10.3 SCALPER/RANGE TRADE SYSTEM

[nanningbob]

12 Weeks of no SL hits, all trades taken in the 10.4 system will profit or break even during a trend run. Working on range trading part now.

I envision 10.4 of setting your pending trades on Monday and then monitoring them during the week until it BE or makes a nice profit. I will be teaching how to do multiple entries into the trend. So if you play 1/2% risk that will be your biggest loser but with multiple entries you increase to 1% with the 2nd entry. With the 2nd entry the first entry is in profit and the SL is moved to breakeven when you enter the 2nd. After that you cant lose but you can increase the amount of percent increase. With a 3rd entry the SL moves up to BE again and now you have 3x the lot sizes playing but no risk of loss. This increase of lot sizes without risk of loss is what will make the Money Management the high point of this trading system.

Range trading can also be done with the same system but you wont get the mutiple entrries like the trend. You will get one and possibly 2 entries and then to the TP point or the BE point. There is also a greater chance of SL. The lot sizes will be bigger here because you are closer to the 240 line and that will offset not running the more multiple entries.

That is what I will be working on all weekend. Classes end at noon and I am off for 3 weeks. This is on the top of my agenda. See the monthly chart below of the 4H chart.

[nanningbob]

The 10.3 system will remain on the 1H charts and lower. I will stick with the one system that uses the NY close to set the pivots. I will probably change the 10.2a signal to the 10.4 signal for consistency. This will ensure you are trading with the long term trend with 10.3 also. There will be fewer trades however, but they should be better higher win percentage trades.

Steve and Baluda are working on the appropriate indi and EAs for this. 10.4 will be built almost entirely on pending orders however. Hopefully it will have its own special MPTM just for the system. Back to a movie for me, hopefully you will be bored to death by this system. Set your pending orders and wait. 10.3 will be for those who are bored out of their minds and want something to do.

[kwanann]

Thanks Bob, looking forward to trying out 10.4

Just had a horrible moment, made some changes in one of the EA, recompiled and Empty4 took the EA's default settings rather than those that I've set, and it made trades with lot sizes that its not supposed to take :'(

Almost wiped out the gains from my USDJPY trades, shall leave it and see how it goes, hopefully it doesn't hit the SL

[morgb]

The 10.3 system will remain on the 1H charts and lower. I will stick with the one system that uses the NY close to set the pivots. I will probably change the 10.2a signal to the 10.4 signal for consistency. This will ensure you are trading with the long term trend with 10.3 also. There will be fewer trades however, but they should be better higher win percentage trades.

Steve and Baluda are working on the appropriate indi and EAs for this. 10.4 will be built almost entirely on pending orders however. Hopefully it will have its own special MPTM just for the system. Back to a movie for me, hopefully you will be bored to death by this system. Set your pending orders and wait. 10.3 will be for those who are bored out of their minds and want something to do.

Bob enjoy your movie #boringisgood

[nanningbob]

If you have not seen the Movie 'Lincoln‘ done by Spielberg you need to go see it. Very well done, enjoyed it immensely. For those of you who dont know me I am a teacher/administrator and History is my minor so I love a good history movie. Anyways back to trading.

[mobthehop]

NB, thanks for your continued efforts to develop "the system"....

As the thread gets kind of long and convoluted (with all due respect to all participants), may I ask you to already open a new thread for 10.4 at this stage to keep the relevant information / thought processes in one place...

Much appreciated - and like to wish you, your family and all Asian forum members Xing Nian Kuai Le / Going Xi Fa Cai

Mop

[nanningbob]

NB, thanks for your continued efforts to develop "the system"....

As the thread gets kind of long and convoluted (with all due respect to all participants), may I ask you to already open a new thread for 10.4 at this stage to keep the relevant information / thought processes in one place...

Much appreciated - and like to wish you, your family and all Asian forum members Xing Nian Kuai Le / Going Xi Fa Cai

Mop

That is the one 7 posts before. It is the one to keep your lot size and positioning proper to your account size. Live to trade another day. 10.4 will be strong on MM. When you do multiple entrances that is the key component to multiple trades.

[nanningbob]

10.4 will hve its own thread and what will be posted will be a final edition. There maybe an occasional update if some indi is improved or correction is needed but I expect 10.4 to be my ultimate trading system. Of course people will be able to adapt it to their styles but it will be a complete system in and of itself. 10.3 part may get some future modifications but I think it will stand on its own at this point also. Ialso plan on posting my trades every week so everyone will know how I am trading at least at first.

[nanningbob]

10.4 will hve its own thread and what will be posted will be a final edition. There maybe an occasional update if some indi is improved or correction is needed but I expect 10.4 to be my ultimate trading system. Of course people will be able to adapt it to their styles but it will be a complete system in and of itself. 10.3 part may get some future modifications but I think it will stand on its own at this point also. Ialso plan on posting my trades every week so everyone will know how I am trading at least at first.

[xrismak]

10.4 will hve its own thread and what will be posted will be a final edition. There maybe an occasional update if some indi is improved or correction is needed but I expect 10.4 to be my ultimate trading system. Of course people will be able to adapt it to their styles but it will be a complete system in and of itself. 10.3 part may get some future modifications but I think it will stand on its own at this point also. Ialso plan on posting my trades every week so everyone will know how I am trading at least at first.

Bob,
Thank you very much and I am waiting like a Hawk for 10.4 and do have yourself a Very Merry Holiday with loads of Rest, Hey Kwannan I haven't forgotten about you yet, the PM will come soon, just waiting to see what Friday is going to be like then I will be in your PM with that thing I promised you, it ain't money so don't get any High Hopes just something to help both of us a little...with a few trades..... hahahahahahahaha.

Happy Trading Y'all,

xrismak