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The Paradox System

  • #14,981
  • Jan 2, 2019 5:34pm Jan 2, 2019 5:34pm
Quoting robnanne
{quote} Actually Dove, I downloaded the templates again and have not deleted anything off them. Refresh was the wrong word sorry Dove. I am trying to do this as you requested. Anne
To begin with you need a 40 Bar spread with 39 showing. And that is important - more so then you think.
The Dove - Forex Trainer
  • #14,982
  • Jan 2, 2019 5:34pm Jan 2, 2019 5:34pm
https://www.cityindex.com.au/market-...-stocks-lower/

Possible reason for the spike down in yen.
  • #14,983
  • Jan 2, 2019 5:36pm Jan 2, 2019 5:36pm
Quoting robnanne
https://www.cityindex.com.au/market-...-stocks-lower/ Possible reason for the spike down in yen.
It had something to do with the banks, and not the market for this kind of spike.
The Dove - Forex Trainer
  • #14,984
  • Jan 2, 2019 5:37pm Jan 2, 2019 5:37pm
Quoting dove_alliance
{quote} To begin with you need a 40 Bar spread with 39 showing. And that is important - more so then you think.
Thank you Dove,
  • #14,985
  • Jan 2, 2019 5:43pm Jan 2, 2019 5:43pm
Unreal -- the Yen carry traders:

In what some have suggested is a chained liquidation stemming from the collapse of AAPL shares after-hours, multiple FX pairs are flash-crashing across the globe amid still low liquidity conditions.

USDJPY just flash-crashed a stunning 4 handles (the biggest drop since 2009 according to Reuters) to its lowest in over two years, as the JPY was suddenly panic bid against the USD, as the pair tumbled from 109 to as low as 104.87 with a smell of a major carry trade unwind.
The Dove - Forex Trainer
  • #14,986
  • Jan 3, 2019 4:17am Jan 3, 2019 4:17am
Happy new year everyone!
Session: January 3rd, 2019 EUR/JPY.
Red News: USD PMI.

Daily
Romar: Resistance
EMA: Resistance
Parabolic: Resistance
EMA last arrow: DOWN, MACD: DOWN

H4
Romar: Resistance
EMA: Resistance
Parabolic: Resistance

H2
Romar: Resistance
EMA: Resistance
Parabolic: Resistance
EMA last arrow: DOWN, MACD: DOWN

H1
Romar: Resistance
EMA: Resistance
Parabolic: Resistance

Daily (big picture) final note
After the hit on EMA resistance with SAR on Dec. 27th, the market made a massive down move with both Divergence attach on every lower/low. The market is currently in a downtrend and also out of balance. Every Fibs on every charts is green. Last DB/SAR attachment was yesterday.

H1 H2 H4 final note
Fibs are all green. H4 is the only chart without the hidden Divergence showing at the bottom so it has not made a deep retrace to resistance yet, since the Dec. 27th. H1 is the only chart with the Parabolic for the up and this can cause consolidation.

Market type
Downtrend / The Daily is Out Of Balance.

Entry with rules/confluences.

  1. The Daily is out of balance, right now could be the perfect time for the Daily to re-balance itself because of the 300+ pips gap from today's open.
  2. H4 only the standard Divergence showing at the bottom so the market is to go to resistance next. H1 Parabolic flipped for the up and EMA Purple at the crossing.
  3. The first step for the market to make a move up is White Purple crossing. H2 White Purple cross for the up and the open bar is above Smooth.
  4. TP is before EMA resistance.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 62 KB
  • #14,987
  • Jan 3, 2019 9:27am Jan 3, 2019 9:27am
Quoting Lakers
Happy new year everyone! Session: January 3rd, 2019 EUR/JPY. Red News: USD PMI. Daily Romar: Resistance EMA: Resistance Parabolic: Resistance EMA last arrow: DOWN, MACD: DOWN H4 Romar: Resistance EMA: Resistance Parabolic: Resistance H2 Romar: Resistance EMA: Resistance Parabolic: Resistance EMA last arrow: DOWN, MACD: DOWN H1 Romar: Resistance EMA: Resistance Parabolic: Resistance Daily (big picture) final note After the hit on EMA resistance with SAR on Dec. 27th, the market made a massive down move with both Divergence attach on every lower/low....
Result
+15 pips. Closed the trade 5 minutes before "USD ISM PMI" news.

