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Magnetic Target Zone with Capped Martingale

  • #61
  • Oct 20, 2014 12:53am Oct 20, 2014 12:53am
Quoting profitfarmer
I think 0.2 was definitely too large. If for the same of entering have a 3rd step...then I would think a system with max 2 steps would make more sense maybe. Surely a more stable performance, limited risk, limited DD... But then the question begs about step 2 being undersized a bit, or not in the current way. Again, just some thoughts, been thru some similar systems in the past myself.
The moment you posted on this thread I became aware that you have some idea of the strategy that I am using.
You may have or are still using such type of systems in your own trading.
I appreciate you feedback . Its just that I am in the trial of the strategy with very little sample date.
I had a mind over last weekend to get rid of the 3rd step (which you also suggested) but somehow stuck with the original base strategy till I get a 100 or more sample data to analyze.
Striving to Develop & Implement Innovative Ideas
  • #62
  • Oct 20, 2014 1:43pm Oct 20, 2014 1:43pm
Any trades for today?
  • #63
  • Oct 20, 2014 9:33pm Oct 20, 2014 9:33pm
Quoting chandan655
Any trades for today?
I did not get any entries while I was on my system. There was only one opportunity in GBPJPY but I missed it.
Striving to Develop & Implement Innovative Ideas
  • #64
  • Oct 21, 2014 9:11am Oct 21, 2014 9:11am
Today's First Trade :
EURNZD (A1) : buy 0.03 lot at 1.5921. TP 1.5970. SL post 3rd Martingale.
Next Level buy 0.05 lot at 1.5841 (A2) if TP not hit on above trade (A1) and goes further down. TP at this level will be 1.5921.(All EURNZD trades closed)
Last Level buy 0.07 lot at 1.5761 (A3) if TP not hit on the above trade (A2) and goes further down. TP at this level will be 1.5841. (All EURNZD trades closed)
If the pair continues falling then SL of all above trades (A1 , A2 , A3) will be 1.5721.
Striving to Develop & Implement Innovative Ideas
  • #65
  • Oct 21, 2014 10:27am Oct 21, 2014 10:27am
Quoting New-Pragati
Today's First Trade : EURNZD (A1) : buy 0.03 lot at 1.5921. TP 1.5970. SL post 3rd Martingale. Next Level buy 0.05 lot at 1.5841 (A2) if TP not hit on above trade (A1) and goes further down. TP at this level will be 1.5921.(All EURNZD trades closed) Last Level buy 0.07 lot at 1.5761 (A3) if TP not hit on the above trade (A2) and goes further down. TP at this level will be 1.5841. (All EURNZD trades closed) If the pair continues falling then SL of all above trades (A1 , A2 , A3) will be 1.5721.
Within 2 hours the above trade got closed in profit of $11.47 in the first step. (after deductions)
The second and third step trades are cancelled.
Attached Image (click to enlarge)
Click to Enlarge Name: proof 15.jpg Size: 36 KB
Striving to Develop & Implement Innovative Ideas
  • #66
  • Oct 21, 2014 11:24am Oct 21, 2014 11:24am
Today's Second Trade :
EURCAD (B1) : buy 0.03 lot at 1.4274. TP 1.4320. SL post 3rd Martingale.
Next Level buy 0.05 lot at 1.4204 (B2) if TP not hit on above trade (B1) and goes further down. TP at this level will be 1.4274.(All EURCAD trades closed)
Last Level buy 0.07 lot at 1.4134 (B3) if TP not hit on the above trade (B2) and goes further down. TP at this level will be 1.4204. (All EURCAD trades closed)
If the pair continues falling then SL of all above trades (B1 , B2 , B3) will be 1.4100.
Striving to Develop & Implement Innovative Ideas
  • #67
  • Oct 22, 2014 10:26am Oct 22, 2014 10:26am
Today's First Trade :
EURAUD (A1) : buy 0.03 lot at 1.4375. TP 1.4425. SL post 3rd Martingale.
Next Level buy 0.05 lot at 1.4300 (A2) if TP not hit on above trade (A1) and goes further down. TP at this level will be 1.4375.(All EURAUD trades closed)
Last Level buy 0.07 lot at 1.4225 (A3) if TP not hit on the above trade (A2) and goes further down. TP at this level will be 1.4300. (All EURAUD trades closed)
If the pair continues falling then SL of all above trades (A1 , A2 , A3) will be 1.4190.
yesterday's second trade is still open
Striving to Develop & Implement Innovative Ideas
  • #68
  • Oct 22, 2014 11:21am Oct 22, 2014 11:21am
would you consider creating+adding a trade explorer to your thread...that was it would just be easier to follow things here.
since you post trades, I think there is nothing secret.
I believe this method has potential, and that your thread is underrated here...that maybe could bring in more comments. or not.
there is always, always another trade!!
