The Super Simple System

[db-trader]

Originally Posted by db-trader

Hello Cencored

Today I added the Heikin Ashi Candles to my charts and it was a great help to recognise a trend. It helped me stay in trades longer too

Hope this helps.

Here is a pic of my chart. It wouldn't upload with my previous message. Lets hope it works this time

[Neo]

Originally Posted by hlass

Hi everyone,
Here is my latest trade, it took a bit of time, but it was worth it, and I still have 20% of it running, any questions, just ask.

hlass, in looking over your entry on this trade again I noticed that most of the conditions (from the original rules by Ash) were not met before you entered this trade. The MAs had not crossed, the AO was red, not green. (I realize the Stoch and AC are additional indicators you added to the system?) So I thought I'd ask if you have a new set of rules you use for entry (and exit)?--or if there is something I did not see.

Thanks

[hlass]

Hi,

If you take my entry of 820am est time yesterday on the 5minute chart, you will see a near perfect entry, I put it on the 15m chart because the trade went for a while and would not fit the entire length of trade on the 5minute chart, the trade had me up 54 pips but then it fell to only about 10 pips up, then it went back up and I exited another part of the trade at 77 pips, it did kick me out last night by about 6 pips and then went back up to where I had my original take profit for my last 20% of the trade which would have given me an even 100 pips, not complaining as euroyen does move quite a lot in that it gets pulled both ways by usd and jpy pairs, either way, nice trade and almost perfect signals, just check out the 5minute charts, I did exit parts of the trade around 20pips, 54 pips and then 77 pips, did nto get the 100 pips, still a nice trade though, the key is patience and waiting for all criteria to line up for the perfect or near perfect trade.

[Neo]

Thanks, I see it now! Yes, it was very close to a perfect signal, though I think you probably also used your professional experience to read the market for the day and you had a gut feeling it would go up. Nice. Hey, can I ask you a favor? Would you let me know which indicators you have added to this SSS? Anything you have added in addition to the original few indys that Ash listed for the system? I'd appreciate it.

Best Regards

[hlass]

Thanks for the thoughts, yes I am professional, but gut instinct sometimes kills a trader, I just went with what is on my chart and also chekced on jpy and euro pairs to see what was going on and a few other things such as support and resistance and of course all the pivots, but just stoch ema's ao and ac just as on the charts, the more you practice and more you scroll the charts the better you will get, it just takes patience and practice, I did not make it until the beginning of my 3rd year, just practice and scroll baby scroll as so many people have told me in the past. Any other questions dont hesitate to ask. Hope this all helps, f not just inform me of what I can help with.

[Neo]

Originally Posted by hlass

...but just stoch ema's ao and ac just as on the charts...

OK, so the EMAs that you have are the 2 that Ash suggested for the SSS?

• 1st EMA: Period: 7, Shift: 0, Apply to: Close
• 2nd EMA: Period: 14, Shift: 0, Apply to: Close

And the AO that you have added, does it use the default settings?

What about your Stochastic Oscillator?--5,3,3 set to Simple? Price field: Low/High? And your levels, you have changed them to 80/20?

Then you have an AC, which I suppose used the default settings?

Then you have the PSAR indicator in your main chart window, what do you use for Step and Maximum settings?

Lastly, I see a blue trendline looking line going upwards, is that an indicator?--or a line you have drawn?

I know I'm nit picking, but I'd like to set it up the exact way you have it set up on yours.

Thanks,
Neo

[hlass]

Here is a template, this should make things easier for you, only thing that you won't see is the blue line, if it is what I am thinking, it is just the dotted blue line that goes with the arrow to show entry and it connects to exit of a part of a trade.

[Neo]

Thank you HLASS, I do appreciate it. As for the blue dotted line that you said is just the line that goes with the arrow to show entry and it connects to exit a part of a trade; how do you get that line?--should I be using that for entry/exit?

Thanks again

[Neo]

One last thing HLASS...can you just go over the rules you use to enter/exit trades with this system? And any other rules/notes you may have come up with.

