Gary Allbran
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Any chance some body could give me a link to the ebook?
Captain currency aint responded to my email from last wek.
Thanks
Captain currency aint responded to my email from last wek.
Thanks
Any chance some body could give me a link to the ebook?
Captain currency aint responded to my email from last wek.
Thanks
he's just had a baby so he's a bit busy with that.
he'll be in touch with you soon.
I gotta bump the 3 ducks system one more time.
I have coded this system and run in on GBP/USD exclusively. It also works on EUR/USD. I will note that no other pairs compare to those two.
Anyone should be able to draw up a plan and get this one working to their advantage. Captain Currency!
Good for you...., now those of us who doesnt know how to code a program but still use the three ducks, we have no other way to do it unless operate it manually
But take heart, that it really works and is not another trader's fallacy
Hey,lbranjord ;
In your system, have you changed the 5-minute rule to 15 minutes, or is that a typo?
the fact that it can be done is a great credit to the system. I've tried to code all the most stable systems I'm aware of and I must say, only 1 out of 5 bring in stable profit. But also, EA's have no discretion, so not all will work in this manner.
No, 15mn closing over the line is my confirmation tool. I follow the system otherwise. I'm not trying to change the rules though! I don't think anyone should. But entry and exit are up to the individual. My way has proven it's excellence to me so I stayed with it.
Any hints which are the other stable ones?
Thanks
Hittfeld
There's a mention on Forex Factory about some guy who trades with the 4HR, 60MIN and 15Min with a 60 SMA on all 3 charts which i read a while back which is similar
to CC's 3 ducks apart from he adds the CCI indicator. Doesnt really matter who was first to pass on the knowledge but im grateful to guys that do like CC as if you sit and think about it your trading with the trend which Elder also uses in his trading system.
Use this with your pinbars, inside bars and double tops and bottoms and throw in your breakouts and you make a nice little system along with some familiar chart patterns.
I think this system cant be purely mechanical as you need a little discretion with sound money management and hard stops so you can trade another day. On the other hand this sytem always shows some good trades on all instruments.
Would be good if somebody could code when the 4HR and 1 Hr drop below the 60min SMA on all instruments say on MT4 so you can watch the charts on the lower TF (15min or 5 mins)to get your entry right instead of flicking through the charts and losing concentration and you can then plot the S and R and the patterns forming. (Vice versa for long trades).
Ged
Anything utilizing Multiple Time Frames is imperative. Most winners look similar to the ducks and follow trend in a sensible way.
Other than that, range/reversal systems also work. Think about it, the market trends 20% of the time, so why try to thread the needle? Trade the range and you'll have your peak market conditions 80% of the time.
There's one somewhere on Forex factory, just has three arrows with labels. search their forum for 3 ducks.mql