  • #69
  • Oct 22, 2014 11:33am Oct 22, 2014 11:33am
EURCAD seems to have picked the second (B2) trade.
EURAUD (A1) about 20 pips from Profit

As said by profitfarmer, Your system (entry and money mgmt) have good potential

Good job..
  • #70
  • Oct 22, 2014 11:44am Oct 22, 2014 11:44am
Quoting profitfarmer
would you consider creating+adding a trade explorer to your thread...that was it would just be easier to follow things here. since you post trades, I think there is nothing secret. I believe this method has potential, and that your thread is underrated here...that maybe could bring in more comments. or not.
I agree with you however kindly check post #3:

Quoting New-Pragati
....... I will be doing this on a real account with a small balance along with multiple other strategies already providing profits.
I have checked options of trade explorer but there is no option to hide open trades.
This is one of many other strategies that I am using and don't want to disclose all my open trades.
I have sent a feedback to TWEE for providing an option to hide all open trades in ff trade explorer
Till that does not happen I do apologize I will not be able to add trade explorer.
Striving to Develop & Implement Innovative Ideas
  • #71
  • Oct 22, 2014 11:47am Oct 22, 2014 11:47am
Quoting chandan655
EURCAD seems to have picked the second (B2) trade. EURAUD (A1) about 20 pips from Profit As said by profitfarmer, Your system (entry and money mgmt) have good potential Good job..
You are right about the trades being executed.
Thanks for you comments.
So far it has been quite good. I want to check if overall I can sustain profitability in 100 trades.(if I reach that far)
Striving to Develop & Implement Innovative Ideas
  • #72
  • Oct 22, 2014 11:56am Oct 22, 2014 11:56am
Quoting New-Pragati
{quote} I agree with you however kindly check post #3: {quote} I have checked options of trade explorer but there is no option to hide open trades. This is one of many other strategies that I am using and don't want to disclose all my open trades. I have sent a feedback to TWEE for providing an option to hide all open trades in ff trade explorer Till that does not happen I do apologize I will not be able to add trade explorer.
Understand your point about hiding trades .. even thought it doesn't really matter for myself, since what I do I kind a discretionary in nature.
If you set a demo for just this, that should do too. I am interested a bit in the stat side too, less than the actual trades only, so, could better compare note with you. Of course, if you care to have some of my useless comment, lol.
there is always, always another trade!!
  • #73
  • Oct 22, 2014 8:38pm Oct 22, 2014 8:38pm
Quoting New-Pragati
Today's First Trade : EURAUD (A1) : buy 0.03 lot at 1.4375. TP 1.4425. SL post 3rd Martingale. Next Level buy 0.05 lot at 1.4300 (A2) if TP not hit on above trade (A1) and goes further down. TP at this level will be 1.4375.(All EURAUD trades closed) Last Level buy 0.07 lot at 1.4225 (A3) if TP not hit on the above trade (A2) and goes further down. TP at this level will be 1.4300. (All EURAUD trades closed) If the pair continues falling then SL of all above trades (A1 , A2 , A3) will be 1.4190. yesterday's second trade is still open
The above trade is closed in profit of $12.70 (after deductions) in the first step.
Trades A2 and A3 are cancelled.
Attached Image (click to enlarge)
Click to Enlarge Name: proof 16.jpg Size: 39 KB
Striving to Develop & Implement Innovative Ideas
  • #74
  • Oct 22, 2014 8:52pm Oct 22, 2014 8:52pm
Today's First Trade :
GBPNZD (A1) : sell 0.03 lot at 2.0453. TP 2.0370. SL post 3rd Martingale.
Next Level sell 0.05 lot at 2.0550 (A2) if TP not hit on above trade (A1) and goes further up. TP at this level will be 2.0453.b(All GBPNZD trades closed)
Last Level sell 0.07 lot at 2.0650 (A3) if TP not hit on the above trade (A2) and goes further up. TP at this level will be 2.0550. (All GBPNZD trades closed)
If the pair continues falling then SL of all above trades (A1 , A2 , A3) will be 2.0600.
Striving to Develop & Implement Innovative Ideas
  • #75
  • Oct 23, 2014 1:53am Oct 23, 2014 1:53am
Today's second Trade :
AUDNZD (C1) : sell 0.03 lot at 1.1175. TP 1.1125. SL post 3rd Martingale.
Next Level sell 0.05 lot at 1.1250 (C2) if TP not hit on above trade (C1) and goes further up. TP at this level will be 1.1175 (All AUDNZD trades closed)
Last Level sell 0.07 lot at 1.1325 (C3) if TP not hit on the above trade (C2) and goes further up. TP at this level will be 1.1250. (All AUDNZD trades closed)
If the pair continues falling then SL of all above trades (C1 , C2 , C3) will be 1.1360.
