update: 12000+ pips closed as of 10/27/08
I WISH IT WERE ALWAYS THIS EASY!!!
SDS.zip (11.1 KB)
Nice work again, Pip. I traded this live today on a $100 account. I was only trading 7 pairs and .05 lotsize, but made 50% already. I had 3 positions still open but I closed them, happy with my $50 today. Thanks. 
Holy crapoly.
Well, I just started after close. Wish I had gotten in on this Sunday evening!
But, so far Iām up +629 pips after just an hour and a half. Good times.
Really glad I took my profits when I did. According to my demo account, everything retraced to SL. Most pairs looked like they might. USD/CHF is definitely trending up overall, but the last 2-3 days has been on a down turn. Still met the criteria for buy with this system, but I left it alone and it went nowhere but down. Good example of using your experience looking at charts to temper whatever system youāre using. I still really like this one and I think that after today all the down trends will resume.
Hi,
I am completely new to Forex and I have a difficulty finding ADR calculation tool.
I understand that it is an avarage of daily range but as I am using a java based operating system and my computer doesnt support Meta Trader these links would not work.
In the charting software I have ADX, ADXR or True Average Range however they do seem to do different things.
I will be very happy if somebody can help me with defining What ADR is and how to find one for a java based system.
Thanks and happy trades!
Yeah, overnight all my profits have tanked and now Iām WAY in the hole. Iām watching the numbers, but Iām not sure what I want or should do at this point.
Iāve been googling, but I havenāt found much yet that could help you out 
This DD period will be a good test for the system. It will take some time for it to prove itself. Iām in the hole as well on my open positions but still in an overall profit.
Well, Iām slowly gaining back ground. As positions go back into the black, iāve been placing Trailing stops on them to protect what profits I can. So far, only one has come back in, but several are dancing closer and closer to getting out, and staying out, of the red.
I can certainly see where this system works, as per your collected data, but I guess I just picked the wrong day to start! LOL :rolleyes:
Wow, this hurts. Iāve hit alot of stop losses and iām down 1100+ pips now.
I hope you are still in demo mode. Start small with the position size and let the MM build your acct balance.
Yeah, totally still in demo mode, lol. My MM would have been fine if I hadnāt been a complete goober and THOUGHT I was entering .01 lots and entering 1.0s insteadā¦my laptop doesnāt tend to āsaveā my settings on MT4 like my desktop seems tooā¦ Doh.
Reduced position size per MM. Talk about a reversal across the board. Only 1 entry tonight.
Youāre rightā¦next to no signals tonight per this system. However, based on months of watching the same charts, I placed 5 orders anyway. (I guess I modified it somewhat because instead of using the entire 10 day ADR for TP and SL, Iām using half of that). I placed sell orders for EUR/USD, USD/JPY, EUR/JPY and EUR/CHF. They just didnāt look like they could maintain the buying pressure, plus, theyāre all still in a down trend per my PnF charting. I bought GBP/USD based on that same charting. So far, up a bitā¦weāll see.
Iām working on adding something else instead of the angle to see if I can find anything that will have good success in keeping us out of sideways markets. iāll let you know if I find anything useful. Running backtests and live tests at the same time, lol.
Nixed the GBP/USDā¦too finicky right now. Other 4 trades on track to nice profit (Only trading .05 lots, but currently up $12.03) 
Here is something you may be interested in.
See attachments.
The is a programming code at the end of it.
This does sound interesting. Thanks tymenā¦Iāll be looking this over tomorrow when my brain is less fuzzy
In sticking with my whole ā10% per dayā philosophy, I exited everything at around $11 up. Everything has stalled for now and I donāt want to try to guess which way things will go once momentum picks up. Not as good as last night, but enough to keep me happy.
Once again, glad I got out when I did. I looked back at the 5M charts for the pairs I trade and almost every one has been relatively flat for the last 4 hours of yesterday through now (3 hours into new day). Volume is negligible and the candles are tiny. Worst is the EUR/USD. Something is going to break soonā¦which way? According to my long term PnF, most everything is still showing sell, though with large re-traces. My gut (and trend following prefernces) say the return will be down, but in this market, who can tell? The odd thing is GBP/USD actually changed short term signal to buy today. That one is really confusing (and I was wrongā¦itās even worse than EUR/USD on the 5M chart).