Evaluation
Got lucky, the SL was a few pips away from getting hit and the TP too was a few pips away from getting hit. But regardless the entry was bad. The entry was too far from Smooth and too close to resistance, I needed to wait for the market to get closer to Smooth.
I think the direction of the trade was correct because after White Purple cross. And with the open bar above Smooth, Smooth Purple cross was next in line making Smooth support.
  • #14,988
  • Jan 3, 2019 7:45pm Jan 3, 2019 7:45pm
Hi all, I like this trading system..I hope I can get some guidance as I study and try to understand the system. I am still relatively new to FOREX so I'll need all the guidance that I can get. HAPPY NEW YEAR to all.
  • #14,989
  • Jan 4, 2019 2:24am Jan 4, 2019 2:24am
Session: January 4th, 2019 EUR/JPY.
Red News: USD and CAD

DAILY
Romar: Resistance
EMA: Resistance
Parabolic: Resistance
EMA last arrow: DOWN, MACD: DOWN

H4
Romar: Resistance
EMA: Resistance
Parabolic: Support

H2
Romar: Resistance
EMA: Support
Parabolic: Support
EMA last arrow: UP, MACD: UP

H1
Romar: Resistance
EMA: Support
Parabolic: Support

Daily (big picture) final note
After the massive down move and hitting the lower BB, the market is trying to re-balance itself with Purple and it is not complete yet.

H1 H2 H4 final note
H1 H2 are in sync for the up. H4 4 horsemen are pointing up and EMA Purple is at the crossing for the up.

Market type
Consolidation / The Daily is Out Of Balance

Entry with rules/confluences.

  1. We are in consolidation because of the Parabolic are not in sync, and in consolidation we can trade both ways from support to resistance vice-versa.
  2. Daily re-balance with Purple move is not complete just yet, and the Daily candle power is green.
  3. H4 last DB connection is at the bottom, and with the Parabolic flipping to up the next DB connection is to go to resistance.
  4. The entry is at H1 Parabolic support, and H2 EMA support.
  5. TP is before H2 last DB resistance attachment.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 70 KB
  • #14,990
  • Jan 4, 2019 2:55am Jan 4, 2019 2:55am
I went trough initial 205 pages but I could use some help. Clearly there was not enough time for me to sink in all the knowledge.

Could someone just confirm something to me please ? I know it has been asked multiple times and also answered multiple times but most of it was with no screenshots just referring to what is happening at the very moment.

Looking at this 3 charts at the moment 8:45 GMT My understanding it is Romar is above EMA on all 3 of charts so we are still in Downtrend.
1HR and 2HR is trending up but unless EMA crosses ROMAR on 1H and 2H this is still downtrend and trading long would be against the rule which is never trade against the trend ?

As soon as EMA crosses Romar on 1H and 2H this will be consolidation and then trading both ways is allowed ?

At the same time I understand that Romar is resistance on all charts but EMA is Support on H1 and H2 as it crossed purple - that's what is confusing me.


I understand traders sometimes are looking for shortcuts and avoiding studying by themselves, I would like to assure you this is not the case :-)

Many thanks for helping.

Ps. I am re-reading this thread from the beginning.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURJPYH1.png Size: 53 KB
Click to Enlarge Name: EURJPYH2.png Size: 65 KB
  • #14,991
  • Jan 4, 2019 8:26am Jan 4, 2019 8:26am
Quoting Lakers
Session: January 4th, 2019 EUR/JPY. Red News: USD and CAD DAILY Romar: Resistance EMA: Resistance Parabolic: Resistance EMA last arrow: DOWN, MACD: DOWN H4 Romar: Resistance EMA: Resistance Parabolic: Support H2 Romar: Resistance EMA: Support Parabolic: Support EMA last arrow: UP, MACD: UP H1 Romar: Resistance EMA: Support Parabolic: Support Daily (big picture) final note After the massive down move and hitting the lower BB, the market is trying to re-balance itself with Purple and it is not complete yet. H1 H2 H4 final note H1 H2 are in sync for...
Result
+20 pips. Closed the trade 5 minutes before "USD CAD NFP" news.

