Im just learning about "buzzard trades", seems that this could be a very good way to complement this kind of trading. Ill demo it without the zerolag indi.
Carlos
http://csbueno57.mt4stats.com/
Simple System
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150 pips sl and 50 tp is what I meant;
With a 90% win ratio, it has worked for me.
This week I move to just 100 sl. using buzzard candles.
Ideally, I´d like to make it 100 tp and 100 sl. using a trailing stop for whatever points is best.
Remember, MM is kind of a personal thing, since it involves more of a psicological barrier than anything.
Yesterday, I went short on eurjpy in my real acct. I just knew the price was going down, at least 50 tp points. where the 30% fibo retracement level was
How much I wanted to risk? well, 100 points was reasonable and my tp was 150. but I decided to use a Trailing stop. I got 47 pips.
I did the same with the pound and the aud in my training demo. I got profit in all.
I think Ill not use the zero lag indy anymore.
With a 90% win ratio, it has worked for me.
This week I move to just 100 sl. using buzzard candles.
Ideally, I´d like to make it 100 tp and 100 sl. using a trailing stop for whatever points is best.
Remember, MM is kind of a personal thing, since it involves more of a psicological barrier than anything.
Yesterday, I went short on eurjpy in my real acct. I just knew the price was going down, at least 50 tp points. where the 30% fibo retracement level was
How much I wanted to risk? well, 100 points was reasonable and my tp was 150. but I decided to use a Trailing stop. I got 47 pips.
I did the same with the pound and the aud in my training demo. I got profit in all.
I think Ill not use the zero lag indy anymore.
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Thank you for your support.
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lukx wrote:Carlos and what are blue and red dots? 3 Semas?
Those are from an old indicator that I never took out of that template.
I dont use them. Its not bad either.
You can find it here:
http://codebase.mql4.com/4220
Carlos
rowdy wrote:Carlos,
Did I understand you correctly? You are not going to use the Zero Lag Stochastics indicator anymore and just use I-Regr and Buzzarding.
Yes; Ive been studyng this buzzard trade thing, and sounds logical, and more precise than using the Zero indy
The Zero has worked very well for me, but I think I can implement a lower Sl if I combine buzzardtrading with the E-regr.
Buzzard trades is something I´ve learn from this great forum
Regards
Carlos
jimmynz wrote:hi,
can u post a lonk foe buzzard trades?
thanks, good work on this system csbueno
Ill try to make a simple explanation:
What I do, is only enter a trade if theres at leat 3 previous candles in the opposite direction of the trade; if the new candle starts to move for certain time in the direction of the trade,(or just wait the candle to close) its a go for me. Obviously, I still use the e-regr channel as a guide.
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