Forex Trading Method (FTM) - Page 4

View Poll Results: what type of strategy is this

Voters
51. You may not vote on this poll
  • swing strategy

    26 50.98%
  • trend strategy

    15 29.41%
  • Range strategy

    2 3.92%
  • do not know

    8 15.69%
Page 4 of 8 FirstFirst ... 2 3 4 5 6 ... LastLast
Results 31 to 40 of 72
  1. #31
    Join Date
    Dec 2006
    Location
    Pakistan
    Posts
    55
    thanks generalz for comments. this is totally my original work and it is profitable. i desighned it to profit from range and trend from any currency pair by combining indicators and by getting into three trades and money management. I use FXCM trading station and metatrader charts. I dont have any idea about oanda because i never used that. sorry for that. anybody using oanda may come for help soon whenever he reads this
    thanks and please give your analysis and observation to improve rules for this strategy

  2. #32
    Join Date
    Dec 2006
    Location
    Pakistan
    Posts
    55
    Quote Originally Posted by shandy View Post
    Looks to be a very interesting strategy. Only just come across this thread so can't comment more at this stage, but will be keeping up with the goings on a hopefully contributing more as time goes on!!

    Good luck!!
    Shandy looking for your valueable contributions

  3. #33
    Join Date
    Dec 2006
    Location
    Pakistan
    Posts
    55
    Quote Originally Posted by lowiq View Post
    Trade opened at .6699 long, nice break of trend and cross of MCD.
    hello LOWIQ are u still holding your trade or exited your position in eurgbp as MACD trend has yet not changed and may go further long. please tell about latest situation. if you exited your trade what were the reasons.
    Last edited by hello1234; 12-21-2006 at 09:14 AM. Reason: text mistakes

  4. #34
    Join Date
    Dec 2006
    Posts
    223
    It looks to me as if GBPUSD has signalled a downward trend now at around 1.9590?

  5. #35
    Join Date
    Dec 2006
    Location
    Pakistan
    Posts
    55
    less interest by traders.
    ok those who dont want to trade first signal of the trade can do so and can only trade 2nd and 3rd signal

    fix target for 2nd signal as per currency pair
    and 3rd signal to be of system exit

    remove trend and MACD indicators from chart and add stoch 39,2,2 simple low/high with level 50 only.
    this would remove lot of uncertainties from trade as first signal i think most traders are getting difficult to pull on

    see the attached chart (NZDUSD)
    Attached Images Attached Images  

  6. #36
    Join Date
    Dec 2006
    Location
    Pakistan
    Posts
    55
    this is the best strategy for those who want to trade trend or range by what so ever way they like but traders are not giving their comments about it. i am unable to understand that either they dont have time to comment or they did not like this strategy. At one point i thought closing of this thread but now i feel that everyone reading will give comments what so ever thay may be. so far about 2000 views and opnly few replies. you can see one example as attached chart. It is just a matter of sitting tight.
    Attached Images Attached Images  

  7. #37
    Join Date
    Dec 2006
    Posts
    440
    hi,

    about your system, looks great for a trending market, and looks like plenty of profit can be made judging by the backtesting.

    But looking at choppy markets it does look like there will be a lot of losses in a row, is there anything built into your system to avoid this?

    thanks

    N

  8. #38
    Join Date
    Dec 2006
    Location
    Pakistan
    Posts
    55
    Quote Originally Posted by n_aftab View Post
    hi,

    about your system, looks great for a trending market, and looks like plenty of profit can be made judging by the backtesting.

    But looking at choppy markets it does look like there will be a lot of losses in a row, is there anything built into your system to avoid this?

    thanks

    N
    you can add RSI 14 and can read the attached file in details if you want to trade in more details and everything that appers
    Attached Images Attached Images

  9. #39
    Join Date
    Dec 2006
    Posts
    6
    I'm still lurking....have been adapting this system for me..WARNING..I am a newbie and sometimes do not completely understand indicators...so if I don't make sense, Oh well..

    this is what I am testing..the holidays are not good playing for real. Up 400 pips this week..gbp/us-gbp/jyp-eur/jyp

    Enter:
    All 4 must cross about the same time: I draw line to verify..
    Cross... 5+10
    RSI 14... Cross 50 line
    Stoch 39,2,2 Cross
    CCI 14: Helps read early trend direction
    Exit if cross O


    Exit

    CCI or any indicator crosses 0 or 50 line for sure...earlier if you wish?

    I Like CCI..it is a bit of a leading indicator and can give you some hint to where the we are going..

  10. #40
    Join Date
    Dec 2006
    Location
    Pakistan
    Posts
    55
    i am failing to understand that where confusion lies in this system. please do use and add as many indicators as you can but do not change the basics of this system. At one stage of learning i have also been using 10 indicators and now only prefer these few and trusted one. There is no holy grail and losses are the part of this complicated game, so trade freely and control your losses and let your profits run. divesify your trades and do not put more than 1 % of your capital in any trade, however you can have more number of trades but diversify them into different currency pairs. All you positions those open should not acceed total tolerable loss of your account(5% in my case). That is very simple science/art and one more thing and that is very very important that do not involve yourself into complex analysis/jigsaw puzzles and only thing that you can do is to control your risk and trust your system. How simple it is. try it and you will feel it that you are winning the war

Forum Sponsors

Similar Threads

  1. Forex trading as a career?
    By geline in forum Forextown
    Replies: 96
    Last Post: 06-13-2016, 01:07 AM
  2. How do taxes work for forex trading?
    By OoogleeMooglee in forum Forextown
    Replies: 21
    Last Post: 07-25-2015, 12:35 PM
  3. Forex Trading Signal Companies
    By scubamaz in forum Free Forex Trading Systems
    Replies: 52
    Last Post: 11-25-2013, 08:42 AM
  4. Learning Curve for Forex Trading
    By WipThemPips in forum Newbie Island
    Replies: 14
    Last Post: 11-07-2013, 06:39 AM
  5. babypips trading method
    By gaminig in forum Newbie Island
    Replies: 4
    Last Post: 01-18-2007, 08:58 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
"The man who never makes a mistake always takes orders from one who does."
Daisy Bates