Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
I know that you use other analyses (cycles etc) to effect your trades and does not follow the system blindly (I am studying for this also).
Can you say how use MM in your real trades and your strategies for TP (works more than with a lot? How many?)
In case that you does not desire to answer, I will understand.
Thanks...
Angelo
Hi Pilofe,
Yes,i use cycle analysis and thus don`t follow blindly my own system since I try to optimize on it,though most of the time I end up having the same results..
What I always do is never going against the system,so,if in a downtrend i look either for system sell opportunities or for cyclic selling opportunities
MM no problem,i use a leverage from 5 to 1 to 10 to 1 of my account,and my stop is always the chandelier stops based on volatility AT THE 1H BAR CLOSE,my experience tells me that this is equivalent to running a 30/35 pips stop in level of risk..ON AVERAGE
LOTS i use several lots,and i try to scale into positions in 2 legs maximum,usually but not always
EXAMPLE:Suppose you have 100k EUR in account andwant to sell EURJPY yesterday as per simbasystem signal..so 5 or 10 to 1 leverage means you are going to sell 500k or 1mm EUR ,lets presume 1mm..equivalent to 10 lots,and you split it into 2 legs,so you sell 5 lots at the first signal(check the pics of my previous post)signal and look to sell 5 more at the second signal..then you are set and the Chandelier stops manage your trade
TP:I use several strategies too discretional for my taste,my research tells me that it is better to go for a ride,when i finish it i will post
Please check the attached pic..as I mentioned 2 or 3 posts ago,cable is in an undefined situation satl still blue,but chandelier signalling a downtrend..with continuous switching up and down in the position of the Chandelier...
In addition i have posted 2 "valid discretional" signals..
1-VALID DISCRETIONAL SIGNAL:According to your TP strategy it could have yielde 20 pips(highly improbable),it was stopped after about 35 to 40 minutes with a loss (more probable) of -20 pips..se below for the meaning of discretional..
2-VALID DISCRETIONAL SIGNAL:According to the research done by Malcik,below blue satl is unprofitable in the long term,this research is actually being tested extensively,though not conclusive,looks like a good idea pending final test results..anyway,in this particular case the signal yielded from 30 to 40 pips and was in the positive for hours..
As of this moment cable is in a "almost"downtrend ,pending the change of satl from blue to red,which looks set up to happen in this 4h bar..so,nothing to do ,for the moment in it
Yes,i use cycle analysis and thus don`t follow blindly my own system since I try to optimize on it,though most of the time I end up having the same results..
What I always do is never going against the system,so,if in a downtrend i look either for system sell opportunities or for cyclic selling opportunities
MM no problem,i use a leverage from 5 to 1 to 10 to 1 of my account,and my stop is always the chandelier stops based on volatility AT THE 1H BAR CLOSE,my experience tells me that this is equivalent to running a 30/35 pips stop in level of risk..ON AVERAGE
LOTS i use several lots,and i try to scale into positions in 2 legs maximum,usually but not always
EXAMPLE:Suppose you have 100k EUR in account andwant to sell EURJPY yesterday as per simbasystem signal..so 5 or 10 to 1 leverage means you are going to sell 500k or 1mm EUR ,lets presume 1mm..equivalent to 10 lots,and you split it into 2 legs,so you sell 5 lots at the first signal(check the pics of my previous post)signal and look to sell 5 more at the second signal..then you are set and the Chandelier stops manage your trade
TP:I use several strategies too discretional for my taste,my research tells me that it is better to go for a ride,when i finish it i will post
go to bad yesterday very hungry on my self not follow simba rule, and get in on not valid signal and stop out 20 pips , wait to another signal get in and got to bad , this mornning wake and i make 85 pips.
Can We use the system in other pairs with “confidence”?
I thought that we could only use in the GBP/USD.
Thanks...
Angelo
Hi Angelo,
Yes,you can use on the majors,the most confidence is in cable,then usdchf,usdjpy,eurjpy,eurusd in that order,though for these 3 latest i would say that it is better if you require some kind of confirmation..for exmple:
When you see the same move developing for all correlatedpairs,ie:upsignal for cable and eurusd,down signal for usdchf..you can trade with confidence..if you see strange uncorrelated behaviours,better to pass
,pending the change of satl from blue to red,which looks set up to happen in this 4h bar..so,nothing to do ,for the moment in it
Linear Mode
