Rastaman, Thank You Steve

1 trade a day

Hi, What is the red and blue line that look slike a Moving Average on the main chart. Regards Steve PS I had my SL & TP the wrong way round in my last post :-(

1 trade a day

SL — I also use a trailing stop based on the DMI. In a falling price, lower highs the DMI is a good way of determining wher to put the SL. It has worked well in the past. If you use the 15m chart it may help reduce the potential losses.

1 trade a day

Forgive me if my maths are incorrect but surely if SL is 1.68 and TP is 100 then potential profit will always be less than the potential loss. I have manually backtested this method , not to far back, and for what its worth and it nearly always gets ...

1 trade a day

IB script — Here is a simple script that will show the IB's. It needs to go in the experts/scripts folder. It doesn't trade just draws 2 lines for ease of seeing wher ethe 4 * IB's are. If you run it you will see wher ethe trades might be and ...

Proven Methodology (Trend following) - let's create an EA

If it's a method that works well then why would you want to test it? Just curious. I have looked at instances of 4 IB's and ther does seem to be a good result. How quickly does it have to breakout and where is the SL, the other side of the ...

Proven Methodology (Trend following) - let's create an EA

Thats a very interesting indcator, very complex maths in it. I have used a combination of BB/MA with MACD and DMI to try to give a definitive trend direction /strength. When writing EA's its very hard to get the trend cals right but this does seem ...

Proven Methodology (Trend following) - let's create an EA

Hi, I have built numerous EA's and have built something similar to what you have described, although only a cursory glance, dinners ready. I'll read fully and let you know. My system is modular and very easy to incorporate new ideas etc. Regards ...

Proven Methodology (Trend following) - let's create an EA

Ruels definition — Hi everyone, I don't post to often. This has caught my attention and I have read the first several pages and quite a few more recent ones. I usually use 15m charts but can't sit at a screen all day. I like this idea as a way ...

Silent Service Method

No problem with any of that. as has been said many time one must do what one must do. There is an interesting book called "Swing Trading" by Marc Rivalland which has many of the tenets you propose and which at the time I thought was a great read. No ...

The System II (Yes with irony)

I am pleased to see I wasn't run out of the forum for my views :-) The only thing I would say about 50% retracement from my observations is that with the theory, yes theory, of higher highs/lows and reverse is that with a long trend the previous low ...

The System II (Yes with irony)

Hi Everyone, First I will admit to not reading the whole of this thread as to be honest I finfd that most of the entries, in any thread, don't give much value. I will however say that this is a technique that I have looked at several times, what ...

The System II (Yes with irony)

Hi Orion, What is this indicator doing Steve

The DIBS Method... No Free Lunch continues

Which broker are you using? Steve

The DIBS Method... No Free Lunch continues

Hi, I don't remeber anythingthat mentions that comparison of todays opening and yesterdays close. All I have seen is that the current price should be above, for a buy, below , for a sell, versus todays opening. Peter Crowns does mention momentum but ...

The DIBS Method... No Free Lunch continues

IB's — All, Are you looking to take the break of only IB's that occur within the trading period i.e 06:00 GMT to 15:00 GMT or is it considered to take one that has developed before trading period has started i.e. overnight.

The DIBS Method... No Free Lunch continues

I was nearly caustic with my reply and then suddenly realised to be nice to animals today!! What part of "multiple tf trends" did you not understand and by the way I have an even bigger one if you want it!!. There is and has been discussion about ...

The DIBS Method... No Free Lunch continues

HAS indicator — Please find attached 2 indicators with nearly the same name. They aredesigned to show multiple timeframe trends based on 2 moving averages. i.e. You are looking at a 1 hr tf but can also see the trend for 4hr/1d/1w & 1month. ...

The DIBS Method... No Free Lunch continues

Stops — I think I will ad 5 to the stop to give some margin and also a maximum of 30 pips. Still testing so I can vary and consider alternatives.

The DIBS Method... No Free Lunch continues

EA — P.S. The EA is NOT for lazy trading :

The DIBS Method... No Free Lunch continues