I hear ya brother, all i have to say is, OMG...lhDT wrote:NB 10.4 Still rocking. We should rename that method to "MMM" (money making machine) or "Cash-O-Tron"
Most of those trades has been triggered yesterday. All based on 240, RSI2 and a manual trendline (I skip trades where I can't draw a clear & precise trendline)
Happy !
Same here. I really liked the concept of moving both SLs to BE after entering the second trade. Unfortunately, practically it does not work. This week all my trades were stopped out at BE ...sponn wrote:One quick question. According to 10.4 manual we should move SL to BE right after second (and every next one) trade opened. I have got some nice setups on last few days - with two orders opened and 90% of them (except one e/aud) were closed on BE...
I know that this way system is very stable and has got very small amount of loses but in the other hand most ot these trades were go for their TP just after (or couple of bars after) my close at BE.
Any thoughts about this ?
That's allright, you only need 1 or 2 pairs à week to pul through to get 5-6% gain.gms wrote:Same here. I really liked the concept of moving both SLs to BE after entering the second trade. Unfortunately, practically it does not work. This week all my trades were stopped out at BE ...sponn wrote:One quick question. According to 10.4 manual we should move SL to BE right after second (and every next one) trade opened. I have got some nice setups on last few days - with two orders opened and 90% of them (except one e/aud) were closed on BE...
I know that this way system is very stable and has got very small amount of loses but in the other hand most ot these trades were go for their TP just after (or couple of bars after) my close at BE.
Any thoughts about this ?
Gary
but next week, I'll be diversifying slightly and I'll let you know how I get on. 
Take a step back if you need to, give yourself a day off, clear your head, and think about what you may be doing wrong. Re-read Bob's manual and posts on this thread. If you're serious about Forex, then you are in this for the long term, so turn every negative into a positive. Be realistic about your goals, and set achievable targets. Also this week was a pretty rangey week imo - all moves (until today) were fairly small. Last week I had far less stopped out.Gertje wrote:That's allright, you only need 1 or 2 pairs à week to pul through to get 5-6% gain.gms wrote:Same here. I really liked the concept of moving both SLs to BE after entering the second trade. Unfortunately, practically it does not work. This week all my trades were stopped out at BE ...sponn wrote:One quick question. According to 10.4 manual we should move SL to BE right after second (and every next one) trade opened. I have got some nice setups on last few days - with two orders opened and 90% of them (except one e/aud) were closed on BE...
I know that this way system is very stable and has got very small amount of loses but in the other hand most ot these trades were go for their TP just after (or couple of bars after) my close at BE.
Any thoughts about this ?
Gary
Those BE trades prevent losing money.
I plan to evaluate all last weeks trades this weekend, and see where I can improve. One thing I'll look for is taking profit for #1 trade at the 3th level and let the other 2 roll for eather BE or AO-colour change.
At THE moment I have 11 pairs open with 7% floating profit and am waiting for ITM to close these.
Its been the same for me for this week and last week so in all for the last 2 weeks I'm pretty much b/e. Its been frustrating because some positions have been in really good profit but they've turned against me and taken b/e stops for the 1st and 2nd positions. I've stuck with only the 2 positions up to now until i get a sense of confidence about what I'm doing. My trade management is letting me down since I have been doing it manually. I've been unable to run the ITM EA because i tend to hibernate my machine and pack it away when not at my desk rendering the EA useless (as far as I understand). Does anyone know of a way around this?sponn wrote:Most of great looking trades turned around and hit BE for me...
Hi CJ, if your budget allows, having a VPS (virtual private server) is a great addition to your trading setup. It means your Empty4 platform is constantly on and frees up your own computer/laptop. Just a thought.cjthomson wrote:Its been the same for me for this week and last week so in all for the last 2 weeks I'm pretty much b/e. Its been frustrating because some positions have been in really good profit but they've turned against me and taken b/e stops for the 1st and 2nd positions. I've stuck with only the 2 positions up to now until i get a sense of confidence about what I'm doing. My trade management is letting me down since I have been doing it manually. I've been unable to run the ITM EA because i tend to hibernate my machine and pack it away when not at my desk rendering the EA useless (as far as I understand). Does anyone know of a way around this?sponn wrote:Most of great looking trades turned around and hit BE for me...
