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-   -   My Market Order System (https://www.forexfactory.com/showthread.php?t=465169)

bobhowson Jan 6, 2014 1:22am | Post# 1

4 Attachment(s)

Here is my system my friends all want to get their hands on.

I call it My Market Order System and it's just that.

It's been making me profits for some time and I hope it does the same for you.

This is what you need:

1) 3 Level ZZ Semafor Indicator... That's It !

THE RULES FOR UP TREND

1) Only Trade The Daily Charts

2) Ensure You Have A Nice Trend

3) ALL TRADES ARE MARKET ORDERS

4) Place Your STOP LOSS UNDER The GREEN DOT After It Closes

5) Place Your BUY STOP ORDER10 Pips Or So Above The GREEN DOT

6) Keep Moving Your Stop UP Every 50 or So Pips

7) Close The Trade When A PINK or RED DOT Appears.

That's It !



000_3_Level_ZZ_Semafor_TRO_MODIFIED_VERSION.ex4
Click to Enlarge

Name: buy semafor.png
Size: 39 KB
Click to Enlarge

Name: sell semafor.png
Size: 39 KB
semafor trading.tpl

aje6767 Jan 6, 2014 1:50am | Post# 2

Thanks Bob for sharing this. But how do you ensure a nice trending market? Do you use moving average to do that?

bobhowson Jan 6, 2014 3:06am | Post# 3

To check to see which way the market is trending...
eg: BULLISH MARKET:
Open you 4H Chart and see if it making it's way up.
Do the same on the Daily and to confirm check the Weekly Chart too.
If they are all trending upwards this would be an UP TREND....
The chart above is a UP TREND...
If it is a DOWN TREND just look for the opposite signs..

ukmartin Jan 6, 2014 4:38am | Post# 4

Hi Thanks for your system, looks interesting, but i'm a bit confused as your chart shows you using the pink dots for trading but your explanation talks about the yellow dots. Would be good if you could show some more examples

many thanks

Martin

Tiggrrr Jan 6, 2014 5:50am | Post# 5

does this repaint ?

4xplosion Jan 6, 2014 6:28am | Post# 6

does this repaint ?
On lower timeframes it normally repaints.....but I doubt it would do so on daily!

bobhowson Jan 6, 2014 6:44am | Post# 7

Hi ukmartini I do use the PINK & YELLOW markers the YELLOW or #3 are the stronger indication of the next move.
I suppose it can repaint that's why I use Market Orders. That way if it does reverse there is no loss because the trade would not have been triggered.

Another way you could use it is wait for an Engulfing candle in the opposite direction after the pink or yellow marker.
Best idea is test it on a demo account till you fine tune it to your own liking.
Cheers !

ukmartin Jan 6, 2014 6:58am | Post# 8

Hi Bob
Thanks for the clarification, I'll be giving it a go on demo

Martin

4xplosion Jan 6, 2014 7:22am | Post# 9

Mr Bobhowson, as I write this there is a pink zemafor on the Audjpy DAILY...for clarification...how would we trade this?

aje6767 Jan 6, 2014 9:59am | Post# 10

To check to see which way the market is trending... eg: BULLISH MARKET: Open you 4H Chart and see if it making it's way up. Do the same on the Daily and to confirm check the Weekly Chart too. If they are all trending upwards this would be an UP TREND.... The chart above is a UP TREND... If it is a DOWN TREND just look for the opposite signs..
Thanks

moodybot Jan 6, 2014 10:02am | Post# 11

does this repaint ?
The 3 level ZZ repaint??

Nope.

Works exactly as it was designed........ does it move on a new HH/LL... yep.

aje6767 Jan 6, 2014 10:08am | Post# 12

{quote} The 3 level ZZ repaint?? Nope. Works exactly as it was designed........ does it move on a new HH/LL... yep.


But Bob said it repaints

moodybot Jan 6, 2014 1:51pm | Post# 13

{quote} But Bob said it repaints
It moves with the market, which it's designed to do... some call it repainting.... excellent indicator, can be a bit heavy on the cpu with multiple charts.

bobhowson Jan 6, 2014 3:12pm | Post# 14

There is a couple of things I forgot to mention ...
I NEVER trade on a sideways trend...such as the AUDJPY at the moment.
Also if you download the Semafor it may show a light brown indicator, change this to BLACK, so it dows not show on your chart background.
Cheers !

wahaj Jan 6, 2014 3:31pm | Post# 15

Hey bob,

Do you trade the same system in your trade explorer?

