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Trading Methods, Techniques and Ideas

Dear Friends,

I'm glad to open a new section of our website dedicated to trading methods, techniques and ideas.
Here, me and my team, and hopefully you as well, will be sharing our favorite trading methods, for example, the best method to exit a trade, the best method to filter trading signals, a favorite method to identify ranging markets, a favorite entry method etc.


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Edward,

You have done a very good work gathering all these marvelous and very informative informations. I have learn a lot from your site (Midnite Setup System and Winning Risk:Reward Ratio are my two most favourite). I cannot thank you more for all your valuable sharings. A very kind-hearted of you. Thanks Ed.

I have been trading in live account since early this year and GBP/USD is my favourite pair since I have fall in love with its personality. I found out that, psychologicaly, live trading is totally totally totally differ from demo trading. Some more, the market seems so CRUEL to me. Very frustrating. Fortunately, Im on my way of recovery with the Midnite Setup System which I have done a little modification for my own use. Thanks to the founder.

Ed, I have an instinct that you must be among one of those 5% successful forex trader. Therefore, if you do not mind, is it possible if you can share with us/me with your personel trading method and money management?

Again, many thanks Ed.

Nique
Malaysia

Hi Nique,

Me and my team, we highly appreciate your feedback!

I'm always honest with my friends, I cannot share the exact rules of my own trading system and its money management. However, I've been sharing it to some extent in small bits on this website for 2 full years now. My own system combines various strategies on this website, including midnight setup, 9 EMA entry, advanced RSI +Stoch, Trend line break and some more. Basically I'm trading few strategies, each one for a different market.

It is also about my family and my wife, who trades with me, and as I mentioned earlier somewhere on this website, she is very protective about those strategies.
So, I'm trying to balance interests of everyone here :)

I hope you can understand me and be my frequent guest on this website.

Sincerely,
Edward

Thank you for your wonderful work on the site. I have been helped a great deal. Please how can I get a good MACd that has the two lines and the histogram my platform only have one line. thank you in advance for your help

Thank you for you feedback!

Here is a full version of MACD with a histogram and both lines.
Good_Macd.mq4

Instructions on how to add MT4 indicator are here: How to add MT4 indicators

Regards,
Edward

I would just like to pass something along with everybody since this website has given me so much. A great money management system is a 3:1 profit to loss ratio. I tend to use a 30 pip stop loss and aim to pick up at least 90 pips. A low risk way to catch large pips while using a small stop loss would be to look for trend line breaks and patterns. This way, you would have to be wrong three times in a row to give back what you already took from the market. Even if you lost once and won once, you already made back 2 times what you lost. Combine this with a 50 percent profitable trading system and pyramiding (averaging into a position) and you will become a millionaire in a few short years.

Hi Edward, I would like to thank you for all your wonderful trading strategies, I really like them a lot.
I'm sure these strategies can create profitable traders, when they're really passionate about forex trading.
I know I am thanks to such strategies, as you revealed on this website.
May I ask you what the percentage is of your profitable trades ?
Thanks and I wish everyone on this website a lot of trading success.

Regards,
Erik
Belgium

Thank you Erik,

My winning rate is about 65-75% on average. Sometimes a bit lower/higher depending how favorable the market conditions are.

Best regards,
Edward

Hi guys,

thanks for the work you put in! Anychance someone may do some analysis on the "Delphi scalper system".

mainly looks like it uses highr time frame s&r but the indicators functionality with that is interesting!

Thanks!