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The Paradox System

  • #15,041
  • Jan 13, 2019 7:17am Jan 13, 2019 7:17am
Quoting AuMan
Use this one : http://soft4fx.com/software/forex-simulator.php see post 10390 and 10391
I would like to thank you for pointing me to this simulator. This is absolutely FANTASTIC tool.

I am writing it as this might be a helpful tip for all of us who are catching up with the old posts when everyone was learning to do daily plans. This simulator allows to create and simulate live all 4 charts (including H2) and on the top of this it shows you historical red events for the relevant pairs USD, EUR, JPY or any you will pick.

What I did was I set the tester back to 13 March 2016 when Dove introduced full daily plan and I just follow from there. I noticed creating plans and been able to compare it with the rest and then get explanations from Dove why they worked or not is priceless. Not mention the excitement when you get the everything right and cash this 40 pips.

I am using demo version which has limit of 4 trades per simulation, but if you wont make this trades automatically, instead just set the horizontal lines manually for your entry SL and TP you can carry on like this till present day.

I feel like I am progressing this way a lot faster then without it.
If anyone wants to try it and have problems installing it PM me and I will be happy to help.

As soon as I feel confident my knowledge of the system allows me to join the conversation here I will start posting my plans. Until then I will remain in shadow :-)

So Again AuMan - THANK YOU to point this SUPERB tool to me.


Happy Pips everyone.
  • #15,042
  • Jan 13, 2019 2:00pm Jan 13, 2019 2:00pm
Tomorrow Bank Holiday in Japan. I am guessing this will affect badly the movement of the EURJPY ?
  • #15,043
  • Jan 13, 2019 2:12pm Jan 13, 2019 2:12pm
Quoting Forbas
Tomorrow Bank Holiday in Japan. I am guessing this will affect badly the movement of the EURJPY ?
The banks are on holiday - not the prop traders.
The Dove - Forex Trainer
  • #15,044
  • Jan 13, 2019 4:08pm Jan 13, 2019 4:08pm
It's Been a while and I'm abit rusty but here goes...

EURJPY Date: 13-14/01/19
News: No major impact news, JPY bank holiday.

Daily:
ROMAR: Resistance
EMA: Resistance
PSAR: Support, On Friday close.

Checklist:

Last MACD 0 crossing: up
Lat EMA alert arrow: down
Last DB attachment: bottom 118.765, sar 125.080.
Fibo: green and up

Notes: 4hm turning up with purple about to cross ema for the support. Friday saw purple holding support with sar holding resistance, attached at the psar resistance. With Fridays close turning psar into support, we could see a potential further move up,


4HR:

ROMAR: Resistance
EMA: Support/Resistance
PSAR: Resistance

Checklist:

Last MACD 0 crossing: Down
Last DB attachment: Down
Fibo: Red and down

Notes: 4hm moving sideways, with bbs flatlined and h4 romar holding the resistance on Friday, ushing the market down, with market moving in a range against romar resistance all week, last week. Db/ sar connected together at the bottom with LSB divergence.


2HR:
Opening Price:
ROMAR: Support
EMA: Resistance
PSAR: Resistance

Checklist:

Last MACD 0 crossing: down
Lat EMA alert arrow: down
Last DB attachment: bottom 124.225 with sar attachment 124.503 (current friday close candle)
Fibo: green and up

Notes: 4hm turned down, with market piercing lower BB with lime green price box, and LSB divergence, Romar currently still support and market consolidating below it. H2 has been in romar ranging all last week.

1HR:

ROMAR: Resistance
EMA: Resistance
PSAR: Resistance.

Checklist:

Last MACD 0 crossing: down
Lat EMA alert arrow: down
Fibo: green and up

Notes: 4hm turned down, with ema crossing romar down. Market closed just below ema resistance, with purple/ white ready for the crossing up.


Final Notes: h1 down, h2 turning down, h4 turned down , daily turned up. Will look to buy if there is a gap down, this is because of the ranging mode we saw last week, and with purple ema cross up for the confluence to continue the range for the db connection up. If there is a gap up I will wait for a hit on support to enter long.

Entry: entered with market open with a gap 10 pips below. I entered even after the huge spread to catch the ranging mode back up.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 70 KB
  • #15,045
  • Jan 13, 2019 4:19pm Jan 13, 2019 4:19pm
Quoting SuchParadox
It's Been a while and I'm abit rusty but here goes... EURJPY Date: 13-14/01/19 News: No major impact news, JPY bank holiday. Daily: ROMAR: Resistance EMA: Resistance PSAR: Support, On Friday close. Checklist: Last MACD 0 crossing: up Lat EMA alert arrow: down Last DB attachment: bottom 118.765, sar 125.080. Fibo: green and up Notes: 4hm turning up with purple about to cross ema for the support. Friday saw purple holding support with sar holding resistance, attached at the psar resistance. With Fridays close turning psar into support, we could see...

