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Payapa Trading System - Modified Ali's Version

  • #281
  • May 19, 2020 8:26am May 19, 2020 8:26am
Quoting OmegaFire
{quote} I was only watching the pairs because reversal was imminent but only GBPAUD & GBPCAD followed rules so far and BUY trade has been taken on those pairs Experiencing a little drawdown at the moment though and hoping it doesnt hit SL (not easy trading against trend) {image} {image}
Sure,

I also took the GBPCAD Trade, should be expecting prosite by next day. It met all the rules, Like the saying goes" TRUST THE SYSTEM.
  • #282
  • Edited 10:13am May 19, 2020 10:03am | Edited 10:13am
Quoting Zorbok
{quote} Sure, I also took the GBPCAD Trade, should be expecting prosite by next day. It met all the rules, Like the saying goes" TRUST THE SYSTEM.
All criteria met, but all my SL got taken out. GBPCAD & GBPAUD trend still going down. Frankly not easy trading against trend

Hello @Alhawali
What is the solution and how does the Trend strength indicator help us filter such potentially unproductive trades

Hello Everyone,

I'm sure we will agree that today's trades has been a major test on this indicator. Pls let's share our experiences and what we think needs to be done to make this indicator more effective
In all your ways acknowledge Him and He will direct your path.
  • #283
  • May 19, 2020 10:18am May 19, 2020 10:18am
Quoting OmegaFire
{quote} All criteria met, but all my SL got taken out. GBPCAD & GBPAUD trend still going down. Frankly not easy trading against trend Hello @Alhawali What is the solution and how does the Trend strength indicator help us filter such potentially unproductive trades Hello Everyone, I'm sure we will agree that today's trades has been a major test on this indicator. Pls let's share our experiences and what we think needs to be done to make this indicator more effective
Hi

Yea i see the trend still going down. maybe i put it this way i am little stubborn, i take trades 1 at a time and i dont use SL, so i can manage this this till it goes back to side. Sometimes it take weeks and months.

I am still holding on to GBPCAD i expect to see positive results by tomorrow
  • #284
  • Edited 10:48am May 19, 2020 10:27am | Edited 10:48am
Quoting OmegaFire
{quote} All criteria met, but all my SL got taken out. GBPCAD & GBPAUD trend still going down. Frankly not easy trading against trend Hello @Alhawali What is the solution and how does the Trend strength indicator help us filter such potentially unproductive trades Hello Everyone, I'm sure we will agree that today's trades has been a major test on this indicator. Pls let's share our experiences and what we think needs to be done to make this indicator more effective
While we are still taking comments on this

I've just opened following trade

SELL EURGBP
SELL EURNZD
SELL EURAUD

TrendStrenght indicator shows that Uptrend move is waning. Maybe its finally time for a reversal. Last trades for the day if it hits SL
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 151 KB
In all your ways acknowledge Him and He will direct your path.
  • #285
  • May 19, 2020 11:04am May 19, 2020 11:04am
Quoting tuxTrader
{quote} Hi, it's almost finished. i can release a test version with expiration very soon, so you can test it too.
Hello TuxTrader

Are there any particular settings for the Trend Strength Indicator?
What are your suggestions on how it can help us filter out potentially bad trades?
In all your ways acknowledge Him and He will direct your path.
  • #286
  • May 19, 2020 11:34am May 19, 2020 11:34am
Quoting OmegaFire
{quote} I was only watching the pairs because reversal was imminent but only GBPAUD & GBPCAD followed rules so far and BUY trade has been taken on those pairs Experiencing a little drawdown at the moment though and hoping it doesnt hit SL (not easy trading against trend) {image} {image}
i would have not taken the GA trade as the Trendstrength RSI have been giving downtrend
  • #287
  • May 19, 2020 11:35am May 19, 2020 11:35am
Should take a look at EU
  • #288
  • May 19, 2020 11:35am May 19, 2020 11:35am
Quoting OmegaFire
{quote} All criteria met, but all my SL got taken out. GBPCAD & GBPAUD trend still going down. Frankly not easy trading against trend Hello @Alhawali What is the solution and how does the Trend strength indicator help us filter such potentially unproductive trades Hello Everyone, I'm sure we will agree that today's trades has been a major test on this indicator. Pls let's share our experiences and what we think needs to be done to make this indicator more effective
i have explained on how to use the trendstrength on post #255
  • #289
  • May 19, 2020 11:41am May 19, 2020 11:41am
EURGBP setting up
Attached Image (click to enlarge)
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  • #290
  • May 19, 2020 11:50am May 19, 2020 11:50am
EURJPY setting up
when yo have a good setup open the chart on this pair and keep it so you minimize looking at all pair every time

this pair we have a clear downtrend on tux indicator
ranging on trend strength rsi
and price at resistance on our indicator

Trade Safe and always prepare and don't just jump into trades
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.png Size: 64 KB
  • #291
  • May 19, 2020 12:19pm May 19, 2020 12:19pm
Quoting OmegaFire
{quote} Hello TuxTrader Are there any particular settings for the Trend Strength Indicator? What are your suggestions on how it can help us filter out potentially bad trades?
Hi, if you mean Tux Trend Indicator (TTI), i don't know exactly! I should have published it at least one month later after i test it. but i decided to release a test-version so you and other experienced traders can test it and help me that how it can help us in trading. I will update the post on my thread about this indicator but as a quick review it show you 5 state of market situation:

