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Here is a link to my test.
3 pip TP ,
Daily ATR based SL (catastrophe SL)
I am closing the trades manually if I do not like the price action after a period of time or if the market changes.
Its a bit slow going as I am only taking a few trades a day, hoping to get to 100 by the end of the month.
3 pip targets
Here is a link to my test.
Excellent! Way to be consistent. Keep it around 1% gain per day and you should be solid
Nice work to you as well Balrog
Focus, Patience, Determination & Order in chaos
Good idea on closing bad trades bro. How about using averaging or hedging strategy instead of closing the bad trade? Thanks.
Sorry for the late reply. If your broker doesn’t comply with anti-hedging rules and if you know how to hedge properly, sure, why not!
I’m using Oanda (based in USA) so I cannot long and short the same currency. Since this is the case, I cannot hedge properly.
There are many hedging techniques and that is not the focus of this thread
Focus, Patience, Determination & Order in chaos
Good idea on closing bad trades bro. How about using averaging or hedging strategy instead of closing the bad trade? Thanks.
Sorry for the late reply. If your broker doesn’t comply with anti-hedging rules and if you know how to hedge properly, sure, why not!
I’m using Oanda (based in USA) so I cannot long and short the same currency. Since this is the case, I cannot hedge properly. There are many hedging techniques and that is not the focus of this thread Thanks bro ..
My numbers this week. 66 winning trades and 5 losing. The losers were obvious dumb trades. I need to do what Saver says he does and wait a set amount of minutes before i take my next trade. 4 of the 5 losing trades were taken after a winning trade and i tried to follow it.
I have use your EA now,I want to ask this EA cant Automated trading？
No its not @blueface
It’s just a helper EA to make placing the 1 pip trader quicker and easier to see the TP levels.
Focus, Patience, Determination & Order in chaos
Just a quick update as I reached 10% today with no losses so far.
Still trading 3 pips at a time and not trading too much, if i hit nearly 2% i definitely turn the screen off.
I am going to trade this up to 100 trades on the demo account and then try a live one.
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This reply was modified 10 years, 9 months ago by .
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This reply was modified 10 years, 9 months ago by .
3 pip targets
My 1-pip experiment so far. Closed trades =145, open position =1, (will get M.C soon??)
. Lotsize ~0.6% per pip. Targeting 1-2 pips, no SL, hedge/counter trade with 10% lotsize, TP 5pips when the original trade move against -25pips. Drawdown still bearable/acceptable so far.Spread is 3pips, but get back 1.5pips to my buddy’s affiliate acc (1.5 x 45lots~63usd), so consider got back whole initial capital (50usd+27usd bonus=77usd). It’s now a risk-free eexperiment trade acc after running it for ~2weeks. Thanks to SaverO
Major problem encountered: discipline
VisualText
Thanks for posting your myfxbook, awesome job on a real account, I look forward to one day posting mine.
Considering the nature of the strategy I never thought of using an IB to get some pips paid back into the account. Surely that is a good way to compound too, given that the strategy is quite prolific in orders, pips and accuracy.
I’m going to investigate that too
3 pip targets
Just a quick update as I reached 10% today with no losses so far.
Excellent work nev!
My 1-pip experiment so far. Closed trades =145, open position =1, (will get M.C soon??)
Awesome trading there but I see you have been over trading
If you are able to make clear and good decisions every time then that’s great. There are literally at least 30-100 trades per day in EURUSD when trading on the tick chart. We can take comfort in knowing that all we need is 3-4 really good ones! This means avoid absolute tops/bottoms. Trade the middle chunk, etc This is about stress free trading.. just secure 3-4 trades per day and you will be on the way to becoming a consistent and profitable trader!
I’m developing some velocity and trend indicators to help with this system these days. So look out for more updates over the next few weeks.
Focus, Patience, Determination & Order in chaos
Here are the results on live account of last ~2 days. Without Lots compounding.
Logic is based on ForexGT_Spaghetti (Currency strength) and ForexGT_TickVolume indies.
Main targets are minimal time in market (currently most trades are closed within few M15 bars) and minimal DD (currently 0.03%).
Only one open trade per currency pair, fixed 3 pips trailing stop, 24/5 hrs trading.
Currently running backtest for one year. Although not indicative, it will show problematic areas/entries of this system logic. Will report when finished (it’s slowwwww….).
Currently 76 profitable trades, 0 losses.
Need to fix/change:
1. Change Trailing stop to dynamicaly adapt to spread & commissions (if applicable).
2. Don’t trade Daily High/Low for xxx pips Below/Above it.
3. implement no NEWS trading for xx minutes before and after.
4. Optimize trading hours.
G.
Here is my first week -very busy, don’t have enough time-.
Strategy: Using 2 different volume indicators (one is Gadi Tick Volume_2.2). 19 trades with 100% success…
Going real account soon.
Going to implement GG53’s strategy soon.
Saver saved us
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This reply was modified 10 years, 9 months ago by .
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This reply was modified 10 years, 9 months ago by .
Nothing has ever motivated me more than this...
Here are the results on live account of last ~2 days. Without Lots compounding. Logic is based on ForexGT_Spaghetti (Currency strength) and ForexGT_TickVolume indies. Main targets are minimal time in market (currently most trades are closed within few M15 bars) and minimal DD (currently 0.03%). Only one open trade per currency pair, fixed 3 pips trailing stop, 24/5 hrs trading. Currently running backtest for one year. Although not indicative, it will show problematic areas/entries of this system logic. Will report when finished (it’s slowwwww….). Currently 76 profitable trades, 0 losses. Need to fix/change: 1. Change Trailing stop to dynamicaly adapt to spread & commissions (if applicable). 2. Don’t trade Daily High/Low for xxx pips Below/Above it. 3. implement no NEWS trading for xx minutes before and after. 4. Optimize trading hours. G.
