Thread: The Simple System

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?

Got it!

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. .

@twoblink

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

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

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.

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.

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

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

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