Go Back   BabyPips.com Forex Forum > "The Holy Grails" > Free Forex Trading Systems
Free Forex Trading Systems Got the "Holy Grail" system? Want to share it for free and become everyone's hero? This is the place to do it. (No advertisers please!) Also, follow along as our very own Pip Surfer posts daily updates from his Cowabunga System in the Pip My System Forex Blog.

Welcome to the BabyPips.com forum!

You are currently viewing our boards as a guest which allows you to view the discussions, but prevents you from contributing. By joining our FREE community you will be able to do all of the following:

  • Post topics & responses to other discussions
  • Communicate privately with other members (PM)
  • Respond to polls
  • Upload content
  • Post comments on our blogs
  • Contribute on our Forexpedia

Registration is fast, simple and absolutely free so please, join our community today!

If you have any problems with the registration process or your account login, please contact us.



Reply
 
LinkBack Thread Tools Display Modes
  #1641 (permalink)  
Old 11-03-2007, 01:35 PM
Master Contributor and Member
 

Join Date: Sep 2007
Posts: 390
Default

Hello Dale,

Glad u till can check things with your mobile phone.I reading what every one is posting but at the moment i have a hard time with some of the jobs i am having right now so i am not concentrating like before soon will join u guys

Akram
Reply With Quote
  #1642 (permalink)  
Old 11-03-2007, 06:33 PM
Junior Member
 

Join Date: May 2007
Location: Dallas, Texas
Posts: 55
Send a message via Yahoo to dr_zeus
Default

Well I am finally taking the plunge and putting real money in the market - a big $100. If I can manage a tiny account like that on Oanda where I can use sensible money management, then I will add more funds in time.

For the curious, the huge 60% return in the TRY carry account is a paltry 5% now. Instead of placing stops or manually exiting trades, I wanted to see how far it the currency would retrace. Some analysts think the USD/TRY will end up at 1.3 in the next few months so I want to see the effect that will have on my account.

Curiously, at one point my Margin Used exceed my NAV! It's now righted itself and I'm making over $10 /day in interest on a $1000 opening balance, but I'm not sure why I didn't a trade automatically closed. Even now I have no Margin Available.

I still think the USD/TRY and EUR/TRY pairs will form a part of my overall trading strategy due to the high interest and volatility, but I will have to manage them better and take profits when the opportunity arise (I would never let 60% profits slip away in real money!!)
Reply With Quote
  #1643 (permalink)  
Old 11-04-2007, 02:18 AM
Bocajunior's Avatar
Senior Member
 

Join Date: Aug 2007
Location: Kuala Lumpur, Malaysia
Posts: 223
Default

Hello Guys,

I'm sorry i haven't been able to post for a while as I've been away working with only limited internet access but I'll be home tonight so will try to catch up with what has been happening in the thread.

Good to see contributions from everyone and I am not planning on deserting any time soon.

Dale, how are you holding up? Are you just on the indicies now?

Although I have been away I did manage to get on some positions using PSAR and MACD combined on the daily charts and I still feel the system is working. I will post my positions as soon as I get back. Ok, it hasn't been the best couple of weeks but I feel with proper money management the system can generate profits.

So I need to catch up on what you guys discussed regarding EMA's etc as I'm about 3 weeks behind.

A good weekend to all.

Best Regards
Scott

Last edited by Bocajunior; 11-05-2007 at 06:31 AM.
Reply With Quote
  #1644 (permalink)  
Old 11-04-2007, 07:15 AM
Newbie
 

Join Date: Aug 2007
Posts: 20
Smile Parabolic Sar System

Hi guys, i have a question about this system.

For a H4 timeframe, what StopLoss, TakeProfit and Lots do you recommend me?

Thanks!
Reply With Quote
  #1645 (permalink)  
Old 11-04-2007, 07:16 AM
Newbie
 

Join Date: Aug 2007
Posts: 20
Smile Parabolic Sar System

Hi guys, i have a question about this system:

For a H4 timeframe, what StopLoss, TakeProfit and Lots i have to use?

