Quoting Lou GDislikedMy backtesting does not indicate that this method (as we know it up to this point) will produce long-term profitsIgnored
have you tested it without SL?
SRDC II Channel of the day 74 replies
Discussion on EA pertaining to SRDC methods 40 replies
Discussion on Indicators pertaining SRDC 62 replies
SRDC II Journal for All 11 replies
SRDC II Charts posting and discussion pertaining to it 37 replies
Quoting Lou GDislikedMy backtesting does not indicate that this method (as we know it up to this point) will produce long-term profitsIgnored
Quoting GeldschluckerDislikedLou,
have you tested it without SL?Ignored
Quoting Lou GDislikedYes, and also attempted to optimize several combinations of the primary factors (InitialStop, TakeProfit, TrailingStop). I have had some short-term success, a good month here and there, but no success in testing for the current year-to-date. That's why I want to wait and see what is in store from the author in subsequent levels of the method - I feel there is a great deal of potential in this approach. OrangeRoshan has made several veiled references to using multiple lots (vis-a-vis Vegas) and tiered defensive trading techniques (T1, T2, T3) and I'm eager to see how he will tie all this together.Ignored
Quoting AlexFXDislikedHey,
I've had great results with this method. Before the new daily candle starts I get a feel for the pairs I'm trading, fundamentally and technically . Each pair is like the weather,its going to have a different dynamic from day to day. You have to prepare for it each day.
Regards
AlexIgnored
Quoting Lou GDislikedNo misunderstanding between us - I think this approach has great potential. Attached find a Strategy Builder report for the period 10/26 (the day after the thread began) through the current day. As you can see, the return on investment is excellent for a 100% mechanical strategy. I used a stoploss of 20 and takeprofit of 40 to get these numbers. Unfortunately, when applied to a longer term similar profits are not there. Perhaps the info contained in the 75% of the method that has not been revealed yet will enable similar profit to be obtained on a consistent basis.
I'm a big fan of SRDCIgnored
Quoting Lou GDislikedI'm re-posting the original SRDC indicator and the EA I use below. After I posted the first version of the indicator I received a request to change it to accomodate different times for starting the "day". I tried to do this but, since I am not a very experienced MQL4 coder, it never worked properly so I gave up for now- perhaps I'll get it working in the future.
The indicator and expert posted run on server time. For me, this is GMT+2 but, as the author of this thread has said, when your server starts the day should have no effect on the functionality of the approach.
The modifiable items in the EA are self-explanatory:
InitialStop - just what it says
TakeProfit - ditto
TrailingStop - if non-zero, will be applied in the normal way
Padding - this is the amount suggested by OrangeRoshan to be added to the price for the stop orders.
StartTime - Not used (see above). Orders will be opened/closed when your server says it is midnight.
The EA has been tested pretty thoroughly and seems to do the basic job. Any problems, please post to the thread rather than PM me.Ignored
Quoting OrangeRoshanDislikedMay the turkey be on my plate!!Ignored
Quoting GolfCoachDislikednew to mt and spending hours with simple little things to organize charts. Anyone...how do I combine indicators in one pane instead of having several panes on top of each other? Sure appreciate it.
ChrisIgnored
Quoting accreteDislikedOK, all in favor of Orange taking a day off from EA coding raise their hands. I think he's loosing it cuz he's mixing up is story lines.
PS. just joking. Always enjoy your ideas Orange. Keep up the good work even though you are a bit crazed at times.Ignored
Quoting Harry111DislikedOrange, I am I guess a newbe at this and downloaded the OrangeRoshhan's SRDC Method. I under stand you put a trendline at the support and one at the resistance. an wait for the trade to open and take your pips and close. once the trade opens close the other one and that is it. Have I got this right or what am I missing. I here everyone talking about EA's and I don't know what that is can you inlghten on that please.And is there something I am missing.And is there a SL set or not.
Please help I want to be a good trader when I start my first real account. I have been looking for a Method now fpr 6 months. I still have alot to learn and I still can not keep a postive account...
Thanks
A cry for Help....Ignored
Quoting 4rexDislikedHello Sky,
Here is OrangeRoshan's document that explains the SRDC method.
Attached Files<table border="0" cellpadding="0" cellspacing="3"><tbody><tr><td>http://www.forexfactory.com/forexfor...attach/doc.gif</td><td>OrangeRoshan SRDC method.doc (112.5 KB, 1131 views)</td></tr></tbody></table>
Hope this helpsIgnored
Quoting SkyhrDislikedYeah, thanks. But I've already read it like twice before. I accidentally asked him via email and he told me the stuff. I didn't know the stoploss had to be so big though. 50 stop loss for 5~10 gain? Thought stoploss was like 10 for a 5 pip gain.Ignored
Quoting etoilethayDislikedLou G,
I did not try ur EA yet, but I am wonderig since I am using the same EA for all pair ( RURUSD GBPUSD AUDUSD) still I noticed that when the StopLoss is trigerred the losses are totally different for each pair. The Profits are different too! Any expalination for that?
TIAIgnored
Quoting OrangeRoshanDislikedHi Harry, I think you got all the method wrong, sorry mate. You open trades that penetrated the Support & Resistance, which is the High and Lows of the Daily candle (switch to daily candle and look at yesterday's candle versus todays').
The Trend lines, The channel we call it has a median ( a parallel line to both the high trend and low trend lines). This is use to determined and anticipate the candle movement in H1 chart. You may also draw it on Daily.
Download my original attachment on my 1st post and read thoroughly. As you are a beginner, pls use demo account only, until you know your stuff. But when you must use you life account, use minimal, say 0.01 lot.
Happy pippingIgnored