Trade update (new trades in bold): Buy AUDCAD @ 0.9204, SL @ 0.9163 = closed @ 0.9216 (+12) Buy EURGBP @ 0.6803, SL @ 0.6775 = still open, SL moved to 0.6802 Sell GBPCHF @ 2.4224, SL @ 2.4325 = still open, SL moved to 2.4224 Sell GBPUSD @ 1.9910, SL ...

Bodger SAR Method

You know, I really like that idea. I hate automated trailing stops - IMHO they generally tend to get you OUT of positions that you'd much rather be in. But I'm a big fan of the manual trailing stop - a trailing stop with human discretion. And your ...

Bodger SAR Method

Maybe I can be "little BB". I'm not getting into a turf war with you - you're quite the voice around this forum!

Bodger SAR Method

The 1600 GMT 4-hour bar provided no new trade opportunities, so I'm still working on the trades that I previously posted. Here's where I'm at: Buy AUDCAD @ 0.9204, SL @ 0.9163 = still open Buy EURJPY @ 162.50, SL @ 161.80 = closed @ 162.62 (+12) Buy ...

Bodger SAR Method

Thank you for sharing those results! I am going to sit down tonight - and in depth this weekend - and do some extensive backtesting. By "eyeballing" this it seems to perform quite well - but I know that eyeballing charts for too long can be ...

Bodger SAR Method

Yes, within 30 minutes of posting the original rules, I have already changed them to indicate that you must drop down to the 1-hour timeframe for confirmation BEFORE you open the trade. Otherwise, you end up opening the trade on the 4-hour chart and ...

Bodger SAR Method

New trades — My two trades from earlier this morning are both sitting nicely in the green (although I understand that you can't count on unbooked pips and, by definition, this system will give back at least some pips before a position is ...

Bodger SAR Method

Agreed. I had looked at this indicator briefly in the past but had quickly discarded it, only to now realize that there might be some value in it. Of course, I've looked at, discarded, and eventually returned to darn near every indicator at one ...

Bodger SAR Method

First test orders: Buy AUDCAD @ 0.9204, SL @ 0.9163 Buy EURJPY @ 162.50, SL @ 161.80 I determined the SL levels by using half of the pair's daily range.

Bodger SAR Method

OK, I've just realized the first hole in my thinking. I'm opening a position based on the 4-hour SAR and then, presumably, closing it when the 1-hour SAR moves against me. However, it's possible to have the new 4-hour SAR pointing in one direction ...

Bodger SAR Method

Many thanks! Having perused it, I'm not sure if I'll use it or stay with the old-fashioned screen-switching because it will probably take me a little while to get used to the extra set of lines drawn around the price data, but this is certainly a ...

Bodger SAR Method

By dropping to the 1-hour chart, the position is now closed around 114.10, for a more-manageable loss of 16 pips.

Bodger SAR Method

Whipsaws — I have personally been annoyed by some of the systems/methods that are posted here where the authors clearly pick the best example to illustrate the process. In some cases, they have blatantly glossed over reams of whipsaw data to ...

Bodger SAR Method

Thanks and good question. My settings are the defaults that come with my installation of MT4 - Steps = 0.02, Maximum = 0.2.

Bodger SAR Method

That's it - it's that simple. Maybe it's too simple, I don't know. But I think the fact that you drop down to the lower time frame for an exit point is a subtle, but significant distinction from simply trading the raw SAR signals on a single chart. ...

Bodger SAR Method

Once you have an open position, switch to a 1-hour chart. This is crucial. If you stay on the 4-hour chart, over time you will get whipsawed mercilessly, as is often the case for any SAR-based system. Once you have dropped down to the 1-hour chart, ...

Bodger SAR Method

This shows an opening signal for this method. On the 4-hour chart, the Parabolic SAR direction has changed.

Bodger SAR Method

MBT abandoned their attempt to integrate with MT4. I think there are some MBT reps who troll these forums so they might be better suited to answer this question, but in another forum I read a lengthy post from one of them explaining that they threw ...

Forex ECN brokerage start-up question

I don't know if I have anything of major value to add to this thread, but it strikes a chord with me. I've been going through my own personal struggle (as I'm sure many of you have or are currently doing) to figure out how to be a currency trader. ...

How many of Technical Analysis based systems are junk?