Best free oil trading systems

oildaytrader said:

Those looking for a free method system will find the following systems useful to develop a method to suit a trader's own risk tolerance and trading style.

1)The A C D method is a good start.Although the method is obsolete , it will be useful for those who can update it for current market conditions.traders do not have to buy the book or subscribe, all the information is discussed on various sites including this one.

http://www.thelogicaltrader.net/chapter.pdf

http://www.thelogicaltrader.net/book.html

2)The MACBOS oiltrading system

Still the best free system .
http://www.forex-tsd.com/expert-advisors-metatrader-4/10794-oiltrader-oilfxpro-macbos-system.html

Click to expand...

piparb said:

Very nice entry with this system , thank you oildaytrader....
I got a stepanalyser in MQL4 with timemesuring funktions .....:smart:

Click to expand...

oildaytrader said:

Make adjustments to stop loss and pips for entry when oil price goes higher.The system was originally tested at $50, now oil is $80 , that is 60 % more cents volatility , if percentage volatility remains the same.If original stop was 35 ,it now needs to be 60 % higher ,i.e 56 cents (50 will do).

Always use sound money management i.e trade no more than $2 per point on $10,000 account size.

Click to expand...

piparb said:

I don`t stop , because nothing can stop me.....

Click to expand...

oildaytrader said:

More clues about what to look for

http://highprobability.blogspot.com/2008/04/how-to-trade-energy-stocks-and-oil.html

Ideas for Trading Crude Oil Futures

http://www.moneyshow.com/trading/Trading_Ideas.asp?aid=TradingIdea-15334

Click to expand...

piparb said:

I could not set a stoploss , because the spikes are faster than the stop ....:-0
My special spike strategies are without stoploss and work very well...:cheesy:
last 3 days 150 -250 pips in a few minutes .....:clap:

Click to expand...

oildaytrader said:

One day it went down 700 cents within 2 hours.So always try and have a stop

Click to expand...

piparb said:

Nice 700 down 350 up again .. so I buy 3 times more after 700 and get by 50% retracement -350 +1050 = +700 ...:smart:
The same win , direction is not nessesary ......
They call it Martingale or Zubconite strategie , it works very well for me ...

Click to expand...

oildaytrader said:

I normally like to get in before volatility breaks out, once my preferred entry zone and time is missed, its too dangerous after volatility breakout beyond asfe entry zone.I also like to see behaviour of related intermarkets like euro/usd.

Click to expand...

piparb said:

I wait until the breakouts reach a maximum level and set against .....
The first move is mostly wrong = false breakout ......
So I trade better after the long spikes , that is the reason , why I don`t need to stop out. Sometimes when I trade bullsh!t on a bad day , I also stop out by hand with the
PC switch on /off ....:cheesy:
That is better than to be a stophunterslave of the programm ....

nice trading :clover:

Click to expand...

Nostradamus359 said:

very nice practice, as one lady told me long time ago...go out and relax and don't worry...probably your tactic is better

Click to expand...

piparb said:

I wait until the breakouts reach a maximum level and set against .....
The first move is mostly wrong = false breakout ......
So I trade better after the long spikes , that is the reason , why I don`t need to stop out. Sometimes when I trade bullsh!t on a bad day , I also stop out by hand with the
PC switch on /off ....:cheesy:
That is better than to be a stophunterslave of the programm ....

nice trading :clover:

Click to expand...