this is another set of trades:
- | Joined Aug 2008 | Status: Member | 1,210 Posts
Never sell @ lower upward channel unless breacked and vise versa .
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DislikedThank you....because I can add compound returns. I'll be using v1.04b_current.too. Maybe like this...
the premise is to garner as much pent up MOmentum with MTF approach working with closed bars (younger version) in the higher time frames in agreement, setting the trend, and looking for the opposite color in lower time frames for the opposite color, i.e., a pullback or reversal to enter in the direction of the higher trend. Example, M.W and D are in agreement, either red or green...so 4H is the entry candle cause its the first TF with the opposite color. Seems to me, in this example we could switch to v1.04b in the 4 H TF cause maybe its going to change color before the end of the next 4Hr bar closes. That would get us in earlier on a 4H TF. Or, If the 4Hr is also in agreement with the higher TF, proceed TF by lower TF until you find the opposite color or pullback to enter with 1H, 30M 15M or 5M TF as you have pointed out with the advantage of less risk and disadvantage less reward, running into one of your 4 dotted lines. Thank you.Ignored
DislikedHi,
i do not want to start discussion about Brijon and his thread, but I feel that it would be fair to warn people that are now maybe motivated to read about his method,that there are many others who think otherwise . Me personally think that Brijon-s thread was disastrous failure. I believe he is nice person but he refused to take critic in his thread, which is sad, because ForexFactory strength lies in variety of very talented people who can contribute and test ideas with valid arguments. Plain and simply - his method failed and many traders who listened him lost money because he did not used Stop loss at all, and he used to add into losing trades, everything that we should be worried about first time when we see it.
Here is post that i wrote in his thread on start of August, days before big downfall
...... \"However, after doing a lot of my research, i must say that i disagree with you Brian when you say that is impossible to lose if we have enough drawdown space and we are patient enough. I think this is somewhat dangerous opinion. No matter how many sucessfull Kantor trades, there will certanly come potential situation when you will enter a trade, using all Kantor method know-how, all indicators agree, serenity dashboard gives more than 100 LL drawdown, all perfect... Than you enter your trade and wait for market to turn around.... drawdown gets higher but you are patient and ready to wait..... you see that drawdown gets bigger and than you use position averaging to further stabilize position.... after few weeks you discover that point of enterance in trade was point of no return and price market will not get back to save you. Maybe it will in next 7 months but you will be dead as a trader until then. This is not made up as i have expirienced this more than once in tests.... \"
After this post, I was not welcomed in the thread anymore.
One month after, i found his thread closed.Ignored
DislikedDryClean,
I am happy you are having some positive pips.Glad to know you are happy with this system . Stck to the basics
(please read relative strength1 by Es trader to gt basic instruction about how to trade this system).
I have been just using v1.04 of ferrufx indicator and nothing else and SO FAR it has been great.
Welcome again to this forum and hope you find what you are looking for.
Goodluck to you
KrisIgnored
DislikedHi 1Trader2,
You of all people should know that all forums are flooded by newbies and I don't mind answering their questions as long as it's basically related to the subject of the thread.
In my view that always has been the case here, because the subject is not that simple at all as it seems at first glance.
If it were a simple method more traders and newbies as well would have reported likewise consistent results, which is definitely not the case.
In fact as a group we are experimenting and trying to dig deep and get real answers why today a trader (using ESTraders System) looses 2100 pips and tomorrow ends with a profit of 600 pips. If the differences are that big I can understand that people are looking for answers...... Why and how can this happen???????
If we stop keeping to dig deep and don't want to find the answers to these items this thread will dry up soon.
Please remember that ESTrader himself got frustrated and closed down his own thread, because of all kind of questions and interpretations of other traders. He came back in this (second thread) and sort of apologized that in fact the reversed system introduced by Paris Hilton wasn't so bad after all. Why? Because he started exploring Paris's reversed system and all of a sudden came up with good results......, How could that be?
When I would come across a situation like that, I would like to know how and why? However if that is not appreciated here.......... I'll be gone......
I remember I once was a newbie asking all kind of seeminly not related or not useful... even stupid questons. However I was happy there always was someone lending a helping hand. Moreover seemingly not related questions may trigger items we had completely forgotten about...
Just let me know what is appreciated here, JohnIgnored
DislikedThis is one of the reason I would not want any one to try this system without putting a stop loss.
I have been using stoploss/and target amount equal to the amount of margin.
In other words if all your trades need $100.00 margin then you put that amount as a stop loss and target profit or use one of 101,s profit lock EA.Ignored
DislikedI've been trying to get those EA's to work for the profit as well as for the SL from 101. Can you or anyone else tell me which folder to load them in? I loaded as a script in that folder but it comes up with a dropdown for each individual currency pair. Ofcourse I want to set profit & SL for the batch. Perhaps they go in the experts/include folder?
Sorry for the dumb question!
PipHunterIgnored
DislikedHi,
i do not want to start discussion about Brijon and his thread, but I feel that it would be fair to warn people that are now maybe motivated to read about his method,that there are many others who think otherwise . Me personally think that Brijon-s thread was disastrous failure. I believe he is nice person but he refused to take critic in his thread, which is sad, because ForexFactory strength lies in variety of very talented people who can contribute and test ideas with valid arguments. Plain and simply - his method failed and many traders who listened him lost money because he did not used Stop loss at all, and he used to add into losing trades, everything that we should be worried about first time when we see it.
Here is post that i wrote in his thread on start of August, days before big downfall
...... \"However, after doing a lot of my research, i must say that i disagree with you Brian when you say that is impossible to lose if we have enough drawdown space and we are patient enough. I think this is somewhat dangerous opinion. No matter how many sucessfull Kantor trades, there will certanly come potential situation when you will enter a trade, using all Kantor method know-how, all indicators agree, serenity dashboard gives more than 100 LL drawdown, all perfect... Than you enter your trade and wait for market to turn around.... drawdown gets higher but you are patient and ready to wait..... you see that drawdown gets bigger and than you use position averaging to further stabilize position.... after few weeks you discover that point of enterance in trade was point of no return and price market will not get back to save you. Maybe it will in next 7 months but you will be dead as a trader until then. This is not made up as i have expirienced this more than once in tests.... \"
After this post, I was not welcomed in the thread anymore.
One month after, i found his thread closed.Ignored
DislikedAs a test I ran a basket with FF 1.04 and reversed wherever there was a suggestion to do so. That basket is currently - $129 and seems to be moving to recovery. But you can never tell.
I ran a second basket using FF 1.04 Current and it's around + $100. I didn't take any reversal suggestions.
SandyIgnored
DislikedIntially I was somewhat reluctant to have an EA built on this system.But looking at the potential for this system and abilty to trade round the clock I would like to know ,whether, any one would volunteer to build one.
I have no knowledge of programming and hence the request.
But I would like to have the following requirements if one will be built:
1.Strictly adhere to the ORIGINAL Idea as mentined in Relative strength 1
2. Incorporate the Indicator v1.04
3.Have built in stop loss and Target.
Thanks
KrisIgnored
DislikedHi piphunter,
I would guess it should go into experts folder.
Since I am very poor in programming hopefully some one here ,especially ,Ferrufx can probably help you.
thanks
krisIgnored
DislikedTwo more trades closed in Black. So far since sunday night there had been 12 trades (with two brokers) with 10 trades in profit.
krisIgnored
DislikedTwo more trades closed in Black. So far since sunday night there had been 12 trades (with two brokers) with 10 trades in profit.
krisIgnored