oshun123

I did not understand your question. What exactly happened?

It is a pity entering 18 trades with Buy and Sell Limit orders and finish just one +$13.50.

What's wrong with the limit orders? Broker FXCM.

Hermes

It's the broker server time. Mine for example is GMT+2

hi Oshun123,

 

May we know the trading hours from 2000 to 0600 is based on London timing or some broker server time?

 

Most brokers does not change their server time when London is in DST. Most brokers adjust their server time based on NY DST.

 

Please let us know so that we could make the necessary adjustment. Thanks.

Well, somehow almost every EA is a copy of another one. Just check out what's on the market:

- Scalpers which look great with their high hit rate of more than 90% but only until the first SL is hit...(Megadroid, EA Shark etc.)

- Grid trader or grid's enhanced with martingale (Cablerun, Indorun etc.)

- EA's using some kind of technical analysis which have a lower hit rate but as well a better RR-Ratio. They perform for some time and when conditions change it's over (Growthbot etc.)

In case of scalpers i really wonder how a EA would perform which decides the entry time just by a simple dice decision (yes/no). I assume there would not be any difference . Give a trade enough place (a huge SL) and most times you win...before the SL hits. etc.)

Regarding the comparision with Indorun: yes of course it's similar, as Indorun is based on cable run. Difference is that Indorun has trade entry logic added (applying technical analysis), cable run just enters the market as soon as the EA is activated. Not any logic at all. As I mentioned, i don't think it makes any difference.

Regarding my live account: I was trading several times (most times cablerun) and learned that huge drawdown can be avoided by trading tiny lot sizes compared with the account size. My Sevenpips Demo account is a combination of gridmeupfx and my own EA. Main goal for me is to add features to the EA which avoid risk, like in cases when loosing connection to my VPS etc.

My experience from manual trading is that the smaller the timeframe i used only watching the price action I had a hit rate of 65-70% (10 pip target with EURUSD, SL max. 20 pips). Any kind of indicator was not really a big difference to sucessful trading. Just watching tick by tick in my MT4 terminal is enough. Unfortunately this kind of very short time trading costs a lot of screen hours, therefore I try grid trading.

I use GBPUSD, the timeframe does not matter for my EA as no indicators are used...but it makes a difference for gridmeupfx as they added ATR and MACD indicators for entry decisions.

For example how much was the highest DD or how many times qualitative and quantitative the EA lost during your trading period on live account and for how long are you trading the EA on live account?

What pair fits the best for the EA on what TF? M15 GBPUSD?

Actually, it looks very much like copy of IndoRun.

Thanks Hermes

The so-called link to my so-called sale site is nothing else than a recommendated EA i am using. The same way as i recommend other sites like www.ashraflaidi.com and don't tell me i am this guy as well...please do not tell lies here. I asked you already what would be a proof for you that i do not want to sell you anything but there was no answer...is there anything which would be proof enough for you or anyway this is not possible, because in this case we could stop the useless conversation.

Tell you more about my EA? Well, that's a very superficial question...what would you like to know?..could you please be more precise?

oshun, your http:// 7 pips.com from first post took me to your Website where http://gridmeupfx.is-leet.com/ took me to your sale site! v3.2 reduced from 39.95 to 29.95 (special) Gridmeup FX (or I grid you up FX?). Do you have something to say?

By the way no hard feeling just FX education. We should forget all the not productive female yapping.

OK, tell us more about your tweak on Cablerun EA, we are all ears around.

Cheers Hermes

I even don't know what you are talking about, what is v3.2? What am i selling? Not here and not somewhere else i am selling anything... Is it clear now ?

But let's make it simple:

- I came here to offer something for free

- you immediately started to accuse me without the slightest proof

- I told you that i do not want to sell anything

- You continue accusing me...

So, Hermes, tell me: what would be a proof for you that i am not here to sell you something...or are you just doing this because you like to annoy the people?

Anyway, let's stop this childish conversation now.

The settings I am using are like this:

170 is the pipstep (i.e. 17 pips at a 5 digit broker)

I trade from 19 GMT until 7GMT

I activate spike protection if next tick is up 20 pips for 5 minutes

I set catastrope stop loss at 400 pips in case for some reason i can't access my account.

