Just entered this one. Let's see what happens. image

Top and Bottom M5 Trade

Paulus, Do you take into account that we are about to end NY session, or do you take the signals whenever they happen? Thanks

Top and Bottom M5 Trade

Hi, I just want to add a few cents to the discussion. I remember seeing some video regarding divergence. On top of divergence itself, some rules were followed to make sure entries were not false signals. I am leaving a picture that says it all. The ...

Top and Bottom M5 Trade

Thanks for your explanations. How profitable has it been since you started trading your system?

Risky Business System

Hi, Please show examples of entry and exit points on a chart as well and the number of lots chosen in each case. Thanks

Risky Business System

Thanks. The program gives interesting results, although I'm not sure I understand 100%. Will look more into it. I work with OpenOffice. Have you tried F9 with it?

Evaluating profit

Maybe there is another way of calculating how profitable the strategy is with these data (2009): starting capital = 500$ avg profit = +347 pips/trade avg loss = -314 pips/trade RR = 1:1 (at each entry the avg risk was around 340 pips) number of ...

Evaluating profit

According to the trading rules I am following, the RR is 1:1. So when I identify an entry signal, I set my stop loss at the last swing high/low and it becomes the amount of my profit target. So with a win rate of 82%, your logical steps should then ...

Evaluating profit

Thanks. I found this in the MT4 userguide: "...client terminal allows to close positions partially. To do so, one has to specify the amount of lots less than that given for the opened position in the "Volume" field before pressing of the "Close... " ...

The CARMEN System Indicator

Here are my results for two weeks ago on GBPUSD 1min v3.10 standard settings: Sydney session: -10 pips Asian/Sydney session: -29 pips Asian session: -26 pips London session: +51 pips London/NY session: +71 pips NY session: +30 pips Total: +87 pips ...

The CARMEN System Indicator

White line crossed the take profit red line and price is closing. That's when I exited. How do you close 1/2 lot in MT4 without adding spread?

The CARMEN System Indicator

I have manually backtested GBPUSD for the last week using v3.10 (standard settings). I assumed opening two 0.5 lots at each signal and closed one when price crossed the first additional TP line and the other (or both) when it crossed blue and yellow ...

The CARMEN System Indicator

Lesson #2. Always check the news wich I didn't. My entry was good, but got stopped out. image

Bringing Down the Forex House

Yes, and even with the original bband stop loss on the 5 min chart, I would have made some pips. Price started to move with the opening of Asian session and increased volume. Another lesson for me. Chamane

Bringing Down the Forex House

Hi, I followed the rules for my last trade, but it didn't work out. I was quite confident because price was on the short side of low MA on the 30 min chart. I switched to 5 min and entered short on the signal of bband. Shortly after, a long signal ...

Bringing Down the Forex House

A new signal of the BBands appears when price closes outside the other band of the Bollinger Bands indicator.

Bringing Down the Forex House

Thanks. I'm doing the reverse. When I get a signal on 5 min, I switch to 15 min to make sure all conditions are met, so I know the signal is a retracement of a longer TF. I might be missing some pips, but to me it is visually logical.

THV system, final edition

Sorry if I am ignorant about it, but what is your overbought/oversold levels for Trix?

THV system, final edition

When you switch to 1 min chart, do you enter right away if Trix is already going your way, or do you wait for a retracement? Thanks.

THV system, final edition