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(req) price@ctionsc@lper


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I wonder how many people realise that basically he's saying you can be a muti-millionare in a matter of months making 100 pips a day. If you started with a $100 account and made just 20 pips a day using simple compounding, you would have over a $million is less than 8 months. Here's a compounding table you can change the starting ballance and number of pips made per day, in excel format for anyone who may be interested.

 

http://www.mediafire.com/?v7cr074ljw6iswr

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Here's a quick shot EA with KD's priceaction

Results are not impressing (who would have thunk)

Settings:

Lots = 0.1;

should be clear

 

Reward=2;

means in this case that TP is two times the SL

SL is always 2pips above/below previous H1 candle High/Low

 

BEPips=15;

Set trade to breakeven after xx pips

 

__ValidValues__="5,15,30,60";

TriggerPeriod=60;

you can check the conditions every xx minutes. In this case look after H1 candle closed for setup

if set to 5 the ea will look every 5 minutes for candle match

 

Magic1=121212;

 

Didn't check whether the ea does exactly what Karl told us, but it's enough for me to see what I expected to see

 

Works on M5 only

www.multiupload.com/RWCXRLADH0

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This quote from Dittmann is hilarious:

 

"When you scalp a pair make sure that you purchase a high amount.

This is to maximize your profits. So if your trade makes 2 pips you can make

upwards of a couple hundred to a couple thousand dollars."

 

2 pips to make a couple thousand dollars??? By my reckoning you'd have to trade 100 full lots ! and what if the trade goes against you 20 pips? You just lost $20,000 ! lol

Edited by Diesel 10
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Now that I know more about PA it is obvious that it could not work. Imagine that you already have 5 bullish 1H candles and expect that price will keep moving without watching any support resistance, or that the previous 1H that just closed is a 15pip candle and all other green candles are more or less the same.
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