10.7

[freeman]

May I please know
1) The TMA that you use?
2) what time/s (GMT) you check your Daily charts?
Thanks in advance.

Hi,

I use the standard TMA, 50period, 100ADR. Enter every 50pips from one line to the other and then back again. I check my charts too much, once a day should suffice.

I wouldn't recommend trying to copy this "method", DD is really, really bad.
I'm trying to get out of the DD at the moment, if and when the market allows me. After that I will resume trading more or less the same way, but with lower lotsize. If my current lotsizing gives me appr. 80+% monthly with 75%DD, than 1/5th of the lotsize should give 15+% return with 15%DD.....
[At least in theory]

I added MPTM last week to set BE+5 on every trade that goes 80pips in profit, to reduce DD when price retraces. This way I have a max of 2 open orders in DD. I first tried this at 50pips, but was stopped out too often on smaller retraces. I'm thinking about putting a 100pip SL as well, so the 'damage' once price makes a 180 is limited to 200pips.

Thanks very much Gertje.

May I pls know the higher and lower lot size that you were talking about (the lot size used for these results and the lower size that you are contemplating)?
Also for a person using 10.7 as a daily Indie, what time should one check ones charts (GMT/UTC)?

[James Roscoe]

Not only do forex markets range most of the time, but the ranges are getting tighter, much tighter. I had to see it for myself, but stacking trades is nigh impossible if there is no real movement in the market. The 10.7 concept fixes that.

The case for 10.7.....

[Gertje]

May I pls know the higher and lower lot size that you were talking about (the lot size used for these results and the lower size that you are contemplating)?
Also for a person using 10.7 as a daily Indie, what time should one check ones charts (GMT/UTC)?

I started with 0,01 lots per $1.000 balance, am now werking towards 0,01 per $5.000 balance.
I check my charts regularly, but feel once a day towards marketclose/ rollover would suffice.

[nanningbob]

I posted my final version on page 1 post 1 with explanations added on page 4 of this thread.

[nanningbob]

One person downloaded the update and it had a mistake in it. One indicator will not show up because the name was wrong. You can add the indi or get the corrected update. SORRY>

[fire580]

Thanks Bob for the final version - LOOKS GREAT

[James Roscoe]

There is a Line of Zero on my 10.7 final charts, what is that? Should I be paying attention to that?

[SteveHopwood]

One person downloaded the update and it had a mistake in it. One indicator will not show up because the name was wrong. You can add the indi or get the corrected update. SORRY>

If only I had a dollar for every time I did that or some such, and one person had already downloaded.

Hey ho.

[nanningbob]

There is a Line of Zero on my 10.7 final charts, what is that? Should I be paying attention to that?

The line of zero is useful when you have more than one trade going on a chart. It shows you where the BE line is. In other words that is the 0 line or BE line. If you are a one trade at a time person you will not find the line useful. If you are a multiple trade person it is nice to know where you BE or you will BE on trades you have going.

[spyderman]

3. 10.2/10.4 trades where you entered at the cross of the pivot line but using STO7 confirmation.

Bob,

Thanks again for your fabulous and tireless work. And to the others who contributed so much as well.

On #3, when you mention the STO7 confirmation, are we just looking for confirmation on the LTF, not the Weekly, etc.