ForexRules

Hey freakgib, when you say the a lot of custom indicators don't work anymore after the latest build, are you referring to the mt4 or mt5 build?
 
Thanks for your support.

And you still have no idea what you're doing. I wouldn't be bragging if I were you moron.

Once again, another great share by Kraven. Thanks!

I post this trading system i've been using for a while now with good results. I put it on FF simply because it's much easier to post pic's etc..
 
http://www.forexfactory.com/showthread.php?t=340503
 
It's a simple system, works on price action reversals. i like it on the daily and 1hr TF as it's fairly stress free with the potential for good R:R. Basicaly i posted it for people who are not getting very far with there current systems, try it and give it all your attention for 2 weeks and see how you go. Enjoy

Yes he trades options.
 
It's called a round turn or round trip fee that an options broker charges or a commission if you like. So if a broker charges you say $10 r/t, than for every option contract you buy (call/put) your broker would charge $5 and another $5 to settle that contract.
 
For example, if he paid 2c option he would be charged $5 for that option and when he sold the option for $1.20 he would also get charged $5 ($10 r/t). Since you control 100 shares per option he would have paid $2 for the option and then made $120 when he sold the option. So he would have made $108 per contract after commission ($120 - $2 - $10)... my maths could be off a little but you get the idea. ;)
 
Just google it... hope that helps. :)

Lenry--
 
You've been a member here since April, 2010 and have never shared anything or even given thanks--why don't you buy it and share it?

Actually, this is a great question...which is a very profitable and proven chat room to trade. Hopefully people will reply with their suggestions and recommendations.

Can anyone recommend the current most profitable live chatroom or traderoom for forex intraday 15mins to 4hrs charting style? I'm not too concerned with costs but rather there must be proven track record of live calls in the room.
 
http://i.imgur.com/zvFam.png
 
http://i.imgur.com/6tej3.png
 
http://i.imgur.com/VyFaw.png
 
http://i.imgur.com/DTJKd.png
 
http://i.imgur.com/EI1So.png
 
http://i.imgur.com/BunU6.png
 
http://i.imgur.com/z1aIr.png
 
http://i.imgur.com/E13ei.png
 
http://i.imgur.com/SPzlw.png
(Right-Click --> View Image for better zoom)

Hi, Sound, ...lack of response..? Give us a chance!! Just seen this new thread as I have woken up this morning. You are dealing with the world here!!
Marchello is from Canada so he should be asleep by now, cannot remember where you are from but I am in Bulgaria for the moment and read your post over breakfast.
 
As for Skalper, no chance! You are dealing with too many individuals. Look at Kraven's old threads. He is a low level trader, makes enough to keep him each week. Using his methods as explained in the threads.
 
Look at FxFxFx's thread and see his system, totally different. But both are sucessful in their own way.
 
In my opinion all systems are successful and also un-successful depending how they are used. Better people than us have tried to make a universally workable system. It is just a case of getting something that works for you
 
Marchello's SM thread is too complex for me. Even if I put in the effort I don't believe that it would work for me.

Marchello,
 
Thanks for the "thanks" - judging by the lack of response I can see that folks are pretending what I've said isn't true, doesn't apply to them etc. or they've not realised the significance of what I've just posted :)
 
Guys, I've spent years doing exactly the same as you, trying hosts of manual systems and finding that none of them work for me. I've also tested hundreds of EAs, I've built various EAs as tests based on what were said at the time to be hugely accurate manual systems and none of this stuff worked.
 
The first thing to realise about trading is that you need to shake off your "9 to 5" delusions about what a job is. Trading isn't a "job" for starters and should never be treated as one - always treat your trading as a business where the main costs are your losses and your profits come from your "edge" in the markets. Don't turn up at your screen at 9am or whenever and expect to earn a living by sitting there trading for the next 8 hours and taking an hour for lunch. Trading doesn't work like that!!!
 
My profitablity increased significantly as soon as I realised that the less time I spend staring at the screens, the better my trades were. I can wander around the house doing other things and check on the screens every now and then to see what's happening. If something good has just started - then I jump in. If something good looks about to start then I'll sit in front of the screens to see how things progress, if price goes nowhere I'll do something else, otherwise I'll be in on a trade, and I'll either set a stop and target and go and do something else, or if I think that the trade may turn back again quite quickly then I'll watch it and make sure I don't let a winner turn into a loser.
 
Trading like this gives you an ability to see the market at a glance, because everytime you wander past and see the screens, your view of the market is not based on any preconceptions at all - you're just looking at the screen and saying to yourself "is there a trade setting up for me right now, or one just around the corner?".
 
For me this worked best to ensure that I only took the best trades - others may have better self-discipline. However, I know a lot of consistently profitable traders too and they'll all tell you the same thing "ONLY TAKE THE VERY BEST SIGNALS".
 
Some "systems" may not give great signals and I don't use a "system" as such - and nor does anyone else I know who does well in the markets.
 
