Yikes …That sounds painful 
Mr Lee,
Thanks for the info.
Cheers
Novice
PS I have sent a PM to you, can you pls respond on that.
Just technical newbie question for oanda user:
How you implement buying 2 - 3 Lot at oanda ?
I buy 30000 unit but i can’t sell only 15000.
If i Buy 15000 twice, the entry was quite different.
Thanks in advance,
I enter a new short position for 15000 units. Rather than opening a new position Oanda reduces the Long position by that many units.
Personally, I use the one click trade buttons to do this.
Errissa,
Thanks for the info.
Regards,
I came across this thread a few weeks ago and I’ve since read the eBook and this entire thread. Maurizio, thank you for sharing your system with everyone. I’ve been playing with it for the past couple of weeks and it certainly seems to give good trade signals (low false alarm rate). Profiting from the system is a different story and, as with many things forex, the devil is in the details. So I’m curious to hear from those of you trading the system about…
Closing losing trades. At what point do you decide that a trade is going against you and close it out? Just wait for your SL to trigger? Look for certain indicators?
Closing winning trades. The system provides some targets (the Bollinger bands) but I’m finding that there are plenty of situation where a position started on one timeframe hits the upper BB and there’s cross-ish thing but not a ‘true cross’ on the next chart. Do you close out anyway and keep going? If you keep going when do you decide to get out? Also, trades turn before reaching the profit target. Again, how do you decide when to close out?
Regarding the “Assertive” style of trading… I don’t understand why you would enter two new positions at the upper BB rather than just keeping the last lot open. At that point you’ve taken profit on 2 lots and you can’t lose on the third lot (because you moved the SL to the trade entry) but you’ve just entered two new positions at a less favorable entry point (relative to the original trade). If it turns against you at this point the losses on the two new lots would most likely wipe out any profits. I’ve only seen a few opportunities in the past 2 weeks for timeshares to go more than one or two charts up. So far, to me, the “assertive” style looks unnecessarily risky. Maybe timeshares are more common than I think and I’m just missing them.
What kind of drawdown have people experienced with this system? Based on my own trading and looking at the past couple of weeks of charts (I’m only trading EUR/USD and GBP/JPY) it looks like every day [I]should[/I] have been a profitable day. But surely there are extended periods of losses as well. At this point I’m convinced that the system can be profitable but I want to hear about people’s experiences with extended losses with the system.
As I said, I’ve been trading this system for the past two weeks. I’ve been trading two lots and always moving the SL to the break even point when I take profit. I’m not trading the ‘conservative’ style per se, since I’ll let the remaining lot keep going if I see a time share forming. I never take more than 40 pips so I’ve missed out on as many as 100 more on some trades. For now, though, I’m just trying to gain comfort with the system. Nonetheless, I’ve managed to eke out just under 100 pips of profit with a win-loss ratio of 3:1, 1 negative day, 2 even days and 7 up days. Most of my losing trades were in trades against a trend.
Talking about detail, i also curious.
If your moving from 5 Minute to 15 Minute.
Where is the stop lost for 15 Minute timeshare ?
The Low of 15 Minute chart or the entry of 5 Minute Chart (Since we move the 5 minute chart to entry).
Hi Errissa, firstly, you’re welcome 
I watch my Stochs and the CCI. What i’m looking for are the stochs to slow/begin reversing and the CCI to cut back before reaching the +/- 100 mark. Sometimes these can signal a reversal, if i feel that’s the case i get out then and there.
OK, the B/Bands are your primary target. If there’s a valid cross then follow it. If it is simply a cross of the EMA’s with nothing suggesting a valid set-up, exit the trade. Again as for trades turning before reaching target, watch your stochs and your CCI as said above.
We enter 2 new positions because we have seen a concrete signal that we would’ve entered had we only just caught it. So we trade it the same way as such. You’re not wrong in saying this can be risky but when it works the returns can be incredible. If you would rather stay with the exsisting open lot then go for it. There is also another option these days that we didnt have when i originally came up this, in that Oanda now does trailing stops. You could close the 2 lots then let the last one run with a trail…
As for Timeshares, these happen pretty regularly, i would be surprised if i didn’t see 3 a week. . . Though not normally on the same pair, G/Y can be an exception though.
My maximum drawdown in the last month was 4.41%
This system IS profitable, i wouldn’t still be here if it wasn’t.
Ok, firstly well done. 3:1 is the average for this sytem (As stated on P9 of the Ebook) An average of almost 50pips positive a week is a very good start.
Perhaps there is something else you may want to try regarding take profit…?Next time you’ve closed your first lot and moved your stop, be brave and stay in the trade until A) You get stopped at B/E or B) You see the CCI ‘peak’ this is to say, have caused a peak and is now coming down (if you’re long) going up (if you’re short). This is basically the exact opposite criteria of our entry.
We’ll call it ‘The Errissa Experiment’
Try it for 3 days. Let me know your results. 
Pic attached.