I trade 0.1 lots which gives me enough room for trades going against me and delivers 0.2-0.5% daily

I trade successfully 3 EAs on one $1,500 live micro platform and didn't have a margin call yet, not even near. MM is very important factor and I agree with you that to have enough money in account and trading low lots is the answer. My recommendation is minimum $1,000 for micro and $10,000 for mini accounts.

What are you telling me you are not selling the v3.2 for $29 and something?

Put the settings here on forum instead of dragging people to your facelift website and try to make them soft.

Don't worry most of us on forum are not FX greenhorns but old FX Foxes who don't jump anymore on FX sellers scams.

Thanks Hermes

Thanks for putting the link to the EA here.

If anybody is interested I can give you advises how (regarding money management etc.) you should trade this EA.

Looking at the myfxbook website i see always the same pattern of accounts being traded with a grid trader: up up up -> down -> margin call.

That's not how it works. You have to trade really small lot sizes and have enough money to take some drawdown periods.theiur

People become enthusiastics when they see their account size doubling within a few weeks but be ensured, sooner or later the account will be blown up.

Hermes, I really don't care about your offensice comments. It needs balls to put such an amount of money at risk without proper money management but having stop losses in the market and keeping risk per trade low is the magic...(and btw, that's another feature i added: stop losses - cablerun does not use them which is a huge risk). No, i did not create an sucessful EA. They basically don't exist. Money management is the key to success. All this people complaining about grid traders try to get rich with an USD 500 account...that's not possible. But you can successfully trade a huge account with relatively small gains (as i mentioned)...you need money to make money, like always in life. That's the advantage of grid trading, you don't have to guess the direction, you rely on your money management.

It does not need a lot of experience to program an EA like cablerun, it's a few lines of C-source. There is not any trading logic inside, just entering limit orders in both direction and keep buying/selling in case trade goes against you. But even this few lines of code the creators of cablerun messed up. The trade close logic was counting the number of open trades wrong.

You can download the EA from my site and put it here. I only see add buttins for videos and fotos, no other file formats.

It's kind of a strange conclusion if you think i am an advertiser...i just wanted to give something for free and I am sure you would get some knowledge out of the website i am building up but all you do is offending me. This kind of behaviour will not be the key to success in your life...

Don't worry administrators will relocate the EA. To have $26,000 in equity to trade EA you must have a balls.

You create successful EA and don't know how to post it? Give me a break! Oshun you are foxy advertiser! Put the v3.2 here as we all share what we can. What we cannot share we don't post.

I assume that the v2.0 is not protected against spikes?

Cheers Hermes

Whoever is interested, i created an enhanced version of a grid trading EA based on the idea of the cablerun 3.0 EA (which is full of bugs, it even is not closing all the trades it opened as the for{...} statement is counting wrong.

New Features are:

- Spike protection if spike > n pips for m seconds for example: stop trading for 180 seconds in case of 20 pips spike. This could prevent order executions caused by bad ticks, in case of news events etc.

- If in a trade during "non trading times" the Ea tries just to close at break even

- I added comissions and swap costs to the profit target

- Added a visual information about the status of the EA like "Trading", "Ending just the open trade",

"stopped trading becuase out of time window","stopped trading because of spike" etc.

- Corrected all bugs i found

- more enhancements will be added in the future

You can download my EA from my website http://www.sevenpips.com (it's added to the group "live trading" as a document attachement) where i post all my trades (realy money account and demo) - manually or done by this EA -in realtime.

I run the EA on my real money account but only with 0.1 lots / USD 26000 account size and it makes consistently about 0.2-0.5% daily. Max drawdawn was USD 700 until now.

Just before any discussion starts: no, i don't want to sell anything at my site, i just have fun to have my own website ;-) Therfore all i ask you is ( in case you like my site ) to register. I will enhance the site a lot in the next weeks with features helpful for my trading.

Of course, you can download my EA and put it here, I just don't know how to post attachements here...

BR,

Oshun123

Hi guys,

I wonder if anybody actually was reading my post?

I just wanted to offer you some information about the manual trading method which makes me money. The EA you can download at my site was never the topic of my post. I even would not recommend trading any EA as from my experience the only way to consistently earn money is to learn how to trade.

You should be able to download the EA if you register the to the Exper Advisor group and ther you find a link with "group documents". Download it and put it here in the forum, that's ok for me.

