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Guppy re-invented

  • #721
  • Jul 23, 2024 11:03am Jul 23, 2024 11:03am
There are setups within setups. and much better entries (very low risk and very very high reward) if you understand the system.
RSIOMA is a very roboust indicator and is very important in making trading decisions.
for example, my trade today was purely based on RSIOMA BULLISH DIVERGENCE.
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Pic of buy order.

Situation right now.
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There is lots more to teach, learn, understand.
Plan the Trade and then Trade the Plan.
  • #722
  • Jul 23, 2024 11:13am Jul 23, 2024 11:13am
Quoting walvekarraje
There are setups within setups. and much better entries (very low risk and very very high reward) if you understand the system. RSIOMA is a very roboust indicator and is very important in making trading decisions. for example, my trade today was purely based on RSIOMA BULLISH DIVERGENCE. {image} Pic of buy order. Situation right now. {image} There is lots more to teach, learn, understand. Plan the Trade and then Trade the Plan.
Hello
Can you check GBPUSD?
  • #723
  • Jul 23, 2024 11:21am Jul 23, 2024 11:21am
Quoting ordosgoitia
{quote} Hello Can you check GBPUSD?
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On H4 wait for PBC buy alert and Gann 9 alert to enter long .
1) in a strong uptrend this is a pullback with consolidation for many candles.
2) there is no short trade as RSIOMA is touching level 20 which is oversold level.
  • #724
  • Jul 23, 2024 11:26am Jul 23, 2024 11:26am
Quoting ordosgoitia
{quote} Hello Can you check GBPUSD?
The only way to win in trading is to play the probablities....Jack D Schwager
This system is desghined exactly to do so.
  • #725
  • Jul 23, 2024 11:34am Jul 23, 2024 11:34am
Quoting walvekarraje
{quote} I really have no idea if this system can be backtested with so many indicators and parameters. Though Gann 9 points the entry candle, our entries are not on every alert... i will suggest a manual backtest where all conditions are satisfied. Second and better option is to view my trading journal and the trade list. It will be a backtest as well as a forward test as the journal will not lie.
I made a backtest with my EA for 2024 on EURUSD H4. For the moment, this EA is still under development.

Please find below results.

My setup with my EA is:

1) All trend envelopes must be the same color: Lime for a BUY and Magenta for a SELL.
2) Gann vertical dotted line must be Lime for a BUY and Magenta for a SELL.
3) RSIOMA must be Lime for a BUY and Magenta for a SELL and must be in a zone between 65 (OverBoughtZone) and 35 (OverSoldZone).
4) Stoploss = High-Low
5) Take profit = R:R 1:1

You can check this 19 trades on your own EURUSD H4 Guppy chart with the list of trades made by my EA.

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Guppy re-invented All Time Return: 83.3%
  • #726
  • Jul 23, 2024 11:50am Jul 23, 2024 11:50am
Quoting 8tango
{quote}
I understand only one line in your post.
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  • #727
  • Jul 23, 2024 11:50am Jul 23, 2024 11:50am
Quoting walvekarraje
There are setups within setups. and much better entries (very low risk and very very high reward) if you understand the system. RSIOMA is a very roboust indicator and is very important in making trading decisions. for example, my trade today was purely based on RSIOMA BULLISH DIVERGENCE. {image} Pic of buy order. Situation right now. {image} There is lots more to teach, learn, understand. Plan the Trade and then Trade the Plan.
That's high quality trading.

