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X-Man's Super Simple System

Quoting leonaforex
Really - only post #71 and you must be rude? Don't pollute the thread, all are here to learn and help each other, not tear each other down. Be nice, all.
Hope this does not offend anyone
Leona
Agree. Besides, reading a chart & managing a trade is a different skill than haggling with technology. (Celebreties have pool boys; I want a computer boy. Not interested in any "side benefits", just make the silly thing work!)
Hello, Xman thanks for the strategy! sounds like a gud 'un.. anyway for all those that need help setting up strategy on the 1hr chart.. I have uploaded the template for it..i think its correct...feel free to correct and update me if possible..

HappY TradinG!

by the way..to view the template in full please make sure you download and use littlebunnys session indicator..I have implemented it in my template to make for easy viewing :-)
Attached File
File Type: tpl xman 1hr.tpl   53 KB | 1,026 download
Quoting leonaforex
What you need to do is go to "visualization" tab on your SHI channel indicator, and uncheck "show all" and check "daily".
Then when you go to your 4H timeframe, you will have to zoom out to find the channel -- it is there, then zoom in to trade. This gives an idea of the pa.
Actually Leona, I think there's more to it. The visualization only effects which timeframes the channel "appears" on, not what timeframe the channel "reads" off of.

You need to open up the indicator and under the inputs tab select the timeframe of 1440 for the D1. Then that will lock the channel to the Daily when you're on the H4.
Quoting spyderman
Actually Leona, I think there's more to it. The visualization only effects which timeframes the channel "appears" on, not what timeframe the channel "reads" off of.

You need to open up the indicator and under the inputs tab select the timeframe of 1440 for the D1. Then that will lock the channel to the Daily when you're on the H4.
Thank you spyderman! This definitely helps alot!
I would strongly suggest anyone looking into this system to actually do the backtesting as directed. Been starin' at old charts with the verticle lines on them for over an hour now and my bleary conclusion is that the magic hours that he has picked are quite good. Frankfurt tends to agree with London and within two hours trend picks a direction and tends to run for a while. The fifty pips TP and SL looks great, but if yer a little slow on the trigger like me TP might need to be a little more conservative especially if you get a raw deal on the spread being higher than say 3-4 pips or something like that. My suggestion is to get to the charts just a tad early and begin your analysis. BTW, only been lookin' at the Euro as instructed. But cable would be the same if not at least similar so if your spead is better there it might be worth lookin' into. I used to trade the Pound at the london open just using price action and came to the same conclusion, but really like the TDI and the Average Price Bars better.
"IN CASH WE TRUST"
Quoting fivex
I like the SHI_channel_true_TRO_modified_versi on.. by Shurka Kevin I forget where I picked it up but it was part of a trading system I messed with in the past few years maybe "forex pip taker?" anyway its copyrighted 09 but is as good as a SHI gets.
hey there if you can find that SHI channel and post it on this forum it would be cool
X-man the legendary conqueror of markets
Quoting killertrader
X-Man:

Can you tell me what your settings are on your indicators? I downloaded them to MT4, but my charts are not looking anything like yours (re: synergy bars and alerts).

Looks like a good system; want to backtest.

Thanks,
Guys the template will be up soon, i will put it up on my first post so then everyone will be on the same track then we can get pippin on Monday
X-man the legendary conqueror of markets
Hi X-Man, glad to see you started a thread with your method as I was alreays interested in your posts on TMS. Will follow with wheelbarrow in hand.

If not already clear, another way to save and manipulate template files is to go:

Template > Save Template (save to desktop) > then you have access and can upload.

Thanks
It is better to die on your feet than to live on your knees. Zapata.
  • AlexC
    Joined Jan 2010
This indicator plots vertical lines. You would load it once for 6am and load it a second time for 12.
Good for back-testing.
Attached File
File Type: mq4 Time_vLines.mq4   2 KB | 1,129 download
Hello All,

First let me thank X-Man for the share and the time given to this forum.
I'm new to your forum but have been trading full time for over a year now. This will be my first post here.

Regarding the H1 strategy...

I understand X-Mans system, but my back testing has proven to be quite inconsistent. I did a 5 month back test formatted 1 hour, 2 hour, and at each market opening, including Synergy bar color and weakness/strength of the first 1-3 bars at a bounce or a cross.

(BTW... littlebunny's box app was a huge help! Thank-you.)

I found about 40% of the days there was not a strong enough indication to make me to pull the trigger, and a lot were very interpretive between a bounce or cross off/through the Trade Signal Line (Red) and the RSI Price Line (Green). With SL averaging 60-100 pts (per X-Mans rule of prior swing), and a TP of even 2:1, there were not many days the market executed profitability based on these guidelines.

I'm really hoping I missed something. Look forward to any comments.
Quoting X-Man
hey there if you can find that SHI channel and post it on this forum it would be cool
X-Man

Is this what you want?
Attached File
File Type: mq4 SHIChanneltrue.mq4   7 KB | 1,004 download
Quoting spyderman
Actually Leona, I think there's more to it. The visualization only effects which timeframes the channel "appears" on, not what timeframe the channel "reads" off of.

You need to open up the indicator and under the inputs tab select the timeframe of 1440 for the D1. Then that will lock the channel to the Daily when you're on the H4.
This setting of SHI channel indi is really confusing. Let us wait for the X-Man's template that will be uploaded as promised by him tomorrow.

Regards,
Sativa
Quoting X-Man
hey there if you can find that SHI channel and post it on this forum it would be cool
I think, you are looking for this one?

Greetings from Hamburg/Germany,
Dietmar, DL4HAO
Attached File
File Type: mq4 SHI_Channel_true_TRO_MODIFIED_VERSION.mq4   14 KB | 1,676 download
  • sam21
    Joined Aug 2010
hey there every here is a vline that will work

I also want to say thanks to x-man for starting this thread .....it is great for you to share what you have been useing to make profit constantly.....
Attached File
File Type: ex4 Xi-VLines v1.02.ex4   13 KB | 1,160 download
As a fellow SA trader just like to say congrats and best wishes with your 1st thread, break a leg!!
Cheers.
Thanks X - Man for your S3 system and some confusing clarifications.
  • sam21
    Joined Aug 2010
This is what it looks like ,I added the shi channel from the H4 time frame ...
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-11-27_080241.jpg Size: 108 KB
Quoting SmokeyD
I found about 40% of the days there was not a strong enough indication to make me to pull the trigger. Look forward to any comments.
I've been looking at jumping in at the TDI cross regardless. Then if I haven't limited out at 50 (or 40?) by the end of the candle I entered on, get out when it closes with one candle's worth of pips. That's only for the New York trade, though. We'll see what our fearless leader has to say.
P.S. Dean Malone has a cool video where he shrinks the chart out of the way & just marks the TDI trades, then brings the chart back, & sure enough, there are the trades. I'll look for it later, unless somebody has it handy & would like to toss it up here before I find it. (Thanks in advance.)
Thanks lazylobster, leona, & spyderman - I think I got it (as in maybe) and will get it on the charts. p.
"Chance favors the prepared mind." Louis Pasteur
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