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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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Dear Edward,

I have difficulty opening some of the files uploaded here, those .rar files.
Anyway to extract this folders? Thanks. NewBoy

Hi NewBoy,

Please email me the names of files (or a link to the webpage) using the contact form on this website.

I'll send you the files.

Regards,
Edward

hi folks, do you know about some online strategy builder and tester. I have concepts and ideas but no programming knowledge (e.g.mq4). I have tried strategy builder, but pretty much dissapointed by its limitations.
thanks,

Mat

Hi Mat,

this thread should help:
How to start writing a trading system?

Kind regards,
Edward

hi Edward ,

I am in deep trouble.My 4 accounts has been in die situation. All of them are ruling with the help of hedging. I desperately need a sure shot.Can you recommended me to give some useful and surely would hit.

Thank you,

Sorry, I don't solve such situations. I have no power to give any financial advice on this site, even if it means simply telling where to buy/sell tomorrow.

Kind regards,
Edward

Hi

I have been trading live for 3 years. I have finally begun to have consistency in my trading. Here is what has been working for me in summary:

1. I have a checklist that I do daily ( at the end of the trading day and at the start of the New York/European session). This checklist will highlight those conditions necessary to follow through with trade setups for my 3 trading strategies: 2 are trend based, 1 is range based.

2. Strategy 1. Tom Demark trendline hold strategy (as found on this site)
Strategy 2. Tom Demark trendline break strategy ( entry based on pull back after confirmed price action and momentum)
Strategy 3. Range upper and lower bound trading - I look only at traditionally ranging pairs eg. EUR/CHF, EUR/GBP, etc.

3. After doing my checklist I ONLY consider trades that meet my criteria. Otherwise I don't trade. If nothing triggers. I don't trade. PEIORD.

4. If and when a trade does trigger, I calculate my risk before time and use no more than 2-5% of my account on my stop loss. This allows me to open larger lot sizes, however to additionally manage my risk I use a partial close ea that ALWAYS brings each trade to breakeven after 10 pips plus 1 pip. I then take off my profits incrementally as the trade progreses. Although some may not suscribe to this method of profit taking , I have seen over time that this has worked bestfor me base on the current extreme volitility being experienced in the market. Because of this exit method I rearely have loosing trades. Even if I get stopped out after breaking even I have the oppourtunity to enter again on a better set-up.

5. I have found that systematically doing my trades in this manner has made be more successful as a trader over time.

Cheers
Giselle
Trinidad and Tobago

Hi Edward

May I suggest you add a section with point and figure trading. When the treders and broker working without computers, this system make a lot of money for them. I´m folow the system on stockcharts.com but is very dificult to find information and trading strategies for forex with this sytem.

Best regards,
Navar

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