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The "V" trading system

  • #381
  • Jun 27, 2017 12:39pm Jun 27, 2017 12:39pm
None of what I say or ask are trick questions btw guys.

But they are intended to get you guys thinking and to say or ask the right questions.

Otherwise, there is a danger that in 6 months time, everyone will still be posting the same ol same ol....ie nothing learnt other than what is already known ....a 2 up 2 down
  • #382
  • Jun 27, 2017 1:27pm Jun 27, 2017 1:27pm
Quoting sam68
{quote} Hi chappy , it seems we are getting ready for a down slide.. zoom down to H4 , a clear sell signal as well {image}
Perhaps now...??
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  • #383
  • Jun 27, 2017 1:51pm Jun 27, 2017 1:51pm
Quoting sam68
{quote} Thank you shatz for your nice contribution , definitely can add to our arsenal of non repainting visual aids
Hi Sam,

Indi with range as requested...

Let me know if it is ok.

Best regards
Attached File(s)
File Type: ex4 VTrading.ex4   9 KB | 874 downloads
  • #384
  • Jun 27, 2017 2:37pm Jun 27, 2017 2:37pm
Quoting chappy
{quote} Perhaps now...?? {image}
great start for a down trend , look at weekly now for long term exit targets ?

just some suggestions if you wish , or sometimes I use pivots also
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What goes up will come down...
  • #385
  • Jun 27, 2017 2:50pm Jun 27, 2017 2:50pm
Quoting shatz
{quote} Hi Sam, Indi with range as requested... Let me know if it is ok. Best regards {file}
Very good filter for back testing , thanks again.

See last signal of EURUSD , did any one catch this ?
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What goes up will come down...
  • #386
  • Jun 27, 2017 3:38pm Jun 27, 2017 3:38pm
Quoting birdland
+64 with UJ {image}
Hi Birdland pls can you share that indi with lines.Rgds
  • #387
  • Jun 28, 2017 12:17am Jun 28, 2017 12:17am
Quoting Slingshots1
{quote} Hi Birdland pls can you share that indi with lines.Rgds
do u mean this?
Attached File(s)
File Type: mq4 SweetSpotsGOLD_TRO_MODIFIED_VERSION v2.mq4   6 KB | 509 downloads
File Type: ex4 SweetSpotsGOLD_TRO_MODIFIED_VERSION.ex4   14 KB | 462 downloads
trading is like dancing, don't think and just listen to the music!
  • #388
  • Edited 12:50am Jun 28, 2017 12:20am | Edited 12:50am
Quoting Landline
{quote} Thanks for honestly replying Sam, your comments are correct in all that you said Those that have posted set ups have demonstrated their capability of finding an entry, so well done. Before I say more, there is 1 common denominator illustrated by everyone on their charts and their results. It is quite obvious to me, and again, rather than spell it out, I wonder whether it is obvious to yourself and the other viewers.....any comments are welcome
you mean the trend?
trading is like dancing, don't think and just listen to the music!
  • #389
  • Jun 28, 2017 1:08am Jun 28, 2017 1:08am
still short GC, and long this morning AU and NU
trading is like dancing, don't think and just listen to the music!
  • #390
  • Jun 28, 2017 3:13am Jun 28, 2017 3:13am
Quoting birdland
{quote} you mean the trend?
Yes, broadly speaking the trend or the continuation of the entry conditions is the correct answer.

So, what does this mean. Well, it means that the 2 up 2 down etc entry criteria is very easy to spot, and there have been countless posts so far that prove that.

Tbh, the entry is actually the easiest aspect of most systems imo.

What sets aside the hobby trader from the trader who wants to make a living from trading is what happens after the trade has been executed, and all charts posted thus far illustrate that common denominator flaw. When we have an entry as per the standard rules, (which after 20 pages, I am sure everyone is familiar with by now), there must also be a plan, that takes into account of how can the trade entry signal be thereafter maximised and managed.

I posted some examples previously, and converted in one case a 150 pip trade into an 850 pip trade, which had minimal risk once profits had been locked in.

As I've said, there is a danger that 6 months down the line, everyone is till going on about the easy part, but it isn't that part that needs focussing on, it is of course how and when we can add on, and how we manage the trades.

