Learn Forex Trading Online with a Forex Pro
A A A
Avatar
Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

Login form protected by Login LockDown.


Lost password?
sp_Feed
Topic Rating: 0 Topic Rating: 0 Topic Rating: 0 Topic Rating: 0 Topic Rating: 0 Topic Rating: 0 (0 votes) 
sp_TopicIcon
Results for free ATM system
Avatar
ccaspers
USA, High Point, NC
Beginner
Free Members
Forum Posts: 14
CubePoints $88
Member Since:
August 3, 2013
sp_UserOfflineSmall Offline
21
August 23, 2013 - 18:43
sp_Permalink sp_Print
0

Yes, I did get your PM and responded. You should have received a response. Let me know if you didn't Thanks.

Before I got into the VIP course here, I used a manager that automatically locked in profits and all that. I found Managing the Pip quite nice. I also am able to write EAs that manage trades. If you aren't ready to upgrade here at ElectroFX than perhaps you can get a manager that will help lock in break even and use that until you can upgrade. Just a thought.

______________________________

Christian Sean Caspers

Avatar
Theo Patsios
UK
Admin
Forum Posts: 669
CubePoints $8001983
Member Since:
February 26, 2011
sp_UserOfflineSmall Offline
22
August 23, 2013 - 23:29
sp_Permalink sp_Print
0

Hi Ted,

I have one we made a long time ago which was an edit of the Mauro that you will find around the web, I can send you that if you like? It will have to be when I get back from my holidays though as I don't think I have it on my laptop. Just PM me so I don't forget.

Theo

Avatar
Theo Patsios
UK
Admin
Forum Posts: 669
CubePoints $8001983
Member Since:
February 26, 2011
sp_UserOfflineSmall Offline
23
August 23, 2013 - 23:58
sp_Permalink sp_Print sp_EditHistory
0

impulsewaver said
Before posting my weekly results I just wanted to add a few charts of my trades because they would have changed the ending results significantly. 

First off i had an Aud/Usd long that missed my target by 5 pips and ended up being a loser because i wasn't around to move to break even.

aud-usd-miss.jpg

 

and GBP/CHF another trade that hit and went through my profit by 6 pips but the spread got wide so i missed that exit also but moved to break even. Not having excuses just pointing things out.

** Register Here for Free Membership to see this image/link **

 

 

With regards to the these 2 let me quickly point a few things that would have gone through my mind.

Firstly on the AUDUSD - I assume you were using a faster chart to enter that one as I don't see your entry trigger:
the Black box I have marked it is the range that presented itself before your trade.
it is mapped around the high and low points of the start of the HL and LH sequence that completed before your trade, you can see what I mean through the swings.
the Green lines I have marked out are the same thing but presented in a Triangle visualization.
the message is the same and at this point I would be waiting to see which side was pierced,
and then I would wait for a pullback to a good location to then go in that direction to follow the herd.
In this case the bottom side was broken first so a pullback sell would be on the radar,
but then the top side was broken and so I would consider this an undecided Market and look elsewhere.

AUT.jpg

Secondly on the GBPCHF - I know this was your target anyway so these are just reminders for you:
the 3 Black X's I have pointed out show a very strong horizontal area that should be considered a heavy Obstacle.
the small Black line I have pointed out was an Obstacle that appeared during the Trade,
making that 3 Black X Line the second Obstacle which is as far as I am comfortable to push things.
the 3 Green X's I have pointed out are the 3 points that could be used for judging momentum and maximum expectations.
2 of the Green X's where now permanent swing points for you to use and 1 of them was used due to you expecting to be right.

** Register Here for Free Membership to see this image/link **

Theo

Avatar
Theo Patsios
UK
Admin
Forum Posts: 669
CubePoints $8001983
Member Since:
February 26, 2011
sp_UserOfflineSmall Offline
24
August 24, 2013 - 00:07
sp_Permalink sp_Print sp_EditHistory
0

Notice how a similar thing happened here:

AUT2.jpg

The Black box once again maps out a bit of a Range that it got stuck in,
It poked out the top showing which way it wanted to go,
then it pulled back and gave you some Trigger options to buy out of the Khaki box I have drawn in.
The Risk:Reward on the Trade is good and all systems are go.

