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Attachments: .SI4 for GBP/JPY & EUR/JPY
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.SI4 for GBP/JPY & EUR/JPY

  • #61
  • Sep 2, 2007 9:47am Sep 2, 2007 9:47am
I'm going to help out those that may not know or have the ability to set up the SMTP portion of the FT platform.....

Under the EMAIL ALERTS in the GLOBAL SETTINGS (UTILITIES), use the SMTP information from the screenshot except substitute your cell info (SMS text or cell email address).

Here are the email addresses for the 6 most popular cellular phone carriers:

 

  1. T-Mobile: phonenumber@tmomail.net
    Virgin Mobile: phonenumber@vmobl.com
    Cingular/ATT: phonenumber@cingularme.com or @txt.att.net
    Sprint: phonenumber@messaging.sprintpcs.com
    Verizon: phonenumber@vtext.com
    Nextel: phonenumber@messaging.nextel.com

    where phonenumber = your 10 digit phone number

If you don't know the phone carrier for the cell phone number you are attempting to call, you can try this universal service.

You need to enter the email as the username authentication ([email protected]) and the password.

I don't want to post the password in a public forum as it would risk it being used for spam. If you're a 1KT trader, I will send you the password.

I will also need to limit it to less than 25-50 users to make sure the signals make it through in a timely manner.

All others will need to be vouched for by someone trustworthy. If you can figure out the SMTP by Googling your mail carriers SMTP settings, just place it in the appropriate field.

Attached Image
Capital Preservation is key to long term wealth accumulation
  • #62
  • Sep 2, 2007 9:58am Sep 2, 2007 9:58am
Quoting Mr Trend
As you can see, if you started using this in 2005, you'd drop it after the first drawdown... well most people would. And I would put money on the fact that it doesn't backtest well before that...

Of course, you can see where 2007 starts...
Have you manually gone back to analysis the trades? This would help determine why the back test would see such a drop. Trailing is trailing. The pair would have to make abrupt jig jags about every 250 pips in order to have that poor of performance. Using the .005 setting should limit losses to no more than 150 points. I checked the 2004-2005 charts and the pair was still trading within a 1000 point range which should be more than sufficient to trade successfully. It's actually been in that same pip range with the recent trades.

If you get stopped out more than 2-3 times in a row or your P/L is in a steady decline, utilizing any system be it automatic or manually traded....it's time to go over things.

My experience is that forex traders jump from system to system too quickly without putting any blood, sweat, and tears into it first. We often look for the perfect system that will weather any storm.

When I lived in Wyoming I would change my summer treads on my car to winter treads without fail every October to prepare for the Winter....maybe life lessons can be learned in the simplest things.

Take a look at the charts manually and let me know what you think. My FT platform kicks me back to 700 bars everytime I place it at more than 29,000. So I can't help you much there.
Capital Preservation is key to long term wealth accumulation
  • #63
  • Sep 2, 2007 10:25am Sep 2, 2007 10:25am
You can verify that the system settings are the same by checking the System Settings screenshot on the first post and by checking the STOP and PROFIT settings on this post.
Attached Images
Capital Preservation is key to long term wealth accumulation
  • #64
  • Sep 2, 2007 10:29am Sep 2, 2007 10:29am
"I plan to look at this with some stop losses and whatnot to see if we can minimize the drawdowns"

I normally place a 150 pip stop loss from opening if I'm not near the PC. If it's getting later in the day or I'm in meetings all day, I'll place a 200 pip trailer on it as well. That seems to work just as well. Though to be honest, it hasn't hit my stop prior to being called FLAT or reversed anyway.
Capital Preservation is key to long term wealth accumulation
  • #65
  • Sep 2, 2007 10:36am Sep 2, 2007 10:36am
Quoting MuddBuddha
"I plan to look at this with some stop losses and whatnot to see if we can minimize the drawdowns"

I normally place a 150 pip stop loss from opening if I'm not near the PC. If it's getting later in the day or I'm in meetings all day, I'll place a 200 pip trailer on it as well. That seems to work just as well. Though to be honest, it hasn't hit my stop prior to being called FLAT or reversed anyway.
Muddbuddha, it seems you have been through this system with a fine tooth comb. I wonder what your thoughts are about not closing EOD and just rolling as a true stop and reverse so you are always in the market?

It appears to work fantastic if you are always in, but I don't have alot of bars to go back and look, only since August 8th or so on my charts.
  • #66
  • Sep 2, 2007 11:14am Sep 2, 2007 11:14am
Quoting lepiricus
Muddbuddha, it seems you have been through this system with a fine tooth comb. I wonder what your thoughts are about not closing EOD and just rolling as a true stop and reverse so you are always in the market?

It appears to work fantastic if you are always in, but I don't have alot of bars to go back and look, only since August 8th or so on my charts.
Funny you mention....I have been playing with one on the GBP/USD that was near 89% by being in all the time. As far as this particular system, mine gained 12% by closing EOD than rolling over and getting hit with the strong move reversal that is common on the GBP/JPY. I knew that others may see differing P/L values depedning on barws in history, time zone, settings, etc....just wasn't sure to what extent.

To increase the bars in memory, click the options icon (chart bars) and set the bars in memory to 29000. This should bring it out quite a ways. You may want to try 30K or more...mine resets to 700 if I do but you may have better luck. You can also change it in the global settings which will make it default for any new charts you open.

I'll dig up that GBP/USD system. Some of you recieved the first Trend Chaser FX system in the .zip file....that one is a fairly safe system. Not as profittable, but safe in that it only takes trades in the direction of the major trend and is based on a longer time frame. It would sometimes hold for a couple of days. I used that one for quite some time prior to stripping it down to just the Trailing Volatility indicator. FT SRV makes it so easy to design and play around with systems since it's all graphically based that I often shot around ideas on Sundays prior to the open just to see what I can come up with.
Capital Preservation is key to long term wealth accumulation
  • #67
  • Sep 2, 2007 12:19pm Sep 2, 2007 12:19pm
Had a decent conversation via PM...thought I'd share.

"Also, could you comment on the ~ weekly pip gain from your system?"

Well, I'll help as much as possible. I typically EXPECT 200 points per week, but there have been weeks where the P/L gain has exceeded 800. This week was around 580 even with a stop out. Gains come in time. The key is to be patient and not get anxious about the losses. Put realistic goals on yourself and your system. Try new things and ideas....break out of the forex dogmas that often exist concerning MA systems, Naked Trading, price action,funamentals, etc. All things have benefit to an open mind and all things hinder to a closed mind.

I started enjoying the most success when I stopped reading what others thought and did and traded sound, tried and true ideas. I avoided FF for a period so I wouldn't be tempted to read the most recent posts of this weeks guru. That's when I realized that the only thing making trading hard was me and me alone.

When you do succeed, be proud of your accomplishments, but make it a quiet pride. Boastfulness only breeds selfishness which in turn breeds greed and vanity. Be more like Rocky and less like Mr. T. (corny 80's reference)

Approach trading as a business, not a competition. Use a profit margin for your weekly or monthly goals. If you're not meeting those goals, evaluate yourself AND your system. Indentify where you are suffering albeit your system or your own temptations.
Capital Preservation is key to long term wealth accumulation
  • #68
  • Sep 2, 2007 4:55pm Sep 2, 2007 4:55pm
postcast is the smtp server I use to email out stuff from MT4, works good and is free. pretty easy to configure FT to use it once Mudd told us where to find those settings. let me know if anyone has questions.
  • #69
  • Sep 2, 2007 6:50pm Sep 2, 2007 6:50pm
Hi Mudd,

I have attached my time zone screen, my timezone says -4
I'm just wondering if you can confirm that is what yours is as well,
I have set my computer clock to est (usa) to make sure I get the same
settings as you without any complications.

Thanks for the great system.

Mr Smith
Attached Image
  • #70
  • Sep 2, 2007 6:53pm Sep 2, 2007 6:53pm
Quoting Mr Smith
Hi Mudd,

I have attached my time zone screen, my timezone says -4
I'm just wondering if you can confirm that is what yours is as well,
I have set my computer clock to est (usa) to make sure I get the same
settings as you without any complications.

Thanks for the great system.

Mr Smith
Right on the money.
Capital Preservation is key to long term wealth accumulation
  • #71
  • Sep 2, 2007 8:00pm Sep 2, 2007 8:00pm
Anyone that needs a email address to work with trendchaser signals, if you get one at bluebottle.com its real easy to setup the smtp etc, I got it working and did a test from FTrader all is working, let me know if you need help setting it up.
  • #72
  • Sep 2, 2007 8:36pm Sep 2, 2007 8:36pm
Carlos and the gang over at FT will be very surprised come Tuesday, since they run such a software package that has a very small, dedicated following... Seeing about 200 people request demo's should be interesting to them...
Mr. Trend
  • #73
  • Sep 2, 2007 9:34pm Sep 2, 2007 9:34pm
Quoting MuddBuddha
Check the date at the top of your platform....it says Aug 8th. Your PC time correct? It wont update the charts past what it thinks the current date is; so double check your date/time settings.

If you reinstall, make sure you follow those directions....uninstall, reboot, delete, reboot, install, reboot.
Oh lordy, that fixed it, thanks for being a hero MuddBuddha. It was so obvious I missed it. I'll go find my dunce cap. I'll go delete the other posts I made. Clutters up this thread
  • #74
  • Sep 3, 2007 1:02am Sep 3, 2007 1:02am
market just did a nice jump right as the 30 min bar closed, gave a buy signal then few seconcds later gave a close flat signal, wild stuff.

Did you also get this mudd, I just wanna make sure my settings are all behaving correctly.

Just noticed I don't see the sell flat arrow there, only the buy, but an alert popped up seconds after it gave the buy signal, saying
to close, then after that i got another buy signal, so it turns out I got 3 signals in about 1 min, all got sent to my email, go long, then flat
then go long again, hopefully nothign wrong with my settings, just a freak price move so it freaked out maybe.

thanks
westie
  • #75
  • Sep 3, 2007 1:14am Sep 3, 2007 1:14am
My settings might be wrong because I saw the price move, but I didn't get any emails, plus I am at work so can't monitor my actual charts.
  • #76
  • Sep 3, 2007 1:36am Sep 3, 2007 1:36am
So i got a buy, a short to close, and then another buy at 2:00 am ESt, then a short to close at 2:30 am est, I got a feeling one of my settings is wrong, or does this sound right?
Oh and with the latest short to close signal there is no arrow there, but i received a email and saw the message popup in FT.

thanks
westie
  • #77
  • Edited 3:17am Sep 3, 2007 1:49am | Edited 3:17am
Sorry for all these posts mudd, I just wanna make sure I got it right, i have attached the indicator edit page for the trailling volatility settings,
should the calculate only at bars close be checked? Or is it normal for the system to tell you to close out before bar close? If that's normal
then that would explain whats been happening, just I was under the impression this is a bar close system, it keeps signalling to close/flat even tho the bar hasn't closed, i think since the long signal at 2:ooam est its signalled for me to sell/close about 10 times, is it normal to repeat itself tellin you to close?

From what I just read, on page 4, you said its a bar close system, so I'm sure I got something wrong going on, cause visuallly, it looks like I should still be long, as there is the green arrow from 2:00am to go long, and a bunch of bars have closed after that, and there is still no white arrow printed on the chart.

Thanks
Westie
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  • #78
  • Sep 3, 2007 7:58am Sep 3, 2007 7:58am
Quoting lcraft93
My settings might be wrong because I saw the price move, but I didn't get any emails, plus I am at work so can't monitor my actual charts.

LOGMEIN.com = FREE
Capital Preservation is key to long term wealth accumulation
  • #79
  • Sep 3, 2007 8:00am Sep 3, 2007 8:00am
Quoting Westie
So i got a buy, a short to close, and then another buy at 2:00 am ESt, then a short to close at 2:30 am est, I got a feeling one of my settings is wrong, or does this sound right?
Oh and with the latest short to close signal there is no arrow there, but i received a email and saw the message popup in FT.

thanks
westie
I got the call to go LONG same time as you did....I didn't get a FLAT though. The TV line should be down near 233.19, so it shouldn't have triggered a FLAT.
Capital Preservation is key to long term wealth accumulation
  • #80
  • Sep 3, 2007 8:01am Sep 3, 2007 8:01am
Quoting Westie
Sorry for all these posts mudd, I just wanna make sure I got it right, i have attached the indicator edit page for the trailling volatility settings,
should the calculate only at bars close be checked? Or is it normal for the system to tell you to close out before bar close? If that's normal
then that would explain whats been happening, just I was under the impression this is a bar close system, it keeps signalling to close/flat even tho the bar hasn't closed, i think since the long signal at 2:ooam est its signalled for me to sell/close about 10 times, is it normal to repeat itself tellin you to close?

From what I just read, on page 4, you said its a bar close system, so I'm sure I got something wrong going on, cause visuallly, it looks like I should still be long, as there is the green arrow from 2:00am to go long, and a bunch of bars have closed after that, and there is still no white arrow printed on the chart.

Thanks
Westie
post up a chart screen too, please. And double check the settings under the STOP and PROFIT screens against the previous posted screens I put up.
Capital Preservation is key to long term wealth accumulation
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