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Posted

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

Posted

Christmas is just around the corner, guess KD needed more money to buy presents....heee

thought KD's strategies always based on indicator. This time, he claimed his new strategy based on price action.

really like to see the codes, please share if you got it.

thanks!

Posted

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

Posted (edited)

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
Posted
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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