Swing-Hi trading System

@pipstroll is there a way to re view the signals once the alert window disappears ???

OK i got it The expert tab
TY Pipstroll

+22 pips

Glad you find it.

Great trade.While today I got big loss by AUD/USD. 4x entries, all were loss.

hahahahahahah

Sorry to hear that Pipstroll. I started with 2 losers as well but made up for it during the rest of the day. I am still in one H4 trade (Cable). Not sure i can stay in much longer as it has shown little movement.

if there is an EA available y not backtest this stratigy so that a clear picture of the stratigy appear bcoz a lot of traders tried this

backtested it with OBI Ea o.o2 on alpari M30 GBP USD
and results are

so you also backtested withdrawing of money during the process
..come on, while trading we need to use some common sense, some confirmation..bottom line nothing is bullet proof in FX world.
I think Obi's idea has logic and is useful. How we use it is our choice - as per his words it is profitable for him and he shared it. the rest is up to us.

Furthermore, in my opinion one could make efforts in finding constructive use of an idea, instead of making efforts in showing why something doesn't work

While working in higher timeframes can be more reliable due to less to and fro and "noise", if you are risking a % of account then timeframe does not matter other than higher timeframes revealing less signals. I traded 2 off the 15m charts this morning for 5p each and increased my account by 2%.

im not criticize just for clearer picture ,i already use it and add some other things in the stratigy like bands stoch Sma etc

Agreed Marshalmax, the issue for me is about SL placement and RR. You clearly understand this; SL placement needs to be technically sound (not an arbitrary number of pips) and RR needs to be 1:1 at least for me. As you mention the SL is the controller of risk and should equate to a max % of bank (2% in my case). The larger the TF the larger the number of pips the SL is likely to be from entry. Applying these rules will prevent some traders using the larger TFs because of bank size not being large enough and with fewer trades the lack of 'noise' is perhaps the only advantage? I am trying it to see if a range of different TFs provides additional security, rather like the benefits of a balanced portfolio. Thoughts?

Worth pointing out that if you apply these rules, discussing 'pips won' is largely irrelevant, we should discuss multiples of reward over risk won. As I hope we all realise it is good MM that will make us live longest in this world not the best strategy.

@marshalmax you mean to say using for H1 and H4 is ideal?

I'm enter always with 10 pips for SL and TP. Today, the trade was okay. Enter on 6 engulfing pattern, 1 loss 5 profits. This is the last one I attached here. Still not know the result yet.




Closed @17:15

First trade today. As it is in line with the trend I may extend TP depending on the speed with which it gets there....if it does.

Update: already hit TP1 so will remove 50% of trade and let the remainder run. SL at BE.

:

Missed the U/CHF trade short on M30. Anyone catch it?

Staying in the Euro (50%) because the H1 has also now triggered:

sell eurgbp @ 7918 time 22 14 12 date 10/12/14
sell aud cad @ 9496 time 12 46 29 date 11/12/14

Any suggestions?

also triggered CADCHF Sell