Advanced system #14 (Simple trading with Daily range)

Hi,
can the user who said they made 800 pips and then a further 1117 pips (presumably the same person) say whether or not they used the system in its ORIGINAL format, including stop loss set at 10 pips above the opposite order level as per Stuarts method, or whether it was modified to obtain these results. Also Stuart, regarding the person selling an EA of the system. I totally agree with you and it's bang out of order, but unfortunately that's the type of person who are attracted to these forums

Hi all,
Please stuart can you make a sumary of the phases the system passed through the latest versiona and the latest spread-sheet
THanks
God bless you

Stuart,
Have you ever considered entering right before big events (rate decisions, GDP announcements etc)? For example, on the basis of the closing price of the last hour before the event? It should work, and maybe in these situations we could pretend to even more pips than 25% of previous day range?
I am really very interested in the system and would be happy to keep discussing and analyzing it.
Regards,
Indrek

Any fresh results from anybody?
My analysis shows that 33 % rule may work better for most pairs (surely for most volatile ones) than 25 %. I mean: entry = close +/- 33% of daily average. In this case I would even use the same 33 % as a stop loss, so stop loss would be at the entry point.
And one more thing that I am analyzing right now: if it is clever to close the opposite order when one triggers.
If anybody is interested in these calculations I do - I will be happy to share the results.

Indrek

I spent some hours today to analyze the strategy on April's data - to find out possible profits and losses from trading different pairs. And I did it on the basis of USD, not pips. The result was quite interesting and very clear:
1) AUDUSD, EURJPY, GBPJPY, USDCHF, USDCAD, EURUSD - good profit;
2) USDJPY, GBPUSD - result is around zero ("much trouble for nothing");
3) EURGBP - on the loss side (absolutely irrational and dangerous pair).

Indrek

please stuart,
if you can make a summary of the phases and the sytem thorugh its phases of development and if you can upload the latest spreadsheet and indicators
...thanks stuart god bless u all....

Hello Stuart,

thanks for your strategy.

but could you make the EA to place the pending orders instead of instant execution.

please try to make it work that way.

GOD bless you.

Thank

Hello everybody,

And greetings from Estonia!
This discussion has been absolutely amazing, and what a pity that I discovered it only today... This style of trading has been my idea for a long time but I have been too lazy to work on it. Instead, I have tried different stupid methods and indicators, and to be honest - without success.
From now on, I am a big fan of Stuart and will follow further discussion here with keen interest. Meanwhile, I post a file that I made for myself today after reading all the posts here. What you need to do is to fill the blue squares. There are 6 pairs right now, for I trade only those but everybody can widen and modify it.
Entry-TP-SL.xls

Best regards,
Indrek

what currencies are u guys using, and what time frame thanks

I made another 1117 pips this week. Thanks Stuart for your strategy. :)

Hi Stuart,

I think that I speak for most and wanted to just say thank you for your strategy and hard work that you have put into it. I think everyone is very excited to see your results for the month of April and see how well this wonderful strategy ended up. I have been trading this strategy for about a week now and feel very confident in my results. Thanks again Stuart and look forward to hearing from you soon.

So Stuart what been your results lately?

Last Week I made 800 pips with this method. thanks guys I will keep testing it. :)

hi all,

Im a newbie to forex, but very excited about this system. Currently have a demo account on forex.com and need some help on finding the high,low,close for the previous day. When I hover over a given timeframe I seem to only get the high low close for the time period and not for the 24 hour period. I want to thank everyone for this great forum and would like to ask for help on getting the high low close. Thanks again everyone

Derek

Many2 Thanks Guys, you all are Great.

Kind Regards;

Manus168