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System Test: Invictus V Fratelli 541 replies

Trading the Invictus method 4 replies

Attachments: Invictus
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Invictus

Hi Dean - Thanks for the note about the opening price. I'd not given that enough weight and when I look at the trades again, they are really close, especially the AUDUSD. Do you use a specific criteria for judging whether price is too close the open, or is it just done by eye and general feel for things?

Good to see you following and contributing to this thread, by the way. I learnt a lot from your supply and demand thread and posts.

PB

Quoting deankenny21
the 3rd trade you took on usdcad was my fourth trade today, and i also lost on that one too, nothing wrong on that one, i got 3 winners and 1 loser today, but becasue of the RR i am down overall but i wait patiently dont take it to heart and move on

as for the first 2, i saw them aswell and didnt enter simply because that big yellow line is where price opened for the day, i dont take trades around this area at all, hope this helps.
Quoting deankenny21
umm the first candle on the euro did not break so no trade
i didnt trade any of those on eur as no candles were broke

The thrid candle after the signal bar did reach the high of the signal bar so triggered a trade...
Thanks Udine - Yes, fairly stupid day to start demoing and judging this!!!

PB

Quoting Udine
PB, start to put the INVICTUS EA on the charts, they will help you to protect their capital.

I only trade EU & GU adn I think I knwo these like the back of my hand..
be careful with the daily open line, as it is often resistance

Besides today is a dangerous day for trading..

Just check the charts of the last few weeks, you will see that "normal trading days" the results are just great.

Be patient, check how it goes next week

Udine
Quoting calstock
The thrid candle after the signal bar did reach the high of the signal bar so triggered a trade...
wrong wrong wrong!!! please go back and read the rules! then read them again, and stick it up behind your trading monitor

we take trade on the BREAK!!!! of the candle not the high.

So again, no trade
Quoting kolesar007
I get some interesting info that I dont know.
I suggest that you add some more guidance and information so that people are not gonna ask you the same questions all the time.
Kolesar007,

I understand where you come from, but ......

I believe that if you want to succeed in forex , you need to act like a professional, read, study, learn and analyze everything yourself and not blindly accept what I (or anybody else for that matter) writes.

A doctor did not become one without study, neither did any professional fulltime fx trader. So why do so many people think that within one day they will hit the jackpot ??

A lot of people keep looking for the holy grail, but the only holy grail in forex is the person you see in the mirror !!

If the same questions keep coming up, it shows that these persons have not read the thread, have not studied, have not learned, have not analyzed anything and want to be spoonfed....

Sorry but not by me

I know you have studied the material, I expect other people to do the same, if not I might be on the other side of their trade taking their money...

forex is NOT a hobby its pure and hard business

I always do my homework in the weekend.

Analyze each and every trade, check my tradelog & journal, check what i did right, but more what did I do wrong and try not to make the same mistake again next week. Analyze the probabilities of which hours of the day are more successfull etc. etc.

This is the way a professional works, this is the only way that will make me a better trader.

If I spoonfeed people, they will NOT get better traders...

simple questions:
- who did print the first 5 pages?
- who has a tradelog/journal?
- who printed "The traders Hill"?
- who has made a trade checklist?
- who printed a perfect long set up and short set up and keeps that next to the pc ??
- who analyzed yesterdays trades before trading this morning?
- who has a notebook and writes down all timps mentioned?

I could continue.....but I will not

sorry for rambling

Udine
Sleep less, live fast, as it aint gonna last
UDINE, I wonder just what is the meaning of green and red indications that appear on the top or bottom of the candles? Would not it be easier to follow them, than look at the three time frames together? Finally I wonder if after putting the system to run this information in red and green candles repaint? Or since they appear they do not disappear?
I thank
Quoting pixelboy
Damn! Three trades and three losers this morning. Did I mess up the rules, or did I just pick a bad day to start demoing this system?
PB
Today is realy not good time to trade. Holidays, friday, price is ranging..better to go out on the air .
If price wil brake that ranging levels that would be time to get in.
Quoting calstock
The thrid candle after the signal bar did reach the high of the signal bar so triggered a trade...
calstock,

FYI:

if the high is for example: 1.36507 you enter a long on 1.36508 not on 1.36507

Udine
Sleep less, live fast, as it aint gonna last
Quoting Iuri Muller
UDINE, I wonder just what is the meaning of green and red indications that appear on the top or bottom of the candles? Would not it be easier to follow them, than look at the three time frames together? Finally I wonder if after putting the system to run this information in red and green candles repaint? Or since they appear they do not disappear?
I thank
Chart please

Udine
Sleep less, live fast, as it aint gonna last
Quoting Udine
calstock,

FYI:

if the high is for example: 1.36507 you enter a long on 1.36508 not on 1.36507

Udine
Yes....of course you would not place a buy stop at the same figure, however the point I was trying to make for the new people is that ...given the amount of signals that is generated you need to make sure you allow a buffer of spread plus to the signal candle..
I wont post again...
Quoting calstock
Yes....of course you would not place a buy stop at the same figure, however the point I was trying to make for the new people is that ...given the amount of signals that is generated you need to make sure you allow a buffer of spread plus to the signal candle..
I wont post again...

