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  • #1,341
  • Sep 1, 2019 4:06am Sep 1, 2019 4:06am
Hey guys,

so i've been back testing this over the weekend with many different scenarios from trading sessions, to only taking full profit at TP1, ignoring Asian sessions completely now i know back testing this will be slightly different to future results as the trend indicator may be different to whats already been printed, but:

1. ignoring all signals from Asian session even if lets say you have buy signal from previous day to then readjust to new signal for new day, i didn't do that.
2. trading only from London open to market close.
3. taking full profit at TP1.
4. always following the trend indi, even if 1 step either side in same direction
5.will only take signals if 10 pips or more away from TP1 (every pip counts)
6. not taking trades that are 15-20 pips from trend bands.

With this in mind i put all results in excel sheet per pair, per week and i was getting an average of 900 pips per week and averaging 3000+ pips month over month, now as we're in a new month i will be utilizing this over the coming month to see if i can replicate these results.

What i forget to add also, working out the draw downs i was able to put together a money management play which i will set up demo to try this out.

Ģ1000 0.05 lots
Ģ2500 0.13 lots
Ģ5000 0.25 lots
Ģ10,000 0.50 lots
and so on and so forth
  • #1,342
  • Sep 1, 2019 4:11am Sep 1, 2019 4:11am
Quoting DrDave
{quote} When you are making trading decisions IN REAL TIME, it does not matter that the indicator redraws LATER, after you already made your decision. Redrawing is only a problem if you want to SCROLL BACK to look at OLD INFORMATION or to run an automated back test.
But all 8 losses and 16 of 18 BE trades, the bands were not in place afterwards. Obviously it does matter to me. Cause a redraw later means that my trades did not succeed. Itīs just a matter of how you look at it.
  • #1,343
  • Sep 1, 2019 4:21am Sep 1, 2019 4:21am
Quoting leweg1
Hey guys, so i've been back testing this over the weekend with many different scenarios from trading sessions, to only taking full profit at TP1, ignoring Asian sessions completely now i know back testing this will be slightly different to future results as the trend indicator may be different to whats already been printed, but: 1. ignoring all signals from Asian session even if lets say you have buy signal from previous day to then readjust to new signal for new day, i didn't do that. 2. trading only from London open to market close. 3. taking...
What risk/reward ratio are you using?
  • #1,344
  • Sep 1, 2019 4:25am Sep 1, 2019 4:25am
Quoting ppwest
{quote} What risk/reward ratio are you using?
so depending if long or short,

Long: Sl at first green line, TP at first red line

Short: Sl at first red line, TP at first green line

Same lots all round just based on acc balance as i said above, with this there's no SL adjustments its either TP hit or SL hit simple.

i will however change SL and TP if new signal next day that meets above requirements and falls within London and end of day session.
  • #1,345
  • Sep 1, 2019 5:26am Sep 1, 2019 5:26am
Quoting Yenom
{quote} But all 8 losses and 16 of 18 BE trades, the bands were not in place afterwards. Obviously it does matter to me. Cause a redraw later means that my trades did not succeed. Itīs just a matter of how you look at it.
You just stated the obvious! Of COURSE the bands moved AFTER you placed you trade. They adjust to the price action. If you follow the rules and at the moment you entered the trade all criteria for entry were met, then what is the problem? You cannot go back later and try to analyze the trades, whether winners or losers, because the bands have changed and, unlike price, the calculations for the bands not only look back many bars, but UPDATE for many bars back.

This is like a 5-minute bar that is forming. For 5 whole minutes, the high, low, and close are changeable-- they are REDRAWING!
So adjust your thinking about the bands the same way--until some large number of bars pass (might be 200 or even 1000), the band's are not "closed" for maybe 100 bars back! (I don't know the exact number; ask BTM.) Just like the 5-minute bar not closed for 5-minutes. But if you go back FURTHER than the number of bars used for the bands to be "open", they cannot redraw anymore.
To free Gazans of Hamas, use whatever it takes.
  • #1,346
  • Sep 1, 2019 5:30am Sep 1, 2019 5:30am
The bands don't move that much. I have been documenting movement for the last 6 weeks and it is marginal at best, and doesn't affect my entries on which I am making consistent wins, thanks again for sharing
life is a reflection of what we allow ourselves to see
  • #1,347
  • Sep 1, 2019 6:49am Sep 1, 2019 6:49am
Quoting DrDave
{quote} You just stated the obvious! Of COURSE the bands moved AFTER you placed you trade. They adjust to the price action. If you follow the rules and at the moment you entered the trade all criteria for entry were met, then what is the problem? You cannot go back later and try to analyze the trades, whether winners or losers, because the bands have changed and, unlike price, the calculations for the bands not only look back many bars, but UPDATE for many bars back. This is like a 5-minute bar that is forming. For 5 whole minutes, the high, low,...
Man, you can write so much but mean almost nothing. Didnīt I state the obvious when I said " Itīs just a matter of how you look at it."?
  • #1,348
  • Sep 1, 2019 7:37am Sep 1, 2019 7:37am
Quoting Yenom
{quote} Man, you can write so much but mean almost nothing. Didnīt I state the obvious when I said " Itīs just a matter of how you look at it."?
For people that are extraordinarily dense, everything means almost nothing.
To free Gazans of Hamas, use whatever it takes.
  • #1,349
  • Sep 1, 2019 8:31am Sep 1, 2019 8:31am
Quoting Degolep
{quote} https://www.youtube.com/watch?v=5sGw_yrrnzo I am using it since november 2018. Got a few months left free
They have changed their term of service now. They only give customer 1 month Free VPS on ( 1 vCPU, 512MB Memory, 30GB SSD and 1 TB Transfer) which is $8 free for the first month.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #1,350
  • Sep 1, 2019 2:26pm Sep 1, 2019 2:26pm
Quoting Yenom
{quote} But all 8 losses and 16 of 18 BE trades, the bands were not in place afterwards. Obviously it does matter to me. Cause a redraw later means that my trades did not succeed. Itīs just a matter of how you look at it.
Hi Yenom, are you sure you followed the rules when you made those trades?
  • #1,351
  • Sep 1, 2019 2:39pm Sep 1, 2019 2:39pm
Quoting leweg1
{quote} so depending if long or short, Long: Sl at first green line, TP at first red line Short: Sl at first red line, TP at first green line Same lots all round just based on acc balance as i said above, with this there's no SL adjustments its either TP hit or SL hit simple. i will however change SL and TP if new signal next day that meets above requirements and falls within London and end of day session.
I seem your risk/reward is 1, am I correct?