Thank you very much.

[db-trader]

Originally Posted by hlass

Here is a template, this should make things easier for you, only thing that you won't see is the blue line, if it is what I am thinking, it is just the dotted blue line that goes with the arrow to show entry and it connects to exit of a part of a trade.

thank you for the template hlass. Much appreciated

[hlass]

Neo,

To get the blue lines, go to your account history section of your platform after completing a trade and just click and drag that trade to the candle section and your entry and exit arrows and blue lines will appear, as for the rules, going long watch for ao ac to be positive and vice versa for short, emas cross, but if one wants an early entry take the stochastic when they cross into the 20-80 area with green crossing over the red line, scroll your charts and get used to seeing what occurs and how all indicators work together with price movement, also be vigilant of pivots and support and resistance not just bigger timeframes but also immediate support and resistance on the 5minute chart that one is trading, for instance, if one is sitting at the current candle but the 8 or 10 or whatever number of candles before the current candle is consolidating or all in same price area than we obviously know that we have the pair telling us that we have not made our mind up as to which way we are going and so we wait for break of the consolidation area and wait for the perfect signal to come to us, we don't chase a trade, we wait till it comes to us. Any other questions, just ask.

[Neo]

Thank you once again for your good explanation. I tried dragging a trade I did a few days ago on the EURJPY up to the candle chart area as you suggested, I did get a trendline (red dotted), but the arrows look a bit different than yours and I didn't get a solid white vertical line and clear arrows (see attached picture). It's no big deal I guess, but it doesn't look like yours. With your template loaded I see your "77 pips" text and the pink circles and boxes...you must have drawn those in there and when you saved your template it saved them in there?

Thanks also for your notes on the rules you use for trading this system. I appreciate your willingness to patiently answer so many questions and help us newbies out!

Best Regards

P.S....Oops, sorry, that was the wrong picture I uploaded...Please look to the next post to see the right one.

[db-trader]

Originally Posted by Neo

Thank you once again for your good explanation. I tried dragging a trade I did a few days ago on the EURJPY up to the candle chart area as you suggested, I did get a trendline (red dotted), but the arrows look a bit different than yours and I didn't get a solid white vertical line and clear arrows (see attached picture). It's no big deal I guess, but it doesn't look like yours. With your template loaded I see your "77 pips" text and the pink circles and boxes...you must have drawn those in there and when you saved your template it saved them in there?

Thanks also for your notes on the rules you use for trading this system. I appreciate your willingness to patiently answer so many questions and help us newbies out!

Best Regards

P.S....Oops, sorry, that was the wrong picture I uploaded...Please look to the next post to see the right one.

Hlass, I agree with Neo and thank you as well for your patience and kindness in showing us what to do.

[Neo]

Correct picture...

[hlass]

You are welcome, I like to help, so no big deal there, your trade was a sell and thus a red line, a buy would have a blue line like on my ej trade that you were looking at, yes you can add really anything to your chart and just save it, for best pics just right click on your chart and scroll down to picture area and then save use the middle dot and you will get a nice pic, any questions on this just ask. By the way, you had a winner, why not take some profits by taking out part of the trade and locking in your stop to b/e, 30pips and then getting kicked out is much better than a loss, just an idea, but that is how I trade as I posted this back a few pages ago, I take profit 1/3 at a time, so I take out 1/3 of trade at 15-20pips and set stop to b/e if I get kicked out I look for another set up but that eliminates any chance of loss, and if the trade proceeds, I take more profit around 30 or so pips and then again around 40-50, depends of course how the market is moving and what the chart looks like.

[Neo]

Originally Posted by hlass

By the way, you had a winner, why not take some profits by taking out part of the trade and locking in your stop to b/e, 30pips and then getting kicked out is much better than a loss, just an idea, but that is how I trade as I posted this back a few pages ago.

