When trading: "Empty your mind, be formless. Shapeless, like water."
- #123
- Feb 13, 2016 2:51am Feb 13, 2016 2:51am
When trading: "Empty your mind, be formless. Shapeless, like water."
- #125
- Feb 13, 2016 4:51am Feb 13, 2016 4:51am
The baseic idea is to:
a) never risk more than 3% of your portfolio per pair
b) scale in to that 3%. Never take a 3% position right from the start
Don't forget, we are using 100 pip SL's on a H1 chart, this gives us plenty of room to survive volatile markets.
Below is a nice exaple of how a signal was triggered twice, once on Jan 20th, two sell arrows and again on Jan 21st (red and blue sell arrows). On the 25th traders "could've exited but only the TDI crossed 32, the TDI signal remained above. Then, on the 26th, two more sell signs were triggered. The "true" buy sign wass on the 27th.
Total profit there was about 420-450 pips on 6 trades. Your total SL was 6 times 100 pips (each set at 0.5% of portfolio)
Any other questions?
Thank you again!!!!
***EDIT*** That second yellow arrow shpould be shifted two candles to the right. My bad
a) never risk more than 3% of your portfolio per pair
b) scale in to that 3%. Never take a 3% position right from the start
Don't forget, we are using 100 pip SL's on a H1 chart, this gives us plenty of room to survive volatile markets.
Below is a nice exaple of how a signal was triggered twice, once on Jan 20th, two sell arrows and again on Jan 21st (red and blue sell arrows). On the 25th traders "could've exited but only the TDI crossed 32, the TDI signal remained above. Then, on the 26th, two more sell signs were triggered. The "true" buy sign wass on the 27th.
Total profit there was about 420-450 pips on 6 trades. Your total SL was 6 times 100 pips (each set at 0.5% of portfolio)
Any other questions?
Thank you again!!!!
***EDIT*** That second yellow arrow shpould be shifted two candles to the right. My bad
When trading: "Empty your mind, be formless. Shapeless, like water."
- #128
- Feb 13, 2016 5:30am Feb 13, 2016 5:30am
Ok, I think I begin to get your idea. Again one example for my understanding: The EA should open one short position after Canlde close when TDI (Main, not signal) is over 68 and CCI is over 120 right? I usually wait for both TDI's to cross. We coudl play around with this. So lets say first 1 lot (0,5% of Balance with 100 SL). Than cci indicator crosses the 120 level downwards, second trade right? Agian with 100 SL. No, the 120 CCI is your fist signal (as long as the CCI is abocve zero, we are waiting to take another position). We only take another...
I still dont understand when to take the first and when to take the second trade ....
sorry.I try to ask to understand: You trade only when CCI is above 120 AND TDI is above 68 right? So when CCI is above 120 but TDI is at 50, you dont trade right? After bove Indicators gave the trigger sell, you sell two times at the same time? so 2 trades were triggered? If yes why 2 trades? Why not only one
Sorry for misunderstanding
- #129
- Feb 13, 2016 5:43am Feb 13, 2016 5:43am
{quote} My friend, I still dont understand when to take the first and when to take the second trade ....
CCI is trigger one
TDI is trigger two
CCIis almost always going to trigger first and is only there in order to assure that the trend was strong (hopefully alo die off quickly). As soon as the CCI crosses, you wait for the TDI. The CCI might cross below 120, that doesn't really matter. As long as it was hit shortly before (lets say three candles before the TDI is signaled).
The reason why you end up taking two trades is when the TDI flatlines above 68 and TDI dips and rises. Sure you could take two positions (or 1%) but by taking slow steps you'll be bale to scale in with less risk.
When trading: "Empty your mind, be formless. Shapeless, like water."
