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The Small Turtle System (Donchian Trend +MACD)

  • #741
  • Oct 21, 2022 5:52am Oct 21, 2022 5:52am
Review of the week:
This is the second week I moved from 1H to 4H entries; but still pretty much doing daytrading because I use fixed pips.
All I can say is, I really enjoy the ability of taking a trade without being glued to the screen; my performance in my day job increases, and I have better quality of life because I have less screen time.

I tried to turn on my trade explorer on forexfactory, but seems like my whole year worth of performance is included and I can't disable it, so I deleted it again.
(my trading life was quite awful before I discovered "Trading Made Simple" and this system, so I am shy about it and don't want to display it. I'll probably create a new MT4/5 account to track my performance purely with this system next year haha.)
But for this week, on my personal account I gained around 7.5% with 8 trades: 2 consecutive losses and 6 wins.
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The last 4 trades were executed at the same time; so I divided the risk (basket trading).

Also I reached quite a big milestone this week:
I have been trading with Stocknet Institute (that prop firm where you get instant funding without evaluation), and using this system, I managed to achieve my first 10% profit and received account scale-up from $1,250 to $2,500, and also withdrew my first payout with them.

Thank you Ali for providing us this system and really gave me the light bulb above my head.
Thank you Eric "eelfranz" from the thread "Trading Made Simple" that opened my way this year. Rest in peace, sir.

Have a peaceful weekend, everyone.
  • #742
  • Oct 21, 2022 6:52am Oct 21, 2022 6:52am
Quoting cuchuflito
Buenos dias : here´s my watchlist, H12. GBPAUD GBPNZD EURGBP COPPER SILVER Btw. there are some free indicators that convert charts to any time frame on the Mt4, you need to google them at Forex Factory, or youtube. I prefer the one I use. Since I started the 12H, one position test, with real money some 10 days ago, I have a small realized profit, 5 open positions with one slightly in the red, one still running with a big profit, and another one with a very decent one. All in all, once these trades are closed, they will produce a very good...
Thanks cuchuflito for sharing. I will be watching/trading the 12H charts too, they look smoother and MT5 has it built in so no need to add another indicator and use offline charts, only problem I cannot find the turtle channel indicator for MT5, anyone has any idea?
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Correction, I found it, I guess I did not look hard enough , and it has more bells and whistles
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  • #743
  • Oct 21, 2022 7:34am Oct 21, 2022 7:34am
Quoting jpntrader
Review of the week: This is the second week I moved from 1H to 4H entries; but still pretty much doing daytrading because I use fixed pips. All I can say is, I really enjoy the ability of taking a trade without being glued to the screen; my performance in my day job increases, and I have better quality of life because I have less screen time. I tried to turn on my trade explorer on forexfactory, but seems like my whole year worth of performance is included and I can't disable it, so I deleted it again. (my trading life was quite awful before I discovered...
Congratz with milestone Jpn! And good luck in trading!
  • #744
  • Oct 21, 2022 9:03am Oct 21, 2022 9:03am
Quoting cuchuflito
{quote} Hi Paolo You understood properly, that is the way I do it too. Ali also mentions different triggers for more experienced traders. I understand JPN only uses triggers above or below the 0 levels. Again, you need to find the pizza that tastes the best to your palate. All the best.
Tks cuch,

i owe you a pizza
  • #745
  • Oct 21, 2022 9:18am Oct 21, 2022 9:18am
Quoting jpntrader
{quote} No need to apologize, Paolo. I totally understand your concern. We need to make sure the detail as this will determine our judgement. {quote} If we are SELLING but the MACD cross happens while it's still ABOVE zero level, for me personally, I would not take it. Back to your example: {image} See the second trade, where we are selling but the MACD cross is still above zero level? That trade ended up in profit but I think it's a smaller one. {quote} You know, the thing is, sometimes this scenario works (like your example), sometimes it doesn't....

Tks as always and clear as always,

you are using the entry SELL if the cross blue/red is already in selling zone (oversold with othe indi), below zero. This is what i consider "conservative" using ALI terminology...i am in the middle: i will use (beginner tecnique) cross red/blue on zero all together or if i find some set up your.
Until now when i found setup with cross above zero (in selling) i finished BAD.

I take advange to clearing another doubt about backtesting:

I am with you backtesting help to find your way to trade but the setup live is different from the same setup studied a day after.