I just learned how to do that last week and I have been experimenting with that method which I agree, is a great way to ensure a portion of your win and then stay in for a bigger TP without losing your profits. I'm still on a demo account and I had subscribed (paid) for a monthly "membership" of this guy who was giving daily signals. He would give a signal and then give options of TP1, TP2 and TP3. Long story short, I just unsubscribed today as his style is quite risky (huge SL'es) and the success rate (at the end of the month) was not very impressive (over 5 currency pairs). However, I just heard about an EA called Artemis Sitter which sounds like the perfect match for the above-mentioned style of closing a part of the trade and entering in with a smaller lot size to try and get some more pips out of a trade. The reason this EA would be so helpful, is because the signals I've been trading for the past month...for the most part all hit in the middle of the night, so I wasn't at my computer to manage any tweaking as the trade was in progress. The Artemis Sitter seems like it would have done the job nicely (though I haven't learned how to use it yet), of closing a part of the trade and continuing on for TP2 and TP3 at smaller lot sizes, etc.

Originally Posted by hlass

I take profit 1/3 at a time, so I take out 1/3 of trade at 15-20pips and set stop to b/e if I get kicked out I look for another set up but that eliminates any chance of loss, and if the trade proceeds, I take more profit around 30 or so pips and then again around 40-50, depends of course how the market is moving and what the chart looks like.

Since I'm such a newbie, would you mind explaining exactly how you do this exactly? I assume you use an MT4 platform? This is how my limited understanding of doing (what you are describing above) is:

• In MT4: double-click on an open order in the Terminal under Trade tab (or right-click on it and select "Modify or Delete Order" and select "Instant Execution")
• Adjust the lot size (if the order was originally 0.50 and you want to cut it in half, you would change the lot size to 0.25, etc. At this point you can set a new TP and a new SL)
• Click on "Close Order". It then closes your original order and opens a new one (at the desired lot size you selected).

Is this how you do it? The only thing I don't like about this is that it seems that when you do this (the steps I listed above), it changes the lot size of your original order as it closes it to be half of what it originally was. In other words, if I decided to use a 0.50 lot size because my Money Management calculator (a little Excel spreadsheet I made) tells me that I can risk 30 pips as a SL at 0.50 lot size, but then if I close a portion of a trade to secure my wins, I don't want it to close me out at 0.25 lot size (that would cut my profits in half, wouldn't it? I would want it to close the order at 0.50 and then open a new order at 0.25 to continue from there.

I'm not sure if I made sense in trying to describe this. But if if my MM tells me I can risk 30 pips at 0.50 lot size, then I want that full 0.50 lot size when I close my order, as 0.50 lot size will give me twice as much money than a 0.25 lot size, right?

Best Regards

[kazzy]

Thanks HLASS i appreciate your efforts to teach. I've been using this system
to trade too but attimes got my finger burnt for not knowing when to exit and at times i exit too soon while the trend will still favour me. Pls what do i do to know when to exit. I don't know how to post my trade i would have post the trade i made today.

[AshFX]

Hi everyone,

Just want to explain the situation.

There are going to be two threads for the Super Simple System.

This current thread will be for the pure SSS. Members here can discuss setups, current trades, etc... utilising only those indicators that the system was designed in mind with. I.e. AO and Moving Averages.

A new thread (found here: http://forexmoments.com/forums/educa...echniques.html) will be for those members who would like to add some innovation to the original system, their own perspective, their own flavour, if you like. Whether that be, using other indicators such as Stochastics/RSI/CCI, or applying additional techniques such as divergence, etc...

The SSS was designed for complete beginners, who didn't have much of an idea about how to use a system. A few new traders have emailed me expressing their confusion at some of the more experienced members adding their own indicators/ideas. So this is why I've separated it into two threads.

I hope everyone understands why this was done, and hopefully I haven't upset anyone.

[Neo]

Sounds good Ash, thanks for doing that...a great idea!

