MT3 Text Book Trading

MT3 Text Book Trading is where you get in at the high, hit the low and go back to retest the high again

This chart was created by NinjaTrader. NinjaTrader is a FREE application for advanced charting, market analytics, automated strategy development and trade simulation. Download it now at www.ninjatrader.com

MT3 HIGH LOW Long

MT3 HIGH LOW Long 2 - Target 1 acquired, Target 2 is trailing

This chart was created by NinjaTrader. NinjaTrader is a FREE application for advanced charting, market analytics, automated strategy development and trade simulation. Download it now at www.ninjatrader.com

MT3 61Pips and still trailing

MT3 61Pips profit and still trailing the stop automatically. The first target was acquired and banked. I wll leave this to trade itself out.

This chart was created by NinjaTrader. NinjaTrader is a FREE application for advanced charting, market analytics, automated strategy development and trade simulation. Download it now at www.ninjatrader.com

MT3 NinjaTrader Strategy High Low Mechanical Trading

Using the MT3 NinjaTrader Strategy High Low Range trading robot  is now my chosen route, i was profitable trading the old system, but do not have the time to trade as much as i need to.

The manual system i traded has been simplified by Tom at MicroTrends and can be seen here:
http://forum.micro-trends.co.uk/topic936-woodies-cci-divergence-pivots-hilo-levels-trader.aspx

This was a good system and used a choice of many intersecting technicals factors - the MT3 is not as sophisticated as that but I am told it will be overtime. I am trading 2 positions on a live account using a setting that was profitable over 1 year of data and I will be able to learn set and forget trading with the robot.
Overtime I aim to increase position size and optimise the robot -and will post parts of my trading adventure and journey!

GBPUSD 18 November 2010 MT3 07:30 SHORT

Trade setup new high Weekly & Daily level 07:30

Trade entry close below candle setup low

Orders sell market 15937

Sell stop 15952

Target 15853 yesterdays low

Trade exit stop hit

PNL 30 PIPS PROFIT(Correction 26 pips due to slippage)

Daily chart shows daily level 15948 yesterdays high

240 min shows weekly level last weeks low 15950

Renko shows setup & entry

FXMAXMAX bounce on 10 min

FXMAX LONG bounce on 240 min

0% Fib level weekly on daily chart

240 min FXMAXMAX IS flat

GBPUSD 10 November 2010 Long trade 08:00

THE TRADE I WOULD LIKED TO OF TAKEN

Trade setup, New low, Daily level

Trade entry, close above setup candle high

Order, Market buy at 1.5970

Stop, Sell stop 1.5955

Target, 1.6090

Trade exit, 1.6090

Intraday HTF Chart

60 min shows Daily level

10 min shows setup

Renko shows Entry

240 min FXMAXMAX shows slight long trend

GBPUSD 15 November 2010 BE long trade weekly high

Trade setup, new low, Weekly level, 08:30

Trade entry, close above setup candle high

Order, Market Buy 1.6046

Stop, 1.6032

Target, 1.6120 below todays open

Trade exit, Trailed stop @ BE

PNL 0 Pips

Intraday HTF Chart

240 min shows weekly level

10 min shows  Setup

Renko shows entry

240 min shows FXMAXMAX trend slightly long