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TEB sytstem

  • #1,841
  • Edited 7:33pm Jul 14, 2007 7:32pm | Edited 7:33pm
Quoting Bolt
If im not mistaken this thread started off some 123 pages ago a simple stochy ma system and now despite hundreds of themes later no one found the right combination........Mmmm i wonder why?
Oh I wouldn't say that.

I'm using a stoch 14,3,3 on 60 min and 5,3,3 on 4 hour. I have it set for the last 3 bars on 60 min and last 2 bars on 4 hour. when they all line up, it's the entry.

I use Heiken_Ashi_Ma for the exit.

In back testing from 1/1/07 to 6/30/07, GBPUSD I've taken 10k in play USD and turned it into 50k USD for that timeframe.

BTW, this is using an EA I w/ money management I wrote.

I'm just trying to figure out how to not get into some of the big loss trades.

I've been hesitating doing forward testing w/ this. Don't know why though.:
  • #1,842
  • Jul 14, 2007 10:00pm Jul 14, 2007 10:00pm
Quoting Bolt
If im not mistaken this thread started off some 123 pages ago a simple stochy ma system and now despite hundreds of themes later no one found the right combination........Mmmm i wonder why?
Hi Bolt

No it began & will always be about MTF trading

1. Stochs were the tool of choice
2. But I have said I want to be as simply as possible.
that is my goal

3. TEB1 & TEB2 work very very well
I made very good money with them anyways
& I called a number of trades live with both very well.

But in the idea of simple I want to go in the end away from tools
as much as possible ..

I see MTF Channels as better then Stochs.
if that turns out not to be true - Believe me I will come back to Stoch

TEB1 is better for long calls
TEB2 is better for sort calls

I hope that helps

I will answer the other stuff later in a week
"as I was never here to night"

TEB
  • #1,843
  • Jul 15, 2007 1:35am Jul 15, 2007 1:35am
Quoting Bolt
If im not mistaken this thread started off some 123 pages ago a simple stochy ma system and now despite hundreds of themes later no one found the right combination........Mmmm i wonder why?
Mmmmmmm.... I wonder why? Since you've obviously read all 123 pages, maybe you can tell us why?
  • #1,844
  • Jul 15, 2007 2:04am Jul 15, 2007 2:04am
Quoting TEB63
Attachment
U/J 4 hour

Black line hour channels
red line day channels
blue line 4 hour channels (2 of them 4 hour)
black line 00 natural support

yellow circle area of great Support
we see the day, hour & 4 hour channels (1 of the 2) & 00 natural S/R
And it seems to be holding the line. strongly!

I think this yellow area may well hold .
I don't think Carry trade will die so easy
BUT if it doesn't hold - we may well see a free fall!!!!!

The problem I have with this chart is
I see 2 very clear 4 hour channels! (blue channels)

my new rules are to only trade with the 4 hour & day channels
& I am not sure I am doing that right now.
- because I do not know which 4 hour channel is right

also both stochs are going South so the "big M" is clear
and last- this Monday is a Holiday in Japan & its summer of coarse.

So I really don't know what is going to happen?!

I made a mistake - I started trading this set of trades using Stochs & channels
& changed over to using basically just channels.
The old saying Stay with one System in a trade!!!

anyways I am closing down all U/J trade for a good size lose
I will be possitive for the week but it still hurt bad

I will be on Vacation next week
& when I come back I will be trading with channels.


TEB

TEB what are ur thoughts on G/U
  • #1,845
  • Edited 6:57am Jul 15, 2007 6:16am | Edited 6:57am
Quoting chonpz
TEB what are ur thoughts on G/U
Attached Image (click to enlarge)
Click to Enlarge Name: gj.jpg Size: 50 KB


G/J 4 hour

1. Channel System
a. Buy/ sell on a bounce or break of the yellow area.
4 hour channel - light blue lines
b.1 hour trend line moving down- sell sign- dark blue line

2.TEB 2 says its going down .
May want to let it reload on the 30 min chart

3. TEB 1 says nothing

But Monday is a holiday in Japan,
Personally I would wait to see what the market is going to do with carry trade
I think we will have a big move -- up or down.

Uj looks like it wants to go uo gj & ej look looks like they want to go down!
so I bailed till I see what will happen
the more I look it looks more & more down for the 3.


TEB
  • #1,846
  • Jul 15, 2007 9:14am Jul 15, 2007 9:14am
Hi guys

I am gone now see you a week monday.

Two pairs to watch both buys!

Gbp/Chf
Eur/Cad

TEB
  • #1,847
  • Jul 15, 2007 10:13am Jul 15, 2007 10:13am
Quoting TEB63
Well that is a Funny thing

TEB1- One Stoch setting 5.3.3 Simply- High/low
a. on the day& hour & 30 mins chart
b.the 4hour & 30min
& you add a 50eMA (20sma) on the 30 min chart for pip room

TEB2 - @ stochs -5.3.3 & 14.3.3 ( same settings as above)f
a. 4 hour & 30 min
b. 30 min & 5 mins

hope that helps

TEB
Can anyone answer this?