Hi Gaia,
Depends what strategy you’re using.
Conservative;
Assertive; You keep your stop where you adjusted it on the 5M until target 2 of the 15 min has been hit, then you move it to target 1 (On the 15m)
The idea is to trade higher Timeframes using lower timeframe (and closer) stops.
Thanks for the response. I appreciate your feedback.
An ‘Errissa Experiment?’ OK. I’ll do that! Actually, I’m going to try something a little different that I worked out while trying to come up with away to capture those big price moves without opening new positions. Tell me what you think…
Open 3 lots on the cross. Close one at central BB, close second one at upper BB then move SL to entry. Let the last lot go until something suggests otherwise. Notice, that I’m NOT requiring a timeshare to form on the next time frame in order to keep this third lot open. I’ve noticed that there is often profitable movement left even when a ‘true’ cross hasn’t formed. Given that the position is risk free at this point, I think it’s worth keeping it open.
Go for it.
Watch for targets that don’t hit the opp. B/Band.
Follow the trades to the peak of the CCI.
maurizio,
Thanks for response,
Still learning to determine which timeframe for entry and drawing line.
Draw to many line (Trend & Range) and some time buy or sell wish, influence the line. 
Regards,
Ive been following your thread for a while now and it’s been great, but im still a little confused as to what indicator you use to determine when the trend is going to change? Do you look for when the CCI on higher timeframe’s peaks? then go down to smaller TF’s to find an EMA step going the same direction?
Here’s some pics, I know this is a friday so I wouldn’t trade this, but its just an example. At what time would you decide that the uptrend is confirmed on the 3hr TF, and start trading long?
Maurizio77,
Hello, I have been reading your thread and starting to test out as many parts of your system I can understand. As far as I can see everyone seems profitable and happy for it. I hope that I can acheive the same as everyone else by taking my time and learning the system more and more grasping indication of new cross candles.
What I wanted to ask was did you evolve your system over these last 3 years im seeing of post? I read many but can only read so much in a day and by the looks of the beginning of the thread until now you have went from keeping simple EMA 1 and 5 crossings to now BB and multiple lot movements threw multiple time frames.
i don’t know how you guys can do 5 minute candles i see a cross on almost everyone. I think im going to have to stick with the 1 hour or higher candles and pick up late trends im already down 40 for the day trying to pick up on 5 minute candles.
Wow, i’ve had so many questions on this aspect of the System. Maybe my communication isn’t as hot as i thought it was :o
Yes, on looking at the step on the 3hr you would indeed have missed the entry on the 30min chart…so you would now have two choices.
- Trade the 3hr setup - EMA STEP Entry.
- Butt into the trend on a lower TF
When you see a step on the 3hr chart…any TF over 1 hr actually, you need to go down to a TF which allows you to enter the trade - with all the criteria met.
I most often do this if i’ve missed the Entry on the TF i saw the Step on - But i have missed my entry criteria.
To be honest, you can use it as it’s own strategy if you want to, ie: see an EMA STEP entry on a 1 or 3Hr TF and enter on a lower TF to ensure a small gain from a big movement.
What you will see on the lower TF’s is a trend. In the direction of the 3Hr Step observed. So if the 3Hr is Stepping downwards, what you will see on the 5 (or in some extreme cases 1min chart) is a pronounced downtrend. It is here you want to enter if you’re not prepared to take on the 3Hr trade - which obviously involves more risk.
The advantage of doing this (Butting into the trend) is that as you’ve already had confirmation of a 3Hr Step downwards, you can use the momentum of the 3Hr movement to pretty much ensure your entry on a lower TF is going to be a profitable trade.
For example, look at today’s 3hr action on G/Y. When we see the cross on the 3hr at 0800 UK time - we have all our entry criteria met - so we could either enter here at the Open of the 11.00 candle for a 3hr trade or we could go down to a lower TF to find a an entry to butt into the trend.
Note the 5M TF is in a pronounced downtrend, and we pretty much know it will continue - at least for a while because we’ve just seen a valid entry on the 3Hr. So all we need to do is to find an entry which meets the EMA Step criteria - on the 5M TF.
As you can see from the 5M chart there were 3 possible entries.
11.15
14.10
16.50
All of which would’ve been profitable.
All of which would’ve netted you at least 40 pips each.
And we knew it was going to happen as the 3Hr had given us a Valid signal, so whether you had entered and traded the 3hr Entry, or if you’d have butted into the trend using the 5M you would have made profit either way.
Hope that makes sence.
OH, an just for those ppl who think i ‘cherry pick’ my trades after the event and don’t really put my money where my mouth is…
ps. ignore the other 2 profitable trades on this pic, they’re from a lower TF step set up.
Ok thanks for clearing this up for me, it seems like this strategy has potential to make alot of profit, but the trick is just seeing the whole picture. I guess this just comes with experience though.
I don’t think Metatrader has Slow Stoch or that type of CCI?
It definately has!
Regards