The Simple System - Page 2
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Thread: The Simple System

  1. #11
    Quote Originally Posted by ;
    Hello Ebenst.

    Thank you very much for sharing your system.
    I enjoy reading about new ideas for systems and MM even though I am not always planning to trade it.
    I feel I can never learn enough. I guess you understand the feeling. . ?
    I do not fully comprehend your egy yet but I must admit I have only been studying trough it a couple of times so perhaps I get it if I see it a few more times.
    Anyhow I am sure I have the basic idea of it.
    But before I spend more time research it there is 1 thing I must ask.
    If you doc you talk about TP and S/L. I guess you're discussing TP=Target Point and S/L=Stop Loss, right?And that's exactly what I do not know.
    As far as I can see that's the only time you say anything about stop loss (if that is exactly what S/L is)
    But why I am overlooking some thing is that I am trading in Oanda (and I always have) so I will not be used to other platforms along with different names for different kind of orders, I am not sure.
    For instance Oanda simply have Market Orders, Limit Orders, Stop Loss and Take Profit.
    They do not have anything called Buy Cease just to give a example.
    So perhaps that may be why I do not fully comprehend your system and 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 but no hurry.

    Thank you very much beforehand.

    Friendly regards
    Arctic4x
    buy stop is buy limit order.

  2. #12
    Quote Originally Posted by ;
    buy stop is buy limit order.
    Thanks.
    Yes I was 99% sure it was the same as I frequently see people discuss it in situations like that, but that still do not explain the question concerning the stop loss.

  3. #13
    Hi Arctic 4x

    The stop loss is ther efor crisis only. Mine got hit when price fell 1200 pips in 1 day. At that point I exchanged with a risk factor of 10. I chabged to a risk factor of 30. It follows that price has to drop 3000 pips quite quickly before I'm stopped out afain. And it's only going to be about 1 orderset and not all of the trades. Hope that help.

    Due to server upgrades I'm posting the document

    Eben
    https://www.forexforum.co.za/attachments/1518183391.doc

  4. #14
    @twoblink

    how can you apply the triangle to MM? Is it by using the coefficient?

  5. #15
    Quote Originally Posted by ;
    @

    How do you apply the triangle to MM? Is it using the coefficient?
    Https://www.forexforum.co.za/trading-systems/1-.html

    I've answered it there. .

  6. #16

  7. #17
    Quote Originally Posted by ;
    I have completed a very rough document with this particular system. I know there is goiing to be a lot of questions regarding the MM. Please ask away. I'm also open to choose whatever is coming, as long it could only better this system.If that isn't for you please refrain from negative remarks and trade what you are familiar with.
    Hello Ebenst... I'm still confused at how you defined the TP from the document?
    How do you select 220.10 as the starting point?

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