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SRDC Episode I

  • #381
  • Nov 15, 2006 2:03am Nov 15, 2006 2:03am
Quoting Harrywd
Would someone please send me the EA for this popular strategy if there is one that works. I can't wait to see how bad the results can be.

THX
Harry
[email protected]
Lets be nice to the volunteer ea developer in this thread. Give them some encouragement. Stay optimistic.

Hope that pips!
Change Your Thinking. Change Your Life - JD
  • #382
  • Nov 15, 2006 2:10am Nov 15, 2006 2:10am
Quoting razif
That was just a critic from another sith/jedi council. I was 2 days of profitable trade using SRDC jedi system (not only 5 pips but more than 70 pips).

Thanks master.
I really appreciate your teaching.

P/S In post #338, you mention about SRDC level 2, Can't wait for that level coming
Thank you.

The Level 2 will be on a new thread titled,"OrangeRoshan's SRDC method Level 2". The reason is to make learning less confusing. New comer can goto Level 1 1st before going to level 2 thread.

Jedi council will announce in the up coming meeting...
Change Your Thinking. Change Your Life - JD
  • #383
  • Nov 15, 2006 2:11am Nov 15, 2006 2:11am
Quoting OrangeRoshan
Yes and NO

Basic method is SRDC level 1. This method has been perfected with different levels. Yes, it is my method of trading. No, its not the full system. What i illustrate is basic coming to level 2.

We dont have to trade everyday. When there is no trade, then no trade. But remember, as you become familiar with the method, a no trade 2day, means a bigger pips the next day as the candle will be much longer than the previous.

Hope that helps.
Hey,

thanks for the insite, very helpful.

Alex
  • #384
  • Nov 15, 2006 3:10am Nov 15, 2006 3:10am
Quoting AlexFX
Hey,

thanks for the insite, very helpful.

Alex
alex,

Here are some correction after all. Howard make an announcement that AUD economy may not be doing very well as expected. It has created a stronger Dollar (USD). A short trade may look promosing. Study the chart.
Attached Image
Change Your Thinking. Change Your Life - JD
  • #385
  • Nov 15, 2006 4:02am Nov 15, 2006 4:02am
OrangeRoshan, i'm looking foward to the level 2
  • #386
  • Nov 15, 2006 6:21am Nov 15, 2006 6:21am
I have attached an indicator (see below) that will help those who wish to manually backtest/forward test this method. The green/red dotted lines are the high/low of the previous day (based on your server time). The silver lines are Fibonacci levels above and below the high and low, added just for fun. The indicator will work on any timeframe but 1 hour is best for quick research.

May the Schwartz be with you...
Attached File(s)
File Type: mq4 #SRDC_Indicator.mq4   2 KB | 874 downloads
Old Benjamin was right
  • #387
  • Nov 15, 2006 6:32am Nov 15, 2006 6:32am
Why don't we add another 10 or 15 pips to the High (and Low) of the previous candlestick before we pull the trigger just to get an additional confirmation for a substantial breakout? So far I've already noticed two candlesticks in Oktober with false breakouts.

I wouldn't use a S/L higher than 20 pips. That's a R/R ration of 4/1 and that should be more than enough.
  • #388
  • Nov 15, 2006 6:39am Nov 15, 2006 6:39am
Looking forward to level two.

Yesterday was a trying day on this thread for you, I am sure. So I thought you might like to see my Starship I use to chase pips. The market maker ships. (read Dark Side).
Attached Image
  • #389
  • Nov 15, 2006 10:43am Nov 15, 2006 10:43am
Quoting Lou G
I have attached an indicator (see below) that will help those who wish to manually backtest/forward test this method. The green/red dotted lines are the high/low of the previous day (based on your server time). The silver lines are Fibonacci levels above and below the high and low, added just for fun. The indicator will work on any timeframe but 1 hour is best for quick research.

May the Schwartz be with you...
Excellent indicator. Do you have anything that draws trendlines or channels?

Force is stronger now..
Change Your Thinking. Change Your Life - JD
  • #390
  • Nov 15, 2006 10:58am Nov 15, 2006 10:58am
Quoting Geldschlucker
Why don't we add another 10 or 15 pips to the High (and Low) of the previous candlestick before we pull the trigger just to get an additional confirmation for a substantial breakout? So far I've already noticed two candlesticks in Oktober with false breakouts.

I wouldn't use a S/L higher than 20 pips. That's a R/R ration of 4/1 and that should be more than enough.
I myself use a minimum of Spread+5pips as my margin.

Look at the channel drawn on my previous posts. TP and SL can easily be iddentified. Regarding Win and loss ratio; Many traders will prefer a higher TP compared to SL, due to the ratio of course. This is indeed correct, but, different methods and experiences can change that ratio based on 2 things:

1. Number of winning trades - I know renowned traders who had more losses than wins, but still profitable. How? simply, their Tp is far higher than their SL. In short, tight SL.

2. How the method operates - In SRDC, winning is far more frequent than losing, but with a big stop loss. In the early part of this thread, it seems the TP/SL ratio is not rational. As most traders realised, by using trendlines or channels, Tp & SL is clearly visible. Depending on where the candles are, TP and SL is almost 1:1.

