Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Swing trading with Andrew's pitchforks and volume analysis journal 1,686 replies

Forex Trading: Incorporating Price Behavior into a Forex Trading System 4 replies

andrew pitchfork 9 replies

What has happened to Andrew Quiggly? 0 replies

Attachments: Andrew Forex Trading System
Exit Attachments

Andrew Forex Trading System

Andrew which time frame have you found to work best.on your videos i see you work on the 4hr i guess the higher the timeframe the better the signals,as i see some of the members working your system on the 15min timeframe.
How long have you been using your system to trade live Andrew?
Regards
Nice method and explanation Andrew..I was recieving a few of your free signals a while back and they were pretty good, wondered if you were using this system your displaying now.... I have tried the system itself on normal price charts and gave it a shot on a Renko chart. Things seem to be much more clear since it greatly reduces the "noise" of fluctuating price and leave pure price action. I would to know what the opinion of the guys in here would be about such an application. If you dont know about Renko charts, just search it on this site and thers all the info you need.
Quoting qprfc
Andrew which time frame have you found to work best.on your videos i see you work on the 4hr i guess the higher the timeframe the better the signals,as i see some of the members working your system on the 15min timeframe.
How long have you been using your system to trade live Andrew?
Regards
Actually, there is no difference what the timeframe is used. The system can be used on any timeframe. But if to trade on the timeframes less than one hour one should observe the market literally around the clock, that is 24 hours a day to catch good trends. And it's a bit inconveniently.
One year.
Best regards, Andrew Forex
Quoting Salty
Nice method and explanation Andrew..I was recieving a few of your free signals a while back and they were pretty good, wondered if you were using this system your displaying now.... I have tried the system itself on normal price charts and gave it a shot on a Renko chart. Things seem to be much more clear since it greatly reduces the "noise" of fluctuating price and leave pure price action. I would to know what the opinion of the guys in here would be about such an application. If you dont know about Renko charts, just search it on this site and...
Thanks. Though I prefer japanese candlesticks in the price analysis, but anyway it's the interesting information.
Best regards, Andrew Forex
hi Andrew and everybody, really like this system at all!!! i'm actually trading it on a 15min time frame and of course sometimes it's a little boring like this morning (writing from italy gmt+1) but sometimes it's really amusing! that's why i'm thinking about making an ea modifying a couple of stuff that work better for me...(swingman indy, auto s&r and fibonacci pivot)
anyway what i do is: look for 15min entry, if none i switch to 1hr and the to 4hr, in this way you multiply your probability to find an entry!
on 15 min i apply the following mm:
on 10 pip profit (10 on 4 digit, 100 on 5) stop loss at breakeven + spread, at 13 stop loss at +10 pip (so i lock my ideal 10 pip profit), then i move the stop loss every 10 pip.
so: at 13pip sl is 10, at 200 is 150 and so on.
But what i run for are my wonderful 10pip per trade applying the formula:
lot size= account balance/25000
in this way, i'm averaging from 1 to 3% daily....trading mostly the london session (in a couple of months trading forex will be my only job....no more stock market analysis!!)
i round the weekly income trading (when appear) some 4hr entries: i run for 25-30 pips then i lock in and use a trailing stop.
Of course i close my trades earlier than yours but using other indicators i can screen the best opportunities (for me) and leave the less floating/dd amount as i can in order to trade other system!

good pips to everyone!

ps: i'm really waiting for swingman indicators v3 because in v2 i do have some problems of repainting.... do you know how to set them in order to read not the present candle but the previous one?(the same logic we follow when we manually trade it?)
thanks!!
  • Post #166
  • Quote
  • Edited at 3:51pm Jan 26, 2010 3:34pm | Edited at 3:51pm
Hi Andrew and others ,
Please check my charts and comment if something is wrong with my setups
thanks in advance

i opened all interested me pairs and put ur tpl on it , and wait for good entry point
i will test in on demo for some time right now
Attached Image (click to enlarge)
Click to Enlarge Name: custom1.GIF Size: 63 KB
I realize i'm a little late to this party, so you can castigate me if these are dumb questions.

I am wondering if the Supertrend indicator is the same as the Ninja trader TSSupertend indicator.

Since I only program in trade station for backtesting purposes, I am wondering if you could furnish me with the basic algorithm or formula for the Supertrtend and the nonlagdot indicators.

I find manual back testing too tedious so i'd like to program the stuff and give it a go with some of my own ideas which i can share with you guys.

I was alerted to TSSupertrend on ninja by a friend of mine. But he doesn't know the algorithm for that either.

He has been simming for a short time with good results.

