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Trading is as simple as ABCD

  • #8,461
  • Sep 2, 2015 2:13pm Sep 2, 2015 2:13pm
Quoting Miche09
Hi clive, Please, where to find "Pres78's paper break even"... Regards {quote}
Pres78's paper breakeven is quite simple you either put on two trades or you close out half, basically lets say you're in a trade and up 10 pips so bank half that trade, Then move the other trade, the runner, to Break even plus the amount you banked on first half so in this case 10 pips. This gives the runner a chance to survive the first pullback to your entry. But if it keeps pulling back and hits your stop then you lost 10 and banked 10 so a net break even trade.

If the trade survives the pullback then move it to BE so that you at least lock in the banked 10 pip profit..

very clever way of making sure your runner has a chance of surviving as your stop should be behind some resistance/support rather than sitting on your entry which is very exposed..

Hope that helps..
Feel the Fear and do it anyway!!!
  • #8,462
  • Sep 2, 2015 2:29pm Sep 2, 2015 2:29pm
Quoting Pipglutton
Hi Guys. I am trading live with Oanda. I decided on them because of the ease of withdrawing money from my trading account. How readily available is your money at DMMFX?. Their spreads look awesome compared to my current scenario. Rgds Pieter
Heres the reviews on forex peace army a couple mention fast withdrawal so sounds ok to me...

http://www.forexpeacearmy.com/public...w.DMMFx.com.au
Feel the Fear and do it anyway!!!
  • #8,463
  • Sep 2, 2015 3:41pm Sep 2, 2015 3:41pm
Quoting clivepackham
{quote} I'm afraid the threads method has changed on a regular basis as I've tried to modify the system as I go , so I'd suggest reading the last 20 or so pages maybe last 10 even to get the jest of it as it is now... The main thing is .... Thats it read back about 10 pages for latest updates to system but I'm sticking to this so will piont any newbies to thread back to here in future.. Hope that helps any questions fire away...
Thank you again Clive for your thorough explanation, I will read last 10 pages several times I am indebted to you...

This system is a real killer...
  • #8,464
  • Sep 2, 2015 5:49pm Sep 2, 2015 5:49pm
Thank you clive..

Quoting clivepackham
{quote} Pres78's paper breakeven is quite simple you either put on two trades or you close out half, basically lets say you're in a trade and up 10 pips so bank half that trade, Then move the other trade, the runner, to Break even plus the amount you banked on first half so in this case 10 pips. This gives the runner a chance to survive the first pullback to your entry. But if it keeps pulling back and hits your stop then you lost 10 and banked 10 so a net break even trade. If the trade survives the pullback then move it to BE so that you at least...
  • #8,465
  • Sep 3, 2015 1:28am Sep 3, 2015 1:28am
Got up this morning to this.....nice little run of winners on GBPNZD starting with a trade off of yesterdays low..

Attached Image (click to enlarge)
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Then if yyou want to see a nice little trend look no further than eurnzd..

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No trends?????
Feel the Fear and do it anyway!!!
  • #8,466
  • Sep 3, 2015 3:18am Sep 3, 2015 3:18am
So my trades I took this morning since LO open:

1)
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trade went to +18 pips but unfortunately the next candle hit the SL from BE so only +1 pip

2)
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At the beginning of the trade there were some strengh. Trade went to +15 pips and on the first retrace i closed it for +8 pips

3)
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Nice CCI, but it lost the strengh and momentum. closed it manually for -1 pip

4)
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Best signal ever!! CCI ob pinbar and retrace from a pivot point. TP at Daily open line +18 pips

5)
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Lost momentum so closed it at +5 pips

50 mins working for 31 pips = 12 % --> Done for the day

Not bad at all and some very riskless trades!

