The seemingly impossible: $25-$500 | Page 63 | Forex Factory

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The seemingly impossible: $25-$500

  • #1,241
  • Jan 1, 2016 1:08pm Jan 1, 2016 1:08pm
Can any one tell me how the system works. Will it trade automatically or we have to trade manually. I attached on the screen and it shows no signals at the bottom. How to make it work?
  • #1,242
  • Jan 3, 2016 2:45am Jan 3, 2016 2:45am
Quoting forexbrzee
Can any one tell me how the system works. Will it trade automatically or we have to trade manually. I attached on the screen and it shows no signals at the bottom. How to make it work?
Oga, everything is vividly explained in the thread. Just try to read through, u ll find answers to your questions.

Phemmy
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #1,243
  • Edited 10:27pm Jan 3, 2016 8:29pm | Edited 10:27pm
wow. result for first try. 197 pips
best result on ECN account

ignore trade on december. It was my EA test. January using phemmy strategy and you can track the progress here.

https://www.mql5.com/en/signals/155294
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Don't be greedy! Sooner or later it will kill you! "Droneox Dragon"
  • #1,244
  • Jan 6, 2016 1:00pm Jan 6, 2016 1:00pm
I have gone through the posts and figured out the entry point. What is the exit strategy? At what pips of profit of stop loss one should exit in this system?
  • #1,245
  • Jan 6, 2016 9:51pm Jan 6, 2016 9:51pm
Quoting forexbrzee
I have gone through the posts and figured out the entry point. What is the exit strategy? At what pips of profit of stop loss one should exit in this system?
Pls read again. Answers are there.

Phemmy
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #1,246
  • Jan 8, 2016 1:57am Jan 8, 2016 1:57am
which is better to use? C5 or c14? I also see only once the script executes the trade. If i want to open again when there are open positions it doesn't execute...
  • #1,247
  • Jan 18, 2016 5:41pm Jan 18, 2016 5:41pm
hi phemmy
nice to see there is a big progress in your system.
regards
fred
  • #1,248
  • Jan 19, 2016 2:54am Jan 19, 2016 2:54am
Quoting fredgold3434
hi phemmy nice to see there is a big progress in your system. regards fred
Long time old friend. Hope u re making progress in fx too?

I m still learning, my brother.

Phemmy
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #1,249
  • Jan 19, 2016 7:34am Jan 19, 2016 7:34am
Hi Openmipo,

anyway can you modify the EA that can send out alert or notification when trade condition meets so that we don't have to watch the screen so often in order not to miss the trades?
Follow me to the Promised Land
  • #1,250
  • Jan 19, 2016 12:00pm Jan 19, 2016 12:00pm
Quoting Opemipo
{quote} Long time old friend. Hope u re making progress in fx too? I m still learning, my brother. Phemmy
Thanks bro
i have been busy with 2 jobs and had no time at all to work on it.
im trying to do it now even one hour a week.
regards
fred
  • #1,251
  • Jan 20, 2016 10:27pm Jan 20, 2016 10:27pm
Howdy Phemmy!

I REALLY like your thread. So much so that after years of checking out FF, this is my first comment on any thread. I have set up the EA and scripts as per your instructions but, it doesn't seem to be working. When I apply the template, I can see the proper screen for a millisecond but, then it quickly disappears into a black screen. Do you OR anyone perhaps that has been following this thread know what I could be doing wrong? This is the first time I have ever tried using an EA and even after "Googling" for a solution, I cannot seem to get it to work properly.

Thanks kindly for your help and may God bless you for all that you are doing to help others... Bo
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  • #1,252
  • Jan 21, 2016 2:21pm Jan 21, 2016 2:21pm
Quoting bomax2000
Howdy Phemmy! I REALLY like your thread. So much so that after years of checking out FF, this is my first comment on any thread. I have set up the EA and scripts as per your instructions but, it doesn't seem to be working. When I apply the template, I can see the proper screen for a millisecond but, then it quickly disappears into a black screen. Do you OR anyone perhaps that has been following this thread know what I could be doing wrong? This is the first time I have ever tried using an EA and even after "Googling" for a solution, I cannot seem...
Right click the market watch, select Show all and then re-apply the template.

Thanks!

Phemmy
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #1,253
  • Jan 21, 2016 4:05pm Jan 21, 2016 4:05pm
@Opemipo
Thanks Phemmy. I had done that before my message and I just tried it again as well... still the same thing. I have downloaded everything just as you instructed on TWO brokers (DMM FX and OctaFx) and the exact same thing occurs. I am going to try doing everything on YOUR broker (FxOpen) and see if that makes a difference. If that doesn't work, I will try it on another computer.

Thanks for your response Phemmy... Bo
  • #1,254
  • Jan 21, 2016 4:43pm Jan 21, 2016 4:43pm
Hey Phemmy! I got it working now! WHEW!!! Apparently, it matters which broker you use... Bo
  • #1,255
  • Jan 21, 2016 8:50pm Jan 21, 2016 8:50pm
Quoting bomax2000
Hey Phemmy! I got it working now! WHEW!!! Apparently, it matters which broker you use... Bo
Thank God!

Enjoy the pips!

Phemmy
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #1,256
  • Jan 22, 2016 3:56am Jan 22, 2016 3:56am
Hi Phemmy,

My first day trading this. Entered a C5 buy during Asian session. Got some pips. Took profit and now reloaded with lower risk size with another buy signal. Although Monthly is strong sell, the rest looks like strong buy signal (let me know what you think). Thanks for the system.
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insanity: Doing the same thing over... and expecting different results -AE
  • #1,257
  • Jan 23, 2016 7:07am Jan 23, 2016 7:07am
Quoting qFish
Hi Phemmy, My first day trading this. Entered a C5 buy during Asian session. Got some pips. Took profit and now reloaded with lower risk size with another buy signal. Although Monthly is strong sell, the rest looks like strong buy signal (let me know what you think). Thanks for the system. {image}
Pls study it very well. There are 1001 ways to use it.

When my live acc crosses 1000%, I ll give my thread follower a special gift.

Phemmy
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #1,258
  • Jan 23, 2016 8:08am Jan 23, 2016 8:08am
Quoting Opemipo
{quote} Pls study it very well. There are 1001 ways to use it. When my live acc crosses 1000%, I ll give my thread follower a special gift. Phemmy
Thanks Phemmy. It's only been the first day but both signals closed in profit. The second one I opened closed during the US session. It actually had a lot more potential, but I didn't want to be greedy as the Asian session already gave me a nice profit.

The higher time frames also changed quickly, which was unexpected. It also seems to match the sate of the corresponding time frame candle.

I did have a question though. When the pairs are in deep sell or buy, do we have to be cautious that it's oversold/overbought or do we take it as a strong signal and trade with the trend. The current state of C5 seems to be heavily short on the Monthly. I guess that's why we trade quickly after the signal is created rather than when the signal is old and we are deep into the trade.
insanity: Doing the same thing over... and expecting different results -AE
  • #1,259
  • Jan 24, 2016 3:17pm Jan 24, 2016 3:17pm
Hi Phemmy,

My first trade for the week on a buy signal. Let's see what happens.

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insanity: Doing the same thing over... and expecting different results -AE
  • #1,260
  • Jan 24, 2016 4:00pm Jan 24, 2016 4:00pm
Quoting qFish
Hi Phemmy, My first trade for the week on a buy signal. Let's see what happens. {image}
Well, I must have had to wait for it to settle. New signal given. All Red, so closed all buys at small loss and re-entry C5 Sell. Looks ideal:
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insanity: Doing the same thing over... and expecting different results -AE
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