 

  1. Live it happend to me i have all perfect: cross red/blue on zero or cross red/blue above (buy) or below (sell) zero, enterend in the trade as new candle open, channell ok but after some hour (in 4h or daily) the MACD component has been repainted.
  2. On the back test all is set so it is esier to find the set up

Summing up what i want to say is from live trading to backtesting trading there is anther piece of uncertainty, something i cannot calculate. Hope to be clear....

But working as you said on backtesting help you find and clear your tecnique.

This forum, and you mates are helping a lot to become a better trader.

Have a good weekend

Paolo

  • #746
  • Oct 21, 2022 9:21am Oct 21, 2022 9:21am
Quoting jpntrader
Review of the week: This is the second week I moved from 1H to 4H entries; but still pretty much doing daytrading because I use fixed pips. All I can say is, I really enjoy the ability of taking a trade without being glued to the screen; my performance in my day job increases, and I have better quality of life because I have less screen time. I tried to turn on my trade explorer on forexfactory, but seems like my whole year worth of performance is included and I can't disable it, so I deleted it again. (my trading life was quite awful before I discovered...
You are a master to follow as example, tks again
  • #747
  • Oct 21, 2022 1:33pm Oct 21, 2022 1:33pm
Quoting BrunoB
Hi guys, I've started this strategy this week and took my first trade yesterday. I had to close it down due to color change. I'm eager to hear some feedback on the trade. It close down for a small profit. Thanks for the info Ali I'm glad I run into this system I really like it because it's on the 4hour timeframe so I can have my dayjob and trade at the same time! {image}
Bruno: Congratulations! You open the trade perfectly. However, you should have closed it when the first RED APB candle touched the 5EMA(shif+2) line.
  • #748
  • Oct 21, 2022 2:41pm Oct 21, 2022 2:41pm
Quoting jpntrader
Review of the week: This is the second week I moved from 1H to 4H entries; but still pretty much doing daytrading because I use fixed pips. All I can say is, I really enjoy the ability of taking a trade without being glued to the screen; my performance in my day job increases, and I have better quality of life because I have less screen time. I tried to turn on my trade explorer on forexfactory, but seems like my whole year worth of performance is included and I can't disable it, so I deleted it again. (my trading life was quite awful before I discovered...
Excellent
Cut your losses. Cut your losses. Then maybe you have a chance
  • #749
  • Oct 21, 2022 2:43pm Oct 21, 2022 2:43pm
This week i lost 2%
No problem it is part of game
No one dont have some losses in this game
We have long term plan
Cut your losses. Cut your losses. Then maybe you have a chance
  • #750
  • Oct 21, 2022 3:05pm Oct 21, 2022 3:05pm
UPDATE
All positions closed, the news today created a big spike in some pairs and stopped me out unexpectedly on 3 decent trades, that turned red.

RESULTS:
11 Trades in less than 2 weeks.
6% profit risking 2% (exactly), per trade.
55% win rate.
Not bad at all to say the least.

I follow the entry rules on page 1.
But then I trail, (not close), after the first color change against me.
Btw. I had a EURHKD open and did not realize it is almost 100% correlated to EURUSD, so I got hit double.
So EURHKDis deleted from my list.
Without that mistake, it would have ended on a 60% win rate and 7% account growth.

I had only 1 fat winner, with a 4,2 R.
All the other winners were less than 1 R.
I did follow my rules on every single trade.
That shows the importance of not missing trades, and avoiding mistakes.
The market does not forgive mistakes.

You all have a fantastic weekend.
  • #751
  • Oct 21, 2022 8:50pm Oct 21, 2022 8:50pm
Quoting paolo7
{quote} Tks as always and clear as always, you are using the entry SELL if the cross blue/red is already in selling zone (oversold with othe indi), below zero. This is what i consider "conservative" using ALI terminology...i am in the middle: i will use (beginner tecnique) cross red/blue on zero all together or if i find some set up your. Until now when i found setup with cross above zero (in selling) i finished BAD. I take advange to clearing another doubt about backtesting: I am with you backtesting help to find your way to trade but the setup...
I see, so that is one of the problem..
Hmm I'm sorry that I'm not able to answer that because I use Tradingview as my charting tool and repainting problem does not happen there..

