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Guppy re-invented

  • #1,321
  • Nov 1, 2024 9:17am Nov 1, 2024 9:17am
Quoting walvekarraje
{quote} Hi Michael, I am really grateful for your contribution and concern to keep this thread alive ! There are no posts in the thread probably because i have been clear enough to discourage flooding of posts with indicators , templets , and EAs which may cause confusion among readers. Be assured i am receiving many personal messages thanking, encouraging and congratulating me for a good system. Most important is traders are making profit using the system. All agree that the system has excellent entry signals but exit is a major issue as with all...
HAPPY DIWALI BROTHER .. Hope you had an amazing time with friends and family ️
  • #1,322
  • Nov 1, 2024 12:20pm Nov 1, 2024 12:20pm
Attached Image (click to enlarge)
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Guppy re-invented All Time Return: 83.3%
  • #1,323
  • Nov 1, 2024 1:39pm Nov 1, 2024 1:39pm
Quoting walvekarraje
{quote} El análisis del flujo de órdenes en gráficos como GoCharting es mucho mejor para entender el "dinero inteligente". Los únicos datos necesarios son Delta, Delta acumulado en tiempo real. Es maravilloso si se combina con el sistema Guppy incluso para hacer scalping en gráficos de 1, 3 y 5 minutos. A largo plazo es fenomenal. He estado usando GoCharting durante los últimos 2 años y estaré encantado de compartir mi método. Pero no en este hilo, por favor.
Hello walvekarraje. I don't know the Gocharting platform in depth, I've never used deltas combined with GUPPYS, I think it's a very interesting and intelligent idea, apparently you've already developed a system. I would be very interested in following it and supporting you to the extent of my knowledge. If you decide to open another thread with this other system you can count on my full support.
Regards.
Wisdom is gained little by little. Don't be in a hurry "FOCUS".
  • #1,324
  • Nov 1, 2024 2:21pm Nov 1, 2024 2:21pm
Quoting walvekarraje
Este es el indicador de salida/reentrada del que estaba hablando. No sé quién lo codificó originalmente, con el debido respeto hacia él, lo he modificado groseramente usando ChatGPT y lo he renombrado para que se adapte al sistema. No lo he probado en el mercado en vivo, pero el backtest visual/manual en gráficos parece prometedor. Un par de cosas a considerar antes de usar este indicador. 1) Cuando sienta que ha obtenido una ganancia adecuada/satisfactoria, consérvela y salga de la operación. Deje que el mercado haga lo que quiera. 2) Seguir el...
I did a visual backtesting for a few years and I was really surprised at how reliable this indicator is in relation to your strategy teachings. It does what you say. This indicator is really good. Thanks again for your effort. Congratulations.
Wisdom is gained little by little. Don't be in a hurry "FOCUS".
  • #1,325
  • Nov 2, 2024 9:23am Nov 2, 2024 9:23am
Quoting Michael.MSA
{quote} Hi, how are you. I have a question. What do you think? Why do currency prices always go to the support and resistance lines? {image} It's just a question, I don't want to make you angry. Kind regards
hi, can you share this template, please? I downloaded the one in the first page but i can't get such a number of SL lines as you.
First rule is not to lose. Second rule is not to forget the first rule...
  • #1,326
  • Edited 7:13pm Nov 2, 2024 6:58pm | Edited 7:13pm
Quoting thefxpros
{quote} hi, can you share this template, please? I downloaded the one in the first page but i can't get such a number of SL lines as you.
Hi thefxpros.
I'm sorry. That template was the content of a concern that has nothing to do with this thread.
It was a mistake to post this chart, unfortunately I couldn't undo that.
Please excuse me.

Kind regards
Don't trade because you think you have to do something.
  • #1,327
  • Nov 3, 2024 11:07pm Nov 3, 2024 11:07pm
Quoting walvekarraje
This is the exit/re-entry indicator I was talking about. I dont know who originally coded it, with due respect to him,I have grossly modified it using ChatGPT and renamed it to suit the system. I have not tested it on live market but visual/manual backtest on charts looks promising. A couple of things to consider before using this indicator. 1) When ever you feel you have made adequate/satisfactory profit, book it and exit the trade. Let the market do whatever it wants. 2) Trailing SL at the data window values is still a good option. The TE 21 value...
Hi Rajesh. First of all, thank you for the new exit indicator.

Secondly, I may be asking the obvious, but, I really want to improve on placing the Trailing SL. Whenever you get a moment, can you please share a screenshot of your Data Window and highlight the three values you are referring to as good SL options? Thank you.

