- Search Forex Factory
- Al_Have1 replied Mar 8, 2007
ATR — TO, In your opinion, what daily range do you use as a minimum requirement to enter a trade using TKs method?
Part Time Wealth Building Trading System - Daily Scalping
- Al_Have1 replied Mar 7, 2007
Whipsaws — FXN, What tech analysis do you use to predict whipsaws?
Part Time Wealth Building Trading System - Weekly Scalping
- Al_Have1 replied Mar 4, 2007
Don't learn a lesson. Fear & greed are your enemies. Look at the charts. How often do the pairs move like this?
Part Time Wealth Building Trading System - Daily ScalpingYou made a smart move and you will make money while others complain during whips. However, you can always do both. Split your ...
- Al_Have1 replied Feb 24, 2007
Post 623 — BHoliday, So you start over at 1% after you TP? or reset on next day even if no TP?
Part Time Wealth Building Trading System - Daily Scalping
- Al_Have1 replied Feb 23, 2007
Scrat is correct. Trend & volitility are key when choosing a pair. Others can be profitable too but you may want to adjust your SLs & TPs. You can't expect a 100 pip TP if it is expected to move 30 pips. See below (from SFO mag):Average Daily Range ...
Part Time Wealth Building Trading System - Daily Scalping
- Al_Have1 replied Feb 22, 2007
CHA.....CHING!!!!!!!!!!! Thanks for sharing!!! (also had to change the .xml to .xls to view)
Part Time Wealth Building Trading System - Daily Scalping
- Al_Have1 replied Feb 22, 2007
Thanks for your hard work sky! I am running an optimization on your EA and it should be done sometime next week. So far, the results are encouraging. I chose to keep the TP at 100 so it wouldn't take too long. Preliminary results show a SL of 50 to ...
Part Time Wealth Building Trading System - Daily Scalping
- Al_Have1 replied Feb 21, 2007
I use rhythm on a demo and it works well to enter orders while I'm sleeping but it does have issues that prevent me from going live: It does not reset the SL & TP if it TPs or swaps to the next day. It does not remove the SAR if it TPs It does not ...
Part Time Wealth Building Trading System - Daily Scalping
- Al_Have1 replied Feb 21, 2007
Sorry, I should have been more clear. What I mean is this: You open a position at 00:00GMT with a TP of +100, SL of -40 You set a SAR order to execute if the SL is hit at -40 The first order (#1) moves +50 so you move your SL from -40 to -20My ...
Part Time Wealth Building Trading System - Daily Scalping
- Al_Have1 replied Feb 21, 2007
If you move the SL as suggested, would you also move your reverse entry to the new SL?
Part Time Wealth Building Trading System - Daily Scalping
- Al_Have1 replied Feb 20, 2007
Thanks for sharing! A couple of more questions: What would you do to the TP if you are still in on the 3rd bar? Move another 50 for 200 total? If you get a TP of 100 on bar (day) one, do you start over with a +100 or +50 TP on bar 2?Thanks again for ...
Part Time Wealth Building Trading System - Daily Scalping
- Al_Have1 replied Feb 20, 2007
Exit Strategy — TK, please explain your strategy for this. I mis-understood and thought you closed out your whole position at +100. Are you pulling some off at +100 and more at +150. Do you still have some open? How much of your lot do you ...
Part Time Wealth Building Trading System - Daily Scalping
- Al_Have1 replied Feb 19, 2007
Yes, it has gotten confusing. There are lots of posts to sort through. Try posts 411-413. The only changes I've read from TK on the original are the 100 pip TP (and out for the day), and I think he was testing a 50 pip SL on G/Y, but he might be ...
Part Time Wealth Building Trading System - Daily Scalping
- Al_Have1 replied Feb 19, 2007
No. You mis-understood. TK does not enter a new trade on a TP. He sits out until his next entry on the following day. And he certainly does not reverse on a TP. He does not go against the trend or momentum. Your EA will smoke once you make this ...
Part Time Wealth Building Trading System - Daily Scalping
- Al_Have1 replied Feb 18, 2007
TK, who do you use for your data on MT4 (or other charting program)? I have looked at FXDD, Alpari, IBFX, FXCM and all show a slight down day on Fri. Thanks!
Part Time Wealth Building Trading System - Daily Scalping
- Al_Have1 replied Feb 17, 2007
EA — Skyline, Thanks again for your hard work. Your EA ROCKS! If you have some free time, is there any way to add the following to your code: User input for a reversal after x trending days (default of 3). True/False to stay in the trade (not ...
Part Time Wealth Building Trading System - Daily Scalping
- Al_Have1 replied Feb 16, 2007
Very true. But, how many +100TPs will you miss by letting it ride? Actually, I have found a +200TP to be more profitable on GY & GU. 400 is very rare. And if you got in at 00:00, you would have 3 stops to get there (still a nice run though). Some ...
Part Time Wealth Building Trading System - Daily Scalping
- Al_Have1 replied Feb 16, 2007
You can do that with the EA. Open two charts, same pair, same time, add EA to both with different magics. Make chart1=TP+50, chart2=TP+100. Split your lot.
Part Time Wealth Building Trading System - Weekly Scalping
- Al_Have1 replied Feb 15, 2007
Would you please explain which charts to put this on & why? For example: I read somewhere that it needs to be on a 1 hr chart to trade daily. Is that true? What about weekly? Many thanks for all your hard work on this!
Part Time Wealth Building Trading System - Weekly Scalping