nicetpad2
New Member
I've traded full time since 2006. I retired to Mexico with my beautiful wife in 2012. I stopped full time trading a few months ago to concentrate on taking her all the places she wants to see and experience. I stopped contributing to the one trading thread I started, which is now virtually inactive. I'm starting this thread about using and optimizing a day trading system. I say optimize, because there is no suck thing as perfect in trading.
This system is simple and not a fast as my previous one which could get quite hectic at times. But I wanted something that is simple with a slower pace that makes money consistently.
Don't ask me about back testing, I don't do it. I trade a little demo to get the feel then move right to live when I feel comfortable. I trade mostly the NY open say starting 8am EST till 11am. I trade 3 says a week Tues-Thurs. I trade 1-5 lots depending on my mood. Look at the system tear it apart, like it, mock it,offer tweaks for it.
I've been trading it live for about a month now with good results. Not the holy grail, but no system is.
Template as follows:
15 minute candles
Williams %r With only 50 median line
SAR X-overs
Buy when you get a bullish arrow and Williams %R is above 50(Some times you will get arrows when price is consolidating wait for price to break resistance/support. )
Sell when you get a bearish arrow and Williams%R is below 50(same applies with consolidations)
I set stops a few pips above/below previous swing high/lows don't set specific TP's just keep moving stops as trades goes my way.
This system is simple and not a fast as my previous one which could get quite hectic at times. But I wanted something that is simple with a slower pace that makes money consistently.
Don't ask me about back testing, I don't do it. I trade a little demo to get the feel then move right to live when I feel comfortable. I trade mostly the NY open say starting 8am EST till 11am. I trade 3 says a week Tues-Thurs. I trade 1-5 lots depending on my mood. Look at the system tear it apart, like it, mock it,offer tweaks for it.
I've been trading it live for about a month now with good results. Not the holy grail, but no system is.
Template as follows:
15 minute candles
Williams %r With only 50 median line
SAR X-overs
Buy when you get a bullish arrow and Williams %R is above 50(Some times you will get arrows when price is consolidating wait for price to break resistance/support. )
Sell when you get a bearish arrow and Williams%R is below 50(same applies with consolidations)
I set stops a few pips above/below previous swing high/lows don't set specific TP's just keep moving stops as trades goes my way.
