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Strategy to take safe pips every day

  • #141
  • Dec 6, 2007 4:41am Dec 6, 2007 4:41am
1.ema 13 and SMA 34 as basic trigger.
2.SL is when EMA 10 crosses EMA 20 (average 20pips)...also close if Tp not hitted!
3.TP is 23pips ,as i move SL to b.e. if i see +3 pips-never let winner turn into looser princip!
4. it works only with eur/jpy on 5min....the results with other pairs is negative and this make me wonder a little bit!

this was the setup ,i have tested for November and made arround 400 pips and 91% winning rate.
  • #142
  • Dec 6, 2007 6:09pm Dec 6, 2007 6:09pm
Hallo HerbertH,

Sorry but i couldnt reply you as a PM cause i dont't have enaugh posts and dont have the permission to write pms...sooo intelligent ftom the moderators!!!!

Thank you for sharing your ideas -together we are stronger.
I dont know how you manage your SL ,but you can try to set a dynamical SL....I close the position when ema10 crosses ema20....give the trade a chance till we are in a trend!...and move SL to +1 as soon as you have the chance for this....by my it is after i see +4 pips...this produce a lot of +1 trades but also a winning ratio from more than 90%.

I want to tell you something more.I also do not trust the backtester in MT4 .I had pretty good results for November using the back tester.

Since 1st of December i am performing a forward test...then i run the back tester for the same days since 1st of December and it produced the same trades as my forward test's results....so the test is not so bad ,i think!
use the every tick Model of testing...it gives you 90% model quality.

good luck dude!
  • #143
  • Dec 7, 2007 2:23am Dec 7, 2007 2:23am
Hi Masagor,

Find attached the result of my proposed widened gap for the pending order.
Instead of placing the Stop order 1=2 Pips away from Signal/Retrace bar, you increase this distance.
The number of actual triggered trades will decrease, but the quality of these trades will somewhat increase.

The attached result is Nov-2007 / USDJPY / 5Min / Gap=8 Pips / Short trades only
The S/L is applied on your idea of detection of a cross of the 2 EMA's of the previous closed bar.

Dont't trust the backtester, not even the every tick setting; It doesn't have tickdata source, only minute "tick" data. Anything could happen in real life in between these minute ticks. Backtesting is merely an indication that your coded mechanism is working. Nothing more.

Therefore I don't get my hopes up too high that foreward testing will produce the same pretty picture like below....

Cheers,
Herbert

Quoting masagor
Hallo HerbertH,

Sorry but i couldnt reply you as a PM cause i dont't have enaugh posts and dont have the permission to write pms...sooo intelligent ftom the moderators!!!!

Thank you for sharing your ideas -together we are stronger.

....
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY 5M.gif Size: 7 KB
  • #144
  • Dec 7, 2007 3:59am Dec 7, 2007 3:59am
Quoting masagor
1.ema 13 and SMA 34 as basic trigger.
2.SL is when EMA 10 crosses EMA 20 (average 20pips)...also close if Tp not hitted!
3.TP is 23pips ,as i move SL to b.e. if i see +3 pips-never let winner turn into looser princip!
4. it works only with eur/jpy on 5min....the results with other pairs is negative and this make me wonder a little bit!

this was the setup ,i have tested for November and made arround 400 pips and 91% winning rate.
Thanks for providing a "complete' strategy. I do wonder what would have happened if you let the trade alone to reach target or stop level without locking in so early. let me know the figures on that test if you have them. Anyway that is a very good result and at last we have something to work with. Thankyou for your efforts
BTC Return This Year: na
  • #145
  • Dec 7, 2007 6:05am Dec 7, 2007 6:05am
Hi guys,MAC DOUG,

i have tested your idea about letting the trade run and not locking some profit and protecting the capital.Below is the chart from the backtest.Still positive ,but the winning rate drop to 67% and profit to 150 pips...these are the results only from the long trades !

Herbearth, i have tried your suggestion for usdjpy and finally got positive results with this pair.Thanks!....But my results are not so good as yours...COuld you tell me what do you use for TP and what is you main trigger-EMA10,20 or EMA13,SMA34 ??
Please let us know how you system performs by the forward test?