Thanks!
Reply With Quote
  #1646 (permalink)  
Old 11-04-2007, 10:01 AM
Bocajunior's Avatar
Senior Member
 

Join Date: Aug 2007
Location: Kuala Lumpur, Malaysia
Posts: 223
Default

Quote:
Originally Posted by john_tse View Post
Hi guys, i have a question about this system:

For a H4 timeframe, what StopLoss, TakeProfit and Lots i have to use?

Thanks!
John,

I've not been using H4 timeframe but the SL on the system is at the value of the current PSAR dot.

Rgds
Reply With Quote
  #1647 (permalink)  
Old 11-04-2007, 10:57 AM
Bocajunior's Avatar
Senior Member
 

Join Date: Aug 2007
Location: Kuala Lumpur, Malaysia
Posts: 223
Default

The latest on my positions.

Now, I have not had sufficent time to attend to trading over the last month but this is the story so far since the end of Sept.

I have still to catchup with the thread but I have been taking all these positions based on PSAR and MACD lines crossing, daily timeframe only.

I have been on quite a losing run with 8 losses in a row but all current open positions are sitting in profit.

Overall I am 4500 USD up since I started which is aabout 18% up on a 25,000 USd initial balance, Demo account only, but I'm doing my best to keep it real. I am very close to going live.

I feel it is important to tune the lot sizes so that the maximum risk per trade is within your trading limits. I've been selecting 1% to 1.5% per trade. Trades entered with a large distance to the PSAR dot (SL position) will require smaller lot sizes to accommodate this.


Open Positions
USD/CHF Short
USD/CNY Short
EUR/AUD short
EUR/USD Long
AUD/JPY Long
AUD/USD Long
NZD/USD Long
EUR/SEK Long
GBP/JPY Long

EUR/AUD is currently at a loss. All others in profit.


Closed Positions
GBP/USD. Closed manually for a loss after Fed rate cut. -50 pips
USD/CAD Short. Stop Loss on reduced time frame for +350 pips
XAG/USD Long. Stop Loss on reduced time frame for +5000 pips
AUD/JPY Long. Stop Loss on reduced time frame for +180 pips
AUD/NZD Short. Stop Loss on reduced time frame for +100 pips
NZD/USD Long. Stop Loss on reduced time frame for +190 pips
XAG/USD Long. Stop Loss on daily PSAR. -5000 pips
NZD/USD Long. Stop Loss on reduced time frame for +50 pips
GBP/USD Long. Stop Loss on reduced time frame for +100
AUD/JPY Long Stop Loss on reduced timeframe for +650
EUR/AUD Short stop loss on reduced timeframe for +600 pips
EUR/JPY Long Stop loss on reduced timeframe for +700 pips
EUR/CHF Long Stopl loss on reduced timeframe for +150 pips
EUR/GBP Short Stop Loss for +50 pips
GBP/CHF Long Stop loss on reduced timeframe for +50 pips
EUR/USD Short Stop loss on PSAR for -100 pips
GBP/CHF Long. Stop Loss for -75 pips
AUD/USD Short. Stop Loss for -120 pips
EUR/AUD Long. Stop Loss for -270 pips
AUD/JPY Short. Stop Loss for -70 pips
NZD/USD Short. Stop Loss for -160 pips
EUR/CHF Short. Stop Loss for -40 pips
CAD/JPY Short. Stop Loss for -20 pips


Regards
Scott

Last edited by Bocajunior; 11-04-2007 at 10:30 PM.
Reply With Quote
  #1648 (permalink)  
Old 11-05-2007, 03:11 PM
Junior Member
 

Join Date: May 2007
Location: Dallas, Texas
Posts: 55
Send a message via Yahoo to dr_zeus
Default

