Model 1: Martingale (Mygrid method) + Grid ⇒Risk: Margin call due to uncontrollable lot size to be purchased ⇒Reward: 100% winning with defined x pips profit ⇒My rating: Not a good model. I don't prefer and use this model because one bad day would ...

Trading Game System Discussion

Complex Model I would like to show and explain some of the fundamental points with its advantage and disadvantage first before i explain further about the model. 1. Limit/stop order ♦ Can do multiple random entry ♦ Risk is uncontrollable due to ...

Trading Game System Discussion

2 logic information you can get from price action chart. Other information I don't think is useful after years of study and done many analysis project. 1. Trend 2. S/R Trend has it advantage in bigger time frame, it will only be end after a period ...

What's your basic logic/philosophy for trading in simple words?

Historical data is subject to broker itself. Some broker provide you 3 month of data for demo account, and the rest of data before the 3 month would be provided by Meta trader company. This is what I understand after find out from instaforex broker. ...

Is an indicator less accurate the further back in time you go?

Stick to bigger time frame trend, confirm you will win the game, is the matter of better or worst entry. Check with daily time frame, the trend is maintaining for a period of time before it is end. This is a good information or probability if ...

Gambler trading (with some MM), who says it can't be done?

If historical data is not correct, then indicator of course is not accurate. Not sure what are you trying to know.

Is an indicator less accurate the further back in time you go?

Basic Model Since this is very basic technique, so i summarize all the explanation in one post. 1. Stop loss and Target The RR is fixed in such a way that it couldn't be out of range*. It can be any value, and must be a high and positive value, in ...

Trading Game System Discussion

I just read 70% of the contents. I think some of the topic are quite complex and some are useful. What would you say after reading?

Hard stop: Breakeven or trailing stop?

Whatever the method that you use, there is a probability of capturing the market correctly, importantly that you must discipline yourself and trade all the game. And there is no such system that can product 100% winning.

Do Elliott waves work?

Emm...right. That is why it is very hard to trade smaller time frame instead of bigger time frame. In bigger time frame, we obviously ignore this minor correction, and concern about the direction of the trend. Therefore, loss is minimized for ...

Hard stop: Breakeven or trailing stop?

I disagree with your last sentence. EW is just a structure for trader to refer. It can be big wave or small wave for a complete cycle. OK, you are not wrong to say it consist 17 waves IF you are not based on EW theory, but to based on what you have ...

Do Elliott waves work?

Trailing stop loss to BE method depend on overall trade management system, it won't be useful for just 2 opened positions because you cannot earn much. I use averaging up + trailing stop to BE + grid + hedging with decreasing lot size for subsequent ...

Hard stop: Breakeven or trailing stop?

I used to trade based on EW to determine the direction of the price. However, I have stop trading for a few month, because of my main job is not allowed, i always miss the good opportunity trade. So i prefer EA to trade for me. But, it is impossible ...

Do Elliott waves work?

Trailing stop loss to BE price is the best. I used to trailing the initial stop loss to BE price + x pips away. Below is my EA testing by using trailing stop to BE + x pips image

Hard stop: Breakeven or trailing stop?

It works. Smaller time frame is also respect to EW, but it is just too fast too furious. Meaning to say wave distant is small and fast to complete a wave in smaller time frame. Therefore, EW at smaller time frame is very difficult to be seen by our ...

Do Elliott waves work?

Hi ! One question here. Which of the Fibonacci level is important if based on previous week? Anyone have the proof? Thanks.

(binned per thread starter’s request) Fibo zones - the relation b

Just pass by to say hello. Wow, Live account has been doing great for quite a long time. Keep going! One question, are you using EA to trade?

Proof That Ultra Profitable Trading Is Indeed Possible

oh i see. Then this case is similar to support and resistance line. But is this possible to code into EA? I don't think so since it doesn't have formula.

Trading using two pivots

Pivot point. Ths.

Trading using two pivots

Another good reference by using 2 pivot point to determine long and short area. I am currently using weekly and daily high and low for this case. Then I use fibonacci level to scale in my position. Good result after backtesting, and DD is less than ...

Trading using two pivots