mograst Posted May 5, 2010 Report Share Posted May 5, 2010 @mograst, the EA should be able to place the initial orders after the user defines the Support and Resistance. Only S and R are needed as input - besides lot-size and options for exit-strategies. As soon as the EA has Support-price-level and Resistance-price-level, the distance between both = range can be calculated inside the EA. Why placing the initial-orders manually ? It only confuses the EA. If the EA is placing these orders, it can number them ( L1 , L2 , L3 etc. ) and use the numbers for the logic. Hi, yes maybe better let the EA place the initial trades... I just like to select myselve the range to trade as an EA may be not have the eye to do it. So Putting initial Support and resistance values when drag&drop the EA. Also I note that there are sometimes false breackouts and the very first order goes into a loose and you have to recover with the opposit orders and it needs some hugh move to do so. Maybe if there is a way to stop out the first order if the price reverse... lets' say to give the first order a SL of 15-20 pips... or so.. Or maybe there is a better solution for this... Quote Link to comment Share on other sites More sharing options...
xptitan Posted May 5, 2010 Report Share Posted May 5, 2010 hi, may i ask is it some one has make an EA for this? Thanks for kindly reply Quote Link to comment Share on other sites More sharing options...
lud Posted May 5, 2010 Report Share Posted May 5, 2010 the originator doesn´t post the notary statement and didn´t write anything since his selling offer expired..... Quote Link to comment Share on other sites More sharing options...
mograst Posted May 5, 2010 Report Share Posted May 5, 2010 the originator doesn´t post the notary statement and didn´t write anything since his selling offer expired..... still manual testing but if there is a good breackout the system works fine. Just if there is a false breackout the first opened order will go in loose and recovering may be difficoult as it needs a big range opposit to recover plus genereta some decent profit.. Maybe the first order of a breackout should have a SL of 30 pips. It would be easyer recover this small loose than a loose of 60-80 pips... still testing... Quote Link to comment Share on other sites More sharing options...
lud Posted May 5, 2010 Report Share Posted May 5, 2010 my solution to this is when frist positon turns on you, open another one in the opposite direction 10 pips earlier than original to narrow the range Quote Link to comment Share on other sites More sharing options...
mograst Posted May 5, 2010 Report Share Posted May 5, 2010 so you mean: - buy 123.50 (stop order has ben executed at this level) then put a sell at: - sell 123.40 please correct if I am wrong..thanks Quote Link to comment Share on other sites More sharing options...
radicaltour Posted May 5, 2010 Report Share Posted May 5, 2010 new manual here's his new manual and it looks different from the original methods. I'm starting to think that he really doesn't believe the original methods would work long term, so he keeps changing it!!! Quite disappointing... http://www.multiupload.com/0NN0R07R7S password to pdf: 0405 cashdaily, john225, skull9971 and 5 others 8 Quote Link to comment Share on other sites More sharing options...
john225 Posted May 5, 2010 Report Share Posted May 5, 2010 Thanks to the sharer He updatet his german blog: He is still selling his system for 149€ and now you can pay 149€ per month to get the same orders from him to trade it by yourself. john225 Quote Link to comment Share on other sites More sharing options...
mograst Posted May 5, 2010 Report Share Posted May 5, 2010 wow he's changing his mind... hehe... dont like this... Quote Link to comment Share on other sites More sharing options...
mograst Posted May 5, 2010 Report Share Posted May 5, 2010 when he say "breackout" on a D1 resistance he mean "rebounce" isnt' it? Quote Link to comment Share on other sites More sharing options...
joeytrader Posted May 5, 2010 Report Share Posted May 5, 2010 For the new manual, can anyone be kind enough to translate the author's words into readable English again? Perhaps due to my poor grasp of English, I have trouble understanding the author's instruction again. Side note: so which method has he relied upon to make his target million? or has he been constantly switching method all along? Quote Link to comment Share on other sites More sharing options...
lud Posted May 5, 2010 Report Share Posted May 5, 2010 thanks for the new manual, but as i see it this won´t be very successful, the first version number 3 is best imho, an optimized grit system- this one is only a breakout system. tried the first version number 3 two days now and worked good, but that was no surprise, need to get some really tricky trades to optimize it. wouöd like to print the new one, but needs a different password :-( Quote Link to comment Share on other sites More sharing options...
