Mark120169's easy and free daily system

This is a discussion on Mark120169's easy and free daily system within the Forex Net Trap forums, part of the T2W Archive category; Originally Posted by antonio2010 First try tonight. My EA set a buy stop at 1.30125 and a sell stop at ...

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Old Jan 20, 2012, 1:58am   #31
 
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Re: Mark120169's easy and free daily system

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First try tonight. My EA set a buy stop at 1.30125 and a sell stop at 1.29129
Not sure about the numbers, as I am just playing with the EA parameters. Will see what happens
AM
I beleive as long as the EA has placed the pending orders on the chart, and is still live on the chart untriggered, that you can edit all the entry prices, stops and limit values manually and the EA will still control the trade once live.

This is because the pending order setting data and the live trade b/e and trailing stop parts of the EA are not linked or checked to be auto corrected.

I got 13018.2 long and 12916.4 short.

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Old Jan 20, 2012, 10:26am   #32
 
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Re: Mark120169's easy and free daily system

Well, short is placed now - unbeleivably, it hit my exact entry - 1.29180, triggered, then bounced off it. Knew I should have adjusted!
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Old Jan 20, 2012, 4:52pm   #33
 
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Re: Mark120169's easy and free daily system

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Well, short is placed now - unbeleivably, it hit my exact entry - 1.29180, triggered, then bounced off it. Knew I should have adjusted!

Oh well, better entry as it happens, langusihing a bit now.

One think I have thought of, sorry if you have alreay considered it -

would it work on a 10.00pm to 9.55pm next day basis - the reason I ask is that this would avoid a swap charge from GKFX if the trade happens to roll over the 10pm cut off - not too bad with a 10p/pip stake, but could affect over/all profitability??
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Old Jan 20, 2012, 5:39pm   #34
 
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Re: Mark120169's easy and free daily system

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Oh well, better entry as it happens, langusihing a bit now.

One think I have thought of, sorry if you have alreay considered it -

would it work on a 10.00pm to 9.55pm next day basis - the reason I ask is that this would avoid a swap charge from GKFX if the trade happens to roll over the 10pm cut off - not too bad with a 10p/pip stake, but could affect over/all profitability??
Have no idea. Is hard work to work out the 24hr daily price travel and wick lengths for this timeframe. Could be better, could be worse.

A better idea may be to still close your trades down @ 9.55pm daily instead of 11pm if the swap charges are too high.

doubtful closing early will ever effect big winners as they tend to always be banked before USA lunchtime. But for sure some days you will make more off a loss losing an hour and some you will make more of a gain ( or less of a loss!)

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Old Jan 21, 2012, 9:40am   #35
 
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Re: Mark120169's easy and free daily system

-19 pips at about 9.45 last night.
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Old Jan 21, 2012, 12:56pm   #36
 
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Re: Mark120169's easy and free daily system

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-19 pips at about 9.45 last night.
EU closed out yesterday @ -17 pips. A slow grinding day to be sure!

So for four trading days of last week (USA BH monday so no trade) EU returned +34 pips, about 1 1/3 %. Two winners and two losers.

Also not bad considering there where no big +200 pip daily movements as it was a slow news week.

EJ I live traded on two days (thursday and Friday) for +59 pips, about 2 1/4%. Also as EJ did receive any stop outs last week I will have to work out the full weeks results, and 2012 so far results but EJ would have had a nice week over 4 days I think.

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Old Jan 21, 2012, 6:40pm   #37
 
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Re: Mark120169's easy and free daily system

mark120169 started this thread Just manualy looked @ Eur/Jpy for 2012 since 3/1/12. Is ok, not a good as EU but not a single stop out or TP hit. Daily movements seem less but are less volitile (whippy) within the days range.

1 no trade day, 1 no trigger day, 10 winning days and 2 losing days.

Total pips 3/1/12 to 20/1/12 +201, +8%.

week 1 +81 pips

week 2 +33 pips

Week 3 +87 pips.

Still +8% over three weeks is very good. Could stuggle when it hits a consolidation period that causes and few loss and double loss days but will keep live trading it @ 10p pip to see how it performs.

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Old Jan 22, 2012, 9:59pm   #38
 
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Re: Mark120169's easy and free daily system

does the EA really have to go onto the M1 chart? Can it not got onto the the D1 charts? I have 8 charts set up for my daily system I do... switching to M1 slows the whole thing!! there must be a way round it....
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Old Jan 22, 2012, 10:40pm   #39
 
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Re: Mark120169's easy and free daily system

I had it on D1, it worked ok?
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Old Jan 23, 2012, 12:26am   #40
 
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Re: Mark120169's easy and free daily system

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I had it on D1, it worked ok?
yep.... looked like it worked for mine too....
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Old Jan 23, 2012, 12:24pm   #41
 
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Re: Mark120169's easy and free daily system

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I had it on D1, it worked ok?
That suprised me, never tried it on D1 before. It must be my settigns that make it work as I have both "candle lookback" settings to "0".

If they were set to 1 or more then the D1 stop orders would be place 1-2 days prior open prices lol

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Old Jan 23, 2012, 11:33pm   #42
 
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Re: Mark120169's easy and free daily system

Manually reset S/L for +70pips and got taken out just before 10pm, oh well avoided the swap charge anyway. EA did not fire at 11 last night, had it running on my desktop pc which must have gone into sleep mode, so reset for 11.22 start. I can see this happening again, and me meddling with things before 10.50- the temptation is too much, although did forget about it all day, didn't even look at trade on the phone, Nice enough though, 70 pips not to be sneezed at, so at +51 after 2 days.
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Old Jan 23, 2012, 11:46pm   #43
 
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Re: Mark120169's easy and free daily system

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Manually reset S/L for +70pips and got taken out just before 10pm, oh well avoided the swap charge anyway. EA did not fire at 11 last night, had it running on my desktop pc which must have gone into sleep mode, so reset for 11.22 start. I can see this happening again, and me meddling with things before 10.50- the temptation is too much, although did forget about it all day, didn't even look at trade on the phone, Nice enough though, 70 pips not to be sneezed at, so at +51 after 2 days.
I have just done the same thing 5 mins ago, but set s/l to +75 as thats 3% gain. Doubt it will survive the next 15 mins unless lucky.

Will probably do the same thing of EJ @ +50 now to lock in 2% gain.

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Old Jan 24, 2012, 12:05am   #44
 
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Re: Mark120169's easy and free daily system

mark120169 started this thread Ok,

EU closed today @ +81, just over +3% gain and EJ closed @ +51, just over 2% gain. Still waiting for the choppy period as this is going a bit too well!!



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Old Jan 24, 2012, 12:10am   #45
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Re: Mark120169's easy and free daily system

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Manually reset S/L for +70pips and got taken out just before 10pm, oh well avoided the swap charge anyway. EA did not fire at 11 last night, had it running on my desktop pc which must have gone into sleep mode, so reset for 11.22 start. I can see this happening again, and me meddling with things before 10.50- the temptation is too much, although did forget about it all day, didn't even look at trade on the phone, Nice enough though, 70 pips not to be sneezed at, so at +51 after 2 days.
Doing this manually at the moment. Closed 11.59 for 82 pips. As an aside, the swap charge worked to our advantage today, so actually added a couple of pence.
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