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forexmoments replied Jun 17, 2008Hit the nail on the head. Probably a martingale as well.
Is it possible to make 20k to 70k in short time (7 weeks)?
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forexmoments replied Jun 16, 2008Yes you are missing something. The Cable was not stopped out, because remember - the SL is the low/high of the wick.
AshFX Daily
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forexmoments replied Jun 16, 2008It is a valid signal, but you're using Northfinance. FXDD Demo is what I use for my signals.
AshFX Daily
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forexmoments replied Jun 16, 2008Hi, please place the TPL file into yout MT4\Templates folder. Then restart your platform and apply the Template by right clicking on any chart. You''ll see a menu, and click on Template, then select AshFX_Daily. Hope this helps.
AshFX Daily
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forexmoments replied Jun 16, 2008Hi Marcel, thanks for the compliments. Concerning your question, yes it would, but I don't recommend using IBFX, since it has a Sunday bar.
AshFX Daily
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forexmoments replied Jun 16, 2008Whoops sorry. Try again now, I hadn't changed the settings on my Adobe Professional.
AshFX Daily
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forexmoments replied Jun 16, 2008I prefer to use a broker with Sunday bar. I personally use FXDD Demo, and this is what I advise.
AshFX Daily
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forexmoments replied Jun 15, 2008The system specifies that the signal you have taken there is actually invalid, because you were taking a long trade on a bearish candle. However, interesting to note it still worked out for you...
AshFX Daily
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forexmoments replied Jun 15, 2008Both have to qualify. However, if either (or even both) have exceeded the 50 limit, then the system still accomodates for that occurrence as well.
AshFX Daily
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forexmoments replied Jun 15, 2008I have found that taking trades on the close of the candle is the best way forward, since: a) It allows for manual backtesting. b) It allows traders who have time constraints to use this system. c) Most importantly, it is a profitable system.
AshFX Daily
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forexmoments replied Jun 15, 2008Doesn't matter if they're above or below, just focus on the colour.
AshFX Daily
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forexmoments replied Jun 15, 2008Actually, since I released this system last week (privately), a lot of people had asked me whether I could supply Daily signals when entry conditions have been met. I'm thinking about it, but if I do it, I have to be consistent and persistent. (And ...
AshFX Daily
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forexmoments replied Jun 15, 2008Actually it would. I've mentioned this in the PDF manual.
AshFX Daily
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forexmoments replied Jun 15, 2008Correct Billbss, but it's not only the Eur/Usd. Like I said it works on any pair. Obviously some pairs will fare better than others, but that's the nature of FX of course.
AshFX Daily