100 % Successfull emi automatic system? Trailing Stop?

Hi all,

I was messing around with Forex Tester when i "discovered this".
First of all one question. Can you put a trailing Stop to start from a certain price level or number of pips? For example when you have 20 positive pips the trailing stop kicks in and you won't loose your 20 pips profit.
I was thinking this way, you go long and short with zero spread or with a minimum spread like 1 or 2 total, so when one trade reaches 10 pips profit the other one will be 10 or 11 pips negative, right? You put a stop loss order so that the maximum you'll loose is 20 pips, you do this for both and then you put a trailing stop on both too so that when it reaches 20 pips profit it will save your profit, you can put 21 so that it covers spread, now if one closes at -20 pips the other one will be at +20 pips so one covers the other and you won't loose and if the price continues to go in the direction of the open trade and goes in the right direction 50 pips you will get 50 pips without risking any money cause the maximum you can loose is 0 pips due to the trailing stop you placed. The number of pips choosen above was just an example, can be others. I have an account at FXCM but their trailing Stop doesn't have many options or ajustments. What do you think? Can this be done, i've never worked with trailing stop so i don't know anything about it.
Cheers

Good Trading

This is the second post i made that doens't have a single replie. I give up.

Thats because your emi automatic system is stupid.

Electricvine said:

Hi all,

I was messing around with Forex Tester when i "discovered this".
First of all one question. Can you put a trailing Stop to start from a certain price level or number of pips? For example when you have 20 positive pips the trailing stop kicks in and you won't loose your 20 pips profit. I was thinking this way, you go long and short with zero spread or with a minimum spread like 1 or 2 total, so when one trade reaches 10 pips profit the other one will be 10 or 11 pips negative, right? You put a stop loss order so that the maximum you'll loose is 20 pips, you do this for both and then you put a trailing stop on both too so that when it reaches 20 pips profit it will save your profit, you can put 21 so that it covers spread, now if one closes at -20 pips the other one will be at +20 pips so one covers the other and you won't loose and if the price continues to go in the direction of the open trade and goes in the right direction 50 pips you will get 50 pips without risking any money cause the maximum you can loose is 0 pips due to the trailing stop you placed. The number of pips choosen above was just an example, can be others. I have an account at FXCM but their trailing Stop doesn't have many options or ajustments. What do you think? Can this be done, i've never worked with trailing stop so i don't know anything about it.
Cheers

Good Trading

Click to expand...

replie?

Electricvine said:

Hi all,

I was messing around with Forex Tester when i "discovered this".
First of all one question. Can you put a trailing Stop to start from a certain price level or number of pips? For example when you have 20 positive pips the trailing stop kicks in and you won't loose your 20 pips profit.
I was thinking this way, you go long and short with zero spread or with a minimum spread like 1 or 2 total, so when one trade reaches 10 pips profit the other one will be 10 or 11 pips negative, right? You put a stop loss order so that the maximum you'll loose is 20 pips, you do this for both and then you put a trailing stop on both too so that when it reaches 20 pips profit it will save your profit, you can put 21 so that it covers spread, now if one closes at -20 pips the other one will be at +20 pips so one covers the other and you won't loose and if the price continues to go in the direction of the open trade and goes in the right direction 50 pips you will get 50 pips without risking any money cause the maximum you can loose is 0 pips due to the trailing stop you placed. The number of pips choosen above was just an example, can be others. I have an account at FXCM but their trailing Stop doesn't have many options or ajustments. What do you think? Can this be done, i've never worked with trailing stop so i don't know anything about it.
Cheers

Good Trading

Click to expand...

Try it out on another demo account with trailing stops to find out why it isn't quite as 100% successful as you might think. The learning experience of this alone might enlighten you as to why nobody is posting a sensible response.

Hey guy... I don't mean to be rude but do you seriously think you've cracked a new 100% profitable way to trade whn there are 200+ IQ uber geniuses working at IBs and hedge funds. Not to mention the people who hold Phd Maths trying to work with the algorithmic simultaneous equations.

If Trailing Stops acctually worked the way i said it could be done. Maybe they have a 200+ IQ or are genius but sometimes you don't need to be a genius to figure things out. I tried my strategy and it didn't worked, in my head it worked. I was asking what you think, if forex is so hard and complicated, try this. Open 2 trades at the same time, one long and one short with less than 2 pips spread and then put a stop loss at 50 pips on each and a take profit at 55, try it in a demo account. Your gonna say, but if you loose one it will be 100 pips loss to win 5 pips per trade but i already won 97 in a row so that's almost 500 pips, i backed tested and it turned an 10 000 account in 100 000 just in one year, 500 pips a week gets you about 1000 pips a month, risking 2 % of the INITIAL deposit that's a profit of 200% month. Maybe its just lucky but now i have to loose 5 in a row to loose the ammount i won. And by the way I was just asking, i wasn't saying it worked! Its stupid? At least i tried, i failed but i will try again until i suceed. By the "normal" way i think i can be profitable i was just trying to find something that worked 100% or almost that. A guy can't mispell reply? I'm not writing a book, this is a forum and english is not even my mother tongue. If price reaches 20 pips and if you could hold those 20 pips and loose the other one it would be 0 pips total but if price keeps going in your direction your trailing stop won't be hit and the price would still go up so you would be winning X pips without risking any +20-20=0

