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Know Yourself, Know Your Setup, by Boris Schlossberg 9 replies

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Attachments: First-Strike & One-Night-Stand users, show yourself and your mods, if you dare!!!
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First-Strike & One-Night-Stand users, show yourself and your mods, if you dare!!!

I am wondering about this too, it seems to be a very robust system, even nowadays as I see here: http://www.opserver.de/ubb7/ubbthrea...=454722&page=1

Does anyone have a MT4 EA for it? I couldn´t find one... It´s amazing how a system that has been working for 35 years is not discussed at all and everyone is losing instead.

Anyhow, if anyone could lay out the rules again. I for example wonder when we set the Buy Stop / Sell Stop orders. Is this being done on Friday 0:00? Or do we wait directly 5 minutes until before market closes on Friday, then see if the previous highs / lows were broken and open market orders right before the weekend?
There seems to have been a lot of discussion on FS+ but not so much on One Night Stand.

What I'm unsure of is the exact time to place trades using ONS.

Excuse me if I've missed something, but according to the ONS pdf I have it states "Buy only on Fridays" without any mention of WHEN on Friday...??
Quoting blueace
I trade Joel's First Strike Plus and I trade the original system with some alterations which have proven to work quite well for me over the past 6 months or so. Admittedly my records on this system haven't been kept as diligently as they should have. But are being recorded well now. I only trade EU, EU, GJ and UJ. I've dropped UCHF from my FS systems due to the fact that it mirrors EU so closely. So I've increased my risk across the 4 pairs vs trading 5 pairs. On both systems I actually use a TP which is a RR of 1:1.5 I know sometimes it does not...
Reading through this thread I happened to like blueace's approach and decided to give it a shot.
And I'm starting by trading only FS (may not bother with ONS due to Prop Trading weekend rules).
Of particular interest is that it allows me to fix parameters in my trade manager and breakeven EA for easy trade execution and management.
With a fixed 1:1.5 Risk to Reward, a win rate greater than 40% will result in profitability.

This week I didn't enter trades until Tuesday and have already closed out the remaining position on EURUSD for the week.
The results were:

EURUSD +28
GBPUSD +180
USDJPY +1 (BE)
GBPJPY +270

Weekly Total +479

Not too shabby!

Of course it's early days, but I look forward to next week.
Quoting TrendyTrade
{quote} Reading through this thread I happened to like blueace's approach and decided to give it a shot. And I'm starting by trading only FS (may not bother with ONS due to Prop Trading weekend rules). Of particular interest is that it allows me to fix parameters in my trade manager and breakeven EA for easy trade execution and management. With a fixed 1:1.5 Risk to Reward, a win rate greater than 40% will result in profitability. This week I didn't enter trades until Tuesday and have already closed out the remaining position on EURUSD for the week....

Ok, so I did end up adding ONS (original rules with 90pips SL).

Results for both FS & ONS are:

FS:
EURUSD +178
GBPUSD +2 (BE)
USDJPY +1 (BE)
GBPJPY -183
Weekly Total: -2
Nov Total: +477

ONS:
EURUSD +232
GBPUSD +183
USDJPY no trade
GBPJPY no trade
USDCHF no trade
Weekly Total: +415
Nov Total: +415

Nov Grand Total: +892
Quoting TrendyTrade
{quote} Ok, so I did end up adding ONS (original rules with 90pips SL). Results for both FS & ONS are: FS: EURUSD +178 GBPUSD +2 (BE) USDJPY +1 (BE) GBPJPY -183 Weekly Total: -2 Nov Total: +477 ONS: EURUSD +232 GBPUSD +183 USDJPY no trade GBPJPY no trade USDCHF no trade Weekly Total: +415 Nov Total: +415 Nov Grand Total: +892
Not a very spectacular week. All 4 pair entries triggered on FS with none on ONS:

FS:
EURUSD -124
GBPUSD +2 (BE)
USDJPY -121
GBPJPY +119
Weekly Total: -124
Nov Total: +353

ONS:
no trades

Nov Grand Total: +353
  • Post #466
  • Quote
  • Edited 12:39am Nov 28, 2022 12:26am | Edited 12:39am
Quoting TrendyTrade
{quote} Not a very spectacular week. All 4 pair entries triggered on FS with none on ONS: FS: EURUSD -124 GBPUSD +2 (BE) USDJPY -121 GBPJPY +119 Weekly Total: -124 Nov Total: +353 ONS: no trades Nov Grand Total: +353
Last week I forgot to carry forth the correct Nov Grand Total. Amended below.

