OK, I will grant you for scalping or day trading purposes, adding to or scaling into a position may not be advisable. And since it sounds like MMDealer is a day trader then I'll withdraw that suggestion. But for clarity's sake, when adding to a ...

Giving It All Back.

Ditto. Don't ever add to to a trade that's going the wrong way. Been there.... Add to your trades that are winning. The old cliche' really is true but until I got it, I never was successful; cut your losers and not only let your winners run, but ...

Giving It All Back.

Hi Arcus, Thanks. I'll try this out. The wiseman 2 is to be entered after the third AO bar on a break of the third bar's candle high. I misspoke and said the open of the fourth candle, but it was the break of the last candle's high. The initial stop ...

Chaos

Hi everyone, No posts here for a week or so, so I thought I'd post a great example of the system that happened this week on the GU 4 hour. On the chart, #1 is the fractal from which the first entry short came. The orange line points to the candle ...

Chaos

You know, it is hard not to anticipate the market. I don't know much about EW, but I come from a news trading background and it's hard for me not to pay attention to fundamentals and get biased as to direction. By the way, which book have you read? ...

Chaos

cChris, That MO is a different name for Bill Williams' AC. I'll be honest; I don't really use it and I don't know for sure what I'm supposed to do with it. Which brings me to TradeStar's question, which book describes this method? I have only read ...

Trading Chaos?

Hi Arcus, I know Isto answered you and I've been wanting to give my take on this, I've just been quite busy with non trading stuff. So it's nice to be back. First, I want to go through the chart you posted, then address something else. I want to say ...

Chaos

The answer is somewhat subjective. In a situation where there are two or more fractals in the same area that means price is respecting that area, so I want to be sure the area is broken. So I choose the lowest (or highest if long) fractal. The ...

Chaos

Hi arcus, And whoever else might still be reading this. I wanted to post this trade I just got out of to show how I manage the stoploss. It was a loser, and frankly a bigger loser than I usually take, but it's a good illustration of how I manage a ...

Chaos

I also want to clarify the results of the tests that I have done. All of the testing was done on 4 hour charts. The totals were calculated as one pip per lot per trade. Since we all don't trade in dollars I decided to use pip counts for the sake of ...

Chaos

Well, I'm glad to help if I can. I'm a little reluctant to get more involved in these discussions because the way I am trading is not exactly Bill Williams' method. It's close enough for me to be able to answer some questions and if I can comment on ...

Chaos

I'm sorry, I should've been more clear. The bars I'm referring to are price bars, or candles. Sorry for the confusion. So the rule should be, a bearish dbar is valid after three green price candles, and the opposite for a bullish dbar. Regarding the ...

Chaos

Hi guys, Just my two cents on the wiseman being discussed. I was taught this system by a guy named Cecil Robles, and he filters the wiseman or divergent bar as he calls them, by adding a rule that says it's not a valid bar to trade unless it is ...

Chaos

I think this might be your answer. Pressing F2 will produce the History Center. Double click the pair you want, and then select 1 minute and click download. After that is complete, your test should be able to go back one year. I hope this is what ...

Tick by tick back testing

Yes. Disable the Auto Scroll on the chart (right click on the chart, choose Properties, then you will find Auto Scroll under the Common tab), then scroll back to the time you wish to test. Pressing the F12 key will advance the chart one bar/candle ...

Tick by tick back testing

Recently I have been wondering if it is better to trade this method by taking every trade signal that comes or by being more selective. Based on that question, I manually backtested the GBP/JPY for January 1 until the 22nd just taking every signal. ...

Trading Chaos?

The exact system I am trading can be found at xxxxxxxxxx. However, the materials are not available right now as they are revamping the course. I have no interest in or am in no way affiliated with them, but I have learned a lot from them. You may be ...

Trading Chaos?

Hi again, I wanted to give the numbers on my live trading of chaos. This info includes trades executed from the end of October 2007, which is when I began trading this live, up till today. Once again, calculations are based on one pip per lot per ...

Trading Chaos?

The way I ran the backtests was based on entry using a 3% margin of a $10,000 account at 100:1 leverage. For the sake of testing simplicity, I just made the assumption that 3 mini lots would be used to enter, then 2 lots would be added for each new ...

Trading Chaos?