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Attachments: The "Weighted Taylor" Method
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The "Weighted Taylor" Method

  • #1
  • First Post: Jul 20, 2007 12:19pm Jul 20, 2007 12:19pm
I would like to introduce everyone to a strategy that I have developed. You can download the ebook about it that describes and shows you everything that you need to understand and use the method.
Hope you find the information useful and I appreciate any feed back.

Thanks
Brendan
Attached File(s)
File Type: doc The Weighted Taylor Strategy.doc   397 KB | 2,065 downloads
  • #2
  • Jul 20, 2007 1:01pm Jul 20, 2007 1:01pm
Quoting BrendanT
I would like to introduce everyone to a strategy that I have developed. You can download the ebook about it that describes and shows you everything that you need to understand and use the method.
Hope you find the information useful and I appreciate any feed back.

Thanks
Brendan
Hi Brendan,
Would not like to add in an exel MM calculator and say trade below 3 % risk?
  • #3
  • Jul 20, 2007 1:17pm Jul 20, 2007 1:17pm
Quoting BrendanT
I would like to introduce everyone to a strategy that I have developed. You can download the ebook about it that describes and shows you everything that you need to understand and use the method.
Hope you find the information useful and I appreciate any feed back.

Thanks
Brendan
Thank you Brendan.

You've put a lot of work into this. I'm just starting to read it.
  • #4
  • Jul 20, 2007 1:39pm Jul 20, 2007 1:39pm
Thanks for sharing your work!
Nice solid setup!
Can I recommend EUR/JPY?

Looking forward to this thread!

FXS

P.S. I'm just a newbie!
  • #5
  • Jul 20, 2007 1:56pm Jul 20, 2007 1:56pm
This looks really good!

One question. Do you only enter and exit on bar close?

Thank you.
  • #6
  • Jul 20, 2007 2:20pm Jul 20, 2007 2:20pm
Quoting BrendanT
I would like to introduce everyone to a strategy that I have developed. You can download the ebook about it that describes and shows you everything that you need to understand and use the method.
Hope you find the information useful and I appreciate any feed back.

Thanks
Brendan
and feel you may want to revise this

Quote
It is made clear that trading with foreign exchange is risky and is done so at your own risk. The author and anyone involved in compiling this book may, for no reason, be held responsible in anyway, for anything that happens, directly or indirectly, as a result of reading this ebook.
  • #7
  • Jul 20, 2007 3:07pm Jul 20, 2007 3:07pm
Quoting PeterFM
and feel you may want to revise this
Isn't the English language subtle? That sentence accomplished the opposite of what he intended....

I imagine English is not his first language... I can see how he mistook it. As I read it, it was indeed a very subtle distinction...

Probably should read:
The author and anyone involved in compiling this book can not be held responsible in anyway and for any reason, for any thing that happens directly or indirectly, as a result of reading this e-book.
  • #8
  • Jul 20, 2007 4:39pm Jul 20, 2007 4:39pm
Just to make things easier for everyone else that reads this, I have attached the template with the setup as Mr taylor has outlined in his instructions.

Hey I take now responsibility either for what you do with it! test it or you may loose it all!
Attached File(s)
File Type: tpl weighted taylor.tpl   2 KB | 799 downloads
  • #9
  • Jul 20, 2007 5:04pm Jul 20, 2007 5:04pm
Quoting mcmep11
Just to make things easier for everyone else that reads this, I have attached the template with the setup as Mr taylor has outlined in his instructions.

Hey I take now responsibility either for what you do with it! test it or you may loose it all!
Hey I take now responsibility

Does this mean you do take responsibilty for my stupidity? LOL

Seriously, thanks for the template...
  • #10
  • Edited 10:01am Jul 21, 2007 9:47am | Edited 10:01am
Hi,

This looks very interesting.

But...

The MACD settings on some of the included chart images show 5,30,1 settings while the recommended settings in writting are 5,13,1.

Same goes for RSI, on some of the chart images it shows 10 while recommended in writting is 13.

So which are the correct ones???

I can't seem to get the MACD 0.005 & -0.005 levels to show properly on MT4.

Any help will be appreciated.

Thanks
  • #11
  • Jul 21, 2007 10:54am Jul 21, 2007 10:54am
those MACD settings of .005 will only show up on a daily chart. That may be your problem with them.
  • #12
  • Jul 21, 2007 1:46pm Jul 21, 2007 1:46pm
Hi,

Thank you for the comment but I found out what the problem was.
  • #13
  • Jul 22, 2007 2:13pm Jul 22, 2007 2:13pm
highway,
As im a little bit of a newbie - what is an exel MM calculator?