FS:
EURUSD +46
GBPUSD +180
USDJPY -131
GBPJPY -21
Weekly Total: +74
Nov Total: +427

ONS:
no trades
Nov Total: +415

Nov Grand Total: +842
Quoting TrendyTrade
{quote} Last week I forgot to carry forth the correct Nov Grand Total. Amended below. FS: EURUSD +46 GBPUSD +180 USDJPY -131 GBPJPY -21 Weekly Total: +74 Nov Total: +427 ONS: no trades Nov Total: +415 Nov Grand Total: +842
It was a comedy (anguish) of errors in this first week of December.
In the anxiety of placing the ONS trades late on Friday, I placed some orders at the correct 0.01 lot size, but forgot on EU & GU and placed 1.0 lot size instead!
EU was a loser whilst GU partly compensated.

FS:
EURUSD -120
GBPUSD -120
USDJPY +177
GBPJPY +71
Weekly Total: +8
Dec Total: +8

ONS:
EURUSD -47
GBPUSD +26
USDJPY -91
GBPJPY -90
USDCHF +11
Weekly Total: -191
Dec Total: -191

Dec Grand Total: -183
Nov: +842
Quoting TrendyTrade
{quote} It was a comedy (anguish) of errors in this first week of December. In the anxiety of placing the ONS trades late on Friday, I placed some orders at the correct 0.01 lot size, but forgot on EU & GU and placed 1.0 lot size instead! EU was a loser whilst GU partly compensated. FS: EURUSD -120 GBPUSD -120 USDJPY +177 GBPJPY +71 Weekly Total: +8 Dec Total: +8 ONS: EURUSD -47 GBPUSD +26 USDJPY -91 GBPJPY -90 USDCHF +11 Weekly Total: -191 Dec Total: -191 Dec Grand Total: -183 Nov: +842
FS:
EURUSD -101
GBPUSD +2
USDJPY +180
GBPJPY -26
Weekly Total: +55
Dec Total: +63

ONS:
EURUSD no trade
GBPUSD no trade
USDJPY no trade
GBPJPY no trade
USDCHF -41
Weekly Total: -41
Dec Total: -232

Dec Grand Total: -169
Nov: +842
Quoting TrendyTrade
{quote} FS: EURUSD -101 GBPUSD +2 USDJPY +180 GBPJPY -26 Weekly Total: +55 Dec Total: +63 ONS: EURUSD no trade GBPUSD no trade USDJPY no trade GBPJPY no trade USDCHF -41 Weekly Total: -41 Dec Total: -232 Dec Grand Total: -169 Nov: +842
FS:
EURUSD +1 (BE)
GBPUSD -159
USDJPY -157
GBPJPY -93
Weekly Total: -408
Dec Total: -345

ONS:
no trades
Dec Total: -232

Dec Grand Total: -577
Nov: +842
Quoting TrendyTrade
{quote} FS: EURUSD +1 (BE) GBPUSD -159 USDJPY -157 GBPJPY -93 Weekly Total: -408 Dec Total: -345 ONS: no trades Dec Total: -232 Dec Grand Total: -577 Nov: +842
FS:
EURUSD no trade
GBPUSD +16
USDJPY +191
GBPJPY +266
Weekly Total: +473
Dec Total: +128

ONS:
no trades
Dec Total: -232

Dec Grand Total: -104
Nov: +842
Quoting TrendyTrade
{quote} FS: EURUSD no trade GBPUSD +16 USDJPY +191 GBPJPY +266 Weekly Total: +473 Dec Total: +128 ONS: no trades Dec Total: -232 Dec Grand Total: -104 Nov: +842
FS:
EURUSD no trade
GBPUSD no trade
USDJPY -122
GBPJPY -181
Weekly Total: -303
Dec Total: -175