1. The TE 21 value (third value in data window)
2. TE 9 (second value in data window)
3. TE 3 (first value in data window)
  • #1,328
  • Nov 4, 2024 12:22am Nov 4, 2024 12:22am
Quoting walvekarraje
I also created (not modified ) two more indicators related to rsioma, using ChatGPT, in quest of good exit indicator. Though they might not serve for a good exit, still they might be useful to traders using rsioma in their strategy. One draws arrows in subwindow when two rsioma cross ( not the standard rsioma and ma cross). this indicator has no alerts. The Second draws vertical lines on change if slope and color of the rsioma line. this indicator is with alerts. As far as i know, such such indicators do not exist. To use them in our system...
Dear Doc,
Regarding the above two indicators; I note that when I'm in a Sell trade and the alert comes in to warn/consider that I exit the trade it mentions the opposite direction(not the direction that I'm in) does that mean that there's a change to the opposite direction for me to consider taking?
I just need to get a clear understanding of this.

Thanks again for your great input since the start of the thread.
  • #1,329
  • Nov 4, 2024 8:00am Nov 4, 2024 8:00am
Quoting Worsman
{quote} Dear Doc, Regarding the above two indicators; I note that when I'm in a Sell trade and the alert comes in to warn/consider that I exit the trade it mentions the opposite direction(not the direction that I'm in) does that mean that there's a change to the opposite direction for me to consider taking? I just need to get a clear understanding of this. Thanks again for your great input since the start of the thread.
You are speaking about the RAJESH GUPPY EXIT.ex4 indicator.
This is the one which deaws Histogram: LIme above 0 level and Magenta below 0 level.

When all the histogram is printing Lime lines and the last line is magenta at the close of the candle, the indicator will alert "Consider Exit Long OR Re-enter Short ". This means that if you are long you should consider exiting long position. But if the trend is bearish and you are not in trade then you can consider entering a short position.
This indicator is to be used as a Exit indicator or a reentry indicator depending on the Guppy trend. This indicator does not indicate reversal of trend.
  • #1,330
  • Nov 5, 2024 12:07am Nov 5, 2024 12:07am
Quoting walvekarraje
This is the exit/re-entry indicator I was talking about. I dont know who originally coded it, with due respect to him,I have grossly modified it using ChatGPT and renamed it to suit the system. I have not tested it on live market but visual/manual backtest on charts looks promising. A couple of things to consider before using this indicator. 1) When ever you feel you have made adequate/satisfactory profit, book it and exit the trade. Let the market do whatever it wants. 2) Trailing SL at the data window values is still a good option. The TE 21 value...
Hello doctor. Thank you very much for your help. Could you please share all indicators and template of your latest settings
  • #1,331
  • Nov 5, 2024 7:42am Nov 5, 2024 7:42am
Quoting ozkanim
{quote} Hello doctor. Thank you very much for your help. Could you please share all indicators and template of your latest settings
Sure.

There is no change in the settings except gann vertical lines at Lb 51. Trade in direction of these lines.
There are few improvements:
-- Exit indicator added. it is the bottom histogram in the chart. alerts enabled.
-- the other histogram color width increased so it will be easy to read the change in exit indicator.
-- All alerts modified so that the understanding of what is happening on chart is greatly improved.
Attached File(s)
File Type: rar Guppy with exit indicator.rar   103 KB | 626 downloads

  • #1,332
  • Nov 5, 2024 8:34am Nov 5, 2024 8:34am
Few important tips/guidelines to be stressed at this point of time:

Our basis of trade is to follow the trend.
--Guppy decides the trend.
--Reversal or change in trend is indicated by TE 51 (" TE 51 TREND REVERSED ") alert ( indicated by star in circle on chart ) OR Rajesh swghl current alert ("CURRENT TF TREND REVERSAL") alert ( indicated by vertical dotted line on chart). Both will be always on the same candle. this is done purposefully by me to stress on reversal of trend. Fake breakouts and breakdowns are possible so it is important to monitor the trade.
--Do not trade reversal trades based on PBC alerts or Rajesh Exit alerts. these alerts indicate loss of momentum in the current trend and do not indicate reversals.
-- H4 is my preffered and recommended timeframe.