Quoting paolo7
{quote} You are a master to follow as example, tks again
Let's do this together.
The system is good, we just have to take time to tweak the system for us.
Not an easy path (for me as well) but it'll be worth it once it clicks. I promise that.
  • #752
  • Oct 21, 2022 8:52pm Oct 21, 2022 8:52pm
Quoting Alihelmy123
This week i lost 2% No problem it is part of game No one dont have some losses in this game We have long term plan
Take a rest, have some nice burgers and cola (or beers if you're allowed), and we'll start afresh again next week!
Have a peaceful weekend, Ali.
  • #753
  • Oct 21, 2022 8:58pm Oct 21, 2022 8:58pm
Quoting cuchuflito
UPDATE All positions closed, the news today created a big spike in some pairs and stopped me out unexpectedly on 3 decent trades, that turned red. RESULTS: 11 Trades in less than 2 weeks. 6% profit risking 2% (exactly), per trade. 55% win rate. Not bad at all to say the least. I follow the entry rules on page 1. But then I trail, (not close), after the first color change against me. Btw. I had a EURHKD open and did not realize it is almost 100% correlated to EURUSD, so I got hit double. So EURHKDis deleted from my list. Without that...
Tends to happen on Friday but I'm glad for your result.
Your trailing system is actually good, I would have followed that if I were still following the vanilla, original system.

By the way, I have taken a look at 12H and 8H candles.
Might work with the way I do things now, but sadly the candle forms at awkward times in my place
(12H candles are 6AM and 6PM; the 6AM one is hard + it is spread hours. 8H is a bit better though.)
  • #754
  • Oct 21, 2022 9:00pm Oct 21, 2022 9:00pm
Quoting stsh8
{quote} Congratz with milestone Jpn! And good luck in trading!
Many many thanks
Let's do this together!
  • #755
  • Oct 22, 2022 12:13pm Oct 22, 2022 12:13pm
Great job in all of you i see....

I am using the weekend to improve the understanding what ALI call " market condition", reading a good book (the art and science of tech analysis -Grimes)

A question to our Guru:

When you draw a support or a resistence or a trend line on our set up (APB candle) you draw it on the top of the wick or on the close of the candle?

because the pure theory (on normal candle) says we have to draw the lines on the close but here with APB is different.

On the draw Of ALI or others of you in this thread is not clear.

Thanks everybody.

Paolo
  • #756
  • Oct 24, 2022 1:19am Oct 24, 2022 1:19am
Look at the potential of some of these commodities I am adding to my list:
This is Natural Gas.D chart
I also do: (all in D charts, some have weird open and closing times).
SUGAR
COPPER
SOYBEANS
SILVER
WHEAT
CORN
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  • #757
  • Oct 24, 2022 2:22am Oct 24, 2022 2:22am
Quoting cuchuflito
Look at the potential of some of these commodities I am adding to my list: This is Natural Gas.D chart I also do: (all in D charts, some have weird open and closing times). SUGAR COPPER SOYBEANS SILVER WHEAT CORN {image}
Hi cuchu,

tks for sharing, right now 8.17 AM London time, among you selected i do not see potential in what you selected.

i am monitoring
USDCHF (H4) for a pull back
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EURUSD (daily) may be tomorrow
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have a nice day to all

Paolo
  • #758
  • Oct 24, 2022 3:18am Oct 24, 2022 3:18am
I have modified MT4 original MACD indicator to the 2 lines MACD. The MACD 2 lines I downloaded here required me to enable DLL imports, not sure why.

But with this one, the result is identical and no need of DLL. Hope it may be useful to some of you.
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Attached File(s)
File Type: ex4 MACD2.ex4   10 KB | 157 downloads
  • #759
  • Oct 24, 2022 4:28am Oct 24, 2022 4:28am
Quoting paolo7
{quote} Hi cuchu, tks for sharing, right now 8.17 AM London time, among you selected i do not see potential in what you selected. i am monitoring USDCHF (H4) for a pull back {image}EURUSD (daily) may be tomorrow {image}have a nice day to all Paolo
Remember my charts are 12 H
USDCHF turned north as expected, I did not take it, my other filters were negative. It would have been a BE at best.
  • #760
  • Oct 24, 2022 4:43am Oct 24, 2022 4:43am
Quoting paolo7
{quote} Hi cuchu, tks for sharing, right now 8.17 AM London time, among you selected i do not see potential in what you selected. i am monitoring USDCHF (H4) for a pull back {image}EURUSD (daily) may be tomorrow {image}have a nice day to all Paolo
Here is AUDUSD 12 H
It has a negative or inverted diversion (blue lines), my filter: a 2,5 Day chart (half a week chart), and momentum indicators are not AA, but reasonable.
Also, there is a stop run.
I might consider a short when that new 12 H bar closes, tonight, before bedtime.
Aussie, Cable, Eurusd, Jappy, they are fully infected with Stop runs created by the Big Boys.
Actually, the whole market is, but the majors have more "retailer meat" for them, and their software just plays the game, day in and day out.
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