SRDC Episode I

Hi Traders,

Ive been away for quiet sometime due to personal and business reasons. But everything is Pipastic!

Im a starting this new thread to help newbies like me to add to our ever growing need to learn and grow. Not to compare and judge but to expand our knowledge in this exciting new era of electronic fx trading where anyone can participate to trade forex and transform their lives forever.

Another reason is, after many months of forward testing this method (out of 9 that my team develops), i think, its time to EA it on MT4. You will know the reason why, i need to EA this method after reading the attach document.

Its a very simple method and very effective. Excellent for newbies and professional alike.

So, EA programmers out there, please take a look at it and when you dont mind, help us to create an EA of this method and let the fun begin!

Humbly yours,
OrangeRoshan

p/s Constructive Ideas and help welcome!

the theory is a bit similar with Mouteki, using the support and demand line. but without the trend line.

SL are set between 20 - 30. but daily movement would be more than 50 pips, i'm sure the SL would be hit in most trades. don't you think so?

Raya! :

Yes and No.

Believe it or not, i sometimes didnt put stoploss for the reason you put forward. This I learned from a prominent trader which i rather not named. He didnt put a stoploss when he knows the trend. Knowledge on Fundamentals are important.

However after forward testing it for so many months, I noticed everytime the price hit either the support or resistance, the price rides to my desire takeprofits, which is usually between 5 to 50 (depending on the daily and weekly high and lows).

From experience, 20-30 SL is safe.

Yes, its silimar to mouteki in terms of having no indicators but, this is much simpler and Ive been using it for many years (since 1993) on manual trading via telephone and telex. Using Internet trading, its more effective because I can execute my trades almost instantenously.

Tnks

btw, Selamat Hari Raya

i'll do some backtest later. you're not in KB, are you?

I always get confused about chart times. My charts start a new day at 0100 GMT, is this significant in determining the high and low of yeserday's bar? Otherwise, your high and low may not be the same as mine. If the method requires that the daily bar starts at say the beginning of the US session, the only way I could replicate this would be to switch to hourly bars and pick out the ones that correspond to this timeframe.

Or does it really matter anyway?

Good Question!

Im running my live and demo accounts on 6 platforms. Where 3 of them are MT4 platforms with 3 different opening times. This is what we have observed:

1. Day high and lows are different due to the platform opening times
2. Therefore Daily candles differ a little bit based on the above and due to broker spreads and wits.

However, the method can still be implemented regardless of these issues. Backtest your daily candles and it will give you much confidence.

I hope that helps.

Do u still use tigal abdul tlatomi ? :

Yes and No.

Tiga Abdul has 3 versions now and its part of my team's existing system. However the 3A tlatomi method has evolved to ver. 5B now. More aggresive and more profitable and still on trial, forwardtesting on live account.

In later stage of SRDC method, i will show how to incooperate 3AT with this method. Its part of a bigger system for a more powerful system of entry and exit.

Hi,

Any idea when new 3A tlatomi method will come out ?

Not for now.

Anyway the new version is Tiga Abdul Breakout system Ver. 5B. Its exits somehow partly depends on SRDC method.

How can we get hold of this? Is there any link for this method? Thanks Orange! Much appreciated.

Sorry, Im not realesing it yet.

GBPUSD and EURUSD just broke the 20pips tp. Im still awaiting for the AUDUSD. Fantastic!

Working on 3rd day Raya hey?

SHR 2u too.... Hahahahaaaa....
Cant help it Ak! I get sick when i dont trade! I Love trading!!

Same here, just got back from Sabah. I have already had 3 days off-trading. I love trading too..even if im loosing...who doesnt??!!

BTW, as for my point of view about this method, to backtest it, using the daily bar is not a good idea.

Why? Because if the yesterday's high is broken, there are still posibilities that the price goes back down for sometime before contineu rising back up and therefore SL could have been hit. We cannot see that on daily bar. The best is that backtest it on 1hr time frame.

Just my 2 mini lot point of view.

I just made +30 using u system, Thanks and SHR

OrangeRoshan's SRDC method


Orange, this method along with James16 price action looks great.

I've been using James' price action with the previous day's and week's high and low (also the overall trend,fibs, pivots and 365 ema)to add support and resistance confluence.

The key is confluence (other indications not indicators)with price action.

I'll show examples.

Jim