Which stoch should we use for which timeframe? I'm using 5,3,3 on 4 hr and 14,3,3 on 60 (I'm using 4 hour and 60 min).

1. Should I switch from 60 to 30? I've found that doesn't work out well.
2. Should I have both stoch's on both timeframes?


I know TEB's busy and probably hasn't had the time to answer. Maybe someone else here can. Just a little clarification. Reason is because I'm writing an EA based on this.

thanks in advance for your answer!

-Nondisclosure00(FF left of the '7').
  • #1,848
  • Jul 15, 2007 10:52am Jul 15, 2007 10:52am
Hey nondisclosure...TEB's statement already contains the answer you are looking for.

If you are using TEB1. Then you would use 5,3,3 stoch settings on the daily, the 1hr and then the 30m chart and wait for all of them to line up (cross).

if you are using TEB2. you would place a 5,3,3 and a 14,3,3 on a 4hr and 30m chart. you would wait for the 4hr stochs to cross then enter on a 30m cross of the stochs.

You can tweak certain timeframes while using this system however dont make them too close. for example looking for a 30m and then a 15m cross. Currently I am using a daily cross then looking for 1hr crosses for entry.

hope this helps.
  • #1,849
  • Jul 15, 2007 11:12am Jul 15, 2007 11:12am
Quoting vder
Hey nondisclosure...TEB's statement already contains the answer you are looking for.

If you are using TEB1. Then you would use 5,3,3 stoch settings on the daily, the 1hr and then the 30m chart and wait for all of them to line up (cross).

if you are using TEB2. you would place a 5,3,3 and a 14,3,3 on a 4hr and 30m chart. you would wait for the 4hr stochs to cross then enter on a 30m cross of the stochs.

You can tweak certain timeframes while using this system however dont make them too close. for example looking for a 30m and then a 15m cross. Currently I am using a daily cross then looking for 1hr crosses for entry.

hope this helps.
Thanks vder. That's what I thought he was saying, but I just wasn't sure. That means, as my EA is written now, it's not right.

In an earlier post, TEB has stated which TEB is better for which postions (see here: http://www.forexfactory.com/showpost...postcount=1842 ).

I plan on implimenting that way.

Then all I need to do is figure out the exits.

Thanks again vder!
  • #1,850
  • Jul 15, 2007 11:24am Jul 15, 2007 11:24am
Quoting nondisclosure00
Can anyone answer this?

Which stoch should we use for which timeframe? I'm using 5,3,3 on 4 hr and 14,3,3 on 60 (I'm using 4 hour and 60 min).

1. Should I switch from 60 to 30? I've found that doesn't work out well.
2. Should I have both stoch's on both timeframes?


I know TEB's busy and probably hasn't had the time to answer. Maybe someone else here can. Just a little clarification. Reason is because I'm writing an EA based on this.

thanks in advance for your answer!

-Nondisclosure00(FF left of the '7').

TEB 2

is 14.3.3 & 5.3.3 on both the 4 hour & 30 mins is the main one

a faster one at 30 mins & 5 mins
& the one I am now using the most is slower one
at 1 day & 4 hour

But the issue is you do 2 time frames & two shochs


TEB1 is one stoch

one stoch @ 5.3.3 main time frame is Day 4 hour & 30 mins - it is 3 time frames

a second was 4 hour , 30 mins & 5 mins

longer & the one I am using mostly now
is week. day 4 hour

TEB
  • #1,851
  • Jul 15, 2007 12:34pm Jul 15, 2007 12:34pm
hey nondisclosure, anytime. I see that TEB came in also. I have tried using higher timeframes as they tend to filter out a lot of the market noise. I am trying to work on some different exit strategies because this entry system is quite good. exits are so very important in this business as they determine if you make money or dont.

As i said before you can tweak the system but make sure the timeframes are not too close. Also, very important, backtest and forward test any system that you find for a little while. I think that if you can find a system and know everything about that 1 system, you will be better off than bouncing from system to system. I have found that this system appeals to me and I am trying to make the best of it. I am not necessarily that good with the system but I am making some nice trades with it. What i need to learn is to stop giving away my profits .

take care.
  • #1,852
  • Jul 15, 2007 3:21pm Jul 15, 2007 3:21pm
Hi,

Can someone tell me, can the stochcastics change direction, or are they fixed at that point once the candle closes, so when they are crossed, then cannot be uncrossed?

Thanks in advance,
Guess
  • #1,853
  • Jul 15, 2007 3:29pm Jul 15, 2007 3:29pm
Quoting TEB63
TEB 2

is 14.3.3 & 5.3.3 on both the 4 hour & 30 mins is the main one

a faster one at 30 mins & 5 mins
& the one I am now using the most is slower one
at 1 day & 4 hour

But the issue is you do 2 time frames & two shochs


TEB1 is one stoch

one stoch @ 5.3.3 main time frame is Day 4 hour & 30 mins - it is 3 time frames

a second was 4 hour , 30 mins & 5 mins

longer & the one I am using mostly now
is week. day 4 hour

TEB
Hi TEB. Thanks.

