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stevepatt replied Jun 2, 2015Hi Chicago; Thanks for your reply. I hope things continue in a positive vein for all of us.
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stevepatt replied Jun 2, 2015How many pairs are you Trading and what % of Bank are you risking per Trade? As I have stated in a previous post, the most important thing to know, with any method, is the Losing Streak that be expected because it is this information that determines ...
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stevepatt replied Jun 2, 2015Hi Xavier; It's an Indicator I use to see the 00 round number, on my chart, it gives me a quick visual of how far the Market is moving. I have it set to display the 00 numbers only.
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stevepatt replied Jun 2, 2015Hi Dildubai; Yes, I've closed the Pending Buy Stop on USD/CHF.
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stevepatt replied Jun 1, 2015Hi Xavier; This is it, there is no one Method that will fit all. I've always been drawn to Trend Trading after a Pullback in the Primary Trend and then looking for Price Action at Support/Resistance to take a Trade. I can make this work, for me, but ...
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stevepatt replied Jun 1, 2015The USD/CAD D1 is an example of how classic "Price Action" can be misleading and the Market going against the obvious PA. The GBP/JPY chart is another example of the Market going against the obvious PA. I know, some of this was news led but it shows ...
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stevepatt replied Jun 1, 2015Hi Dildubai; Once the EA is up and running we should have a better idea of what we can expect from the method. There are going to be periods of consolidation, on all pairs, where we can expect DD but I think overall it should come out on top. Like, ...
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stevepatt replied Jun 1, 2015Hi AbhijetPandi; Thank you for your reply. I will only be using the EA for back testing. Will the EA be able to Hedge positions as I have stated in my previous post?
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stevepatt replied Jun 1, 2015Hi Dildubai; As, I understand dimdel's rules you would keep the Short Trade Open and also Hedge with a Long Trade. If I'm mistaken I'm sure dim del will correct me.
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stevepatt replied May 31, 2015Hi AbhijetPandi; Firstly, thank you for your efforts in writing an EA for this method. I'm sure your waiting for the BUT I can't get it to take any Trades the chart shows the settings I'm using. Any help would be appreciated.
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stevepatt replied May 31, 2015Hi panamamike; I agree completely with trying to avoid these periods of consolidation but I want to find a filter that is as simple as dagoods suggests, in this Post 882, other wise there could be too much discretion involved in taking a Trade. I ...
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stevepatt replied May 31, 2015Hi dimdel; I thought you moved your Stop Loss to Break Even after the Trade reached 1.4 Fibo Level? After that you allowed the Trade to hit the SL or Take Profit. For ease of back testing I move to BE only and then allow the Trade to hit TP or BE. I ...
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stevepatt replied May 31, 2015I've done a random Back Test on AUD/JPY manually for the last 3 months. It depends on your start date as to the Trades you will get I've started from the 05/02/15 up to the present time. The Price Action from the 05/02/15 to the 25/03/15 will really ...
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stevepatt replied May 31, 2015Hi dimdel; What would you do in the following situation? (See chart below) The only way, I can see, to get back into this Bullish Move is by looking at Candle Formation. I guess, it comes down to Trading Experience and Knowledge as to wether you ...
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stevepatt replied May 30, 2015Hi panamamike; I admit, when I first looked at this I thought it needed extra filters to make it work effectively. But after taking a closer look I realised it might just work better as it is. I know nothing about programming but would have thought ...
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stevepatt replied May 30, 2015Hi dimdel; I always keep an open mind. It's early days yet, but sometimes you have to turn things on their head and be open to new ideas and ways of looking at the Market. A Trading Method doesn't have to be sophisticated to be successful less is ...
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stevepatt replied May 30, 2015Hi panamamike; The beauty of this method is it's simplicity. I wouldn't bother with filters until you know how it performs without them. Just doing a visual back test I can see it's potential, I know it goes against all my Trading knowledge to Trade ...
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stevepatt replied May 26, 2015Hi Motiram, I've drawn those swing points in by hand.
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