Payapa Trading System - Modified Ali's Version | Page 17 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

ALI's journal 5 replies

Multiple & Modified Trading System 6 replies

Ali's journal 4 replies

last 5 year trading system,+modified of vegas tunnel method,more than 88% in backtest 11 replies

Attachments: Payapa Trading System - Modified Ali's Version
Exit Attachments

Payapa Trading System - Modified Ali's Version

  • #321
  • May 19, 2020 4:42pm May 19, 2020 4:42pm
Quoting alhalawi
{quote} That's a very very BAD RISK MANAGEMENT hahahaha And you still insisting on GA which is trending heavily down and there are more pairs that meet better the setup which goes with the trend
Yeah. It was very bad Risk Management, but I'm beginning to frankly trust the system. Was watching closely. Finaly closed out at USD80 profit. Not bad for a day

Loaded up SELL EURUSD & EURJPY into Asian session

Thanks Alhawali for this great system. And thanks to TuxTrader, Winnigag and all the other guys who are working to improve the system daily
In all your ways acknowledge Him and He will direct your path.
  • #322
  • May 19, 2020 4:43pm May 19, 2020 4:43pm
Quoting Winnigag
{quote} Awesome Trade BRO!! @alhalawi its an amazing system. TBH I wish we could get a fix on the zoom issue, Im trying a solution in the works.....initial results seem good..but it still has its weaknesses. I'll share it a little later .
Thank You

I think it's the power of this system, not issue! just stick to the correct zoom and forget it.
  • #323
  • May 19, 2020 4:52pm May 19, 2020 4:52pm
Quoting OmegaFire
{quote} Nice one Which indicator do you use to tile all your currency pairs on the left side of your screen for easy toggling. Can you share pls?
here u go ...
Attached File(s)
File Type: ex4 T-Scanner.ex4   46 KB | 676 downloads
  • #324
  • May 19, 2020 6:55pm May 19, 2020 6:55pm
Hello Guys,

I took the EURUSD, AUDUSD and EURJPY trades and I noticed they all reversed even when the Trend Strenght Indicator was showing that trend is consolidating. I also remembered the comment of Alhawali on why I loaded up on the BUY GBPAUD trade when the trend was showing DOWN and it got me think...

I went back to the Trend Strenght Indicator and Switched off the Monthly and Weekly on the EURUSD, AUDUSD and GBPAUD and left only the H4 and Daily TRUE and everything suddenly made sense because the trends turned from CONSOLIDATION to UPTREND on EU & AU while GA turned from DOWNTREND to CONSOLIDATION

SUMMARY: For Intraday traders, I think using values frrom the much larger timeframes (Weekly & Monthly) in calculating the Composite RSI and Trend Strength might be a little misleading. H4 & Daily should be enough.

Awaiting your thoughts pls....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 151 KB
Click to Enlarge Name: Screenshot2.png Size: 206 KB
Click to Enlarge Name: Screenshot3.png Size: 194 KB
Click to Enlarge Name: Screenshot4.png Size: 199 KB
Click to Enlarge Name: Screenshot5.png Size: 258 KB
In all your ways acknowledge Him and He will direct your path.
  • #325
  • Edited 8:03pm May 19, 2020 7:31pm | Edited 8:03pm
Quoting OmegaFire
Hello Guys, I took the EURUSD, AUDUSD and EURJPY trades and I noticed they all reversed even when the Trend Strenght Indicator was showing that trend is consolidating. I also remembered the comment of Alhawali on why I loaded up on the BUY GBPAUD trade when the trend was showing DOWN and it got me think... I went back to the Trend Strenght Indicator and Switched off the Monthly and Weekly on the EURUSD, AUDUSD and GBPAUD and left only the H4 and Daily TRUE and everything suddenly made sense because the trends turned from CONSOLIDATION to UPTREND...
Doing this effectively filtered out most of the trade setups leaving the following as the only trades that meet our criteria are viz:-

BUY GBPCAD
BUY NZDCAD, GBPUSD do not fully meet criteria (RSI 14 & EMA have already left bottom of support), but uptrend is still strong from earlier today (+70)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 214 KB
Click to Enlarge Name: Screenshot2.png Size: 226 KB
In all your ways acknowledge Him and He will direct your path.
  • #326
  • May 19, 2020 9:06pm May 19, 2020 9:06pm
Quoting OmegaFire
{quote} Doing this effectively filtered out most of the trade setups leaving the following as the only trades that meet our criteria are viz:- BUY GBPCAD BUY NZDCAD, GBPUSD do not fully meet criteria (RSI 14 & EMA have already left bottom of support), but uptrend is still strong from earlier today (+70) {image} {image}
Intraday Sure. You can definitely do that. I leave the weekly on generally, but i'll experiment with just daily and h4 to see, you may be on to something.