Calstock,

post as much as you want

I just posted the example to clarify, it was not meant to scare you off

Udine
Sleep less, live fast, as it aint gonna last
Ahh, now I got the Invictus EA working. ( i dont use 5 digit )

corks poping works

So in reality we don't really use a 20 pip SL.
Lets say it breaks out +7 pips in favor for us, but from there retraces -15 pips down. Then 25 up.

With the trailing stop we would be out with just 2 pip profit. Without it (and just the 20 pip SL), we would have all the 25 pips. (or +10 with 10 TP).


Udine, I'm just curious, do you always use the EA?
Did you test it and find out that 5pip trail works best? And does not minimize the profit chance? It's optimal?
Quoting Udine
Kolesar007,

I understand where you come from, but ......
...
sorry for rambling

Udine
You mean came from D thread
I know all this things but other people don't and then have same questions all the time .
Quoting calstock
Yes....of course you would not place a buy stop at the same figure, however the point I was trying to make for the new people is that ...given the amount of signals that is generated you need to make sure you allow a buffer of spread plus to the signal candle..
I wont post again...
No, you said the indi arrows is posting alot of false trades

"FALSE SIGNALS" was your term you used.

You also said

"IT REACHED THE HIGH SO TRADE WAS TRIGGERED"

you never said in the post anywhere about helping others with a buffer of pips.
Quoting kolesar007
You mean came from D thread
I know all this things but other people don't and then have same questions all the time .

I know you know....but who doesn't needs to work for it, like so many things if you give away for free, it is not apreciated, as people dont recognize the value given for free.

there are many traders here on ff.com who give their experience and information for free, but then it is up to the individual trader to something with it

Udine
Sleep less, live fast, as it aint gonna last
Quoting iwontsmoke
i have visual tested the system from september 11 till today.

i followed the following:
-only 1 pair eur/usd 15 min
- traded only at london (GMT 6-15, and with DST 7-16)
- did not used any pivot lines
- didnt checked the news so if a trade was there i assumed i took it.
- change stop to break even at +7 (9,5 pips move with the spread. assumed fixed 2.5 spread)
-break out was +1 pips above the signal bar
- 10 TP 20 stop


here is the results...

total 480 pips profit. largest draw down was 56 pips. so average daily profit is 10 pips..

profit...
just curious as how u visually tested the ATR ?
Hey Dean - you mentioned a few pages back (I can't find the post now this thread has exploded!) that you use a broker which is synced with the time that 80% of traders use. What time is that relative to GMT? I'm on NY time (OANDA) which I assumed would be the most common.

Thanks

PB
Udine, the question is .. candles come in to the green indications below the purchase canlde to buy up the candle and a red indicator to sell, why not just follow these instructions? These red dots and green repaint?
I thank
Quoting hanover
Hi Eric,

Guilty as charged; my latest pleasure is Appleton 21 year old rum (somewhat harder to find than it is to drink ).

Well, this little gig is only 2 days old; if the thread is still going strong in 3 months, then I guess the method will be that much closer to proving itself against the mandatory test of time.

The only profitable scalping methods I've seen thus far (apart from news trading) involve extensive use of S/R, but I still have a very open mind. Taking 10 pip profits is a laborious way to trade, especially as the spread tends...
Using 10 pip TP and 20 pip SL in MT4 does not cost you the spread but means price has to move farther for TP and less for SL, but my broker charges commission with very low spreads so I pay that or have to adjust price.

Yes, ALMOST 100% mechanical because I tried to code an EA when Udine first contacted me but I had not tried it manually, which points out the challenges in any system, so maybe I will be able to code a successful EA in the future (with Udine's approval).
Quoting pixelboy
Hey Dean - you mentioned a few pages back (I can't find the post now this thread has exploded!) that you use a broker which is synced with the time that 80% of traders use. What time is that relative to GMT? I'm on NY time (OANDA) which I assumed would be the most common.

Thanks

PB
FXpro is who i use, i got this info from James16 thread as they traded daily so the close was very important.
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