Thanks master clive
  • #8,467
  • Sep 3, 2015 3:18am Sep 3, 2015 3:18am
GBP weakness across the board, GN pullback to 175 lwma, short GN

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Hit SL, -17 pip....
  • #8,468
  • Sep 3, 2015 3:31am Sep 3, 2015 3:31am
Quoting henryloving
GBP weakness across the board, GN pullback to 175 lwma, short GN {image} {image} Hit SL, -17 pip....
LWMA 35 was green and pointing up for quite some time.... also GBP news were comming in some minuets
  • #8,469
  • Sep 3, 2015 4:24am Sep 3, 2015 4:24am
Nice pullback on the GBP/AUD..........
  • #8,470
  • Sep 3, 2015 4:39am Sep 3, 2015 4:39am
GBP strong across the 1M board...
  • #8,471
  • Sep 3, 2015 5:14am Sep 3, 2015 5:14am
Quoting GodFire
{quote} LWMA 35 was green and pointing up for quite some time.... also GBP news were comming in some minuets
Thanks, I saw Clive said he does not care 1min LWMA 35 color. Thanks for pointing out there is GBP news coming, did not notice. my bad.
  • #8,472
  • Sep 3, 2015 8:55am Sep 3, 2015 8:55am
Closed at at 41.4 pips eventually
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  • #8,473
  • Sep 3, 2015 10:41am Sep 3, 2015 10:41am
Quoting Pipglutton
Closed at at 41.4 pips eventually {image}
Hi Pieter, may I Ask you how yo use the stochastic. Thanks
  • #8,474
  • Sep 3, 2015 11:51am Sep 3, 2015 11:51am
Quoting Pipglutton
Closed at at 41.4 pips eventually {image}
Hi Pieter, may I Ask you how yo use the stochastic. Thanks
  • #8,475
  • Sep 3, 2015 2:57pm Sep 3, 2015 2:57pm
hi, i wanted to ask witch indicators i need it more for your strategy?
Thank you.
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  • #8,476
  • Sep 4, 2015 6:08am Sep 4, 2015 6:08am
Quoting Sandeens22
hi, i wanted to ask witch indicators i need it more for your strategy? Thank you. {image}
you would need CCI indicator. You can use up cornor attachment icon to search template and indicators.
  • #8,477
  • Sep 4, 2015 4:58pm Sep 4, 2015 4:58pm
Very quiet the thread today.
  • #8,478
  • Sep 5, 2015 6:10am Sep 5, 2015 6:10am
Quoting SeaTheStars
{quote} If you do well in trading you should be able to afford to buy a license. Illegally using them sucks. So, you suck in this regard. Nothing personal, its just what it is. People use their time to develop something. So if someone wants to use it, they should pay and reward the programmer/developer. So you are even worse than those here asking for everything before even reading themselves. And yes, those who dont read and are lazy and want everything handed to them, will not make money longterm. Otherwise, million of people would be forex millionaires....
"you suck...nothing personal" ?? That is personal and i find that comment offensive..i was referring to 1 setting based.in windows system turns something into a lifetime usage.dont contact me with any requests cos the answer is no.im helping lots.more now then i ever did.....a friend yes others who insult....no!
  • #8,479
  • Sep 6, 2015 3:10am Sep 6, 2015 3:10am
I just downloaded the templates and indicators Clive mentioned several pages ago, but I'm a bit confused. I'm looking for just the basics that Clive uses right now. I downloaded the MA_in_Color.ex4, MA_Slope Alerts.ex4, No Fear Trading System 5 min master.tpl and The No Fear Trading System 2LWMAs.tpl.

When I add the 5 min master template I end up with all sorts of crazy moving averages on it. A 525 LWMA and a 2100 LWMA etc. It's all very confusing, and I'm not sure Clive uses these any more.

Any help is appreciated to tell me exactly what I need to download. I've read the last 20 pages, and I've seen the system morph so many times, but a new definite list of 'must-have' simple downloads would be great.

Thanks for the help.
  • #8,480
  • Sep 6, 2015 3:34am Sep 6, 2015 3:34am
I'm also unsure why my moving averages - a 35 LWMA and a 175 LWMA don't look the same as all of yours. Can you check the same time period as the one below on your systems and see if it matches? Mine seems so to be not as clean and with a lot more whip saw, making it very difficult to spot nice trends.

Thanks,
Gary
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