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My Day Trading System (MDTS) in trend following

  • #221
  • Jun 13, 2019 8:32am Jun 13, 2019 8:32am
Hi, Sriloba! May be will be better to get a look back to My Day Trading System - there are several versions in order to complete the system. I've just went through this site and I think there is a bit more oportunities.
  • #222
  • Jun 13, 2019 8:36am Jun 13, 2019 8:36am
Quoting sriloba
{quote} Hi, If you don't like MTF_XXX indicator you can confirm in the time frame itself (H4_H1). Sai Ram
The problem of the MTF indicators is that while we are waiting the confirmation the pips were blown. Never mind how we are choosing to use them - on H4 there are 4 hours period, while we have to wait to confirm.
  • #223
  • Edited 9:03am Jun 13, 2019 8:42am | Edited 9:03am
Hi,

Here is the system I'm testing.

H4: Trend
-5/10 cross up and confirmed by RSI is above 50 and Stochastic cross up

H1 or M30: Waiting for a maximum of pullback
-CCI must be below -100

M15: Trigger
1) 5/10 cross up and confirmed by the points followed below:
2) RSI(H4) is above 50
3) RSI(H1) is above 50
4) RSI(M15) is above 50
5) Stoch cross up
6) Macd Histogram is below zero then increase value.

Buy= 1)+2)+3)+4)+5)+6)


Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: BUY.png Size: 108 KB
Attached File(s)
File Type: tpl MDTS_(RSI_Filter).tpl   7 KB | 238 downloads
File Type: rar MDTS1.rar   295 KB | 245 downloads
Being a fxtrader is not easy. Ones must working hard.
  • #224
  • Jun 13, 2019 8:58am Jun 13, 2019 8:58am
Quoting sriloba
Hi, Here is the system I'm testing. H4: Trend -5/10 cross up and confirmed by RSI is above 50 and Stochastic cross up H1 or M30: Waiting for a maximum of pullback -CCI must be below -100 M15: Trigger 1) 5/10 cross up 2) RSI(H4) is above 50 3) RSI(H1) is above 50 4) RSI(M15) is above 50 5) Stoch cross up 6) Macd Histogram is below zero then increase value. Buy= 1)+2)+3)+4)+5)+6) Sai Ram {file} {file} {image}
Thank you, very much, Sriloba for sharing! I'll test and I'll write down about the results!
  • #225
  • Jun 13, 2019 9:06am Jun 13, 2019 9:06am
Quoting NatashaM
{quote} Thank you, very much, Sriloba for sharing! I'll test and I'll write down about the results!
Hi,


I think the last system_RSI Filter that we are testing seems to be much better than the system_Forces Filter.





Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #226
  • Jun 13, 2019 9:23am Jun 13, 2019 9:23am
Hi,


I wait for the conditions to sell





Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: SELL.png Size: 120 KB
Being a fxtrader is not easy. Ones must working hard.
  • #227
  • Jun 13, 2019 9:36am Jun 13, 2019 9:36am
Quoting sriloba
Hi, I wait for the conditions to sell Sai Ram {image}
It would be more safer the retracement on H1 to reach up to 100 level. Yes, we see a retracement on M30, but in my opinion it is a bit risky.
  • #228
  • Jun 13, 2019 9:41am Jun 13, 2019 9:41am
GBPJPY - it is better - we see CCI up to 100 level - it's time to watch it near and be ready for entry
  • #229
  • Jun 13, 2019 12:18pm Jun 13, 2019 12:18pm
Hi,

The system that I was using 10 years ago called Cowabunga.

You can find in this website:https://www.babypips.com/trading/so_...d_the_school_o

You can learn yourself the whole system written by the author.

I had modified a lot some parts of the system to fit my personality.

Until I found the 3 screens of Alexander Elder system.

What I did on the Cowabunga system is implementing the alignment. I had use HA, QQE, Stochastic, MAs, Forces as an alignment. Those alignments improved my

trades significantly in the past years. But I did not test with RSI until last week.

I use RSI(9) from H4_H1_M15 to align in the same direction combined with other indicators. I found the results were better.

I will see some more trades.


Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #230
  • Jun 13, 2019 1:40pm Jun 13, 2019 1:40pm
Quoting sriloba
Hi, The system that I was using 10 years ago called Cowabunga. You can find in this website:https://www.babypips.com/trading/so_...d_the_school_o You can learn yourself the whole system written by the author. I had modified a lot some parts of the system to fit my personality. Until I found the 3 screens of Alexander Elder system. What I did on the Cowabunga system is implementing the alignment. I had use HA, QQE, Stochastic, MAs, Forces as an alignment. Those alignments improved my trades significantly in the past years. But...
I can not open the link?!
  • #231
  • Jun 13, 2019 1:56pm Jun 13, 2019 1:56pm
Quoting sriloba
Hi, The system that I was using 10 years ago called Cowabunga. You can find in this website:https://www.babypips.com/trading/so_...d_the_school_o You can learn yourself the whole system written by the author. I had modified a lot some parts of the system to fit my personality. Until I found the 3 screens of Alexander Elder system. What I did on the Cowabunga system is implementing the alignment. I had use HA, QQE, Stochastic, MAs, Forces as an alignment. Those alignments improved my trades significantly in the past years. But...
Thank you, Sriloba for your sharing. I think the system is very promissing now - I mean this latest version. I will test it too and share to everyone who is interested in. GBPJPY really moved 22 pips in our SHORT direction. USDCHF, USDCAD - LONG - about 17 - 20 green pips - it seems really promissing - we'll see when LONDON opens.
  • #232
  • Jun 13, 2019 2:24pm Jun 13, 2019 2:24pm
Quoting NatashaM
{quote} I can not open the link?!
Hi,

https://www.babypips.com/trading/for...bunga-20190613

Scroll this page to the bottom you will see read this first Click it. Then you will see the whole system




Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #233
  • Jun 13, 2019 3:23pm Jun 13, 2019 3:23pm
Quoting sriloba
{quote} Hi, https://www.babypips.com/trading/for...bunga-20190613 Scroll this page to the bottom you will see read this first Click it. Then you will see the whole system Sai Ram
Thank you very much! I'll read it and try to understand it.
  • #234
  • Jun 13, 2019 3:29pm Jun 13, 2019 3:29pm
Quoting NatashaM
{quote} Thank you very much! I'll read it and try to understand it.
Hi,


If you have a doubt on the Cowabunga system please feel free to ask in this thread.

Because I had read it a million time during my first 3 years of trading.

You have to understand properly the entry in M15, especially Macd histogram.

Because the trade GBPJPY that you have taken you have broken the rule.

Anyway, the rules are here to be broken as the author said.




Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #235
  • Jun 13, 2019 4:36pm Jun 13, 2019 4:36pm
Quoting sriloba
{quote} Hi, If you have a doubt on the Cowabunga system please feel free to ask in this thread. Because I had read it a million time during my first 3 years of trading. You have to understand properly the entry in M15, especially Macd histogram. Because the trade GBPJPY that you have taken you have broken the rule. Anyway, the rules are here to be broken as the author said. Sai Ram
Yes, I understand what do you mean - on M15 - MACD has JUST to BEGIN to increase its value /for BUY/. Otherwise we may consider that the price is possible already had running out, it had exhausted. Thank you for your notice, I didn't make a serious sense. But it is a part of the system and I must have in mind! Because in other cases it may be of a great significance.
Thank you.
  • #236
  • Edited 5:12pm Jun 13, 2019 4:51pm | Edited 5:12pm
Quoting NatashaM
{quote} Yes, I understand what do you mean - on M15 - MACD has JUST to BEGIN to increase its value /for BUY/. Otherwise we may consider that the price is possible already had running out, it had exhausted. Thank you for your notice, I didn't make a serious sense. But it is a part of the system and I must have in mind! Because in other cases it may be of a great significance. Thank you.
Hi,


Your understanding is fast.

When we follow strictly the rules we can save some bad trades. Also, Macd serves as a good filter.

But if you don't like Macd as a filter I have something in mind for the entry in M15.

Let me show you.

H4: Downtrend

M15:
1) wait for price breaks above 5 ema_high (H1)
2) At the same time, CCI is above 100
Sell when :
3) Price breaks below 20 EMA
4) RSI(H4) is below 50
5) RSI(H1) is below 50
6) RSI(M15) is below 50
7) Stochastic is trending down



Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: SELL.png Size: 103 KB
Attached File(s)
File Type: tpl MDTS1.tpl   8 KB | 269 downloads
File Type: rar MDTS1.rar   295 KB | 266 downloads
Being a fxtrader is not easy. Ones must working hard.
  • #237
  • Jun 14, 2019 2:52am Jun 14, 2019 2:52am
Hi,


I went SHORT on GBPUSD.

All the conditions were met.

Sell GBPUSD, TP @20 pips from the entry, Stop Losses@the most recent high.

Let's see...




Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: SELL.png Size: 79 KB
Being a fxtrader is not easy. Ones must working hard.
  • #238
  • Jun 14, 2019 5:33am Jun 14, 2019 5:33am
Quoting sriloba
Hi, I went SHORT on GBPUSD. All the conditions were met. Sell GBPUSD, TP @20 pips from the entry, Stop Losses@the most recent high. Let's see... Sai Ram {image}
Hi,

GBPUSD is exited by TP is reached with +23 pips.




Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: SELL.png Size: 89 KB
Being a fxtrader is not easy. Ones must working hard.
  • #239
  • Jun 14, 2019 6:25am Jun 14, 2019 6:25am
Quoting sriloba
{quote} Hi, GBPUSD is exited by TP is reached with +23 pips. Sai Ram {image}
Hi, but the conditions for a full retracement on H1 were not fullfiled - CCI didn't reach 100 level neigther on H1, nor on M30. Conditions are met by the original Cowabunga system, which has no in mind the H1 retracement. I think it will be better for us to consider H1 retracement in order to have a higher probability.
In your case the results are exellent and it's OK, but we have to test the system in the both cases - with and without retracement on H1 in order to be more ensured in trading.
  • #240
  • Jun 14, 2019 6:27am Jun 14, 2019 6:27am
Quoting sriloba
{quote} Hi, Your understanding is fast. When we follow strictly the rules we can save some bad trades. Also, Macd serves as a good filter. But if you don't like Macd as a filter I have something in mind for the entry in M15. Let me show you. H4: Downtrend M15: 1) wait for price breaks above 5 ema_high (H1) 2) At the same time, CCI is above 100 Sell when : 3) Price breaks below 20 EMA 4) RSI(H4) is below 50 5) RSI(H1) is below 50 6) RSI(M15) is below 50 7) Stochastic is trending down Sai Ram {image} {file} {file}
Thanks, Sriloba for sharing the new templete. I'll test it too and share too.
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