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- billbss replied Sep 13, 2007
What time frame are you using? It would make a difference. The 6AM EST 15M bar closes at 6:15AM. The 6AM 1H bar closes at 7AM etc. At least they do on MT4.
Geico strategy---so simple a caveman can do it!
- billbss replied Sep 11, 2007
I don't think bksujal's system quite says that tomorrows market will do the opposite of the close. For a short, it says that if tomorrows market approaches today's high by a certain number of pips, it will retrace a certain number of pips. How many ...
Daily95pips
- billbss replied Sep 11, 2007
Yeah, that's wrong. The orders should be placed at 1700. The 1700 bar begins at 1700. My high was 158.19. 158.17 is well within the ballpark.
Daily95pips
- billbss replied Sep 11, 2007
That's within 3 pips of what I got. I use FXDD. The brokers can vary that much. Be sure you didn't take the high from the 1700 bar.
Daily95pips
- billbss replied Sep 11, 2007
I was talking about the GBP/USD being stopped out. I can go along with the profit on the EUR/JPY although I would have been stopped out using my broker. If he closed it manually, then he is using some other method. The method he described here did ...
Daily95pips
- billbss replied Sep 11, 2007
Yes, but you would have been down over 32 pips before you hit any profit at all. According to him he has a 1:2 risk reward ratio. He has repeated that several times. If he targeted a PT of 35 pips, he had to have a Stop Loss of 17 or 18 pips. He ...
Daily95pips
- billbss replied Sep 11, 2007
The EUR/JPY can be explained. I would have been stopped out on it, but that could have been because of differences in broker data. Now, try explaining +25 pips on EUR/USD and +35 on GBP/USD. No way. He has to be using rules other than what he has ...
Daily95pips
- billbss replied Sep 11, 2007
You may be right, but I don't think we know what his system is. Once we find out what it is MM may improve it.
Daily95pips
- billbss replied Sep 11, 2007
How do you measure a trend? How do you judge a strong trend?
Open trade daily at exactly 23:00GMT
- billbss replied Sep 11, 2007
Bksujal indicated he was using ATR(14) on an hourly chart. This means he is looking at the 14 bar average of the average true range of the hourly candles. In other words- he's looking at the hourly candle range averaged over 14 bars. How he uses ...
Daily95pips
- billbss replied Sep 11, 2007
Look at EUR/USD. Making 25 pips on it is just downright impossible. Even accounting for differences in broker data feeds, it could not have happened using the rules he has given us. GBP/USD at +35 is equally impossible. He would have been down 32 ...
Daily95pips
- billbss replied Sep 11, 2007
You're right except that DST wouldn't account for it. He has it marked off at 20:00 GMT. Right now that is 1600 EDT (4PM). During EST that would be 1500 EST (3PM). He must be under the impression that the time stamps on his chart indicate ET, when ...
Daily95pips
- billbss replied Sep 10, 2007
Auslanco, 1. Did your backtest have only one PT (100) and not two as outlined in your first post? 2. Can you give just a little more detail as to how you manage the 60 pip trailing stop, as there are several ways to do it? Thanks
Auslanco 15min GBP/JPY startegy
- billbss replied Sep 9, 2007
Let me follow up on the part I have underlined: Does this mean, for example, to only take a long trade when the 4Hstochastic is crossed, headed up and not oversold? Or does it mean that the 4H stochastic should be crossed upward and in the oversold ...
EMA 25-50 Trading System (Detailed)
- billbss replied Sep 8, 2007
I notice you call for 1*ATR or 2* ATR as the SL. There may be 60 pips difference in the two. How do you determine which one to use?
EMA 25-50 Trading System (Detailed)
- billbss replied Sep 4, 2007
Cryten, I don't get it. Why would anyone go to the trouble to do that? Surely, you're not going to deliver the merchandise to him. Surely, he knows that. What did the person gain from his trouble?
Supernova GBP/JPY Mini Trend Catcher
- billbss replied Sep 3, 2007
I was a victim of Refco. Another thing I'm concerned with is the broker folding up and taking my money.
.SI4 for GBP/JPY & EUR/JPY
- billbss replied Sep 3, 2007
IBFX is worse than that. GBP/JPY ranges from 9 to 20 pip spread. The average looks to be around 11 or 12. I'll probably move my account because of that.
.SI4 for GBP/JPY & EUR/JPY
- billbss replied Sep 2, 2007
If I'm interpreting this method correctly, it shows a lot of promise. I've spent some time looking back on charts and you almost always hit your profit target on the opening 1H bar- I haven't seen a stop out yet. The Sydney session opening (2100 ...
xPip Simple Scalping
- billbss replied Aug 31, 2007
OK, we've broken the trendline. Now show us how you enter using the 15M stochastic. Thanks
KISS method, why the hard way?