Prime (by arezab) Estadísticas rápidas
Ganancia: -97.79%
Drawdown: 103.90%
Pips: 1365.0
Operaciones: 386
Ganadas:
Pérdida:
Tipo: Demo
Apalancamiento: 1:200
Trading: Manual

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jaxs81

Miembro desde Dec 14, 2009  6 mensajes jaxs81 Dec 15 2009 at 22:44
Arezab,
  I appreciate what I have read so far on this post. I was wondering, do you use the 4hr to just get a view of the overall trend and make trades based off of the 15min or 30min charts when an RSI trend line break happens. Also, do you just use a basic 2 point trend line and market direction to draw a trend line, or is there more to it that I don't see. I have lost a lot of money trading forex, trying this system and that, and I have come to realize through a lot of testing and learning that the RSI trend line break is a great trading tool. I am trying to perfect how I trade using RSI, I have only been using it for awhile and things are looking a little brighter now. Also do you trade on a live account as well with as much as success. Anyway, great post you seem to be doing well with it, hopefully I will someday as well using the RSI. Thanks.

arezab

Miembro desde Sep 18, 2009  26 mensajes arezab Dec 16 2009 at 00:06
I've also tried several systems before. Although those systems worked too (actually every system works more or less ... provided that you stick to rules) but I've found this one more discreet because the chart is clear and lets me see the market better.

Yes most of times I use higher TFs to see an overall view of the market direction and use the lower TFs to enter the trade because I'm a day trader. This is not something new. I think most of traders do the same base on their own systems.

BTW sorry for your losses but in fact that is part of the game and inevitable.

Well about 2 point trend lines ... if you are familiar with oscillator indicators like RSI you know that simply relying on just 2 points to draw a trend line is nearly impossible. Besides I use the chart itself and the corresponding trend line on price and compare them to confirm the RSI trend line. It's not that as easy as the way others use trend lines. This last part took me almost 2 year to complete.

CCI is also great. Actually I started with CCI at first but now I prefer RSI because of it's smoothness.

jaxs81

Miembro desde Dec 14, 2009  6 mensajes jaxs81 Dec 16 2009 at 15:44
Hi Arezab,
  I have been looking at some of your trades to see what the market was doing when you opened a trade, and I am realizing that the time your trades are showing the moves doesn't line up with my charts. I was wondering what time frame your broker is in U.S. time zones. Interbank FX is mountain time, FXDD is eastern time and so on. Just curious so I can cross reference what happened at the right times. Thanks again for everything.

jaxs81

Miembro desde Dec 14, 2009  6 mensajes jaxs81 Dec 16 2009 at 19:44
Hi Arezab,
  Looking at your trades I see that a lot of your trades are stopped out at no loss or break even, and then most of your losses are only a few pips and are stopped out within a few minutes after you open them. Am I correct in figuring that you move your stop to break even pretty fast. I was wondering what distance in pips you let your trades run before you move your stop to break even and how you determine your original stop loss. Also, I see a couple large losses, and would that only be because you were away from your charts at the time. Anway, things look interesting following what you are doing so far. Thanks again.

jaxs81

Miembro desde Dec 14, 2009  6 mensajes jaxs81 Dec 16 2009 at 20:19
Hi Arezab,
  Couple more questions. Do you use a trailing stop, like say to the next dip in price as your trade progesses. Also, I was wondering why you trade only the GBP/USD pair other than a trade on gold and the EUR/USD. Is it because it is a volitale pair with a reasonable spread and because it moves pretty smooth without a lot of huge price jumps in one candle. I know the GBP crosses are generally the most volitale pairs so GBP/USD seems to be a good pair to trade. Thanks again for all the information you have provided.

arezab

Miembro desde Sep 18, 2009  26 mensajes arezab Dec 16 2009 at 20:21

jaxs81 posted:
    Hi Arezab,
  I have been looking at some of your trades to see what the market was doing when you opened a trade, and I am realizing that the time your trades are showing the moves doesn't line up with my charts. I was wondering what time frame your broker is in U.S. time zones. Interbank FX is mountain time, FXDD is eastern time and so on. Just curious so I can cross reference what happened at the right times. Thanks again for everything.



Prime4x = +2:00 Greenwich time.

arezab

Miembro desde Sep 18, 2009  26 mensajes arezab Dec 16 2009 at 20:30

jaxs81 posted:
    Hi Arezab,
  Looking at your trades I see that a lot of your trades are stopped out at no loss or break even, and then most of your losses are only a few pips and are stopped out within a few minutes after you open them. Am I correct in figuring that you move your stop to break even pretty fast. I was wondering what distance in pips you let your trades run before you move your stop to break even and how you determine your original stop loss. Also, I see a couple large losses, and would that only be because you were away from your charts at the time. Anway, things look interesting following what you are doing so far. Thanks again.


About moving SL, sometimes yes I move to BE and sometimes not. Depends on how quick the market moves. If market spikes away from my entry for 15 pips or more I quickly move SL to BE. If not I wait.

If I go wrong with a trade I try to wait and see if the market returns back, so I put TP at 0 to possibly get out of the trade with no loss. The distance for SL in my system is not definite. Most of time I close the losing trade manually. Yes those big losses are because I was away from my PC at that time.

arezab

Miembro desde Sep 18, 2009  26 mensajes arezab Dec 16 2009 at 20:38

jaxs81 posted:
    Hi Arezab,
  Couple more questions. Do you use a trailing stop, like say to the next dip in price as your trade progesses. Also, I was wondering why you trade only the GBP/USD pair other than a trade on gold and the EUR/USD. Is it because it is a volitale pair with a reasonable spread and because it moves pretty smooth without a lot of huge price jumps in one candle. I know the GBP crosses are generally the most volitale pairs so GBP/USD seems to be a good pair to trade. Thanks again for all the information you have provided.


I think GU is a nice pair. In fact I started to trade live 3 years ago with GBPJPY which was a big mistake. I love that pair but the volatility is high and also the spread as well. Of course the spread is no issue if your system works for you. I intend to return to GJ in 2010 after I have some gains in my account. I will reduce my Risk/Reward ratio and my position size if I want to trade that pair.

I tried EU for a few trades and I didn't like its movement although the spread is 2 with prime but GU is 2 too. So I decided to focus on one pair for some time.

Gold is excellent but again very wild movements. I think I'll start to test it for a month or so early 2010 after my capital in this account exceeds 150K with a position size of 1 lot for start.

74AHT010

Miembro desde Nov 29, 2009  3 mensajes Adam (74AHT010) Dec 17 2009 at 21:18
Very, very impressive. Have you been able to apply this strategy in a live account? I know emotions play a part when it comes to trading real money. With those kind of returns it is a wonder some big financial institution or private investment firm hasn't contacted you.... LOL! Continued success to you. Have a blessed day.

Motto for trading: DON'T OVERTRADE.... or better.... go play golf.
novifu

Miembro desde Oct 18, 2009  5 mensajes novifu Dec 18 2009 at 13:18 (editado a las Dec 18 2009 at 13:26 )
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 for exit and not wait of the market back,i know that is not a easy question
regards

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