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Home » NinjaTrader Discretionary Trading Forex, Futures and Equities » Sample GBPUSD Trade Plan for MT3

Discretionary Trading Systems, training chart posts - Posts, questions and discussions
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31/03/2011 20:03:10

Tom Leeson
Tom Leeson
Administrator
Posts: 290
The MT3 - can emody most the rules in this.
This chart shows the power of woodies pivots - r2 to 1s was the trade.
Also the range was clearly 100% today to the pip

nice trading MT3...!

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MicroTrends

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02/03/2011 10:05:34

Tom Leeson
Tom Leeson
Administrator
Posts: 290
The system relats to the Workspaces and templates you can download..and use in NT.
for example:
MT Intraday HTF LTF Range with Trend
MT Intraday TTF Range wth Trend

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MicroTrends
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24/11/2010 13:24:03

forum
forum
Administrator
Posts: 387
To learn how to trade this effectively:

#1 Establish and learn rules
Drill rules verbally spotting every setup and entry on historical data...

#2 back-test
collect
# of wins -
$ win total
# of losses
$ loss total

#3 Stats...

If stats good
go to practice on simulator
if stats no good
go to #1 - alter rules
try with trend only etc...


This document will help you see the kind of permutations that can occur with a trade...
I use it as a drill.. like learning scales on a guitar...
edited by forum on 24/11/2010

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17/11/2010 12:45:12

forum
forum
Administrator
Posts: 387
This has been edited to verson 2.0.0.7.
The workspaces talks of are a download:
http://www.micro-trends.co.uk/images/NinjaTrader/forex-4-monitor-workspace-day-trading.png

how to find recent levels

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03/11/2010 20:08:59

forum
forum
Administrator
Posts: 387
Sample GBPUSD Trade Plan for MT3 and Currency trading workspaces.
This is a simplified set of rules.
It ignores trend and fibs in the setup - which is a better inclusion for more experienced traders.

This was based on a $600 account, however due to the leverage changes might be better off at $1000 so you can get an ATM order for stop and target.... but still work on a notional account value of $600...

I apologise for the spelling in advance, this is an unedited and rough version...

edited by forum on 03/11/2010
edited by forum on 03/11/2010
edited by forum on 03/11/2010

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