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Magic 5 - five pips only

  • #441
  • Dec 12, 2014 5:34am Dec 12, 2014 5:34am
[Quote = tk5; 7939970] {quote} parece ok technically..and fundamentalmente USD está em sell-ff estes dias [/ quote]
But does not conform to certain rules?
I think the staff is impatient and make trades without complying with the rules, and it happens because there EMA200 perhaps can be improved
  • #442
  • Dec 12, 2014 5:52am Dec 12, 2014 5:52am
Hello all, thanks for sharing this strategy tk5.

This is my first trade with it on GBPUSD, and first trade after few months. Not sure if this trade was ok with the rules, but it was a winner.
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  • #443
  • Dec 12, 2014 5:59am Dec 12, 2014 5:59am
Quoting haircut
{quote} There a a number of reasons. I got this mindset after reading the 00level trading thread here. This is what initially got me into this short scalping methodology but I could not get on with his system. This system however works great for me but his mindset makes sense to me. The reasons I would stop at that are 1) 2% a day is what I am looking for. I can get that in 10 pips. '10 pips a day is all you need to get rich. (A 1K account with 1 %/day compounding will grow into 1 million in 3 years)' that's a quote I did not do the maths and I...
You got it perfectly right
MT4/MT5 EAs/Indicators/Alerts coder
  • #444
  • Dec 12, 2014 6:08am Dec 12, 2014 6:08am
Quoting FerruFx
{quote} You got it perfectly right
Thanks man just need to keep this strike rate going on demo for a month or so more then do it for real!
  • #445
  • Dec 12, 2014 6:11am Dec 12, 2014 6:11am
another...
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  • #446
  • Dec 12, 2014 6:17am Dec 12, 2014 6:17am
Good skills you are smashing it!
  • #447
  • Dec 12, 2014 6:22am Dec 12, 2014 6:22am
I had an idea. HA open is [Open (previous bar) + Close (previous bar)]/2.
Let's change this to [Open (current bar) + Close (current bar)]/2.
If the value of the ma is shifted 1 bar forward we can anticipate the open of the next HA candle. This could give some extra decision time and help with stop placement if you would like to place a stop above/below the HA bar open.

I did not found anything that worked yet. I did found the allaverages v2.2 indy. You can select it to show HA open. And it does this, but only 2 bars back.
I am not a coder so unfortunately it remains an idea. Maybe anyone here can code it?
  • #448
  • Dec 12, 2014 6:32am Dec 12, 2014 6:32am
Quoting haircut
{quote} There a a number of reasons....
Ok, so it´s more like a "earning something along the way rather than doing it professionally?
  • #449
  • Dec 12, 2014 7:12am Dec 12, 2014 7:12am
Tk5 maybe you can create a chat for our group?
  • #450
  • Dec 12, 2014 8:20am Dec 12, 2014 8:20am
Quoting burson
Tk5 maybe you can create a chat for our group?
Why a chatgroup when you have the Forum here???
  • #451
  • Dec 12, 2014 8:22am Dec 12, 2014 8:22am
2 quick winners and done for the day

GJ +7.5 (tp was set at +5 but got slipped by +2.5)

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EJ +5

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  • #452
  • Dec 12, 2014 8:28am Dec 12, 2014 8:28am
Also has of this is not only earn
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  • #453
  • Dec 12, 2014 8:53am Dec 12, 2014 8:53am
Quoting macdh4
Also has of this is not only earn {image}
Using a simple trendline explains the problem here
when resistance turns into support

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  • #454
  • Dec 12, 2014 12:54pm Dec 12, 2014 12:54pm
Quoting Dave_C
The EA support is discontinued on this thread. I have updated the EA to include email alerts and PSAR confirmation. Rather than PM me please send me an email to [email protected] ("[email protected]") and I will endeavour to answer your queries and send you any updates. I continue to monitor this forum but will not post on any matters relating to the EA. (It is my choice to disable PM) To fxtrader, macdh4, partimedog, kleybenny, I will reply by email. Sorry this had to happen...
Hi everybody! I'm following this thread with a lot of interest. First of all, I want to say THANK YOU VERY MUCH to TK5 for this very good strategy!! And thanks to all of the other contributors of this thread, too. I'm still a newbie, and I think I need a lot of more screen time to get profitable... But, for the first time in my trading life, I feel that I may be able to get to it, so I'm very interested in this thread!