With more frequent wins than loss, where will you be next summer?

Dooo doooo doooo dooooo, here comes the sun... its alright...
Change Your Thinking. Change Your Life - JD
  • #391
  • Nov 15, 2006 11:02am Nov 15, 2006 11:02am
Quoting bapxyz
Looking forward to level two.

Yesterday was a trying day on this thread for you, I am sure. So I thought you might like to see my Starship I use to chase pips. The market maker ships. (read Dark Side).
LOL.... Jedi are still looking for the right planet for the 2nd settlement of R2D2, opppsss i mean SRDC.

Anyway, practice trend drawings, as Level 2 demands a lot of it.

p/s Is that your dog?
Change Your Thinking. Change Your Life - JD
  • #392
  • Nov 15, 2006 1:07pm Nov 15, 2006 1:07pm
O,

What is this level 2 you speak of? Also I like the results im getting from SRDC with only one small change. Im thinking about expanding this method to other pairs.

FJ


Quoting OrangeRoshan
LOL.... Jedi are still looking for the right planet for the 2nd settlement of R2D2, opppsss i mean SRDC.

Anyway, practice trend drawings, as Level 2 demands a lot of it.

p/s Is that your dog?
Stacking pips since 2002
  • #393
  • Nov 15, 2006 1:18pm Nov 15, 2006 1:18pm
Quoting forexjedi
O,

What is this level 2 you speak of? Also I like the results im getting from SRDC with only one small change. Im thinking about expanding this method to other pairs.

FJ
Level 2 requires trendlines and the use of MA. It will be on a new thread soon. Im away fm my usual trading room, actually in Malaysia now. Will probably launch it after my Pisa trip.

But before that, I need help from everyone to comment on the current EAs we have for ez integration into L2. Modification & bugs within the confiment of SRDC of course.

regarding other pairs, of course you may use it, especially when you know those pairs very well. Price Range and Analysis studies will be Impeccable.

Change it as you see fit and make it your own.

Jedi waiting for McDonald Bfast next to my hotel... then doze offf... cant sleep, endless backtesting... making sure no dark force around..
Change Your Thinking. Change Your Life - JD
  • #394
  • Nov 15, 2006 1:32pm Nov 15, 2006 1:32pm
Quoting Lou G
The silver lines are Fibonacci levels above and below the high and low, added just for fun. The indicator will work on any timeframe but 1 hour is best for quick research.

May the Schwartz be with you...

Cool indicator Lou

How are the Fibonacci levels (above and below the high and low) calculated?

Thanks,

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #395
  • Nov 15, 2006 1:46pm Nov 15, 2006 1:46pm
Quoting jarroo
Cool indicator Lou

How are the Fibonacci levels (above and below the high and low) calculated?

Thanks,

Jim
Just 21 & 34 pips each way for now - maybe I'll add 55 later if I have time.
Old Benjamin was right
  • #396
  • Nov 15, 2006 1:50pm Nov 15, 2006 1:50pm
Quoting OrangeRoshan
Excellent indicator. Do you have anything that draws trendlines or channels?

Force is stronger now..
Nothing like the ones you have posted - yours look like Andrews Pitchfork (are they?) and I have never seen an indicator that will draw it. If anyone has such an indicator, let us all see it.
Old Benjamin was right
  • #397
  • Edited 2:38pm Nov 15, 2006 2:32pm | Edited 2:38pm
Hi all,

Here are the new channel for AUDUSD. The new channel is derived from the candles not following the rules of coming back to the mid trend, hence a possibility of a new range downward trend.

This new channel will be useful only when the candles remain in the channel most of the time. When the candles agree with the channel, im afraid, its no trade for SRDC L1 with AUD today. The reason is the range is too small for a profitable break on S&R. But when it breaks, L2,3 will definitelly catch it!

Hope The Duck wont attack Howard.. <== where is that coming fm?
Attached Image
Change Your Thinking. Change Your Life - JD
  • #398
  • Nov 15, 2006 2:41pm Nov 15, 2006 2:41pm
Only was in for 2 pair this am but good for 28 pips.

Thank you very much

No not my dog ,just liked his expression. Actually I have two of Yoda's kids that live with me but I don't think he is friends with Chewy anymore. I will post a picture when I upload it.
  • #399
  • Nov 15, 2006 2:47pm Nov 15, 2006 2:47pm
Quoting OrangeRoshan
Hi all,

Here are the new channel for AUDUSD. The new channel is derived from the candles not following the rules of coming back to the mid trend, hence a possibility of a new range downward trend.

This new channel will be useful only when the candles remain in the channel most of the time. When the candles agree with the channel, im afraid, its no trade for SRDC L1 with AUD today. The reason is the range is too small for a profitable break on S&R. But when it breaks, L2,3 will definitelly catch it!

Hope The Duck wont attack Howard.. <== where is that coming fm?
Hey Orange,

Are L1, L2 and L3 the channel lines from top to bottom, please clarify.

Regards and may the pips be with you.

Alex
  • #400
  • Nov 15, 2006 2:48pm Nov 15, 2006 2:48pm
OrangeRoshan, i've never draw a channel or such. so am wondering, you're using Andrews' Pitchfork?
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