EURJPY M15 system 80%+ | Page 10 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/JPY

Similar Threads

EMA & RSI Intraday M15 system 42 replies

Scalping System on M15 12 replies

M5-M15 PHY TRAIN Quantum system 16 replies

Edźwin's M15 system - proverbial construction of flail :) 11 replies

Attachments: EURJPY M15 system 80%+
Exit Attachments

EURJPY M15 system 80%+

  • #181
  • Jan 30, 2018 3:02pm Jan 30, 2018 3:02pm
Quoting since80808
{quote} Where is it in the rules?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy4hrbe.jpg Size: 70 KB
  • #182
  • Jan 31, 2018 5:21am Jan 31, 2018 5:21am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 20 KB
Thank you and best regards.
  • #183
  • Jan 31, 2018 2:36pm Jan 31, 2018 2:36pm
Quoting Atm_x
{image}
Box>50p
no entry using the FXmd rules
Just an opinion. Based on research
  • #184
  • Feb 1, 2018 2:25am Feb 1, 2018 2:25am
Quoting since80808
{quote} Box>50p no entry using the FXmd rules
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 4 KB

Trailing_stop.
Thank you and best regards.
  • #185
  • Feb 1, 2018 12:34pm Feb 1, 2018 12:34pm
Hey guys. Except EJ are there other pairs that work well. Im doing a little backtest will let you know. I will check GBP pair as they move a lot. What do you guys think. I know its best results is with EJ but its worth backtesting.

Nick
  • #186
  • Feb 1, 2018 5:20pm Feb 1, 2018 5:20pm
Quoting skylinecg
Hey guys. Except EJ are there other pairs that work well. Im doing a little backtest will let you know. I will check GBP pair as they move a lot. What do you guys think. I know its best results is with EJ but its worth backtesting. Nick
GN.
  • #187
  • Feb 1, 2018 5:28pm Feb 1, 2018 5:28pm
Quoting lemercenaire
{quote} GN.
Too much movement will disqualify it most of the time
  • #188
  • Feb 1, 2018 5:51pm Feb 1, 2018 5:51pm
Quoting sheppy
{quote} Too much movement will disqualify it most of the time
Yeah, it is a bit mental!

I use it in a method which is similar to this but makes use of that madness.

CJ used to be good, last time I checked anyway - but no idea if it still holds up.
  • #189
  • Feb 2, 2018 7:05am Feb 2, 2018 7:05am
Quoting yalgaar
{quote} This week results: Monday: Loser Tuesday: Winner Wednesday: Winner Thursday: Loser Friday: No Trade Basically.....we had 9 trades so far in last 2 weeks. 4 winners and 5 losers. This conclusion is based on taking trades based on the original post. There is no Break-even or trailing concepts used. I am not sure if we did how it would impact the net results.

This weeks results:
Monday: Break Even
Tuesday: Winner
Wednesday: Winner
Thursday: Winner
Friday: Break Even

Overall good week. No losing trade.
  • #190
  • Feb 2, 2018 7:09am Feb 2, 2018 7:09am
Quoting yalgaar
{quote} FXMD, I am trying to do a visual backtest for the whole 1 year (2017) to find out how many winners, losers, Breakeven or N o trades. I just noticed that the indicator is not drawing the BO zone correctly as we expect or maybe I am doing something wrong. Can you please advise what could be the reason? I believe we want the BO zone to be using "Stick box to latest Extreme = True" But that is not what it is doing. Actually quite the opposite. Also if I set it to false it is still not setting the BO zone to latest extreme. Following are the...
FXMD,

I really wanted to do a visual backtest for the whole year 2017 keeping in mind that if the profit reaches at 85% of TP then we set the SL to breakeven and find out how many total trades, winners, losers and break even.

I posted here about the indicator not setting the zone to the latest extreme when zone above 45 pips. I have also posted screenshots to show you that. Did you choose to ignore my post?
  • #191
  • Feb 2, 2018 10:23am Feb 2, 2018 10:23am
Hit TP 2 times.. close these trade before TP Target line..
Attached Image
PIVOT Return This Year: na
  • #192
  • Feb 2, 2018 1:07pm Feb 2, 2018 1:07pm
Quoting yalgaar
{quote} This weeks results: Monday: Break Even Tuesday: Winner Wednesday: Winner Thursday: Winner Friday: Break Even Overall good week. No losing trade.
When do you move SL to BE?
Just an opinion. Based on research
  • #193
  • Feb 2, 2018 2:21pm Feb 2, 2018 2:21pm
Quoting since80808
{quote} When do you move SL to BE?
There is no such defined rule about when you set your SL to BE. I have just seen FXMD mention it lightly on several posts. I was considering to set the SL to BE once you have acquired 85% of your profit target.

I like this system but I highly doubt it produces 81% winners like FXMD claims....or have claimed for the year 2017. I still need to get have the following areas that I am not clear about to come to my own conclusions:

1) The indicator is not working as expected. It is not drawing the BO zone to latest extreme all the time. Its inconsistent.

