Recommended System?

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Re: Recommended System?

Postby fxdude » Mon Nov 08, 2010 4:42 pm

Hi Ryan,

I have an EA that i have been following, it certainly needs some tweaking, if any of your team are coders, then I'm sure we could help each other along.
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Re: Recommended System?

Postby newyear498 » Mon Nov 08, 2010 10:28 pm

fxdude wrote:Hi Ryan,

I have an EA that i have been following, it certainly needs some tweaking, if any of your team are coders, then I'm sure we could help each other along.



I actually know some programming, although I have never worked with EA, don't know the first thing about that.. but hear people talking about them (guessing they are trading bots)

which language do you program them in?

Thanks
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Re: Recommended System?

Postby manus168 » Thu Dec 02, 2010 6:07 am

Should you try SRDC(Support Resistance Daily Candle). 1 by Orange Roshan (from Japan)

For 5 pips at every trade (EUR/USD) = its OK !
Yesterday = HISTORY !
Tomorrow = MYSTERY!
Today = GIFT !


Thats why we call it the PRESENT :)
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Re: Recommended System?

Postby SharpForex » Tue Jan 25, 2011 9:03 pm

Update!
I have been testing the Midnight Setup on my live account since 17 Jan 2011, and can confirm that this strategy offers excellent potential. To date I have made 18 trades resulting in 4 losses and 14 winners, for a 17.8% increase on my account funds (2.22% per trading day). I have been employing this strategy across all currency pairs using ATR to calculate range and using 50% of this as my profit target. If you are looking for a simple and effective startegy, Edward is definitely on a winner with this one.
Cheers!
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Re: Recommended System?

Postby ForexLion » Sun Jan 30, 2011 7:04 am

Any system that one is trying to use or even the one currently in use should answer 3 basic questions:

1) Where and When do I get into a trade?
2) Where should I place my Stop Loss?
3) Where is my Take Profit?

Most System I know cover the first two questions well, but the third one is usually tricky and a times vague. That is where Money Management becomes very important.

In any trade, one should try and focus more on how much would I lose?

I suggest newbies should try and master ONE currency pair at a time instead of dabbling into many pairs without understanding the behaviour of any.

FL
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Re: Recommended System?

Postby Leighto » Mon Jun 06, 2011 11:46 pm

Hi,
I have an ea that i have been following it certainly needs some tweaking, if any of your team are coders then I'm sure we could help each other along.
Leighto
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