SWING Trades using the FXTradepro quotLUCKY 7quot Progression Sequence
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Thread: SWING Trades using the FXTradepro quotLUCKY 7quot Progression Sequence

  1. #1
    I'm currently DEMO TESTING a variation of my LUCKY 7 Progression Sequence targeting longer term Swing-Type Trades. This is supposed to be of interest to anyone who has time to follow the Markets.

    This set-up can be Traded MANUALLY a great deal simpler than my typical LUCKY 7 set-up as it uses much bigger TP SL parameters. Of course, I will be using the EA to make items easier.

    Also, I will simply be looking to enter 2 or 1 Sequences each week instead of searching for new entries every day. I anticipate that most Sequences will last the good part of a week (or perhaps more) to shut.

    Here are the settings I'm using:

    http://www.freeimagehosting.net/



    Here's a Chart showing a LUCKY 7 Swing add-on GBPUSD that I entered Monday, May 19, 2008 at 10:01 AM EST - SELL @ 1.9503. This Sequence is currently OPEN and about the 2nd Progression Degree and can be 140 Pips IN PROFIT as of the writing.

    Http://www.freeimagehosting.net/


    For my Entry Criteria, I'm using only a 100 EMA on a 1 Hour Chart and will look to input when Price touches (a closed candle) OR breaks the EMA for the first time in the current Week.

    I anticipate that because these Swing-Type Sequence Of concessions will take longer to grow and develop that I will use more manual intervention in managing them, like moving Stops to BreakEven, closing early when in profit and possibly Trailing my stops. Since this is a work in progress I will detail my Trades and note whatever intervention I've employed.

    I will Post my results in this particular strand....

    Dan

  2. #2
    SWING Sequence - Trade Update: Wednesday, May 21, 2008:

    I Transferred the StopLoss to 37 Pips to 1.9580. This is currently a FREE TRADE (it can't shed ). At 37 Pips when the Stop is struck then the Sequence would be only above BreakEven (aggregate profit will be greater than the Loss at the 1st Amount ). I've removed the EA from the Chart to let this conduct and the Trade currently stands at 97 Pips at 9:32 AM on Wednesday, May 21, 2008.

  3. #3
    Quote Originally Posted by ;
    Hello FXTradePro,

    Have been following your trades and you blog with enthusiastic interest, great system you have going here, hope this one works out in addition to the first, surprised there isn't more attention being shown, or maybe there's and people are quietly making money using it.

    Good luck for this longer fashion
    Thank you Scorpion...I am hearing from a lot of people, so I believe that interest is really strong.

  4. #4
    SWING Sequence - Trade Update: Thursday, May 22, 2008


    DATE: Thursday, May 22, 2008

    Time of Signal: Monday, May 19, 2008 - 10:01 AM EST

    Currency Pair: GBPUSD

    Initial Entrance: SELL @ 1.9503

    EA Entry Option: Immediate Entry

    TP SL Settings: TP=200 SL=40

    Lot Sequence using Standard Lots: 7 Entries
    0.25 - 0.30 - 1.11 - 1.34 - 1.60 - 1.92 - 2.31



    Trade RESULTS:

    Initial Entrance opened on Monday, May 19, 2008 @ 10:01 AM EST </b>

    Sequence Of Trades Closed at 2nd Entrance on Thursday, May 22, 2008 @ 2:58 AM EST

    .30 Standard Lots for Final Entry

    Internet Profit: $500.00 $17.46 at Swap Interest = $517.46

  5. #5
    Hi FXTradePro,

    Have been following your transactions and you blog with enthusiastic interest, fantastic egy you have going here, hope this one works out in addition to the first, surprised there isn't more attention being shown, or maybe there's and people are quietly making money using it.

    Good luck for this style

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