#4 Patrick's trading system

Indeed i trade montly on daily tmf, i never scalp. This is because i have a broker Myprivatetrade who gives me a spread of 5. There is an affiliate program involved where i earn as much as a daily job. This is because in Belgium and neighbourcountrys trading is quite new.
By the way scalping is not good for my emotions i don't feel comfortable doing that.

No, I have seen this expert advisor at Metatrader4, but I do not know how to use it:) I trade mostly manually and I devised my system from practical experience and thinking. I am changing my system depending on situations, currencies ,how much I have on my account and so firth. I can trade on more, but I think right now I have a good balance between risk and profit, so with this balance I do not think it is wise to become more aggressive. Plus I am trading without any emotions now which is a huge help.
So, you are trading daily charts? It means you are not scalping? I check all charts, need to see total trend and where the currency is generally moving or might move.

Yeh man, that is a really great post!
Sorry but i have to say this, maybe you can advice some people. If you are able to develop your own system without using any basic system then you know what you are doing. Are you using an expert advisor? or do you trade manual?
I trade only my own system but still learning from what other people tell me.
The system from this post is my system when i am watching the charts. I have another daily system where i make the big runs on the daily chart from several hunderd pips. It would be a dream if someone could help me to make an expert advisor for it. Then i could trade fully automated!!!

No, mine is my original system. I never used any other guys system to create my own. I even did not try anyone's system. In the beginning mine was a raw system. While trading demo trading with Metatrader 4, mostly Alpari and ForexGen, i was able to double account within 2 weeks. However when is started live trading there was a problem. Metatrader has 2 pips spread. and my system was adjusted to it. But with ECN broker, I had to actually pay 4 pips spread. 2 pips spread on average plus 2 pips commissions which are virtual killers. These commissions were eating what I used to earn and were increasing my risk considerably. i started trading very aggressively. And within one week made more than $100 on $600, but then transferred more money to account and then one day lost not only what i earned but plus $400. And then I started working on my system and plan and finally came to this. However, i will change it as soon as I have more money on my account.
So, I never asked anyone to help me and did not use anyone system to create my own. Everything from my own experience, taking into account my character and my way of thinking.

I find it useless to use any of signals and any systems produced by other people. Those systems might work well for those who invented them, but not for other guys. It is because personality has a lot to do with success as a trader and with a system. I started trading same time as Patrick. My first demo trade in MT4 was in the end of April. I am on live non dealing desk account right now (not MT4 broker) for already about a month. I suffered 1 big loss in the beginning because my strategy then was raw and I was not able to control emotions. But this is over. I am in control now and making consistent returns:) My system works for me but I doubt it will work for others for the same reason I mentioned before. Different personalities, level of abilities and character. I am trading micro account of $700. here is my chat for this week. Please note, not a single loss...

