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rdwatkins Oct 7, 2011 11:47am | Post# 1161

Eval,

Your starting of this thread and tireless contributions are much appreciated.

Can you tell me one missing portion of info regarding your 5minute trading experience... When do you start and end your trading day to achieve these results? This insight would help me in determining how best I might follow and shadow your efforts.

- RD

ACCOUNT Statistics Report - WEEK 3

As I have done for the past Friday, I am posting my weekly Account Statistics Report on the Account that I opened when I began this thread.
Three full trading weeks ago, I started this thread and I setup a trading account with 3k the same day (19 September 2011) to strictly trade by the rules defined in this system. This was done in effort to prove this system.

I have tried to be open and honest about all the particulars of this system; posting all orders (good and bad) that I have...

Evaluator Oct 7, 2011 11:49am | Post# 1162

Hi Eval:

Will you please be kind enough to suggest how often should be a 5M chart be refreshed?? After a SPIKE ...

Or is it necessary to refresh?

I see Extreme Cycle and Sentiment changes when I refresh...

THanks

Pipmonger

As often as you feel like it. I would recommend you refresh right before you place and order to make sure your information is current.

fx26 Oct 7, 2011 1:07pm | Post# 1163

Setting of SSP for Market Emotions Indicator
 
Hi Eval,
What is the correct setting for SSP in the Market Emotions Indicator on page 1? I downloaded the previous indicator earlier but thought would like to standardize with what is currently being discussed. I remembered it was mentioned as SSP=5 somewhere in the thread but when I donwloaded the indicator from page 1 it was 7.

Please confirm the correct setting and thanks.

Regards.

Evaluator Oct 7, 2011 1:12pm | Post# 1164

Momentum Keeps Building

Since my last post about visititation (7 days ago) this thread continues impressive gains. (see post #150 and post#658)

95,436


A big HUG and Kiss to everyone ...

Thank you for visiting this thread. It is my sincere hope you find it instructive and helpful to your trading.
PLEASE PLEASE please....keep it up with the comments, ideas, and teamwork.

Evaluator.

(please do not forget to rate)

P.S. Have a WONDERFUL WEEKEND!

rdwatkins Oct 7, 2011 1:36pm | Post# 1165

Additional Filtering Thoughts
 
1 Attachment(s)
Hi realjumper & Eval,

I like the idea of more filters meant to avoid the repaint issue (higher highs). Tell me what you think on the TDI (RSI based) extension of realjumper's original shared thoughts...

Note A: Line #2 is a possible entry point despite trend line not being blue (long indication). Why, because all other filters agree. Secondly, if this adjusted system is reviewed, notice that the SL only needs to be the spread beyond that latest low at the Extreme Indicator marker @ point #1. This increases the RiskRewardRatio on this trade with minimal risk.

Note B: Note how tight the stops can be on all entries if alignment of all 6 are in place. Simply set the stop to the last low indicated by the Extreme Indicator's last minor extreme (non-colored spike below the mid-line).

Note C: Gold vertical line #3 would not be a suitable entry as both TDI and Stoch are peaking and due for a retrace.
Click to Enlarge

Name: screenshot2.jpg
Size: 244 KB

Moewet Oct 7, 2011 5:32pm | Post# 1166

Repainting Critics
 
Only bastid newbies cry about repainting indicators,it's cuz the don't know how to read price action and their still trapped in a fantasy land looking for some magical arrows filled with colors to show them where to place their orders!

If price is going up on a 4hr chart hits the 200 ema then an engulfing candle ensues do you still need the semafor,extreme cycle,3 sma shift 3 to tell you resume selling?,if so take your arse back to babypips and graduate then and only then will you stop looking for the leprechaun sitting on top of the rainbow!

Moewet Oct 7, 2011 5:40pm | Post# 1167

Xard,where are you
 
I see no one has dicussed whether or not Xard's contribution was worth running alongside or maybe even worthy enough to replace the extreme cycle,I guess I will continue to test myself,had a couple of good trades on 30 min and 4 hr chart since starting to trade this no losses but I only traded 2 days this week cause of travel I have about 1 week and half now of trading this total but I will let ya''ll know next week how it's looking

rcbarlow Oct 7, 2011 8:00pm | Post# 1168

Hi realjumper & Eval,

I like the idea of more filters meant to avoid the repaint issue (higher highs). Tell me what you think on the TDI (RSI based) extension of realjumper's original shared thoughts...

[i]Note A: Line #2 is a possible entry point despite trend line not being blue (long indication). Why, because all other filters agree. Secondly, if this adjusted system is reviewed, notice that the SL only needs to be the spread beyond that latest low at the Extreme Indicator marker @ point #1. This increases the RiskRewardRatio on this trade...
Any chance you could post the indicators and template for the above chart?

Thanks

Viv108 Oct 8, 2011 5:35am | Post# 1169

can this method be automated? I am sure it can. Anyone tried?

lhDT Oct 8, 2011 6:00am | Post# 1170

can this method be automated? I am sure it can. Anyone tried?
Eval and myslelf are hard working on an EA since two weeks now.
The thing is with all repainting issues with thoses indicators it's a bit hard to make that EA profitable and fully automated.

EA is able to :
- Detect current trend and ranging periods (MTF)
- Have several exit methods
- Have a complete money management module
- Have a complete trade management module (SL,TP,Break-Even, Jumping stops, trailing, ...)
- Trading hours
- All params are configurable
- and much more ... :-)

To be honnest, the EA gives negative results in backtest (ok it's only a backtest but ...) so we need to add/find some other indicators to confirm and reconfirm enters or exists.