I think EJ may be ready for that drop.
  • #327
  • May 19, 2020 9:31pm May 19, 2020 9:31pm
I sell EU EJ EG AU AJ
I buy UCAD
Wait for the market to answer me
  • #328
  • May 20, 2020 2:10am May 20, 2020 2:10am
Quoting OmegaFire
Hello Guys, I took the EURUSD, AUDUSD and EURJPY trades and I noticed they all reversed even when the Trend Strenght Indicator was showing that trend is consolidating. I also remembered the comment of Alhawali on why I loaded up on the BUY GBPAUD trade when the trend was showing DOWN and it got me think... I went back to the Trend Strenght Indicator and Switched off the Monthly and Weekly on the EURUSD, AUDUSD and GBPAUD and left only the H4 and Daily TRUE and everything suddenly made sense because the trends turned from CONSOLIDATION to UPTREND...
Dear

first of all awlays avoid trading on asian session
second EJ never have an entry signal
EURUSD as mentioned earlier in some posts to zoom out to the one before the last zoom to check accurately the support and resistance indicator
AU is also still trending up on both TUX and Trendstrength RSI but still did not hi SL anyway
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY.png Size: 56 KB
Click to Enlarge Name: EURUSD.png Size: 58 KB
Click to Enlarge Name: AUDUSD .png Size: 63 KB
  • #329
  • May 20, 2020 3:02am May 20, 2020 3:02am
NZDJPY

all conditions met

it's always quality over quantity so be very selective

Trade Safe
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY.png Size: 77 KB
  • #330
  • May 20, 2020 3:31am May 20, 2020 3:31am
Quoting alhalawi
NZDJPY all conditions met it's always quality over quantity so be very selective Trade Safe {image}
This is excatly the point I'm trying to make. All Condition SEEMED to be met, but if you switched off your Weekly and Monthly on the TrendStrenght Indicator, you wouldnt take that trade because whilst your chat was showing CONSOLIDATION, mine is showing it is still in an UPTREND and should be avoided (and that's exactly what happened - it REVERSED)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 172 KB
In all your ways acknowledge Him and He will direct your path.
  • #331
  • May 20, 2020 3:47am May 20, 2020 3:47am
Well I think what matters is that most of the conditions are met.
  • #332
  • May 20, 2020 3:50am May 20, 2020 3:50am
Quoting alhalawi
{quote} Dear first of all awlays avoid trading on asian session second EJ never have an entry signal EURUSD as mentioned earlier in some posts to zoom out to the one before the last zoom to check accurately the support and resistance indicator AU is also still trending up on both TUX and Trendstrength RSI but still did not hi SL anyway {image} {image} {image}
Further Observations:-

Apart from the issue of diminished liquidity in the asian session which makes trading boring,

1. Even without zooming in, I wouldnt have taken the EU trade because after removing the Weekly & Monthly, TrendStrength turned from CONSOLIDATION to UPTREND
2. it is true that EJ never truly formed. I took the trade because Trendstrenght showed it was CONSOLIDATING. The real position of trend only showed after switching off the Weekly and Monthly and i quickly killed the trade because trend turned from CONSOLIDATION to UPTREND too
3. I also would not have taken the AUDUSD trade had I switched off the Weekly and Monthly earlier on. It may not have hit SL yet but it might because it is clear that it is in an UPTREND after I switched off Weekly and Monthly
In all your ways acknowledge Him and He will direct your path.
  • #333
  • May 20, 2020 3:53am May 20, 2020 3:53am
Quoting OmegaFire
{quote} This is excatly the point I'm trying to make. All Condition SEEMED to be met, but if you switched off your Weekly and Monthly on the TrendStrenght Indicator, you wouldnt take that trade because whilst your chat was showing CONSOLIDATION, mine is showing it is still in an UPTREND and should be avoided (and that's exactly what happened - it REVERSED) {image}
you can add the tux trendindicator attached which is missing in your chart for extra confirmation
Attached File(s)
File Type: ex4 TUX_Trend_Indicator.ex4   121 KB | 433 downloads
  • #334
  • May 20, 2020 4:10am May 20, 2020 4:10am
Quoting alhalawi
{quote} you can add the tux trendindicator attached which is missing in your chart for extra confirmation {file}
Look at your NZDJPY screenshot and mine and compare the TrendStrenght on your chart with mine. You took the trade because it showed CONSOLIDATION on your Chart. I avoided it because it showed UPTREND on mine (after I removed the Weekly and Monthly). You are still using the Weekly on the TUXTrend Indicator. Maybe you wouldnt have taken that trade if you had the Weekly switched off on it too
In all your ways acknowledge Him and He will direct your path.
  • #335
  • Edited 4:40am May 20, 2020 4:14am | Edited 4:40am
The Only valid trade I can see that meets the criteria and with sufficient TrendStrenght to continue is