[Neo]

Originally Posted by hlass

This is a trade I took late last night around1030pm est, did not quite work out the way I wanted, had about 30drawdown which really was bad, as I usually don't go past 10-12 drawdown

Thanks for sharing this HLASS. I wonder, why didn't you enter this trade 2 or 3 candles earlier?--was it because the EMAs had not separated? Your screen looks very much like the AshFX Daily V2 System...which doesn't use Moving Averages, but the first PSAR as a signal...which in your case seems that it may have gotten you in on this trade earlier?

http://forexmoments.com/forums/attac...ash-method.gif

[Neo]

Originally Posted by hlass

Hi everyone,
Here is my latest trade, it took a bit of time, but it was worth it, and I still have 20% of it running, any questions, just ask.

Again, I'm curious to know why you got in on this trade (which BTW was a GREAT trade!) when the AO was red. The PSAR was only on the first new direction (not on the 2nd candle). I guess when you change the timeframe to 5M everything changes (as opposed to Ash's Daily rules).

http://forexmoments.com/forums/attac...ft-run-ash.gif

[SmartFx]

The Following EA is based on the PURE SSS no other indicator is used here except ones mentioned by Ash. Hope it helps learners too..

PS.. This will work with DEMO only.... Also I have disabled trailstop so ignore it on the EA properties

Example: Copy the EA here: C:\Program Files\FXDD - MetaTrader 4\experts\ **FXDD - Metatrader 4 is my brokers folder choose yours....**

[Forex37]

Originally Posted by SmartFx

The Following EA is based on the PURE SSS no other indicator is used here except ones mentioned by Ash. Hope it helps learners too..

PS.. This will work with DEMO only.... Also I have disabled trailstop so ignore it on the EA properties

Example: Copy the EA here: C:\Program Files\FXDD - MetaTrader 4\experts\ **FXDD - Metatrader 4 is my brokers folder choose yours....**

Thanks for your work!

Forex37

[SmartFx]

Originally Posted by Forex37

Thanks for your work!

Forex37

Am glad I could help

Please find an Updated version that has Trailing Stop Capabilities - The parameters like stoploss, break even levels, take profit depends on the user you choose what you want to ask me what is better or not it is your own discovery. U can ask me to do defaults setting in ex4, please again this version is for demo if u feel u can use it on Live just give me a hola I will add you account to it @ no fee but this is at your own risk I do not recommend using any EA on live until fully demod

Also Attached is a template that would load for you the EA and the other indicators so u can do on multi-pair..

To copy the Template copy it to...

Example: Copy the EA here: C:\Program Files\FXDD - MetaTrader 4\templates\ **FXDD - Metatrader 4 is my brokers folder choose yours....**

This EA will open 1 order per pair...

Cheers

P.S - The Trail Stop will close half your lot size and trail half @ new stop

[Neo]

Hey SmartFX, thank you so much for the EA and the Template. Would you mind giving a short tutorial on how to use this EA? I've never used an EA before and could use some basic tips to be able to use it properly.

Thank you.

[SmartFx]

Originally Posted by Neo

Hey SmartFX, thank you so much for the EA and the Template. Would you mind giving a short tutorial on how to use this EA? I've never used an EA before and could use some basic tips to be able to use it properly.

Thank you.

Hello Neo, below find quick steps of installing an EA....

First Download the EA and save it on your desktop on somewhere you can remember

Don't forget to remember the folder directory where metatrader is installed.
Example:

for broker www.fxopen:

C:\Program Files\MetaTrader - FXOpen

or for broker masterforex:

C:\Program Files\MetaTrader - Masterforex

or for Fxpro:

C:\Program Files\FxPro MetaTrader

2. Download the EA Simplex Version II.ex4
Copy file "Simplex Version II.ex4" into your metatrader software directory folder
inside ...\experts\
example: C:\Program Files\MetaTrader - FXOpen\experts\


3. After that, run your metatrader software if not running already otherwise restart it by closing and opening it. By opening some a pair for example USD / CAD and drag the robot into the graphics chart from the Navigator this is usually where u find your Indicators under Expert Advisors.

You can set the options as u like or use them as default. They all mean what they say. (UNDER INPUT TAB)

if you need to use TakeProfit, Stop Loss and Trailing Stop you must set their parameters as True.

