Hi all and welcome to the DAILY95PIPS egy.
Before we start I urge you to paper trade any new egy including this one before committing any of your own funds. Thorough testing is crucial before taking any egy live.
Also bear in mind that this system is by no means new and may look familiar to some of you. I am simply passing it on from my predecessors/mentors in the hope that it adds to your existing trading arsenal and increases your trading results.
The basis of this system is VERY simple and has proven to be profitable, though I am adjusting the money management/profit targets. So results for this revised version will be realised on this thread. I must also emphasise the well known phrase that past performance is no guarantee of future returns.
I will add the daily trading results to this thread as we go along. See post#1602 for updated results for the current week. Weekly and individual pairs results are at post #1602. Monthly totals are at post#1602. (Please disregard the next post #2 as I am unable to add to it.)
That being said, let us proceed with the egy.
OVERVIEW:
Questo è un sistema puro e dimentica il sistema in cui le negoziazioni sono poste allo stesso tempo ogni giorno. L'opzione è anche disponibile per coloro che sono inclini a monitorare le proprie posizioni per adeguare i livelli di stop al raggiungimento degli obiettivi di profitto. Si noti che attualmente è in fase di sviluppo un Expert Advisor che automatizza il trading di questo egy, mantenendo così l'obiettivo prefissato e dimentio. Fare clic sulla graffetta nella parte in alto a destra della pagina per trovare le versioni correnti. Per i neofiti che usano Expert Advisors avrai bisogno di un broker che utilizza una piattaforma MT4 come North Finance, IBFX, ODL, FXDD per citarne alcuni. Per istruzioni sull'installazione di EA vai a:
http://www.halcyonfx.com/howtoinstall.htm
By setting multiple profit targets we are exercising money management, while aiming for 95pips profit from a 50pip move in price.
We will simply be placing orders 5pips above the previous days HIGH and 5pips below the previous days LOW.(Actually, it's more like the previous 17hrs at 5pm EST.)
Usa uno stop loss da 30pip per tutti gli ordini.
Gli ordini vengono effettuati il ??????lunedì, martedì, mercoledì, giovedì e venerdì.
EXECUTION:
1.) At 5pm EST open the 1hr chart (2hrs b4 start of the Asian session) of USDJPY. ( In an attempt to pre-empt questions about how this egy works on other pairs, I will post results comparing GBPUSD, GBPJPY, EURJPY, and EURUSD. You're welcome to add to the list.)
For those who need help with converting timezones go to:
http://www.timeanddate.com/worldclock/converter.html
For those whose brokers spreads are still wide at 5pm EST on Sunday (which is 7am my time on a Monday here in Brisbane), in order to avoid the wide spreads you may need to wait until they reduce to normal before placing the orders for the day. I typically have to wait until around 8pm EST for Oanda's spreads to reduce back to normal.
2.) Usa il massimo e il minimo delle precedenti 17 ore. Per il lunedì gli ordini tornano fino alle 00:00 EST di venerdì per i massimi e bassi.
3.) Open a total of 6 PENDING orders (for each pair) including 3 BUY STOPS and 3 SELL STOPS that expire within 24hrs (I use 18hrs) as follows:
Buy/Long Orders:
i. #1 - Entry = HIGH 5pips, Take Profit=15pips, S/L=30pips
ii. # 2 - Entrata = ALTA 5 pip, Take Profit = 30 pip, SL = 30 pip
iii. #3 - Entry = HIGH 5pips, Take Profit=50pips, S/L=30pips
Sell/Short Orders:
i. #1 - Entry = LOW-5pips, Take Profit=15pips, S/L=30pips
ii. #2 - Entry = LOW-5pips, Take Profit=30pips, S/L=30pips
iii. #3 - Entry = LOW-5pips, Take Profit=50pips, S/L=30pips
That's it.
Once you have placed your orders you are free to go and do something else with your day as this egy does not require you to be monitoring the trades. Though, as already mentioned, to maximise results you may choose to adjust stop levels when profit targets are reached which by the way is automatically done by the EA.
There can be 4 possible outcomes after either the long or short trades are triggered:
1.) All 3 profit targets are reached for a total of 95pips.
2.) Vengono raggiunti i primi 2 obiettivi di profitto ( 45 pip) e il lotto rimanente viene interrotto (-30 pip) lasciando un totale di 15 pip.
3.) The first profit target is reached ( 15pips) and the two remaining lots are stopped out for a total of -45pips.
4.) All 3 lots are stopped out for a total of -90pips.
Additional to this is the variable outcomes of when both the long and short trades are triggered.
Si noti inoltre che per coloro che sono così inclini a monitorare le negoziazioni, i livelli di arresto possono essere adeguati sui lotti rimanenti per proteggere i profitti già raggiunti. Le soste di trascinamento possono anche essere utilizzate a propria discrezione. Queste funzionalità sono incluse in EA.
Tieni presente che, come regola generale, non dovresti rischiare più del 3% del tuo conto di trading su una singola operazione.
Therefore, with the DAILY95PIPS egy the order size will need to be divided between the long and short orders. The total potential loss on the long orders (90pips) will therefore add up to 3% of your trading account.
Alternatively, you could risk 3% of your trading capital on EACH order, totalling 9% of your trading capital being risked for the long trades. The same applies to the short orders.
Buon trading a tutti!
Publi
Rispondi Citando
Originariamente Scritto da ;
I started using this since last Monday. I'm still tweaking it a bit. I use small lots. Will get into the big numbers at a later time. One order was already taken at t/p. I will take a look at the EA later as well. 
