Trading the Enterprise...!

[msa5678]

first trade...

5093 short....
exited 5072...

I waited till the completion of the candle, So came out at 5079. Not bad though, was hoping for the 2nd Tgt to get hit. :clap:Very Good System:clap:

 

[msa5678]

50% profit booked @ 5074

This 50% Booking is a good idea. Didn't think of this before. What do you think Linkon.

 

[linkon7]

linkon sir got sell signal at 5094. after that i got cover signal at 5090 but it disappear after some time. so have u exited ur postion.

the system goes like this...!

once u get entry, we try to enter near that entry price. As a thumb rule, we rarely see price running after our entry, we get a retest atleast 80% of the time, so place entry and try to get in near prescribed entry level.

Once a trade is on, place stop at prescribed stop loss level. No hanky panky about this rule. Place stop loss immediately.

now modify this stoploss and watch the trailing stop line. the moment big-ask lines start trading above this trailing stop line, the exit counter starts. it is set for 1 min. So if it trades above trailing stop for 1 min..exit. you'll see a exit signal appearing on the screen. if the bid ask goes below the trailing stop, then we have no reason to exit the trade. the signal will vanish as we wait for fresh count down of 1 min to start all over again.

anyway, that is my understanding of this so far...!

 

[msa5678]

the system goes like this...!

once u get entry, we try to enter near that entry price. As a thumb rule, we rarely see price running after our entry, we get a retest atleast 80% of the time, so place entry and try to get in near prescribed entry level.

Once a trade is on, place stop at prescribed stop loss level. No hanky panky about this rule. Place stop loss immediately.

now modify this stoploss and watch the trailing stop line. the moment big-ask lines start trading above this trailing stop line, the exit counter starts. it is set for 1 min. So if it trades above trailing stop for 1 min..exit. you'll see a exit signal appearing on the screen. if the bid ask goes below the trailing stop, then we have no reason to exit the trade. the signal will vanish as we wait for fresh count down of 1 min to start all over again.

anyway, that is my understanding of this so far...!

You are 100% right. This query of appearance and disappearance of the signals has come many a time, and this post by Linkon can be referred to any further queries on the topic.

 

[PGDIMES]

the system goes like this...!

once u get entry, we try to enter near that entry price. As a thumb rule, we rarely see price running after our entry, we get a retest atleast 80% of the time, so place entry and try to get in near prescribed entry level.

Once a trade is on, place stop at prescribed stop loss level. No hanky panky about this rule. Place stop loss immediately.

now modify this stoploss and watch the trailing stop line. the moment big-ask lines start trading above this trailing stop line, the exit counter starts. it is set for 1 min. So if it trades above trailing stop for 1 min..exit. you'll see a exit signal appearing on the screen. if the bid ask goes below the trailing stop, then we have no reason to exit the trade. the signal will vanish as we wait for fresh count down of 1 min to start all over again.

anyway, that is my understanding of this so far...!

Though I didn't follow the system but liked the way it generates signals...

Linkon, plz add the above explanation to the 1st post of yours for the benefit of the majority who would follow the system...

 

[jallanankit]

PLs help on how to move the trading advisor box from the right top of the chart too the left bottom or any desired location..

 

[linkon7]

This 50% Booking is a good idea. Didn't think of this before. What do you think Linkon.

partial booking is a good idea, if we are trading outside yesterday's range.

 

[msa5678]

PLs help on how to move the trading advisor box from the right top of the chart too the left bottom or any desired location..

Another Suggestion would be to make the box a little bit smaller and NON-TRANSPARENT.

 

[jallanankit]

Another Suggestion would be to make the box a little bit smaller and NON-TRANSPARENT.

OK.. tht also can b done.. but how??

 

[nilesh53333]

have u exited ur postion linkon sir. i shorted at 5041. i got cover signal at 5048 i wait for 60 sec after that i exited at 5051 because that time price was 5051. system showed that signal sometime after that it disapperd. so how can we trust backtest repor. if signal changes like this. plz have a look. correct me if i am wrong.