Advanced system #13 (The Floor Trader System)
Submitted by Edward Revy on January 25, 2009 - 12:29.
Yesterday I've got another great feedback from one of our readers - Rahul.
He writes:
Hello Edward,
I think you are a very noble person because you are doing great work here helping newbies and also dispelling the popular myths about trading to show ppl the reality. I think you have a very good heart. Thank you for helping all our brothers and sisters out there in the forex world.
I have found a strategy which is the real thing .... it has been used by a contemporary of Denis Richard and used by many professional traders who have made millions from it.
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what is the meaning of setup pattern with help of which we put stop orders?
If anybody is interested in trading this strategy via a fully automated MT4 trading system then email me at csnowden@talk21.com. I'll happily provide a version of my software configured to trade this strategy.
The software can be configured to work with lots of different strategies and includes the ability to manage stop and take profit targets as separate strategies. Very powerful.
Chris.
Hello,
I am looking for an EA that uses the High + 2 Pips (Short) of the previous Bar as a Stop, with the rule that inside Candles are "left out" of counting until they break out. Has the advantage that it keeps you in the trade until it looses momentum. 5 Min. trading time frame. Alternative could be that the High of only every second bar becomes the Stop-Place, or that the bar has to close at least in the lower Half to become a Stop-Place. If not then the next bar (High) becomes without exception a Stop-Place. Not more than 1 candle can be "left out", next is Stop. And so on.
Any Ideas?
regards, Gerd
wow what a great strategy ! works well on D1 charts
thx all
this is the best strategy ...practice makes you prefect..chose a broker with low spreads and scalp with this strategy you will make good profit.
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