Just realised My Take profit is above the 61.8, which may be a big problem, however I will follow the rules and stick with the trade.
  • #15,046
  • Jan 13, 2019 8:34pm Jan 13, 2019 8:34pm
Quoting SuchParadox
It's Been a while and I'm abit rusty but here goes... EURJPY Date: 13-14/01/19 News: No major impact news, JPY bank holiday. Daily: ROMAR: Resistance EMA: Resistance PSAR: Support, On Friday close. Checklist: Last MACD 0 crossing: up Lat EMA alert arrow: down Last DB attachment: bottom 118.765, sar 125.080. Fibo: green and up Notes: 4hm turning up with purple about to cross ema for the support. Friday saw purple holding support with sar holding resistance, attached at the psar resistance. With Fridays close turning psar into support, we could see...
This trading plan is without merit. Everything on your trading plan has to do with Friday's history and nothing to do with today's opening moment. Fridays's history is obsolete and useless when you have a new bar. And you should know that. And what blew me away was going long with ROMAR at the H2 EMA for the short. The H1 ROMAR already for the short, and the H4 already in for the short; with the Daily ROMAR short and the market below EMA with the Parabolic 100 pips as support. Good luck.
The Dove - Forex Trainer
  • #15,047
  • Jan 13, 2019 8:42pm Jan 13, 2019 8:42pm
Quoting dove_alliance
{quote} This trading plan is without merit. Everything on your trading plan has to do with Friday's history and nothing to do with today's opening moment. Fridays's history is obsolete and useless when you have a new bar. And you should know that. And what blew me away was going long with ROMAR at the H2 EMA for the short. The H1 ROMAR already for the short, and the H4 already in for the short; with the Daily ROMAR short and the market below EMA with the Parabolic 100 pips as support. Good luck.
Yes you are right, I completely misread the situation with my mind still on Friday, completely overlooking the moment. I already know the outcome and I must say I should have known better.
  • #15,048
  • Jan 13, 2019 9:11pm Jan 13, 2019 9:11pm
Quoting TyD
{quote} 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...

Hai TyD,


Thanks alot for this post since i am having problem with back testing using the software. On weekend i tried to scroll chart up to 2016-2017 by downloading the data from history center. But i found that the bar is different with chart posting on the thread (downloaded data), then i check a few days chart on my MT4 is the same with chart posted (chart is correct). By manual downloading from history center, the history data is not correct and i am having difficulty following this thread from beginning page. Do you have a suggestion for my problem, i will do back test using the simulator but my data should correct first. thanks before...

yuda
  • #15,049
  • Jan 13, 2019 9:28pm Jan 13, 2019 9:28pm
Quoting SuchParadox
It's Been a while and I'm abit rusty but here goes... EURJPY Date: 13-14/01/19 News: No major impact news, JPY bank holiday. Daily: ROMAR: Resistance EMA: Resistance PSAR: Support, On Friday close. Checklist: Last MACD 0 crossing: up Lat EMA alert arrow: down Last DB attachment: bottom 118.765, sar 125.080. Fibo: green and up Notes: 4hm turning up with purple about to cross ema for the support. Friday saw purple holding support with sar holding resistance, attached at the psar resistance. With Fridays close turning psar into support, we could see...
Evaluation: SL hit -40. This was a very bad trade with many mistakes, I anticipated what i though would happen and got burnt very quickly. I completely disregarded the downtrend in favour of my own ego and i have no one to blame but myself. I have to study further about situations in ranging, and stop trading against the trend of the moment. As Dana stated everything was showing the down, but i only wanted to see what I felt like. It's clear to me that I still have a long ways to go. And hopefully this trade is a deep lesson of the importance of being in the moment and not anticipating or looking at the past.
  • #15,050
  • Jan 13, 2019 9:50pm Jan 13, 2019 9:50pm
Quoting SuchParadox
{quote} Evaluation: SL hit -40. This was a very bad trade with many mistakes, I anticipated what i though would happen and got burnt very quickly. I completely disregarded the downtrend in favour of my own ego and i have no one to blame but myself. I have to study further about situations in ranging, and stop trading against the trend of the moment. As Dana stated everything was showing the down, but i only wanted to see what I felt like. It's clear to me that I still have a long ways to go. And hopefully this trade is a deep lesson of the importance...
What makes this the very best evaluation I have ever read is the openness, the honesty, and without excuses. And I thank you for showing your heart.
The Dove - Forex Trainer
  • #15,051
  • Jan 14, 2019 1:22am Jan 14, 2019 1:22am
Trading plan 13/01/2019
Economic news : no
Daily
ROMAR - resistance
EMA -
Parabolic - support
Last DВ and SAR Attachment – up at 125.080
Fibonacci – green. Purple in EMA. Riders are pointing up
H4
ROMAR - resistance
EMA - resistance
Parabolic - resistance
Last DB and SAR Attachment – down at 123.945 (standards diver)
Fibonacci – red. Riders are pointing down
H2
ROMAR – resistance
EMA –resistance
Parabolic- resistance
Checklist:
Last DB Attachment – down at 123.945 (with a gold diver)
Fibonacci – green. Riders are pointing down H1 ROMAR - resistance
EMA - - resistance
Parabolic- resistance
Fibo – green. Riders are pointing down
We are have consolidated downtrends because fibo green/red and Daily purple in EMA, Parabolic – support Daily
Rules for downtrends: a: ROMAR and EMA must be in sync on both 1 and 2 hour to trade short.
b: The 1 hour is your reference chart with the 2 hour trend chart. c: Trades are made from the resistance area to go short.
I do not have 40 points to Fibo 0 H2. I am waiting for a rollback to support to enter sales.
Either I will find a way, or I will make one...
  • #15,052
  • Edited 3:41am Jan 14, 2019 2:00am | Edited 3:41am
Session: January 14th, 2019 EUR/JPY.
Red News: none

