GOAL : 3% PROFIT A DAY!
LAST UPDATED of 1st Post : December 29th 2014, 19:00 pm (GMT+7)
In the end, I decided to make my own journal. I'm a EURUSD trader and have my own unique ways to trade.
Here the things about my rules of trading :
EA_third_formula_v1.4_EN backtest results ($100 to $10k) :
Have a question in your mind? just ask...!!
LAST UPDATED of 1st Post : December 29th 2014, 19:00 pm (GMT+7)
In the end, I decided to make my own journal. I'm a EURUSD trader and have my own unique ways to trade.
Here the things about my rules of trading :
- I only Open Positions between 23.00 to 08.00 GMT.
- I don't use regular SL, I'm using time-based SL, all my trades will be closed exactly at 21.00 GMT if using EA, otherwise will be closed manually. This rule is applicable to my first and my second formula only.
And here the things about my methods (I call it 'formula') :
- NO INDICATOR AT ALL, just plain candlesticks.
- I only use OHLC for my setup, but it's not really a 'setup', I just know wether it's a BUY or SELL everytime I count the OHLC using my simple formula and I will know the exact TP. So, if the price go against my positions (which is called sideway), I just need to open another position to maximize the profit because in the end the TP will be hit everyday. If not, my time-based SL will take control.
- I rarely open positions on the 1st week and the 4th week of each month, simply because the candlesticks rarely matched the criteria. So, I can only maximize the profit on the 2nd week and the 3rd week of each month.
- The original aim of my formula is just 5 pips a day. If you found me get more than 5 pips, that's because there was a sideway before my TP got hit.
- My formula only works for EURUSD and the OHLC I count only from specific broker but applicable to all 5 digit brokers.
- I'm using
twothree formulas, the first one for 23.00 GMT and the second one for 23.00 to 08.00 GMT. So, there will be maximum two positions everyday, but I can divide each position to many positions if there is a sideway. Currently working on my third formula. - I
onlytrades H1 timeframe. Currently trying to add H4 TF to my rules.
That's all for now. I will post other details later. The main purpose of this thread is to keep me on the track.
Updates you should read :
- more details about my formula, Post #6 to #10
- about my third formula, Post #50 to #51
- backtest of my third formula v1.0 and v1.1, Post #64
- backtest of my third formula v1.2, Post #68
- The secrets why the backtest of my third formula produced crazy results --> Post #92
- The secrets behind these so called magic formula --> Post #112
- The secrets of my third formula --> Post #120
- How my third formula finds strong reversal signals --> Post #173
- A test of my third formula on GBPUSD --> Post #174
- Overview of my third formula indicator and the new backtest results, $100 to $10k --> Post #176
- This is how I predict the next big move (it's just one of my analysis) --> Post #213
- The secrets of my third formula (visual) --> Post #241
My Third Formula in Forward Test :
- 16.69% in 11 minutes --> Post #125
- 15.15% in 2 minutes --> Post #148
- 15-17% in 16 minutes --> Post #241
my third formula in backtest :
EA_third_formula_v1.4_EN backtest results ($100 to $10k) :
Have a question in your mind? just ask...!!
Let the market comes to you!