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  • #9,221
  • Oct 31, 2015 7:02pm Oct 31, 2015 7:02pm
Quoting devontrader
{quote} dave genuinely im not i got an email saying there was issues ive done research and seems people are commenting on financial reasons i know clive championed them so thought that he would probably know whats going on genuinely a genuine question not anything else
Do you trade with them ? if not why the interest, the guys that trade with them would be up to date with the problems surely
  • #9,222
  • Oct 31, 2015 7:18pm Oct 31, 2015 7:18pm
Quoting OAPDave
{quote} Do you trade with them ? if not why the interest, the guys that trade with them would be up to date with the problems surely
i have a live account and was looking into them to use it.....spread my investments....i scalp using one broker....hurst with another...position trade another etc.I dont put my assets under 1 broker incase the go under
  • #9,223
  • Oct 31, 2015 7:42pm Oct 31, 2015 7:42pm
Quoting devontrader
{quote} i have a live account and was looking into them to use it.....spread my investments....i scalp using one broker....hurst with another...position trade another etc.I dont put my assets under 1 broker incase the go under
To be fair that is the safest way to trade in todays world, your very sensible, just out of interest who do you use for the £50 a pip trades, how long have you been with them, as I to like to spread my accounts around to, trying to get the best deals, would you recommend them, not to interest in this tight spreads its the margins requirements that interest me more, if possible could you give me a example for my fav pair gbp/usd £50 a pip what type of initial funding would I need to open an account with them, and are they any charges to with draw
  • #9,224
  • Nov 1, 2015 1:35am Nov 1, 2015 1:35am
Hi guys!

Hope you are all fine and doing well. Regarding the strong trenders. It mostly shows the GBPNZD and EURNZD as top pairs to trade. However, this
two pairs are actually the worst from the spread point of view. I have there rather consistent a 4-6 pip spread on this pairs. Other pairs are fine
and with very good spreads but this two are brutal. So once a trade is opened and you go with a -10 pip stop loss on such a volatile pair it is
almost guaranteed a loser.

I actually think that timing and patience is the most important thing with this strategy because the stops are rather little. If you go on such
volatile pairs with -10 pips its like a micro surgery. If you are not 100% woke you will end up getting spiked out 50 times a day and then it goes into your direction.

On the other side with the slow pairs you wait the whole London session to bank 5 pips profit.
  • #9,225
  • Nov 1, 2015 2:17am Nov 1, 2015 2:17am
Quoting MarkFX77
Hi guys! Hope you are all fine and doing well. Regarding the strong trenders. It mostly shows the GBPNZD and EURNZD as top pairs to trade. However, this two pairs are actually the worst from the spread point of view. I have there rather consistent a 4-6 pip spread on this pairs. Other pairs are fine and with very good spreads but this two are brutal. So once a trade is opened and you go with a -10 pip stop loss on such a volatile pair it is almost guaranteed a loser. I actually think that timing and patience is the most important thing with this...
exactly correct! This leaves the trader with several obvious options. My choice was to just trade eurusd. I can get plenty of trades from this pair alone using cci pullbacks and yes, patience is the name of the game. It's not wise to trade all pairs with the same SL/TP, because they don't move the same. You make a great point. And with this point alone a trader may be able to quickly succeed with this simple strategy.
  • #9,226
  • Nov 1, 2015 3:06am Nov 1, 2015 3:06am
I keep small amounts of money in broker accounts and remove sirplus to my bank account...if broker goes bust my money is not tied up
  • #9,227
  • Nov 1, 2015 4:46am Nov 1, 2015 4:46am
Quoting Vantage
{quote} Hi Clive I have been away for a little while but when I did pop in your system seemed to have taken a bit of divergence to a funny place. Anyway glad to see you are back to a simple and very easily understood concept with easily understood entry/exits. Nice one. I hate to say it yet again but what the hell, the reasons those trades worked so nicely strength/weakness across the board. Cheers
Hi Vantage, do you use any indicator to (maybe) forecast most probable combination of strength/weakness?

