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  • #101
  • Dec 11, 2017 2:51am Dec 11, 2017 2:51am
Quoting mbrown
{quote} No. One terminal for the 32. Sorry for the confusion. The 5min will give us the short term profits and the 30min the long term profits. After we have weeded out the chaff, the aim is to have very few unprofitable months. The 5min models are new but they should open orders every day so if you haven't got any orders, please let me know in case I have to debug.
Nice !

The explorer will be set up today.
  • #102
  • Dec 11, 2017 3:04am Dec 11, 2017 3:04am
I put both the 30mins and 5mins under one terminal ...different scripts too. lol i am running alot of systems atm
  • #103
  • Dec 11, 2017 3:09am Dec 11, 2017 3:09am
Quoting masterchief
I put both the 30mins and 5mins under one terminal ...different scripts too. lol i am running alot of systems atm
The script is the same but the 30min and 5min use different GV values. You need to use 2 terminals, one for the 5min and one for the 30min.
  • #104
  • Dec 11, 2017 3:33am Dec 11, 2017 3:33am
Quoting mbrown
{quote} The script is the same but the 30min and 5min use different GV values. You need to use 2 terminals, one for the 5min and one for the 30min.
Bottom left you will see newGVC and newGVC 5m ...same script but different gvc values so i have 2...each one the values needed
Attached Image
  • #105
  • Edited 3:50am Dec 11, 2017 3:36am | Edited 3:50am
Quoting masterchief
{quote} Bottom left you will see newGVC and newGVC 5m ...same script but different gvc values so i have 2...each one the values needed {image}
Press f3 and take a screen shot. After you press F3 you are going to see 11 values. 5min have different 11 values than 30min so you need two terminals- GV on OP. However, if you want to do it your way then fine. But your trades will be different and I can only issue instructions once , if you then go off and do something differently I can't do anything about that.
  • #106
  • Dec 11, 2017 4:19am Dec 11, 2017 4:19am
OK !

Everything is setup (new account specifically for the 5 min), trade explorer in my profile page.

Very happy to test this, thanks again.
  • #107
  • Dec 11, 2017 4:20am Dec 11, 2017 4:20am
Quoting mbrown
{quote} Press f3 and take a screen shot. After you press F3 you are going to see 11 values. 5min have different 11 values than 30min so you need two terminals- GV on OP. However, if you want to do it your way then fine. But your trades will be different and I can only issue instructions once , if you then go off and do something differently I can't do anything about that.
oh Right, i have seen the 11 values. Ok nw il get them sorted in time for tomorrows trading day
  • #108
  • Dec 11, 2017 4:29am Dec 11, 2017 4:29am
Quoting masterchief
{quote} oh Right, i have seen the 11 values. Ok nw il get them sorted in time for tomorrows trading day
Seems strange you don't want to follow the instructions of the EA creator.
  • #109
  • Dec 11, 2017 5:32am Dec 11, 2017 5:32am
Quoting mbrown
{quote} Seems strange you don't want to follow the instructions of the EA creator.
just thought that way may be quicker
  • #110
  • Edited 12:51pm Jan 25, 2018 5:48am | Edited 12:51pm
Quoting Phil_GMT
{quote} I think there is room for a Burst up, to 1.26 . I'm not selling yet.
How many days are we talking?

-------------------------------------------------------------------------------------------------
11:21: Relearning old lessons learnt. Not following the trading plan increases the probability of screwing up most trades after that point. I took this long before the price reached the reversal point, I'm being influenced by the 80% of pips being left on the table up to this point. Sooth has signalled long so it should be fine but the chart above shows the signals sometimes suffer drawdown before turning into profit. Shame on me! We are only a hair breadth from the reversal point but still we are not there. I hope this demonstrates to newer traders the importance of building habits on a demo account before going live with any new EXCELLENT system or indicator you find.

The reversal zone is below 10, I entered at the arrow. So plan wise, now I should actually be closing my short from 2327 at 2306.

So even though I am up for the day, all the trades I have taken have been screwed up by me not the method. The method would have produced close to 75% returns in the last two hours but due to lack of good habits trading Soothsayer this is not the case. I must follow the plan exactly (win or lose) from this point forward.
  • #111
  • Edited 6:18am Jan 25, 2018 5:53am | Edited 6:18am
Right Sooth' is in the reversal zone in down trend mode, just waiting for a cross above 10.

The micro trends last for between 60 and 120 minutes. Opting to add an additional long and not look at it for 60 minutes. I will add an additional long after Sooth' is above 10.


Equity chart so far. It is only a demo and the objective is to compound a small amount into a large amount so there is no point having a demo with gazillion pounds in it.
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  • #112
  • Edited 6:45am Jan 25, 2018 6:22am | Edited 6:45am
Okay. Sooth confirm trend reversal and I have added to my previous long which I will close at BE. I will leave the position for 60 minutes then check and move stop to BE price permitting.