Thanks for your help,

dbl
Quoting The flame
hi Andrew and everybody, really like this system at all!!! i'm actually trading it on a 15min time frame and of course sometimes it's a little boring like this morning (writing from italy gmt+1) but sometimes it's really amusing! that's why i'm thinking about making an ea modifying a couple of stuff that work better for me...(swingman indy, auto s&r and fibonacci pivot)
anyway what i do is: look for 15min entry, if none i switch to 1hr and the to 4hr, in this way you multiply your probability to find an entry!
on 15 min i apply the following mm:
on...
Hi, The flame! Quite an interesting approach to trading rules as well as to money management.
As for me, it would be also interesting to get an Expert advisor but with the manual confirmation to enter (to exit) the market or just to open the each trade according to the system rules.
Best regards, Andrew Forex
Quoting oleevier
Hi Andrew and others ,
Please check my charts and comment if something is wrong with my setups
thanks in advance

i opened all interested me pairs and put ur tpl on it , and wait for good entry point
i will test in on demo for some time right now
Hi, oleevier! The orders seem to be placed correctly in your charts. But, at the same time, you should take into consideration the price has already gone quite a long way in the trend till the present moment. So, in such a situation in the market, you should trade carefully and strictly follow the money management rules because of the probable general retracement.
Best regards, Andrew Forex
Andrew,

Thanks for a great thread. I have been experimenting with the Nonlagdot indicator over the last few weeks so your thread is very timely for me.
I was wondering if you or anyone else had a Nonlagdot indicator that had an email function. I would like to get an email sent out during the last minute of the candle so we do not get 100 emails sent out as the candle is forming. Similar to the ASHFX signal indicator that Swingman made.

Thanks in advance and I look forward to the growth of this thread.
Pips are like cabbage, the green ones are the tastiest!
Dear friends! I am glad to represent you an aggressive version of my trading system Andrew Forex. So…

My trading system ″Andrew Forex″ (an aggressive version)


Aggressive trading can be much more risky as well as more profitable. It is strongly recommended to master in practice a classical version
of my trading system ″Andrew Forex″ before

(For those who are spoiling for a fight!)



Currency pair: any, but better cross-pairs that give good trends
Time frame: any, but usually 4-hour
Indicator: Supertrend

Entry rules


Buy:
a) when a Supertrend line is green. A position should be opened by the execution of a pending order. The order is placed on the upper point of the first candle (bar) which is closed above the Supertrend line.
b) when a Supertrend line is red*. A position should be opened by the execution of a pending order. The closing price should be going above the Supertend line. The order is placed on the upper point of the market extremum, which is formed after the first rebounce of the market downward (when the closing price is lower than the previous one). That is one should wait untill the price exceeds the point of upper extremum, and only then buy. However, if the price fails to exceed the level of extremum, one should wait. After the formation of a new point of the market extremum, the order should be moved to that point.
*Annotation. If the color of the Supertrend line is changed from red to green until the actual entry into the market, the order should be placed on the upper point of the first candle (bar) which is closed after such a change of the Supertrend line color from red to green.

Sell:
a) when a Supertrend line is red. A position should be opened by the execution of a pending order. The order is placed under the lower point of the first candle (bar) which is closed under the Supertrend line.
b) when a Supertrend line is green*. A position should be opened by the execution of a pending order. The closing price should be going under the Supertend line. The order is placed under the lower point of the market extremum, which is formed after the first rebounce of the market upward (when the closing price is higher than the previous one). That is one should wait until the price exceeds the point of the extremum, and only then sell. However, if the price fails to exceed the level of the extremum, one should wait. After the formation of a new point of the market extremum, the order should be moved to that point.
*Annotation. If the color of the Supertrend line is changed from green to red until the actual entry into the market, the order should be placed on the lower point of the first candle (bar) which is closed after such a change of the Supertrend line color to red.

Market entries without placing pending orders are not recommended.
Pending orders for market entries are placed with the regard of the amount of the spread and additional 3-5 pips.
Pending orders can be cancelled after the change of the color of the Supertrend line or after placing the pending order in the opposite direction.

Exit rules


I exit when:
1. The price touches the Supertrend line, or
2. The Supertrend line changes its color, or
2. The price touches the first line of the Fibonacci fan. The Fibonacci fan is constructed from the point of the market extremum at the beginning of its movement and up (or down) to the opposite extreme point of the current market, that is, from the bottom to the top of the movement (when buying) and from the top of the movement to the bottom (when selling). It is important not to confuse: the Fibonacci fan is constructed not from the market entry point, but from the point of the beginning of directional movement or trend (up or down). Fibonacci fan line, which is closest to the price, serves as the exit level. And the exit order should be moved on this line.