trade Summary
Date Event Volume Curr Pair Price P&L P&L USD Commission
7/14/2008 5:30:28 AM Buy 1000 EUR/JPY $169.1700 $0.00 $0.00 ($0.08)
7/14/2008 5:34:58 AM Sell 1000 EUR/JPY $169.2000 $0.28 $0.28 ($0.08)
7/14/2008 12:33:57 PM Buy 1000 EUR/JPY $169.1200 $0.00 $0.00 ($0.08)
7/14/2008 12:34:17 PM Sell 1000 EUR/JPY $169.1300 $0.09 $0.09 ($0.08)
7/14/2008 12:34:41 PM Buy 1000 EUR/JPY $169.1300 $0.00 $0.00 ($0.08)
7/14/2008 12:38:14 PM Sell 1000 EUR/JPY $169.1800 $0.47 $0.47 ($0.08)
7/14/2008 12:43:34 PM Buy 1000 EUR/CHF $1.6182 $0.00 $0.00 ($0.08)
7/14/2008 12:45:39 PM Buy 2000 EUR/CHF $1.6175 $0.00 $0.00 ($0.16)
7/14/2008 1:03:02 PM Buy 3000 EUR/CHF $1.6166 $0.00 $0.00 ($0.24)
7/14/2008 1:39:58 PM Sell 6000 EUR/CHF $1.6175 $1.97 $1.97 ($0.48)
7/14/2008 1:44:01 PM Buy 1000 EUR/JPY $168.9300 $0.00 $0.00 ($0.08)
7/14/2008 1:46:00 PM Sell 1000 EUR/JPY $168.9600 $0.28 $0.28 ($0.08)
7/14/2008 1:46:13 PM Buy 1000 EUR/JPY $169.0100 $0.00 $0.00 ($0.08)
7/14/2008 1:48:52 PM Buy 2000 EUR/JPY $168.9380 $0.00 $0.00 ($0.16)
7/14/2008 1:59:35 PM Sell 3000 EUR/JPY $168.9900 $0.79 $0.79 ($0.24)
7/14/2008 2:03:11 PM Buy 1000 EUR/JPY $168.9700 $0.00 $0.00 ($0.08)
7/14/2008 2:13:44 PM Buy 2000 EUR/JPY $168.8800 $0.00 $0.00 ($0.16)
7/14/2008 2:34:11 PM Sell 3000 EUR/JPY $168.9400 $0.85 $0.85 ($0.24)
7/14/2008 3:04:49 PM Buy 1000 EUR/CHF $1.6167 $0.00 $0.00 ($0.08)
7/14/2008 3:22:28 PM Sell 1000 EUR/CHF $1.6173 $0.58 $0.58 ($0.08)
7/14/2008 3:27:41 PM Buy 1000 EUR/CHF $1.6173 $0.00 $0.00 ($0.08)
7/14/2008 3:32:46 PM Sell 1000 EUR/CHF $1.6176 $0.30 $0.30 ($0.08)
7/15/2008 9:18:38 AM Buy 1000 EUR/CHF $1.6067 $0.00 $0.00 ($0.08)
7/15/2008 9:24:56 AM Sell 1000 EUR/CHF $1.6070 $0.30 $0.30 ($0.08)
7/15/2008 9:26:15 AM Buy 1000 EUR/CHF $1.6070 $0.00 $0.00 ($0.08)
7/15/2008 9:36:26 AM Buy 2000 EUR/CHF $1.6063 $0.00 $0.00 ($0.16)
7/15/2008 10:00:24 AM Buy 3000 EUR/CHF $1.6052 $0.00 $0.00 ($0.24)
7/15/2008 10:02:05 AM Buy 4000 EUR/CHF $1.6040 $0.00 $0.00 ($0.32)
7/15/2008 11:03:37 AM Sell 10000 EUR/CHF $1.6055 $3.86 $3.86 ($0.80)
7/15/2008 11:10:52 AM Buy 1000 EUR/CHF $1.6063 $0.00 $0.00 ($0.08)
7/15/2008 11:25:46 AM Sell 1000 EUR/CHF $1.6066 $0.30 $0.30 ($0.08)
7/15/2008 11:29:30 AM Buy 1000 EUR/CHF $1.6058 $0.00 $0.00 ($0.08)
7/15/2008 11:34:00 AM Buy 2000 EUR/CHF $1.6045 $0.00 $0.00 ($0.16)
7/15/2008 11:36:57 AM Sell 3000 EUR/CHF $1.6053 $1.09 $1.09 ($0.24)
7/15/2008 11:37:15 AM Buy 1000 EUR/CHF $1.6054 $0.00 $0.00 ($0.08)
7/15/2008 11:39:14 AM Sell 1000 EUR/CHF $1.6057 $0.30 $0.30 ($0.08)
7/15/2008 11:41:17 AM Buy 1000 EUR/CHF $1.6053 $0.00 $0.00 ($0.08)
7/15/2008 11:42:04 AM Sell 1000 EUR/CHF $1.6056 $0.30 $0.30 ($0.08)
7/15/2008 11:45:17 AM Buy 1000 EUR/CHF $1.6050 $0.00 $0.00 ($0.08)
7/15/2008 11:50:26 AM Sell 1000 EUR/CHF $1.6051 $0.10 $0.10 ($0.08)
7/16/2008 5:31:38 AM Buy 1000 EUR/CHF $1.6047 $0.00 $0.00 ($0.08)
7/16/2008 5:48:17 AM Buy 2000 EUR/CHF $1.6034 $0.00 $0.00 ($0.16)
7/16/2008 5:52:46 AM Buy 3000 EUR/CHF $1.6022 $0.00 $0.00 ($0.24)
7/16/2008 6:07:33 AM Sell 3000 EUR/CHF $1.6033 $0.99 $0.99 ($0.24)