Striving to Develop & Implement Innovative Ideas
  • #76
  • Oct 23, 2014 3:20am Oct 23, 2014 3:20am
Quoting New-Pragati
Today's Second Trade : EURCAD (B1) : buy 0.03 lot at 1.4274. TP 1.4320. SL post 3rd Martingale. Next Level buy 0.05 lot at 1.4204 (B2) if TP not hit on above trade (B1) and goes further down. TP at this level will be 1.4274.(All EURCAD trades closed) Last Level buy 0.07 lot at 1.4134 (B3) if TP not hit on the above trade (B2) and goes further down. TP at this level will be 1.4204. (All EURCAD trades closed) If the pair continues falling then SL of all above trades (B1 , B2 , B3) will be 1.4100.
The above trade was closed manually before TP or SL. This trade was open for more than 2 days and resulted in negative swap. Also conditions changed drastically against the system in this pair.
Profit post deductions = $15.67
Loss after adding charges = $9.40.
Net Profit = $6.27
even though net profit of $6.27 was achieved it will not be added to the summary on 1st post as closure was not as per the system.
Attached Image (click to enlarge)
Click to Enlarge Name: proof 17.jpg Size: 35 KB
Striving to Develop & Implement Innovative Ideas
  • #77
  • Edited 4:00am Oct 23, 2014 3:47am | Edited 4:00am
Quoting New-Pragati
Today's First Trade : GBPNZD (A1) : sell 0.03 lot at 2.0453. TP 2.0370. SL post 3rd Martingale. Next Level sell 0.05 lot at 2.0550 (A2) if TP not hit on above trade (A1) and goes further up. TP at this level will be 2.0453.b(All GBPNZD trades closed) Last Level sell 0.07 lot at 2.0650 (A3) if TP not hit on the above trade (A2) and goes further up. TP at this level will be 2.0550. (All GBPNZD trades closed) If the pair continues falling then SL of all above trades (A1 , A2 , A3) will be 2.0600.
I see post UK retail sales news release all brokers prices for GBPNZD reached my target and also 10 pips below but unfortunately on my broker it has not reached.It missed by 1 pip Spooky broker that I am trading with. ( I have 4 terminals running on my system to compare prices )
Striving to Develop & Implement Innovative Ideas
  • #78
  • Oct 23, 2014 4:45am Oct 23, 2014 4:45am
Today's Third Trade :
EURNZD (D1) : sell 0.03 lot at 1.6135. TP 1.6090. SL post 3rd Martingale.
Next Level sell 0.05 lot at 1.6210 (D2) if TP not hit on above trade (D1) and goes further up. TP at this level will be 1.6135 (All EURNZD trades closed)
Last Level sell 0.07 lot at 1.6290 (D3) if TP not hit on the above trade (D2) and goes further up. TP at this level will be 1.6135. (All EURNZD trades closed)
If the pair continues falling then SL of all above trades (D1 , D2 , D3) will be 1.6325.
Striving to Develop & Implement Innovative Ideas
  • #79
  • Oct 23, 2014 6:54am Oct 23, 2014 6:54am
Quoting New-Pragati
Today's First Trade : GBPNZD (A1) : sell 0.03 lot at 2.0453. TP 2.0370. SL post 3rd Martingale. Next Level sell 0.05 lot at 2.0550 (A2) if TP not hit on above trade (A1) and goes further up. TP at this level will be 2.0453.b(All GBPNZD trades closed) Last Level sell 0.07 lot at 2.0650 (A3) if TP not hit on the above trade (A2) and goes further up. TP at this level will be 2.0550. (All GBPNZD trades closed) If the pair continues falling then SL of all above trades (A1 , A2 , A3) will be 2.0600.
The above mentioned trade closed with a profit of $19.46 (after deductions) in the first step.
step 2 and step 3 trades cancelled.
Mentioned in post 77 about this trade missing being closed by 1 pip a few hours back. Now successfully closed.
today's 2 trades are still open.
Attached Image (click to enlarge)
Click to Enlarge Name: proof 18.jpg Size: 41 KB
Striving to Develop & Implement Innovative Ideas
  • #80
  • Edited 9:44am Oct 23, 2014 9:31am | Edited 9:44am
Today's Fourth Trade : (another opportunity in GBPNZD)
GBPNZD (E1) : sell 0.03 lot at 2.0460. TP 2.0380. SL post 3rd Martingale.
Next Level sell 0.05 lot at 2.0560 (E2) if TP not hit on above trade (E1) and goes further up. TP at this level will be 2.0460.b(All GBPNZD trades closed)
Last Level sell 0.07 lot at 2.0660 (E3) if TP not hit on the above trade (E2) and goes further up. TP at this level will be 2.0560. (All GBPNZD trades closed)
If the pair continues falling then SL of all above trades (E1 , E2 , E3) will be 2.0710.
Striving to Develop & Implement Innovative Ideas
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