Lastly trade in demo account, get used to the system.
  • #1,333
  • Nov 5, 2024 10:03am Nov 5, 2024 10:03am
Quoting walvekarraje
{quote} Sure. There is no change in the settings except gann vertical lines at Lb 51. Trade in direction of these lines. There are few improvements: -- Exit indicator added. it is the bottom histogram in the chart. alerts enabled. -- the other histogram color width increased so it will be easy to read the change in exit indicator. -- All alerts modified so that the understanding of what is happening on chart is greatly improved. {file}
You share your knowledge and experience with us with infinite sincerity. I wish you health, peace, money, everything you want and everything that is best for you.
  • #1,334
  • Nov 7, 2024 2:44pm Nov 7, 2024 2:44pm
False breaks are killing me. What can we do to avoid them? If this can be solved then we have a very good system.
  • #1,335
  • Edited 6:01am Nov 8, 2024 4:41am | Edited 6:01am
Quoting maxus182
Las falsas interrupciones me están matando. ¿Qué podemos hacer para evitarlas? Si esto se puede solucionar, entonces tenemos un muy buen sistema.
Hello Maxus182. It cannot be solved with physical means (template), if you do not have to apply mental means (knowledge in the system). You have to be very patient with the current market where there is no clear direction (do not enter). From my point of view you have to be very selective in addition to applying the rules of the strategy you have to wait for the second histogram to be aligned, that is, that the trend in operating time is in momentum, plus higher time frames aligned. If you do it this way you will carry out fewer operations with a higher percentage of success (more signal quality) you will avoid that in the moments of DD the system generates doubts, all systems go through this situation, trading with another trend system will not improve your trading, only your experience will improve it.
It is not a problem with the system but with how it is applied, in easy markets the system does not fail, in markets like the current one the experience in the system is everything.

This is what I mean by being patient. Enter in the direction of the 2nd histogram H4 (SELL on H1) ignore the 1st histogram on H1.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: No alineado.PNG Size: 56 KB
Click to Enlarge Name: EURUSD Selectivo 1.PNG Size: 55 KB
Wisdom is gained little by little. Don't be in a hurry "FOCUS".
  • #1,336
  • Nov 9, 2024 1:57am Nov 9, 2024 1:57am
Quoting maxus182
False breaks are killing me. What can we do to avoid them? If this can be solved then we have a very good system.
Guppy is a trend trading system and not meant to trade breakouts and reversals. Pullback continuation pattern (PBC) is the method for entering traades in the direction of the trend.
let us see the same EURUSD chart and there are multiple possible entry candles to take a short trade.
Attached Image (click to enlarge)
Click to Enlarge Name: example.png Size: 84 KB


The basic principle is to enter trade only when all indicators are of same color.(Red/Magenta for short and blue/lime for long)
The vertical magenta dotted line is where the bearish trend has started on H4 and the vertical lime line is where the the trend has ended.
After the magenta line the bias should be to take only sell trades.
The red vertical line is where the trend has turned bearish on weekly timeframe.Here there will be alert and message " W1 TREND REVERSAL ON H4 Sell " This is the first short sell trade.
Even if this trade is missed, watch the APB candle color. Notice the small lime color APB candles.. these are tiny pullbacks and a short entry is possible after the close of next magenta APB candle.
Similarly notice the flags created by guppy lime color lines. This is a pullback. The end of this pullback will "PBC PATTERN sell " alert and yellow circle above the candle on the chart. These are also valid short entry candles.
The yellow Guppy line which i have stressed is the TE 21 line. This is represented by the third value in data window. I use this value to place my initial SL when i enter the trade. I trade 2 lots. The target of first lot is = My SL . This is R:R 1:1...When first target is acheived, I trail my SL for the second lot at TE 9 and finally at TE 3. These are the second and first values respectively in the data window.
I never trade pullbacks or breakouts.
I trade only H4 charts and for me these are the easiest method to trade the markets.
  • #1,337
  • Edited 3:23am Nov 9, 2024 2:11am | Edited 3:23am
Finally notice the RSIOMA making higher high..
Attached Image (click to enlarge)
Click to Enlarge Name: RSIOMA HH.png Size: 68 KB


When the first higher high is printed, it signifies that the trend is losing momentum even though the weekly histo is bearish.This is where you should move to another chart or other trading opportunity.
At the end of the chart the RSIOMA has made a lower high signifying that the bearish momentum is resumed.
  • #1,338
  • Nov 9, 2024 9:57am Nov 9, 2024 9:57am
Quoting walvekarraje
{quote} Guppy is a trend trading system and not meant................
This is really an excellent explanation, post 1336 and 1337. I'm sure this will help everyone. Thank you so much for that.
Don't trade because you think you have to do something.
  • #1,339
  • Nov 26, 2024 12:03am Nov 26, 2024 12:03am
Quoting walvekarraje
{quote} The order flow analysis in charts like GoCharting is much better to understand "Smart Money". The only data needed is Delta, Cumulitive Delta in real time. It is wonderful if combined with Guppy system even for scalping in 1,3,5 min charts. For long term it is phenomenal. I am using GoCharting for last 2 years and will be happy to share my method. but not on this thread please.
hello sir i want to know about this in depth so can u guide us further or please create new thread and give link here so we can learn this . i m already learning delta method its easy and something new so lets start it
  • #1,340
  • Nov 26, 2024 4:48am Nov 26, 2024 4:48am
Quoting xohide
{quote} hello sir i want to know about this in depth so can u guide us further or please create new thread and give link here so we can learn this . i m already learning delta method its easy and something new so lets start it
Any site where real time delta value available for free ? Go charting is a paid site and i can see delta values related to indian market only.
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