Well, my exercise in discipline is coming to a close. I have taken only good setups according to my system. I have followed my trading plan, other than taking a few afternoon trades which is against my rules. I know all systems have losing days, ...

Transition from Losing to Winning

How to place stops — Here's a good thread on trade management. url

Any use for stop hunting?

These are good questions. When the market takes a big move in minutes, I assume it's a bank, hedge fund, etc. Unless it's news, then everyone's into the act doing their own thing to take advantage. When the market is moving slowly I assume only ...

Any use for stop hunting?

What's an ECN? OK, you've made me think. Let's say, instead of going short like my system tells me, I think, "where would I put my stop" and put a sell limit order way up there 35 or 40 pips above current market. A bunch of other traders are going ...

Any use for stop hunting?

Well, I just did it again. I won't post the chart, but in my journal for the day, I called the picture "Failure to recognize a ranging market". And, "failure to manage trade properly". I used signals from two systems to enter. Signals from one of ...

Any use for stop hunting?

Trading Plan — Here it is! Someone else already posted it. MM is the first vital step. This is the second. url

Transition from Losing to Winning

This is really excellent. We know all systems have winning trades and losing trades. If you truly understand the system, you will know better what trades not to take, and how to manage the ones you do take. I thought I understood my system until the ...

90% of traders fail? - just a thought.

This type of EA can be problematic. Here's why. You have two ways to program. The first way is for the EA to sit and watch for the first group of conditions (call it "close above") to happen, records that. Now it waits for all the crosses to happen, ...

RSI, %R, CCI Strategy (Would like programmed)

That's the number I've heard over and over from successful traders, those making a living at it - it takes about 2 years. Only 17 months to go! Hooray! It took me 4 years to get a bachelor's degree so that I could be exploited like a commodity and ...

Advice & Opinions appreciated

You've brought up some good points. Traders looking for a breakout put stop orders on each side of a range. Buy stops above, sell stops below. Another method is to put limit sells above, and limit buys below. This works on the idea that the market ...

Any use for stop hunting?

Good post. The article was interesting, but really describes what is called the "short squeeze" in the equities universe. And only at round numbers..... We're talking about a reversal at the stop price, not a blow through. Maybe all we have to do ...

Any use for stop hunting?

Damn it. As I was typing the above, guess what happened!

Any use for stop hunting?

I ALWAYS have a stop, in case of technical problems, or if I have to be away from the tube. If I'm watching, and price action shows the trade moving against me, I'll get out early. I usually go 10 - 15 pips beyond the last S/R. Like nearly everybody ...

Any use for stop hunting?

I've got a couple EA's done that are probably close to what you want, and therefore could be tweaked without spending a lot of time. If you have something you've backtested, which is profitable, and can describe your rules without ambiguity, then by ...

RSI, %R, CCI Strategy (Would like programmed)

I used to be a broker. I studied hard, passed the series 7 (only about 30% pass, and that includes those who are taking it over and over) and became a broker. Didn't know ANYTHING about trading. We were retailers, it was nothing more than sales. Age ...

Advice & Opinions appreciated

No. The same problems that cause traders to do the wrong thing at the wrong time would still be there. Most systems have an edge, at least under certain market conditions. Taking the opposite signals would be yet another problem.

90% of traders fail? - just a thought.

I use a trading plan that appears to be an adaption of Tim Wilcox's - for that reason I cannot share it due to copyright. It uses a question/answer format. In one section it asks what are your strenths and weaknesses. When I went to update the plan ...

Getting Past Blocks / Barriers

I don't know anything about MT3, sorry. Basically, you look at order open time, at the time of the current bar, find the difference, divide by the timeframe of the current chart * 60 (converted to seconds), and you have the number of bars that have ...

How to code close after x bars

OK, now that I have the indicator, it does the same for me.

The Half-Baked "System" V.5

The first thing I'd try is to use the OrderOpenTime() function, along with Period() and Time[0], then just calculate the number of bars since the order was opened. If >= 8, OrderClose.

How to code close after x bars