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SRDC Episode II

  • #441
  • Dec 3, 2006 1:06pm Dec 3, 2006 1:06pm
According to Aha's win loss indicator on the daily trade it becomes a loser based on his numbers. My indicator today on the Aussie shows from 7-14-2006 there were 87 trades taken, 70 were winners and 17 were losers. Sounds great right? Not so fast. 70 winners times 5 pips = 350 pips won. 17 losers times 35 pips = 595 pips lost. That is a net loss of 245 pips. Ouch! Obviously we now know that we either have to get more pips on the winners or less on the losers. In other words we can not use these settings and walk away from the computer. Or maybe I am just missing something.
  • #442
  • Dec 3, 2006 1:10pm Dec 3, 2006 1:10pm
Quoting accrete
Just did a quick comparison of the hourschannel and the LRC set on the same 5 day period (see posted image below). The hours channel was simply dragged onto the chart and it came up with what you see in the green lines. The LRC (three blue lines) i drew from the same beginning day to same end day.

I'm going to do some forward testing utilizing the HC as i think it shows promise. I also like the idea of being able to set which period i want the channel to be drawn on. I had not heard of the HC channel before i hacked into it last nite and added all the various levels. Interesting, and possibly useful indicator. Notice how the price tagged the 25% level lines and is still relevant even after the indicator redrew itself to include the recent high.

Also, since many in this thread have a liking to the GbpUsd pair, might we be able to focus the first EA on this one? . . then branch out into the others after? Just a ramble.

Happy trading this week,
Thom
Hmmm... Are those pin bars? You have violated the Intergalactic thread rule #2, which is "Thou shall use only candle".

A fine of 88618 Jedi pips for you Thom, and 9 months of community service to escort Jaja Binks in his math class and help him cheat thru his exams!

Jedi Council will resume 2pm after Lunch.
Change Your Thinking. Change Your Life - JD
  • #443
  • Dec 3, 2006 1:27pm Dec 3, 2006 1:27pm
Quoting traderlismiss
According to Aha's win loss indicator on the daily trade it becomes a loser based on his numbers. My indicator today on the Aussie shows from 7-14-2006 there were 87 trades taken, 70 were winners and 17 were losers. Sounds great right? Not so fast. 70 winners times 5 pips = 350 pips won. 17 losers times 35 pips = 595 pips lost. That is a net loss of 245 pips. Ouch! Obviously we now know that we either have to get more pips on the winners or less on the losers. In other words we can not use these settings and walk away from the computer. Or maybe I am just missing something.
Yes, SRDC Level 1 probably cannot be made profitable with an EA. I (and others) had a dialog about this many pages ago. I wrote an EA to test this and was unable to find any combination of settings that would show a profit long term. Profit could probably accrue by trading manually and really watching your trades like the proverbial hawk. But...

That was Level 1 and it was intended to be introductory - not a finished method. Level 2 is a great improvement and will allow a profitable EA to be constructed (when we solve the great "Channel Question ").
Old Benjamin was right
  • #444
  • Dec 3, 2006 1:44pm Dec 3, 2006 1:44pm
Quoting Lou G
Yes, SRDC Level 1 probably cannot be made profitable with an EA. I (and others) had a dialog about this many pages ago. I wrote an EA to test this and was unable to find any combination of settings that would show a profit long term. Profit could probably accrue by trading manually and really watching your trades like the proverbial hawk. But...

That was Level 1 and it was intended to be introductory - not a finished method. Level 2 is a great improvement and will allow a profitable EA to be constructed (when we solve the great "Channel Question ").
I agree Lou, and I wasn't thinking of an EA at all. I was thinking of what settings I should use for a pending trade. Most daily trends are broken when I am sleeping so if I am going to trade the daily I have to either stay up or have my settings right. I am not sure what the reason for Aha's indicator could be other than to tell us that those settings do not work. Even changing the stop loss I can't find a combination that does.

