Profitable trading thanks to MoneyTec forum

[foamgod]

Other than Mark, may I ask if anyone has succeeded consistently with this? (Whether real or demo) If yes, it would be great if you can summarise your success in terms of number of pips and the time frame. Also, how many winning trades vs losing trades?

Appreciate it, thanks!

[fedepater]

Originally Posted by marlaust

Hi, I will email them to you, they are here in moneytec somewhere but as I have downloaded them it is easier to email..... you need winrar to unzip them... let me know if youhave any problems...

I m new, and just read Mark3 s strategy, but cant find any of those indicators. I currently use metatrader system charts, but cant find neither perky_z nor shcaff trend cycle please can anyone help me up, tnks.

[el cid]

Originally Posted by mark3

OK ...... Below are my stratergies.

Monday morning print out Economic Data Release Calendar for the coming week.

I trade EUR/USD .... USD/CHF .... GBP/USD and to a lesser extent EUR/JPY.

Look to see if any DATA releases are due out, and what time for each currency ........ THEN number ONE rule STAY OUT during the DATA releases.

TIME: I only trade between 10.30 GMT and 14.30GMT.
Covering EUR and NY OPEN.
BUT in saying that .... I monitor the Market throughout
the day, and read all News regarding the currency
Market and any related Issues that may effect it.

SYSTEMS: I use metatrader charts with Candlesticks.

Put a 5 period Exponential MA of the Open, and a 5EMA of the Close on a chart, on any timeframe. The above results were given from the 30min and 1hr chart.

I got this from 4XTraderCy.

NEXT: DOWNLOAD indicators from perky_z , you find them under
1 min scaping.

Load them into Custom indicators on metatrader.


Once loaded add the following to the chart with your EMA's

ASCT TREND1signal_no_sound
Heikin-Ashi MOD
Scaff Trend Cycle
T3 filter


Now when the MA of the Close crosses above the MA of the Open this shows a buy , and vice versa for reversing the position to Short.

Dont enter trade at this stage, when the ASCT indicator shows this confirms the MA cross, but still do not buy or sell at this stage.

When BOTH the EMA and the ASCT are in place whether for a buy or sell wait untill the cross has moved 30 pips either way and the candle has moved to the next 30 min time frame then look to the T3 filter for confirmation along with the Heikin-ASHI MOD.

You can then enter the trade, I have been using a 20 pip stop.

Once you are in profit in any currency as part of your management it is up to you to lock in your profits with a trialing stop.

If the market is trending very well I will stay in abit longer, but if not I am happy to take what is on the table.

I do not trade all 4 currencies all the time, as the signal might only be given for 2 out of the four.

And if the market is sidelined I just shut down and go to bed.

Remeber there is always tomorrow.



NOW: Signal Providers UNIGMA FX was one.
4xsignals another.


Well I hope this helps some of you or at least gives you some idea's, hope I havent missed anything.


Regards

mark3

Mark 3

Very wise to trade after 10.30 gmt

The first 2 and 1/2 hours of eurpean trading can be chaotic mayhem when the market is trying to find the day's range.

Ever thought about stopping trading after 12.30 before the U S open.Around 1.30 U S time market tends to be very volatile .

Would trading between 10.30 and 12.30 give better hit rates?

El Cid

[el cid]

morning mayhem before 10.30 am gmt

[el cid]

Narrow trading range no noise

[traderkay]

It would be so good to get a profitability update from mark3 now My humble guess is.. he's no longer trading.

[mark3]

In responce to the last posting on this site, which was emailed to me.

Please do not ask me any questions, as I have stayed away from the forum

deliberately because of the abuse I have recieved from some members.

I started out trying to help but it turned out to be a nightmare for me.

I am posting this reply only to let those who are still finding there way

know that ..... YES ..... I am now fulltime trading and still very profitable.

Wishing you all the best.

Regards

mark3

[roter]

could somebody point me to the MTT4 version of the T3 filter?
i'm not able to find it.
thanks
Mario