Evaluation
The market is stuck between H2 EMA support and H2 61.8 resistance. H2 61.8 resistance wouldn't let us thru before the news. Dana always say our job as a trader is to make sure the TP is hit before any news, so this trade is no good.
  • #14,992
  • Jan 4, 2019 11:24am Jan 4, 2019 11:24am
Quoting Forbas
I went trough initial 205 pages but I could use some help. Clearly there was not enough time for me to sink in all the knowledge. Could someone just confirm something to me please ? I know it has been asked multiple times and also answered multiple times but most of it was with no screenshots just referring to what is happening at the very moment. Looking at this 3 charts at the moment 8:45 GMT My understanding it is Romar is above EMA on all 3 of charts so we are still in Downtrend. 1HR and 2HR is trending up but unless EMA crosses ROMAR on 1H...
Look Post 769.
Either I will find a way, or I will make one...
  • #14,993
  • Jan 4, 2019 12:12pm Jan 4, 2019 12:12pm
Before the red news I did not see the entrance. But two hours ago, the bar opened over the 61,8 fibo H2, purple crossed EMA H4, the graphics were synchronized and I saw the entrance that waited all day...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Д1 04,01,19.JPG Size: 173 KB
Click to Enlarge Name: Н1 04,01,19.JPG Size: 171 KB
Click to Enlarge Name: Н2 04,01,19.JPG Size: 180 KB
Click to Enlarge Name: Н4 04,01,19.JPG Size: 175 KB
Either I will find a way, or I will make one...
  • #14,994
  • Jan 4, 2019 12:28pm Jan 4, 2019 12:28pm
Quoting Lakers
{quote} Result +20 pips. Closed the trade 5 minutes before "USD CAD NFP" news. Evaluation The market is stuck between H2 EMA support and H2 61.8 resistance. H2 61.8 resistance wouldn't let us thru before the news. Dana always say our job as a trader is to make sure the TP is hit before any news, so this trade is no good.
That is correct - it is a losing trade because you had to manually close your trade. And that is what happens when you trade from center. Even if you have to reschedule your trading session then it is a must. You constantly pull the trigger from center and you constantly lose your trade. This means you have to learn how to work from either support or resistance; and NEVER from center.
The Dove - Forex Trainer
  • #14,995
  • Jan 4, 2019 2:18pm Jan 4, 2019 2:18pm
Quoting dove_alliance
{quote} That is correct - it is a losing trade because you had to manually close your trade. And that is what happens when you trade from center. Even if you have to reschedule your trading session then it is a must. You constantly pull the trigger from center and you constantly lose your trade. This means you have to learn how to work from either support or resistance; and NEVER from center.
Yes Dana understood. Got to learn how to trade from support and resistance or else it'd be like "Always from center".
  • #14,996
  • Jan 5, 2019 5:23am Jan 5, 2019 5:23am
Quoting Forbas
I went trough initial 205 pages but I could use some help. Clearly there was not enough time for me to sink in all the knowledge. Could someone just confirm something to me please ? I know it has been asked multiple times and also answered multiple times but most of it was with no screenshots just referring to what is happening at the very moment. Looking at this 3 charts at the moment 8:45 GMT My understanding it is Romar is above EMA on all 3 of charts so we are still in Downtrend. 1HR and 2HR is trending up but unless EMA crosses ROMAR on 1H...
Hi Forbas,

I would also advise you to read the whole thread.

In the first 205 pages all is explained, but when you read further, sometimes Dana is explaining certain set-ups / scenario's from a different angle. And other usefull posts like for example https://www.forexfactory.com/showthr...99#post9626799 or https://www.forexfactory.com/showthr...65#post9653065

And there are some rules in the first 205 pages, which I really understood later, reading another post with explaination in one of the other pages.

Keep in mind this is at least a 6 month journey.......

I hope this helps.
  • #14,997
  • Jan 5, 2019 7:14am Jan 5, 2019 7:14am
Quoting Pandakker
{quote} Hi Forbas, I would also advise you to read the whole thread. In the first 205 pages all is explained, but when you read further, sometimes Dana is explaining certain set-ups / scenario's from a different angle. And other usefull posts like for example https://www.forexfactory.com/showthr...99#post9626799 or https://www.forexfactory.com/showthr...65#post9653065 And there are some rules in the first 205 pages, which I really understood later, reading another post with explaination in one of the...
Thanks for the reply.

I am intending to read whole thread.

I have noticed myself a new things are keep popping out :-) every now and then.

I don't mind if this process will take even a year :-) This is nothing comparing to possibility of life changing scenario.

While I am reading from page 1 onward, sometimes I jump ahead for various reasons :-) Perhaps it is not a good idea but I can't help myself. It is like travel in time for me :-)

1 of this jumps I came across Dana post:

Quoting dove_alliance
.....The best way in learning is educate yourself about the scenarios in back testing. Take one scenario and learn the rules. Then back test 6-8 weeks and hunt down the scenario and study each one of the scenario as you are going through the weeks. Once you have that scenario down then move on to the next scenario and do the same. But the question is: how many of you have the desire and the heart of spending your free time during week-ends in learning and knowing thyself in this way? ....
I know I can back test this set ups and scenarios manually with just scrolling back and pressing F12 for each bar, but has anyone managed to back test H2 chart in MT4 tester ?

Regards
  • #14,998
  • Jan 5, 2019 7:58am Jan 5, 2019 7:58am
Hello.

First of all, I especially want to thank Mr. Dove for the excellent strategy that has changed and is changing our lives. For a long time, I have been studying the paradox behind the scenes. Due to poor English, I did not dare to write here (do not judge strictly).

Next week I plan to publish my Treding plans. Grateful to the teacher that he maintains a healthy learning atmosphere.

For Forbas, I would like to recommend Forex Blue, they have a stimulant that works on a one-hour and two-hour chart.https://www.fxblue.com/appstore/c2/trader-apps

Thanks to all!

