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No filter mate - money management: count your losses on demo, and see what targets you need to cover them and make profit, then see if the market can give you on average what you need.
Another thing is to try and get into a bigger trend with a smaller tf, like someone suggested above
Also, stick to it for half a year the way Bear trades it, and you too will get there. Unfortunately that is the most difficult part and many of you wont succeed in it and will continue to try and filter bad signals of good methods rather than simply sticking to the original sound plan - I KNOW cause I've BEEN there, DONE that and LOST the Tshirt
Other option is try to scalp on lower TF. I´ve made a few changes on EA for this cos on long TF i´m getting spanked so i decided to give some punches back.
Other option is try to scalp on lower TF. I´ve made a few changes on EA for this cos on long TF i´m getting spanked so i decided to give some punches back
Well, I just started going to the lower TF's to trade, with a lot of success. Got all my earlier losses back and then some, of earlier this week. I check the Daily, 4hr, 30M, for trend and then just trade in that direction [while there is a strong trend like today], but I trade from the 1M/5M/15M time frames. It is working for me today. IMO
Quote:
Originally Posted by Guyver
this is good idea and similar things i am currently doing too , trading with trend , also discussing this would become a new system and should have it's own thread so we don't break bear's original system and thread.
Quote:
Originally Posted by yan7181
nice one nix. We need to put in idea to improve this system. Maybe it will become complicated and is conflict with KISS idea, but lets hope contribution from everyone to make a profitable system. Basically,what i am doing is to find the bigger trend, lets say gbp/usd is going down on bigger outlook, so i will look into 1H tf to find the selling signal to enter, vice versa. What do you think guys?
Men,you reached the right conclusion,you still suffer some repaints,but,they are minimum when you trade in the trend direction..see pic,you can use short term RSI or any ZZ indicator,the results are similar
If any of you want to open a new thread,as suggested by Guyver,I would be glad to contribute
Hi Bigbear thanks for an awesome system. I came accross this thread earlier in the week and could not wait for today as I had a day off work and wanted to try your system. Although I didn't actually trade I have spent most of thge day looking at the charts. The results were amazing.
look at yen, it has been years i have seen such big movement, felt like old days. I need to adjust again, foresee another 2-3 weeks.
Yeah you're right especially on G/J pair about 100pips in 15second..very profitable if we are using the zigzag system because it make the big wave in the short time..
Last edited by onetarmizi; 08-17-2007 at 09:07 PM.