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

Quoting ficibald
{quote} I am sorry for disapoiting you but if you trade this system in realtime not loooking on signals on chart history,you will change your mind about system.want proof - run it on strategy tester on visual mod what is availablein standart mt4
True. I ran a test on it and it's as disappointing as it is. From the initial glance, I knew this isn't worth the time to roll an experiment towards to as my experience implied that it would failed miserably in the long-term. You need something robust, specific and effective in its framework to push past the limitations of the system. This isn't worth the attention, I'll pass.
Quoting ficibald
{quote} I am sorry for disapoiting you but if you trade this system in realtime not loooking on signals on chart history,you will change your mind about system.want proof - run it on strategy tester on visual mod what is availablein standart mt4
@ficibald @greanprea
Pls what exactly are you guys talking about bcos I'm beginning to get confused over here with your comments. Are you criticizing the entire system or some suggested modification of the system?
In all your ways acknowledge Him and He will direct your path.
Quoting OmegaFire
{quote} @ficibald @greanprea Pls what exactly are you guys talking about bcos I'm beginning to get confused over here with your comments. Are you criticizing the entire system or some suggested modification of the system?
I dont want be evil and say that system is bad.I just say that signals have to be observed realtime,dont just look on chart history because signals repaint(hate that word lol)
I really appreciate your concern and time spent looking at the system but backtesting run on mt4 will not get anywhere for the following reason
Not consider the overall trend
Not consider support and resistance
Not consider repainting signal which from the beginning was clearly said that it was repainting
And finally not considering price action

So if you want to review something then do it right and i hope we will not get into a long debate over it
Quoting ficibald
{quote} I dont want be evil and say that system is bad.I just say that signals have to be observed realtime,dont just look on chart history because signals repaint(hate that word lol)
Exactly, you have to observe it in real-time (back-testing won't work). In addition you have to know how to trade - you can't rely on it alone - otherwise you will fall for traps. This is a system that is based on rules. You still have to contribute the trader's discretion part.
for example look at this chart after some time
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NZDJPY

all rules met
Head and Shoulders pattern

trade safe
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  • Post #448
  • Quote
  • Edited at 5:06am May 25, 2020 4:51am | Edited at 5:06am
Quoting alhalawi
NZDJPY all rules met Head and Shoulders pattern trade safe {image}
Alwahali, if i may ask, the rule was met on three previous occasions, but it reversed and hit SL on all those occasions, so what makes it different this time around?

This brings us to the issue of looking at the Trendstrenght indicator value which I've been hammering on all this while...
In all your ways acknowledge Him and He will direct your path.
Quoting OmegaFire
{quote} Alwahali, if i may ask, the rule was met on three previous occasions, but it reversed and hit SL on all those occasions, so what makes it different this time around? This brings us to the issue of looking at the Trendstrenght indicator value which I've been hammering on all this while...
so ideally you would wait for the trendstregth to show red in this case?
Quoting OmegaFire
{quote} Alwahali, if i may ask, the rule was met on three previous occasions, but it reversed and hit SL on all those occasions, so what makes it different this time around? This brings us to the issue of looking at the Trendstrenght indicator value which I've been hammering on all this while...
That's all trades taken last end of week and posted here
I don't understand what hit stop loss
I closed manually before the weekend
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Quoting alhalawi
{quote} That's all trades taken last end of week and posted here I don't understand what hit stop loss I closed manually before the weekend {image}

Good job, keep it up
  • Post #452
  • Quote
  • Edited at 7:43am May 25, 2020 7:28am | Edited at 7:43am
Quoting alhalawi
NZDJPY all rules met Head and Shoulders pattern trade safe {image}
Alhalawi,
When you recommended that trade, the Trendstrenght was flat and not below 35. I would not have recommended taking that trade because i would only be SPECULATING on where the direction would go next, which could be either ways. Now look at the same chart hours later.