This week I will try Maddash and am looking for some insight.
  • #9,228
  • Nov 1, 2015 4:49am Nov 1, 2015 4:49am
Quoting devontrader
I keep small amounts of money in broker accounts and remove sirplus to my bank account...if broker goes bust my money is not tied up
This is an off-topic question, but since its been already touched upon in several posts, I'll ask it:
Trading several brokers at the same time may pose a problem in the sense that you need to open several trades (with different brokers) simultaneously. With this method you need to act quickly. Do you use any software that allows you to link several accounts and entering into a trade at one account automatically opens the same trade in the other accounts? Thanks.
  • #9,229
  • Nov 1, 2015 5:04am Nov 1, 2015 5:04am
Quoting devontrader
DMMFX going down the pan?? clive you championed this broker etc can you update everyone ?
Clive has written his concerns here :

http://www.forexfactory.com/showthre...=522966&page=3
every Saint has a past. Every Sinner has a Future
  • #9,230
  • Edited 7:07am Nov 1, 2015 5:46am | Edited 7:07am
Quoting MidnightRun
{quote} This is an off-topic question, but since its been already touched upon in several posts, I'll ask it: Trading several brokers at the same time may pose a problem in the sense that you need to open several trades (with different brokers) simultaneously. With this method you need to act quickly. Do you use any software that allows you to link several accounts and entering into a trade at one account automatically opens the same trade in the other accounts? Thanks.
There are, apparently, some apps that will copy trades between two separate mt4 accounts that are open at once on the same pc. I've made the effort to google it in the past, but this has been in anticipation of needing this in the future. I would also be interested in hearing from anyone who is/has already been successful at this (copying the same trades simultaneously). This past week I tried placing the same trades on two accounts manually and missed a number of important trades (in mere splits seconds good entries may vanish!) . . . Thanks in advance if someone is willing to share briefly which app can handle this task. -Jason
  • #9,231
  • Nov 1, 2015 7:39am Nov 1, 2015 7:39am
Quoting MarkFX77
Hi guys! Hope you are all fine and doing well. Regarding the strong trenders. It mostly shows the GBPNZD and EURNZD as top pairs to trade. However, this two pairs are actually the worst from the spread point of view. I have there rather consistent a 4-6 pip spread on this pairs. Other pairs are fine and with very good spreads but this two are brutal. So once a trade is opened and you go with a -10 pip stop loss on such a volatile pair it is almost guaranteed a loser. I actually think that timing and patience is the most important thing with this...
Hi Mark

Yes having a btroker with small spreads is paramount to this system as it is to most scalping strategies, thats why I use DDMMFX who have very low fixed spreads with no commission charges as low as 0.5 on USDJPY and GBPNZD is fixed at 2.4 and about the highest spread I will I use to trade. EUPNZD is 5.3 and just too high for me...

And yes with GBPNZD I tend to use 20 pip stops so reducing my risk accordingly to 5% across the 20 pips, but if it goes against me then Oi often stop it out at 10 pips...if I can catch it in time, better pairs for me are euraud, gbpaud, gbpjpy etc.

I'm only really interested in the top ADR pairs when they are in the top 8 trenders and their charts look very tradable, for instance I like to see them above all 4 35lwmas from the 1min, 5 min, 15min and hrly. With nothing in their way they tend to fly giving me 10 to 50 pips per trade but I would say the vast majority are between 10 to 20 pips.. However I'm sure the other pairs when they appear in top 4 are very tradable.

I tend not to just trade one pair like Jason who I believe sticks with the EURUSD pair..but as long as its moving average is sloping nicely one way or the other then its fine to trade it. The secret is to find something trending strongly on the 5 minute chart then watch the 1 minute chart for a pullback and entry...

The setup is simple, strong sloping moving average on any pair you like trading , then as early as possible in the move start taking entries on the 1 minute..

Not sure I quite agree with your 5 pips per session statement as I regularly make 50 pips per session without too much bother and know of several traders who put me completely in the shade with their incredible returns everyday without fail sometimes hundreds of pips in a day...With only a handful of losers and 10 pip stops in place from these 1 minute charts...

I thought you yourself made 150 pips the first day you used it????

Anyway, i know it works and yes there is trader discretion as with any system, but just look back through the charts and you'll start to see winning CCI signals on most steeply sloping MAs near the start of the 5 minute moves..Start to identify the ones that win with unerring regularity, the ones at 25 levels, ones close to the MAs, ones off of the recent S&R...etc etc.