If yes, then i must say, its very interesting!

Best Regards,
PrinceWahaj

nobita234 Jan 7, 2014 10:09pm | Post# 16

hi master bobhowson, iam happy to see you.. i like your indicator but iam not understand yet haw to OP buy or sell.. would you like to give me example haw do you trade? thanks

smikester Jan 8, 2014 6:02am | Post# 17

Hi Bob Howson. Your Trade Explorer results look impressive but looking closer your average losing trade is -16%. Is this your normal account risk? If it is then do you think it will get a margin call fairly soon?

Hyperfire Jan 8, 2014 9:48am | Post# 18

Hello guy's,

i'm bit confusing to this system, it's first time for me to using buy stop so i have to understand what have to do, any advice or link where i can get that information without bother you ?
About know nice trend Bob can you give to us and immage with example ? Or explain it well ?


Take care, best regards

bradu Jan 9, 2014 1:57pm | Post# 19

Hi Bob Howson. Your Trade Explorer results look impressive but looking closer your average losing trade is -16%. Is this your normal account risk? If it is then do you think it will get a margin call fairly soon?
impressive indeed....but i second your opinion: trading daily charts (as the thread starter said) and using such high leverage that 10 pips mean 10% of account.....there is only one way it can go.

and by the fact that TE has gone...i think it has already happend

wahaj Jan 10, 2014 5:10am | Post# 20

Guys,

I think, Bob got stopped out in his account and that is why, his trade explorer is detached, as i remember, there was -76% return and the trade were still running.

By the way, Its not a good system in my view because of largest draw-down, I would stay away from these kinds of systems, but maybe, thread starter have done some mistakes in his account and maybe you lose his account because of mistake, Just wondering and waiting for the thread starter to explain.

Best Regards,
PrinceWahaj

bobhowson Jan 10, 2014 7:44am | Post# 21

Hi Everyone,
I made the big mistake of being too greedy and using too big of an investment in my trades and could ride the losses.
I'm endeavouring to regain my losses, might take a week or so.....
But I'm still sticking with this system....
Cheers !
Bob

wahaj Jan 10, 2014 1:41pm | Post# 22

Hi Everyone, I made the big mistake of being too greedy and using too big of an investment in my trades and could ride the losses. I'm endeavouring to regain my losses, might take a week or so..... But I'm still sticking with this system.... Cheers ! Bob
Hey bob,

Please explain your system a little bit more so that i could check that what this system have done in past!

As you said, you forgot to mention a lot of things, so what about them?

Best Regards,
PrinceWahaj

bobhowson Jan 10, 2014 8:53pm | Post# 23

Hi Guys,
Just reposted a new pic which shows everything much better.
I Hope !
Cheers !
Bob
PS: PLEASE TRY ON DEMO ACCOUNT FIRST....

wahaj Jan 11, 2014 7:07am | Post# 24

Hi Guys, Just reposted a new pic which shows everything much better. I Hope ! Cheers ! Bob PS: PLEASE TRY ON DEMO ACCOUNT FIRST....
Hey Bob,

Thank you for updating the post!

Few questions, Hope you wouldn't mind to answer them.

- If immediately we exit from the trade and the dot would repainted, so would we delete our next pending order also?
- If the dot is not disappeared but not reached to the execution level in 24 hours (1 Day), so would we delete it or we will wait for the market to touch the level?

mario777 Jan 11, 2014 7:16am | Post# 25

Hi Guys, Just reposted a new pic which shows everything much better. I Hope ! Cheers ! Bob PS: PLEASE TRY ON DEMO ACCOUNT FIRST....