I will use my own website for posting my trading stuff as I have there all the infrastructure which fits my purposes and I am not depending from somebody else. That's the reason.

This is very good Forum here. Why we have to visit other website and resister? If you really share with us, then right here. Thanks for share.

Hi everybody,

If you are interested in divergence trading (charts, trendlines, S/R etc.) you can see my trading results and useful information at my website:

www.sevenpips.com

I am trading 2 different accounts, one is up 120% within 6 months, the other one about 45%. This is no spam, I just would like to interchange some information about manual trading.

Have a nice weekend.

Hi,

Your system looks almost the same like the commercial ProFx 2.0 (which i trade quite successfully btw.). Am i wrong?

Hello All,

 

Yes we now have a updated version and with a little help from a few people (merian) in this forum have come up with a even better version - call it version 3.0 if you want.

 

In the original version you had to make sure ALL the indicators lined up, NOW a arrow ONLY prints if ALL the indicators line up.

 

So there is no guessing if the indicators are lined up, you know the deal "they sort of look like they are" "kind of are" "are they lined up?" You get the picture.

 

Now there is no guessing.

 

We have also added text to the set up outlining the entry, stop and first profit taking level PLUS actual lines on the chart to see the actual area where the stop should be placed, along with entry and profit taking first level.

 

My blog has the download link.

 

https://rapidshare.com/files/460613675/version_3.0_alphatrader.zip

 

Enjoy all!!!

 

One thing ..... I emphasize this ..... as good a method that I believe this is, you still need to have a good understanding of how the markets work and a solid foundation of basic market knowledge to MAKE any method work to it's full capacity.

 

Get good at understanding time frames, 4hr, daily, weekly, monthly (how they each "fit" into each other)

 

Get good at drawing trend lines.

 

Get good at understanding support/ resistance levels.

 

Remember that trendlines/ support/ resistance/ fib levels .... what ever you want to call them are "AREAS" they are not usually exact and to the pip.

 

Great Trading,

 

waterskiguy (skype)

 

http://www.alphatrader.ca

I picked up the original stuff and changed it to fit my trading style. As far as i have seen there have been a lot of changes and customization to the original stuff in this thread. You think there should be a new thread if the system is adjusted?

please keep this thread in line with waterskiguys original stuff

Very strange. I am not sure now if it works or not. I changed some things and hopefully this fixed the problem. Anyway, everbody who is registering will have the chance to win the EA without writing any comment. Sorry about the inconvenience. From tomorrow on i will start putting together step by step the way i am trading starting with preparation until close of the trade.

Thanks

just tried because of our friend Jayman007 :)

It is ok and works w/o any issues... but perhaps of some fix from oshun123...

Really strange. I wondered already why nobody was signing up. I will check this now

I have tried signing up at your blog but no matter what browser I use I cannot stayed logged in. Makes it impossible to make and posts.

Hi. I am using a chamged version of this system which gives me good trade signals:

I use the GannHiLo arrows and indicator at the top of the chart but instead of the RSIindicators at the bottom I use an indicator called fx5_divergence (you can download it for free at docs.mql4.com) which paints divergence lines at the chart. I draw trend lines and zones of support/resistance on my chart and whenever I get:

(1) a divergence

(2) a GannHiLo signal arrow

(3) against S/R or trendline

i enter the trade.

As you just trade against S/R or trendlines you can use a tiny stop loss of about 15 pips. If S/R is broken you want to be out of the trade anyway...

Take profit initially I set to 10 pips. I just use signals I seen on the hourly chart or 4 hours chart , below they are not reliable BUT i check fr S/R and trendlines up to the daily and weekly charts.

You can lookup my trading logs and methods at my blog http://www.sevenpips.com

BTW, if you register at my blog for free you can win the Leotrader Pro Expert Advisor. I am giving it away as I do not use it anymore. To be honest I am not a fan of EA's anymore.

Bidara, Nice looking chart.... I add fib pivots to my chart as well and have noticed the reversal on or at those lines, thanks for sharing...

Hi,

I will continue posting my trading methodology and account status at my site. I am running a combined strategy of live trading with expert advisors and manually (which I prefer right now). I am currently writing down my exact trading rules and will post them here soon in order to have some feedback from this community. I will also make my "trading checklist" available which I use before each trading activity starts.