Theo

Avatar
impulsewaver
Intermediate
Free Members
Forum Posts: 31
CubePoints $165
Member Since:
July 3, 2013
sp_UserOfflineSmall Offline
25
August 24, 2013 - 20:32
sp_Permalink sp_Print
0

Hi guys i have a few different scripts for exactly that, moving my stop but i have never used them and had not even thought about them until you guys had mentioned it. I am not sure which one works the best or if they work at all. I have Mauro trailing, trailing lines, and trailing stop, I guess i will have to test them out to figure out which one fits best.

As for the AUD/USD trade i have been trying to mark trades on longer time frames, I had seen this area on the daily and thought i would just catch a bounce, not necessarily a retrace but a small bounce. I had expected a pinbar to form with the news so I entered as it started to pullback. I know it had made a lower low with the area you marked out but i was looking at a little bigger area. I posted the chart to show basically how far it missed my profit not to show my trade, my apologies if I misrepresented that. So here is what i seen.

By the way my lesson; Wait for conformation 

 

Aud.jpg

Aud-1hr.jpg

Avatar
Theo Patsios
UK
Admin
Forum Posts: 669
CubePoints $8001983
Member Since:
February 26, 2011
sp_UserOfflineSmall Offline
26
August 24, 2013 - 23:44
sp_Permalink sp_Print sp_EditHistory
0

No need to apologize for anything Ted, I was just posting my thoughts in case they helped idiosmile

On the subject of waiting for confirmation though;
That 2nd AU chart post I made is actually at the point where I would feel that things were confirmed if I was looking at that AU chart you had posted originally, or if I was looking at the D1 and H1 like you posted just now.
It's the first time since leaving the D1 area that a new area with trigger and good RR had presented itself.

I understand that you were just looking at a bounce but I try and look at things in layers of cash volumes being played, in your case here the D1 would be the Longer Term layer and the H1 would be the Shorter Term layer. In order to Trade what you were looking at with the D1 layer I would want to see the H1 layer confirming that. At the time of your Trade the H1 layer was indicating that a pullback sell was following the herd, but then it broke the range top side and made it less clear. This just means that it is safer to look elsewhere for a while and let things become decided once again, which is what happened much later on.

Using your H1 image to visualize again what I consider to be a confirmed trade:

AUT3.jpg

The black line is the price action in wave format like we use with WavEFX,
LH followed by HL creates the range or area of indecision.
area then gets broken north and you wait for a pullback buy that does not break the previous HL,
you then have that Khaki box as the area you are trading and and Inside Bar as your Trigger,
RR looks good and I have marked the trade out with the 3 blue lines using a very conservative TP.

I am in a bit of a hurry this morning so I hope that makes sense money

The following users say thank you to Theo Patsios for this useful post:

impulsewaver
Avatar
impulsewaver
Intermediate
Free Members
Forum Posts: 31
CubePoints $165
Member Since:
July 3, 2013
sp_UserOfflineSmall Offline
27
August 25, 2013 - 01:18
sp_Permalink sp_Print
0

Thank you Theo for your response and insight, I do understand what you have said, it makes total sense. The only thing i didn't quite understand is the placement of your khaki box. Did you dial down to the 5 min chart to see the placement? Thanks again for your help Ted

Avatar
Theo Patsios
UK
Admin
Forum Posts: 669
CubePoints $8001983
Member Since:
February 26, 2011
sp_UserOfflineSmall Offline
28
August 25, 2013 - 01:47
sp_Permalink sp_Print
0

impulsewaver said
Thank you Theo for your response and insight, I do understand what you have said, it makes total sense. The only thing i didn't quite understand is the placement of your khaki box. Did you dial down to the 5 min chart to see the placement? Thanks again for your help Ted

Just back from breakfast and getting ready to head to the beach cool

That box is drawn off of the H1 swing low I mapped out for you created by that Doji.
The box indi I provided with the Free Course should have drawn that in for you.
I am currently using a slightly more advanced version of that indi which also picks up mirror flips and allows for a small skew of a few pips on the H's and L's... but they are very similar.

