Re: Backtest. — T4L, I can appreciate the time involved in back testing. I have a couple of questions and a suggestion that might save some time with regards to the other pairs. On the 13 losses, when the 3ema crossed over, how many pips were ...

Simplicity is the ultimate form of sophistication ( Elite )

Thanks. I am using three 17" monitors. On the next system I build, I am seriously considering using 30" monitors (not only will I be able to have more charts up, but they can be larger as well.) Waterflame has combined two indicators with price ...

Simplicity is the ultimate form of sophistication ( Elite )

While I can't tell you what will work for you, if you are using the 5M TF to determine your entry then add the 2M charts and forward test the combination. If it works for your eyes and you are trading profitably then stay with it. If not, then try ...

Simplicity is the ultimate form of sophistication ( Elite )

Try using a lower TF as a filter for entry. In my forward testing of this system, I have been experimenting with using the 5M as a filter for the 15M, and the 4H as a filter for the Daliy. Since trends start on the lower TF's and build up to the ...

Simplicity is the ultimate form of sophistication ( Elite )

I check this thread (along with several others) daily, although I only post when I have something to say. Gambler180's system is a straight forward system. To trade with it, one need only become comfortable with price action and the quirks of the ...

Gamblers 5 and 15 minute trading system

As I understand the system, the candle you have marked is the crossover point for the 3ema. The next candle would be your entry.

Simplicity is the ultimate form of sophistication ( Elite )

I have integrated Lever's system into my trading style. I use it mainly on the 4H time frame to confirm entries. Since Lever is a college prof., I would suspect that the demands of the school schedule this time of year are taking precedence over the ...

Cornflower Hourly System

You are welcome Waterflame. Congratulations on developing a solid system.

Simplicity is the ultimate form of sophistication ( Elite )

One option is to follow the trade for the first five to six hours. Once the initial profit is locked in, then set a trailing stop and enjoy the rest of the ride on the trend.

Simplicity is the ultimate form of sophistication ( Elite )

Broker — My previous broker was FXCM. I originally went with them in 2003, and left in 2006. I have friends who are still with FXCM and have not had the problems I experienced. As is the case with all things; people will have different ...

Cornflower Hourly System

Broker. — I currently use FX Solutions. I switched to them after my previous broker started to miss my entries and stops with regularity. They do not use Metatrader, but since I prefer to trade manually, this is not an issue for me. Good luck ...

Cornflower Hourly System

4H TF Rules. — I use two charts, a 4H and a 5M. Using the 4H chart, I follow Gambler180's rules for entry. After I have made an entry, I switch to the 5M chart to monitor the strength and direction of the trend. I also use pivot points to aid ...

Gamblers 5 and 15 minute trading system

4H TF. — At 0800 EST the AUD/JPY, AUD/USD, and the GBP/USD presented entries per Gambler180's entrance rules. I shorted all three pairs. Several hours later, the AUD/JPY netted 106 pips, the AUD/USD closed with 98 pips, and the GBP/JPY ...

Gamblers 5 and 15 minute trading system

4H TF testing continues. — Shorted both the EUR/JPY and GBP/JPY at 0400 EST. Entered EUR/JPY at 155.65 and exited at 155.11 for 54 pips. The GBP/JPY was entered at 199.49 and exited at 198.40 for 109 pips.

Gamblers 5 and 15 minute trading system

I used the term engulfing pattern to describe what Gambler180's system appears to do. I realize it is not a true engulfing pattern, however, the term does (at least in my mind) describe what Gambler180 looks for when he trades. Over the years, I ...

Gamblers 5 and 15 minute trading system

Another 4H test. — I'm still testing this on the 4H TF. On the GBP/USD I entered at 20038 at 0000 EST after the previous candle closed up. At 0830 EST I closed the trade at 20188 for 150 pips.

Gamblers 5 and 15 minute trading system

drummer486 — His two rules are stated below: "Buy when a candle close above the last down bar in a downtrend Sell when a candle close below the last up bar in an uptrend" In essence, he waits for an engulfing pattern to change the trend. A ...

Gamblers 5 and 15 minute trading system

I am a little confused. Trading manually, it is a simple matter of looking at the clock on your task bar to determine when the candle will close. While I have Metatrader on my computer, I prefer to trade manually. That being said, I would think that ...

Gamblers 5 and 15 minute trading system

4H TF. — I use the 4H TF to determine my short term trend. Then move to lower TF's (1H and 15M) to make my entry decisions.

39/39 HI/LO SYSTEM

Well said ghous. — Well said ghous. Sounds like you have a good feel for Cornflower now.

Cornflower Hourly System