Advanced strategy #10 (Trend Line Trading Strategy)

@Matt

I am the zappmail guy,lol (anyway to have my nickname displayed?)
Check the EUR/GBP for an example of a long setup (I am currently long) on the 4 hour chart.
Very clean and neat.

Hello,

Guys,I am sorry I made a mistake with my msn/yahoo ID,instead of biz.bold (at) zappmail.net please use ablearcher (at) zappmail.net I am really sorry for the typo.

Thanks for giving a little bit of feed back on your demo. If you don't mind, could you give a rough estimate of your average wins/loss, pairs traded,times traded and anything else that can help like max consecutive loss and wins.
I would have thought 6% is a very large trade but if all the stats add up i guess there is nothing wrong wih it.
Even if you could post some screen shots of your setups that'd also be appreciated.

Best of luck going live. Matt

I have been demoing this for a month now and have generated over 400% returns with about 6% at risk per trade.
I am going live in 6 days with a 4500 USD acc at FXCM.
If anyone here is already trading this strategy live or just doing a demo,add me on MSN messenger at biz.bold (at) zappmail.net or on Yahoo messenger (yahoo messenger supports the adding of msn contacts so it will work the same)and we can perhaps help each other in finding potential trade setups as it can become tedious to check many currency pairs and 4 eyeballs are better than 2 :P - let alone the timezone differentials.

Guys. When pros consistently tell you to trade with trend, then trendline is the best choice than MAs due to more people obey it and is more consistant and non-lag. Theres other strategies that may go with this one,, try looking at trendline breakout and Risk-reward page. Very helpful for me.

I want to thank Edward and Myronn for putting hard work in testing and developement of systems. Very rare in forex world where these kind of people exists.

Best Regards,
Raju

Hi all.

Just seeing if the 'User' 2 posts back could give an update on progress? I remember reading this system a while back but never really looked into it further, I guess because Myronn stopped posting but i can't remember. The thing i must have overlooked last time i read it was the trading times Myronn was using. Being in OZ myself i couldn't think of anything better than trading those times. Anyway, I hope you update us with your progress.

Matt

Myron,I love you.

tanks for all
zezo

Thank you, gskinner

your contribution is greatly appreciated!

Best regards,
Edward

Here is the ELD file:
ZIG_ZAG_2009-08-22-10-26-12-771_1.ELD

gskinner

Hi all!
We started to test this system on demo account in tradestation. I found a ZigZag script in old (TS2000i) format, made some changes, now it's works in TS8. The eld file contains 3indicators, functions etc., so you can use "ZigZag trend" indicator, in the inputs you can change the "retrace", I think 0.3 is the best choice, equal to MT4 indicator.
Hope this helps.

gskinner

Hey Myronn,
your system look good but i can't add your email yahoo say your email not valid

Thank you, Jacinto

Taking 9 MA into account everything went according to the plan.
There was one nasty retracement afterward though, which you successfully survived because your initial stop was placed correctly.

Well done and inline with the rules!

Best regards,
Edward

I Edward, i hope you are doing well.

I have a nice example trade for the Website on the Advanced # 10 Strategy.
see chart attached.
Please take a look at it and let me know what you think.

Using the 9 SMA as confirmation worked out very well.

Best regards
Jacinto.

Thank you. It means a lot to me and my team!

Happy trading!

Edward