Fmfx Posted April 27, 2012 Report Share Posted April 27, 2012 (edited) Hello fellow Pip hunters. I share with you all my manual Grid System, i am currently trading this on my live acc. The strategy consist of two Indicators which gives the entry signals, it is a kind of OBOS. If i take a trade and it goes against me i will wait for another signal and enter in the same direction of our first order, i keep on opening new order every time market goes against my previous order and then close all at a basket of 100pips. I have been trading this system for two months now and i have only had to open jus one grid order due to the entry accuracy. But if things goes out of hand we will then have hedge (i'm sure we can work out something). Our first indicator which will give us the OBOS(Over bought/sold) is TMA, we don't need to worry about the repainting(hardly repaints on daily TF), what we want from this indicator is for price to touch/cross either the upper or lower tma band, after that we then start to look for entry signal with "Indicator 2" which is PA(Reversal Pin bars, Engulf Bars, etc) Once a signal is spotted we will use pending order. Indicator 1: TMA Indicator 2: PA(Price Action, candle stick formations) Time Frame: D1 Pairs: All TP: 80 to 100 pips Stop Loss: None Max Grid order: 3 To me this is the "Holy Grail" bcos what goes up must come down, IMO SL is a tool brokers use to steal our money, what we need is good MM(Money Management). Optimizing and exit ideas are welcome. NOTE: the minimum starting capital i recommend is $200 per pair using 0.01 (That is $200 capital for each pair trade). WARNING: THIS TYPE OF TRADING INVOLVES HIGH RISK, DO NOT TRADE WITH MONEY YOU CAN'T AFFORD TO LOOSE. "No Risk No Reward" Regards Fmfx Edited April 29, 2012 by Fmfx Draffi and daretolive 2 Quote Link to comment Share on other sites More sharing options...
Fmfx Posted April 27, 2012 Author Report Share Posted April 27, 2012 Download the package from her www.4shared.com/zip/Y7zkOFLL/FMFX_GRID_SYSTEM.html?, I have changed the settings of the TMA from within, use it as default. Regards Fmfx taipan, KENG, daretolive and 3 others 6 Quote Link to comment Share on other sites More sharing options...
Fmfx Posted April 27, 2012 Author Report Share Posted April 27, 2012 I currently have my Dogs watching GU, i hope to see the big fall next week :D. Regards Quote Link to comment Share on other sites More sharing options...
hermes Posted April 27, 2012 Report Share Posted April 27, 2012 What FX Rottweilers? Never heard. Hermes Quote Link to comment Share on other sites More sharing options...
Fmfx Posted April 27, 2012 Author Report Share Posted April 27, 2012 What FX Rottweilers? Never heard. Hermes Hello Hermes, I don't understand, pls elaborate. Thanks Quote Link to comment Share on other sites More sharing options...
Acerinvest Posted April 28, 2012 Report Share Posted April 28, 2012 Yes, set your dogs on it, I too think we will see a big fall next week. Looks like a strong line of resistance at 1.63. Quote Link to comment Share on other sites More sharing options...
Fmfx Posted April 28, 2012 Author Report Share Posted April 28, 2012 Yes, set your dogs on it, I too think we will see a big fall next week. Looks like a strong line of resistance at 1.63. They are sure watching it closely with their eyes wide open and their teeth ready to bite the pips :D. Regards Quote Link to comment Share on other sites More sharing options...
Draffi Posted April 28, 2012 Report Share Posted April 28, 2012 couple of questions... 1. you said "Manual Grid System". Sounds good - but where is the grid? 2. you use pending order. maybe the only way to make profits in fx, i agree. but at what level you set your pending order? 1 pip above/below the PB, or the EC???Please tell more. Thank you in advance Quote Link to comment Share on other sites More sharing options...
Fmfx Posted April 28, 2012 Author Report Share Posted April 28, 2012 couple of questions... 1. you said "Manual Grid System". Sounds good - but where is the grid? 2. you use pending order. maybe the only way to make profits in fx, i agree. but at what level you set your pending order? 1 pip above/below the PB, or the EC???Please tell more. Thank you in advance I didn't see you hit the thanks button?. But here's your answers: 1) we wount be using SL in our trades, if our first order goes against us we will open additional orders once we see a new signal to close at basket of 100 pips. 2)Normally i just add spread to my buy order entry price and for sell i enter at the low of the bar. Regards Quote Link to comment Share on other sites More sharing options...
hermes Posted April 28, 2012 Report Share Posted April 28, 2012 I hit the button for Draffi he is too slow, I apologize for him. Rottweilers are also dogs, Fmfx use your imagination. I help you - it was a joke. Got it, others did. Cheers Hermes Quote Link to comment Share on other sites More sharing options...
Fmfx Posted April 28, 2012 Author Report Share Posted April 28, 2012 I hit the button for Draffi he is too slow, I apologize for him. Rottweilers are also dogs, Fmfx use your imagination. I help you - it was a joke. Got it, others did. Cheers Hermes Ho my :)), now i remember, i have heard someone refer to Dogs as Rottweilers but i never bothered to save it in my memo :D. Thanks Hermes. Regards Quote Link to comment Share on other sites More sharing options...
nguyentho Posted April 28, 2012 Report Share Posted April 28, 2012 For more informtion http://www.forexfactory.com/showthread.php?t=343533 Quote Link to comment Share on other sites More sharing options...
Fmfx Posted April 28, 2012 Author Report Share Posted April 28, 2012 For more informtion http://www.forexfactory.com/showthread.php?t=343533 Why are you spamming my thread ******? Pls get a job instead of wasting your time destroying other's hard work. Admin pls allow thread author's to be able to delete unwanted posts or block some certain jobless ppl. Regards Quote Link to comment Share on other sites More sharing options...
jjames Posted April 29, 2012 Report Share Posted April 29, 2012 Carefull my friend with this kind of strategies you martingale it or without. When there is a a fundamental shift the market can bite you hard in ranging markets this kinda stuff might work but when trending especially if the shits hits the fan this strategies can be verry dangerous Fmfx 1 Quote Link to comment Share on other sites More sharing options...
Fmfx Posted May 4, 2012 Author Report Share Posted May 4, 2012 (edited) Here are pictures of some trades i just took on 4H with 50 pips TP. http://imageshack.us/photo/my-images/838/euraudtrade.gif/ http://imageshack.us/photo/my-images/88/eurnzdtrade.gif/ Regards Edited May 4, 2012 by Fmfx Quote Link to comment Share on other sites More sharing options...
widjaja Posted May 6, 2012 Report Share Posted May 6, 2012 enlighten thanks for article http://www.superjib.com Quote Link to comment Share on other sites More sharing options...
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