Boca -

Can you explain what happened on the XAG/USD trades? 5000 up then 5000 down? That doesn't seem right. Also, 18% return over how long? about 2 months, right?
Reply With Quote
  #1649 (permalink)  
Old 11-05-2007, 07:55 PM
Bocajunior's Avatar
Senior Member
 

Join Date: Aug 2007
Location: Kuala Lumpur, Malaysia
Posts: 223
Default

Quote:
Originally Posted by dr_zeus View Post
Boca -

Can you explain what happened on the XAG/USD trades? 5000 up then 5000 down? That doesn't seem right. Also, 18% return over how long? about 2 months, right?
Dr,

The XAG/USD trades of 5000 pips are correct. If you notice the price of silver over the last couple of months it has moved a hell of a lot. But factored into this 5000 pips is the actual price of 1 pip which, would have to be tuned by using a lot size that wouldn't put the account at risk if the SL was triggered for a loss.

What I am doing on all trades is looking at the position of the SAR dot in relation to the price. The difference is the exposure or risk in the trade and I then choose a lot size that only risks 1 to 1.5% of the account balance if that SAR dot were to be hit.

The 18% or 4500 USD profit on a 25000 USD initial balance is over a two month period. Most of the profit was made during the first month and the month just gone has just about broken even.

Rgds
Boca
Reply With Quote
  #1650 (permalink)  
Old 11-06-2007, 10:28 AM
Bocajunior's Avatar
Senior Member
 

Join Date: Aug 2007
Location: Kuala Lumpur, Malaysia
Posts: 223
Default

Good evening,

A bit quiet on the Forum just now. Everybody ok?

Some new positions opened yesterday afternoon.

Open Positions
USD/CHF Short
USD/CNY Short
EUR/AUD short
EUR/USD Long
AUD/JPY Long
AUD/USD Long
NZD/USD Long
EUR/SEK Long
GBP/JPY Long
EUR/JPY Long
CHF/JPY Long
CAD/JPY Long

EUR/AUD is currently at a loss. All others in profit.


Closed Positions
GBP/USD. Closed manually for a loss after Fed rate cut. -50 pips
USD/CAD Short. Stop Loss on reduced time frame for +350 pips
XAG/USD Long. Stop Loss on reduced time frame for +5000 pips
AUD/JPY Long. Stop Loss on reduced time frame for +180 pips
AUD/NZD Short. Stop Loss on reduced time frame for +100 pips
NZD/USD Long. Stop Loss on reduced time frame for +190 pips
XAG/USD Long. Stop Loss on daily PSAR. -5000 pips
NZD/USD Long. Stop Loss on reduced time frame for +50 pips
GBP/USD Long. Stop Loss on reduced time frame for +100
AUD/JPY Long Stop Loss on reduced timeframe for +650
EUR/AUD Short stop loss on reduced timeframe for +600 pips
EUR/JPY Long Stop loss on reduced timeframe for +700 pips
EUR/CHF Long Stopl loss on reduced timeframe for +150 pips
EUR/GBP Short Stop Loss for +50 pips
GBP/CHF Long Stop loss on reduced timeframe for +50 pips
EUR/USD Short Stop loss on PSAR for -100 pips
GBP/CHF Long. Stop Loss for -75 pips
AUD/USD Short. Stop Loss for -120 pips
EUR/AUD Long. Stop Loss for -270 pips
AUD/JPY Short. Stop Loss for -70 pips
NZD/USD Short. Stop Loss for -160 pips
EUR/CHF Short. Stop Loss for -40 pips
CAD/JPY Short. Stop Loss for -20 pips


Regards
Scott

Last edited by Bocajunior; 11-07-2007 at 10:25 PM.
Reply With Quote
Reply



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump


All times are GMT -4. The time now is 08:29 AM.
Content Relevant URLs by vBSEO 3.2.0
"He who devotes sixteen hours a day to hard study may become at sixty as wise as he thought himself at twenty."
Mary Wilson Little