Daily
Romar: Resistance
EMA: Resistance/Support
Parabolic: Support
EMA last arrow: DOWN, MACD: UP

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
The Daily is showing SAR at the top, and then made a down move causing the new candles to open below EMA and the Parabolic is support. Because of the candles opening below EMA it can cause EMA Purple to cross for the down making Romar EMA in sync for the down on all charts.(edited)

H1 H2 H4 final note
H1 H2 H4 are all pointing for the down, but H4 is the only chart without the hidden Divergence. H4 is out of balance with Purple, since the last 5 candles.

Market type
Down swing / Downtrend

Projected entry
Looking to short at resistance, when the market is down swinging / down trending we can use any 4 horsemen to make an entry. Will go short when market touches H4 Purple.
  • #15,053
  • Jan 14, 2019 2:45am Jan 14, 2019 2:45am
Quoting Lakers
Session: January 14th, 2019 EUR/JPY. Red News: none Daily Romar: Resistance EMA: Resistance/Support Parabolic: Support EMA last arrow: DOWN, MACD: UP 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 The Daily is showing SAR at the top, and then made a down move causing the new candles to open below EMA and the Parabolic as support. Because of the candles opening...
Entry with rules/confluences

  1. When the market is down swinging / downtrend we can use any horsemen for an entry into the trend.
  2. Entered mid-candle at H4 Purple resistance, H2 Smooth / 23.6 resistance.
  3. H1 H2 H4 are all pointing for the down, and their Romar trend in sync for the down.
  4. TP is before Daily Parabolic support, and H4 61.8 support.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 78 KB
  • #15,054
  • Jan 14, 2019 5:18am Jan 14, 2019 5:18am
Quoting Lakers
{quote} Entry with rules/confluences When the market is down swinging / downtrend we can use any horsemen for an entry into the trend. Entered mid-candle at H4 Purple resistance, H2 Smooth / 23.6 resistance. H1 H2 H4 are all pointing for the down, and their Romar trend in sync for the down. TP is before Daily Parabolic support, and H4 61.8 support. {image}
Result
+40 pips

Evalution
I wanted to wait for a retrace to H4 Purple for the best possible entry because during that time H4 had multiple candles without the touch of Purple, and if I remember correctly the Paradox doesn't like to stay away from Purple without touching it for too long.
H2 Fibs 23.6 resistance is a strong level for an entry during a down swing / downtrend market type and confluence with H4 Purple resistance worked out well.
But earlier Dana gave away the big picture so I'm not sure if I would have seen the big picture the same way, but we needed to find the entry.
  • #15,055
  • Jan 14, 2019 8:28am Jan 14, 2019 8:28am
Quoting yudapranata
{quote} Hai TyD, Thanks alot for this post since i am having problem with back testing using the software. On weekend i tried to scroll chart up to 2016-2017 by downloading the data from history center. But i found that the bar is different with chart posting on the thread (downloaded data), then i check a few days chart on my MT4 is the same with chart posted (chart is correct). By manual downloading from history center, the history data is not correct and i am having difficulty following this thread from beginning page. Do you have a suggestion...
Hey yuda

Yes, this seems to be a common issue with backtesting and simulating. The data is not live. I cannot speak for the simulator because I have not tried it.
This post will not contains any information that you want to hear sadly.

Downloading data is a nono because the data is not from Forex.com broker.
Using the "Download" button in the history center in MT4 is also a nono because it yields in bad data (don't know why).