Advice: NEVER TAKE A TRADE WHEN THE TRENDSTRENGHT VALUE IS HOVERING BETWEN 65-35 even if all the setup and entry criteria are met. BE PATIENT AND WAIT FOR VALUES ABOVE 70 FOR BUY and BELOW 33 FOR SELL. Take note that these Trendstrenght Values must be in the direction of the SETUP
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In all your ways acknowledge Him and He will direct your path.
Quoting OmegaFire
{quote} Alhalawi, When you recommended that trade, the Trendstrenght was flat and not below 35. I would not have recommended taking that trade because i would only be SPECULATING on where the direction would go next, which could be either ways. Now look at the same chart hours later. Advice: NEVER TAKE A TRADE WHEN THE TRENDSTRENGHT VALUE IS HOVERING BETWEN 65-35 even if all the setup and entry criteria are met. BE PATIENT AND WAIT FOR VALUES ABOVE 70 FOR BUY and BELOW 33 FOR SELL. {image}
One trick is to move chart to H4 and then back to H1 where you will see the rsi change colour to maybe consolidation
Another thing i based it on tti trend by tux

Anyway thanks for the advice
  • Post #454
  • Quote
  • Edited at 11:41am May 25, 2020 7:57am | Edited at 11:41am
Quoting alhalawi
{quote} One trick is to move chart to H4 and then back to H1 where you will see the rsi change colour to maybe consolidation Another thing i based it on tti trend by tux Anyway thanks for the advice
I don't seem to notice any change in the value of the TrendStrenght no matter the timeframe, but I will install the TTI and watch the difference

Watch out for a massive AUDCAD & NZDSGD SELL

It has hit resistance on H1, H4 and Daily which signifies a major downward trend forming. Wait for Criteria to be met on H1 and then load it up
In all your ways acknowledge Him and He will direct your path.
I just created my forexfactory after having a deep backtest for this system. Thank you brother Alhalawi..

Here I attach my OP.
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  • Post #456
  • Quote
  • Edited at 11:49am May 25, 2020 9:10am | Edited at 11:49am
Keep an eye on the following pair. Criteria has been met, Waiting for TrendStrenght value to go in favour of move

BUY
GBPNZD
EURNZD
EURZAR
GBPDKK
GBPNOK
GBPSEK
USDHUF

SELL
NZDCHF
USDCAD
EURCAD
In all your ways acknowledge Him and He will direct your path.
Quoting alhalawi
Hi all Payapa trading system is not known widely in the Forex world and it can be Very Profitable Best trading time frames are M15 and H1 i have modified the original system to be more simple to trade and believe me it's extremely simple. i will attach the Templates and the indicators used i will also attach the modification of Fibonacci to be used as SL and Profit Targets this system should get you 3 RR Trades which is high in regards to other systems There is 2 types of entries on this system one conservative and non conservative Conservative:...
can you please help me i cant see what i can see on your charts on myne
Quoting almanafi
I just created my forexfactory after having a deep backtest for this system. Thank you brother Alhalawi.. Here I attach my OP. {image} {image}
I don't understand what you wanted to write here about Forexfactory and what you created

Secondly, using the system on an android may not give you all the perspective because there's no android version for the AutoFibo and TrendStrenght Indicators which are vital told for getting TP and gauging Trend direction respectively

Trade Safe
In all your ways acknowledge Him and He will direct your path.
Quoting OmegaFire
{quote} Alhalawi, When you recommended that trade, the Trendstrenght was flat and not below 35. I would not have recommended taking that trade because i would only be SPECULATING on where the direction would go next, which could be either ways. Now look at the same chart hours later. Advice: NEVER TAKE A TRADE WHEN THE TRENDSTRENGHT VALUE IS HOVERING BETWEN 65-35 even if all the setup and entry criteria are met. BE PATIENT AND WAIT FOR VALUES ABOVE 70 FOR BUY and BELOW 33 FOR SELL. Take note that these Trendstrenght Values must be in the direction...
You should zoom out more!
Quoting OmegaFire
{quote} I don't understand what you wanted to write here about Forexfactory and what you created Secondly, using the system on an android may not give you all the perspective because there's no android version for the AutoFibo and TrendStrenght Indicators which are vital told for getting TP and gauging Trend direction respectively Trade Safe

Creating forexfactory just to say thanks to bro Alhalawi..

I use my tradingview to setup all my trade.
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