At the risk of actually giving a serious reply it won't work because prices don't tend to move in a straght direction. Even when they are trending they tend to move in waves. You are therefore most likely to get stopped out in one direction before the trade then moves in the other direction at which time you are no longer in the trade. Widening the stops won't help if you assume that markets are fractal as the same will then happen, only in a different time frame.

You say that English is not your mother tongue. That wouldn't be Spanish would it?

I don't know nothing about trail stops but isn't the guy going short and long at the same time? So if one moves down 20 pips the other will move up 20 pips, right? So what's the point? You won't get any profit of that. Shanghai he's Portuguese, i'm also from Portugal so he speaks Portuguese not Spanish.

You're saying you can keep the 20 pips profit, but that isn't real profit if you have a short with 20 pips and a long with -20 it will be 0 pips, so how does your supposed "system" works? Can somebody explain me how trailing stops work? I can't understand from electricvine. By the way can you please explain what the trailing stops are doing in your "system"?

it takes the avg guy 5 years to learn how to profit hn this business...the geniuses take 10 or more...that is a fact........the smarter you are the more you fumble and foil and soil your nest...

people must still on demo if they trade like that jammer - nil spreadings

fact is you shouldnt be entering a trade 2 ways because you're analysis should lead you to one conclusion... long, short or dont know so stay out

Although I have no choice but to implore your dedication, it's sad that you've gone to such lengths. May I just say that I hope you make your way to an early grave at the behest of your maker.

[ I'm not sure what you mean but are you talking about trading one pair in two directions?well anyway i'm not sure but after I read your post the idea came to me,why not trade in two directions with the same pair.

Think about it if you enter a breakout you can go long and short for let say 20 pips or something like that you then indeed risk nothing because the one covers the other so when you see the breakout has launched you can close the losing trade and gain the profit.

Ofcource the winning trade has to go futher then but you already have a breakout the question is how far it will go.does this seem plausible from a practical point of view? also with some brokers I have heard of if you want have two trades of the same pair simultaneslonly you need to do this in two seperrate accouts not for fxcm traders

what do you think?

Christiaan said:

[ I'm not sure what you mean but are you talking about trading one pair in two directions?well anyway i'm not sure but after I read your post the idea came to me,why not trade in two directions with the same pair.

Think about it if you enter a breakout you can go long and short for let say 20 pips or something like that you then indeed risk nothing because the one covers the other so when you see the breakout has launched you can close the losing trade and gain the profit.

Ofcource the winning trade has to go futher then but you already have a breakout the question is how far it will go.does this seem plausible from a practical point of view? also with some brokers I have heard of if you want have two trades of the same pair simultaneslonly you need to do this in two seperrate accouts not for fxcm traders

what do you think?

Click to expand...

If you have a long and short trade at the same time, you are effectively flat. If instead of entering long and short, then closing the short at a certain price, you just sit on your hands until the price and then go long, you'll end up with the same pnl. Also, you'd only make one trade, so you save on transaction costs.

what if the market gets stuck in sideways movement and you have to keep the trade open for days, then you get charged interest and have to close both

you've basically just lost two spreads.

yeah it's not really practical is it?but then you must consider any idea for at least five minutes that's why we scan the forums right?it's all about getting,studing and after extensive testing implementing new thoughts and ideas.

I've thought about it myself. I'm sure you could use that strategy if you were a scalper with ridiculous monies and if you had an account with no spreads etc
its still asking for a heart attack anyway

Christiaan said:

yeah it's not really practical is it?but then you must consider any idea for at least five minutes that's why we scan the forums right?it's all about getting,studing and after extensive testing implementing new thoughts and ideas.

Click to expand...

I think its about learning what the people with the most influence are going to do and then piggybacking with our small change. The more I'm learning the more I'm starting to think that trading daily TF is the way to go. Blatant set ups and HUGE moves. Pick trades on the daily right and you could do maybe 5 trades a month and make a decent return

hey guys

trading with tecnical indicators one must always be on a quest for new and fresh ideas.With as many indicators we have at our fingertips sometimes it is the trader who is the most creative that get's the best result.For instance heard about surefire trading challenge where the guy that came in first in the real money department made more than 900% in one month.If you don't know about the surefire trading challenge you can google there is a astounding number of websites that mentions this challenge.

Now when someone comes with that crap about trading being like gambling I just trow that in their faces it's about time everybody see just what the forex market is really capable off.

what do you think?