As far as I know, there is only one way to retrieve accurate data from a broker and that is following the steps on this post: https://www.mql5.com/en/forum/124619#comment_3253773
That method will only yield in a set number of bars for each timeframe. Therefore, you will only receive bars dated back to 2016.02.23 doing it on the H1 at this moment.

However, now another issue appear that was touched a little upon in my previous post (1 year backwards, then skip 1 year forward). The Paradox indicators are unable to handle a sudden start of history bar data (look at the attached image, see the e.g. ROMAR and Parabolic on the left).
Therefore, the indicators get corrupt for a specific amount of time until that have had the time to balance with the market movement.
This causes you to not be able to trade for approx. the first 6 months with uncorrupted indicators on the H2.

Now believe it or not, but, now another issue appears. Due to the way the simulation method I described works (using offline charts), the H4 and Daily gets the H1 data ONLY. Causing the Daily and H4 to be corrupt because it does not have much history at all. So you'd have to modify the histories manually to add accurate H4 and Daily data onto the H1 data and make it act like data for every timeframe.

So, to conclude, due to the fact that Paradox requires accurate and uncompromised data there really is no good way to backtest with accurate data due to the fact that Forex.com only gives out a set number of bars for each timeframe. It is wayy too much hassle to figure out and set up properly. I would advise against it and spend that time studying instead.

Now, there is one thing that might be possible and worth it. It is if a trader who has used the Forex.com broker since 2015 or earlier can export their history to other traders to use in backtest simulating. This requires that the data has not been disrupted with.

If anyone has any info or better solutions, feel free to hop in add to the discussion.
Attached Image (click to enlarge)
Click to Enlarge Name: H2 corrupt data.PNG Size: 98 KB
  • #15,056
  • Jan 14, 2019 9:54am Jan 14, 2019 9:54am
Quoting TyD
{quote} If anyone has any info or better solutions, feel free to hop in add to the discussion. {image}
I have been using this: http://soft4fx.com/software/forex-simulator.php
It was recommended by AuMan.

Once installed you can download data from different data centers, if I am not mistaken it was choice of 2 or 3. I have chosen "dactoscopy" I can't remember the name properly it is possible I did horribly misspelled it :-)

The data downloaded is tick by tick. So you could even simulate it in real time.

You can chose whatever period of time you like. It is true that you have to have like few months past data in order for Paradox indicators to work properly. I was compering lots of charts H1, H2, H4 and daily and although it is not data from the forex.com it does not differ that much and major points like DB or SAR attachments or fibo flips are almost same. For example on forum DB attachment could be at 125.111 on simulator charts it would be something like 125.121 so the differences are not huge and you can easily live with them

Obviously I can not check are the all indicators work properly. Definitely The MA lines are out of sync. For what I needed it was enough for me:-)

I hope this helps.

If you want I can compare some of the historical images from forum with the images from the simulator so you can see the difference yourself and decide are you willing to accept it or not.
  • #15,057
  • Jan 14, 2019 10:03am Jan 14, 2019 10:03am
Quoting Forbas
{quote} I have been using this: http://soft4fx.com/software/forex-simulator.php It was recommended by AuMan. Once installed you can download data from different data centers, if I am not mistaken it was choice of 2 or 3. I have chosen "dactoscopy" I can't remember the name properly it is possible I did horribly misspelled it :-) The data downloaded is tick by tick. So you could even simulate it in real time. You can chose whatever period of time you like. It is true that you have to have like few months past data in order for Paradox...
Yeah, if it is not too much hassle for you, I'd love to see the comparison between your simulation and the image on this post.

Thanks!
  • #15,058
  • Jan 14, 2019 10:24am Jan 14, 2019 10:24am
Quoting TyD
{quote} Yeah, if it is not too much hassle for you, I'd love to see the comparison between your simulation and the image on this post. Thanks!
not a problem. As I said not exactly same thing but very close, at least in my opinion.

Hope this will help.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: 17janh2.png Size: 73 KB
  • #15,059
  • Jan 14, 2019 10:35am Jan 14, 2019 10:35am
Quoting Forbas
{quote} not a problem. As I said not exactly same thing but very close, at least in my opinion. Hope this will help. Regards {image}
For one thing that indicator you had added to the Paradox is not legitimate and will knock out your data. I stated in the beginning do not add or take away anything on the charts - if you do you will have problems.
The Dove - Forex Trainer
  • #15,060
  • Jan 14, 2019 10:40am Jan 14, 2019 10:40am
Quoting dove_alliance
{quote} For one thing that indicator you had added to the Paradox is not legitimate and will knock out your data. I stated in the beginning do not add or take away anything on the charts - if you do you will have problems.
Nothing has been added. This is just the control panel for the simulator. It comes with it and can't be disabled.

All I did was applied standard H2 template to this chart.

On my demo account there is nothing added and never will be as I can understand how this can compromise all the indicators.

I would never intentionally broke the rules :-)

Regards
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