Good result G
i should try this too as soon as i am home.Just a quick update as I reached 10% today with no losses so far.
Excellent work nev!
My 1-pip experiment so far. Closed trades =145, open position =1, (will get M.C soon??)
Awesome trading there but I see you have been over trading
If you are able to make clear and good decisions every time then that’s great. There are literally at least 30-100 trades per day in EURUSD when trading on the tick chart. We can take comfort in knowing that all we need is 3-4 really good ones! This means avoid absolute tops/bottoms. Trade the middle chunk, etc This is about stress free trading.. just secure 3-4 trades per day and you will be on the way to becoming a consistent and profitable trader! I’m developing some velocity and trend indicators to help with this system these days. So look out for more updates over the next few weeks.Thanks for your hard work and selfless as always Saver0
Here are the results on live account of last ~2 days. Without Lots compounding. Logic is based on ForexGT_Spaghetti (Currency strength) and ForexGT_TickVolume indies. Main targets are minimal time in market (currently most trades are closed within few M15 bars) and minimal DD (currently 0.03%). Only one open trade per currency pair, fixed 3 pips trailing stop, 24/5 hrs trading. Currently running backtest for one year. Although not indicative, it will show problematic areas/entries of this system logic. Will report when finished (it’s slowwwww….). Currently 76 profitable trades, 0 losses. Need to fix/change: 1. Change Trailing stop to dynamicaly adapt to spread & commissions (if applicable). 2. Don’t trade Daily High/Low for xxx pips Below/Above it. 3. implement no NEWS trading for xx minutes before and after. 4. Optimize trading hours. G.
GG where are these indicators that you mention. Searching only shows them mentioned on this forum so I am assuming its something made by you or a member here?
Here are the results on live account of last ~2 days. Without Lots compounding. Logic is based on ForexGT_Spaghetti (Currency strength) and ForexGT_TickVolume indies. Main targets are minimal time in market (currently most trades are closed within few M15 bars) and minimal DD (currently 0.03%). Only one open trade per currency pair, fixed 3 pips trailing stop, 24/5 hrs trading. Currently running backtest for one year. Although not indicative, it will show problematic areas/entries of this system logic. Will report when finished (it’s slowwwww….). Currently 76 profitable trades, 0 losses. Need to fix/change: 1. Change Trailing stop to dynamicaly adapt to spread & commissions (if applicable). 2. Don’t trade Daily High/Low for xxx pips Below/Above it. 3. implement no NEWS trading for xx minutes before and after. 4. Optimize trading hours. G.
GG where are these indicators that you mention. Searching only shows them mentioned on this forum so I am assuming its something made by you or a member here?
ForexGT_Spaghetti & ForexGT_TickVolume are made by me and are not for share.
You can find similiar, older versions, in the (late) “Killing Zone” thread @FF – Gadi_Currencies & Gadi_TickVolume.
G.
Main targets are minimal time in market (currently most trades are closed within few M15 bars) and minimal DD (currently 0.03%).
Really nice trading there GG!
How are the results looking?
Focus, Patience, Determination & Order in chaos
Try 144 ticks bars to distinguish chop vs. trending market. G.
Very nice input, thanks. Always inspiring, always opening new doors for our insight…
Nothing has ever motivated me more than this...
As promised, here is the indicator to go with this trading strategy. It’s a form of money flow that removes volatility to show you the true direction. It’s all a sine wave
Apply the attached template to like the EURUSD M15 chart. Take a look at the settings and apply the similar settings for GBP if you need it. I only trade the EUR/USD so I don’t really care for the rest.
Place the 1pip trade in the direction of money flow.. for example if you see money coming into USD (USD chart going up with a solid bottom, higher lows), then you know USD is long and then find another currency which the money is flowing out of.. in the screenshot, you will see money flowing out of AUD at 2:15AM. This would be short trades off of the tick chart on every pull back
Wish you all many green pips!
Focus, Patience, Determination & Order in chaos
And here are the trade results after one month of testing. Last week I was unable to trade as much since I lost my good phone which I trade with. But the system works! With the Money_Flow indicator I shared, this is the easiest system I have ever worked with. You can teach your kid to trade this and make money. Use proper money management and don’t get greedy and start placing stupid trades. Even with stupid trades, you will have ~97% chance of being successful. This system is VERY extremely forgiving
But correct your mistakes, don’t let randomness fix your problems. Learn to execute good trades, if you placed a good trade, then who cares even if you margin call. If you place a bad trade against all trends, correct them immediately! Take a loss! Correct yourself and trade better!
I already started with real money account. Only was able to trade for a week and for that week I was up 12%
Focus, Patience, Determination & Order in chaos
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This reply was modified 10 years, 9 months ago by
I’m using Oanda (based in USA) so I cannot long and short the same currency. Since this is the case, I cannot hedge properly. There are many hedging techniques and that is not the focus of this thread 
. Lotsize ~0.6% per pip. Targeting 1-2 pips, no SL, hedge/counter trade with 10% lotsize, TP 5pips when the original trade move against -25pips. Drawdown still bearable/acceptable so far.
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