The system is working for me. After 3 weeks of sim trading, I went live starting at the beginning of the year and I am +109 pips.
I think if a trader puts the time into learning the system, they will have a good chance at success. I also think that if a trader wants to make a system look like a failure, they can succeed at that easily too.
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Once more we can see what is working for one trader would not work for the other. I have been using it for about one month now. I'm trading every day from 4:00AM-6:00AM EST and from 8:00AM-11:30AM EST. Since Dec 17, 2010 I had 121 trades I'm up 261 ticks. I took one big loss due to my own doing. I moved my stop and I added to bad trade. I paid the price.
In closing system is OK and it is working for me and this is the most importnt factor.
MetalTrade, and tickvix, can you guys both choose a day (same day) when you traded and both post your trades for that day and we can compare your trades and see how there can be such a discrepancy in the system? For the record, I haven't been able to get the system to be profitable for me either, but I don;t trade the system, I just wrote an indicator that marks up the trades.
I have have shown my trades already once before, but if needed I will post again. I did make some changes to stops. I use between 8-10 ticks stop and 8-16-24 ticks targets. I will move my targets based on the price movement. Please no need to comment if this is going to work and by using such money management rules I'm going to loose money. I also made changes to one trade and trade is working for me. So all in all I made this system to meet my own way of trading. I'm happy the way I'm trading.
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I can post the charts resulting from the indicator in the manner that eminisniper posts their official charts on youtube, but I cannot share the indicator, as that would reveal the details of their methodology.
Here is the 6E 3range HeikenAshi bars, which they use in the room, for the entire day yesterday, Jan 11. I don't claim that my code captures their rule set 100%, but it is to the best of my understanding. Simple arrows show winning trades, circled arrows show losing trades, arrows and circled arrows in gray show entries that were invalidated by a violation of a rule so they would not be a valid trades. I generally do this to play with filters and see how changing certain filters will affect the trades. I am using 5 tick stops, 5 tick profit. I have the divergences marked, but I take them entries with them. Time is New York timezone.
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