ForexMorningTrade System

[richierich1976]

could do with breaking 1.5788. My break even level would be 5783

 

[oldie]

Ha -- like minds

One problem ... some would go back to being "newbies" :clap:

Could not help myself ... guily of adding more dribble

Very good suggestion by Bluedancer

 

[GilR]

Very good suggestion by Bluedancer

WE must be bored ... :idea:

 

[GilR]

Those gaps are like magnets

 

[bluedancer]

Very good suggestion by Bluedancer

the girl likes it to go pretty... down south

 

[ihelfman]

BE hit.

 

[GilR]

:clap:Your wish has been fulfiiled -- thank the forex gods

 

[bluedancer]

Yes well we are following an intelligent system with intelligent luck :clover:

 

[bluedancer]

I closed at GU at 30 pips, but I also took a sell on the eur usd at 1.3756, there is room for a bigger drop on both pairs, we'll see.... glad to share the trade with you guys.

 

[suresh3101]

Iam out with +35pips..
More than Happy!!
Cheers!!

 

[fluegel]

Hit +40-pip TP!
Really a nice trade today. Thanks Mark! :clap:

 

[jacquespienaar]

Another 40 pips! Yeeha!!!

 

[markfric]

4th October - SHORT
Entry: 1.5798
PT: 1.5758
P/L: + 40 pips

 

[nitethinker]

Yep +40, good start for the week.

 

[richierich1976]

Hi Mark, Have you tested the system using a stop of say 20 pips? and why the 40 pip stop and 40 pip target?

 

[markfric]

Hi Mark, Have you tested the system using a stop of say 20 pips? and why the 40 pip stop and 40 pip target?

yes, I tested various settings, and 40/40 came out as the best in the long term.
It is not a holy grail though, I know some people use 35 pips SL/PT.
20 pips would be too tight in my opinion

 

[richierich1976]

yes, I tested various settings, and 40/40 came out as the best in the long term.
It is not a holy grail though, I know some people use 35 pips SL/PT.
20 pips would be too tight in my opinion

Thanks for the response. Just looking at getting a better risk reward that 1:1

 

[alps007]

Hi Mark,

I see here that you have changed your strategy to now moving SL to BE at +24pips. Did you make this decision based on the results for September only or is it true that moving SL to BE would provide many many pips in the lng term. Has there been any backtesting done on the difference in perofrmance by using SL 40 and TP 40 and no breakevens and usng the breakeven at +24?

Secondly since I dont trade with MT4 the EA is of no use to me. can someone please nexplain to me how I can set up an alert so that when price is at +24 my computer bleeps so that I dont have to stare at the computer.

+40 hit today by the way.

Thanks

Alps

 

[Smiffy42]

Hi Alps,
Try this mate.
View attachment Breakout Alert.mq4

 

[Smiffy42]

OOps...just realized you don't use mt4, my bad.
Which charts do you use?
(i will leave the mq4 up...it may be of some use to the rest of you).