50 Pips Set and Forget Forex Trarding - Karl Dittmann

[mt4eas]

Here is the stuff shared. May be useful for Forex traders.

 

http://tradercracker.blogspot.in/2012/09/50-pips-set-and-forget-forex-trarding.html

[thaomoua]

thanks. but this was already shared here.

[Freddie]

I couldn't find it on this site but it is not just a pdf. The system has an indicater that marks the buys, stops etc.

 

I tried it on todays charts Eur/Usd and Gbp/Usd, both hit the buystop and returned to a stop loss.

[thaomoua]

Freddie: http://indo-investasi.com/showthread.php/19531-50-pips-set-and-forget

 

Same PDF file. However, I didn't know it contained a system...

Edited September 27, 2012 by thaomoua

[hankt80]

I couldn't find it on this site but it is not just a pdf. The system has an indicater that marks the buys, stops etc.

 

I tried it on todays charts Eur/Usd and Gbp/Usd, both hit the buystop and returned to a stop loss.

 

Why it doesnt suprise me at all, LOL cos its another garbage from Karl shitman, the guy should be shot on sight.

[hermes]

I will give a try tonight at 23:00 EST on demo. Could work. 23:00 EST is 4:00 am GMT London. That's the most difficult part. How can we change the time under the charts on MT4? If I want it in EST instead of GMT?

Hermes

[hermes]

Look the gif! http://depositfiles.com/files/oau3fe81a

The bastards hunted the SL 20 pips and then it took down in my direction 76 pips. Sl 20 pips for the night is a laugh for the SL hunters! They hunt down even 100 pips SL. Can be trade but only without SL! Sl needed for the trade was 35 pips but they would go the extra mile to take down also that one! Probably hidden SL could work, what you say?

Cheers Hermes

[Freddie]

Hi Hermes, there appears to be three of these threads. http://indo-investasi.com/showthread.php/19531-50-pips-set-and-forget is one.

I have posted the last couple of days results as I see it working:

"Yesterday on the three pair he states:

$Y- 0; £$ lost; €$ W & L so overall minus 15 pips for the day.

Today 28 Sept $Y +9.5; £$ - 18; €$ + 17 so, overall + 8.5 pips for the day. "

 

http://i914.photobucket.com/albums/ac341/freddieforII/Asian%20Run/KD%2050/2728.jpg

Edited September 28, 2012 by Freddie

[hermes]

If we could make something about the stoplosses it would be workable system. I sent today an email to Karol Ditmann as we did correspondence in the past a little. Will see what's the answer.

Hermes

[Freddie]

I read the instructions as half the Asian session pips for the Buy/Sell stop then another half for Take Profit. KD seems to make it the whole range.

 

http://i914.photobucket.com/albums/ac341/freddieforII/Asian%20Run/KD%2050/KDvsMe.jpg

 

Red lines are mine, Blue, SellStop and Take profit are his from the latest advert!!

[Freddie]

Yes, I did make a mistake. The TP is twice the BS or SS.

Last week's results would have been Monday No Trade. Range too large but if you did try, you would not have triggered.

Tuesday 24 win and 12 lose, Wednesday won 17; Thursday did not hit TP but did not stop out so I would guess that we would look at the trade and stop it for about 12 pips; Friday won 34. Total for week 75 on €$.

[⭐ dukeaugustus]

Thanks to original sharer for sharing this. And thanks to Freddie for sharing the test results.

 

Much as I would love to find a set-and-forget type method that actually works, I have not tried this yet, as I am always a bit cautious with set-and-forget type trading system.

 

Over the years, too many set-and-forget type trading systems seem to work for a while (days, weeks, even months), but then eventually fail in the end.

 

Some of the more famous ones were Forex Net Trap, B.O.S.S., and even Forex Morning Trade. They all worked very well when first introduced. FNT and FMT were even profitable for many months. But they all failed in the end, and by now they are all sitting in my computer archive electronic shelves gathering electronic dusts.

 

But who knows, perhaps Uncle Karl can surprise us with an actual winner. Although with his past record, I am not holding my breath.

[hermes]

Set-and-forget systems bottom on stop-loss hunters during the night (EST) when you sleep. Or you put no SL or you put at least 100 pips SL. I was already robbed on 150 pips SL during the night but they will not go for 500 pips SL on Asian sessions. Asian sessions are more shallow then London and NY.

Hermes

[iqofgenius]

Duke and Hermes. Check out Compassfx for Dean's new DOTS method. It is unique and I have gotten great results.

[hermes]

It google me to Compassfx dots indicator $297. Danke shon. Could you by so kind and share the Dean's (Sanders?) Dots?

Thank Hermes

[Freddie]

It google me to Compassfx dots indicator $297. Danke shon. Could you by so kind and share the Dean's (Sanders?) Dots? Thank Hermes

 

It is Dean MALONE, Hermes, from CompassFX. From what I saw the indicator is 'allocated' only to the buyer. Not being at all 'programmer' competent I don't know how this could be altered but if it is I would be most interested. Maybe if it is offered by the 'cheap systems' sites. $297 is a high price.

[hermes]

Smart programmer! Probably iqofgenius could tell us how it works?

Hermes

[Freddie]

Smart programmer! Probably iqofgenius could tell us how it works? Hermes

 

Freddy has answered how he thinks it works on that thread.

 

Back to '50pips S&F' Hank80 suggests this system

"http://indo.mt5.com/showthread.php?3411-Trading-Simpel-Untuk-Orang-SIbuk"[/Code]

 

Judging from my charts this could be an easier system. Certainly it has all the 'markers' calculated although it uses the whole Asian session for the Buy or Sell stops. Also looks similar to the LBO thread on FF

[Freddie]

Eur/Usd made 47 pips today. Simpel Sibuk would not have hit the TP and is retreating.

Usd/Jpy did a BS and Stopped out. Simple Sibuk would not have started

Gbp/Usd is just wobbling about.

Edited October 1, 2012 by Freddie

[Freddie]

KD is publishing any wins daily. Today he shows the €$ 47 pip win from testerday 1st, but ignores the $Y 7 pip loss.

 

In fact he recommends the three that I am watching daily but quotes "2-3-4 pair" to 'Set & Forget'

 

Today 2nd October we have 13 pip range on £$ that would have made 13 pips but an 11 pip loss on €$ and a small range 13 pips on $Y.

Edited October 2, 2012 by Freddie

[hermes]

Looks like "Set and Forget" is going nowhere? The stop losses kill the system. Probably better name for it would be: just "Forget".

Hermes

[Freddie]

Looks like "Set and Forget" is going nowhere? The stop losses kill the system. Probably better name for it would be: just "Forget". Hermes

 

The problem as I see it is that the Buy Stop as 50% of the range is too low. The retrace seems to be back to the BS figure. From my thoughts, not properly examined at the moment, a BS of 75% may well be better. The other system is at 100% and sometimes that does not trigger.

 

I have been looking at London Open breakouts for some time and have yet to find one that works repeatedly or consistantly.

[iwjw]

I've coded an EA and posted it in the other S&F thread

No matter what settings you are using, the strategy isn't profitable over time

It has it's good periods but then runs into a series of losses

[mtuppers]

I've coded an EA and posted it in the other S&F thread

No matter what settings you are using, the strategy isn't profitable over time

It has it's good periods but then runs into a series of losses

 

no kidding when range how can price move more then 50 pips?

[Freddie]

€$ makes 23 pips today with KD or with SS

 

Yesterday they both triggered the sell stop but hit neither SL or TP. How much each lost depended on when they were cancelled.

Edited October 9, 2012 by Freddie