Cheers!
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_1.jpg Size: 51 KB
  • #146
  • Dec 7, 2007 6:32am Dec 7, 2007 6:32am
Masagor, try backtesting this:

USDJPY - Nov/2007 - 5M - Only short trades
Trigger EMA's: 14, 20
S/L EMA's: 10, 34
PendingOrder gap: 8
TP: 100 (or NO TP, because it never reaches that profit point anyway; S/L EMA crossing will close trade prematurely)

I will update you after some forward testing. (will test EURJPY and USDJPY)
Regards
Herbert

Quoting masagor
Hi guys,MAC DOUG,

i have tested your idea about letting the trade run and not locking some profit and protecting the capital.Below is the chart from the backtest.Still positive ,but the winning rate drop to 67% and profit to 150 pips...these are the results only from the long trades !

Herbearth, i have tried your suggestion for usdjpy and finally got positive results with this pair.Thanks!....But my results are not so good as yours...COuld you tell me what do you use for TP and what is you main trigger-EMA10,20 or EMA13,SMA34 ??
Please let us know how you system performs by the forward test?

Cheers!
  • #147
  • Dec 7, 2007 10:00am Dec 7, 2007 10:00am
HerbertH ,

I ve got it!....I have downloaded the 1m historical data from alpari ,converted it for 5m and then performed back test from juli uo to now.
It seems like November and October were very lucky months and the results for the summer months are negative.

so here you can download alpari historical data for 1m and then convert it with the period converter script into 5Min ,then you could test youy strategy for a longer term of time!
http://www.alpari-idc.com/en/dc/databank.php
  • #148
  • Dec 7, 2007 10:23am Dec 7, 2007 10:23am
Nope, believe me it will raise falls hopes (or frustrations )
The higher the TF, the larger the moves, the better the backtester will work.

With his methods small moves, you will get reports that do not match with reality.
The only way is forward testing.

Cheers

Quoting masagor
HerbertH ,

I ve got it!....I have downloaded the 1m historical data from alpari ,converted it for 5m and then performed back test from juli uo to now.
It seems like November and October were very lucky months and the results for the summer months are negative.

so here you can download alpari historical data for 1m and then convert it with the period converter script into 5Min ,then you could test youy strategy for a longer term of time!
http://www.alpari-idc.com/en/dc/databank.php
  • #149
  • Dec 7, 2007 8:48pm Dec 7, 2007 8:48pm
It sound like every one is turning this into an expert and he is manualy trading and exiting at the paus in the market.

I am trying to set up a chart to manualy test on a demo. Sorry for the lack of knowledge but what are the ema10 and ema20 indicatiors.
  • #150
  • Dec 7, 2007 9:49pm Dec 7, 2007 9:49pm
Can I use it for GBP JPY ?

Thanks a lot


Quoting toto4444
Hello i want to share with u a "really work strategie"

1. u need a Chart f.e. USD JPY
2. put it on 5 Minute (its possible in different ones)
3. put a EMA 10, and an EMA 20 into your Chart

long setup

look for ema10 and 20, ema10 must be over ema20

wait for a up-candle that dont touch the ema10,

then wait for next resistance and for a down candle when the downcandle is finished than u can go long 1 or 2 pip over the high from the 2 candles before.

short setup is exactly the opposite.

set stop high or low from two candles before

i hope now the strategie is in the right forum, for strategies now---
  • #151
  • Dec 8, 2007 5:56am Dec 8, 2007 5:56am
no one will share the expert?
  • #152
  • Dec 8, 2007 7:28am Dec 8, 2007 7:28am
Doug or Toto4444, i want to ask anyone when you could have entered this trade if it were you?

http://img527.imageshack.us/img527/7...dddddaayb5.gif[/quote]
  • #153
  • Dec 9, 2007 7:14am Dec 9, 2007 7:14am
hi i wouldnt enter in this trade its too far awy from the cross over,, only a few bars away from the vross over is a "safer"entry
  • #154
  • Dec 10, 2007 2:04pm Dec 10, 2007 2:04pm
toto4444 have you tried this on 1min scale?
  • #155
  • Dec 15, 2007 8:26pm Dec 15, 2007 8:26pm
Quoting masagor
1.ema 13 and SMA 34 as basic trigger.
2.SL is when EMA 10 crosses EMA 20 (average 20pips)...also close if Tp not hitted!
3.TP is 23pips ,as i move SL to b.e. if i see +3 pips-never let winner turn into looser princip!
4. it works only with eur/jpy on 5min....the results with other pairs is negative and this make me wonder a little bit!

this was the setup ,i have tested for November and made arround 400 pips and 91% winning rate.

so the method has evolved to this ?

any update from toto4444 or anyone who has been using this method for some time ?
  • #156
  • Dec 16, 2007 4:05am Dec 16, 2007 4:05am
After promising backtests, I did some forward demo testing last week
and it was NOT looking pretty..

