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Attachments: SRDC Episode I
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SRDC Episode I

  • #561
  • Nov 22, 2006 11:38am Nov 22, 2006 11:38am
Quoting Lou G
My backtesting does not indicate that this method (as we know it up to this point) will produce long-term profits
Lou,

have you tested it without SL?
  • #562
  • Nov 22, 2006 12:38pm Nov 22, 2006 12:38pm
Quoting Geldschlucker
Lou,

have you tested it without SL?
Yes, and also attempted to optimize several combinations of the primary factors (InitialStop, TakeProfit, TrailingStop). I have had some short-term success, a good month here and there, but no success in testing for the current year-to-date. That's why I want to wait and see what is in store from the author in subsequent levels of the method - I feel there is a great deal of potential in this approach. OrangeRoshan has made several veiled references to using multiple lots (vis-a-vis Vegas) and tiered defensive trading techniques (T1, T2, T3) and I'm eager to see how he will tie all this together.
Old Benjamin was right
  • #563
  • Nov 22, 2006 2:03pm Nov 22, 2006 2:03pm
Quoting Lou G
Yes, and also attempted to optimize several combinations of the primary factors (InitialStop, TakeProfit, TrailingStop). I have had some short-term success, a good month here and there, but no success in testing for the current year-to-date. That's why I want to wait and see what is in store from the author in subsequent levels of the method - I feel there is a great deal of potential in this approach. OrangeRoshan has made several veiled references to using multiple lots (vis-a-vis Vegas) and tiered defensive trading techniques (T1, T2, T3) and I'm eager to see how he will tie all this together.
Hey,

I've had great results with this method. Before the new daily candle starts I get a feel for the pairs I'm trading, fundamentally and technically . Each pair is like the weather,its going to have a different dynamic from day to day. You have to prepare for it each day.

Regards

Alex
  • #564
  • Nov 22, 2006 3:43pm Nov 22, 2006 3:43pm
Quoting AlexFX
Hey,

I've had great results with this method. Before the new daily candle starts I get a feel for the pairs I'm trading, fundamentally and technically . Each pair is like the weather,its going to have a different dynamic from day to day. You have to prepare for it each day.

Regards

Alex
No misunderstanding between us - I think this approach has great potential. Attached find a Strategy Builder report for the period 10/26 (the day after the thread began) through the current day. As you can see, the return on investment is excellent for a 100% mechanical strategy. I used a stoploss of 20 and takeprofit of 40 to get these numbers. Unfortunately, when applied to a longer term similar profits are not there. Perhaps the info contained in the 75% of the method that has not been revealed yet will enable similar profit to be obtained on a consistent basis.

I'm a big fan of SRDC
Attached File(s)
File Type: txt Results.txt   < 1 KB | 976 downloads
Old Benjamin was right
  • #565
  • Nov 22, 2006 4:06pm Nov 22, 2006 4:06pm
Quoting Lou G
No misunderstanding between us - I think this approach has great potential. Attached find a Strategy Builder report for the period 10/26 (the day after the thread began) through the current day. As you can see, the return on investment is excellent for a 100% mechanical strategy. I used a stoploss of 20 and takeprofit of 40 to get these numbers. Unfortunately, when applied to a longer term similar profits are not there. Perhaps the info contained in the 75% of the method that has not been revealed yet will enable similar profit to be obtained on a consistent basis.

I'm a big fan of SRDC
Hey,

Good on you for doing your own research and establishing a frame work to move within. I personally like to look after my trades until the're into positive pips, at my descretion, then "BE" for the larger move with a "TP" also at my descretion. Remember before I trade I research the pairs I'm trading to get a feel for where they are fundamentally and technically.
All the best

Alex
  • #566
  • Nov 23, 2006 2:15am Nov 23, 2006 2:15am
Hi Everyone,

Stay motivated as im ready to moved on to level 2. Since Level 2 is not for beginners, It will be posted at Trading Systems Forum. Those are not familliar with Level 1, I suggest to study this thread 1st then move on to the Level 2 after a proper understanding of it.

Let me remind everyone, especially beginners: I will not entertain Newbie question inside the new Thread. Newbie questions should be posted here where it belongs.

Forex is a Huge business, Dont take it lightly.

