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Thread: EMTELIMA (1348677), JOURNAL TRADING CONTEST "TRADER DAILY GRIND"

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    Default EMTELIMA (1348677), JOURNAL TRADING CONTEST "TRADER DAILY GRIND"

    Hi friends,

    Here is my account:
    Account Number : 1348677
    Password Investor : htyk1bg
    Strategy : Multiple Lot Hedging
    Indicator: Slope Direction Line (15,3,0), Parabolic SAR (0.02,0.20), Pivot Line.
    Pairs : All Pairs, specially GBPUSD and EURUSD
    Time Frame: 15M

    THE RULES

    Entry Rules:
    1. Buy when Slope Direction Line is going up or changes its color to white.
    2. Sell when Slope Direction Line is going down or changes its color to red.

    Exit Rules:
    There are many choices of exit rule:
    1. Exit when the profit has enough.
    2. Exit when the Slope Direction Line changes its color.
    3. Exit at a certain level of pivot , support, resistant .
    4. Trail the stop loss by Parabolic SAR.

    THE STRATEGY


    This strategy is named : Multiple Lot Hedging Strategy.
    The main purpose of this strategy is to save the previous order if the price against us. Here is the strategy:
    1. After buy order has sent, put double lot sell pending order at lower low of previous candle + 2 points.
    2. After sell order has sent, put double lot buy pending order at higher high of previous candle + 2 points + spreads.

    Hope this strategy could help us to make everyday forever.
    Don't forget to say thanks, mate.


    Name: EMTELIMA TRADER DAILY GRIND CONTEST.jpg Views: 513 Size: 158.7 KB

    Good Luck to you all. :luvmt5:

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  2. 3 users say Thank You to emtelima for this useful post.

    cumil (03-07-2011), mhassan (08-07-2011), Toxic (04-07-2011)

  3. #2 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Hello, everyone...the contest season just starts, let's race begin...
    GBPUSD open with 14 points gap, it is nice for gap trapping system.
    Waiting for signal to make position. May God bless us in this week.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  4. #3 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    GBPUSD is an uptrending.
    But I better leave it, waiting for reversal.

    Name: 1.jpg Views: 519 Size: 178.6 KB

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  5. #4 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Sell GBPUSD 4.0 Lot at 1.6067 ticket#70289456
    Buy Stop GBPUSD 8.0 Lot at 1.6088 ticket#70289550
    Sorry, I can not upload the screen shot because of malfunction of my photoshop.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  6. #5 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Quote Originally Posted by emtelima     
    Sell GBPUSD 4.0 Lot at 1.6067 ticket#70289456
    Buy Stop GBPUSD 8.0 Lot at 1.6088 ticket#70289550
    Sorry, I can not upload the screen shot because of malfunction of my photoshop.
    You can use paint

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  7. #6 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Quote Originally Posted by mjomha     
    You can use paint
    Thanks friend...Here is the picture.
    The last Buy Stop order was hit.
    Then I add more pending order:
    Sell Stop GBPUSD 12 Lot at 1.6055
    Attached Images  

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  8. #7 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Unfortunately, this is not my lucky order.
    All my order result in negatif floating till this day. So, I decide to close all now with minus $136.80
    Next looking for new signal.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  9. #8 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    My Slope Direction Line changes its direction. It looks like to go up a moment.
    Try to catch this chance.

    Placing new order:
    Buy 10.00 Lot GBPUSD at 1.6050
    Sell Stop 20.00 Lot GBPUSD at 1.6030

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  10. #9 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Sell stop was hit. Adding new position Buy Stop 30.00 Lot GBPUSD at 1.6055.
    Hope the margin available for that pending order. If don't I will reduce the lot.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  11. #10 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Default The Review

    Quote Originally Posted by emtelima     
    Sell stop was hit. Adding new position Buy Stop 30.00 Lot GBPUSD at 1.6055.
    Hope the margin available for that pending order. If don't I will reduce the lot.
    Here I review my last position.

    Position #1: Buy 10.00 Lot GBPUSD at 1.6050
    Position #2: Sell 20.00 Lot GBPUSD at 1.6030
    The pending order Buy Stop 30.00 Lot GBPUSD at 1.6055 was not hit because of not enough margin.

    My mistake began when I forgot to delete the take profit which I set on my position#1, so this position closed at 1.6090 when price went up higher and left the position#2 float negative. Unfortunately pending order Buy Stop didn't hit because of not enough margin. To rescue it I decided to hedge position and so on till now the recent position is floating with minus $808. Hope this minus floating will end on next day being normally again. After that I will continue trading with my system.

    Good luck to you all....

    Name: 4.JPG Views: 481 Size: 119.8 KB

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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