You're welcome Scott. I want to give you an example of a pair which I have already disabled the EA for. AUD/USD As you can see from the two weekly charts below we have significant areas of support down at .98, .97, and .964. I currently have 8 open ...

D1 - 20 EMA & 50 EMA

Well it's actually not too hard to determine the direction of a long term trend or potential reversal of a trend when using price action at areas of weekly support / resistance. One needs to learn how to identify certain weekly candle patterns at ...

D1 - 20 EMA & 50 EMA

Oh ok, that makes sense.

D1 - 20 EMA & 50 EMA

IMPORTANT: I may look into disabling the EA after all 8 positions are opened per pair and wait until ALL stop losses or take profit targets are hit. Then I will wait to see if each pair is going to continue trending in the same direction or if we ...

D1 - 20 EMA & 50 EMA

I'm a little confused by the statement that I put in bold... Positions remain open until SL or TP targets are hit therefore the profit will be 350 pips per position regardless of how long it takes and losses will be 250 pips per position regardless ...

D1 - 20 EMA & 50 EMA

Feel free to post your EA as long as it follows the rules and parameters listed in the first post. Also, keep in mind that I will DEFINITELY need to make some changes to this EA during the next few months for optimal results. I am literally forward ...

D1 - 20 EMA & 50 EMA

Navin, I take it you are bullish GBP/USD, what are your mid to long term targets?

Cable Update (GBPUSD)

The reason is because I hadn't started this test yet on a Demo account before this particular candle.

D1 - 20 EMA & 50 EMA

You may need to read the first post a few more times...

D1 - 20 EMA & 50 EMA

You will find hundreds of examples if you READ the entire thread... I'm not going to explain this strategy any more, it is clearly explained throughout the entire thread multiple times along with charts. I'm not going to spoon feed you Jay, sorry.

Third Screen Strategy - Dr. Alexander Elder

No, this EA is not for sale...

D1 - 20 EMA & 50 EMA

Hi Claudia, Your charts look fine. Just follow the rules explained in the first post and you should be fine. Remember though, I am still forward testing this strategy so it may not be wise to trade real money until it has proven to be profitable for ...

D1 - 20 EMA & 50 EMA

I also wanted to clarify to everybody here that this is a completely automated system as all rules and parameters have been programmed into an Expert Advisor. Just had a couple of GBP/JPY longs hit their TP targets earlier today. Like I said before, ...

D1 - 20 EMA & 50 EMA

The first few trades that I closed was because I needed to have closed trades in order to aggregate the data to forex factory trade explorer. As for Gold and DOW I had a hard time figuring out exactly how many pips to put in the EA in order to give ...

D1 - 20 EMA & 50 EMA

No, charts are still exactly the same but I am still only trading Third Screen Strategy with my live accounts. This new test is strictly paper money and I won't consider trading real money until at least 6 months forward testing have been completed ...

D1 - 20 EMA & 50 EMA

Due to the conservative nature of my strategy I seek to increase the overall profitability and risk diversification by trading multiple currency pairs. These include, but are not necessarily limited to: AUD/CAD, AUD/JPY, AUD/NZD, AUD/USD, CAD/JPY, ...

D1 - 20 EMA & 50 EMA

Erebus, Thank you very much for clarifying these simple rules explained on the first post! So far I am more than happy with the results I am experiencing with this system. Obviously the demo accounts are new but so far so good.

D1 - 20 EMA & 50 EMA

No support / resistance with this strategy.

D1 - 20 EMA & 50 EMA

I don't see any correlation whatsoever between Gold and the US equities... In fact, I see an Inverse correlation looking at the D1 Gold and D1 DOW. Take a look. Gold has clearly been in a downtrend since September 2012. DOW has been extremely ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Agreed. We are still in a corrective move to the upside and have been consolidating before the next leg down. Still below the 61.8% from most recent down move and price is still being held down by the 20 EMA on the D1 chart. Definitely nothing to be ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread