Rugby Trader
Established member
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hmmm, i thought there was a trade, i'll need to have a look over the rules again. I can see why some people thought it was a no-trade day though. will have to go and se if i was wrong.
Yes - me too - I thought that technically the rules were met to trade. I was then thinking about the last results mail and the reminder not to trade if the direction is not very clear and that's what caused me to not go ahead.
However this morning it was much clearer and I didn't even think about trading!
jamesgalloway
Newbie
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"If there is no clear direction to the 40 MA (pink line) don’t place an order." I think if there was ever a perect example of a no trade, today was it..
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Agree about today. It was clearly not clear. Yesterday though I had a decline in the ma over the last two consecutive candles. Hence my decision. This is of course why traders always get different results though they are trading the same system. Still like the system, even though it's early days for me.
Hi there!
I'm no expert but the more I study market movements, systems and signals I think that a system will never work perfectly always. Not to say the Net Trap is rubbish but systems seem to work for the same reason a broken clock shows the right time twice a day!
If a system runs perfectly for a time keep doing it if you have one losing month after another look in the news and research anomilies in the market to see if there is a big shift in the markets somewhere and look over the system to see if these factors are the cause of the system failure and if they will blow over or are here to stay.
The markets go through cycles and what was working 10 years ago might not work today.
But as I said I am no expert this is just an opinion:|
Amz4u2nv. fuzzywun
You did't hit the target today ? I have got 50 pips with capitalspreads.
It seems that the EURO volatility came back now (like February) , look at this morning, so much up and down like "M " between 4am and 10 am. I have tested another "setup and go" system ( 2 wins and 6 losses) Nettrap handled rather well in that sense.
IG index may be more sophisticated, but my NetTrap only fund (?) are managed with capitalspreads, I guess the similar incidents happened in February . I have got -30 pips with IGINDEX, and somebody got 50 pips. I wonder they must be caplitalspreads users.
Capitalspreads does not allow to setup an order within 7 pips from the current price. So you have to wait until more than 7 pips distance or order manually. It may be annoyed but I don't bother to do this at all. (I am more annoyed with 6 digit display at IGIndex as practically I don't need this.
FYI : Tradefair uses the very same platform with capitalspreads (and 2pips for GBP/USD) now you can get 100 pound cash if you use 3 months.
Good day
You did't hit the target today ? I have got 50 pips with capitalspreads.
It seems that the EURO volatility came back now (like February) , look at this morning, so much up and down like "M " between 4am and 10 am. I have tested another "setup and go" system ( 2 wins and 6 losses) Nettrap handled rather well in that sense.
IG index may be more sophisticated, but my NetTrap only fund (?) are managed with capitalspreads, I guess the similar incidents happened in February . I have got -30 pips with IGINDEX, and somebody got 50 pips. I wonder they must be caplitalspreads users.
Capitalspreads does not allow to setup an order within 7 pips from the current price. So you have to wait until more than 7 pips distance or order manually. It may be annoyed but I don't bother to do this at all. (I am more annoyed with 6 digit display at IGIndex as practically I don't need this.
FYI : Tradefair uses the very same platform with capitalspreads (and 2pips for GBP/USD) now you can get 100 pound cash if you use 3 months.
Good day
Toshi, thanks for that, yes it was very frustrating! I think it missed by even less than 5 pips. But this is life...
It may be that Capital spreads are better for this strategy. I will look into it.
Not sure what you mean about "not bothering... etc Do you just set the price at the best available, or do you enter manually?
Thanks
Fuzzy
It may be that Capital spreads are better for this strategy. I will look into it.
Not sure what you mean about "not bothering... etc Do you just set the price at the best available, or do you enter manually?
Thanks
Fuzzy
Hi, I am a robot operator, I (try to ) follow the rule 100 %, I checked what I did.
Because of 7 pips restriction, I set the order before 6:30. (of course I have to monitor this by 6:30 as I did today)
I am not sure it is better in the long term, but simper for me to operate to find out the order value. (5 degit etc) Anyway, tighter spread is better obviously.
I just checked what I did :
6:20 I set the limit order,
6:26 cancel this as the order would hit before 6:30 !! (gosh !) but did not hit in the end. then I prepared for another limit order (and manual entry )
6:30 I waited for the distance to setup the limit order (wait for less than 1 min)
6:31 left PC and make a tea
I don't bother to do this (or enjoy to do this ) , once familiar to do this. and the interface is simple too. Capitalspreads/ Tradefair adapts 5 digit display so the movement is less than IG index. To me this is less noisy (even less emotional ?)
My original intention was to have an Nettrap only account ! (offically start last week ). But it turned out that Capitalindex /Tradefair is easier to me.
This is my personal preference, and I would recommend to open a demo account if you are interested.
Take care
fatsharkey
Newbie
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I placed my order with IG Index and it hit +50. So far the system has been working for me. Hope it will stay that way...
Hi fatsharkey, can you please give me the entry price/time and exit price/time for confirm my chart
cheers
