Thankyou everyone for standing by me. I will reupload all files tomorrow
Thanks Doc.
Welcome back.
Kind regards
Don't trade because you think you have to do something.
- #284
- Jun 21, 2024 9:35am Jun 21, 2024 9:35am
- Joined Mar 2022 | Status: Trader | 6,562 Posts
{quote} BestTraderEv. If you find this strategy does not help you, please go elsewhere and say nothing more here.
However, you have no right or place to tell me what to do or not to do!
And, for sure, you won't be getting any coding help from me!
If anyone is interested, this is what this strategy can be stripped down to:
And nothing else is needed, just Money Management.
Just one thing: the SL lines are total BS.
If we follow any of those SL lines, we will not get the full potential of the move.
But, on the other hand, if we don't, we will lose more.
So, there is no golden rule.
We must do it discretionally.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
{quote} You are absolutely entitled to have your opinion! However, you have no right or place to tell me what to do or not to do! And, for sure, you won't be getting any coding help from me! If anyone is interested, this is what this strategy can be stripped down to: {image} And nothing else is needed, just Money Management. Just one thing: the SL lines are total BS. If we follow any of those SL lines, we will not get the full potential of the move. But, on the other hand, if we don't, we will lose more. So, there is no golden rule. We must do it...
- #289
- Jun 21, 2024 9:56am Jun 21, 2024 9:56am
- Joined Mar 2022 | Status: Trader | 6,562 Posts
{quote} look rubbish in comparison to the guppy approach, IMHO
This is showing exactly the same thing.
With only two of the indicators from the strategy.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
- #290
- Edited 10:28am Jun 21, 2024 9:59am | Edited 10:28am
- Joined Mar 2022 | Status: Trader | 6,562 Posts
{quote} And whats that got to do with this thread?
I just noned all the arrows, changed colors, and shifted the MA's 3.
And made the REVERSAL MA thicker.
So, what you have here, is the REVERSAL MA, which you should trade the Break Candle, and the theoretical SL MA.
All very simple.
The thick MA is the REVERSAL MA.
Red at the support as the Break for Short.
Green at the Resistance as the Break for Long.
Like at the top of the image, where we see a lot of false Breaks.
No need for any other stuff which actually does nothing for what will happen after we take a position.
When the trend is strong, the thick MA plays it's role.
However, we see all this in the past.
We never know if there will be a strong trend, or if the price will go sideways.
And we tend to lose the most when the price refuses to trend.
And that's why we need something to prevent us from overtrading at sideways market.
For this strategy, of course.
Like at the top of the image, where we see a lot of false Breaks.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
{quote} Very interesting looking chart BestTraderEv, I am interested to know...
, you clearly are a fan of BesTradeEv
- #293
- Edited 11:10am Jun 21, 2024 10:11am | Edited 11:10am
- Joined Mar 2022 | Status: Trader | 6,562 Posts
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
- #294
- Edited 10:34am Jun 21, 2024 10:15am | Edited 10:34am
- Joined Mar 2022 | Status: Trader | 6,562 Posts
{quote} very interesting looking chart? lol are you serious, it looks like a chart my 5 year old drew all over
A huge blob of paint on the paper which doesn't resemble anything real.
It resembles something I was doing maybe ten years ago.
My chart was so full of lines and zones, and what not, that the real candles become invisible.
And in this Guppy thing, the candles aren't even real!
You show me one proffessional trader who trades such stuff!
What do you think that all those lines, colors, and stuff actually add to your trading results?
And those are the actual lines from the strategy, not something I plotted!
So, what are you talking about?
See for yourself. Get rid of all the other indicators and just leave those two.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
- #296
- Jun 21, 2024 10:54am Jun 21, 2024 10:54am
- Joined Mar 2022 | Status: Trader | 6,562 Posts
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
- #297
- Edited 11:18am Jun 21, 2024 10:57am | Edited 11:18am
- Joined Mar 2022 | Status: Trader | 6,562 Posts
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
Hi friends.
I have a hard time understanding how one can argue with other people about indicators and trading systems.
Everyone who creates a trading system has their ideas about what they want to achieve with it.
There are so many different indicators. What do they do? This is very easy to see. They chase the price because they need a guide, without the price the indicator doesn't know where to go.
For the price it´s not important, if a few MAs cross each other, or whether a line from the Stochastic crosses any level.
Anyone who has worked in Forex trading for a longer time has probably heard about support and resistance lines. These lines are created by the behavior of the traders. These lines are the magnets that keep attracting the price. Actually, you don't need any other indicators because the price finds its way to these lines, or rather levels, all by itself.
If you don't believe that, you can install a tool like this on the chart and watch how the price goes to these levels in all time frames.
I haven't been able to figure out why that is, but I have an idea. It would be possible that these levels are take profit levels from the Big Player, and that is why the prices are consistently guided towards these lines.
Why does the price turn around when it reaches such a level? As some big players have reached their take profit and are cashing in, this leads to a price reversal.
If you look at the charts carefully, you can easily guess where Forex traders will move the price.
I also have a few small arrows on my charts, but I don't necessarily need them, they're there because it looks nice and has a small psychological effect. So, as I said, these levels don't come about because a few indicators cross each other, but they are there and came about because money was invested there with the aim of getting to another resistance or support level.
I make my trades very carefully, and when I make one, then I get a hit.