May the Force be with the Turkey!!
Change Your Thinking. Change Your Life - JD
  • #567
  • Nov 23, 2006 9:43am Nov 23, 2006 9:43am
Quoting Lou G
I'm re-posting the original SRDC indicator and the EA I use below. After I posted the first version of the indicator I received a request to change it to accomodate different times for starting the "day". I tried to do this but, since I am not a very experienced MQL4 coder, it never worked properly so I gave up for now- perhaps I'll get it working in the future.

The indicator and expert posted run on server time. For me, this is GMT+2 but, as the author of this thread has said, when your server starts the day should have no effect on the functionality of the approach.

The modifiable items in the EA are self-explanatory:

InitialStop - just what it says
TakeProfit - ditto
TrailingStop - if non-zero, will be applied in the normal way
Padding - this is the amount suggested by OrangeRoshan to be added to the price for the stop orders.
StartTime - Not used (see above). Orders will be opened/closed when your server says it is midnight.

The EA has been tested pretty thoroughly and seems to do the basic job. Any problems, please post to the thread rather than PM me.
Lou G,
I did not try ur EA yet, but I am wonderig since I am using the same EA for all pair ( RURUSD GBPUSD AUDUSD) still I noticed that when the StopLoss is trigerred the losses are totally different for each pair. The Profits are different too! Any expalination for that?
TIA
  • #568
  • Nov 23, 2006 9:49am Nov 23, 2006 9:49am
Quoting OrangeRoshan
May the turkey be on my plate!!
No Kue Mangkok ??
  • #569
  • Nov 23, 2006 12:52pm Nov 23, 2006 12:52pm
Quoting GolfCoach
new to mt and spending hours with simple little things to organize charts. Anyone...how do I combine indicators in one pane instead of having several panes on top of each other? Sure appreciate it.

Chris
There will be 3 tabs, Parameters, Levels and Visualization everytime you create a new indicator. On the Visualization, click Show in the Data window.

That should do the Jedi Trick!

Hope that pips!
Change Your Thinking. Change Your Life - JD
  • #570
  • Nov 23, 2006 7:54pm Nov 23, 2006 7:54pm
Orange, I am I guess a newbe at this and downloaded the OrangeRoshhan's SRDC Method. I under stand you put a trendline at the support and one at the resistance. an wait for the trade to open and take your pips and close. once the trade opens close the other one and that is it. Have I got this right or what am I missing. I here everyone talking about EA's and I don't know what that is can you inlghten on that please.And is there something I am missing.And is there a SL set or not.
Please help I want to be a good trader when I start my first real account. I have been looking for a Method now fpr 6 months. I still have alot to learn and I still can not keep a postive account...
Thanks
A cry for Help....
Quoting accrete
OK, all in favor of Orange taking a day off from EA coding raise their hands. I think he's loosing it cuz he's mixing up is story lines.


PS. just joking. Always enjoy your ideas Orange. Keep up the good work even though you are a bit crazed at times.
  • #571
  • Nov 23, 2006 10:36pm Nov 23, 2006 10:36pm
Quoting Harry111
Orange, I am I guess a newbe at this and downloaded the OrangeRoshhan's SRDC Method. I under stand you put a trendline at the support and one at the resistance. an wait for the trade to open and take your pips and close. once the trade opens close the other one and that is it. Have I got this right or what am I missing. I here everyone talking about EA's and I don't know what that is can you inlghten on that please.And is there something I am missing.And is there a SL set or not.
Please help I want to be a good trader when I start my first real account. I have been looking for a Method now fpr 6 months. I still have alot to learn and I still can not keep a postive account...
Thanks
A cry for Help....
Hi Harry, I think you got all the method wrong, sorry mate. You open trades that penetrated the Support & Resistance, which is the High and Lows of the Daily candle (switch to daily candle and look at yesterday's candle versus todays').

The Trend lines, The channel we call it has a median ( a parallel line to both the high trend and low trend lines). This is use to determined and anticipate the candle movement in H1 chart. You may also draw it on Daily.

Download my original attachment on my 1st post and read thoroughly. As you are a beginner, pls use demo account only, until you know your stuff. But when you must use you life account, use minimal, say 0.01 lot.

Happy pipping
Change Your Thinking. Change Your Life - JD
  • #572
  • Nov 25, 2006 3:47pm Nov 25, 2006 3:47pm
Yeah, sorry. A little bit confused here. I don't completely follow what you mean by 5+spread+1 ; stop loss zero.

