Big Profit Without Using Any Indicator - page 3
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just want say, hello
I have traded successfully w/o using a system, by gauging the "feel" and "mood" of the market, and going in the direction of the trend. But, when there is a re-racement I am usually caught off guard.
I would like to find a correlation system which compares the late historic currency values and plots crossing indicators and a histogram which which would plot a strength vairable of the base currency, probably the EUR.
Has anyone used this kind of indicator, or does anyone have ideas about how to get such an indicator written?
Good to be with you fellow FXers.
TGW
Hi everyone,I have made too many systems myself, most of them don't depend on indicators, I'll explain one of them here now, it is very simple, and profitable most of the time, please note that there isn't a 100% profitable system At 10PM GMT check for the high and low prices for this hour for GBP/USD for exampleThe high was 1.9884 and the low was 1.9865 All you have to do is to choose the 1.9865 which was the low of the hour and add 10 pips to it, so it will be 1.9875 This is your buy entry order, so you place a buy entry order @ 1.9875your target is 60 pips which means 1.9935 and SL is 1.9835, you need to use trailing stop 10 On the otherside you place a sell entry order as follows, add 40 pips to the buy entry order = 1.9875 +0.0040 = 1.9915, this will be your sell order So Sell entry order @ 1.9915 TP (60 pips) = 1.9855 SL (40 pips) = 1.9955, you need to use trailing stop 10 If the buy order is executed and didn't reach the 40 pips, this means that the sell order won't get executed, so you need to add a rescue sell order the stoploss of the buy order which was 1.9835 So rescue sell entry order will be @ 1.9835 TP (60 pips) 1.9775 SL (40 pips)1.9875 All opened orders to be closed before 10PM GMT next day, which means no order to exceed 24 hours, no rollover I usually use 5 lots for each order These are the results for this system since 1st of May 1st of May: Buy order got profit of 60 pips (reached target)Sell order got profit of 55 pips (closed at 10PM GMT)Total P/L of 1st of May = +115 pips x 5 lots2nd of MayBuy order reached stop loss = -40 pipsRescue Sell order got profit of 60 pips (reached target)Total P/L of 2nd of May = 20 pips x 5 lots3rd of MayBuy order reached profit of +48 pips but declined back (Using Trailing stop) so closed @ break even = zero pipsSell order got profit of 60 pips (reached target)Total P/L of 3rd of May = 60 pips x 5 lots4th of MayBuy order reached profit of +60 pips (target is reached)Sell was closed before 10PM GMT with loss = -18 pips Total P/L of 4th of May = 42 pips x 5 lots Total profit for my system since 1st of May = 115 + 20 + 60 + 42= 237 pips x 5 lots in 4 days To check my results check the historycal hourly data for the 4 days above This system needs too much development, this is not the final setup of it, but the good thing of it that it shows profit Some days it shows +120 pips (Buy + Sell orders reach target) it doesn't happen too much It also shows -120 pips (Buy + Sell + rescue sell order reach SL) which happens rarely, I can call it a super whipsaw day, but since it might happen so I'm working on this issue to develope the system Sometimes targets for Buy order and sell orders are reached but after reaching the stop loss first I'm trying to inform you with all the positive and negative things of this system. You can backtest this system using Historycal hourly data from the following link Finam Russian Brokerage Company
Hello Pino2
I discovered your method a llitle bit late 2 month and a half later.
It is exactely what I am looking for , very simple and working.
Do you have others systems to show ?
Thank for every things
Robert
Hello to every one
My orders for today were as followsBuy entry order @ 1.9940 TP 2.0000 SL 1.9900 (Trailing stop 10) P/L = zero pips closed at breakeven (prices went up and reached 40 pips but then went back down againSell entry order @ 1.9980 TP 1.9920 SL 2.0020 (Trailing stop 10) P/L at the moment is +55 pips, if it didn't reach the 60 pips within the next 1 hour I will close it at market priice, since I don't keep open orders to next day
Hi pino, how is going ur system? Do u have something new in your rulles?
Marko
i try blessing system for 2 days ago. i think we must remember the basic : elliott wave-->> impuls & correction. i try it in GBPUSD with real acc in marketiva. hope it profitable.
sorry my english not good but i try do better.
Hi everybody,
I am participating for the first time, here, trying to find out what it is all about.
Hi Pino 2
What is NFP?
Hi Pino 2 What is NFP?
non-farm payroll
am really feeling so lucky to find out about this forum. am starting now to read max about trading forex, hope i'll be helped & be able to help