This is where the Guppy trading system comes into play. This can make trading decisions much easier and I'm glad that it exists, thank you Doc.
If you would like to have some take profit levels, simply add a slightly modified Fibonacci (member Gleam showed me that) and you will definitely not be disappointed.
Every trader can try that. It helps with earning money. So, there is no reason for unnecessary arguments.
I'm not introducing a new trading idea. I'm just showing that it's not worth making such a big fuss about a lovingly developed trading strategy.
Best regards to everybody.
I have a hard time understanding how one can argue with other people about indicators and trading systems.
Everyone who creates a trading system has their ideas about what they want to achieve with it.
There are so many different indicators. What do they do? This is very easy to see. They chase the price because they need a guide, without the price the indicator doesn't know where to go.
For the price it´s not important, if a few MAs cross each other, or whether a line from the Stochastic crosses any level.
Anyone who has worked in Forex trading for a longer time has probably heard about support and resistance lines. These lines are created by the behavior of the traders. These lines are the magnets that keep attracting the price. Actually, you don't need any other indicators because the price finds its way to these lines, or rather levels, all by itself.
If you don't believe that, you can install a tool like this on the chart and watch how the price goes to these levels in all time frames.
I haven't been able to figure out why that is, but I have an idea. It would be possible that these levels are take profit levels from the Big Player, and that is why the prices are consistently guided towards these lines.
Why does the price turn around when it reaches such a level? As some big players have reached their take profit and are cashing in, this leads to a price reversal.
If you look at the charts carefully, you can easily guess where Forex traders will move the price.
I also have a few small arrows on my charts, but I don't necessarily need them, they're there because it looks nice and has a small psychological effect. So, as I said, these levels don't come about because a few indicators cross each other, but they are there and came about because money was invested there with the aim of getting to another resistance or support level.
I make my trades very carefully, and when I make one, then I get a hit.
This is where the Guppy trading system comes into play. This can make trading decisions much easier and I'm glad that it exists, thank you Doc.
If you would like to have some take profit levels, simply add a slightly modified Fibonacci (member Gleam showed me that) and you will definitely not be disappointed.
Every trader can try that. It helps with earning money. So, there is no reason for unnecessary arguments.
I'm not introducing a new trading idea. I'm just showing that it's not worth making such a big fuss about a lovingly developed trading strategy.
Best regards to everybody.
Don't trade because you think you have to do something.
- #300
- Jun 22, 2024 2:50am Jun 22, 2024 2:50am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
{quote} Dear Doctor!
I will try to answer your questions to the best of my knowledge.
To start with in my original first post, all the documents were under the heading of Guidelines. I never said rules of trading... Rules are strict, Guidelines are “something that can be used to help you make a decision or form an opinion.”.
You said “However, if there are no rules, the strategy is basically hit-or-miss.
You have no rules for TP and SL.”
The 5th sentence in my first document is “Trend envelops from 3 to 51. Special attention is to 3,9,21and 51.red blue lines with circle dot or star. (the values are seen in data window in the same order).
3 and 9 are to identify pullback continuation pattern
21 is for stoploss
51 is for reversals.
“You have defined the entry nicely, but then the rest is gambling.”
Well, trading is not gambling. It is taking calculated risks.
Page 10) or the end of the document:
So, the trade should be squared off at
A) trend envelope “PBC SELL” alert
B) trail SL at trend envelope 21. (third value in data window)
C) APB bearish candle/Gann “trend reversed sell” alert.
I square off irrespective of profit/loss if
1) Opposite colour bullish or bearish APB candle.
2) All rsioma change to opposite colour.
The answers to your questions are already documented.
You said “However, you're not telling us a miilion things about what you do and what you don't do when you trade.
So, your specific case tells us nothing, because we don't actually know if You, yourself are actually following what you write, here?
It may even be the case that You, yourself don't know.
It is almost always the case that the trader tells us a strategy which the trader isn’t actually following, and their trading is discretionary.” “Your strategy is missing all the most important elements”
In the documents about RSIOMA and APB candles, I have clearly written with pictures illustrating how to interpret them on our charts. (Which is nothing close to the way they are traditionally used.)
None of the indicators I have used the default settings, but I have optimized them to synchronize with our charts and define clear entry candle.
You said
“What kind of leverage do you need to have in order to enter 4 lots with 2456.86 USD and still have 1612.52% Margin Level???
Where do you get such trading conditions???”
Here you are right. I have no experience in in trading forex market. I trade in Indian markets. We don’t have mini or micro lots. In the document. “My method of trading: I enter with 2 lots. My initial stoploss is previous swing high/low. As the trade progresses, I shift SL to trend envelope 21 (third value in data window). I square off one lot with R:R 1:1 . second lot I carry till I get a opposite signal.”
Same principle I used in trading demo account. I had no idea that this will amount to trading unrealistic conditions or huge fraud or scam. Here please ignore my ignorance.
Finally, I am addressing you Respected because I mean it. I have been reading your posts in the other thread without missing a single one. Your skills as a coder are exceptional and you use them to help others is very creditable. Your work on “RSIOMA_v4.0_alerts_collab” was at my request and I cant imagine the amount of hard work and the number of hours you put into it. Unfortunately, it did not work with my charts as expected, still I am grateful for that.
I have already said this twice and I will say it again.
Happy to see you here.
‘