Instead what you need to accumulate over time is a "trader's toolbox" of techniques which you find have worked for you personally. For example, if you always trade the open of the next candle after a good spike high or spike low and have normally profited - then that's one of the methods you put into your toolbox. If this method has worked for you then obviously you've mastered the right size of spike or maybe you combine this with price being outside the Bollinger bands too, or outside certain moving averages, or divergence against the RSI or whatever - it doesn't matter.
 
All this stuff comes from putting in the screen time, looking at signals from price action (rather than following rigid "system" rules) and then finding what works for you more often than not, and putting that method into your "toolbox".
 
Trading is a profession and like any other profession, it takes time to learn. Trading is deceptively simple and catches most newbies out because the markets constantly "do our heads in" - the moves make no sense, technical indicators don't work all the time, fundamental indicators don't work all the time etc.
 
Nothing works all the time in trading - it's not an exact science, despite what some TA afficionados will have you believe (I'm thinking of the Eliott Wave gang here lol). What you need to do to become a good manual trader is to first spend a lot of time following the markets (this is the only time when it's acceptable to spend 8 hours in front of a screen - when you're learning and on demo...). When you've done this for long enough and tried making all sorts of ****** trades as "tests", you'll begin to realise, that instead of making 50 trades a day and ending up with a huge loss (normally caused by chasing earlier smaller losses), it's not too much trouble to just make 2 or 3 trades a day and end up with a huge profit - even if one of those trades was a loser.

ok I have added sweet spots and fractals and the bottom heiken_ashi -- indicators
 
also have added to the manual section - same template with the added extra`s
 
"UPDATED"
 
hxxp://www.mediafire.com/?ejbql27rbb7tmrv

Here is the system that I have put together ... "Dynamic Fx"
 
I have not included the MTF indicator on the bottom as it doesn`t need it
and also have not included the red and blue arrows_sup/res indicator as it repaints and shows up after the fact
there are plenty of good sup/res indicators on this forum ... just search
 
indicators - template - manual/pic --- "UPDATED"
 
hxxp://www.mediafire.com/?ejbql27rbb7tmrv

the dynamic fx system needs ..... ###Gann_HiLo_Activator_v2###
for the arrows to work
 
the rar file from this site does not have ..... ###Gann_HiLo_Activator_v2###
hxxp://www.forexstrategiesresources.com/forex-strategies-based-on-indicators/71-dynamic-fx-gains-system/
 
here is a link with the update
 
hxxp://bayfiles.com/file/1PCR/i2kKlG/Dynamic_Fx.rar
 
or
 
hxxp://www.mediafire.com/?ejbql27rbb7tmrv
 
here is the II thread
 
http://indo-investasi.com/showthread.php/16822-%28Req%29Dynamic-Fx-Gains-System?p=200882#post200882

It doesn't repaint. Try on 1M and you'll see. I'm using this system since last July. Try on demo for 3 weeks on diferent time frames with EUR/USD and GBP/USD.
Frida

Hi 4x4U!
 
If this will help you:
I'm using modified Dynamic Gains system with great success. More than 10 pips per day 95%. You can start with original system. 10 pips are almost 100% if you enter whenever HeikenAshi 1h indicator change direction. SL at last fractals. I'm trading Asian (AU/USD and EUR/JPY) and Euro session (EUD/USD and GBP/USD). Euro session is the most profitable for me. Here you can get the system: hxxp://www.forexstrategiesresources.com/forex-strategies-based-on-indicators/71-dynamic-fx-gains-system/
 
Wishing you a lot of green pips!
Frida

Dear 4x4u
 
You made me remember an Old friend.he too was from Indonesia... we used to talk on Marketiva broker and we used to talk about markets and where it will go and when etc. Then one day I he invited me to his thread It was more of a personal Journal in trade2win. title was "from 100 dollar to 1000 dollar in a month" something Like that.
 
I talked him what he was doing and he replied he is just making 10 pip everyday,and is trying to compound it everyday. I asked him how.. and he didn't said much. Yeah he said he trades inbetween New York Open and London close session thats It.
 
few months after I met him online and asked how was he going, I asked him are you still Just Looking for that messy 10 pips? and are You still doing that componding thing ? and he said. Now I trade $100,000 account with 10 Lots. and 10 pips gives me more than enough for the day,so I donot do compounding now.
 
However he didn't said anything about his system and how he manages his 10 pips, he just said watch during Us-open and London close. and yes the pair he used was GPB/USD.
 
personally I'm not very much fond on solving puzzles.. so have no Idea what he did. But I think he used somekind of breakout.. because that was what he used to always try.
 
so as I mentioned he didn't told me exactly...and I guess this is true for anyone who has a definite solid system... they will never tell anyone about It.. the general fear.. "If everybody knows about it.. it won't work". One good example is stochastic Indicator.. people say It used to work very well before.. and after it was generally applied from masses..It was no more as it was before.. So I don't have any complain to my Old friend. he had a reason.
 
