Balls to the Wall, a 1 minute 1 trade EA

[jth]

Back again
Ended up all 8 pairs were triggered.
Basket TP was hit with 10% $2199.69
detailed report attached
time basket TP reached is 15;38 local time (17;38 broker time)

Regards
JTH

[cuzgeorge]

Jth,
you've whacked it fella.
All with a trip to the hospitals and a trip overseas, no sweat, oh.. and broke the bank while at it also.

This is definately something to set up, check this out people.

I have a feeling in this form we wont be needing slope here.
The basket ensures the probability of a win, and the biggest stumbling block is to accept that there will be some losses along the way. Once you get over that fear, i think emulating this is now the next step.

i noticed GBPUSD was a loser now and again.
Did you ever think of removing that pair, or is there a specific reason for the chosen pairs.?

Thanks jth for sharing your setup with us.
I hope to see how Glenn and the guys did with Slope, but i have a feeling this is going to swing everyone over.
Its realistic and a good calculated method by the look of things.

my results are really starting to fall behind and barely holding on to the profit from 3 weeks before.
I'm surprised i have'nt been taken out yet becuase of the lots sizes. Therefore, coming to the end of testing for this one soon for me, and probably start to set up as a basket trader like jth here.

regards
cuzgeorge

[jth]

Jth,
you've whacked it fella.
All with a trip to the hospitals and a trip overseas, no sweat, oh.. and broke the bank while at it also.

This is definately something to set up, check this out people.

I have a feeling in this form we wont be needing slope here.
The basket ensures the probability of a win, and the biggest stumbling block is to accept that there will be some losses along the way. Once you get over that fear, i think emulating this is now the next step.

i noticed GBPUSD was a loser now and again.
Did you ever think of removing that pair, or is there a specific reason for the chosen pairs.?

Thanks jth for sharing your setup with us.
I hope to see how Glenn and the guys did with Slope, but i have a feeling this is going to swing everyone over.
Its realistic and a good calculated method by the look of things.

my results are really starting to fall behind and barely holding on to the profit from 3 weeks before.
I'm surprised i have'nt been taken out yet becuase of the lots sizes. Therefore, coming to the end of testing for this one soon for me, and probably start to set up as a basket trader like jth here.

regards
cuzgeorge

Hi cuzgeorge,
Thanks for your kind words, but it's early days yet, mind you I am getting very good feelings about this system though.

We will have to see how it will go in the next couple of weeks.

I have noticed again today like yesterday that the basket went to about 9% profit and then reversed and went against me by about -5% today and -13% yesterday and then it hit my basket TP of 10%.

Maybe I should change my basket TP to 9%.
I will keep looking at the trades next couple of weeks and see. At which time I will look for a better Basket TP or just leave it as it. (if the wheel isn't broken why fix it)

Regards
JTH

[cuzgeorge]

Very good idea,. I'm sure we all going to try emulate this one, so get ready for a barrage of questions, hehe.

[jth]

Very good idea,. I'm sure we all going to try emulate this one, so get ready for a barrage of questions, hehe.

Ha ha bring it on.

What I will do in a little while, is explain step by step how I setup my daily trades.

That should minimize some of the barrage of questions.

Regards
JTH

[laharjaya]

jth
which pair ur trade ....

[fxjoe2]

JTH

Most Inspiring to read through your statements....and all this while recovering from an operation that had me cringing. -- Outch!

I for one would love to read through your setup.
Especially how you select the times for the EA to go live and how you manage the basket.

As you said, caustiously getting very excited about this.

Thank you for sharing.

FXJoe

[jth]

Hi Guys,

This is how I trade the Balls to the Wall, a 1 minute 1 trade EA;

1. Make a nice cup of tea or coffee and take a good sip or two,

2. The EA button at the top of the Empty4 should be off so no trade is taken accidentally.
3. To help me I use i-ParamonworkTime indicator (I will attach it below). This shows me on my
chart that time is getting close. and when its time to strike.
4. Just before London open I place all the horizontal lines on the different pairs that I am
using (eurusd, gbpusd, usdchf, audusd, eurgbp, nzdusd, usdcan and gbpchf you could try
your own pairs but this is what I am using) and place the "Trade bias line" quote from the EA
and replace the "Horizontal Line #######" quote in the horizontal line properties on each line
in the different pairs that you are trading.
5. The EA is switched off already. so nothing trades till I switch it on.
6. I then place a trend line according to the rules of Paulus' system
7. All the horizontal lines on all the pairs are placed at the bottom of the direction of the trend
lines. (e.g. if the trend line is pointing up the horizontal line is placed at the bottom of the
box created by the i-ParamonworkTime indicator.
8. You can guess most of the time where to place the horizontal line prior to the London
open and/or New York open. (I only trade the NY open if my Basket TP has been hit proir to
the NY open)
9. At London open I switch on the EA and let the trades roll if they trade that is.
10. I use the MPTM for the basket TP in an new eurusd chart, which is set at 10% (you can
use what % you want.)
11. The EA settings is as it comes out of the box, apart from the criminals start time which is
adjusted to the local gmt for the London Open.
12. The EA percentage stays as it comes out of the box which is 5% (but you can change it to
what you want).
13. The lot size is calculated for you
14. That's it.

Some observations is that the whole basket does go down by 10-20% more often than not. I do not interfere with anything I just let it run and so far it seems to turn into profit.

Regards

JTH

P.S.
the template and the indies are in the zip file below.

[jth]

I hope that the above helps
JTH

[mobthehop]

jth,

thanks for sharing....

If your time permits, could you pick one pair and take screenshots for steps 4, 6 and 7/8.

Would really appreciate that

Mop