From the parameter window make sure options under (UNDER COMMON TAB)
Live Trading (Allow Live Trading) CHECKED

For your EA to work You should see a Smiling FACE :) on the Top Right hand side of your USD/CAD window we opened Earlier not a SAD FACE :mad:

Also from your main MT4 window EXPERT ADVISOR from the Toolbar should be enabled (GREEN) not (RED).

Hope the above is enough for you any other problem please ask.

By the way the Last Template I upload will autoload the EA for you.

Kindest Regards

Hope the above information is what you require.

[Neo]

Thank you, SmartFX for your patient and thorough answer, I appreciate it.

Originally Posted by SmartFx

3. After that, run your metatrader...

I pretty much understand how to install and apply the EA. It's the practical application I need to learn to use better.

For your EA to work You should see a Smiling FACE :) on the Top Right hand side of your USD/CAD window we opened Earlier not a SAD FACE :mad: Also from your main MT4 window EXPERT ADVISOR from the Toolbar should be enabled (GREEN) not (RED).

I do get a smiley face in the top right corner, but the EA itself in my Expert Advisors drop-down list is grayed out, unlike the other ones that are colored. That may be affecting the proper running of this EA. Even when I load your Template, the EA is grayed out and I'm not sure if it's working properly.

Are there any other instructions on hoe to practically apply/use this EA?

[SmartFx]

Originally Posted by Neo

I do get a smiley face in the top right corner, but the EA itself in my Expert Advisors drop-down list is grayed out, unlike the other ones that are colored. That may be affecting the proper running of this EA. Even when I load your Template, the EA is grayed out and I'm not sure if it's working properly.

Are there any other instructions on hoe to practically apply/use this EA?

Hello Neo,

The SMILING FACE means the EA is up and running. The reason you are seeing it GREYED OUT from the List at the Navigators is because you are using an EX4 file which cannot be edited unlike the COLORED ones which have MQ4 versions which are editable.

Other than that the EA should be able to load trades as long as criteria is met you can do a lower TF test on like 5 pairs you will see trade H1 might take kinda longer but still if criteria is true then trades should load.

Functionality is as said in the beginning of this post. The rest of the parameter u choose what u need. Actually the first 11 options are the ones u need to change the rest no need.

Regards

[pray1956]

Originally Posted by SmartFx

Hello Neo,

The SMILING FACE means the EA is up and running. The reason you are seeing it GREYED OUT from the List at the Navigators is because you are using an EX4 file which cannot be edited unlike the COLORED ones which have MQ4 versions which are editable.

Other than that the EA should be able to load trades as long as criteria is met you can do a lower TF test on like 5 pairs you will see trade H1 might take kinda longer but still if criteria is true then trades should load.

Functionality is as said in the beginning of this post. The rest of the parameter u choose what u need. Actually the first 11 options are the ones u need to change the rest no need.

Regards

Could you suggest settings that you used that you recommend that were effective. Have you tried to optimize these settings? What were the results?

Thank you for giving us this EA.

[Saruman]

Hi guys,

This is my first post on the forum.

I started trading the Super Simple Sytem this week, and I made a profit of 232 pips. :cool:

It's a cool strategy, and you can build your account systematically with limited risk. So thanks a lot for sharing this with other traders.

Have a nice weekend,
Saruman

[buffer]

Originally Posted by Saruman

Hi guys,

This is my first post on the forum.

I started trading the Super Simple Sytem this week, and I made a profit of 232 pips. :cool:

It's a cool strategy, and you can build your account systematically with limited risk. So thanks a lot for sharing this with other traders.

Have a nice weekend,
Saruman

Well done Saruman,

Did you stick to the strategy totally with 30 pip S/L & 30 pip T/P?

I tried it this week and did not stick to 30 pip S/L & T/P and i made a profit of 1110 pips but that was with banking 33% winning trades and then putting s/l at breakeven then banking 33% again at support or resistance points then letting remaining 33% running till it hits s/l.