ONS:
no trades
Dec Total: -232

2022 Total: +435
Dec: -407
Nov: +842
Quoting TrendyTrade
{quote} FS: EURUSD no trade GBPUSD no trade USDJPY -122 GBPJPY -181 Weekly Total: -303 Dec Total: -175 ONS: no trades Dec Total: -232 2022 Total: +435 Dec: -407 Nov: +842
FS:
EURUSD +54
GBPUSD +94
USDJPY +179
GBPJPY +160
Weekly Total: +487
Jan Total: +487

ONS:
EURUSD no trade
GBPUSD -92
USDJPY no trade
GBPJPY no trade
USDCHF no trade
Weekly Total: -92
Jan Total: -92

Jan Grand Total: +395
2022 Total: +435
Dec: -407
Nov: +842
Quoting TrendyTrade
{quote} FS: EURUSD +54 GBPUSD +94 USDJPY +179 GBPJPY +160 Weekly Total: +487 Jan Total: +487 ONS: EURUSD no trade GBPUSD -92 USDJPY no trade GBPJPY no trade USDCHF no trade Weekly Total: -92 Jan Total: -92 Jan Grand Total: +395 2022 Total: +435 Dec: -407 Nov: +842
FS:
EURUSD +62
GBPUSD no trade
USDJPY +60 (traded both sides)
GBPJPY +111
Weekly Total: +233
Jan Total: +953

ONS:
EURUSD -13
GBPUSD no trade
USDJPY +101
GBPJPY no trade
USDCHF no trade
Weekly Total: +88
Jan Total: -4

Jan Grand Total: +949
2022 Total: +435
Dec: -407
Nov: +842
Quoting TrendyTrade
{quote} FS: EURUSD +62 GBPUSD no trade USDJPY +60 (traded both sides) GBPJPY +111 Weekly Total: +233 Jan Total: +953 ONS: EURUSD -13 GBPUSD no trade USDJPY +101 GBPJPY no trade USDCHF no trade Weekly Total: +88 Jan Total: -4 Jan Grand Total: +949 2022 Total: +435 Dec: -407 Nov: +842
FS:
EURUSD no trade
GBPUSD -23
USDJPY +178
GBPJPY +269
Weekly Total: +424
Jan Total: +1377

ONS:
EURUSD +17
GBPUSD -22
USDJPY no trade
GBPJPY no trade
USDCHF no trade
Weekly Total: -5
Jan Total: -9

Jan Grand Total: +1368
2022 Total: +435
Dec: -407
Nov: +842
Quoting TrendyTrade
{quote} FS: EURUSD no trade GBPUSD -23 USDJPY +178 GBPJPY +269 Weekly Total: +424 Jan Total: +1377 ONS: EURUSD +17 GBPUSD -22 USDJPY no trade GBPJPY no trade USDCHF no trade Weekly Total: -5 Jan Total: -9 Jan Grand Total: +1368 2022 Total: +435 Dec: -407 Nov: +842
FS:
EURUSD no trade
GBPUSD -63
USDJPY -123
GBPJPY -92
Weekly Total: -278
Jan Total: +1099

ONS:
no trades
Jan Total: -9

Jan Grand Total: +1090
2022 Total: +435
Dec: -407
Nov: +842
  • Post #476
  • Quote
  • Last Post: Edited 5:29am Feb 8, 2023 5:19am | Edited 5:29am
Quoting TrendyTrade
{quote} FS: EURUSD no trade GBPUSD -63 USDJPY -123 GBPJPY -92 Weekly Total: -278 Jan Total: +1099 ONS: no trades Jan Total: -9 Jan Grand Total: +1090 2022 Total: +435 Dec: -407 Nov: +842
FS:
EURUSD -86
GBPUSD +89
USDJPY -19
GBPJPY +196
Weekly Total: +180
Feb Total: +180

ONS:
EURUSD -54
GBPUSD -121
USDJPY no trade
GBPJPY -91
USDCHF no trade
Weekly Total: -266
Feb Total: -266

Feb Grand Total: -86
Jan: +1090
2022 Total: +435
Dec: -407
Nov: +842
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