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Dan Campbell(2)
Forum Admin & Instructor
| Joined: | Sun Jun 3rd, 2007 |
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| Posts: | 814 |
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Posted: Thu May 15th, 2008 09:23 pm |
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Welcome to the 4Xlounge Wake Up Call
Each day Adam Rosen will wrap-up the European trading session, and provide a preview to the trading day ahead; focusing on the most relevant chart patterns, recently released and pending news, as well as the most exciting trades to keep an eye on. Start every trading trade with a "Forex Wake Up Call"...
(Click here to view the Wake Up Call Feed)
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Kindest regards,
Dan Campbell
4Xlounge Support
info@4xlounge.com
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Alihuzaifa
Trader
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Posted: Fri Jun 12th, 2009 06:07 pm |
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hi
adam i am following your daily wake up calls from last few days and i must say its really good to have a overlook of market for rest of day in less then 3 mins.
i have a suggestion for you,as u are describing technical over look of currencies u shud also mention about IMP comming news for the day so that we can keep an eye on those imp events and news.
regards
Ali
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Sky is not the limit
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ernis22
Trader
| Joined: | Thu Feb 12th, 2009 |
| Location: | Lithuania |
| Posts: | 1 |
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Posted: Tue Aug 4th, 2009 06:35 am |
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Alihuzaifa wrote:Hi Dan,
I wanna say thanks for you and for your company.... Your site is very useful.. a lot of information I found here.. 
Best Regards..
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Day Trader
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Dan Campbell(2)
Forum Admin & Instructor
| Joined: | Sun Jun 3rd, 2007 |
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| Posts: | 814 |
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Posted: Tue Aug 4th, 2009 05:24 pm |
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Hello,
Your are very welcome. Yes, Adam does an excellent job analyzing the markets. We are happy to help... More to come...
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Dan Campbell
4Xlounge Support
info@4xlounge.com
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kohalmiz
All Access
| Joined: | Sun May 23rd, 2010 |
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| Posts: | 43 |
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Posted: Mon Jul 5th, 2010 08:45 am |
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Hi,
Unfortunatelly i do not find the allaccess performance page, as you described in the last movie about x system.
Somehow the page looks now really different as you describe in the movie.
Could you help?
Thnks you ,
Zoltán
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Dan Campbell(2)
Forum Admin & Instructor
| Joined: | Sun Jun 3rd, 2007 |
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| Posts: | 814 |
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Online
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Posted: Mon Jul 5th, 2010 10:05 am |
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kohalmiz wrote:
Hi,
Unfortunatelly i do not find the allaccess performance page, as you described in the last movie about x system.
Somehow the page looks now really different as you describe in the movie.
Could you help?
Thnks you ,
Zoltán
Hi,
Are you referring to the results pages? They are part of the X System Software. Click on the "Charts" button.
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Dan Campbell
4Xlounge Support
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kohalmiz
All Access
| Joined: | Sun May 23rd, 2010 |
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| Posts: | 43 |
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Posted: Mon Jul 5th, 2010 02:55 pm |
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Thanks,
In the movie the tutor referred to another link, but maybe that is changed now.
My question basically comes to the trick to find the winner trades of x system.
In the last movie there were good ideas.:
1. Find where the 20 sma crosses the pnl curve.
2 find the biggest drowdowns.
3. Get the trades just after the winning ones.
So theoretically these are good advices.
But practically:
There was also drowdown in the past of 23 losing trades, and some between 15-20) ....if somebody just joined the trades after 8-10 consecutive loss...then ...
If we would like to catch trades just after 8 loser ones, normally the system buffers 5-8 trades, so you have to assume that those trades would be losers, to be able to enter the new ones just opening. Otherwise you miss. Also because if when the loosing trend changes, normally the market is breaking a trend or a range(i would say the system finds the right trend to open, sometimes even with a reverse trade).
This cases you have to enter immediatelly because no retrace(even at long term trades).
Getting the next to a winner you should also know the winner ones in advance....
