Lets work this EA together ^_^
  #1 (permalink)  
Old 01-31-2007, 06:31 AM
Currency Trader
 
Join Date: Nov 2006
Posts: 3
tiger_wong is on a distinguished road
Default Lets work this EA together ^_^

My friend told me that he has been trading USD/JPY for years and have found a profitable system. This system work for this pair which have a swing characteristic. So, he told that this system just have a few simple condition without using any indicators.

The system is
1. for the first time, we open two position : buy n sell at a same price with a specifit target to take profit
2. if price goes to the direction of one of our order and hit our target, we open the same action to buy and sell again at this new price
3. there will be 2 posibilities when we already reach this condition
a. price will go to the same direction like previous one, and same order that will be hit like the one that already closed for target. so we will open a same action, buy n sell again
b. price will go to the opposite direction of previous one, so this one we will do a different action. Just to remember, we already have a position that is floating loss that we opened in step 1. So, we won't open again this time.
4. thats it... it is simple guys...

the concept of this system is over than 70% of trading time is sideways. so we will catch the profit from there.

i open mind for any ideas to make this system perfectly... but need ur help to realize this system into an EA.

cheers,
Ryan

Last edited by tiger_wong; 01-31-2007 at 06:35 AM.
Reply With Quote
  #2 (permalink)  
Old 01-31-2007, 10:14 AM
Forex Trader
 
Join Date: Nov 2006
Posts: 22
trevman is on a distinguished road
Default

you keep taking profit and let your loss run. in which case your realised profits will be worn down by your unrealised loss. so where does hte profit come in
__________________
CodersGuru MQL4 course
Reply With Quote
  #3 (permalink)  
Old 02-01-2007, 05:06 PM
Forex Trader
 
Join Date: Jan 2007
Posts: 10
uatatunc is on a distinguished road
Default

did you hear firebird or phonix?? firebird was profitable (200 pips a day) when there's no big trends but when trend comes, oops all accont blew up =) try firebird and see..
Reply With Quote
  #4 (permalink)  
Old 02-02-2007, 01:39 AM
Currency Trader
 
Join Date: Nov 2006
Posts: 3
tiger_wong is on a distinguished road
Default

Quote:
Originally Posted by trevman View Post
you keep taking profit and let your loss run. in which case your realised profits will be worn down by your unrealised loss. so where does hte profit come in
hi,

thanks for ur good analysis. anyway, i have a same thinking too about this. that's why i really appreciate for any idea to make this system work better. i still believe in this system... maybe we can work together. i still try to make EA by myself but i have a lot of trouble seems i have no background in programming.
Reply With Quote
  #5 (permalink)  
Old 02-02-2007, 01:44 AM
Currency Trader
 
Join Date: Nov 2006
Posts: 3
tiger_wong is on a distinguished road
Default

Quote:
Originally Posted by uatatunc View Post
did you hear firebird or phonix?? firebird was profitable (200 pips a day) when there's no big trends but when trend comes, oops all accont blew up =) try firebird and see..
i have heard about firebird n phoenix ( by hendriks ). yes, they are some of great EA. but i want to develop this system to know how effective this. maybe if we can work together, we can develop a great EA too. that's why teamwork are better that personal
Reply With Quote
  #6 (permalink)  
Old 02-02-2007, 09:46 AM
Forex Trader
 
Join Date: Jan 2007
Posts: 10
uatatunc is on a distinguished road
Default

ok, here is an idea....
there's always trend but takes many days. if we open orders for just one direction, long or short, we can limit our losses. look at the daily chart. 5 ema/10 sma is enough to deceide what is the long term trend. 30-300-30 firebird can make profits by this directions..
Reply With Quote
  #7 (permalink)  
Old 04-10-2011, 03:59 PM
Currency Trader
 
Join Date: Apr 2011
Posts: 2
seco1961 is on a distinguished road
Default

Hi friends!
I've met Anna Monti on the web and her Forex Freebot. I find this stuff interesting for newcomers. Just for notice
Reply With Quote
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Why fundamentals work FXhotdogstand News Trading 8 06-26-2010 06:22 AM
How Does a NDD Actually Work? EFX_justin General Trading Talk 1 09-07-2006 04:50 AM
Can not get the Expert to work...Help! jimbo61 MetaTrader and ZeroCode 2 08-19-2005 03:57 AM


All times are GMT. The time now is 04:12 PM.

Registered members gain free access to online FOREX currency trading tools, foreign exchange software, Metatrader MT4/MT5 expert advisors, MT4 indicators and EAs. Register now