AUT4.jpg

Avatar
impulsewaver
Intermediate
Free Members
Forum Posts: 31
CubePoints $165
Member Since:
July 3, 2013
sp_UserOfflineSmall Offline
29
August 27, 2013 - 01:09
sp_Permalink sp_Print
0

Thank you Theo,

I just popped in to show you a trade i just took, looks pretty similar don't you think. Ted** Register Here for Free Membership to see this image/link **

Avatar
Theo Patsios
UK
Admin
Forum Posts: 669
CubePoints $8001983
Member Since:
February 26, 2011
sp_UserOfflineSmall Offline
30
August 27, 2013 - 03:56
sp_Permalink sp_Print
0

certainly does... nicely done money

 

A quick note to get your mind turning,

If it so happened that you were a few hours late and had missed the entry trigger that you took, there was also that blue Pinbar later on, that blue pinbar was the double tap confirmation of the area created by the previous blue candle (right before your entry trigger) that brushed the bottom of your Triangle, that would mean that you could use that as your SL instead to reduce the risk and stretch out the RR in your favor.

Avatar
impulsewaver
Intermediate
Free Members
Forum Posts: 31
CubePoints $165
Member Since:
July 3, 2013
sp_UserOfflineSmall Offline
31
August 30, 2013 - 20:33
sp_Permalink sp_Print
0

Hi guys,

  Theo thanks for the pointers they are always appreciated. I have been extremely busy this week so i only had two trades, but here are my weekly and monthly statements, Ted

 

** Register Here for Free Membership to see this image/link **

 

** Register Here for Free Membership to see this image/link **

Avatar
impulsewaver
Intermediate
Free Members
Forum Posts: 31
CubePoints $165
Member Since:
July 3, 2013
sp_UserOfflineSmall Offline
32
September 9, 2013 - 19:37
sp_Permalink sp_Print
0

Hi Traders sorry for the late post I have been very busy lately and i see no end as of right now for work, but any way here is last weeks results, not good but this is my fault for trying to jump in to trades without conformation. I started a new account on the 1st of the month with $10,000.

** Register Here for Free Membership to see this image/link **

Avatar
Theo Patsios
UK
Admin
Forum Posts: 669
CubePoints $8001983
Member Since:
February 26, 2011
sp_UserOfflineSmall Offline
33
September 10, 2013 - 22:56
sp_Permalink sp_Print
0

There will always be the odd losing week and funny enough it is often due to human error, but not always. It's nice to see that you have recognized and acknowledged that you did not wait for confirmation though. Now that you have seen once again how that doesn't help you with your long term goal, the trick is to stop yourself from doing it. As easy as that sounds you would be surprised at what % of people will continue with the same mistakes over and over again.

Avatar
impulsewaver
Intermediate
Free Members
Forum Posts: 31
CubePoints $165
Member Since:
July 3, 2013
sp_UserOfflineSmall Offline
34
September 15, 2013 - 20:53
sp_Permalink sp_Print
0

Thank you Theo,

       Understandable I have been so tired lately that i can't even bring myself to turn on my computer, especially after last posted trades. Last week I had no trades at all so hopefully this week i wont feel so tired and be able to focus on what i am doing and not just jump in like the other 90% of traders do, lol, thanks for your support Ted

Avatar
impulsewaver
Intermediate
Free Members
Forum Posts: 31
CubePoints $165
Member Since:
July 3, 2013
sp_UserOfflineSmall Offline
35
September 24, 2013 - 19:36
sp_Permalink sp_Print
0

Well, not any better than the last few weeks, never the less here's my results, thanks Ted** Register Here for Free Membership to see this image/link **

Avatar
impulsewaver
Intermediate
Free Members
Forum Posts: 31
CubePoints $165
Member Since:
July 3, 2013
sp_UserOfflineSmall Offline
36
September 27, 2013 - 19:28
sp_Permalink sp_Print
0

I only had 1 trade this week, I have been trying to trade off higher time frames for the last couple of weeks with no luck missing some of my targets by 20 pips and getting a break even or sometimes a loss, but this week i finally got one. Around 145 pips** Register Here for Free Membership to see this image/link **

Avatar
impulsewaver
Intermediate
Free Members
Forum Posts: 31
CubePoints $165
Member Since:
July 3, 2013
sp_UserOfflineSmall Offline
37
October 2, 2013 - 19:53
sp_Permalink sp_Print
0

