Advanced system #14 (Simple trading with Daily range)

hi Alex

Could you please let me know.. what do you mean by AVG10 and how could it be calculated manually. I am not very familiar with the indicators.
Thanks for your co-operation.

TAKAHASHI

TAKAHASHI,

From your messages it looks like you have never lost or very rare with your system. But still I think its good idea to put some kind of protection. To me SL should be setup around 50% of AVG(10) or 100 pips. What do you think?

Alex

Hi TAKAHASHI,

Thanks for your update. I started to use your strategy with a minor modification.
Instead of constant 200 pips I use AVG(10) and for TP I take 25% of AVG(10). You can congratulate me with the first win:). I think your idea just GREAT!
Keep in touch.
Alex

Hi Thomas,'am indeed very sorry for the mis-use of words,I do not meant to insult your integrity.its just that,the question posted was not clearly answered which is why I reframe the question again.So,please Thomas forgive me for that action.
Thanks.
Ezekiel

Alright,
I'm backing off :) After all, I'm just a moderator here.

Thomas

Hi Thomas,'am sorry for your ignorance. You do not really understand what forex trading strategies is all about and moreover the question was not directed to you, was meant for Stuart.
Hi Stuart,sorry for the interruption. My 24hrs period is 21 to 21 GMT+1 and London trading session starts from 8.00am GMT.
My question is,would it be right to place my pending order by 21GMT+1 or I hold it till few minutes before London trading session open(8.00amGMT)?
Thanks.
Ezekiel

Hi Alex

I am trading very safely with minimum risk. My orders usually filled every second day. it means that I get 200 pips targets usually 15 days out of 30 days. but I have changed a little my strategy after a lot of observations. Now I trade in a little different way.

i lot 170 pips from daily PP....... ( Profit target 50 pips )
2 lots 240 pips from daily PP....... ( Profit target 80 pips )
3 lots 300 pips from daily PP....... ( Profit target 100 pips )

At the moment it works good.
Waiting for your suggestions and recommendations.

regards
TAKAHASHI

Dear Ezekiel

Edward just replied you few comment back that it is OK.
As you can see, we haven't heard from Stuart for a while now.

Thomas

Hi Stuart,Thanks once again.
Could you please tell me,My 24hrs Trading to be 21 to 21 GMT+1
Stuart,is it okay to place my pending order from 21GMT+1 Targeting london
session 8am GMT Trading?
Please your answer.
Thanks
Ezekiel

Hi Blinkers,

Here is the summary:
Any currency pair.
Any 24 hours period (the author uses 21:00 to 21:00 GMT+1)
Mark the High, Low and Close for selected 24 hours.

Entry - 25% of the previous day move
Take profit - same 25% of the previous day move
Initial fixed Stop loss is 100 pips.
If previous day move is under 100 pips, change the excel sheet data manually to 100 pips so that your entry is minimum 25 pips away (25%), OR don't trade that pair.

The revised excel sheet: LATEST_25_MOVE_1_rev.xls

Best regards,
Edward

Hi Guys,

Have read most of the posts so far but being a newbe I'm still finding my way. Would any of you mind posting the latest system as it has evolved from the beginging as I can't manage to put the pieces together to start using on my demo account.. I'm still learning all about the indicators and trends but I would like to try my demo account using this method. By the way this is a great site and has been very helpful for me so far.. Thank you all very much for contributing and especially to Edward. I hope some day to be able to contribute something back..

Blinkers..........

Hi Takahashi,

I like your idea very much. I'm just wondering if 200 pips not too far for one-day movements. Please tell me how often your orders occur?

Thanks,
Alex

Hi Fee Dee,

1 hour time frame is used when checking the Center of Gravity indicator.

Best regards,
Edward

Hi Stuart,

In what timeframe do you check Center of Gravity? Is it 1H or 1D ?

Best regards,
Fee Dee

Hi guys,

I can answer both questions.

To Ezekiel: you've got absolutely everything correctly.

To Ranau: PP stands for Pivot Point.

PP = (High + Low + close)/3

MOVE calculates total price move.
MOVE = High - Low

For stop loss it is a whole bunch of formulas. I suggest opening an Excel file and then click on the column with values you're interested in and there will be a formula in the field above, see the screenshot:

Regards,
Edward