Kind regards
Don't trade because you think you have to do something.
  • #728
  • Jul 23, 2024 12:18pm Jul 23, 2024 12:18pm
Hello doctor.
I have a question to understand better.
Would it be a good BUY setup if "SWGHL" would be between the 20 and 10 lines?
The way we see it now, there would be a very high possibility that the trend will continue towards sell because "SWGHL is at the 50 line?
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Kind regards
Don't trade because you think you have to do something.
  • #729
  • Jul 23, 2024 1:26pm Jul 23, 2024 1:26pm
Quoting walvekarraje
{quote} {image} On H4 wait for PBC buy alert and Gann 9 alert to enter long . 1) in a strong uptrend this is a pullback with consolidation for many candles. 2) there is no short trade as RSIOMA is touching level 20 which is oversold level.
HI
One question, you don't use hitogram? why?
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  • #730
  • Jul 23, 2024 2:06pm Jul 23, 2024 2:06pm
Quoting Kraneos
Here we see an example of a sale at this time, GOLD M1. {image} We close and wait for the next one... management and patience... {image} Today's testing results on 28 operations in ORO M1. {image} I'm going to the beach, see you soon friends..
Thank you all very much. very useful sharing. are you using the indicators and template on the first page?
  • #731
  • Jul 23, 2024 2:56pm Jul 23, 2024 2:56pm
Quoting ozkanim
{quote} Thank you all very much. very useful sharing. are you using the indicators and template on the first page?
Yes, but with the histograms set to M1/M5 and softer colors.
You have the template in Post 621.
Saludos, K.
  • #732
  • Jul 23, 2024 4:06pm Jul 23, 2024 4:06pm
Quoting walvekarraje
{quote} Very true. Why try to analyse what is inside the system. Are the indicators same or renamed? I have given a tool on a silver platter. Just use it. When in doubt, look at my trading journal.
Human are design for breaking the rule, over thinking and feeling unsecure .
Psycology plays big part while we trade.
  • #733
  • Jul 23, 2024 5:43pm Jul 23, 2024 5:43pm
Quoting morde
Hello Kraneos, thanks for the great demonstration. May I ask why we shouldn’t take a trade at the yellow arrow on the picture? {image}
There is no color change where I marked. I think that's the reason
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  • #734
  • Jul 23, 2024 9:36pm Jul 23, 2024 9:36pm
Quoting Michael.MSA
Hello doctor. I have a question to understand better. Would it be a good BUY setup if "SWGHL" would be between the 20 and 10 lines? The way we see it now, there would be a very high possibility that the trend will continue towards sell because "SWGHL is at the 50 line? Kind regards
SWGHL is subwindow gann hi lo. This is a chart indicator which i have converted to subwindow for convinience. This is not a oscillator so has no relation to any levels.
If you scroll the chart to left you ill see its posiotion change with respect to levels.
  • #735
  • Jul 23, 2024 10:35pm Jul 23, 2024 10:35pm
Quoting walvekarraje
{quote} SWGHL is subwindow gann hi lo. This is a chart indicator which i have converted to subwindow for convinience. This is not a oscillator so has no relation to any levels. If you scroll the chart to left you ill see its posiotion change with respect to levels.
Ok, then it doesn't matter what level SWGHL is at, it is just important for a good setup that it has the same color as all other indicators?

Is that right?

Best regards
Don't trade because you think you have to do something.
  • #736
  • Jul 23, 2024 11:08pm Jul 23, 2024 11:08pm
Follow the color.
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  • #737
  • Jul 24, 2024 3:26am Jul 24, 2024 3:26am
From 19 July 2024 - 24 July 2024.

Thank you Doctor @walvekarraje for creating this beautiful system.
I use no magic for this system, only follow the basic rule from doctor "Follow the Color"
Report below prove that your system works in 1 minute TF also.
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  • #738
  • Jul 24, 2024 3:55am Jul 24, 2024 3:55am
Quoting Kraneos
With the Doctor's permission, here is my M1/M5 template, in case anyone wants to try it.{image} {file}
histogram not showing with mine can you help me
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  • #739
  • Jul 24, 2024 4:03am Jul 24, 2024 4:03am
Quoting tapikotakupe
{quote}histogram not showing with mine can you help me {image}
Add the histogram to it with settings 45 and 135 for 1min while 27 and 54 is for 5 min trading.
  • #740
  • Jul 24, 2024 4:04am Jul 24, 2024 4:04am
Quoting PipsArt
Follow the color. {image}
Hello there. Why don't you use the star and gann lines?
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