BVut i think i will try a 50 pip s/l & t/p next week and let you all know how i got on by the end of the week, i think the 30 pip s/l & t/p istto small for an hourly chart but lets see hoe i do next week

Oh by the way i dont want to seem as though i made more pips then you and that i am bragging, you have done brilliant and as they say "its all about the pips"

Paul

[pray1956]

Originally Posted by buffer

Well done Saruman,

Did you stick to the strategy totally with 30 pip S/L & 30 pip T/P?

I tried it this week and did not stick to 30 pip S/L & T/P and i made a profit of 1110 pips but that was with banking 33% winning trades and then putting s/l at breakeven then banking 33% again at support or resistance points then letting remaining 33% running till it hits s/l.

BVut i think i will try a 50 pip s/l & t/p next week and let you all know how i got on by the end of the week, i think the 30 pip s/l & t/p istto small for an hourly chart but lets see hoe i do next week

Oh by the way i dont want to seem as though i made more pips then you and that i am bragging, you have done brilliant and as they say "its all about the pips"

Paul

Please tell me which currencies were you trading and which timeframes were you using. Was it the hourly and eurusd only?

This system seems very interesting in its simplicity. I like your method of breaking down your lots in thirds.

Thanks for any response.

Ray

[buffer]

Originally Posted by pray1956

Please tell me which currencies were you trading and which timeframes were you using. Was it the hourly and eurusd only?

This system seems very interesting in its simplicity. I like your method of breaking down your lots in thirds.

Thanks for any response.

Ray

Hi Ray

I trade GB/US, EU/US,AU/US, NZ/US,US/JP,US/CAD,GB/JP,EU/JP,AU/JP,CHF/JP,CAD/JP,NZ/JP,GB/CHF,US/CH,NZ/CH,EU/GB,EU/CAD,& EU/AU and all on the 1 hour chart, i even done well on oil & gold but only went for small profits and stop losses on them 2 as they can move quickly

If you are a newbie i would suggest just doing the top 6 currencies like GB/US,EU/US,EU/GB,US/JP,GB/JP & EU/JP as a lot of trading is also about correlation between the pairs.

i agree that the system is good for its simplicity and i have other charts with 5 or 6 MA's on to show trend and support & resistance but you know what, the more MA's and indicators you have on your charts the more confused you become so testing this out last week on demo suited me and i done well but i will test it until i have doubled my £3000 demo account and then i will test it again on demo with a £5000 demo account again and if i double that then i will go live with this system.

The 3 main points in trading is:-

1. KEEP IT SIMPLE

2. THE TREND IS YOUR FRIEND

3. MONEY MANAGEMENT, DO NOT RISK MORE THAN 2% OF YOUR ACCOUNT

I hope i have not waffled on but if you stick to the 3 points above you will do ok

Paul

[fredx]

Hi Buffer,

Well done!! You say that you

"did not use 30 pip S/L & T/P but with banking 33% winning trades...etc...."

Could you please give an example, as I don't understand.

Many thanks in advance,

fredx

Originally Posted by buffer

Well done Saruman,

Did you stick to the strategy totally with 30 pip S/L & 30 pip T/P?

I tried it this week and did not stick to 30 pip S/L & T/P and i made a profit of 1110 pips but that was with banking 33% winning trades and then putting s/l at breakeven then banking 33% again at support or resistance points then letting remaining 33% running till it hits s/l.

BVut i think i will try a 50 pip s/l & t/p next week and let you all know how i got on by the end of the week, i think the 30 pip s/l & t/p istto small for an hourly chart but lets see hoe i do next week

Oh by the way i dont want to seem as though i made more pips then you and that i am bragging, you have done brilliant and as they say "its all about the pips"

Paul

[buffer]

Originally Posted by fredx

Hi Buffer,

Well done!! You say that you

"did not use 30 pip S/L & T/P but with banking 33% winning trades...etc...."

Could you please give an example, as I don't understand.

