Simple Daily System

[Pips4Breakfast]

Originally Posted by tymen1

Here is something you may be interested in.

See attachments.

The is a programming code at the end of it.

Blarg....this isn't an easy "just-drop-into-MetaEditor" code, is it? Man I wish I had switched majors to CS.

[PIP CHASER]

Looked over my open positions this morning and noticed I had 1 full lot on a pair. This would explain some of the heavy dd. Dang rookie mistake.

[Pips4Breakfast]

Originally Posted by PIP CHASER

Looked over my open positions this morning and noticed I had 1 full lot on a pair. This would explain some of the heavy dd. Dang rookie mistake.

Awww. Well at least you didn't do what I did.....

[bkr1969]

Originally Posted by Pips4Breakfast

Blarg....this isn't an easy "just-drop-into-MetaEditor" code, is it? Man I wish I had switched majors to CS.

I haven't read the article in detail yet, but it looks very interesting. The code looks pretty easy to convert to MQL4. I will have a look and see what I can come up with.

[Pips4Breakfast]

Originally Posted by bkr1969

I haven't read the article in detail yet, but it looks very interesting. The code looks pretty easy to convert to MQL4. I will have a look and see what I can come up with.

Ok, good, because the last programming I ever did was in Basic. Lol.

[SpamJavelin]

Hey Pip Chaser,

Been demoing your strategy, was all good for the first coupla days but last two days has basically wiped my demo account.

How has it been goin for you?? The same story or am i doing something wrong??

[bkr1969]

Yesterday produced no signals (Pip said he did find one pair) and today was even worse, so you shouldn't have blown an account since you shouldn't have been trading. Keep an eye on the charts and trade what you see as well as what the system says. Most pairs had obviously started a retrace after Friday's big down spike, so even though the signals showed sell, you should've been wary.

[bobbobson]

Is anyone still trading this system? Got 3 signals yesterday, 2 in profit 1 not so much,,,

[cvamike]

Thanks for the system. I like keeping it simple to. As far as trending markets go, I use the De Mark trend line indicator to help see the break outs.

[bkr1969]

I'm still toying with it after a week or so off. The market has been pretty flat for the most part and this works best in a ranging market. I was able to get a nice gain off of 7 pairs last night, but it didn't hit TP, then everything retraced overnight, came back to small profit early this morning, now bouncing again to negative. If you throw some Bolinger bands on the daily charts, you'll see how they're starting to pinch together. The ADR has been much smaller lately as well. Even just these 2 factors point to an upcoming breakout in one direction or other. Keep your eyes open and you'll be in for some major pips.