Although I'm not a coder, I've made a "lighter" version of the last Dave_C EA, just to use it only in alert mode, and I added the default calculated StopLoss to the alert message. This way I've found out an important error: the StopLoss is miscalculated in all JPY pairs. I suppose this may affect to any trading or backtesting with the EA. Dave_C, I hope you don't mind me to comment this in this thread, but it seems that you have disabled your PM. I would kindly ask you if you can repair this error, and, if it's not very difficult, it would be great too that the EA doesn't break (smiley on the top right corner stops smiling) if I change the TimeFrame just for a moment and then change it back.

I'll keep testing, although just in alert mode, because I prefer manual trading. But I think that the EA can help me a lot in my manual trading, because I'm trying it on M1 too, and it can save me a lot of time, so THANK YOU VERY MUCH to you too, Dave!

I still don't know if the strategy will work the same on M1, but sometimes I'm rather impatient to wait for the right setups on M15... Well, I know, I need to have A LOT of patience to trade well, but sometimes it's hard... I like action!
  • #455
  • Dec 12, 2014 1:11pm Dec 12, 2014 1:11pm
alright..did you make your 20 pips today? come on come on, report

always draw trendlines
  • #456
  • Dec 12, 2014 1:26pm Dec 12, 2014 1:26pm
Quoting tk5
alright..did you make your 20 pips today? come on come on, report
I'd love to be talking about the EA for your strategy on this thread.

I think its shocking that you feel it necessary to silence discussion on the EA for your strategy. WHAT HAPPENED TO FREE SPEECH!

I would urge you to allow discussion of the EA so it can be enhanced and improved. I had 6 winners today with the EA.

Will you allow discussion about the EA on this thread? I guess it would mean discussion doesn't dry up.
  • #457
  • Dec 12, 2014 1:31pm Dec 12, 2014 1:31pm
Quoting fxtrader08
{quote} I'd love to be talking about the EA for your strategy on this thread. I think its shocking that you feel it necessary to silence discussion on the EA for your strategy. WHAT HAPPENED TO FREE SPEECH! I would urge you to allow discussion of the EA so it can be enhanced and improved. I had 6 winners today with the EA. Will you allow discussion about the EA on this thread? I guess it would mean discussion doesn't dry up.
its not about speech, it really floods the thread...i asked him to develop and share here.

besides, i did many back-testing..some tests didn't even bring any trade. EA is too complicated. no ATR needed there for instance.

moreover, I am more than sure people won't trust EA, the wont trade it in real...many are newbies here.
always draw trendlines
  • #458
  • Dec 12, 2014 1:41pm Dec 12, 2014 1:41pm
Quoting tk5
{quote} its not about speech, it really floods the thread...i asked him to develop and share here. besides, i did many back-testing..some tests didn't even bring any trade. EA is too complicated. no ATR needed there for instance. moreover, I am more than sure people won't trust EA, the wont trade it in real...many are newbies here.
You see, your contributing to the development - thats the sort of things Dave needs to hear. I like EAs because all those profitable trades were done whilst I was taking lunch. That's 6 wins today and I had 8 a few days ago.

If you can get the entry as accurate as possible using whatever indicators needed....it will remain profitable.

We're all adults here (I think!) and can decide for ourselves what we want to absorb and gain from this thread and what we want to ignore....don't you think?
  • #459
  • Dec 12, 2014 2:02pm Dec 12, 2014 2:02pm
could it work with DAX (De30)?
  • #460
  • Dec 12, 2014 2:59pm Dec 12, 2014 2:59pm
Quoting tk5
alright..did you make your 20 pips today? come on come on, report
TK5, are you asking it to me? Well, as I have said before, I'm still a newbie... I have made some testings of your strategy during the last days, still nothing serious... But I've noticed that the number of TPs (or at least BEs) are a lot bigger than the number of SLs. But I still need to practice a lot more to be profitable, because just one SL kills a lot of TPs!

Today I've been proving the strategy during the first 4 hours of NY. Friday is not the best day, but I just wanted to test the EA, in Alert Mode, in M1 TimeFrame. If I take out some stupid mistakes because of my lack of patience (trades too close to Day Open, or too close to EMA200, or too close to some Pivot, or just before a Red New...) the result would have been between BreakEven and small positive. I know that I tend to overtrade a lot when I'm in my demo account and that I need to be a lot more selective!

The key is to have less and/or smaller SLs, I guess. I need to develop the skill to know when to manually exit a trade, before it hits the SL. I sometimes close trades around BE and then they go to TP. Other times I let them run and they end hitting the SL. I try to pay attention to PriceAction (Higher Highs and Higher Lows, or Lower Highs and Lower Lows), but I think I still need a lot of more "trading skill".

I hope to be able to report many positive results in this thread in the near future!
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