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- DocPMD replied Aug 26, 2009
Jazz, I did the same sort of test with EJ over a shorter time period and got the same 70% to 75% success rate. I tried filtering in different ways: trading time, only with trend, S/R. I could not improve upon the 75%. I posted this and that is when ...
NITRO Scalping for serious traders
- DocPMD replied Aug 26, 2009
Absolutely not true. If the system provides 90% wins, then a 5 pip win with a 20 pip SL will make you very wealthy. Your point about being patient and riding for more pips is a good one, it's just not this system. Doc
NITRO Scalping for serious traders
- DocPMD replied Aug 26, 2009
I'm Back — Hello All, Glad that this thread got started. As you probably know, I was banned from the C4 thread for disagreements with Edge. If you took the time to go back through my posts there (please don't waste your time) you will see that ...
NITRO Scalping for serious traders
- DocPMD replied Aug 25, 2009
EJ Short 30 5 — Short EJ 30 5 Entry 134.65 SL 25 pip TP#1 25 pip TP#2 33 pip (on 25 pip Trailing Stop) Risk 2% Profit 2.1% I took this trade late in the NY session. Lasted a long time before it broke. I had my TP #2 set at 134.04 and it got to ...
MTF Trix system
- DocPMD replied Aug 25, 2009
Short GU 30 5 Entry 1.6383 SL 25 pip TP#1 25 pip TP#2 30 pip Risk 2% Profit 2.3% Also got +20 on EJ short earlier.
MTF Trix system
- DocPMD replied Aug 24, 2009
Reetry Trades — Glen (or anyone else who knows the answer), Tough to articulate this question, but I think you will get the idea. When trading 30 5 TF's, the signal is generated on the 30 min chart and the entry determined on the 5 min. Easy ...
MTF Trix system
- DocPMD replied Aug 24, 2009
I think that one of the most important things to learn in Forex is when not to trade. Probably the key to success. I know that I haven't figured it out yet. Doc
MTF Trix system
- DocPMD replied Aug 24, 2009
Indrek, I don't really want to clog your thread with peripheral stuff (I will remove this post if you request it), but I think I know what you were referring to here. It appears that Glen has done some detective work and solved part of the mystery. ...
MTF Trix system
- DocPMD replied Aug 24, 2009
Winning Trade #2 — Short EJ 30 5 Entry 135.77 SL 30 pip TP 30 pip Risk 2% Profit 2% Had to endure some drawdown on this one, but I knew that I had the 136.00 to protect me.
MTF Trix system
- DocPMD replied Aug 24, 2009
First Winner — Short GU 30 5 Entry 1.6510 SL 30 pip TP 22 pip Risk 2% Profit 1.5% Probably shouldn't have taken this trade because I was trading into the figure, but it won. Doc
MTF Trix system
- DocPMD replied Aug 21, 2009
Banned! — LOLOLOL I've been officially banned from the C4 thread! I guess Edge couldn't take the chance that the truth about his Nitro system might come out! Doc
MTF Trix system
- DocPMD replied Aug 21, 2009
Indrek, Last night when I was constructing this system for my Tradestation platform I asked myself the same question. On the 15 min chart for GU over the past week I only saw two TRIX signals that the MA filter would have correctly screened out. And ...
MTF Trix system
- DocPMD replied Aug 21, 2009
Excellent Thread — Well, despite my fatigue level, I did take a few hours to review the last half of the thread. Very impressive. Can't wait to give this a try. One of my goals is to get this method running on my Tradestation platform. So for ...
MTF Trix system
- DocPMD replied Aug 20, 2009
Thanks for the invite — Hello everyone, A couple of you have sent me PM's inviting me over. I sincerely appreciate it. I hope that means that you see that I am objective, offer help and opinions, and have at least some level of intelligence. ...
MTF Trix system
- DocPMD replied Aug 20, 2009
A lot of double talk. I never claimed that C4 needed to be 90%. I have made C4 work, and have provided a bit of my history with it. And am not complaining about it. I just know what I had to go through (mentally) to make it work and it is difficult. ...
C4 Scalping
- DocPMD replied Aug 20, 2009
Just remember that bricks can be used for a lot for different things: build a road, a bridge, or building. But they can also smash things. Use them wisely!
C4 Scalping
- DocPMD replied Aug 20, 2009
Edge, My successes have been with trading C4 for the most part. But it has been very difficult - the 75% is tough work! And right now I'm not sure I could repeat the same thing using real money. Gonna take a lot of practice to build that level of ...
C4 Scalping
- DocPMD replied Aug 20, 2009
Edge, I've done the math on the "draw down issue" and "high hit rate compensating factor" from a theoretical mathematical basis. With Nitro, and the hours and hours of testing I've done, I can't seem to get away from a 20 pip SL or greater without ...
C4 Scalping
- DocPMD replied Aug 20, 2009
Thanks for the kind words. Let me clarify a few things. First, do the math on the percentages. In order to get from 75% winners to 90% winners you have to cut the number of losing trades by 60%! That's a tall order. And as far as your last question ...
C4 Scalping