2) There are discrepancies in the report that FXMD has produced for the year 2017. I want to double check all that.

3) There has been no clear definitions of the following items: a) when do you move your SL to BE? b) when do you enter the trade if the price has moved way past the BO zone. I understand you wait for price to retrace but no clarity at what price you enter? We may not get many trades once we define these parameters. The trades could be winner trades or loser trades. But until we define this....we cannot claim 81% winners. This is far from truth!
  • #194
  • Feb 2, 2018 2:33pm Feb 2, 2018 2:33pm
I will be creating a report for the full year 2017 using the following rules:

1) Take trade only after M15 close above/below BO zone. After the close take trade if price is equal to or less than 3 pips from the BO zone. If it is more than 3 pips you wait till it is equal to 3 pips.

2) If the indicator does not mark the BO zone correctly (adjust it to latest extreme with max 45 pips) I will manually do it.

3) Set SL to BE once price is 5 pips away from profit target. This might lead to BE on some trades instead of profit but it will save us from a loss.



Any volunteers to do the same for the year 2016?
  • #195
  • Feb 2, 2018 3:13pm Feb 2, 2018 3:13pm
You know the rules and the indicator is just a support to understand the strategy, I do not depend on the indicator to take trades I do it all manually. If you want to use your limited time doing back test to get a 100% accurate system go ahead. It may take you a while. On the other hand it’s not just my word backing up the 81% accuracy for the amount of time provided for back test. I shared the pdf with screenshot of 100+ trades over the past year and got this percentage of accuracy, do Not over complicate your trading.

About break even “Rule”
The truth is there is no rule, it’s open to use your discretion. But what I think is a good time to break even is when price gets 2-3 pips away from TP and starts retracing. Why, I think everyone hates when price gets very close to TP and then retraces and goes to stop loss.
Grind until you no longer have to introduce yourself. 4:30am club
  • #196
  • Feb 2, 2018 3:32pm Feb 2, 2018 3:32pm
Quoting yalgaar
{quote} There is no such defined rule about when you set your SL to BE. I have just seen FXMD mention it lightly on several posts. I was considering to set the SL to BE once you have acquired 85% of your profit target. I like this system but I highly doubt it produces 81% winners like FXMD claims....or have claimed for the year 2017. I still need to get have the following areas that I am not clear about to come to my own conclusions: 1) The indicator is not working as expected. It is not drawing the BO zone to latest extreme all the time. Its inconsistent....
1) The indicator is not working as expected. It is not drawing the BO zone to latest extreme all the time. Its inconsistent.

If I remember correctly a lot of the early versions of this indi were buggy like this, one I had certainly was - one way to kick start it is to jump to a different tf and then back again and it resets itself properly.
  • #197
  • Edited 6:10pm Feb 2, 2018 5:50pm | Edited 6:10pm
Very supporting this strategy. For me like as an example it coming back not like life (trading) rules but more like guidances to imagine where the target is, because most of the time price are moving where ever want, what ever want.
Had open positions
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-m15-admiral-markets.png Size: 40 KB

Couple more
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-m15-admiral-markets-2.png Size: 41 KB

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-m15-admiral-markets-3.png Size: 41 KB
  • #198
  • Feb 2, 2018 7:09pm Feb 2, 2018 7:09pm
Quoting lemercenaire
{quote} 1) The indicator is not working as expected. It is not drawing the BO zone to latest extreme all the time. Its inconsistent. If I remember correctly a lot of the early versions of this indi were buggy like this, one I had certainly was - one way to kick start it is to jump to a different tf and then back again and it resets itself properly.
Thanks Buddy! I will try your suggestions.
  • #199
  • Feb 2, 2018 7:13pm Feb 2, 2018 7:13pm
Quoting yalgaar
{quote} FXMD, I really wanted to do a visual backtest for the whole year 2017 keeping in mind that if the profit reaches at 85% of TP then we set the SL to breakeven and find out how many total trades, winners, losers and break even. I posted here about the indicator not setting the zone to the latest extreme when zone above 45 pips. I have also posted screenshots to show you that. Did you choose to ignore my post?
No I don’t ignore you, I’m busy and can’t reply with detail promptly mid week
Grind until you no longer have to introduce yourself. 4:30am club
  • #200
  • Feb 2, 2018 7:14pm Feb 2, 2018 7:14pm
Quoting Fxmd
You know the rules and the indicator is just a support to understand the strategy, I do not depend on the indicator to take trades I do it all manually. If you want to use your limited time doing back test to get a 100% accurate system go ahead. It may take you a while. On the other hand it’s not just my word backing up the 81% accuracy for the amount of time provided for back test. I shared the pdf with screenshot of 100+ trades over the past year and got this percentage of accuracy, do Not over complicate your trading. About break even “Rule”...
Thanks for your message. You obviously followed some rule when concluding the winners to be 81% and what you used in the .pdf. That all that that I and some other members were interested to know. I would really appreciate if you could clarify some of the questions I asked in post before on Point # 3.
2 traders viewing now