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Lazy trading

  • #281
  • Oct 22, 2014 8:12am Oct 22, 2014 8:12am
Quoting Nico1359
{quote} Bad idea. Martingale strategy will recoup your losses some of the time, but when it doesn't it virtually wipes out your account.
Cut your Losers short and let your Winners run.
  • #282
  • Oct 22, 2014 8:24am Oct 22, 2014 8:24am
Quoting dee50
Draw Down chart for today. I am using this information to guide me on a realistic SL, so I am looking for maximum Draw down, today if you were 2.5mins late entering on trade number 6 max draw down could have been 18 pips, at present I am using a 24 pip hard stop but managing the trades manually. TP is hit on average, so far, within the first 5 mins if it is not hit then I am looking down at the 15 min TF and even the 5min to get an idea as to what is going on. This is why we back test and/or forward test to assimilate this sort of information. BTW...
I set a SP = 15, but after 15 minutes I leave the operation, yet have never been lost to SP.
The percentage of success is quite high, so that after a losse trade multiply x2 lots, it seems safe, I doubt that we have to reach above factors x8 multiplication.
  • #283
  • Oct 22, 2014 8:39am Oct 22, 2014 8:39am
Quoting dee50
Draw Down chart for today. I am using this information to guide me on a realistic SL, so I am looking for maximum Draw down, today if you were 2.5mins late entering on trade number 6 max draw down could have been 18 pips, at present I am using a 24 pip hard stop but managing the trades manually. TP is hit on average, so far, within the first 5 mins if it is not hit then I am looking down at the 15 min TF and even the 5min to get an idea as to what is going on. This is why we back test and/or forward test to assimilate this sort of information. BTW...
Dee50,
Thanks for the share and analysis. My entry for the second last entry (18 pip DD one) was at 1.60348. My entry was sharp at 17.00. It did not hit TP. Me too use Armada. I closed it later for -10 pips. What was you entry point? Appreciate your help.

Thanks
bluejack
  • #284
  • Oct 22, 2014 8:48am Oct 22, 2014 8:48am
Quoting Clipi
The percentage of success is quite high, so that after a losse trade multiply x2 lots, it seems safe, I doubt that we have to reach above factors x8 multiplication.
That's exactly what roulette players say at the casino ... and they all lose their money at the end.

Remember that you will have always a worse bad streak than the previous worse bad streak ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #285
  • Oct 22, 2014 8:55am Oct 22, 2014 8:55am
Quoting ComoxBluejay
Hi. It's been a while since I last posted anything on this, or any site. The reason is I finally found my system. Plus, I also grew tired of the over inflated ego's of many of those that post frequently. 'Mladen'' on Forex TSD is the very best example of how to do things in a proper manner. Full disclosure of everything he does, all indicaters free & decompiled. This site, & TSD, are FREE & OPEN public sites. Anything posted should be the same. If you want to keep a secret....DON'T TELL ANYONE........that's the moan over with. I have traded the...
Thank you very much for this posting. I have some question: we have to wait until both indicator show same direction? If show then same direction of the higher frame. Or can you please tell me your system…

Thanks again…
  • #286
  • Oct 22, 2014 9:30am Oct 22, 2014 9:30am
Quoting muhitalam
{quote} Thank you very much for this posting. I have some question: we have to wait until both indicator show same direction? If show then same direction of the higher frame. Or can you please tell me your system… Thanks again…
If you read the first 3 pages , he has clearly mentioned about it.
  • #287
  • Oct 22, 2014 10:06am Oct 22, 2014 10:06am
Quoting bluejack
{quote} Dee50, Thanks for the share and analysis. My entry for the second last entry (18 pip DD one) was at 1.60348. My entry was sharp at 17.00. It did not hit TP. Me too use Armada. I closed it later for -10 pips. What was you entry point? Appreciate your help. Thanks bluejack
Sorry but I did not trade GU today but looking at the chart, if I had been, I would have had to exit just like you.

This is why we need to demo this method for a while, to work out how to get out when fate tickles your balls and misses your TP by one pip.
Cut your Losers short and let your Winners run.
  • #288
  • Oct 22, 2014 10:14am Oct 22, 2014 10:14am
Quoting muhitalam
{quote} Thank you very much for this posting. I have some question: we have to wait until both indicator show same direction? If show then same direction of the higher frame. Or can you please tell me your system… Thanks again…
This is what I find incredible.

Post Number 5. page 1

Hi ComoxBluejay,
Thanks for sharing.
Do you wait until both indicators show the same direction, and have also the same direction of the higher frame, or how do you do it (if the current and higher timeframe give opposite signals)?

Post Number 8. Page 1

Hi Dragos, Hi Mary4x
I don't wait for anything to 'Match up'. Just trade in the direction of the last bar painted by the NonLagMA.

