Recent content by nc_trader

My issue is that my losses are considerably bigger than my wins. Maybe it's just my broker, but if the price zooms past the buy/sell stop or stop loss, I have seen slippage as high as 12 pips. I've used 1MD on GBP/USD for a little over 4 months now, and I am just below what I started with...

I am finding that this system requires a lot of patience. You can break even for 3 or 4 months and then double your account in 1 month. The classic system done manually is very specific. And there is 4 years of data to back it up. The EA is a different story. It has many settings and...

Hi Paul41, The MagicBreakout system sounds very interesting. It is hard to find any information about it anywhere on the net. Any results or experiences that you've had with the system would be so appreciated. Thanks

Hey Paul41, Could you send me the info too. I am also interested in this system. Thanks.

Brutal week. No doubt.

I think that false buy breakout got most of us. I'm trying to be as by the book as possible too, but I had my doubts a buy order would work out. Let's just be happy for the break even sell trade. "I" for facebook.

From the way I understand it, you only cancel a pending order when the profit target is reached for the open order, or wait until the next day and cancel pending orders before you open the new ones for the next day.

Fanatica Last Monday was around 300, and it had a false sell breakout. It might be better to stay out at these levels. Right now you would need 400-500 points to reach profit. I don't think I will trade if the range is over 200. It doesn't seem to happen that often, so I don't think it's a...

Awade Thanks. I did not want to steer anyone wrong. I've only had the system for 2 months now, and I've done great with those settings. I didn't know they had a new version out. Sorry for the confusion everyone.

From the manual: Set your alarm clock to 9:00 GMT for GBP/USD. Right now 9am gmt is 5am est and 4 am cst. Am I wrong about this?

Tony, Double check your "broker gmt shift". I'm in NC and I set my cable order at 5am. We should be in the same time zone. And yesterdays trade began with a false sell breakout, followed by a buy breakout that was a winning trade. Basically a break-even day. So I think you're set up 1...