Thread: The Simple System

After a lot of studying and learning on this forum I started to think than we traders think that trading is a lot simpler. The past year I focussed on trading the easiest way that I could and I think that I found some thing.
First. This isn't a conventional system. There is no indiors entrys and involved and exits are mended. Stops are mended although hit. Never have I read somewhere that something like this is traded. I've bought my share of crap and also nothing there. If someone is trading this then it is just about the best kept secret in forex. To exchange this successfully you'll require a entire mindshift regarding trading. That said, I am not goiing to give the facts of the system. I will be torn to pieces by some traders and this system will perish even before it had a chance to show itself. But, I will ask for 5 traders wich I will share the system with and see what happens afterward. Please feel free to PM me

Eben

I've finished a very rough document on this system. I am aware there's goiing to be a lot of questions about the MM. Please ask away. I am also open to choose whatever is coming, so long it can just better this system.If this is not for you please refrain from negative comments and trade what you're familiar with.
https://www.forexforum.co.za/attachments/1518183389.doc

G/J is the sole currence that I exchange with this system. The method is quite easy. The key is in MM.

Although the amount of pips obtained is insignificant with this system I will mention it. The most important element is the growth of this acc.

OK. This system has withstood the fall in G/J and we had actually capital growth too.

Currently for the afternoon we're up 200 pips with outstanding orders on the subsequent levels.

234.40 = 12 orders
233.30 = 11 orders
232.20 = 10 orders
231.10 = 7 orders
226.70 = 1 orders

If you're likely to MM like that, I urge a Pascal's triangle? It is a much more optimized system of MM.

Originally Posted by ;

May I urge a Pascal's triangle if you are going to MM like that? It's a system of MM.

Lol . I have to admit I dont understand that. I have to read up on it. Thank you.

Ok

Price attained goal od 226.70. Weekly growth 0.46%.
Orders

234.40 = 12 orders
233.30 = 11 orders
232.20 = 10 orders
231.10 = 7 orders
227.80 = 1 orders

Originally Posted by ;

Lol . I have to admit I dont know that. I have to read up on it. Thank you.

I've read a bit on this. Thank you for the suggestion but I don't think that it will work with this egy. IMHO I think that this mm has been simplified by me into a degree. I must however say that I am not a mathmatician and I hope I am wright Inside This assumption

regards

Ebem

I've begun describing the system and together with my trading it does take up a lot of time. I've realised that it isn't someting readily explained here in some posts. I however try to collect my thoughts and put it all in a word document.

Update

As price is bouncing around I can't offer opinions here everytime something happens. I will put of the trades that are negative in here too.
A negative trade is where I am stopped outside, ( not very likely ), or where I close transactions manually( this will happen daily depending upon your balance.

Weekly growth = 0.78%
Orders in the market

234.40 = 12
233.30 = 11
232.20 = 10
231.10 = 7
228.90 = 1
227.80 = 1

My apology to Snobol1. I notice you have a thread called The Easy Method. I try to change the name of this thread and will speak to the moderators.

Eben

Hello Ebenst.

Thank you very much for sharing your system.
I enjoy reading about new ideas for systems and MM even if I am not always planning to trade it.
I feel I can not learn enough. I guess you know the sensation. . ?
I do not fully comprehend your egy yet but I have to admit I have just been reading trough it a couple of times so perhaps I get it if I see it a few more times.
Anyway I am sure I have the basic idea of this.
But before I spend more time research it there is 1 thing I have to ask.
In you doc you Discuss TP and S/L. I guess you're talking about TP=Target Point and S/L=Quit Loss, right?

Originally Posted by ;

Although there is a TP and S/L you'll discover that you may TP several times a day at various levels and still be in other trades.

And that is exactly what I do not know.
As far as I can see that is the only time you say anything about stop loss (if that is exactly what S/L is)
But maybe the reason I am missing something is that I am trading at Oanda (and I always have) so I am not utilized to other platforms with other names for different kind of orders, I am uncertain.
For instance Oanda only have Market Orders, Limit Orders, Stop Loss and Take Profit.
They do not have anything called Buy Stop simply to provide a example.
So perhaps that can be the reason I do not fully comprehend your system and that I do not see anything more in your doc about Stop Loss.
I hope you can clear this up for me if you have time please but no hurry.

Thank you very much in advance.

Friendly regards