And then. PDF of Comments made

http://www.forexfactory.com/attachme...mentid=1532846
Cut your Losers short and let your Winners run.
  • #289
  • Oct 22, 2014 10:15am Oct 22, 2014 10:15am
Quoting bluejack
{quote} If you read the first 3 pages , he has clearly mentioned about it.
Hello bluejack,

Thank you very much. Now it`s clear to me. I read this 3 page but don`t understand clearly. now it`s clear to me and thanks again
  • #290
  • Oct 22, 2014 10:26am Oct 22, 2014 10:26am
Quoting dee50
{quote} Sorry but I did not trade GU today but looking at the chart, if I had been, I would have had to exit just like you. This is why we need to demo this method for a while, to work out how to get out when fate tickles your balls and misses your TP by one pip.
Sorry.. It was my mistake. I thought your chart was G/U.

Bluejack
  • #291
  • Oct 22, 2014 10:34am Oct 22, 2014 10:34am
Quoting bluejack
{quote} Sorry.. It was my mistake. I thought your chart was G/U. Bluejack
I am glad it was not Sorry for your loss.
Cut your Losers short and let your Winners run.
  • #292
  • Oct 22, 2014 10:38am Oct 22, 2014 10:38am
Quoting bluejack
{quote} Dee50, Thanks for the share and analysis. My entry for the second last entry (18 pip DD one) was at 1.60348. My entry was sharp at 17.00. It did not hit TP. Me too use Armada. I closed it later for -10 pips. What was you entry point? Appreciate your help. Thanks bluejack
I had the exact same trade and ended up getting out as you did for a -10 pips

the rest were winners
  • #293
  • Oct 22, 2014 11:03am Oct 22, 2014 11:03am
Guys, how did you finished with todays 3pm UK time trade? At the beggining of the hour NonLagMa was red and then it reversed. Did you took loss of 16 pips or somehow managed to take 3 pips profit?(after spread it is only 2 pips).
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 20 KB
  • #294
  • Oct 22, 2014 11:12am Oct 22, 2014 11:12am
Quoting Clipi
{quote} I set a SP = 15, but after 15 minutes I leave the operation, yet have never been lost to SP. The percentage of success is quite high, so that after a losse trade multiply x2 lots, it seems safe, I doubt that we have to reach above factors x8 multiplication.
Nice trading. You managed to get out of 2 trades with a loss of only -2 pips and -3 pips, any clues as to how you did that? You mention leaving the operation after 15 mins, I take it that this means you close the trade after 15 mins, is that regardless of your position?

I would agree that based on the current very limited information that a large SL (SP) is not needed, but, for myself, I prefer to have a secondary emergency SL when scalping, just in case. I have a primary SL which I call experience.
Cut your Losers short and let your Winners run.
  • #295
  • Oct 22, 2014 11:17am Oct 22, 2014 11:17am
Quoting orangutangas
Guys, how did you finished with todays 3pm UK time trade? At the beggining of the hour NonLagMa was red and then it reversed. Did you took loss of 16 pips or somehow managed to take 3 pips profit?(after spread it is only 2 pips). {image}
I think this is the same trade that "Bluejack" and "AllyB" ended up closing for -10 pips and probably every one else! Looking at the chart I think it is unlikely that any one closed for a profit.
Cut your Losers short and let your Winners run.
  • #296
  • Oct 22, 2014 11:49am Oct 22, 2014 11:49am
dee, did you trade through the news?
  • #297
  • Oct 22, 2014 11:57am Oct 22, 2014 11:57am
Quoting dee50
{quote} I think this is the same trade that "Bluejack" and "AllyB" ended up closing for -10 pips and probably every one else! Looking at the chart I think it is unlikely that any one closed for a profit.
Y indeed. So the best way looks like is to go M5/M15 and check what new NonLagMa shows..
  • #298
  • Oct 22, 2014 12:56pm Oct 22, 2014 12:56pm
be cautious in using this system, i have tried it for 1.5 days and yielded good results. however, i almost lost my gained profit from it with 1 bad trade. Indicator repaints as well, specially when price moves the other direction so i suggest use SL. (assuming you're trading big lots)
  • #299
  • Oct 22, 2014 6:34pm Oct 22, 2014 6:34pm
Quoting dee50
{quote} I think this is the same trade that "Bluejack" and "AllyB" ended up closing for -10 pips and probably every one else! Looking at the chart I think it is unlikely that any one closed for a profit.
There was an opportunity to close that G/U trade on BE or small profit before it moved into higher DD. I had a same trade opened at pepperstone demo with TS of 4 pips. It was opened 1 minute late and this trade closed for profit. Below is the Actual trade which i closed for loss.
Attached Image
  • #300
  • Oct 23, 2014 1:18am Oct 23, 2014 1:18am
GU TP, took 16 mins to get 4 pips
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