Thanks Skyline - look forward to a long and profitable thread

Daily Scalping EA - Discussion Thread

Taken 100 off guppy net ( after 2 early losses) and about 100 up on CHF at the moment.. US news due out soon so I thought locking in a few pips would make sense and move stops down.. A big thanks to TK and Skyline for their combined efforts with ...

Part Time Wealth Building Trading System - Daily Scalping

I try to leave the original TK system unaltered but at the moment max. losses is 4. I am moving stop to B/E after +100 and have the take profit set to +300 - just missed out on guppy yesterday..

Part Time Wealth Building Trading System - Daily Scalping

Experts — My view with experts is that they can be a tremendous trading tool when used wisely but also ruinous to naive traders who just think that setting a trading robot up and leaving for the day will generate a nice smooth equity curve. A ...

Part Time Wealth Building Trading System - Daily Scalping

40

Part Time Wealth Building Trading System - Daily Scalping

Classic example as tk would say of adapting the system to suit your trading style...great trading!

Part Time Wealth Building Trading System - Daily Scalping

It's all about controlling greed and fear which the Daily EA helps with..but be prepared for those days when things don't turn around..remember CEO backtests found in favour of 4 or more trades per day producing more profit overall but the drawdowns ...

Part Time Wealth Building Trading System - Daily Scalping

3 stops on guppy but current short trade + 235 - moved stop to cover losses so B/E at worst today..

Part Time Wealth Building Trading System - Daily Scalping

For those who are looking for a nice volatile pair to trade alongside GBP/JPY the GBP/CHF pair is showing very nice volatiility at the moment with similar daily moves to guppy...

Part Time Wealth Building Trading System - Daily Scalping

Guppy trades with much more volatility than cable at the moment because of the greater interest rate differential so I would move into guppy and hopefully you'll be pleasantly surprised..you've done well to limit your losses on cable to just 70 pips ...

Part Time Wealth Building Trading System - Daily Scalping

Your statement reads Rhythm at the top but I assume you have traded the Daily Scalping EA?..Great results as you say..

Part Time Wealth Building Trading System - Daily Scalping

The best way is to lock in certain amounts of profit ( or moving stop) if you don't want to use the EA's which help to avoid human ( often negative) interference - so when you get to +100 move stop to breakeven +150 to +50 etc -or whatever you feel ...

Part Time Wealth Building Trading System - Daily Scalping

[quote=howard;238383] EA's without restrictions can result in real damage to an account but when they are replicating what would only be done manually by a trader, as in the case of these simple tk systems, they can prove very profitable; especially ...

Part Time Wealth Building Trading System - Weekly Scalping

Guppy ( GBP/JPY) has peformed considerably better than cable recently - maybe worth a try?..or combine the two...

Part Time Wealth Building Trading System - Daily Scalping

Go to inputs on your chart EA and change lots from .1 to 1 and click OK -that simple

Part Time Wealth Building Trading System - Daily Scalping

So did any one manage to hang on for those 1000 pips - a true lesson in self control and disipline as tk rightly says...

Part Time Wealth Building Trading System - Weekly Scalping

No doubt this has been a fantastic week for tk system followers with their various adaptions.. Generally I think the less restrained the system the better it will perform ..for example I am trading GBP/GPY with an EA SAR at B/E after +40 which today ...

Part Time Wealth Building Trading System - Daily Scalping

Agreed -classic example of how just letting the basic tk system run its course can maximise profit..you just never know when the really big move will happen..

Part Time Wealth Building Trading System - Weekly Scalping

Strange, I have mine set to 0,0 and it doesn't close out trades...but the time frame is set to 4 hours.. ..will the above not simply close out a trade at 22.00 hour, say, and open a new trade at 22.00 hour..

Part Time Wealth Building Trading System - Weekly Scalping

Set entry and exit times to 0 to ensure that the trade doesn't close out at 00.00. Magic number is something which identifies this experts trades against other GBP/JPY trades on the same platform -set it to anything you like ie 1234. Suggest stop ...

Part Time Wealth Building Trading System - Weekly Scalping