Trader99 Posted May 6, 2010 Report Share Posted May 6, 2010 Hey John225, Does he run a room? If he is sending his trades through a room or skype in real time, it may not be a bad deal....when you consider that he has validated his results by posting notarized statements. T99 Quote Link to comment Share on other sites More sharing options...
fxeasy5 Posted May 6, 2010 Report Share Posted May 6, 2010 (edited) For the new manual, can anyone be kind enough to translate the author's words into readable English again? Perhaps due to my poor grasp of English, I have trouble understanding the author's instruction again. Side note: so which method has he relied upon to make his target million? or has he been constantly switching method all along? I need the updated german manual to create an understandable english version. when you consider that he has validated his results by posting notarized statements. Until today he has not posted the promised notarized statements. He started to trade his new $500 account today and made $440 profit . Not bad for his first day. Edited May 6, 2010 by fxeasy5 Quote Link to comment Share on other sites More sharing options...
hermanhess Posted May 6, 2010 Report Share Posted May 6, 2010 He started to trade his new $500 account today and made $440 profit . Not bad for his first day. almost 100% in one day!! He's probably averaging down maybe strategy 1 or 2. fxeasy did he post a screen shot of the trades he took with the lot sizes and entry points? Quote Link to comment Share on other sites More sharing options...
Xplic1T Posted May 6, 2010 Report Share Posted May 6, 2010 im sorry just some of these im finding too good to be true ... Quote Link to comment Share on other sites More sharing options...
john225 Posted May 6, 2010 Report Share Posted May 6, 2010 almost 100% in one day!! He's probably averaging down maybe strategy 1 or 2. fxeasy did he post a screen shot of the trades he took with the lot sizes and entry points? Yes he did 2 screen shots: http://3.bp.blogspot.com/_u_4mfEvuG4w/S-L1uAO2F6I/AAAAAAAAAJU/kS_KytamdIQ/s1600/Tradingstationpic206.05.20102.jpg http://2.bp.blogspot.com/_u_4mfEvuG4w/S-LygwMGVNI/AAAAAAAAAI8/yX0_6SSDPw8/s1600/Tradingstationpic206.05.20101.jpg I think that Menge means Lot Size (maybe fxeasy5 knows more) Eröff... means Open Schlu... means Close john225 Quote Link to comment Share on other sites More sharing options...
4xinvestor Posted May 6, 2010 Author Report Share Posted May 6, 2010 isn't he offering some kind of template or chart setup now to go with manual? Quote Link to comment Share on other sites More sharing options...
mograst Posted May 6, 2010 Report Share Posted May 6, 2010 also note when he use 10 pips i think he is really use 12 pips plus spread... son maybe 12 pips of trailing stop and order distance... Quote Link to comment Share on other sites More sharing options...
hermanhess Posted May 6, 2010 Report Share Posted May 6, 2010 well now he appears to be using this new strategy from the screenshots but sometimes he closes for 15 pips sometimes for 10, sometimes he closes the whole position and at other times he only closes half the position. Quote Link to comment Share on other sites More sharing options...
hermanhess Posted May 6, 2010 Report Share Posted May 6, 2010 when he say "breackout" on a D1 resistance he mean "rebounce" isnt' it? yes i think so from the pictures in the manual he appears to be trading breakouts of 4hr (blue line) and the bounce of the daily (red line). for breakouts he clearly says wait till the close of the candle which made the breakout and place your first order at the hgh. for bounces off D1 (red line) he doesnt specify which point he places the order. Quote Link to comment Share on other sites More sharing options...
fxeasy5 Posted May 6, 2010 Report Share Posted May 6, 2010 Here is his german blog (was posted before, but better reminding of it here because postings get buried in this thread). http://fromdemoto1million.blogspot.com/ For those who don´t know german, the screenshots are enough to see that his strategy works. I hope that his updated german version will be posted here. This guy has no problems selling you his terrible english version. Quote Link to comment Share on other sites More sharing options...
Trader99 Posted May 7, 2010 Report Share Posted May 7, 2010 Thanks for the update fxeasy. I thought the new manual was posted by radicaltour on page 24 of this thread....I believe it was post 232. Is there a later version? Quote Link to comment Share on other sites More sharing options...
mograst Posted May 7, 2010 Report Share Posted May 7, 2010 this is first time using eur/jpy trading... i think 10 pips different betwean trades on this pair is very small... eg. 116.530 and 116.630 is really really small looking difference on the chart... or do I miss something here? Thanks Quote Link to comment Share on other sites More sharing options...
lud Posted May 7, 2010 Report Share Posted May 7, 2010 is someone has the german manual I would translate it. i´m a little curious as sebastian didn´t show the promised notary statement though. Quote Link to comment Share on other sites More sharing options...
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