7/16/2008 6:07:37 AM Sell 3000 EUR/CHF $1.6034 $1.26 $1.26 ($0.24)
7/16/2008 6:08:03 AM Buy 1000 EUR/CHF $1.6039 $0.00 $0.00 ($0.08)
7/16/2008 6:12:49 AM Buy 2000 EUR/CHF $1.6025 $0.00 $0.00 ($0.16)
7/16/2008 6:16:29 AM Buy 3000 EUR/CHF $1.6017 $0.00 $0.00 ($0.24)
7/16/2008 6:21:44 AM Buy 5000 EUR/CHF $1.5999 $0.00 $0.00 ($0.40)
7/16/2008 6:49:55 AM Sell 11000 EUR/CHF $1.6015 $3.02 $3.02 ($0.88)
7/16/2008 6:50:41 AM Buy 1000 EUR/CHF $1.6012 $0.00 $0.00 ($0.08)
7/16/2008 6:52:33 AM Sell 1000 EUR/CHF $1.6015 $0.28 $0.28 ($0.08)
7/16/2008 6:54:14 AM Buy 1000 EUR/CHF $1.6010 $0.00 $0.00 ($0.08)
7/16/2008 6:54:55 AM Sell 1000 EUR/CHF $1.6013 $0.31 $0.31 ($0.08)
7/16/2008 11:22:51 AM Buy 1000 EUR/JPY $165.9700 $0.00 $0.00 ($0.08)
7/16/2008 11:30:41 AM Sell 1000 EUR/JPY $166.0100 $0.38 $0.38 ($0.08)
7/16/2008 12:03:53 PM Buy 1000 EUR/JPY $165.7600 $0.00 $0.00 ($0.08)
7/16/2008 12:06:31 PM Sell 1000 EUR/JPY $165.7920 $0.31 $0.31 ($0.08)
7/17/2008 5:28:42 AM Buy 1000 EUR/CHF $1.6133 $0.00 $0.00 ($0.08)
7/17/2008 6:29:20 AM Sell 1000 EUR/CHF $1.6140 $0.66 $0.66 ($0.08)
7/17/2008 6:33:08 AM Buy 1000 EUR/CHF $1.6139 $0.00 $0.00 ($0.08)
7/17/2008 6:36:34 AM Sell 1000 EUR/CHF $1.6143 $0.40 $0.40 ($0.08)
7/17/2008 6:46:30 AM Buy 1000 EUR/CHF $1.6138 $0.00 $0.00 ($0.08)
7/17/2008 6:51:03 AM Sell 1000 EUR/CHF $1.6141 $0.28 $0.28 ($0.08)
7/17/2008 8:27:35 AM Buy 1000 EUR/CHF $1.6136 $0.00 $0.00 ($0.08)
7/17/2008 8:30:32 AM Sell 1000 EUR/CHF $1.6138 $0.20 $0.20 ($0.08)
7/17/2008 8:43:35 AM Buy 1000 EUR/CHF $1.6152 $0.00 $0.00 ($0.08)
7/17/2008 8:44:02 AM Sell 1000 EUR/CHF $1.6155 $0.29 $0.29 ($0.08)
7/17/2008 8:47:15 AM Buy 1000 EUR/CHF $1.6152 $0.00 $0.00 ($0.08)
7/17/2008 9:07:09 AM Buy 2000 EUR/CHF $1.6141 $0.00 $0.00 ($0.16)
7/17/2008 9:12:08 AM Sell 2000 EUR/CHF $1.6147 $0.42 $0.42 ($0.16)
7/17/2008 9:12:30 AM Sell 1000 EUR/CHF $1.6149 $0.41 $0.41 ($0.08)
7/17/2008 9:14:20 AM Buy 1000 EUR/CHF $1.6146 $0.00 $0.00 ($0.08)
7/17/2008 9:15:30 AM Sell 1000 EUR/CHF $1.6150 $0.39 $0.39 ($0.08)
7/17/2008 9:19:11 AM Buy 1000 EUR/CHF $1.6150 $0.00 $0.00 ($0.08)
7/17/2008 9:38:59 AM Sell 1000 EUR/CHF $1.6153 $0.30 $0.30 ($0.08)
7/17/2008 9:51:01 AM Buy 1000 EUR/CHF $1.6155 $0.00 $0.00 ($0.08)
7/17/2008 10:07:53 AM Buy 2000 EUR/CHF $1.6145 $0.00 $0.00 ($0.16)
7/17/2008 10:09:56 AM Sell 2000 EUR/CHF $1.6151 $0.52 $0.52 ($0.16)
7/17/2008 10:10:55 AM Sell 1000 EUR/CHF $1.6153 $0.46 $0.46 ($0.08)
7/17/2008 10:11:12 AM Buy 1000 EUR/CHF $1.6152 $0.00 $0.00 ($0.08)
7/17/2008 10:18:11 AM Sell 1000 EUR/CHF $1.6155 $0.29 $0.29 ($0.08)
7/17/2008 10:25:58 AM Buy 1000 EUR/CHF $1.6152 $0.00 $0.00 ($0.08)
7/17/2008 10:32:02 AM Sell 1000 EUR/CHF $1.6155 $0.29 $0.29 ($0.08)
7/17/2008 10:32:21 AM Buy 1000 EUR/CHF $1.6151 $0.00 $0.00 ($0.08)
7/17/2008 10:33:25 AM Sell 1000 EUR/CHF $1.6153 $0.20 $0.20 ($0.08)
7/17/2008 10:41:59 AM Buy 1000 EUR/CHF $1.6149 $0.00 $0.00 ($0.08)
7/17/2008 11:00:56 AM Sell 1000 EUR/CHF $1.6152 $0.30 $0.30 ($0.08)
7/17/2008 11:01:27 AM Buy 1000 EUR/CHF $1.6148 $0.00 $0.00 ($0.08)
7/17/2008 11:08:24 AM Buy 2000 EUR/CHF $1.6140 $0.00 $0.00 ($0.16)