Stop-loss is set:
1. Under (above) the extreme point of the signal candle (bar), or
2. Under (above) the nearest extremum of the market, which exceeds the Supertrend line in the opposite direction, or
3. On a Supertrend line, or
4. Below the nearest price swing.

A stop-loss order is placed with the regard of the amount of the spread and additional 3 pips.

The following money management is recommended: either not more than 10% of the capital per trade with the regard of the assets diversification (not more than 1% for one currency pair per one trade), or a progressive system (e.g. Fibonacci or semi-martingale). Martingale is not recommended because it is far too risky in case of the lack of capital after several consecutive losing trades.

Adding is possible solely to profitable positions after the each rebounce in the direction of the current trend.
Attached Images (click to enlarge)
Click to Enlarge Name: Andrew_Forex_EURJPY_aggressive.png Size: 61 KB Click to Enlarge Name: Andrew_Forex_CAD_aggressive.png Size: 67 KB
Best regards, Andrew Forex
The supertrend repaints.
I used 4 hr chart. The first white dot that showed above the green line; that candle closed. Then I placed a pre order at the highest high of that candle.
My trade was enetered, But the 4 hr candled immediately went back down and the supertrend line that was green before had turned red for about 5 candles back.
It would have been a good system if no repaint
It doesn't reprint, you should have a wrong supertrend indicator, for me is working more than perfect!
  • Post #174
  • Quote
  • Edited at 2:01pm Jan 28, 2010 1:28pm | Edited at 2:01pm
As I have informed in the previous posts neither Nonlagdot indicator, nor Supertrend indicator repaint except for the current candle as well as all others indicators (i.e. Stochastic, RSI or Moving average). That is if the current candle does not its forming, the indicator could change its color. But when the current candle is closed, so, the indicator fixes the price movement correctly.
I strongly advise to use the indicators I have posted in the beginning of this thread.
Best regards, Andrew Forex
Quoting wyczes
great job Andrew that very interesting thread, and i waiting for your youtube video entries
Good look and many pips
correct
We all are waiting for more usefull stuff about new style

I sticked to ur method for some time and im testing it.Looks good so far.

Andrew thx for comments about my charts.


btw. (in polish) Wyczes : Pozdrowienia dla Polaków i to twój pierwszy post
this is a request for swingman..
could you please provide us with signals and a dashboard for this nice trading
system??
It did repaint for me. I know the trade I took. But i will un-install and re-install and also use swingmans indicator.
I love this system if it works this time for me.

Thanks Andrew
  • Post #178
  • Quote
  • Edited at 8:09pm Jan 31, 2010 7:58pm | Edited at 8:09pm
My current trading review on the following pairs: AUDCAD, AUD, AUDJPY, NZD, CAD, CHF, CHFJPY (Fabruary 1, 2010)
Attached Images (click to enlarge)
Click to Enlarge Name: AIDCAD_Fabruary 01-2010.png Size: 67 KB Click to Enlarge Name: AUD_Fabruary 01-2010.png Size: 55 KB Click to Enlarge Name: AUDJPY_Fabruary 01-2010.png Size: 56 KB Click to Enlarge Name: NZD_Fabruary 01-2010.png Size: 54 KB
Click to Enlarge Name: CAD_Fabruary 01-2010.png Size: 53 KB Click to Enlarge Name: CHF_Fabruary 01-2010.png Size: 55 KB Click to Enlarge Name: CHFJPY_Fabruary 01-2010.png Size: 54 KB
Best regards, Andrew Forex
  • Post #179
  • Quote
  • Edited Feb 11, 2010 9:27pm Jan 31, 2010 8:07pm | Edited Feb 11, 2010 9:27pm
My current trading review on the following pairs: EUR, EURAUD, EURGBP, EURJPY, EURCAD, JPY (Fabruary 1, 2010)
Attached Images (click to enlarge)
Click to Enlarge Name: EUR_Fabruary 01-2010.png Size: 52 KB Click to Enlarge Name: EURAUD_Fabruary 01-2010.png Size: 63 KB Click to Enlarge Name: EURGBP_Fabruary 01-2010.png Size: 56 KB Click to Enlarge Name: EURJPY_Fabruary 01-2010.png Size: 55 KB
Click to Enlarge Name: JPY_Fabruary 01-2010.png Size: 60 KB
Best regards, Andrew Forex
My current trading review on the following pairs: GBP, GBPJPY, GBPCHF (Fabruary 1, 2010)
Attached Images (click to enlarge)
Click to Enlarge Name: GBP_Fabruary 01-2010.png Size: 58 KB Click to Enlarge Name: GBPJPY_Fabruary 01-2010.png Size: 61 KB Click to Enlarge Name: GBPCHF_Fabruary 01-2010.png Size: 68 KB
Best regards, Andrew Forex
0 traders viewing now