So what I would like to say that anyway you need to understand the market trend if there is any. If you understand then no need to count the loosing trades, just take those that comes with the new trend, or with a retrace, and leave alone the faulty breakouts.
Please give your thoughts about the aboves.
Br,
Zoltán
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Adam Rosen
Forum Admin & Instructor
| Joined: | Mon Jul 30th, 2007 |
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| Posts: | 301 |
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Posted: Mon Jul 5th, 2010 03:58 pm |
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Hi,
You've made some excellent points. There are a number of different ways we can hope to isolate the 'best' trades generated from the X-System trading program. I believe you are correct in stating that the best trades have a better chance of emerging during a significant market trend, and therefore it is important to also focus on the underlying trend and it's inherent strength. Additionally, we should also do our best to simply be aware of the recent X-System performance and it's historical significance. I think putting those two philosophies together can certainly give us the best chance of finding the winning trades, and ignoring the trades with lower probabilities of success.
All the best,
Adam.
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Adam Rosen
arosen@4xlounge.com
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Dan Campbell(2)
Forum Admin & Instructor
| Joined: | Sun Jun 3rd, 2007 |
| Location: | |
| Posts: | 814 |
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Online
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Posted: Mon Jul 5th, 2010 10:46 pm |
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kohalmiz wrote: Thanks,
In the movie the tutor referred to another link, but maybe that is changed now.
My question basically comes to the trick to find the winner trades of x system.
In the last movie there were good ideas.:
1. Find where the 20 sma crosses the pnl curve.
2 find the biggest drowdowns.
3. Get the trades just after the winning ones.
Zoltán
Hi,
The best way to tweak X System's performance (in my opinion, but every Pro Member has their own opinion) is to do 2 things:
1. Only trade the best 4 or 5 pairs. This one is huge. By only using 4 or 5 pairs, your draw downs will be much less and your winning streaks will increase. Don't change the pairs very often or your risk/reward values will get out-of-wack. Change them 4-6 times per year... Remember; (VERY IMPORTANT) X System's over-all performance is positive, but... you will have losing trades. Some members do more harm than good when trying to filter out the losing trades. With our risk/reward setup and if you factor in "reversals", each winner is worth about 3 losers. (i.e. if you avoid 10 losing trades, but miss 4 winners in the process, you are behind)
2. Using the 20 SMA that you stated is very effective too. Basically, as soon as performance moves below the SMA, turn the EA off and close any open positions (they will probably get hit for a full stop). Wait for performance to move back above the 20 SMA and then turn the EA back on. This requires practice as timing is critical.
(Click here to view the ST SMA page)
(Click here to view the LT SMA page)
There are more X System ideas and threads in the Pro Members section of the forum. Also, keep in mind, that most of our Pro Members prefer to self trade instead of using X System. Self trading has some huge advantages. Example; if you are using Trend Map and only opening 2 or 3 trades at a time, you can increase your leverage, plus you can trade on your terms(hours). Here is some math for thought:
EA = 1 mini (10k) lot per $5000 of equity, per system - so each pip earned is worth about $1
Self trading = 1 mini (10k) lot per $2000 of equity, if opening 2 or 3 trades at a time - so each pip is worth about $2.5 if compared to a $5000 account
Conclusion, you don't have to earn as many pips self trading as with the EA
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Kindest regards,
Dan Campbell
4Xlounge Support
info@4xlounge.com
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4_u2
All Access
| Joined: | Thu Aug 2nd, 2007 |
| Location: | United Kingdom |
| Posts: | 15 |
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Posted: Tue Jul 6th, 2010 02:28 am |
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Yes, I use the 4 best pairs per system, plus run the rt ea. That's really all you have to do. No need to micro manage. I change my pairs based on the movies that Adam puts out each month. It's usually the same pairs. Between the 3 ea's, I'm averaging about 37% per month. Try doing that with a money market account, HA!
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Slow n Steady will win enough races, no need to hurry...
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