Share Posts by arezab
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[quote]Inzider posted:
Beware, this could reach 1.5150, to break you then go back up.... Take care!
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Thanks inzider. In fact the biggest mistake I've done that caused my equity collapse like this, was that I switched to higher time frames like H1 and then H4. I designed this system to work best on lower time frames like 3M and 5M in first days, in fact to be a scalping system. If you look at my progress in first days you will see my acceleration was much higher than the whole period. The rapid growth of my account in early days was a result of trading 2M chart ... then I decided......
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Mike & Inzider,
Thank you for compliments. As you can see I have currently a big floating loss. One part of this system is a specific MM which tries to come out of losing positions with very small cumulative loss or if possible with 0 .
I've been working on this system for some times. This is a counter trend trading system so it's very dangerous to play with if you don't know the rules.
I'm thinking about fine tuning the system so that I can reduce the floating losses.
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[quote]novifu posted:
thanks arazeb,the system is a little risky ,but i am using rsi too,and my trading is better,thanks for your quickly answers too
regards
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I admit my trading style is risky as I've said before because I trade counter trend but since this year I'm adding CCI (my old indicator) and using trend lines over it to confirm the trend line break on RSI. Using these two indicators, their patterns and finding a relationship between them and also paying close attention to divergences is going to help me fine tune my system.
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Nice growth. Congrats. Do you trade higher time frames like H4 or higher? Because I see the growth is pretty choppy ... big losses and big profits at once. Do you hold your trades for several days?
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[quote]Knortzsch posted:
Okay I understand. Such a high draw down is very high risk.
Im not sure if someone else asked before me but do you managed account? I read that you dont selling signals.. cant understand why? Just because of the complicated mm and exits?
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I've been asked here privately several times to manage accounts but right now I'm not accepting because my system is still in final development phase and still needs to be fine tuned and for the same reason I don't sell signals right now.
I'll let everybody know when I'm ready to manage accounts or sell signals.
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hahahaaa :-) don't worry so much guys .. this is not just a system of how to enter and exit a trade but also a system of how to manage the losing positions. By the way this is just nothing. If you look through my history you will find once I had a -72% draw down of my total equity. I handled that easily so I can handle this one with a -51% draw down too.
Trust me. I know what I'm doing.
... to Knortzsch: My open trades are hidden because I don't want somebody use them as live signals to open positions .. not because of my envy but because as you see this system uses special money managemen......
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[quote]novifu posted:
hi,do you see support/resistence zone for enter or exit,because only rsi is risky,that can turn,thanks
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Of course. Both S/R levels on RSI and on price itself are important for my entries and exits. Also I draw trend lines which are critical to find a turning point.
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[quote]snail69 posted:
arezab, congratulations. simple system but great results. do you have specific time frame for your system to be traded / e.g. london session or new york ?
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Session is not important for me. I place my trades whenever I get proper signal.
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[quote]novifu posted:
ok thanks,i understand,and thanks for share and waste your time,i see your trades and i see that you enter at rsi trend break,
my question is,not is more sure enter at the rebound,and sometimes you enter against 200 sma,and other time against 50 rsi level,do you dont use that over your chart?,for other side rsi break is risky because repaint a lot ,what do you use for filter false signals?
is sure that you have a side because your 90 win rate for months is impressionant
regards
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I don't use 200 sma or any other MA.
I don't use RSI levels.
RSI trend line bre......
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[quote]novifu posted:
hi excellent trader,i have a question,i see in the historical traders that you have a lot of traders against you for several hours,and exit a breakeven,but do you have a maximum of pips for sl?,with your system,is not a bit dangerous keep traders with a lot of pips against you,or you forget that,i know that is demo.please if you can explain me your money m. i am very happy,
i see your lasts messages about that ,but really in real do you wait for traders back with thousands pips against you,or you cut that and why you cut that,my question is what reason do you use fo......
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