Heres a chart of GBPJPY the current top trender when the markets closed on Friday....

Attached Image (click to enlarge)
Click to Enlarge Name: top trender friday.png Size: 85 KB


I'm trying out a slight modification at the moment using a CCI candle indicator kindly sent to me by OapDave, through a mutual aqauntance. Many thanks for that Dave...

I set it up as an 8 period and overbought sold levels at zero line cross. I have a 14 CCI on the bottom and whenever that goes oversold I'm looking for a red candle to sell the normal way. Gone back to my old 100lwma too for a while as all I want to know is which pair is moving the strongest so measure the 100lwma on the 1 minute chart...

Same old idea , find a strong trender and sell the peaks or in an uptrend but the dips, just tweaking the indicators for optimum performance..

Won't be around so much guys as the threads going a bit sideways for me and I'm busy chasing my first Million with my 20 pips per day profit making me a millionaire in a year....

Wish me luck....
Feel the Fear and do it anyway!!!
  • #9,232
  • Nov 1, 2015 7:53am Nov 1, 2015 7:53am
Quoting OAPDave
{quote} D/T please do not start this nonsense again, please delete the post
Hi Dave

Thanks for trying to keep the peace but don't worry about it Dave ,DMMFX are a very good broker and apart from the glitch last week, apparently a problem when they were updating their platforms, they've been fine. In fact I'd say first class broker to trade with..

Thanks again for that CCI candle Indy its awesome , one of the things I like about it most is I can switch back to price action candles by toggling between the Candle and line chart selection on topbar...in an instance...

Sad to hear you're leaving us Dave, hope you're reconsider?? Sorry if I've offended you in anyway. Many thanks anyway for all your efforts here are very much appreciated..
Feel the Fear and do it anyway!!!
  • #9,233
  • Nov 1, 2015 8:05am Nov 1, 2015 8:05am
Quoting MidnightRun
{quote} This is an off-topic question, but since its been already touched upon in several posts, I'll ask it: Trading several brokers at the same time may pose a problem in the sense that you need to open several trades (with different brokers) simultaneously. With this method you need to act quickly. Do you use any software that allows you to link several accounts and entering into a trade at one account automatically opens the same trade in the other accounts? Thanks.
i do not trade different brokers at the same time.1 for scalping trades 1 for swing trades 1 for positional trades etc etc.....i keep minimum equity in each broker.....when finds build up i withdraw to a bank account.Depending on what sort of trade setting up to which type of trade im doing will then determine which broker i place trade with.This can all be done within 1 mt4 platform
  • #9,234
  • Nov 1, 2015 8:43am Nov 1, 2015 8:43am
Quoting clivepackham
{quote} .. I set it up as an 8 period and overbought sold levels at zero line cross.
Clive, If I get it right, the above settings are for the CCI candles. Setting CCI 8 period is straightforward, but how do you set the 0 line cross? Do you set Overbought and Oversold in the indicator's Edit window at 0? Is that it?
Thanks
  • #9,235
  • Nov 1, 2015 8:45am Nov 1, 2015 8:45am
Quoting clivepackham
{quote} Hi Dave Thanks for trying to keep the peace but don't worry about it Dave ,DMMFX are a very good broker and apart from the glitch last week, apparently a problem when they were updating their platforms, they've been fine. In fact I'd say first class broker to trade with.. Thanks again for that CCI candle Indy its awesome , one of the things I like about it most is I can switch back to price action candles by toggling between the Candle and line chart selection on topbar...in an instance... Sad to hear you're leaving us Dave, hope you're...
No problem, think it was me that perhaps over reacted, so in fairness its me that owes you the apology, I love this thread but do get a little frustrated at times, it seems to move forward nicely then out of no were its back to page 1, it is my belief that as well as certain times to trade that are better than others, there are also certain price zones that are also better to trade but, hey enough as been said about that, still as always will keep looking in, after all there are some good guys on here now, just need a few more to become active.
Just leave you with one thought MURREY MATHS OR PRIME NUMBERS (round numbers) even PIVOTS and never forgetting the good old DAILY RANGE had to finish with a laugh hahahahahahaha
  • #9,236
  • Nov 1, 2015 8:49am Nov 1, 2015 8:49am
Quoting OAPDave
{quote} No problem, think it was me that perhaps over reacted, so in fairness its me that owes you the apology, I love this thread but do get a little frustrated at times, it seems to move forward nicely then out of no were its back to page 1, it is my belief that as well as certain times to trade that are better than others, there are also certain price zones that are also better to trade but, hey enough as been said about that, still as always will keep looking in, after all there are some good guys on here now, just need a few more to become...
dave ..nothing wrong with introducing MM....in fact it needs guya to introduce ideas to develop the system.to maybe better...heck filters are good for systems
  • #9,237
  • Edited 9:47am Nov 1, 2015 9:02am | Edited 9:47am
Quoting clivepackham
{quote} and I'm busy chasing my first Million with my 20 pips per day profit making me a millionaire in a year.... Wish me luck....
Yes I do
By the way, I am trying to rebuild your chart from post 9231...but have some difficulties.
Have downloaded top 8 trenders and top 28 trenders indi from the attached area but they look different in my chart.
Some ideas?
Thanks in advance.

