Note that only the 1st order is opened based on "some strategy". The following orders are just steps of the ladder. So if the 1st entry was correct and reached a profit equal to the step size, we open a new entry in the same direction, and move stop ...

The Ladder System

Here's the first version of the Ladder System EA for back-testing purposes. First order is opened based on previous daily candle, if up then Buy, if down then sell. System Parameters: LSS = "Ladder Step Size in pips" default 100 for EUR/USD (4 ...

The Ladder System

Sample Test : EUR/USD 1/5/2014 to 31/10/2014. Step size 50 pips image

The Ladder System

I agree

Only Gold!

I already did that. For example I used a simple method for first order, where if the previous day is UP I go long, otherwise I go short. I might include a user input for first order ticket, if it is filled by the user I will use it, otherwise I will ...

The Ladder System

Hard Luck hollowhead. As long as we learn from our mistakes we are on the right track.

Only Gold!

I don't think its a bullish fake because Daily and Weekly Volume supports it, which means smart money is interested. Take a Look at the Daily and Weekly charts I attached few posts earlier.

Only Gold!

I just saw this. However, I am sure you know What applies to Gold (Commodity) doesn't necessary applies to (co-related currencies: EURO and JPY). For Euro and JPY I think they will weaken further and the down trend will not reverses easily as they ...

Only Gold!

Weekly : image No doubt that we had a Nice Bullish Pin Bar on the weekly, which might lead to some green days next week. However the way up is full of obstacles (indicated by green dash horizontal lines on the chart). Daily : image We also have ...

Only Gold!

I was out most of the day as Friday is my official holiday. However my orders did well as I was cheking through my mobile every hour or so. I cleaned my pot once I reached my weekly target. Looking at the current price I might have done better if I ...

Only Gold!

A big fight over 1145. Lets see who wins it.

Only Gold!

Dear All, I am not suggesting any thing here. Its only my way of thinking which might be wrong. And for anyone who might go long on these levels, please trade very light with tight stop loss as bottom is not confirmed yet. And DON'T Forget tomorrow ...

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Well, with these win rates on both directions You are doing very well griffinssoul.

Only Gold!

I know that most traders now prefer the short side. I feel this will be a good time to check the long side. Yesterday I was surfing against the tide and still made good money. I know good traders can make money in both directions. H4 Chart image A ...

Only Gold!

Quoting griffinssoul Analysis looking great abokwaik but how are you holding up mate! Hopefully things will turn around in your favour. I am still alive. In fact I had an unresolved issue with my broker yesterday which led to stop out on all ...

Only Gold!

So it hit the 1150 level. I initiated small longs here, and will build up if this level provide support. image

Only Gold!

@thefox91 Is it correct that : If the Z pattern is pointing UP : Its better to look for a Short Entry at the Reliable Zone, Or Long Entry at the Extension, While if the pattern is pointing DOWN : its better to look for a Long Entry at the Reliable ...

The Z Transform system

@thefox91 Few Questions to fully understand the method (Chart Attached): image In this chart the bottom extension is inside the reliable zone: So in such cases do we consider the pattern INVALID, or Trade the UP move Only ? The upper edge of ...

The Z Transform system

Great Work Ahmed. I will give it a try, and may be work out some sort of automation for easier back-testing.

The Z Transform system