Attachments: Amazing Trend System!

Amazing Trend System!

#1
First Post: Jun 3, 2011 11:25am Jun 3, 2011 11:25am

pipstert2
| Joined Nov 2010 | Status: Trend Trader | 288 Posts

ABOUT THE SYSTEM

Hey all, I want to share with you a system I learned online. I did not created this system, neither do I own it. It was advertised to have 80% accuracy rating, and I have backtested it, and it seems to work.

THE SYSTEM
Indicators: Parabolic SAR, Force index(13), MACD(12,26,9) , 20 EMA.

ENTRY
Buy when price is above MA, MACD is below 0 and going up, Force is going up, and Parabolic Sar is below price.
Opposite for short.

EXIT
Exit when MACD is rounding up, or down.

WARNING! Trade this system at your own risk.

If you like this system, you can thank me by giving me a voucher.

Enjoy!

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"speak softly, and carry a big stick" Teddy Roosevelt

#2
Jun 3, 2011 11:35am Jun 3, 2011 11:35am

Andy B
| Joined Apr 2008 | Status: Trader | 282 Posts

What kind of stop loss would you recommend? There are 2 failed shorts following the successful long

#3
Jun 3, 2011 11:37am Jun 3, 2011 11:37am

pipstert2
| Joined Nov 2010 | Status: Trend Trader | 288 Posts

If you shorted below the MA(which is in the system), your stop would be in it closed above the ma.

"speak softly, and carry a big stick" Teddy Roosevelt

#4
Jun 3, 2011 1:14pm Jun 3, 2011 1:14pm

pipstert2
| Joined Nov 2010 | Status: Trend Trader | 288 Posts

Example

Attached Image (click to enlarge)

"speak softly, and carry a big stick" Teddy Roosevelt

#5
Jun 3, 2011 3:45pm Jun 3, 2011 3:45pm

pipstert2
| Joined Nov 2010 | Status: Trend Trader | 288 Posts

To show every one that this system works, I will post all of my trades here next week.

"speak softly, and carry a big stick" Teddy Roosevelt

#6
Jun 4, 2011 1:34am Jun 4, 2011 1:34am

frida
| Joined Oct 2010 | Status: Trader | 132 Posts

Quoting Andy B

Disliked

What kind of stop loss would you recommend? There are 2 failed shorts following the successful long

Ignored

You wouldn't take 2 shorts after long one because Macd is above 0. Above 20 MA and above 0 Macd only long and vice versa for short.

#7
Jun 4, 2011 1:57am Jun 4, 2011 1:57am

forexhard
| Commercial User | Joined May 2011 | 1,754 Posts

Is there a trend system that doesn't work?

To improve is to change. To perfect, is to change often.

#8
Jun 4, 2011 2:22am Jun 4, 2011 2:22am

Andy B
| Joined Apr 2008 | Status: Trader | 282 Posts

Quoting frida

Disliked

You wouldn't take 2 shorts after long one because Macd is above 0. Above 20 MA and above 0 Macd only long and vice versa for short.

Ignored

That's not what post 1 says: Long when MACD is below zero but rising, opposite for shorts

So both those shorts would have been taken under this system (MACD above zero and falling), and both would have lost

As the previous post says, all trending systems work in a trend; similarly all fail when the market consolidates

#9
Jun 4, 2011 7:43am Jun 4, 2011 7:43am

pipstert2
| Joined Nov 2010 | Status: Trend Trader | 288 Posts

First of all, this system is not all about MACD,Force. Basicaly the the Sar and MA, I just use the MACD and forc for confirmation of trade. Secondly, if the MACD and force are trending down, thats good, but I would wait till price crosses first candle. Just to keep you out of bad trades.

"speak softly, and carry a big stick" Teddy Roosevelt

#10
Jun 4, 2011 7:54am Jun 4, 2011 7:54am

pornificator
| Joined Nov 2010 | Status: Trader | 4 Posts

what time frames are you using it?

#11
Jun 4, 2011 10:21am Jun 4, 2011 10:21am

cjt
| Additional Username | Joined Apr 2011 | 97 Posts

Quoting pipstert2

Disliked

First of all, this system is not all about MACD,Force. Basicaly the the Sar and MA, I just use the MACD and forc for confirmation of trade. Secondly, if the MACD and force are trending down, thats good, but I would wait till price crosses first candle. Just to keep you out of bad trades.

Ignored

Ok .... The system

1. The Macd is your trend Study!
Only take the 1st or 2nd trade after it turns.
This is the key to the system.
That is why you get out when it turns again.

2. the Sars is there to give you the second entry

3. The 20 EMS is to protect you when the Macd goes to its water line

4. Just what the Force does I do not know. I think it is Totally Redundant and useless.

By the way, make live easier and remove the Signal line from the Macd.

I had an ebook on this, it works great but its more like 60% winning which is more then needed . The book said never do it on any thing less then on hour chart , said best on 4 hour or day charts. You will get some great runs. But you have to watch the draw downs.

That is my 2 cents

Set /Forget /Let