Sergei.
  • #14,999
  • Jan 5, 2019 9:09am Jan 5, 2019 9:09am
Quoting Forbas
{quote} Thanks for the reply. I am intending to read whole thread. I have noticed myself a new things are keep popping out :-) every now and then. I don't mind if this process will take even a year :-) This is nothing comparing to possibility of life changing scenario. While I am reading from page 1 onward, sometimes I jump ahead for various reasons :-) Perhaps it is not a good idea but I can't help myself. It is like travel in time for me :-) 1 of this jumps I came across Dana post: {quote} I know I can back test this set ups and scenarios manually...
Hey Forbas!

I want to begin by saying that the following information has not been documented or confirmed by Dove, so I do not know if you should or should not do this. On this post Dove has given an indicator that he used in his Ranging tutorial a couple of posts earlier by using the H1 to show what happens in realtime. That is the indicator I am going to use here. Go ahead a download it from his post.

I would to like begin by saying that the information I am about to tell has not been verified by Dove or any other experienced trader. Therefore I do not know whether or not this is the correct way to achieve something like this. I also do not know how accurate it is. I guess Dove has to verify that.

If Dove or any other experienced trade tells me to take this down because it is incorrect, I will do so without question.

Now to the question. The method uses the an indicator that Dove has given in this post in which he used to create a ranging tutorial in "realtime" for other traders. In his ranging tutorial (a few posts earlier than the one i linked) he uses the H1 to describe has occurs. Therefore I do not know if this is a correct way of doing it. However, here goes.

The annoying part is that if you want to backtest a few years back, you need good data in order to be accurate. Just keep that in mind.

Download the "LFH_Trading_Simulator_3.ex4" from Dove's post and install it into the indicators folder. You also need the "Period_Converter_Opt.ex4" indicator, however, since you are learning the Paradox I assume you already have that indicator installed into your MT4 client.

Be aware that I completely installed a new instance of Metatrader 4 on my computer when I did this in order to avoid corrupting the Paradox (in case it does, I do not know). Keep that in mind.

 

  1. In metatrader 4, on the menubar, press View -> Strategy Tester.
  2. Choose "LFH_Trading_Simulator_3.ex4" in the expert advisor.
  3. Choose Symbol EURJPY
  4. Choose Model "Open prices only (...)"
  5. Check "Use date" and specify the dates you want to backtest. Important: In order to not get corrupted data on the Daily, you have to choose a date that is e.g. 1 year earlier than the one you want to backtest. You will understand later.
  6. Check Visual mode with a speed of 24 or lower. (Too high the client freezes with the Paradox indicators active).
  7. Choose Period: H1
  8. Press the button "Start" and then immediately press "Pause/Break" on the keyboard. That will pause the tester from showing new bars.
  9. Now open the other timeframes (H2, H4 and Daily) as offline charts. Go to menubar -> File -> Open offline. If you do not have those timeframes in the "Open Offline Chart" window, then you have to create them. You do so by opening up a normal H1 EURJPY chart. Drag the Period_Converted_Opt onto the chart three times. Modify the "PeriodMultiplier" in the Inputs tab of the indicator to 2, 4, 24 each time. Then simply close the H1 chart you opened. Now, you open the offline chart timeframes (H2, H4, Daily).
  10. With all of the charts open, press the "Skip To" button with the correct date you want to backtest. This is why you made the date 1 year earlier earlier. Then press F12 with the H1 chart in focus to update the charts with the new date you skipped to.
  11. Enable the appropriate templates on each chart. Example: H1 chart should have template Paradox_H1.
  12. Drag the indicator "Period_Converted_Opt" (Given by Dove) onto the H1 two times.
    First time for the H4 chart: Multiplier = 4
    Second time for the Daily: Multiplier = 24
  13. Now you are ready to backtest by pressing F12 to step forward one bar at a time. Note that you must have the H1 chart in focus when pressing F12, otherwise nothing happens. Also remove the DB/SAR from H1 chart. As Dove has said, they should not be there.

Issues that might occur:

Issue: H1 Parabolic is bugged at the absolute bottom.
Solution: Re-Apply the H1 template.

Issue: Period Converter stops working
Solution: Enable "Allow DLL imports" and you are need to be logged into an account for it to work.

Hopefully it was to some help!

Images showing backtesting on date 2018.12.20

Attached Image(s) (click to enlarge)
Click to Enlarge Name: Daily backtest.png Size: 75 KB
Click to Enlarge Name: H4 backtest.png Size: 68 KB
Click to Enlarge Name: H2 backtest.png Size: 79 KB
Click to Enlarge Name: H1 backtest.png Size: 77 KB
  • #15,000
  • Jan 5, 2019 10:52am Jan 5, 2019 10:52am
Use this one :

http://soft4fx.com/software/forex-simulator.php


see post 10390 and 10391
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