So far, there has been a lot of attention in developing indicators to detect the east part ie entry. Those coders might like to turn their hand to developing a tool that takes the generated entry signal and plots a horizontal line x ADR away from it for example, which can then act as the initial add on entry criteria, and I think that would be useful to automatically give notice when to take action.

Lastly, for now, if you look at the numbers, you will know that there are about 250 trading days per annum. If you do the ball park sums, you can conclude that each pair will have about 7 or 8 "runners" per annum, and each runner will roughly last 6-8 daily candles. This, to my mind reinforces the absolute need to capitalise when possible because there aren't as many good opportunities as you might think.

Long winded reply, but covers a few things in one go
  • #391
  • Jun 28, 2017 3:32am Jun 28, 2017 3:32am
Quoting Landline
{quote} ...developing a tool that takes the generated entry signal and plots a horizontal line x ADR away from it for example, which can then act as the initial add on entry criteria, and I think that would be useful to automatically give notice when to take action...
very wise words, thx!

what do you mean with the above words i highlighted?
do i understand you clear that you prefer to make several add-ons in an existing, good running trend? similar for example like dreamliner suggest?
https://www.forexfactory.com/showthr...60#post8722360
trading is like dancing, don't think and just listen to the music!
  • #392
  • Jun 28, 2017 3:41am Jun 28, 2017 3:41am
Quoting birdland
{quote} very wise words, thx! what do you mean with the above words i highlighted? do i understand you clear that you prefer to make several add-ons in an existing, good running trend? similar for example like dreamliner suggest? https://www.forexfactory.com/showthr...60#post8722360
The simple answer is...absolutely.

Not all trade entries thereafter will have satisfactory add on conditions...ie enough equity already generated to allow sufficient scope, and that is where, as a suggestion, the indicator would be a useful tool in that respect.
  • #393
  • Jun 28, 2017 4:07am Jun 28, 2017 4:07am
Quoting abokwaik
This V5 with custom reward to risk ratio , trailing stop and max number of open trades. {file}
Hi, can you make some tweak of this EA?

1. the logic of lot size should be money management using risk percent instead of how many lot (because the stop loss is vary using the swing low or swing high of the signal)
2. the trail stop also need to work from RR (risk reward ratio), example: target profit is 1:2 RR, move the stop loss after the price reach profit of 1R (example: initial stoploss is 50 pips, then the trail stop is activated once the price is on +50 pips, then move SL to BE). This feature also can be modify if another user want the stop loss move to +1R instead of BE when the price is reaching +2R

I think this is the most relevant method and will improve this EA to trade like a pro
  • #394
  • Jun 28, 2017 4:55am Jun 28, 2017 4:55am
Quoting Landline
{quote} Yes, broadly speaking the trend or the continuation of the entry conditions is the correct answer. So, what does this mean. Well, it means that the 2 up 2 down etc entry criteria is very easy to spot, and there have been countless posts so far that prove that. Tbh, the entry is actually the easiest aspect of most systems imo. What sets aside the hobby trader from the trader who wants to make a living from trading is what happens after the trade has been executed, and all charts posted thus far illustrate that common denominator flaw. When...
Thanks landline ,

Lets all put our thinking hats on and discuss 2 key points based on every one past experience.

1- How to stay as long as possible in the trend & when to exit ?
2- Best add on technique to build on equity

I think pipEASY covered it here , please read it , it's an eye opener

https://www.forexfactory.com/showthread.php?t=245149
What goes up will come down...
  • #395
  • Jun 28, 2017 5:49am Jun 28, 2017 5:49am
Quoting sam68
{quote} Thanks landline , Lets all put our thinking hats on and discuss 2 key points based on every one past experience. 1- How to stay as long as possible in the trend & when to exit ? 2- Best add on technique to build on equity I think pipEASY covered it here , please read it , it's an eye opener https://www.forexfactory.com/showthread.php?t=245149
All the risk, so far as my style is concerned is present the moment I enter the initial trade. Offsetting the initial risk as the trade progresses will be different for each trader, and I usually deal with that by having 3 orders in the first place which provides the kind of flexibility to take profit at particular levels, whilst maintaining the last level for maturity. This to me is normal management of trading and I am fully aware of my risk at that initial stage.

This covers everything for me, and leaves me with just one thing to consider.... when to add on.

