10.4 A Complete System

[rebyte2]

This is my pick for the coming week.

EURAUD is in a strong downtrend, with nice entries on pull backs.

RSI (2) is 'telling' us to place pendings for the next leg down.

Also have EURCAD and EURGBP on my alert.

Cheers... Roscoe

PS... Have a great St. Patrick's Day to all those crazy Irish buggers.

Nice gap down this morning, so exited this short at 1.2458....

Entry was 1.2612

Will wait for pullback for another crack at the sells.

Awesome way to start off the week.

[nanningbob]

This is my pick for the coming week.

EURAUD is in a strong downtrend, with nice entries on pull backs.

RSI (2) is 'telling' us to place pendings for the next leg down.

Also have EURCAD and EURGBP on my alert.

Cheers... Roscoe

PS... Have a great St. Patrick's Day to all those crazy Irish buggers.

Nice gap down this morning, so exited this short at 1.2458....

Entry was 1.2612

Will wait for pullback for another crack at the sells.

Awesome way to start off the week.

I was walking outside and thought I spotted a 4Leaf clover but alas my laddy no such thing. Laddy is Scottish isnt it. Oh well.

[mjws00]

First stop of the week. Money management is strict 2% on a 5K account. Entries by the EA which uses the stoch model. It took a very large position as we are so close to 240. This is not really that cool. But I am flowing with it for now. I may just size for a minimum ATR stop or something. Big when we are close to 240 and have maximum chance of getting stopped may not work well. It will pay handsomely when the trend resumes.... have to play it out and see.

Position entered on a Sunday, using last weeks pivots. It is a classic peeker, with immediate retrace. No chance to save it. It also occurs after a massive gap. SO if we had sized it smaller and let it breathe around the 240, there is a decent chance we may see the gap close and at worst a small profit.

I am not picking and choosing, as I want a fair picture of expectancy on the entries. I will manage them if they make it into profit. Otherwise the SL is there to let them breathe, the risk is known.

It almost survived, but not quite. Time to analyze some by the rules losers.

Mike

[mjws00]

I modified Andy's ea, so it allows me to manage the trades after entered. It doesn't seem to catch all possible entries, but it is better than I would do. Max drawdown has been 3% with 7 trades open. I will massage it a bit and try and catch most or all legit trades.

[rosst]

First stop of the week. Money management is strict 2% on a 5K account. Entries by the EA which uses the stoch model. It took a very large position as we are so close to 240. This is not really that cool. But I am flowing with it for now. I may just size for a minimum ATR stop or something. Big when we are close to 240 and have maximum chance of getting stopped may not work well. It will pay handsomely when the trend resumes.... have to play it out and see.

Position entered on a Sunday, using last weeks pivots. It is a classic peeker, with immediate retrace. No chance to save it. It also occurs after a massive gap. SO if we had sized it smaller and let it breathe around the 240, there is a decent chance we may see the gap close and at worst a small profit.

I am not picking and choosing, as I want a fair picture of expectancy on the entries. I will manage them if they make it into profit. Otherwise the SL is there to let them breathe, the risk is known.

It almost survived, but not quite. Time to analyze some by the rules losers.

Mike

Seems like the first entry would be at 1.4295 ??? And even there no RSI flat line but this pair is always kind of tricky!

[mjws00]

The entry was at 1.4275 which was WR1, on SUNDAY. The broker is Cowboy IBFX to match Bob. As mentioned above and in the picture, the stoch template gave a clear entry signal. We will see a lot of trades like this. We will learn to avoid them, or just accept that it is 1 out of 100 and the system still has massive positive expectancy and we lose more by skipping signals than by just taking them.

I agree it is a somewhat useless trade. But if you have to rely on discretion, or Bob to post something to keep you out of a trade, then the system needs a tweak. Were I trading this more conservatively, I would have reduced size. And given it one level of room around the 240, so it would have space to bounce. I didn't read that anywhere in the manual.

To me we need a much larger sample size, not cherry picked trades by expert traders. I intend to find the conditions where I can trust this thing, just place the pendings and let it fly.

[chye]

my running trades,what about yours?

[cmeade2]

Not sure that UsdCad and UsdChf are valid 10.4 trades.

my running trades,what about yours?

[TraderDesk]

First stop of the week. Money management is strict 2% on a 5K account. Entries by the EA which uses the stoch model. It took a very large position as we are so close to 240. This is not really that cool. But I am flowing with it for now.

Hi, what I do when price is close to the 240 line is to put my S/L at a mid-level support or resistance line that is beyond the 240ma. This helps me to avoid ranging markets until price action decides where it wants to go. I don't do this blindly but when I feel that price will dip below/above momentarily have a S/L at the the next level helps to avoid losses...

[Gertje]

AUDCHF and CADCHF closed for BE already.