Toto is most likely doing something else in addition to these rules (like price action), because mechanically it doesn't seem to work out.
I have tried to contact Toto, but he must be busy trading, because he does not answer anymore.

<Sigh>... next....
Cheers

Quoting findcount
so the method has evolved to this ?

any update from toto4444 or anyone who has been using this method for some time ?
  • #157
  • Jan 22, 2008 2:46pm Jan 22, 2008 2:46pm
Thanks for sharing. I am grateful.
  • #158
  • Feb 29, 2008 5:51pm Feb 29, 2008 5:51pm
  •  febo
  • | Joined Feb 2008 | Status: keep it simple stupid | 4 Posts
hey all!

hate to put a damper on things as i'm sure toto make his pips.. but do you not wonder that the real reason for this is that toto has been - by definition of scalping - staring at his screens for a long time and that perhaps, as he aluded to earlier, that his eyes are 'trained' to see these entry points?

All I'm getting at is that if you look hard enough you will always find some recurring pattern, get succesfull and desperately want to tell everyone about it... its in the nature of over the counter trading, that it's you, alone with your computer - I stress the ALONE bit, since i'm here suffering withdrawal now the markest closed for the weekend!!

We all want to share, but it seems that throughout this thread, everyone testing this system ended up modifying it slightly, which is to say developing a feel for movements, momemtums and patterns generally, which is no bad thing

Anyway... if it's useful at all to study a system like this then it's because it gets you back testing and studying the patterns that are there if you look hard enough, but the funny thing is that they will all be moves that at the end of the day have their basis in a FIB like pattern of support, resistance and inevitable break out.

OF COURSE it works with all time frames! It's the same pattern on a faster/ slower, bigger/smaller scale depending on your TF..

Truth is, it doesn't matter whether your MA is an EMA, an SMA, a 20 10, 6 7,
all indicators will mirror patterns and movements in the market - albeit lagged - BUT it doesn't matter what your set up, if you keep to the same one and stare at it long enough, you could have Freddies Flying Pink Pigs (made up name) as your indicator, YOU WILL SEE PATTERNS THAT ARE 'MOSTLY' RIGHT.. that's why there are so many indicators! The only valuable ones are the institutional ones, because the institutions use them, which takes me back to my first point that it's all about the FIB lines - but even those don't need plotting if you can 'train' your eyes i.e. spend enough time staring!

Good luck and all that, but remember, toto claims to have been trading for 9 years and that's probably why he's doing well.

Trading is an individual and slightly lonely thing to do and your strategies are your own... the bottom line never lies, so trust your own style if it worls for you

dont forget, it's all just a load of squiggly lines, but they are YOUR squiggly lines, so make friends with them... don't be fooled into replacing them with 'better' ones, just get used to the idea of letting them go altogether one day so it's just you and the candles - The market speaks! Really!

LOL thanks for listening.. this forex business is a crazy one - STICK AT IT like anything else you want to do, and it will work

Love you all!
,m,m,m
  • #159
  • Feb 29, 2008 7:34pm Feb 29, 2008 7:34pm
Couple of things...

Whoever posted the Wide Image, Please modify it!

Fibs will Always Intersect Price. {Some Fibs, Some Price} This is not to say Fibs are not worthy.

When you enlist in the FX Army with no experience, the Mantra will be...
"Fix It & THEN check if it was Broke."
By the time you become a Seargent, the Market will let you correct your misdemeanors. {IF you are still active}

T'aint gonna change
  • #160
  • Mar 11, 2008 3:23am Mar 11, 2008 3:23am
I love this system. simple and safe and easy to understand and can make money.
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