7/17/2008 11:13:22 AM Sell 3000 EUR/CHF $1.6146 $0.98 $0.98 ($0.24)
7/17/2008 11:14:20 AM Buy 1000 EUR/CHF $1.6144 $0.00 $0.00 ($0.08)
7/17/2008 11:23:45 AM Sell 1000 EUR/CHF $1.6146 $0.20 $0.20 ($0.08)
7/18/2008 4:30:31 AM Buy 1000 EUR/CHF $1.6174 $0.00 $0.00 ($0.08)
7/18/2008 4:35:13 AM SellSht 1000 EUR/CHF $1.6177 $0.29 $0.29 ($0.08)
7/18/2008 4:35:30 AM Buy 1000 EUR/CHF $1.6178 $0.00 $0.00 ($0.08)
7/18/2008 4:40:59 AM Sell 1000 EUR/CHF $1.6181 $0.31 $0.31 ($0.08)
7/18/2008 4:41:47 AM SellSht 1000 EUR/CHF $1.6183 $0.00 $0.00 ($0.08)
7/18/2008 4:54:19 AM Buy 1000 EUR/CHF $1.6180 $0.29 $0.29 ($0.08)
7/18/2008 4:54:48 AM Buy 1000 EUR/CHF $1.6179 $0.00 $0.00 ($0.08)
7/18/2008 4:59:57 AM Sell 1000 EUR/CHF $1.6181 $0.20 $0.20 ($0.08)
7/18/2008 5:00:48 AM SellSht 1000 EUR/CHF $1.6186 $0.00 $0.00 ($0.08)
7/18/2008 5:20:42 AM Buy 1000 EUR/CHF $1.6183 $0.29 $0.29 ($0.08)
7/18/2008 5:21:10 AM Buy 1000 EUR/CHF $1.6183 $0.00 $0.00 ($0.08)
7/18/2008 5:30:40 AM Sell 1000 EUR/CHF $1.6186 $0.31 $0.31 ($0.08)
7/18/2008 5:32:44 AM SellSht 1000 EUR/CHF $1.6188 $0.00 $0.00 ($0.08)
7/18/2008 5:47:58 AM Buy 1000 EUR/CHF $1.6185 $0.29 $0.29 ($0.08)
7/18/2008 5:49:58 AM Buy 1000 EUR/CHF $1.6185 $0.00 $0.00 ($0.08)
7/18/2008 5:51:48 AM Buy 2000 EUR/CHF $1.6177 $0.00 $0.00 ($0.16)
7/18/2008 6:00:37 AM Sell 2000 EUR/CHF $1.6183 $0.65 $0.65 ($0.16)
7/18/2008 6:01:59 AM Sell 1000 EUR/CHF $1.6183 $0.35 $0.35 ($0.08)
7/18/2008 6:07:11 AM Buy 1000 EUR/CHF $1.6181 $0.00 $0.00 ($0.08)
7/18/2008 6:23:11 AM Sell 1000 EUR/CHF $1.6186 $0.46 $0.46 ($0.08)
7/18/2008 6:25:41 AM SellSht 1000 EUR/CHF $1.6185 $0.00 $0.00 ($0.08)
7/18/2008 6:26:25 AM Buy 1000 EUR/CHF $1.6182 $0.29 $0.29 ($0.08)
7/18/2008 6:27:24 AM Buy 1000 EUR/CHF $1.6179 $0.00 $0.00 ($0.08)
7/18/2008 6:30:08 AM Sell 1000 EUR/CHF $1.6183 $0.42 $0.42 ($0.08)
7/18/2008 6:30:24 AM SellSht 1000 EUR/CHF $1.6194 $0.00 $0.00 ($0.08)
7/18/2008 6:34:46 AM SellSht 2000 EUR/CHF $1.6200 $0.00 $0.00 ($0.16)
7/18/2008 6:38:10 AM Buy 2000 EUR/CHF $1.6195 $0.64 $0.64 ($0.16)
7/18/2008 6:40:58 AM Buy 1000 EUR/CHF $1.6195 $0.36 $0.36 ($0.08)
7/18/2008 8:50:25 AM Buy 1000 EUR/CHF $1.6188 $0.00 $0.00 ($0.08)
7/18/2008 8:51:00 AM Sell 1000 EUR/CHF $1.6192 $0.39 $0.39 ($0.08)
7/18/2008 8:52:41 AM Buy 1000 EUR/CHF $1.6193 $0.00 $0.00 ($0.08)
7/18/2008 8:56:57 AM Sell 1000 EUR/CHF $1.6195 $0.20 $0.20 ($0.08)
7/18/2008 8:58:11 AM Buy 1000 EUR/CHF $1.6193 $0.00 $0.00 ($0.08)
7/18/2008 8:59:47 AM SellSht 1000 EUR/CHF $1.6196 $0.29 $0.29 ($0.08)
7/18/2008 9:04:51 AM Buy 1000 EUR/CHF $1.6194 $0.00 $0.00 ($0.08)
7/18/2008 9:42:22 AM Buy 2000 EUR/CHF $1.6184 $0.00 $0.00 ($0.16)
7/18/2008 10:32:02 AM Sell 2000 EUR/CHF $1.6190 $0.52 $0.52 ($0.16)
7/18/2008 10:33:43 AM Sell 1000 EUR/CHF $1.6191 $0.36 $0.36 ($0.08)
7/18/2008 10:38:01 AM Buy 1000 EUR/JPY $169.1200 $0.00 $0.00 ($0.08)
7/18/2008 10:43:49 AM SellSht 1000 EUR/JPY $169.1500 $0.28 $0.28 ($0.08)
7/18/2008 10:45:25 AM Buy 1000 EUR/JPY $169.1200 $0.00 $0.00 ($0.08)
7/18/2008 10:46:24 AM Sell 1000 EUR/JPY $169.1400 $0.19 $0.19 ($0.08)
135 trades 204000 $32.39 ($16.32)