Thanks for sharing but on your 2nd picture as you said exit when the pink dot appear and you have marked as 270 pips profit. I think the red dot was appeared earlier than what you marked on your picture as the dot is repainting.

bobhowson Jan 11, 2014 4:29pm | Post# 26

Hi mario, the red dot ( SELL Signal ) did appear earlier that's why you MUST wait for the close of that candle before entering the SELL trade. Then you place your SELL Stop Order 10 or so pips underneath the CLOSED candle.
Cheers !

bobhowson Jan 11, 2014 4:35pm | Post# 27

Good Morning wahaj, if the trade has not executed leave your Market Order in place. Sometimes it may take a few days for the order to execute and I've NEVER known for this not to happen.
Regards,
Bob

wahaj Jan 11, 2014 4:42pm | Post# 28

Good Morning wahaj, if the trade has not executed leave your Market Order in place. Sometimes it may take a few days for the order to execute and I've NEVER known for this not to happen. Regards, Bob
If the dot is moved to lets say another bar high, so would we adjust our pending order according to the closing level of repainted signal bar?

bobhowson Jan 12, 2014 8:42pm | Post# 29

Your right on the mark there, wahaj. But I've never had that happen to me so far and I've been using this system for around 6 months now.
Cheers !

orid Jan 13, 2014 4:22am | Post# 30

1 Attachment(s)
Hi Bob thankyou for sharing your system,
A question please as per chart should I pull out of this trade now the pink circle has appeared?
Regards PeterClick to Enlarge

Name: dots.JPG
Size: 199 KB

sukky Jan 13, 2014 5:05am | Post# 31

I will Try it and give you my Feed back

bobhowson Jan 13, 2014 6:37am | Post# 32

Hi Orid,
Yes !
I would close this trade at the CLOSE of this candle.
Then place your Stop under the PINK Dot then place your BUY Order 10 pips above the top
Also download the other Semafor and template I have on this page, it is much better.
It will give you the GREEN for BUY & RED for SELL, instead of the yellow dot.
Regards,
Bob

bobhowson Jan 13, 2014 6:51am | Post# 33

2 Attachment(s)
Another way you could trade this pair Orid after you close the trade, is place a SELL STOP ORDER under the pink indicator and wait for it to come back down which it will. I don't think it will climb that much at this stage I feel it will drop much further before it continues to resume it's up trend. It will need to hit it's pivot point first, which would be the GREEN Dot.
semafor trading.tpl
000_3_Level_ZZ_Semafor_TRO_MODIFIED_VERSION.ex4

rich_man Jan 13, 2014 7:05am | Post# 34

Thanks Bob, what "time frame" do you use?and best for this indicatr

orid Jan 13, 2014 8:31am | Post# 35

Hi Orid, Yes ! I would close this trade at the CLOSE of this candle. Then place your Stop under the PINK Dot then place your BUY Order 10 pips above the top Also download the other Semafor and template I have on this page, it is much better. It will give you the GREEN for BUY & RED for SELL, instead of the yellow dot. Regards, Bob
Bob just trying to get this right .

So you dont close as soon as the new disc appears, you wait till the end of the candle which is quite a few hours away?
can the new disc dissappear in the mean time so you would leave the trade open , or can the new disc dissapear if pa reverses?
Regards Peter
ps thanks for updated semafor

orid Jan 13, 2014 8:46am | Post# 36

Hi Bob , deleted old semafor added new one colours are the same, I can alter them manually so no big deal .
just thought id mention it incase other people had same experience.
Regards Peter
edit whoops just realized colours ok with your template , exept chocolate ones are showing which i believe you change to none.

wahaj Jan 13, 2014 9:06am | Post# 37

Hey bob,

I will start visual back-testing today if time permits me.

I am currently testing EU daily chart, i hope that the results would be good.

Best Regards,
PrinceWahaj

ukmartin Jan 13, 2014 11:22am | Post# 38

Hi Bob

I like your ideas very much as I don't like scalping

What I'm looking at is using Heikin Ashi candles and taking a trade after the yellow dot and then a change in colour. I think you will only enter the trade a bit later than your method, but hopefully it might be a more solid signal. I took two trades a few hours ago, a long on Eur/Usd and a short on Usd/Chf, I'll let you know how things work out.