At my website I will make my trading system available which is a combination of the Alphatrader system and the way Rob Booker and Joe the Trader (author of "5 Bullets") are trading...and before any questions arise: NO I DON'T WANT TO SELL ANYTHING...not now and not in the future...I just want to interchange information and have some kind of feedback from you.

See my up to date results and trade comments at my site:

www.sevenpips.com

BR

Oshun123

Thanks

That's down to the point. A system never makes you a successful trader. Doesn not matter if manual or automated ones.

Even expert advisors can be sucessful and each one has it's time. I give you an example:

(1) I run the cablerun EA if I see a consolidation area on GBPUSD

(2) I run Megadroid if the markets have been quiet (i.e. not trending) during the nights for a few days

(3) I run Forex Growthbot during days when there is a srtong trend

and: I always turn them off during news announcements, I check the charts for support/resistance before turning certain EA's on. You get the idea i think. I don't think you c.an be successful in turning on an EA and leaving it running hoping for consistent profits. It will not happen

I know waterskiguy and i also know he is not really using a system but more a method. But even if he was using a system and i talk about a bad 1 what most people find bad then he can still make money with it. People will ask how then my answer is simple it is not the system but the trader.

 

jj

Sure.

I check for divergences on the daily, 4 hours, hourly charts. I keep my charts up to date with trend lines and areas of support & resistance. If a see a divergence against some kind of support/resistance on any of this timeframes I get prepared for a trade. Now comes the "part of the system" of Alphatrader into action: I use it's Gann HiLo Activator Arrows as the actual entry signal. if a sell/buy arrow shows up on the chart I look at the price movement at this point in time (tick data) and if I see some kind of slowdown against ths support/resistance I take the trade with a tight stop loss and a initial profit target of 10 pips.

What I wanted to say since the beginning: I consider the indicators used in the Alphatrader System when used together with price action analysis quite useful. Used alone without being able to read a chart it's as useless as any system. I think no indicator can replace the experience you gather sitting many hours/days in front of your live charts and watching the price movements tick by tick.

I tested some other systems like MACD3 etc. and each of them combined with price action works quite well. Just using the system "as is" does not work.

Oshun123

 

Thank you for your reply, and appreciate you standing up to the plate and posting your results on myfxbook

 

Can you share how you do it with other members please?

Here we go...nothing to hide. If it ends up always like this when you are 100% sure i have to wish you good luck with your trade decisions...

My website: http://www.sevenpips.com

This account I trade mainly manually:

http://www.myfxbook.com/members/oshun123/patrick-megascalper/65835

Anyway, I am not here to discuss with you in a childish manner. All I say is a lot of systems can help to be successful. But number one always will be price action for me. Systems are just an additional visual aid.

I don't know what's the problem with the author. He gave a system for free and from all the stuff I have seen in this forum it was one of the most useful for me and please don't make the mistake and think you are the center of the world...you are not.

Can you post your results on myfxbook to see the 0.5% daily gain please? You can hide balance, trade history and what ever you want.

 

Considering that this is your fifth post, I can't really take your word for it, and I already know in advance (100% certain) that you

won't post them because they most likely either don't exist, or one to two months old.

 

If you can't see what is wrong with this system then you most likely do not know how to manually trade.

 

All that being said, I have to repeat what I have been saying over again that it is not the system that we are angry about, it is the way it has been presented/hyped by the author. The type of cheap presentation that ALWAYS raises a red flag.

My opinion

I am trading a modified version of this system and manage to pull out 0.5% on a daily base. If this system does not work for you fine.That's always like this. Before success comes the hard work...

I use only the GannHiLo together with 3 moving averages as dynamic support resistance and take profit/stop loss destinations (62/200/800 EMA) and a indicator which shows MACD divergences. That's all. I enter the market when

(1) I have the GannHiLo Signal

(2) I see a divergence

(3) and all this is against some kind of support/resistance (or Trendline etc.)

If the system does not work for you I guess I know the reason. It may be correlated with your character :))

There we go, waterski s*** has reistered with a new user ID and thrown another reply to hype up his threading

I still can't believe that a big portion of you I knowust simply don't see it!

I am runing a combined strategy using expert advisors (Megadroid, Forex Growthbot, Turbo Morning Trade) and manual trading (trends, S/R and divergences) on my two live accounts. I will post the results at my blog

http://www.sevenpips.com

or you can follow my live trades via twitter: