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Attachments: Auslanco-GBP/JPY Strength Indicator strategy
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Auslanco-GBP/JPY Strength Indicator strategy

  • #21
  • Aug 5, 2007 7:14pm Aug 5, 2007 7:14pm
Hi Auslanco Question

do you trade with VT or just use their charts?
  • #22
  • Aug 5, 2007 7:31pm Aug 5, 2007 7:31pm
Auslanco,

This looks GREAT and SIMPLE. Thanks for sharing your system in this seperate thread. Much easier than following earlier post to try to find.
  • #23
  • Aug 5, 2007 8:23pm Aug 5, 2007 8:23pm
Quoting maxbeard
Hi Auslanco Question

do you trade with VT or just use their charts?
Just use their charts
  • #24
  • Aug 5, 2007 8:24pm Aug 5, 2007 8:24pm
Quoting pipstalker
Auslanco,

This looks GREAT and SIMPLE. Thanks for sharing your system in this seperate thread. Much easier than following earlier post to try to find.
It is very simple and very profitable.. just have to get use to the indicator behavior a little bit.. then you are done
  • #25
  • Aug 5, 2007 9:51pm Aug 5, 2007 9:51pm
Quoting auslanco
It is very simple and very profitable.. just have to get use to the indicator behavior a little bit.. then you are done
Aus, I only find QQE (Estimation) in my VT. Is it the same with QQI you mentioned?
  • #26
  • Aug 5, 2007 9:54pm Aug 5, 2007 9:54pm
Quoting sunarto.sun
Aus, I only find QQE (Estimation) in my VT. Is it the same with QQI you mentioned?
Yes it's the same.. sorry it was my mistake.. It's QQE
  • #27
  • Aug 5, 2007 10:09pm Aug 5, 2007 10:09pm
What are the comparable indicators for Metetrader?
  • #28
  • Aug 5, 2007 11:12pm Aug 5, 2007 11:12pm
Quoting auslanco
Hi guys...I'm trying to put up the much needed strategy rules for my system.


Lesson-1
First I will introduce you to the two main indicators I use for my trading. It's safe to place trades just by using these two indicators after you confirm a trade according to the strategy rules.

a. The strength Indicator
b. TFT line

For VT Trader users:

Strength Indicator = Quantitative Qualitative Estimation Indicator ( Smoothing period 5) Please go to indicator properties and add a red line on the value 50.
Go to color /style on the same indicator properties and turn the LevelRSIfast to white(invisible)....

TFT = Gann HiLo Activator (period/value 10)


Free charting package VT trader- freewww.vtsystems.com

Time frames 4hr,1hr

Check list before enter a trade:

Buy signal
A).4hr chart:First confirm the 4hr Strength indicator has turned bullish( This can be either below or above the 50 line) Please note that the 4hr strength indicator doesn't have to cross over to the 50 line.

B).4hr chart:Make sure the candle has formed above the TFT line.

now once you confirm the above two features you know the short-medium term trend is bullish.

Entry:

C). 1hr charts: you only enter @ the point of the strength indicator cross over the 50 line upwards.

If you find that 1hr SI is way above the 50 line by the time you get a cross over confirmation from 4hr, that means a major retracement is due. please wait untill the 1hr SI turn bearish and go back to bullish again to enter.

d). 1hr Charts: Make sure a candle has formed above the TFT line.

Always enter @ the start of 1hr confirmation bar(second bar after the TFT crossover bar )
Auslanco,

Thanks for this thread. It will help each of us interested in improving our trading skills using your system.

Much to learn.

Dr. D.
  • #29
  • Aug 6, 2007 1:20am Aug 6, 2007 1:20am
Quoting auslanco
It is very simple and very profitable.. just have to get use to the indicator behavior a little bit.. then you are done
Aus, is it only applicable for GJ only or can be applied to other pair also such as GU or EU ?
  • #30
  • Aug 6, 2007 1:34am Aug 6, 2007 1:34am
What target price and protective stop do you use?
  • #31
  • Aug 6, 2007 3:49am Aug 6, 2007 3:49am
Quoting chuckeepw
What target price and protective stop do you use?

If Daily+4Hr+1Hr strength Indicators pointing at the same direction=TP target of 300 pips

If only 4hr+1hr strength Indicators pointing to the same direction= TP200 pips target


Stop Loss:

aprox:100 pips from the 1hr , 50line crossover price.
  • #32
  • Aug 6, 2007 5:19am Aug 6, 2007 5:19am
Can you give an estimate of the percentage of winning trades vs. losers?
Money for nothin' and pips for free!
  • #33
  • Aug 6, 2007 6:06am Aug 6, 2007 6:06am
Hi Auslanco

Are you using this system on other pairs also? If yes, have you found it wotk better or best with GY?

Thanks!
Consistency and patience is everything
  • #34
  • Edited 9:54am Aug 6, 2007 9:37am | Edited 9:54am
what is the percentage of losses this system makes? how is the exit signal? when do you move to breakeven?
  • #35
  • Aug 6, 2007 10:41am Aug 6, 2007 10:41am
Quoting blanca
what is the percentage of losses this system makes? how is the exit signal? when do you move to breakeven?
I think he said that he moves sl after 100 pips to be locked in profit
  • #36
  • Aug 6, 2007 11:25am Aug 6, 2007 11:25am
what is the percentage of losses and the exit signal?, thanks a lot
  • #37
  • Aug 6, 2007 11:31am Aug 6, 2007 11:31am
Quoting blanca
what is the percentage of losses and the exit signal?, thanks a lot
I'll take it as a question addresed to me:
he said that when he enters a transaction he is like 90% sure that it will go inhis favor, and after this 2 weeks I came to beleive him...
  • #38
  • Aug 6, 2007 11:51am Aug 6, 2007 11:51am
thanks a lot ovidiu, you are very kind, and how is the exit signal like? do we keep in the trade even if the qqe has crossed back ?
  • #39
  • Aug 6, 2007 12:57pm Aug 6, 2007 12:57pm
Quoting blanca
thanks a lot ovidiu, you are very kind, and how is the exit signal like? do we keep in the trade even if the qqe has crossed back ?
the exit signal is based on the entry point 200 pips after second 1hr confirmation bar, if the trend is only on 1H and 4H, but if the daily is with us you can go more than 200 pips, and yes you keep ur trade even if 1hr QQE crosse back, only with 4H is more triky that signals a trend change so probably that would be an exit signal, that's how far that I know but I am still learning
  • #40
  • Aug 6, 2007 1:02pm Aug 6, 2007 1:02pm
Is this strategy good for all pairs or only works on G/J?
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