Edit:
Ok, one problem solved. Found out that I have to change "MA TYPE" in the "TOP TRENDERS" indi from 8 to 3 to get LWMA numbers.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Clives chart.png Size: 191 KB
Click to Enlarge Name: weakest M1.png Size: 39 KB
Click to Enlarge Name: weakest M5.png Size: 29 KB
Attached Image
Have a nice day
  • #9,238
  • Nov 1, 2015 9:18am Nov 1, 2015 9:18am
Quoting devontrader
{quote} dave ..nothing wrong with introducing MM....in fact it needs guya to introduce ideas to develop the system.to maybe better...heck filters are good for systems
D/T I agree with you, but the guys need to be in a position to want to view new ideas, then we can all but something forward to be judged as worthwhile or not, how are you progressing with MM now, benefit or not. By the way your answer to my Post 9223 as left me totally confused still no idea what to do, ie fully fledged broker tax implications or not /spread bet account no matter what the spread still high dealing costs at £50 a pip any advice would be welcome , I assume that you trust your main broker after all to trade at £50 a pip as we both no still needs them to have a fair wedge, lost it once would not be happy to lose it again
  • #9,239
  • Nov 1, 2015 9:28am Nov 1, 2015 9:28am
Quoting clivepackham
{quote} Hi Mark Yes having a btroker with small spreads is paramount to this system as it is to most scalping strategies, thats why I use DDMMFX who have very low fixed spreads with no commission charges as low as 0.5 on USDJPY and GBPNZD is fixed at 2.4 and about the highest spread I will I use to trade. EUPNZD is 5.3 and just too high for me... And yes with GBPNZD I tend to use 20 pip stops so reducing my risk accordingly to 5% across the 20 pips, but if it goes against me then Oi often stop it out at 10 pips...if I can catch it in time, better...
Clive now I see you are looking at your old 100lwma, for the fear of floating your boat hahahah take a quick look at the 34eme based on the High and low from Sonics thread
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDSBM1.png Size: 35 KB
  • #9,240
  • Nov 1, 2015 9:44am Nov 1, 2015 9:44am
Quoting OAPDave
{quote} D/T I agree with you, but the guys need to be in a position to want to view new ideas, then we can all but something forward to be judged as worthwhile or not, how are you progressing with MM now, benefit or not. By the way your answer to my Post 9223 as left me totally confused still no idea what to do, ie fully fledged broker tax implications or not /spread bet account no matter what the spread still high dealing costs at 50 a pip any advice would be welcome , I assume that you trust your main broker after all to trade at 50 a pip as we...
im seeing how mm goes..def is very useful..only issue is clutter chart.I would go spreadbetting cos.its tax free .....if you treat trading as a business then fully with broker and paying tax is all part of a business.I have a mixture of both.....trade as a business my main income...as in my main broker but then most of.my trades are spreadbetting somits tax free cos.its not my main income lol simplesss.Shop around you.will find good.sb and brokers.....just keep limited money in there account and the rest in a special.bank account purely for trading.If broker goes bust you loae minimum amount as your main fund is in the bank
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