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10.4 A Complete System
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Author:  Gertje [ Tue Jun 04, 2013 2:08 pm ]
Post subject:  Re: 10.4 A Complete System
nanningbob wrote:
Gertje wrote:Bob,

Where will the JPY-pairs stop next week in your opinion?
Will last months high be broken?
I posted that info on Sunday.
Sorry, must have overlooked.
Will look back and find it.

EDIT: found it, and had read it. Was looking for a number to hold on to.... :)
Author:  Baluda [ Tue Jun 04, 2013 2:26 pm ]
Post subject:  Re: 10.4 A Complete System
nanningbob wrote:I will have a 10.4 version ready if the CSS, our version of RSI2 and our version of pivots gets banned by MetaQuotes. I already have a replacement set up. It will work but you wont get that info page like we do now. So it is ready in case the worst case scenario happens.
Why would MetaQuotes ban CSS? I know something is going on with MetaQuotes/Empty4 but I do not know what. Could somebody point me in the right direction (site? forum? thread?)

Thank tou.

Paul
Author:  nanningbob [ Tue Jun 04, 2013 2:35 pm ]
Post subject:  Re: 10.4 A Complete System
Baluda wrote:
nanningbob wrote:I will have a 10.4 version ready if the CSS, our version of RSI2 and our version of pivots gets banned by MetaQuotes. I already have a replacement set up. It will work but you wont get that info page like we do now. So it is ready in case the worst case scenario happens.
Why would MetaQuotes ban CSS? I know something is going on with MetaQuotes/Empty4 but I do not know what. Could somebody point me in the right direction (site? forum? thread?)

Thank tou.

Paul
Its third party software they are going after. I dont think it will affect your indies but I am prepared just in case. Steve sent an email out Sunday with a thread to discuss the issue. If you go to MetaQuotes home page you will see discussion on it. Most forums have something. I posted a note a couple of days ago on this thread and connected it to a story.
Author:  spillini [ Tue Jun 04, 2013 3:38 pm ]
Post subject:  Re: 10.4 A Complete System
After entering 4 pairs Sunday night:

EUR/GBP Long
AUD/JPY Short
EUR/CAD Long
EUR/AUD Long

I was drawn down quite a bit last night. Stuck to my Guns and I am now up 10%. Limits were hit on EUR/CAD & EUR/AUD at 1.3524 and 1.3541 respectively.

Still open on Aud/Jpy with T/P @ 95.56 AND eur/gbp @ 85.70 LOOKING FOR THAT 20% FOR THE WEEK.

BTW: Got stops pulled up so I can only go to +5% for the week....Im not stupid...LOL

Jim
Author:  Wavegarrick [ Tue Jun 04, 2013 6:36 pm ]
Post subject:  Re: 10.4 A Complete System
Hi Nanningbob for the first time in my wretched trading career I am getting on the right side of the trend and that thanks to your system. Even if I go into draw down the trades still come back into a profit. I don't say that I don't close losing trades. I do. Very importantly your system requires patience, patience and that I refer to the gentleman that lost his account. It is no good to sit at the computer all day and try and trade. Look for opportunities and place orders and walk away.
Author:  Gertje [ Tue Jun 04, 2013 7:01 pm ]
Post subject:  Re: 10.4 A Complete System
A lot of people see DD as the worst thing in trading.

The way I look at it is that the trading is like an athlete. To make a high or far jump, a athlete needs to take some distance back, and then after a sprint make the jump for the medal.

In trading, the DD is the distance, and the trend is the track where the price makes the sprint to claim the medal at the TP.

So DD is actually a necessary part of trading.
Author:  Wavegarrick [ Tue Jun 04, 2013 7:23 pm ]
Post subject:  Re: 10.4 A Complete System
Great Answer Gertje
Author:  Zennor [ Tue Jun 04, 2013 10:06 pm ]
Post subject:  Re: 10.4 A Complete System
nanningbob wrote:
Baluda wrote:
nanningbob wrote:I will have a 10.4 version ready if the CSS, our version of RSI2 and our version of pivots gets banned by MetaQuotes. I already have a replacement set up. It will work but you wont get that info page like we do now. So it is ready in case the worst case scenario happens.
Why would MetaQuotes ban CSS? I know something is going on with MetaQuotes/Empty4 but I do not know what. Could somebody point me in the right direction (site? forum? thread?)

Thank tou.

Paul
Its third party software they are going after. I dont think it will affect your indies but I am prepared just in case. Steve sent an email out Sunday with a thread to discuss the issue. If you go to MetaQuotes home page you will see discussion on it. Most forums have something. I posted a note a couple of days ago on this thread and connected it to a story.
Bob, even if worse comes to worse the ban will only effect live accounts from what I have read, so nothing to stop us putting indies on demo and trading live.. Simples, if true.
Author:  tibochina [ Tue Jun 04, 2013 10:20 pm ]
Post subject:  Re: 10.4 A Complete System
Maybe someone can clear this up for me. On the CSS info page should ignore future be set to true for both time frames? True shows sharper angles than a false setting.
Author:  nanningbob [ Tue Jun 04, 2013 11:18 pm ]
Post subject:  Re: 10.4 A Complete System
Gertje wrote:A lot of people see DD as the worst thing in trading.

The way I look at it is that the trading is like an athlete. To make a high or far jump, a athlete needs to take some distance back, and then after a sprint make the jump for the medal.

In trading, the DD is the distance, and the trend is the track where the price makes the sprint to claim the medal at the TP.

So DD is actually a necessary part of trading.
To everything there is an equal action and reaction. DD is a sometimes neccesary evil of Forex. However, like everything else in trading it has to be managed properly. You cant excuse DD just because you took bad trades and wont close losers out. You have a set of rules that you enforce. For example no trade gets bigger than 1 or 2 or 3% of the account so you close it. OR this is the one I practise if my account hits 10% DD I wont take anymore trades or I will reduce my lots sizes in my trading and if it ever gets to 20% I will take action and close at least 3-7% of the trades down depending on my ananlysis. Then when I clean up that mess I go to smaller lots sizes. MM is always the keyd to managing DD.
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