I personally add on at 1.5 x ADR of my initial entry level, (hence my suggestion of the indicator I mentioned, at present I simply construct a rectangle which sits quietly on my initial entry) and this allows complete freedom of risk, because it is offset already by 2 profits already taken from the initial set of 3 trades and the 3rd existing position.

So, a modified tool as described would remove any construction required (not that that's a big deal tbh), and I'd guess could be also used as a stop and t/p indicator also if other instances of such indicator with different ADR's were placed on the chart.

I'm just kicking a few thoughts around for others to think about that's all

Food for thought
  • #396
  • Jun 28, 2017 8:32am Jun 28, 2017 8:32am
Quoting Landline
{quote} All the risk, so far as my style is concerned is present the moment I enter the initial trade. Offsetting the initial risk as the trade progresses will be different for each trader, and I usually deal with that by having 3 orders in the first place which provides the kind of flexibility to take profit at particular levels, whilst maintaining the last level for maturity. This to me is normal management of trading and I am fully aware of my risk at that initial stage. This covers everything for me, and leaves me with just one thing to consider.......
i am a bit confused, but you tell me if i think wrong thinking:
on one side you have 3 TP in place...so your initial position is getting smaller each time the TP1,TP2 and TP3 are hit.
on the other side you want to add a good running trade and will tank risk again. because every add-ons are new initial positions with new initial risk.
these two tactics contradicts.
trading is like dancing, don't think and just listen to the music!
  • #397
  • Edited 10:04am Jun 28, 2017 9:34am | Edited 10:04am
Quoting birdland
{quote} i am a bit confused, but you tell me if i think wrong thinking: on one side you have 3 TP in place...so your initial position is getting smaller each time the TP1,TP2 and TP3 are hit. on the other side you want to add a good running trade and will tank risk again. because every add-ons are new initial positions with new initial risk. these two tactics contradicts.
I've spoken about a few things in recent posts and all of it needs to be carefully borne in mind, because the sequence of the points made are necessary to understand what is happening in reality.

Simplifying, I can say that 75%-80% roughly of all valid entry signals according to the standard V rules will not be runners.

Therefore, it is paramount we fully capitalise when a runner does occur.

My usual entries allow profits to be made whether it's a runner or not, but the most important part is being prepared for that runner, because no one can know when it will strike.

It might pay to carefully re-read some of those points recently made to get a real handle on what I've talked about because it's all there....so far.

Re-emphasising, we all know now what a standard V signal looks like, that is not new now. The next focus must be on maximising the profitability.... via sensible MM and add-ons. Master those, then at some later stage if I'm still around this thread, we can look at alternative Vs....but one step at time.
  • #398
  • Jun 28, 2017 10:08am Jun 28, 2017 10:08am
Quoting Landline
{quote} I've spoken about a few things in recent posts and all of it needs to be carefully borne in mind, because the sequence of the points made are necessary to understand what is happening in reality. Simplifying, I can say that 75%-80% roughly of all valid entry signals according to the standard V rules will not be runners. Therefore, it is paramount we fully capitalise when a runner does occur. My usual entries allow profits to be made whether it's a runner or not, but the most important part is being prepared for that runner, because no one...
ok, i will think about it all. thx.
trading is like dancing, don't think and just listen to the music!
  • #399
  • Jun 29, 2017 9:36am Jun 29, 2017 9:36am
Quoting Landline
{quote} All the risk, so far as my style is concerned is present the moment I enter the initial trade. Offsetting the initial risk as the trade progresses will be different for each trader, and I usually deal with that by having 3 orders in the first place which provides the kind of flexibility to take profit at particular levels, whilst maintaining the last level for maturity. This to me is normal management of trading and I am fully aware of my risk at that initial stage. This covers everything for me, and leaves me with just one thing to consider.......
Able to give a visual example? I would be interested to find out how to keep the runners going and when and how to take max profit
  • #400
  • Jun 29, 2017 8:07pm Jun 29, 2017 8:07pm
Quoting sam68
{quote} great start for a down trend , look at weekly now for long term exit targets ? just some suggestions if you wish , or sometimes I use pivots also {image}
I should have taken your advice and held for a weekly target .However I covered at 25 pts .There may be much more to come so I will be patiently watching /waiting .Thanks for the method and sharing your insights ...
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