1- Strong UP Trend = DodgerBlue color
2- Weak UP Trend = LightBlue color
3- Consolidation = SlateGray color
4- Weak DOWN Trend = LightPink color
5- Strong DOWN Trend = Crimson color
  • #292
  • May 19, 2020 12:41pm May 19, 2020 12:41pm
Quoting tuxTrader
{quote} Hi, if you mean Tux Trend Indicator (TTI), i don't know exactly! I should have published it at least one month later after i test it. but i decided to release a test-version so you and other experienced traders can test it and help me that how it can help us in trading. I will update the post on my thread about this indicator but as a quick review it show you 5 state of market situation: 1- Strong UP Trend = DodgerBlue color 2- Weak UP Trend = LightBlue color 3- Consolidation = SlateGray color 4- Weak DOWN Trend = LightPink color 5- Strong...
Hello TuxTrader,

Thanks for the TrendStrenght Indicator. I'm finally beginning to understand how it works to filter out bad trades, especially after the last two posts by Alhawali.

As a conservative trader, is it advisable to switch off the Monthly RSI option. I noticed that the RSI value changes slightly when I toggle the monthly option ON & OFF. For example, turning it off changes the EURJPY trend Color from Consolidation to Weak UP Trend, What is the advantage versus disadvantage?

Secondly, The colors for Uptrend (Dodgerblue and Lightblue) look alike as well as the Downtrend colors (LightPink and Crimson). Could you possible use the following abbreviations near the RSI value in addition to the colors for clarity
1- Strong UP Trend = DodgerBlue color with (SUT)
2- Weak UP Trend = LightBlue color (WUP)
3- Consolidation = SlateGray color
4- Weak DOWN Trend = LightPink color (WDT)
5- Strong DOWN Trend = Crimson color (SDT)

Thankyou
In all your ways acknowledge Him and He will direct your path.
  • #293
  • May 19, 2020 1:00pm May 19, 2020 1:00pm
Quoting OmegaFire
{quote} Hello TuxTrader, Thanks for the TrendStrenght Indicator. I'm finally beginning to understand how it works to filter out bad trades, especially after the last two posts by Alhawali. As a conservative trader, is it advisable to switch off the Monthly RSI option. I noticed that the RSI value changes slightly when I toggle the monthly option ON & OFF. For example, turning it off changes the EURJPY trend Color from Consolidation to Weak UP Trend, What is the advantage versus disadvantage? Secondly, The colors for Uptrend (Dodgerblue and Lightblue)...
i think you are mixing the trend strength rsi indicator with the other tux trend indicator

the trendstrength rsi i don't think tux have done it

attached are the two
Attached File(s)
File Type: ex4 TrendStrength - RSI-MTF.ex4   16 KB | 418 downloads
File Type: ex4 TUX_Trend_Indicator.ex4   121 KB | 531 downloads
  • #294
  • May 19, 2020 1:05pm May 19, 2020 1:05pm
Quoting OmegaFire
{quote} Hello TuxTrader, Thanks for the TrendStrenght Indicator. I'm finally beginning to understand how it works to filter out bad trades, especially after the last two posts by Alhawali.
I don't talk about TrendStrength Indicator! it's not my indicator. i talk about TTI.
  • #295
  • May 19, 2020 1:22pm May 19, 2020 1:22pm
EURNZD took on monday

heading to tp3
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD.png Size: 61 KB
  • #296
  • May 19, 2020 1:37pm May 19, 2020 1:37pm
Quoting alhalawi
EURNZD took on monday heading to tp3 {image}
very nice trade
  • #297
  • May 19, 2020 1:42pm May 19, 2020 1:42pm
CADCHF may respect the rules lets see ...
Attached Image (click to enlarge)
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  • #298
  • May 19, 2020 1:51pm May 19, 2020 1:51pm
Quoting Gabriel40
Yako47 XAUUSD form good chance already hit TP1{quote} could you share your indicators in the last column of your chart contains TDI and bolinger band. Thanks.
you can find it in post #61
  • #299
  • May 19, 2020 1:54pm May 19, 2020 1:54pm
As one who uses the TREND STRENGTH RSI, This is how i use it.

Disable Monthly TF.

Values under 50---- Favor short trades...I dis-regard all trades against the trend
Vales under 30--- Im more likely to take reversals, seeing the Overall picture is extended. (There is no set rule for this, each trader just has to assess the market and make that decision for themselves.Since, the market in a strong downtrend can keep pushing down and down for days even in an overextended state. Just use other confluences to make a good decision with risk management. Supply/Demand/Trendlines ...whatever else you may be comfortable with.)

Values over 50--Favor Longs...
Values over 70--- etc...

You'll still miss great trades with this, and still have stops triggered. Hence, why the best rule is always risk management.

Tux Trend Indicator is also on my chart, I personally use a slight mod of the system as I favour Lower timeframe for entries. (63ema, which is essentially a 21 on the m15)...Notice how i used confluence.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart1.JPG Size: 262 KB

Confluence 1---Close under EMA
Confluence 2---Herd EMA on RSI trending lower
Confluence 3- ComRSI, was over 70, starting trending lower.
Confluence 4--Tux Trend showing RED on the time frame below (at least im with initial momentum)

THis may well reverse higher, who knows, the key is to manage RISK.
  • #300
  • May 19, 2020 1:57pm May 19, 2020 1:57pm
so for my watch list i have .

for Buy
-GBPAUD
-GBPNZD
for Sell
-AUDJPY
-CADJPY
-CADCHF

just follow the rules
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