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I am using stochastic confirmation as the following:
- stoch level is below 25 (or 30) is for buy confirmation; - stoch is above 75 (or 70) is for sell confirmation. And it is also depends on which stoch indicator you are using. Standard stoch indicator is noisy something ... so I am using mladen's Stochastic of a stochastic (double stochastic and regular stochastic). If you are elite member so you can download it from this post. Same settings (14;5;5). Because it was below 25 for D.Stoch. If you are not elite member so you can use any double stochastic from this thread Stochastic Oscillator (it was posted many double stochastics somewhere in the end of the thread). Besides, I am always switching between templates. For example: bt_m30_eurusd_1607_2.jpg bt_m30_eurusd_1607_3.jpg |
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Because there are 2 kinds of trading styles using this BT system:
- trading inside daily channel - trading on breakout of daily channel. dailychannel_1607_1.jpg As my deposit is small one so I am trading inside this channel between one dotted line and the other one. And red dotted line is exit from sell for me and blue dotten line is exit from buy (one of exit possibilities as we are having many exit rules so it is just one of them - if the price is near or aroud dotted line). People will more big deposit size may trade the breakout of this dotted lines. |
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Just look at those images:
bt_m30_cadjpy_1607_2.jpg bt_m30_cadjpy_1607_3.jpg I did not open this sell because this sell signal is near my exit from sell (near sell dotted line). Because trading breakout is always more risky than trade the trend. But the people who are trading breakout had good possiblity to open sell. |
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Because in my example with open trades (posted today one page back) so I closed CADJPY with +20 pips in profit.
bt_m30_cadjpy_1607_4.jpg But the people (who are trading breakout) should not close it so early and will continue with this order. It depends on deposit size, personal trading risk understanding and trading style. |
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I selected very conservative settings for myself and I am always trying to find some reason about not to trade. Especially very volatile pairs.
We may play with BrainTrend second all-in-one indicator using spread as true for example ... Anyway, trading the breakout is always more risky and difficult than to trade simple trend inside the channel. |
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Quote:
In the image you posted the top half has a lot of account info on it . Is there a indi for this or is this done by hand? If there is an indi for it, could you please point me in the right direction . Thanks in advance
__________________
http://westauckfx.oxyrack.com/ |
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It is 2 tools:
- AccountEquityAnalyzer indicator coded by project1972 for elite section (project1972 is the author of Alpha EA and Electra EA - elite section); - and information about margin - Margin Level Monitor EA (MaxMargin3 EA) coded by azmel for elite section. I am not promoting this tools as it is in elite section sorry. Elite members may download it (mq4 source codes) using links thread. For not-elite members - you may use this thread Additional account (orders) information Indicators (some different tools but may be usefull as well). Last edited by newdigital; 07-26-2008 at 09:45 AM. |
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Just the trades for today:
bt7_m30_1707_todaytrades.jpg I closed all the trades before the news. Besides, I did not have the time to move the stop sometimes so that is why I got one loss for GBPUSD with -61 pips (it is difficult to trade and to moderate the forum in the same time sorry). The results for today: +162 pips - 61 pips = +101 pips. |
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