Thanks
  • #445
  • Dec 3, 2006 1:46pm Dec 3, 2006 1:46pm
Quoting OrangeRoshan
Hmmm... Are those pin bars? You have violated the Intergalactic thread rule #2, which is "Thou shall use only candle"...
LOL tooooo funny. I just posted the chart to show simple price action off the levels and wanted to emphasize the channel lines were different in the two tools. . . and NOT bring focus on the candles/bars, and as zooooooomed out as the chart was they did not show much anyway but the tags. There is always a method to my madness.

; ) GalcticPipster
  • #446
  • Dec 3, 2006 2:00pm Dec 3, 2006 2:00pm
Quoting traderlismiss
I agree Lou, and I wasn't thinking of an EA at all. I was thinking of what settings I should use for a pending trade. Most daily trends are broken when I am sleeping so if I am going to trade the daily I have to either stay up or have my settings right. I am not sure what the reason for Aha's indicator could be other than to tell us that those settings do not work. Even changing the stop loss I can't find a combination that does.

Thanks
Not really my business to ask, but why not set up SHI (original) and Ergodic CCI on an H1 chart and use that? I had several good trades last week using the SHI median as takeprofit and the channel lines as bounce/entry.
Old Benjamin was right
  • #447
  • Dec 3, 2006 2:00pm Dec 3, 2006 2:00pm
Quoting Lou G
Yes, SRDC Level 1 probably cannot be made profitable with an EA. I (and others) had a dialog about this many pages ago. I wrote an EA to test this and was unable to find any combination of settings that would show a profit long term. Profit could probably accrue by trading manually and really watching your trades like the proverbial hawk. But...

That was Level 1 and it was intended to be introductory - not a finished method. Level 2 is a great improvement and will allow a profitable EA to be constructed (when we solve the great "Channel Question ").
LOL.... yes, it could be profitable when it is done properly, coz, my java version works. But, this time around we are going to use it differently. Early entry but S&R resistence is TP.
Change Your Thinking. Change Your Life - JD
  • #448
  • Dec 3, 2006 2:03pm Dec 3, 2006 2:03pm
Quoting traderlismiss
I agree Lou, and I wasn't thinking of an EA at all. I was thinking of what settings I should use for a pending trade. Most daily trends are broken when I am sleeping so if I am going to trade the daily I have to either stay up or have my settings right. I am not sure what the reason for Aha's indicator could be other than to tell us that those settings do not work. Even changing the stop loss I can't find a combination that does.

Thanks
LRC will determine the trend and entry will be early.
We will reap pips early with SRDC I special sauce!! LOL

Thanks guys.
Change Your Thinking. Change Your Life - JD
  • #449
  • Dec 3, 2006 2:06pm Dec 3, 2006 2:06pm
Quoting Lou G
Not really my business to ask, but why not set up SHI (original) and Ergodic CCI on an H1 chart and use that? I had several good trades last week using the SHI median as takeprofit and the channel lines as bounce/entry.
When the SRDC I Special Sauce is completed then we will concentrate how to harvest pips 20% more catching bounce and dip. This is where reading the channel & Fibo come in handy.

Lets do it a step at a time.

Btw, Please give me full input and constructive critism anytime. Dont be afraid to say it, coz im ready and willing to listen. I will agree and disagree for learning sake.

Jedi is open minded to true Padawans.
Change Your Thinking. Change Your Life - JD
  • #450
  • Dec 3, 2006 2:14pm Dec 3, 2006 2:14pm
Quoting traderlismiss
According to Aha's win loss indicator on the daily trade it becomes a loser based on his numbers. My indicator today on the Aussie shows from 7-14-2006 there were 87 trades taken, 70 were winners and 17 were losers. Sounds great right? Not so fast. 70 winners times 5 pips = 350 pips won. 17 losers times 35 pips = 595 pips lost. That is a net loss of 245 pips. Ouch! Obviously we now know that we either have to get more pips on the winners or less on the losers. In other words we can not use these settings and walk away from the computer. Or maybe I am just missing something.
Correctly pointed out. Actually we wont target 5 pips only. Those indicators will come in handy later for optimisation purposes.

But say anyone insists just to get 5pips only, Yes you can with almost 90% wins, that is to harvest it only in a trending market or when a candle is small.

