Great technique for beginners...

[Akash]

Originally Posted by pipsrus

Hi Akash: Great technique for beginners. In order to be able to implement your technique, Could you please also add to your post which Chart software you are using and how the "Kijun-Sen" line is attached to the chart. Thanks

Hi Pipsrus,
I am using MT4, you can unzip the file into MT4's indicator folder and it should work .

Rockin' Tradin'
-Akash

[perching]

Hello Akash,

The software that I currently am using is supplied by GFT, of which the Ishimoku indicator is in their bundle of indicators. Unfortunitly I can not overlay onto the main chart to observe the crossovers like on your chart.

Had you modified the orginal program to be able to overlay?

Thanks
Ed

[perching]

Hello Akash,

What are you charged to use MT4 software?

Thank you.
Ed

[web]

4 days into my paper trades using MT4 and I have one question:

Sometimes I read of people placing a 15 pip S/L on thier trades. I noticed that I never can get anythin less than around 20 pips S/L.

Does the S/L varie per software? per timeframe? or does it vary depending on the current spread and volatility of the currency pair?

[Actn]

Good stuff Akash. Trying to build up and learn from your experience. So thanks!
Its amazing how the buy/sell 'signals' change when you view the chart in a 5min-15min-30min-1day (and others) period. Buy from one chart could turn out as a sell from another. Its utterly confusing to noobs like I.
For your purpose, you said you used a 15min time frame, did you realize profits (or loss) using the same 15min chart or did you switch from 15min to a higher/lower time chart? You mentioned you used EMA 20 , how did you figure out it should be 20 and not anything lesser/larger? Does one need to change the figure (20 to something else) if ones changes the view of charts timeframe?
There are some parameters in Ichimoku, did you play with them as well or the defaults were used?
God bless.

[Akash]

Hi,
Sorry about not posting in the forum since the past week has been a big pain in the neck. I just finished with my engineering, so thinking of setting up a welding electrode manufacturing unit, so was just searching out a site for that in and around New Delhi, India. Plus have to start MBA too next year so looking for good B Schools in India only. Just hoping that the trading gods help me achieve all that I'm after, because have to raise money to do all this, since I'm not going to be using any of my parents' money.
Sorry to bore all with my blabber. Anyways the results for the past week...

Trading times: 05.00 to 17.00 GMT

The times given below represent the time the trade started, so that anybody following this thread can check it out on their charts too. ALL THE CHARTS ARE 30 MINS and not 15 min, like mentioned in my original post.


I had been trading on paper, instead of Demo, because was out most of the week (looking for factory sites), so was checking charts through my PDA.


Also, I want to mention that I ignored trading when the 20 EMA was very close to the Kijun-Sen line. By close I mean when the 20 EMA is almost overlapping the Kijun-Sen.


**************BRING OUT THE AAANVELOPE PLEES (LOL)***********


GBP/USD

August 23, 2005

Loss: 20 Pips at 12.30 GMT

Profit: 20 Pips at 15.30 GMT


August 24, 2005

Profit: 55 Pips at 13.30 GMT


August 25, 2005

Profit: 25 Pips at 11.30 GMT

Profit: Break Even at 16.00 GMT


August 26, 2005

Profit: 35 Pips at 05.00 GMT


EUR/USD


August 23, 2005

Profit: 20 Pips at 07.00 GMT

Profit: 15 Pips at 13.30 GMT


August 24, 2005

Profit: 55 Pips at 10.30 GMT



August 25, 2005

Profit: 20 Pips at 12.30 GMT


August 26, 2005

Profit: 25 Pips at 05.00 GMT


USD/CHF


August 23, 2005

Profit: 20 Pips at 07.30 GMT

Profit: 20 Pips at 13.30 GMT


August 24, 2005

Profit: 65 Pips at 12.00 GMT


August 25, 2005

Loss: 20 Pips at 13.00 GMT


August 26, 2005

Profit: 20 Pips at 15.00 GMT


USD/JPY


August 23, 2005

Profit: 20 Pips at 17.00 GMT


August 24, 2005

Profit: 20 Pips at 13.00 GMT


August 25, 2005

No trades


August 26, 2005

Profit: 45 Pips at 07.30 GMT


TOTAL PROFIT


August 23, 2005

Profit: 95 pips


August 24, 2005

Profit: 195 Pips


August 25, 2005

Profit: 25 Pips


August 26, 2005

Profit: 125 Pips


Week’s Profit: 440 Pips

WOOOOOOOOOHOOOOOOOOOOOOOOOOO...
************************************************** ****


Now I expected good results, but this is better than good... I will be demo trading this system next week too, because these results are too good to be true, so I'm just thinking that this was one good week...

I would love to hear some criticism for this system, because I believe that a critic is always your best friend.

If I've not made myself clear on anything in hear, then don't hesitate to ask me

Rockin' Tradin'
-Akash

P.S. Forgot to add what I made on GBP on Monday... it was 80 pips ...So the new total is hold your breath all 520 pips. Let's just hope it stays this way once I start live trading with it .

[Akash]

Originally Posted by perching

Hello Akash,

What are you charged to use MT4 software?

Thank you.
Ed

Hello Perching,
You can download MT4 software from www.metaquotes.net/downloads. It is free to use, all you have to do is open up a demo account with them. You can still keep using your GFT account this way. I have my account with another market maker broker, and use MT4 just for charts. I will eventually open up an account with MetaQuotes, so that I can probably trade using an EA. Let me know if you have any further doubts.

Rockin' Tradin'
-Akash

[traderone]

YOur slightly off on your pip total. You only made 25 pips on August 25. You added a loss instead of deducting. So you only made 440 pips for the week

If I ever did that in a month I would do handstands. The forward trading will tell the real tale. Good luck.