Hi Patrick,

How long have you been trading this startegy?
Can you post a copy of your profit/loss statment?

Thanks
Mico

what is the difference between open EMA and close EMA.

hey patrick, I am new in forex ..can you explain me exactly what do you mean by Breakout (When you get the signal go to 1h chart and watch for the breakout on that chart)
Thx you ..

Hey patrick can you make a signal that takes account of both ema and ADX cross overs

Hola Patrick
Mi nombre es vicente, no hablo ingles, hablo español, ojala me puedas contestar.
Tu sistema en grafico de que tiempo funciona? 15M, 30M, o 1H.
Yo estoy confundido porque en tiempos menores me salen bastantes señales, pero en una hora me salen menos, cual de ellas es una orden valedera, o que valga para entrar al comercio?.

En todo caso agradezco, a ti y a esta pagina por hacernos conocer gente de todo el mundo con un mismo fin, o un mismo camino. El Forex.

Gracias

Atte.

Vicente

Hello Patrick
My name is vicente, I do not speak English, I speak Spanish, I hope I can answer. Your system at that time graphic work? 15M, 30M, or 1H.

I am confused because I get quite a few times smaller signals, but within an hour I get less, which one is a valid order, or that worth to enter the trade?. In any case thank you and this site by us to meet people from around the world with the same goal, or a single path. The Forex.
Thanks

Vincent

Just wanted to thank you for this system, I will try and review it.

For some reason I find the ema 34 and 89 useless.

I am trying it on the 15 min chart, and with a stop-reverse strategy someone could consistently get 30 or more pips daily from the look of it.

I will get back to you one I am done

Samuel