Many thanks in advance,

fredx

Hi fred,

i do not know what your stakes are when you place a trade but i usually trade £1 per pip, so when i have hit a resistance or support or at a pippage that i am happy to take, say 50 pips, on a trade i am in i will bank 30p of that trade and leave 70p running and bring stop loss to break even so it is basically a free trade.
So my trade is now 70p and that will run until it hits support or resisatnce again or at a level i am happy to bank another 30p and then bring up the stop loss from my previous bank and then just let the final 30p plus to run

Hope that explains, if not let me know or google money management or banking trades, i am sure there is a lot of info out there

Paul

[Saruman]

Originally Posted by buffer

Well done Saruman,

Did you stick to the strategy totally with 30 pip S/L & 30 pip T/P?

I tried it this week and did not stick to 30 pip S/L & T/P and i made a profit of 1110 pips but that was with banking 33% winning trades and then putting s/l at breakeven then banking 33% again at support or resistance points then letting remaining 33% running till it hits s/l.


Paul

Hi Buffer,

I trade only 4 currency pairs, so it's no surprise that you made more pips, since you trade more different pairs.
I also took 100% of the profits at once, and no partial profit taking.

Everyone can decide just how to exit the trades.
The SSS can help you to OPEN the trades.
A successful trader will also have a good strategy for CLOSING his trades.

I used a trailing stop, resulting in profits anywhere from 0 pips to 75 pips.
25% of the trades closed with a loss. Biggest loss was also 75 pips.

Sometimes I was too greedy, and wanted to wait for more and more pips, only to find the price going wrong on me. So this week I will take my profits a bit sooner, and I will probably eliminate some losses that I had last week.

I'll keep you posted.

Saruman

[kazzy]

Hi Buffer, pls what do u mean by all these idiom when i have hit a resistance or support or at a pippage that i am happy to take, say 50 pips, on a trade i am in i will bank 30p of that trade and leave 70p running and bring stop loss to break even so it is basically a free trade.
So my trade is now 70p and that will run until it hits support or resisatnce again or at a level i am happy to bank another 30p and then bring up the stop loss from my previous bank and then just let the final 30p plus to run, to we new comer/newbie it is strange. Though i have being demo trading this for some time now i have not been able to make such a fantastic and fabulous pips,i will make some pips today only to loose the next time. Is it not that my sl is too small as you said. Then how many pips sl do you use.

[SmartFx]

Originally Posted by pray1956

Could you suggest settings that you used that you recommend that were effective. Have you tried to optimize these settings? What were the results?

Thank you for giving us this EA.

Sorry for the late delay Ray,

Basically I have not hard rules on any settings as per Ash's choices in the beginning of this thread, settings are personal preferences. I am a FX trader for a while now and what I believe is better in learning is choices we make, not what we are told or what others find easier would actually work for someone else.

Someone said, "If I write letter M on the table the person sitting infront of me would read W."

Hope you understand.. This EA is for learning process only if u find it Profitable to you feel free to have me send you a copy of it unlocked to trade Live with settings u choose.

**** I don't advocate trading any EA on live account be it Neuro or whatever

Regards

[Neo]

Originally Posted by SmartFx

This EA is for learning process only if u find it Profitable to you feel free to

Thanks SmartFX for the good answer. I wonder if you could--in a nutshell--simply describe what the EA does? That might help those of us who are asking you to give us a little tutorial on how to use it. First thing to understand would be..."what does it do?"

Thanks so much!

[Neo]

Originally Posted by buffer

...i will bank 30p of that trade and leave 70p running and bring stop loss to break even so it is basically a free trade.

So you "bank" (Take Profit?) 30 (pence?--or 0.30 of the original lot--assuming you opened 1 lot with this trade?) when you hit your first target (say 50 pips)?

Then you leave 70 (pence?--or 0.70 of the original lot running--assuming you opened 1 lot with this trade?)

As for the Break Even that you set your SL to after you close the first part of your trade; is that BE set to the current price (after your 50 pip gain)?--or is it Break Even at the original entry of your trade (50 pips back)?

Thanks