With the original rule you take profit @ TP2, so risk/reward is 2.
  • #1,352
  • Sep 1, 2019 2:49pm Sep 1, 2019 2:49pm
Quoting Alberto_Jazz
{quote} I seem your risk/reward is 1, am I correct? With the original rule you take profit @ TP2, so risk/reward is 2.
i would say no, all depends when and where the arrow pops up
  • #1,353
  • Sep 1, 2019 2:51pm Sep 1, 2019 2:51pm
Quoting Alberto_Jazz
{quote} I seem your risk/reward is 1, am I correct? With the original rule you take profit @ TP2, so risk/reward is 2.
Really, it is not important what anyone else puts for their SL TP as long as it fits with the rules that are in post #1 and with the Tips. If you decide to use something else, then you should have tried it few times so that you can post a screenshot of the trade at the moment you entered and include the outcome and your assessment of whether or not your settings are yielding better or worse profits than the settings in post #1.
To free Gazans of Hamas, use whatever it takes.
  • #1,354
  • Sep 1, 2019 4:10pm Sep 1, 2019 4:10pm
Hi Guys,

was there an update for the email alert ...many thanks
  • #1,355
  • Sep 1, 2019 4:12pm Sep 1, 2019 4:12pm
Quoting leweg1
At this moment in time all trades taken today from London open GBPNZD +13 XAUUSD +79 AUDUSD +10 NZDJPY + 15
NZDJPY hit 15 pip TP plus 7 pips extra on gap so 22 pips total, nice start 11 mins in to trade week lol
  • #1,356
  • Sep 1, 2019 4:31pm Sep 1, 2019 4:31pm
Quoting leweg1
{quote} NZDJPY hit 15 pip TP plus 7 pips extra on gap so 22 pips total, nice start 11 mins in to trade week lol
Looks like probably all pairs with JPY gapped at open.
To free Gazans of Hamas, use whatever it takes.
  • #1,357
  • Sep 1, 2019 8:45pm Sep 1, 2019 8:45pm
BTM, at the early time of the day, when the pivot isn't forming yet, how do you trade? The pivot hasn't formed yet.
  • #1,358
  • Sep 1, 2019 10:55pm Sep 1, 2019 10:55pm
Quoting maximuslv
{quote} it would be great if the dashboard ea had a percent of account for each trade money management lot size, since some trades have larger stop losses etc. this would be helpful for auto trading. thanks

Doesn't anyone else think this is a good idea? To have the ea have a choice of lot size or percent of the account , on any trade to be traded?
This would keep each trade equal in size no matter what the stop loss is? So if the EUR/USD has a 30 pip sl, but the gbp/usd has a 45 pip
stop loss the trade will be the same because of trade percent size. So the eur/usd will trade at 1 lot, while the gbp/usd will trade at .65 lots
automatically calculated by account percent size. This is helpful especially with auto trade as this can be done automatically and be profitable. thanks, Mike
  • #1,359
  • Sep 1, 2019 11:12pm Sep 1, 2019 11:12pm
Hello BTM, I spent the last couple of days going through your thread here and wanted to thank you for for posting this great system for everyone. Going back to the first 5 pages of posts, where you posted a few example charts of different pairs, like on EJ, AU, Gold and EU. All my arrows were identical to the ones that were on your screen shots, except for the EU chart, they were very different. I never changed any of the settings, everything including the template was right out of the box.

I also discovered that the floor pivot indicator that you use, is not accurate at all, bot I am not sure what time zone its set to as I dont see any parameter to change the time zone. Most of the pivots, like main, R1, R2, S1, S2 are off by 5-10 pips in comparison to mine. My pivot indicator is set to GMT time zone, and is pretty accurate. I also noticed that the signals are based on the pivot levels, so its important to get the right pivot indicator.
  • #1,360
  • Sep 2, 2019 12:44am Sep 2, 2019 12:44am
Quoting greenpipshun
{quote} Hi Yenom, are you sure you followed the rules when you made those trades?
dont argue with yenom,i think he is one of the banned members,account just created and only reply in my topic,im waiting for him to try distract this topic or spam or troll here,he will be banned again,im watching him dont worry.
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