FXSurfer,
Im experimenting with the different currency pairs, the EURUSD and USDGBP seem to work but working the JPY is proving otherwise - im continuing to see how many different pairs this strategy will work for.

billbss,
You enter and exit on bar close, you cant enter and exit on bar open as you dont know the direction and could misread it.

MCMep11,
Thank you for making the template for my strategy!!

FibFan,
The varibles used in setup are the correct values. The values you see in the pictures are incorrect, i captured this pictures whilst developing the strategy but ended up changing the values as they gave better results.

PLEASE NOTE:
The disclaimer in the book has been changed and the new disclaimer can be found in the below book. Thank you for your understanding and comments.

Brendan
Attached File(s)
File Type: doc The Weighted Taylor Strategy.doc   397 KB | 965 downloads
  • #14
  • Jul 22, 2007 3:34pm Jul 22, 2007 3:34pm
Quoting BrendanT
highway,
As im a little bit of a newbie - what is an exel MM calculator?

FXSurfer,
Im experimenting with the different currency pairs, the EURUSD and USDGBP seem to work but working the JPY is proving otherwise - im continuing to see how many different pairs this strategy will work for.

billbss,
You enter and exit on bar close, you cant enter and exit on bar open as you dont know the direction and could misread it.

MCMep11,
Thank you for making the template for my strategy!!

FibFan,
The varibles used in setup are the correct values. The values you see in the pictures are incorrect, i captured this pictures whilst developing the strategy but ended up changing the values as they gave better results.

PLEASE NOTE:
The disclaimer in the book has been changed and the new disclaimer can be found in the below book. Thank you for your understanding and comments.

Brendan
I didn't mean to enter on bar open. I meant bar close vs mid bar. But you have answered the question.
  • #15
  • Jul 23, 2007 12:02pm Jul 23, 2007 12:02pm
Nice job Brendan! Daily systems are what us full time job holders really need. Nice e-book. I will backtest to get to know this method. So you know someone would ask; where are you placing your stops? I will test some ideas, but would like your ideas. The exit is great, loses some pips, but that would be the trade off for allowing some room for the trade. Thanks again.Mike
  • #16
  • Jul 23, 2007 12:12pm Jul 23, 2007 12:12pm
You all might be interrested in the GUPPY Multiple Moving Average style of trading.
  • #17
  • Jul 23, 2007 2:14pm Jul 23, 2007 2:14pm
mikeh3855,
At the moment im not using stop losses, the reason for this is that i might catch the market a little early and get stopped out the market before the market turns in my favour. Using a daily chart requires quite a large stop of about 50 - 100 pips to accomodate the market movements of the day.

I just closed a trade taking $149-00 profit on the USDCHF pair and this trade was over a week. I entered the market about 4 days after all the signals showed me to enter, thus cutting the trade time in half. As i look at the chart now, there are signs of a possible trend reversal and i might reenter, opening a long position.

As for using this strategy for JPY pairs, i dont recommend the template as the red lines on MACD chart are ineffective. Im currently looking into maybe changing the values and ill post my findings.

Has anyone had success using my strategy?

Happy trading!!
  • #18
  • Jul 23, 2007 3:39pm Jul 23, 2007 3:39pm
Great system. I follow something similar and the results from the long term are great.
Keep it up!
  • #19
  • Jul 23, 2007 5:22pm Jul 23, 2007 5:22pm
Well Brendan, It might take a while for anyone to respond regarding results. The signals for this are quite far and few between, not to say that the profit potential is not there once you are in. I could envision maybe 4 or 5 trades a year on this. Finding other currency pairs that this will suit would be a good idea.
  • #20
  • Jul 23, 2007 6:11pm Jul 23, 2007 6:11pm
mikeh3855,

Thanks for you comment, and it is true - signals are fairly far apart where u could be waiting 1 or 2 weeks for anything to happen. To answer your question on finding other currency pairs that u can use this strategy with here are my current finding:

As i type this, im confident about the EURUSD and GBPUSD pairs. Other pairs include USDCHF, USDJPY and EURGBP but as i stated in an earliet reply, that the red lines on the MACD are proving to be somewhat ineffective in helping with trades and im using the MA's and RSI to make decisions.

Hope this helps
Brendan
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