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- 172 Results (171 Replies, 1 Comments)
- petersurrey replied Feb 28, 2007
It would be a very brave man to leave an EA running unattended for a day let alone a week
For many retarting MT4 is no major issue for the potential returns... Hopefully someone will make the minor adjustment to make it perfect soon..Part Time Wealth Building Trading System - Daily Scalping
- petersurrey replied Feb 27, 2007
I think the beauty with tk's system is that it is solely price action based and doesn't involve any other indicators as so many other duff systems do.. To avoid whipsaws you can take smaller profits..
Part Time Wealth Building Trading System - Daily Scalping
- petersurrey replied Feb 27, 2007
Agreed the Rhythm EA is working well this week and removes a lot of the headaches...staggering results!
Part Time Wealth Building Trading System - Daily Scalping
- petersurrey replied Feb 27, 2007
Most days 100 pips TP would work well and is an amazing return when you think about it. Overall I think 100 pips for one days trading or 300 for a week are great targets..it does hurt to see the market run on though..
Part Time Wealth Building Trading System - Daily Scalping
- petersurrey replied Feb 27, 2007
If guppy carries on a this rate it will hit my 500 pip TP
- good to see Rhythm EA behavng itself this week..Part Time Wealth Building Trading System - Weekly Scalping
- petersurrey replied Feb 26, 2007
Good day for locking in those profits; straddle @ 50 and 100 using the daily scalping expert..
Part Time Wealth Building Trading System - Daily Scalping
- petersurrey replied Feb 26, 2007
short answer is you can't - Oanda offer trades with as little as $1 though...
Part Time Wealth Building Trading System - Daily Scalping
- petersurrey replied Feb 25, 2007
I am not sure I follow the logic of this at all -any locking of profits will, ultimately, lead to some trades not achieving their full profit potential and whilst reducing drawdowns and producing a smoother equity curve this will not, necessarily, ...
Part Time Wealth Building Trading System - Weekly Scalping
- petersurrey replied Feb 24, 2007
For the month the GBP/JPY works out at about 600 pips using a 50 pip straddle entry, 50 pip TP1 stop to B/E and 100 pip TP2...
Part Time Wealth Building Trading System - Daily Scalping
- petersurrey replied Feb 24, 2007
I totally agree and also think this is the best way to profit longer term - get a quick return by locking in early profit, reduce market exposure and don't let the losing trades take all your profit..
Part Time Wealth Building Trading System - Daily Scalping
- petersurrey replied Feb 23, 2007
url url Oanda and FXDD for live trading. Not trading the weekly GBP anymore - will start with GBP/JPY weekly next week..and continue to test the Rhythm EA on the GBP/JPY daily -the reason I prefer it this is the SAR facility..but it does require ...
Part Time Wealth Building Trading System - Weekly Scalping
- petersurrey replied Feb 22, 2007
Great trading from the master
TP100 appears to have worked well for the daily system this week..Part Time Wealth Building Trading System - Daily Scalping
- petersurrey replied Feb 22, 2007
Exactly -using the Monday entry based on the daily entry system and letting it ride for the week with 40 pip SL.
Part Time Wealth Building Trading System - Weekly Scalping
- petersurrey replied Feb 22, 2007
I make the GBP/JPY weekly system ( using daily entry) well over 300 pips up at this stage...not bad...
Part Time Wealth Building Trading System - Weekly Scalping
- petersurrey replied Feb 22, 2007
CFTC and NFA are US regulatory bodies which oversee standards and , hopefully, stop fraudulent/bad practice.. As you say the trick is to find brokers which deal on the open market and don't trade against your postion through their own dealer rooms..
Part Time Wealth Building Trading System - Weekly Scalping
- petersurrey replied Feb 21, 2007
Look at Oanda, FXDD or IBFX in the US - make sure they are regulated by the CFTC and/or NFA. FXDD and IBFX have superior trading platforms but Oanda has the better sreads...
Part Time Wealth Building Trading System - Weekly Scalping
- petersurrey replied Feb 21, 2007
The weekly GBP multi-lot ( TP1@50, TP2 @100) trades are getting hammered this week @ -190 and I will stop using it for the GBP after so many whipbacks..the JPY is doing well though with around 150 pips...traded as per original 50 pip open straddle ...
Part Time Wealth Building Trading System - Weekly Scalping
- petersurrey replied Feb 21, 2007
EA: Expert Advisor - automated trading programme used with MT4 platforms SAR: Stop and reverse postion TP: Take profit. Last nights( GMT) trading is a classic example of how EA's can pay off - we had a near 100 pip GPY gain on the long trade before ...
Part Time Wealth Building Trading System - Daily Scalping
- petersurrey replied Feb 19, 2007
Those using the TP levels may find this expert useful -taken from the 'Manage Take Profit' thread -extremely useful trade managment tool...
Part Time Wealth Building Trading System - Weekly Scalping