Could you post it scorpion -sounds useful!

Part Time Wealth Building Trading System

OK so for the daily tk system Rhythm EA we appear to be concluding that it should be a 40 pip SAR system with max trades set to 5, entry to 00GMT exit at 17.00 GMT and leave it at that...

Part Time Wealth Building Trading System - Daily Scalping

Many thanks CEO -I assume these results included SAR at 40? -very illuminating on the multiple trades front..you may be right about last week being a bad week to judge. Have you looked back to early 2005 which was generally a bad year for trending ...

Part Time Wealth Building Trading System - Daily Scalping

not me -best to wait until tomorrow night -hols are generally very choppy and unpredictable...

Part Time Wealth Building Trading System - Daily Scalping

Unfortunately this does show the limitations of backtesting -in real life trading I had 6 trades on the 16th with the B/E SAR set at +40 and a total loss for the day of about 200 pips, which included 2 nasty whiplashes. Hence my suggestion to really ...

Part Time Wealth Building Trading System - Daily Scalping

Interesting observation but taking the last GU daily week, the SAR at +40 feature actually resulted in a 100 pip overall loss compared to +40 without it with 6 trades on Thursday instead of what would have been just 2..that's not to say that longer ...

Part Time Wealth Building Trading System - Daily Scalping

Very approximately trading the original tk systems: daily... GU B/E GY+300 weekly GU-250 GY+300 ..so about +300 pips overall - pretty good for a very mediocre week on the GU. Trading 2 lots taking partial profits at 50 and 100, +40 on GU weekly.

Part Time Wealth Building Trading System - Weekly Scalping

agreed shorts into next week - that massive weekly down candle on the GBP/JPY looks like it may continue.. I'm going to limit day entries to 2 and weekly to 3 using the EA..

Part Time Wealth Building Trading System - Daily Scalping

I have been reviewing this systems performance over the last 2 months and found that this month alone, trading with 2 lots taking TP1@50pips SL to B/E and TP2@100 you would have made about 800 pips so far. The 50 SMA's work really well but when ...

Part Time Wealth Building Trading System

Wings the 7-8 GMT session can be incredibly choppy for the GBP -often 30 pip swings before the normal trend resumes..

Part Time Wealth Building Trading System - Daily Scalping

Thanks Al -I agree and am finding the same with the weekly system...

Part Time Wealth Building Trading System - Daily Scalping

I am limiting the losses to 2 max. per day - but it up to each trader to decide where they draw the line...

Part Time Wealth Building Trading System - Daily Scalping

Thanks Mobsie -I am also running a Oanda platform on my desktop which is about reaching the RAM limit

Part Time Wealth Building Trading System - Weekly Scalping

What appears fairly obvious, looking at the daily charts, for both the GBP and JPY this week is that you have to let the winning trades run for the whole day and not take profits at set targets with this system. Yesterdays GBP/JPY run proves that ...

Part Time Wealth Building Trading System - Daily Scalping

Thanks Al -that's if my platform doesn't blow up with all these EA's -I used to know someone who traded EAs on 4 different PC's to spread the load!

Part Time Wealth Building Trading System - Weekly Scalping

Re: the above -I am also going to continue to manually trade the 2 lot ( TP1 @50, SL to B/E TP2 @100) system which has produced 290 pips in 2 weeks with minimal drawdown and compare with the EA..

Part Time Wealth Building Trading System - Weekly Scalping

Thanks Strawstock for all your work with the EA this week. I also agree with your earlier comments to limit the number of trades per day and per week so that whipsawing doesn't reduce the overall profitablity. As we found this week with the JPY it ...

Part Time Wealth Building Trading System - Weekly Scalping

Entry and exit times are those used on your brokers platform. Only use Overrule Direction if you wish to over ride yesterdays trend - so if you wish to go short set Overrule Direction to true and Direction Long to false. Entry time hour should be ...

Part Time Wealth Building Trading System - Weekly Scalping

TK suggests 40 SL and entry in same direction as Friday trend -I still use the 50 pip straddle however..

Part Time Wealth Building Trading System - Weekly Scalping

Agreed and really highlights the power of the system(s)..

Part Time Wealth Building Trading System - Weekly Scalping