Wisdom is gained little by little. Don't be in a hurry "FOCUS".
{quote} Its ok. i have shared source code for all indicators . Means anyone can use them to earn profits. If this system works and profits, I will be very happy. Only caution. CAP Channel Trading is a repainter. TMA+CG mladen NRP.mq4 is a better substitute . Best of luck to tiptoptrade .
I have been testing CAP for some time now and it works fine for me. The most important thing is Price do tend to touch and react to its Bands. Which tells you can rely on it. I don't mind the signal it provides coz I don't trade them. I only use CAP to understand trend exhaustion.
Cheers!!
{quote} Guppy is a trend trading system. It has no role in trading reversals. This is a channel trading system and the indicators are only for generating entry signals. Only 3 and 9 (signal 1 and signal 2) are required . 21 and 51 and vwap clutter the chart and may be removed.
Hello Tiptoptrade. I see that you operate in a real market. What percentage of success should we expect by executing correctly? What R? Thank you for your contribution, I will follow you closely.
you should win 65%+ of trades. However, remember you are targeting MID BAND which is dynamic. What I mean by that is you may initially execute becz you saw 1:5 R but the mid band could end up giving 1:0.7 R or 1:2 R.
Another important thing is SESSION. Asian session usually results in less volume mean lower SL than London and NY. You need to understand this real well cz SL may significantly rise due to session difference. Hence comes the decision whether you want to trade a particular session or want to trade all day. I trade when I am infront of my PC.
I Scalp m1. I also take long trades on m15. Of course m15 has higher risk and return.
See my recent trades on Gold.
- #29
- Edited 11:47am Aug 19, 2024 11:31am | Edited 11:47am
- Joined Sep 2008 | Status: Verry good | 1,267 Posts
Hello tiptoptrade!
Please let me kindly ask 2 questions to clear my view of your system^
1. Here's no candle closed under the lower band. Is it not a problem aacording to the 1st post?
2. TP<SL. Is it not a problem aacording to the 1st post?
(I see the result - it's wonderful, just interested how flexible the rules are)
Thank you for sharing your ideas with us!
Please let me kindly ask 2 questions to clear my view of your system^
{image} Trade in place
2. TP<SL. Is it not a problem aacording to the 1st post?
(I see the result - it's wonderful, just interested how flexible the rules are
)Thank you for sharing your ideas with us!
Just an opinion. Based on research
Hello tiptoptrade! Please let me kindly ask 2 questions to clear my view of your system^ {quote} 1. Here's no candle closed under the lower band. Is it not a problem aacording to the 1st post? 2. TP<SL. Is it not a problem aacording to the 1st post? (I see the result - it's wonderful, just interested how flexible the rules are
Allow me to explain the price action mechanics of this trade as it happened in m15 chart. You see the chart, that point when you get the CAP green and price shows sign of first rejection - if you zoom into m5 or m1 there will be order block with fair value gaps. price then came back retesting and taking out the liquidity below that first rejection and then push up with real momentum as price crosses above 3,9 MA with ease and speed. This is institutional big players sure are satisfied with the discounted price and are on the lookout for premiums.
Look this is not just I use guppy and trade blindly; I am trading forex for over 15+ years. I failed so many times and so bad that I had to learn everything. I know guppy is a great system, but you also need to understand price mechanics. Blindly following the system instructions I provided is fine and will make you profitable but understanding the real WHYs will help you fine tune your way out.
Feel free to ask questions.
Hello tiptoptrade! Please let me kindly ask 2 questions to clear my view of your system^ {quote} 1. Here's no candle closed under the lower band. Is it not a problem aacording to the 1st post? 2. TP<SL. Is it not a problem aacording to the 1st post? (I see the result - it's wonderful, just interested how flexible the rules are
for 1m TP is mid band
for 15m TP is the Opposite band.
I will update the system instructions
- #37
- Edited 5:43am Aug 20, 2024 5:29am | Edited 5:43am
- Joined Sep 2008 | Status: Verry good | 1,267 Posts
Just an opinion. Based on research
- #38
- Edited Aug 21, 2024 3:49am Aug 20, 2024 5:42am | Edited Aug 21, 2024 3:49am
- Joined Sep 2008 | Status: Verry good | 1,267 Posts
Just an opinion. Based on research
