taken 7 trades on AUDCAD on live only 3 on demo ...why was that ?

P
  • #679
  • Mar 31, 2014 11:29am Mar 31, 2014 11:29am
Quoting Paulus
Hi P you have taken 7 trades on AUDCAD on live only 3 on demo ...why was that ? P
not sure , im terrible keeping records ,
Oh yes Paulus its probably becauase I trade daily and 4 hr on the live account , because just one live account .
think I may stick to dailys see if I do better.
Regards orid peter
  • #680
  • Apr 1, 2014 6:37am Apr 1, 2014 6:37am
Quoting orid
{quote} not sure , im terrible keeping records , Oh yes Paulus its probably becauase I trade daily and 4 hr on the live account , because just one live account . think I may stick to dailys see if I do better. Regards orid peter
Hi Pete,
I've been working my system with the added help of Bollinger Bands and also the Stochastic, this may help with your trading.
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