I haven't seen him again and it has been almost 2 years.. maybe he is on a permanent Holiday in tihati.
 
however my best wishes to him... may the money and riches always be with him.. He really did a Good Job.

Couple of more option:
 
h**p://ifile.it/
h**p://www.wupload.com/
 
You can use mirrorcreator and multiupload for multiple uploads

Trading is not a single string instrument. You need a good entry to start with, you must have an edge when entering the market, otherwise it is just gambling. You need to have patience to let the trade run, but to have the discipline to be able to cut it short once your rules tell you to.
You can't trade on Hope. Capital Preservation should be at the heart of the strategy.
The Exit can make the difference between mediocre returns & rapid account growth.
Above all you must have emotional control treating winners & losers alike, no euphoria, no despair, no anger, no frustration.
You must have a clear detailed written plan of your strategy, otherwise you are planning to fail.
You must keep records of all trades, not just the winners, breakevens & losers also and be able to learn from your results.
Do not change your strategy after a couple of losing trades or start looking for another system, this only means that you have not tested your strategy & do not have an edge at all.

You should post in the request section and also put (Req) in titlebar. As it stands, members are assuming you're sharing the system by posting in the wrong section.

dk1aussie has already shared the holy grail--"money management is the holy grail or as close as you are going to get". Most system sellers concentrate on the entry of a system--wrong, it's the exit that determines whether you make money or not. Money management is the key. If your reward to risk is at least 2:1 you can be wrong 50% of the time and make money. You don't have to be right 100%(which is impossible)of the time to make money.
 
Determine how much you are willing to risk on each trade and get out if it gets there--don't let little losers turn into big losses. Usually people who are looking for a 100% win system can't stand taking a loss. If you can't stand taking a small loss, you don't have any business trading.

here are a couple of sites I use
 
hxxp://www.mediafire.com/
 
hxxp://bayfiles.com/
 
for pictures
 
hxxp://tinypic.com/

Ando....below is a post on Donna's Forum (ttp://www.donnaforex.com/forum/index.php?topic=3595.30)..under "indicators/semiautomatic systems"...MBFX..page3..member "DexieMr"....hope this helps!
 
Hi,
 
I think there may be some confusion about this method. I have been trading G/U E/U U/J and the E/J on the 15 minute charts and have been profitable. Most of my trades are between 10:00 am and 3:00 pm GMT (6:00 am to 11:00 am EST).
 
I have had profitable trades on trending and countertrending setups.
 
I do not care of the indicators repaint as I look at entry setups as dynamic. So what is important is entering when... the candle has closed, the lower indicator is green/buy or red/sell and has definately touched the green or red price line.
 
Since the indicators are dynamic (changing in real time), you cannot try to visually "backtest" and spot previous entry's or exits.
 
I tend to set my take profit where the rules say, at the CURRENT blue price line, and I do not move it to fit future blue line moves on the chart.
 
I usually set stop loss a little higher than the rules state, but never more than 1:1. Usually, I set the 1:1 stop if I am in a trade and the NY market is about to open (12:00 pm GMT, 8:00 am EST) and when the NY stock exchange opens at (9:00 am EST).
 
I try to exit or delay entry when there is NY econ news coming (usually at 8:30 or 10:00 am EST), and if there has been a big price move due to news, I will usually let the market settle down and sometimes will not enter a trade until the second green or red bar on the indicator. This has kept me from hitting stop loss due to volatility more than once.
 
Again, I do not worry about repainting as with these indicators it's about what is happening NOW that indicates possible entry's.
 
I also look at support and resistance levels on higher timeframes just to make sure an entry isn't
going to have trouble pushing through.
 
If you need to keep track of trades, you can always mark the entry point with a vertical line and the take profit and stop loss with horizontal lines to keep track.
 
It's too bad that there cannot be an alert for when the lower indicator goes from yellow to red/green, but if I remember correctly, this cannot be done on that type of indicator.
 
Most of my trades (on 15m charts) take profits are from 15 to 30 pips and stops usually around 10 to 20. so basically between 1:1 and 1:2. I have win loss at about 2 to 1 or better. I will have to go back and look but I think that the E/J pair is the most profitable.

Thanks 'sixer; for post ..
 
Regarding my post # 3 ... The download links are good ..:)
Thus, no need to buy ..
 
Good trading wishes

Here you go Anil.
 
Free Renko Ashi Trading System 2 from me
And Commercial Easy Renko System too from me.
 
 
http://indo-investasi.com/showthread.php/16723-Easy-Renko-System
 
Nick aka Mr,Nims

if you find the indicator - please share
 
your asking for the holy grail - it does not exist as 1 indicator
 
if anyone does have it they certainly are not sharing it - would you if you had it
 
money management is the holy grail or as close as you are going to get
concentrate on that and you will be way ahead of the competition when you get it right
 
it is like believing you will find a profitable ea ... !!!!
 
they are only dreams created by marketers to take your money ...!!!!