Where exactly do you place the stop order for the breakout. 5 pips +spread, 6pips + spread?

Example:
Let's say support is at 10 (some number) : would short stop be at 4, 5,?
Let's say resistance is at 20 (some number) : would long stop be at 25,26?
*Both spreads are 5.

Targets are +5, +10, and what not...


Stop loss is 10 for all three majors, am I correct?


Also, there's some templates that I'm testing that is very similar to this (level trading) that I might share if all goes well...

Thanks
  • #573
  • Nov 25, 2006 5:46pm Nov 25, 2006 5:46pm
Hello Sky,


Here is OrangeRoshan's document that explains the SRDC method.

Attached Files<TABLE cellSpacing=3 cellPadding=0 border=0><TBODY><TR><TD>http://www.forexfactory.com/forexfor...attach/doc.gif</TD><TD>OrangeRoshan SRDC method.doc (112.5 KB, 1131 views)</TD></TR></TBODY></TABLE>


Hope this helps
All 4 1 and 1 4 All
  • #574
  • Nov 25, 2006 5:53pm Nov 25, 2006 5:53pm
I really like this system, I have seen some real potential, has everone else seen any down side to this system, seems that the down side is very limited.
  • #575
  • Nov 25, 2006 6:06pm Nov 25, 2006 6:06pm
[img]file:///C:/Downloads/eurusd.gif[/img]test
Old Benjamin was right
  • #576
  • Nov 26, 2006 5:10am Nov 26, 2006 5:10am
Quoting 4rex
Hello Sky,


Here is OrangeRoshan's document that explains the SRDC method.

Attached Files<table border="0" cellpadding="0" cellspacing="3"><tbody><tr><td>http://www.forexfactory.com/forexfor...attach/doc.gif</td><td>OrangeRoshan SRDC method.doc (112.5 KB, 1131 views)</td></tr></tbody></table>


Hope this helps

Yeah, thanks. But I've already read it like twice before. I accidentally asked him via email and he told me the stuff. I didn't know the stoploss had to be so big though. 50 stop loss for 5~10 gain? Thought stoploss was like 10 for a 5 pip gain.
  • #577
  • Nov 26, 2006 5:16am Nov 26, 2006 5:16am
Quoting Skyhr
Yeah, thanks. But I've already read it like twice before. I accidentally asked him via email and he told me the stuff. I didn't know the stoploss had to be so big though. 50 stop loss for 5~10 gain? Thought stoploss was like 10 for a 5 pip gain.
http://www.forexfactory.com/forexfor...5&postcount=71

A stoploss is not necessarily a win/loss ratio But more importantly to keep your trade a winning one, which in this case Stooped-out on a temporary trend change before following the original trend.

May the force pips with you.
Change Your Thinking. Change Your Life - JD
  • #578
  • Nov 26, 2006 5:23am Nov 26, 2006 5:23am
All right. Thanks a lot. Looks like a great beginning to my forex career!

May the force be pimpin/pippin (haha, sorry i'm not creative)
  • #579
  • Nov 26, 2006 10:45am Nov 26, 2006 10:45am
Quoting etoilethay
Lou G,
I did not try ur EA yet, but I am wonderig since I am using the same EA for all pair ( RURUSD GBPUSD AUDUSD) still I noticed that when the StopLoss is trigerred the losses are totally different for each pair. The Profits are different too! Any expalination for that?
TIA
The absolute value of a pip is different for each currency.
Old Benjamin was right
  • #580
  • Nov 26, 2006 10:02pm Nov 26, 2006 10:02pm
Ok, Orange I will try and get this right. I look at the previous days candle and set a support and resis at the top and botto of the candle. I will set and entry order at those s an r lines plus 5+SPREAD +1 AND WAIT FOR THE ORDER TO OPEN...
Quoting OrangeRoshan
Hi Harry, I think you got all the method wrong, sorry mate. You open trades that penetrated the Support & Resistance, which is the High and Lows of the Daily candle (switch to daily candle and look at yesterday's candle versus todays').

The Trend lines, The channel we call it has a median ( a parallel line to both the high trend and low trend lines). This is use to determined and anticipate the candle movement in H1 chart. You may also draw it on Daily.

Download my original attachment on my 1st post and read thoroughly. As you are a beginner, pls use demo account only, until you know your stuff. But when you must use you life account, use minimal, say 0.01 lot.

Happy pipping
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