DislikedI think hard stop and trailing stop is the soft spot of this system. Closing a trade should be decided based on the price action on lower time frame like 1M. of course it will be very subjective and it may cause more harm than benefit.Ignored
DislikedI will post my weekly update as requested, as I will not be trading anymore today.
week 45: + 23.1 % - average 4.6 % per day
week 44: + 28.9 % - average 5.8 % per day
since start +52.0 % - average 5.2 % per day
Remember live trading
UdineIgnored
DislikedIn the first page Udine said he's made all the studies about TP/SL, most profitable hours and kind of trades. He stated for 90% winners.
The only thing we can do is try to follow his rules and see what happens.....Ignored
DislikedCan everyone PLEASE wait until I get finished fixing the MTF HA ADR indicator this weekend before applying bandages to a car held together with wires and glue? Yes, if you can code, go ahead but please don't post any more modifications until address all the issues and questions and then if you want to hack it, go ahead. I do feel a little responsible since I slapped together the first one. Here are the things I am addressing (question marks are questionable):
NOTE: requires Heiken Ashi.ex4
clean up code
fix arrows (distance)
allow for 4 and 5...Ignored
Disliked
2. no the MTF has bars do NOT repaint: we look at higher timeframes on the 15M, this means that the 1H consists of 4 15m bars and the 4 hour of 16 15M bars, so they might change color, this is NOT repainting!
So that has been dealt with
Ignored
DislikedThe repainting MTF indicator does not mean that the system won't work.
It may work fine.
The problem is you can't look back on a chart and know whether it has been profitable or not. It cannot be backtested.Ignored
DislikedHello precisiontra,
The repainting issue has already been told by Udine in post #5. Ultimately it is the performance which counts, Till now it has been satisfactory. Rest time will tell.
Diamonds do exist in South Africa. Everybody knows it. But only few could tap them and make business.Ignored
DislikedHello friend,
Here is what he said in post #5:
================================================
2. no the MTF has bars do NOT repaint: we look at higher timeframes on the 15M, this means that the 1H consists of 4 15m bars and the 4 hour of 16 15M bars, so they might change color, this is NOT repainting!
So that has been dealt with
==========================================
Yes, if he knows that they will changing color, then why all the example trades in the hind-sight charts in the first few pages are based on color-changing 4-hour and 1-hour...Ignored
DislikedI do know precisiontra, what recalculation and repaint mean . I have been trading for the last 5 years.
I told in my post that it is the performance which counts. Udine has demoed it from July till October. Many people are testing it on demo and also trading live. If the strategy does not work then it should prove in the days to come. Let us wait and watch.Ignored
DislikedIs that Nov 11 or 11 Nov? Only once a month do the US and UK agree on the date!Ignored
DislikedVery nice! Does is mean that you have traded this system fro 45 weeks?
Thank you for the inspirationIgnored
DislikedI have just finished the first two pages of this thread, and I found a major flaw of this methodology. Maybe somedody else already pointed it out in the later page, or may be not. either way I have to point out that, using a multi-time frame indicator like HA to eyeball the past bars is a no-no, because the 4 hour histogram will change color for the entire 16 15-minute bars during its formation in real-time. But if you loaded in a new chart, the 4-hour histogram (all 16 bars) will stay with the same color as the close of the 4-hour bar.
So, on...Ignored
DislikedPrecisiontra,
thanks for your input.
I have mentioned the recalculating of the MTF. which does NOT bother me. If you say this system does not work for you, no problem.
My account since July is telling me otherwise and the last two week live have confirmed me.
so please, if it doesn't works according to you, don't tell my account
UdineIgnored
DislikedOkay, please re-read my previous posts.
Why you keep posting these non-existing signals in all of your trade examples. All your example trade signals are invalid in real-time, because you trading signals in the example are based on the repainting indicators up to 16-bars. If you do know your indicators repaints up to 16-bars, why you keep posting trade signals based on these MTF repainting indicators. That is the reason I post my explanation. And that bothers me a lot. For somebody well versed in FX, and do know what a repaint indicator is, and...Ignored
DislikedOkay, please re-read my previous posts.
Why you keep posting these non-existing signals in all of your trade examples. All your example trade signals are invalid in real-time, because you trading signals in the example are based on the repainting indicators up to 16-bars. If you do know your indicators repaints up to 16-bars, why you keep posting trade signals based on these MTF repainting indicators. That is the reason I post my explanation. And that bothers me a lot. For somebody well versed in FX, and do know what a repaint indicator is, and...Ignored