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Lazy trading

  • #181
  • Oct 20, 2014 6:00am Oct 20, 2014 6:00am
Quoting albchr
Backed off the SL to +14. Might get whacked but still a win. EDIT: SL hit .. +14 {image}

Well done. Made nearly the same trade (+12).
  • #182
  • Oct 20, 2014 6:04am Oct 20, 2014 6:04am
This is where (for me) discretion may be the better part of valor. The NOLAG is red and the 1H gave a little pin. But I won't enter short "right away". SR "suggests" it could continue up a bit so I'll watch it for at least few minutes first.
Attached Image
Ghost Rider - WWTBMD?
  • #183
  • Oct 20, 2014 6:05am Oct 20, 2014 6:05am
Quoting Traffex
{quote} Well done. Made nearly the same trade (+12).
Nice ...
Ghost Rider - WWTBMD?
  • #184
  • Oct 20, 2014 6:09am Oct 20, 2014 6:09am
Quoting albchr
Backed off the SL to +14. Might get whacked but still a win. EDIT: SL hit .. +14 {image}

With this type of in and out system, I'd be inclined to bank "home runs" of 20+ pips when I seen them. It is after all a scalping system, meant for high stakes. That 32 pips you were up would have equated to Ģ800 ($1289) for the OP, and no doubt there will be painful trades along the way to deal with.
  • #185
  • Oct 20, 2014 6:14am Oct 20, 2014 6:14am
Quoting leeshindig
{quote} With this type of in and out system, I'd be inclined to bank "home runs" of 20+ pips when I seen them. It is after all a scalping system, meant for high stakes. That 32 pips you were up would have equated to Ģ800 ($1289) for the OP, and no doubt there will be painful trades along the way to deal with.
Absolutely true. It is a scalping system and I could have banked more. But for me, if it's a free or already in profit trade I default to let it run. Ya never know.

I still think 6160 is possible but maybe not. Had I put any serious money on it like the OP, I would have banked it around 30 or so. But just testing it here. If it pans out to be a nice entry system, I'll raise the stakes.

EDIT: As it is a scalping system, moving to BE+ quickly "should" avoid much of the potential pain. Unless it runs against you as soon as you enter and then of course, get out quickly based on each individual's risk appetite.
Ghost Rider - WWTBMD?
  • #186
  • Oct 20, 2014 6:57am Oct 20, 2014 6:57am
How caculate lot sizing if we have no stoploss in touch with our personal account?
  • #187
  • Oct 20, 2014 7:04am Oct 20, 2014 7:04am
3 minutes.. 4 pips.. G/U..
  • #188
  • Oct 20, 2014 7:10am Oct 20, 2014 7:10am
the non lag is repainting running on h1 on my platform, so one might as well toss a coin at bar close and hope for the best.

a simple myfxbook by threadstarter might put it all to rest. but i cannot see this making pips.
  • #189
  • Oct 20, 2014 7:13am Oct 20, 2014 7:13am
Made my first trade with this on E/U off the 1HR chart. I placed a short, pretty much right on the hour as the Non-lag MA indicator showed a red bar for the prior hour.... then 5 minutes later that prior red bar changed to green??? Is it necessary to wait a few minutes and not trade directly on the hour?
  • #190
  • Oct 20, 2014 7:19am Oct 20, 2014 7:19am
Quoting bluejack
3 minutes.. 4 pips.. G/U..


With TS 3.5 pips, 15 min, 16 pips..
  • #191
  • Oct 20, 2014 7:22am Oct 20, 2014 7:22am
Quoting Clipi
{quote} With TS 3.5 pips, 15 min, 16 pips..
  • #192
  • Oct 20, 2014 8:19am Oct 20, 2014 8:19am
albchr,
Thanks for the template. Would you share your SR indi? I too like a clean chart and the indi I have makes a mess. Thanks
  • #193
  • Oct 20, 2014 8:58am Oct 20, 2014 8:58am
So Far. The indi Repaints terribly so back testing is impossible other than on a simulator with replay data. The repaint occurs at least 2 mins after the bar has closed. You "have" to take notice of PA as Albchr has suggested, to filter the entries.

