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- 158 Results (27 Threads, 131 Replies)
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ReyesWhite replied Apr 15, 2013Yep i tried to backtest this indicator when i first started using it, it's impossible to backtest on MT4 as far as i know.
CSMA System
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ReyesWhite replied Apr 15, 2013The indicator will repaint the current bar, whether it be the M30 bar or D1 bar. Once a bar is closed though it doesn't repaint. The same as Stochastic, RSI etc;
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ReyesWhite replied Apr 15, 2013Glad everyone is experimenting with the system, i think both the CSM and the MAs give us a different approach to the market. It's doubtful you'd be able to trade the MA's alone, mainly due to alot of false signals in areas of consolidation, but if ...
CSMA System
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ReyesWhite replied Apr 15, 2013I quite agree with this, a lot of traders i'm sure trade part time. If they make $100 one week, it may not be a lot to live on but it's a nice little bonus on top of their weekly day job salary.
Is demo a step before real trading?
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ReyesWhite replied Apr 15, 2013All depends on strategy i suppose. Intra-day traders will obviously have less. I have 3 trades open right now, chances are they may be the only three i take today. Uusally though about 20 a week there abouts.
How often do u trade?
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ReyesWhite replied Apr 15, 2013To be honest i'd like to believe the figure was higher, mainly because the same exact stat applies for sports betting too. Only 5% of sports bettors actually turn out on top and make a long term profit, i'd like to believe that with the odds tipped ...
The 95% of losers, it's true?
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ReyesWhite replied Apr 15, 2013You're right, i never noticed that before as i always stuck to the 30 minute time frame. I'm going to edit my first post right now. Yes, stick to the 30 minute time frame and you shouldn't have any worries. Sorry about that, i'll edit it now.
CSMA System
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ReyesWhite replied Apr 15, 2013Nah but i know exactly what you mean, you mean waiting for them all to cross again. It's entirely up to you but i don't trade that way. As long as the MA's are all in the same direction and the CSM shows the same bias, go for the trade.
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ReyesWhite replied Apr 15, 2013Currently in 18 pip profit on both USDCAD and NZDUSD, total 36 pips but i want to wait till i hit my target. To anyone whom is demoing this, it's entirely up to you on what money management you use, as stated in the bottom of the fist post. The only ...
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ReyesWhite replied Apr 15, 2013I have a scan on the CSM to see whats strongest and then i look through my MT4 charts and see if there is any pairs where the MAs are all facing in the same direction. If the i'm looking at USDCAD and all the MAs are up, i look again at the CSM to ...
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ReyesWhite replied Apr 15, 2013Thanks for the share but i'm fixed for using this one at the moment. I've used it for a while now. I'll stick yours on my chart and have a look but i like how Henrys meter works.
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ReyesWhite replied Apr 15, 2013Thanks, i hope people can find it useful, sometimes i do have periods of losers on this system but it's just like any other system i suppose. I find this type of trading suits my trading style.
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ReyesWhite replied Apr 15, 2013I'd probably open trades on both, but if i had to choose which one then i'd probably go with the EUR if it showed a stronger figure. I trade all pairs except for JPY, i used to trade the Yen but it's just too volatile for me at the moment. But ...
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ReyesWhite replied Apr 15, 2013It doesn't matter what time frame you're using, i like to view the 30 minute because it gives me a good over view of short and longer time frames, gives me a good sense of the market. The MA bar won't change colour but the way the dots appear will, ...
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ReyesWhite replied Apr 15, 2013Here is a trade i just took on USD/CAD. USD stronger than the CAD at the moment and all the MA's are lined up (ie the bar is blue) image
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ReyesWhite replied Apr 14, 2013Thanks, well it's been working for me for some time now and i hope that anyone else who wishes to use it finds it useful.
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ReyesWhite replied Apr 14, 2013Yes, only change the settings stated in the pic in the first post
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