Martin

orid Jan 14, 2014 6:40am | Post# 39

4 Attachment(s)
some i went in late but working well today. btw Bob im keeping the yellow because im very colourblind especially with red and green hope you dont mind
Regards PeterClick to Enlarge

Name: ausem.JPG
Size: 190 KBClick to Enlarge

Name: ea sem.JPG
Size: 192 KBClick to Enlarge

Name: gbaud sem.JPG
Size: 181 KBClick to Enlarge

Name: ujsem.JPG
Size: 192 KB

wahaj Jan 14, 2014 8:00am | Post# 40

Hello Bob,

Your system is performing good in 2013 type market, because the market was too much trending on EU PAIR, but only on single pair, the draw-down is too big. You would need to trade 0.01 lot for $1000 account if you want to trade 10 pairs, or you can trade with 0.1 lot for $1000 account. That is not a final MM plan, you should change it according to your need. (Just a suggestion in the light of visual draw-down)

I would like to inform you that the results are not impressive, especially in the market like 2006. Also be informed that these are the stats of EU Pair Daily Chart.

Semafor Trading - 2006

1- 9th Jan = Trade executed and reached on SL = -118
2- 25th Jan = Trade executed and closed on dot = +159
3- 28th Feb = Trade executed and closed on dot = +148
4- 21st March = Trade executed and reached on SL = -85pips
5- 6th April = Trade executed and reached on SL = -223
6- 21st April = Trade executed and reached on SL = -136
7- 9th May = Trade executed and reached on SL = -192
8- 11th May = Trade executed and reached on SL = -105
9- 15th May = Trade executed and reached on SL = -215
10- 6th June = Trade executed and closed on dot = +236
11- 26th June = Trade executed and closed on dot = +193
12- 20th July = Trade executed and closed on dot = +149
13- 9th August = Trade executed and reached on SL = -150
14- 22nd August = Trade executed and closed on dot = +82
15- 21st September = Trade executed and reached on SL = -118
16- 12th October = Trade exeucted and reached on SL = -68
17- 16th October = Trade exeucted and closed on dot = +100
18- 13th November = Trade executed and reached on sl = -97
19- 6th December = Trade executed and closed on dot = +182

Grand Total = -258pips

Semafor Trading - 2013

1 - 11th Jan: Dot Repainted to next bar and Trade not executed.
2 - 12th Jan: Sell Trade executed and reached to SL = -76pips
3 - 25th Jan: Trade not executed and Dot repainted to 29th Jan Bar.
4 - 29th Jan: Dot Repainted to next bar and Trade not executed.
5 - 30th Jan: Dot Repainted to next bar and Trade not executed.
6 - 31th Jan: Dot Repainted to next bar and Trade not executed.
7 - 1st Feb: Sell Trade Executed - Closed on Pink dot = +202pips
8 - 26th Feb: Buy Trade executed and reached to SL = -120pips
9 - 1st Mar: Trade not executed and Dot repainted to 6th March's Bar.
10 - 6th Mar: Buy Trade Executed and reached to SL on 8th March = -125pips
11 - 8th Mar: Dot Repainted to 13th March bar and Trade not executed.
12 - 13th Mar: Dot Repainted to next bar and Trade not executed.
13 - 14th March: Placed Pending Order 10 pips above on the high.
14 - 15th March: Buy Trade Executed and reached to SL = -139pips
15 - 19th March: Trade Executed and reached to SL = -144pips
16 - 27th March: Trade Executed and reached to SL = -135pips
17 - 4th April : Trade Executed and closed on dot = +123pips
18 - 17th April: Trade Executed and closed on dot = +3pips
19 - 2nd May: Trade Exeucted and closed on dot = +161pips
20 - 19th June: Trade Executed and closed on dot = +304pips
21 - 10th July: Trade Executed and closed on dot = +103pips
22 - 8th August: Trade Executed and reached on SL = -98pips
23 - 20th August: Trade Executed and closed on dot = +91pips
24 - 9th September: Trade Executed and closed on dot = +321pips
25 - 23rd September: Trade Executed and reached on SL = -96pips
26 - 2nd October: Trade Executed and reached on SL = -92pips
27 - 4th October: Trade Executed and closed on dot = +34pips
28 - 29th October: Trade Executed and Closed on dot = +251pips
29 - 18th November: Trade Executed and closed on dot = +40pips
30 - 2nd Jan2014 : Trade Exeucted and closed on dot = +88pips

Grand Total: 696 pips

I hope that helps you and others.

Best Regards,
PrinceWahaj


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