There's actually a major news announcement in 10 minutes and 40 minutes. I've closed all my longs for this reason. A spike down would be a disaster. I will resume at 13:45 GMT. It will be interesting to see how Sooth call's the news, at the moment the call is UP. I don't believe for a minute Sooth' can forecast the news, it is just a bit of fun, a 50/50 at best.
  • #113
  • Jan 25, 2018 6:41am Jan 25, 2018 6:41am
Quoting mbrown
{quote} How many days are we talking? ------------------------------------------------------------------------------------------------- 11:21: Relearning old lessons learnt. Not following the trading plan increases the probability of screwing up most trades after that point. I took this long before the price reached the reversal point, I'm being influenced by the 80% of pips being left on the table up to this point. Sooth has signalled long so it should be fine but the chart above shows the signals sometimes suffer drawdown before turning...

10 trading days.
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 18.2%
  • #114
  • Jan 25, 2018 7:31am Jan 25, 2018 7:31am
Took a few longs after rate decision closed before ECB news conference.

Sooth' is a hair breadth away from reversal zone/trend mode zone. Probably up then straight down.
Attached Image (click to enlarge)
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  • #115
  • Edited 12:51pm Jan 25, 2018 7:38am | Edited 12:51pm
Don't see the short signal to often. Sooth got the direction correct again, I didn't profit because of the news which is logical. If Sooth can get the direction right for news 80% over 30 news releases I might take it more seriously and consider trading through the news.

Sooth indy is in trend mode. No shorting yet. I am consistent in my record of missing now over 80% of the pips available. However, it is clear to me, as soon as man reconciles with machine compounding a small account into a formidable account will be straight-forward.

Like any trader poisoned with too much technical knowledge, my mind doesn't believe what I'm witnessing.

So up 35% in 4-5 hours. In truth, I won't dumb down the % for believability like I did earlier, the gain should be >>> at the very least 175-200% if I had followed Sooth from start to finish.

Starting to feel regret I closed the longs!

Sooth' in trend-mode but signalling short continuously

Todays short offer that can't be refused is 2488!!!!!!! So above 2518 signals more upside and a short here with a 30 pip SL is a good trade.

Above 2518: EURUSD goes interstellar.

Even more regret I closed the longs! the gain should be >>> at the very least 175-300%
  • #116
  • Edited 12:50pm Jan 25, 2018 8:06am | Edited 12:50pm
Sooth is approach the reversal point. OBVIOUSLY. I DO NOT WANT TO GO SHORT. However, I have seen first hand what happens when I don't follow!


Confirmed reversal: Gone short!!!


ANOTHER MISTAKE! I PREEMPTED IT! Reversal is below 90!

I'm working on 1 min' chart and I haven't fully automated the system yet and it takes about 10-20 seconds for calculations to complete. Normally, when there are that many reds bars and the price is just above the 95 is has normally been sufficient to bring Sooth below 90.

Scratched the short for a few and will wait for proper confirmation.

14:18: Proper confirmation. taking small short, price to far from the high, will add a larger position should price return with 15 pips of the high.

The last trade although a small profit wasn't earned following the plan. Sooth was in the reversal and weakening, there had been a cross over but it didn't cross 90. I can't lament lost pips from a trade outside the plan. I haven't devised a rule for shorting a strong reversal like this where price moves far from the high. This is a small stop-loss approach, I despise place SLs greater than 5 pips so a SL approaching 50 is out of the question. So I am short with a mini lot, just so I have followed the rules. I guess some sort of position size EA might be worth developing so lots are adjusted depending on the SL of the order.
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  • #117
  • Jan 25, 2018 8:33am Jan 25, 2018 8:33am
Will check the position at 15:20 GMT. Cycles seem to last for either 1 or 2 hours. So if there is going to be more upside it is likely to start at either 15:20 or 16:20.
  • #118
  • Edited 9:42am Jan 25, 2018 9:20am | Edited 9:42am
Back in reversal zone. waiting for confirmation to add a real short.

Trend mode...waiting for reversal if any.

making some real USDCHF pips so hope EURUSD stays in trend mode.

Clearly when Sooth goes into long trend mode, one should open a long but I am manual trading and that is a rule to many at this stage of my training. Psychological overload etc.
  • #119
  • Edited 10:06am Jan 25, 2018 9:45am | Edited 10:06am
Reversal mode confirmed proper. Gone short (added larger position). Leave it for 60 mins.

I realise the position size is too large given the stop loss size. I reduced the position size. It doesn't matter how good the system is if the capital isn't protected the dream is dead!

Leave it for 45mins.


Hmmm... is it too early to start thinking about the Holy Grail? At the moment it feels like the Davit Pivot System on steroids!
Attached Image (click to enlarge)
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  • #120
  • Edited 10:44am Jan 25, 2018 10:31am | Edited 10:44am
SL to BE +1
------------------------------------------------------

Soothsayer 1min isn't trading broad market tops and bottoms just micro turning points. I would have to use Sooth' 1day, 1week and 1 month to call broad market tops and bottoms. Right now the objective is to compound a small amount of capital into a formidable amount in a very short space of time so the 1min is ideal but I will eventually move on to the other time frames.

It looks like this cycle is 2 hours, based on what I have seen so far I expect the reversal point to be reached by 17:20 then hopefully more upside.
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