Moving SL to BE "quickly" depends on your broker, check your brokers "contract Specification"
Menu "view" click on "symbols" look for your pair, click on pair, click on "properties" look for "stops level" that tells you how many pips in profit before you can move to BE. If you trade like the OP "at the top of the hour" for 4 pips, moving to BE will not work. It will only work if you let your trade run.

Good Luck.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU so far.png Size: 53 KB
Click to Enlarge Name: GU so far.png Size: 46 KB
Click to Enlarge Name: Broker specs.jpg Size: 424 KB
Cut your Losers short and let your Winners run.
  • #194
  • Edited 10:36am Oct 20, 2014 9:14am | Edited 10:36am
Quoting rglenn
{quote} I am not as smart as most people but I think it would be easier to remove the -1 displacement and just state use current opening bar or previous closed bar. Am I missing something?
Sorry guys for not seeing all the prior posts before asking my last question. The displace -1 means that the"prior" bar of the histogram actually corresponds to the current candle. Not sure why one would set it like that. The tendency is to look at each candle and then look down at each one's corresponding non-lag MA bar, so if it is displaced -1 that means that each histogram bar represents the candle immediately to the right and NOT the candle directly above... Is that the correct assumption?
  • #195
  • Oct 20, 2014 9:31am Oct 20, 2014 9:31am
OP says he trades till 4pm London time.....does that mean you close your last trade at 4pm London...or enter your last trade at 4pm? question to OP
  • #196
  • Oct 20, 2014 10:23am Oct 20, 2014 10:23am
Some of the questions that people ask on these threads simply challenge my version of reality.

When a person posts their "system" or "idea" or whatever, there is always a flood of questions like "what is your TP?" "what is your Stop Loss?" etc., etc. OMG...what freakin DIFFERENCE does it make people???? Take the info that is shared...put your OWN parameters on it...and see if it works for YOU! If it works then GREAT...if it doesn't then it doesn't.

I swear it wouldn't surprise me if someone asked if it's "OK to drink water while trading this method"....or "at what time of the hour can I go to the bathroom"...."what color underwear should I wear to trade this method"....

Seriously....some of these questions are just straight up IGNORANT!
  • #197
  • Oct 20, 2014 10:30am Oct 20, 2014 10:30am
Quoting Jbomb21990
Some of the questions that people ask on these threads simply challenge my version of reality. When a person posts their "system" or "idea" or whatever, there is always a flood of questions like "what is your TP?" "what is your Stop Loss?" etc., etc. OMG...what freakin DIFFERENCE does it make people???? Take the info that is shared...put your OWN parameters on it...and see if it works for YOU! If it works then GREAT...if it doesn't then it doesn't. I swear it wouldn't surprise me if someone asked if it's "OK to drink water while trading this method"....or...
Well said
  • #198
  • Oct 20, 2014 10:37am Oct 20, 2014 10:37am
Quoting Jbomb21990
Some of the questions that people ask on these threads simply challenge my version of reality. When a person posts their "system" or "idea" or whatever, there is always a flood of questions like "what is your TP?" "what is your Stop Loss?" etc., etc. OMG...what freakin DIFFERENCE does it make people???? Take the info that is shared...put your OWN parameters on it...and see if it works for YOU! If it works then GREAT...if it doesn't then it doesn't. I swear it wouldn't surprise me if someone asked if it's "OK to drink water while trading this method"....or...
LOL ... It's almost lunchtime here in the US. Is it OK if I make a cup of coffee and have a donut now? ...
Ghost Rider - WWTBMD?
  • #199
  • Oct 20, 2014 10:51am Oct 20, 2014 10:51am
Should I trade this system naked?
Itīs hot in here ... +30 degrees

And if I trade naked ... will afect the system performance?
  • #200
  • Oct 20, 2014 10:52am Oct 20, 2014 10:52am
Quoting albchr
{quote} LOL ... It's almost lunchtime here in the US. Is it OK if I make a cup of coffee and have a donut now? ...
LOL
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