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
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!!
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
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
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.
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