BUY NZDCAD
I choose it because with UP Trendstrenght of 73.2, it is stronger and more likely to go up than NZDUSD (72.5) and NZDJPY (66.8)

SELL EURNZD & GBPAUD (But Trendstrenght is weak)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 229 KB
In all your ways acknowledge Him and He will direct your path.
  • #336
  • May 20, 2020 4:34am May 20, 2020 4:34am
Quoting OmegaFire
{quote} Look at your NZDJPY screenshot and mine and compare the TrendStrenght on your chart with mine. You took the trade because it showed CONSOLIDATION on your Chart. I avoided it because it showed UPTREND on mine (after I removed the Weekly and Monthly). You are still using the Weekly on the TUXTrend Indicator. Maybe you wouldnt have taken that trade if you had the Weekly switched off on it too
my friend you are mixing two indicators in one

the one you have is trend strength RSI on your screen

tux indicator is another one
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY.png Size: 104 KB
Attached File(s)
File Type: ex4 TrendStrength - RSI-MTF.ex4   16 KB | 506 downloads
File Type: ex4 TUX_Trend_Indicator.ex4   121 KB | 437 downloads
  • #337
  • May 20, 2020 4:47am May 20, 2020 4:47am
Quoting alhalawi
{quote} my friend you are mixing two indicators in one the one you have is trend strength RSI on your screen tux indicator is another one {file} {file} {image}
I know. I'm referring to the TrendStrenght RSI of course. That's what I use to filter my trades by changing setting the Weekly and Daily setting from TRUE to FALSE

I'm not using the TUX indicator yet

As you can see, the SELL AUDUSD and NZDJPY signals were not properly filtered probably because of your settings
In all your ways acknowledge Him and He will direct your path.
  • #338
  • May 20, 2020 6:08am May 20, 2020 6:08am
Quoting alhalawi
NZDJPY all conditions met it's always quality over quantity so be very selective Trade Safe {image}
SL taken..
  • #339
  • Edited 9:32am May 20, 2020 6:15am | Edited 9:32am
Quoting OmegaFire
The Only valid trade I can see that meets the criteria and with sufficient TrendStrenght to continue is BUY NZDCAD I choose it because with UP Trendstrenght of 73.2, it is stronger and more likely to go up than NZDUSD (72.5) and NZDJPY (66.8) SELL EURNZD & GBPAUD (But Trendstrenght is weak) {image}
NZDCAD hit TP1

Get ready to

BUY (in order of preference)
NZDUSD, UP TrendStrenght showing 79%
NZDCAD, UP TrendStrenght showing 77%
EURUSD, UP TrendStrenght showing 82%
AUDUSD, UP TrendStrenght showing 79%


I choose them over NZDJPY, EURJPY, EURGBP, AUDJPY, CADJPY who have weak UP signals and already hitting overbought position

Remember: You only need ONE quality setup to make money. Choose your currency pair wisely, enter trade and watch your chart closely

EDIT: I've just Re-enterred
BUY NZDCAD & BUY EURUSD
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 231 KB
In all your ways acknowledge Him and He will direct your path.
  • #340
  • May 20, 2020 6:21am May 20, 2020 6:21am
Quoting OmegaFire
{quote} NZDCAD hit TP Get ready to BUY EURUSD, UP TrendStrnght showing 82% AUDUSD, UP TrendStrnght showing 79% NZDUSD, UP TrendStrnght showing 79%
Why do you say buy EURUSD and AUDUSD?
It’s not in the system, is it?
0 traders viewing now