We will probably release something next week and startup a testing team.

Viv108 Oct 8, 2011 6:33am | Post# 1171

Yes. repainting indicators will hurt backtests and even forward testing. I am sure you can add filters etc etc to make it water tight.

Either way, if you need a hand with testing, be sure to send me a message. I'll be glad to help.

ceechange Oct 8, 2011 7:19am | Post# 1172

Did you add the indicators from post #1 to you MT4 indicators folder?

Rick
Yes Rick. They were never taken out of the folder - just taken off the chart. Thanks

iqyu5an Oct 8, 2011 7:31am | Post# 1173

maybe ev should ask to stevehopwood : http://www.forexfactory.com/stevehopwood

Good EA programmer
can this method be automated? I am sure it can. Anyone tried?

iqyu5an Oct 8, 2011 7:33am | Post# 1174

Market always and always changed every second mate .....

Eval and myslelf are hard working on an EA since two weeks now.
The thing is with all repainting issues with thoses indicators it's a bit hard to make that EA profitable and fully automated.

EA is able to :
- Detect current trend and ranging periods (MTF)
- Have several exit methods
- Have a complete money management module
- Have a complete trade management module (SL,TP,Break-Even, Jumping stops, trailing, ...)
- Trading hours
- All params are configurable
- and much more ... :-)

To be honnest, the EA gives negative results in backtest...

ziggiii Oct 8, 2011 8:09am | Post# 1175

maybe it is better to make a semi-automated EA with only an ALERTER when all of the four indis give a signal...

@EVALUATOR:
how long do you trade every day?

good weekend for everyone...

valoke Oct 8, 2011 9:06am | Post# 1176

Hello. only a few examples of failed transactions. Basically only profitable trades. Share your losing trades, it helps to understand the weaknesses of this strategy and to increase profit. thanks

Mediator Oct 8, 2011 9:09am | Post# 1177

Contribution
 
Hello Symphonie - Trader,

Filtering:

I think filtering with more indicators then the 4 used here will not solve the problem of getting lesser false signals. every new filter passes also winning trades.

management:

the simplier the system the better it is. really imporrtant in trading is to manage open trades correctly. the entries in a mechanical system depents on the used indicators. the exit is what gives you the statistics over long-term if you are profitable or not.
risk-management is also very important because of overleveraging and the possibily to continue trading after a long drawdown phase.

this system has only lagging indicators. i think a stable system needs also leading indicators. i for myself use stochastic oscillators.
to overcome the extreme cycle issue it is better to use the nonlag_zigzag posted here for some time. compared they give the same signals.

another personal method i use is to work with >=2 Timeframes. if you are trading in the 5 minute chart then take confirmation in 1h or 4h chart. use the same template.
trade only in the direction of the last signal in the higher timeframe.
yes, we try picking tops and bottoms and your trades will only get positive if in the higher TF the trend changes into your biased direction.
for example EURUSD the last top was @1.3523x. and as long you trade only SHORT signals you will get more profits then if you trade LONG signals. As long as the signal in the higher TF gets valid. it is not guaranteed that every short will gain profit. in the higher TF the last High could broken again.

About exits it is the same. there are two possibilities to exit in a MTF system. you could exit the trade if in the 5min chart the extreme spike appears or you could exit the 5min trade if in the higher TF an extreme spike appears. you could extend your trade into daily or monthly chart as long as your trade direction is confirmed in every higher TF then the entry TF.. i hope you know what i mean. yes you could have many losses or BE trades but there is also the possibility that you could manage an order more then a couple of months.
imagine you hit a short trade at may 3rd 2011. there was the last top @1.48888 this year. this trade could give you about 1800 pips. and along this way down there could be more trades which survive the SL or BE. very important is to manage your order at the exact time to move SL to BE.

Another thing is where to set the SL. i believe that setting the SL at the latest swings or local highs/lows could lead to stopped out very often. because these are spots which everyone see in the chart. this is the place where the big money sits and wait.
i think what Eval use as SL setting is IMHO the right path, but.. if you use this technic the entry signals have to be high quality.
and if i see a counter signal i will go out of the trade and reverse my order or i sit out this order and use cost averaging.

have a nice weekend

Mediator

iuri76 Oct 8, 2011 10:00am | Post# 1178

loss trade?
 
ACCOUNT Statistics Report - WEEK 3

As I have done for the past Friday, I am posting my weekly Account Statistics Report on the Account that I opened when I began this thread.
Three full trading weeks ago, I started this thread and I setup a trading account with 3k the same day (19 September 2011) to strictly trade by the rules defined in this system. This was done in effort to prove this system.

I have tried to be open and honest about all the particulars of this system; posting all orders (good and bad) that I have...
I just wanted to ask if any loss is the 50 pip stop loss?

rdwatkins Oct 8, 2011 10:40am | Post# 1179

1 Attachment(s)
rcbarlow,

With the exception of the TDI, all indicators on my screen shot/chart are the latest Symphonie versions from Eval, i.e. this thread, with minor visual tweaks. Attached is the TDI I used per your request.

Any chance you could post the indicators and template for the above chart?

Thanks
TDI.mq4

rcbarlow Oct 8, 2011 11:40am | Post# 1180

Thank you.


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