I had no trades to end the month with and my demo ended without getting a screen shot of the month ending results. Although I can say it has been my worst month and I am not blaming it on the system at all, I made bad decisions. My ending was a little over $9000.00 but i don't remember exactly what the number was. Good luck to all, Ted

Avatar
Theo Patsios
UK
Admin
Forum Posts: 669
CubePoints $8001983
Member Since:
February 26, 2011
sp_UserOfflineSmall Offline
38
October 5, 2013 - 01:17
sp_Permalink sp_Print
0

Hi Ted,

The most important thing you can take out of this bad month is the lesson of patience, it is probably not the first time this lesson rears it's head, and it probably won't be the last time. What you need to do now is to go back and review the month at least and make sure you see where you went wrong and where you should have gone right. For example; we had a perfect H4 double tap setup on the GBPUSD to turn the Daily for it's next pullback on the current uptrend that has been in play for a while now. A great trade to end the week that went straight to it's D1 target area even.

Anyway, you should review all of the pairs you were following and try not to only see the Triggers that may have caused you to enter the winners, but also the Triggers that were valid and would have caused a loss. The best way to do this and not get tunnel vision on the winners is to set yourself up the month in MT4's backtester and pay it through one candle at a time using the "open prices only" setting, speed at it's slowest and hitting play-pause-play-pause which will move it 1 candle at a time.

Cheers,

Theo

Avatar
impulsewaver
Intermediate
Free Members
Forum Posts: 31
CubePoints $165
Member Since:
July 3, 2013
sp_UserOfflineSmall Offline
39
October 8, 2013 - 19:02
sp_Permalink sp_Print
0

Thank you Theo,

        You are correct i Haven't had much for patients lately and i think that does have a lot to do with most of the trades i have taken. I have been working 6 days a week 12-14 hrs a day with a total of 3 hrs drive time on top of that. I have been rushing in to trades and not doing the correct analysis, which in turn has hurt my trading significantly. Regardless of my excuses when work slows down in December i will be updating my membership (if available). Until then I will keep posting and learning what I can. Thanks for your support Theo.

                            Ted

Avatar
Theo Patsios
UK
Admin
Forum Posts: 669
CubePoints $8001983
Member Since:
February 26, 2011
sp_UserOfflineSmall Offline
40
October 8, 2013 - 23:27
sp_Permalink sp_Print
0

Hi Ted,

I am a big advocate of making trading fit your life and not the other way around so for now you don't have to sit idle, just adapt it to suite you until December. You say you are working a lot so why not just put aside 10-20 minutes a day for your trading. Use the Daily chart so that you only have 1 candle a day to analyze and work 4 or 5 pairs. You can use a tool such as the "P4L_PeriodCon.mq4" to make that Daily Candle close at the time of the day that you will be available for 10-20 minutes. You can also do the same for 6, 8, or 12 hour candlestick charts and just observe the candle closes that suit your schedule. As long as it is divisible by 24 you can set them up and then you can offset their close time so that you can maximize your schedule vs amount of close times you can catch. Food for thought.

Theo

PS. If you do decide to upgrade in December then email me before you do so we can trade in your EFX $$$ to put towards it.

 

 

Forum Timezone: America/Los_Angeles

Most Users Ever Online: 45

Currently Online:
2 Guest(s)

Currently Browsing this Page:
1 Guest(s)

Members Birthdays
sp_BirthdayIcon
Today: None
Upcoming: None

Top Posters:

koeart: 545

WeeMee: 354

fxstuntelaar: 185

Generaal_Goudvis: 141

juakali: 82

ChrisW: 81

henkknot: 70

Pepe le Pip: 58

Snejanka: 45

Gj8668: 38

Newest Members:

eslima5

Alexfx101

serpollo

Smallz

taszak

fraizer

fmoultrie

uchenna

Jeanne

Imromar

Forum Stats:

Groups: 5

Forums: 22

Topics: 224

Posts: 2415

 

Member Stats:

Guest Posters: 3

Members: 2259

Moderators: 5

Admins: 1

Administrators: Theo Patsios

Moderators: cesande, glangstaff@shaw.ca, Rob S, theopatsios, sitegroundam

Back to Top
css.php