We can do an indicator on this just for kicks..lol

Thanks
Change Your Thinking. Change Your Life - JD
  • #451
  • Dec 3, 2006 3:10pm Dec 3, 2006 3:10pm
Orange,

Great job and I'm trying to soak up all your wisdom. Enjoying the Jedi training and look forward to seeing you in the Teamspeak. May the force be with you!
  • #452
  • Dec 3, 2006 3:40pm Dec 3, 2006 3:40pm
Teamspeak is open tonight for the first time during live trading. Everyone is invited to come to Teamspeak for this first session of live trading. Those of you who have superior knowledge are needed and those who want to learn are needed as well. This can be a great thing if you participate. Those who have used the service so far have enjoyed the experience, now it is time to learn.


Sign On- Forexfactory nickname

password- getpips

address- 24.163.41.56
  • #453
  • Dec 3, 2006 3:45pm Dec 3, 2006 3:45pm
Quoting traderlismiss
Teamspeak is open tonight for the first time during live trading. Everyone is invited to come to Teamspeak for this first session of live trading. Those of you who have superior knowledge are needed and those who want to learn are needed as well. This can be a great thing if you participate. Those who have used the service so far have enjoyed the experience, now it is time to learn.


Sign On- Forexfactory nickname

password- getpips

address- 24.163.41.56
Jadet, wat GMT is tonight? Coz i will only be awake after GMT 6:00.

My planet has 2 sons and 1 daughter... eh I mean moons...
Change Your Thinking. Change Your Life - JD
  • #454
  • Dec 3, 2006 4:07pm Dec 3, 2006 4:07pm
Hi Orange !

First of all thank you very much for giving us the chance to have a
first look at your galaxy ;-))

Since the beginning of SRDC Method part I one could have difficulties in following the core thoughts of your trading method.

Especially since the start of SRDC part II where you introduced the
SHI channel the general discussion lost focus in my opinion.

I totally agree that it would be to much information to present
SRDC I to IV in one bunch

I know that your trading team generates hundreds of Pips every trading
day. ( You mentioned it earlier in another thread )

So to digest your view on grabbing the pips like a true jedi we need
practice practice practice......

Therefore discussing actual charts using the complete SRDC should
be a major goal from this discussion.

As a byproduct an EA and a traded demo account could take place.

It's just my 2 cents but I hope once a day you and your princess
invite us to visit the new jedi castle which was built from millions
of Pips of the community ;-))

Carry on Orange and let us fulfill the goal...

Happy Pippin

Bernhard
  • #455
  • Dec 3, 2006 4:53pm Dec 3, 2006 4:53pm
Quoting OrangeRoshan
Jadet, wat GMT is tonight? Coz i will only be awake after GMT 6:00.

My planet has 2 sons and 1 daughter... eh I mean moons...
Teacher OrangeRoshan,

You tell us when you are going to be there and we will all find time to come listen. The room is open 24/7 for all to come.

Jadet
  • #456
  • Edited 5:16pm Dec 3, 2006 5:03pm | Edited 5:16pm
Orange - you teach that we should take the opposite trade to the weekend candle when monday's candle starts to form at 00GMT. Will this still apply today when GBPUSD has already surged to 1.9825?

the whole world and his wife is GBP bull, do we still take the contrarian trend in this but with a small TP (5 pips)?

I noticed tonight that IBFX have started trading at 2300GMT. Presumably their new candle will start at 0000 and I will take the opposite of this small (bull) candle of only an hours duration. made 20 pips on it anyway.
TRADE FOR SWAP
  • #457
  • Dec 3, 2006 6:29pm Dec 3, 2006 6:29pm
hey guys,
not sure where to sign on... tried ff site but couldnt get in... is there a www. address?
  • #458
  • Dec 3, 2006 6:30pm Dec 3, 2006 6:30pm
fyi - great discussion currently going on on Teamspeak
  • #459
  • Dec 3, 2006 6:51pm Dec 3, 2006 6:51pm
I have had some PM's from people trying get in.


Sign in with FF nickname, address is 24.163.41.56 and password getpips.

Good discussion going now!
  • #460
  • Dec 3, 2006 6:55pm Dec 3, 2006 6:55pm
I've tried that a few time and it keeps saying "wrong password"
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