Quick 5 pips, 1% account.
Trading is as simple as ABCD
- #4,724
- Apr 1, 2015 10:31am Apr 1, 2015 10:31am
{quote} Hi, THX for your feedback, but it don't work the way you mentioned. The alerts appear for the top trenders you choose. For example, if topPairs = 4 and CCi_Alert is true, the indi alerts you when in the top 4 pairs the CCi goes under or over its value. So there is nothing with slope. Furthermore chart open and chart change work correctly. If OpenNewChart is true, it will open the charts for which the allert appears when that chart is not already open. ChangeChartSymbol changes your existing charts beginning with the first in your terminal...
Thank you very much for your fast reply.
Now I understant how it is working.
About the TTindy with 28 pairs, I dont realy need the line.
I hope you will find time to do it.
My deepest respects
Dan
- #4,725
- Apr 1, 2015 10:52am Apr 1, 2015 10:52am
- Joined Nov 2010 | Status: Trader | 4,484 Posts
I watched in disbelief as that Eur/Usd climbed right back up to the new's spike. Who would have imagined? I've been having some luck getting into these top trenders from TTindi and then just having a trailing stop that breaks even and creeps forward just 3 pips back from price. Sometimes I get 1 pip, sometimes 3, sometimes 7 or 8, occasionally over 10. However, it sure does feel good to not be loosing pips. I'm almost content to just keep re-entering at the next even level after each stop out in profit. Seems like when I hold out or move my SL back...
Incredible isn't it???? Up 100 pips at one time so go off to work quite happy expecting to come home to a nice little profit but no, its gone all the way back up and taken my two trades out at BE!!!!!!!!! Un-f*****g-believeable!!!!
now I know why I don't trade long term just far too stressful for me, I like it pure and simple like you Barpakjason just grab a little bit here and there, ,much more reliable than these daily charts...
Back to the drawing board.....
Feel the Fear and do it anyway!!!
{quote} Incredible isn't it???? Up 100 pips at one time so go off to work quite happy expecting to come home to a nice little profit but no, its gone all the way back up and taken my two trades out at BE!!!!!!!!! Un-f*****g-believeable!!!! now I know why I don't trade long term just far too stressful for me, I like it pure and simple like you Barpakjason just grab a little bit here and there, ,much more reliable than these daily charts...
I'm going to be annoying here, but hopefully in a helpful way!
Is it really time to go back to the drawing board? Or to put it another way, should you have left the drawing board that you were drawing on not so long ago?
To stop speaking in strange metaphors, and be blunt about it: was it really necessary to make such a large change to this system, as to go completely off the idea of taking smaller profits, and perhaps the occasional nice runner?
Deciding to go from trading the one minute chart, and taking profit at the end of one minute waves or trends, to entering on the basis of daily trends, and trying to let profitable trades run for days, seems like a big change to me. Perhaps bigger than was necessary. I get the impression that the system as it was, simply trading the 1 minute trends, has a lot of potential.
It seems to me like the sort of work that needs to be done to make it consistently profitable (if you have not already managed to have periods of consistent profitability - I don't know your trading record in detail), is deciding which CCI signals are the best to take, which sort of trends are the best to trade (e.g. not choppy trends, which are likely to stop you out for a loss or at BE), and how best to exit the trades. Changing to a system which aims to enter on the 1 minute chart and hold for days seems to be avoiding these problems in a way. The problems would still exist, but for a slightly different system (how would you exit these trends which are held over days, for example? I'm not sure I have seen this discussed).
This post is intended to be constructive, so please don't take it as an insult. I have only been at this Forex thing for a few months, so I can't claim any expertise, but one thing I have heard over and over again is that many potentially successful traders slow themselves down, or even sabotage themselves completely, but changing systems, or altering their system drastically, rather than dealing with the nitty gritty, frustrating work of making a system which is working at 90% effectiveness, work at 100% effectiveness.
Just to complicate things, this is not to say that a trader should always stick with a system, no matter what. Sometimes it may be that a potentially profitable system simply does not fit with a trader's personality, for example, so a change is beneficial. It seems to me though, that you, Clive have come very close to making this system work for yourself. Whilst you are free to change your system, or change systems completely as you wish, you should do so for the right reasons.
Whether or not you are making a change for sensible reasons or not is, in the end, a decision you alone. I just thought I'd write this post to stimulate some thought on the matter, but I can see that I have written far more than I set out to!
- #4,733
- Apr 1, 2015 4:38pm Apr 1, 2015 4:38pm
- Joined Nov 2010 | Status: Trader | 4,484 Posts
Feel the Fear and do it anyway!!!
- #4,734
- Apr 1, 2015 4:40pm Apr 1, 2015 4:40pm
- Joined Nov 2010 | Status: Trader | 4,484 Posts
Clive the key .to success disipline to follow rules
Thanks Harold for the good advice, but I think thats true in my life as well as trading, always struggled to obey the rules I'm afraid....
Feel the Fear and do it anyway!!!
- #4,735
- Apr 1, 2015 4:43pm Apr 1, 2015 4:43pm
- Joined Nov 2010 | Status: Trader | 4,484 Posts
Feel the Fear and do it anyway!!!
- #4,736
- Apr 1, 2015 5:16pm Apr 1, 2015 5:16pm
{quote} That represents the 5 minute 14 CCI on his 1 minute chart so he can see the 5 min waves on his 1 minute chart... 14 x 5 = 70.
and try to keep like old way (in the beginings), mr. Vantage have this setup, and suits perfect to me. Now Im trying to absorve the imput for the moment to enter in a trade, and try to watch M15 or H1 setup to go ahead in M1.
