Here are exits for discussion please.
Best wishes.
Best wishes.
Hercs
Woodies CCI with a 5 min scalping 50 replies
1M & 5M Scalping System (Scalping Paradise) 21 replies
Blackdiamond System - Awesome scalping system (Coding Reqd) 9 replies
Scalping techniques on 1 Min chart 26 replies
15 min indicator on 5 min chart 3 replies
DislikedThanks please post pics using FX Prime this template might confuse alot of people. This is NOT FX PRIME folks this is just an rsi example of hercs system.
Please stick to FX PRIME TEMPLATESIgnored
DislikedHi there,
Well I think by starting a new Thread will be like kicking CD in the teeth, won't it? I mean how would you feel if you were in his position? He started a Thread and we should help him through it.
I trade differently to him, but I have done an unbelievable amount of research into both the RSi and CCi and I am always keen to learn more from people that have done some research in these fields. It seems that I can actually add value to this Thread although I will not change my Method significantly.
Thanks for the thought anyway.
Best wishes.Ignored
DislikedHere are the scripts I promissed. They will enter trades using a predefined s/l and t/p while using money management.
Insert in scripts folder, and ad a hotkey to them if you like.Ignored
DislikedHey so the primary exit is a crossover of the smoothed heikin ashi? Also I noticed the initial stop loss is 10 pips, would a volatility based stop loss work better? Like some multiple of the average true range?
More on this later... brb
The idea being to cut your losses short and let your profits run or at least have a risk/reward ratio combined with an accuracy ratio that gives you a positive expectancy. Like having R/R of 1:2, and accuracy of 50% gives you consistent gains.
Any more thoughts on Exits?
I have read most of this thread but not all so if there's something else on exits on another page let me know! I love exits more than entries. Ever hear the story about the guy in the CBOT pits that used an antenna connected to aliens on mars who gave him entry signals and made money consistently...? Everyone thought he was a kook, but he knows exactly what he was doing. He just simply cut his losses really short and let his profits run and followed the trend.Ignored
DislikedI 100% agree with you mabenn...I love exits so much more than entries.Ignored
DislikedI 100% agree with you mabenn...I love exits so much more than entries.Ignored
DislikedHello there Hercs,
The only reason for my comment was to stay on track on this thread ... your templates and system deserve some discussion, but to discuss it on this thread may create some confusion for some traders as the two systems are not similar. Another approach might be to relate your CCI and RSI research to the FX Prime approach.
I'll be quiet now.
Cheers
CanuckCTIgnored
DislikedI liked this but I took out the order box confirmation, 1 hotkey entry, or drag onto chart, and open trade.Ignored
DislikedTalk about your exits and money management strategies
103 pips my god show us how you do it! charts please!Ignored
DislikedNo need to be quiet, my friend. OOPS, I did not realize that the original Post started out with reference to \"FX Prime\" and I see people are saying............\"back to the original FX Prime approach\"; so your suggestion may be a valid one.
Based on that I will not post my exit strategy here until I made my final decision.
You are right about the confusion and I will reconsider over the weekend.
Have a great weekend.Ignored
Dislikedthis doesnt work for me. Nothing happens when type the hotkey assignet...Ignored