I plan on using TEB2 for short entries and TEB1 for long as per your earlier post http://www.forexfactory.com/showpost...postcount=1842

I'll try TEB2 for both also. Since it's Sunday here in the States, I probably won't get time to work on it today. But should on Monday.

Forgot to mention, I'm using 4H and 1H. 30min in past testing didn't do so well, but then again, I wasn't using the TEB rules as you stated, so I'll try different things and let you know. Once I get the EA working well, I'll post the code.

BTW, if you've got any good ideas for an exit strategy, let me know. So I can incorporate it.
  • #1,854
  • Jul 15, 2007 3:32pm Jul 15, 2007 3:32pm
Quoting vder
hey nondisclosure, anytime. I see that TEB came in also. I have tried using higher timeframes as they tend to filter out a lot of the market noise. I am trying to work on some different exit strategies because this entry system is quite good. exits are so very important in this business as they determine if you make money or dont.

As i said before you can tweak the system but make sure the timeframes are not too close. Also, very important, backtest and forward test any system that you find for a little while. I think that if you can find a system and know everything about that 1 system, you will be better off than bouncing from system to system. I have found that this system appeals to me and I am trying to make the best of it. I am not necessarily that good with the system but I am making some nice trades with it. What i need to learn is to stop giving away my profits .

take care.
Yeah, I've figured on not bouncing from system to system and am going to concentrate on this one. It's the simpliest.
  • #1,855
  • Jul 15, 2007 3:41pm Jul 15, 2007 3:41pm
Quoting guess121
Hi,

Can someone tell me, can the stochcastics change direction, or are they fixed at that point once the candle closes, so when they are crossed, then cannot be uncrossed?

Thanks in advance,
Guess
Hey guess121, the stochs, like most if not all indicators, lag behind price action. When price moves, so do the stochs. A stoch cross might be occuring at one point but if price shoots up/down in the opposite direction to the cross, then potentially the stoch can become uncrossed (depending on how high price moves and when it closes).

hope this helps.
  • #1,856
  • Jul 15, 2007 3:48pm Jul 15, 2007 3:48pm
Hi Vder,

Ok, so back testing anything would not really prove successful then?

Thanks,
Guess
Quoting vder
Hey guess121, the stochs, like most if not all indicators, lag behind price action. When price moves, so do the stochs. A stoch cross might be occuring at one point but if price shoots up/down in the opposite direction to the cross, then potentially the stoch can become uncrossed (depending on how high price moves and when it closes).

hope this helps.
  • #1,857
  • Jul 15, 2007 4:52pm Jul 15, 2007 4:52pm
After trading for 3 years with mixed results, buying so many forex systems from "make a million in the forex with $100" gurus TEB's strategies are absolutely mind blowing and wow, it's all free here on FF.

So grateful I discovered this thread and system! My account is now recovered from a bad series of losses.
  • #1,858
  • Jul 16, 2007 10:37am Jul 16, 2007 10:37am
Quoting Flamenco143
After trading for 3 years with mixed results, buying so many forex systems from "make a million in the forex with $100" gurus TEB's strategies are absolutely mind blowing and wow, it's all free here on FF.

So grateful I discovered this thread and system! My account is now recovered from a bad series of losses.
Lol you should be more careful )
Did you make also backtesting and paper trading before ? with that 1milion EA systems ? )
  • #1,859
  • Jul 16, 2007 1:13pm Jul 16, 2007 1:13pm
Quoting adriann
Lol you should be more careful )
Did you make also backtesting and paper trading before ? with that 1milion EA systems ? )
Sure I did. You don't survive trading forex for 3 years by being stupid. It's just that psychologically trading on large time frames with big SL never made me feel comfortable. Made $ - but paid for it in sweat and anxiety.

TEB has put fun back into trading for me, and has made me a happy man! What I was trying to say was I have got more out of the FF (at least most of it) than I ever received from any seminar or ebook trading strategies elsewhere.

Love this thread!
  • #1,860
  • Jul 16, 2007 1:27pm Jul 16, 2007 1:27pm
Quoting Flamenco143
Sure I did. You don't survive trading forex for 3 years by being stupid. It's just that psychologically trading on large time frames with big SL never made me feel comfortable. Made $ - but paid for it in sweat and anxiety.

TEB has put fun back into trading for me, and has made me a happy man! What I was trying to say was I have got more out of the FF (at least most of it) than I ever received from any seminar or ebook trading strategies elsewhere.

Love this thread!
Yep i agree.
Forums is endless fountain of IDEAS
But still you must have some background of trading.
so that Seminars and ebooks and Books are also good investment.
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