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Boogie Man Is Coming To Get Pips...

  • #61
  • Nov 26, 2007 9:04pm Nov 26, 2007 9:04pm
Quoting WisBiz
@Iqtrading

Why you put the 144MA in the RSI windows?

Actually, I confused here...
Which kind of MA that we use in the RSI windows (MT4 platform)?
10SMA
  • #62
  • Edited 11:27pm Nov 26, 2007 10:55pm | Edited 11:27pm
Quoting Ado
If you like this template use it.
Hi Ado
I saw your chart everything seems to me ok but Crossing of RSI & MA is not looking clear like my chart...then how u manage to enter...? coz we cannot afford even a singal mistake....can u drage ur RSI & MA Crossing window down more ? so u can see the clear crossing of RSI & MA...? For more see my charts see how clear is everything- i-e Crossing
Also try 5-Mints chart with non volatile pairs coz even one mints chart volatile pairs are so fast that u cannot afford to be laszy...As i said lot of time that im not a scalper but maybe my this strategy helps anyone...best time is 5-GMT Or US timing...
  • #63
  • Nov 26, 2007 11:32pm Nov 26, 2007 11:32pm
Quoting WisBiz
@Iqtrading

Why you put the 144MA in the RSI windows?

Actually, I confused here...
Which kind of MA that we use in the RSI windows (MT4 platform)?
the 144 is a magical number for me... i've it in several other techniques and works well for me, psychological background...

if the RSI>144WMA and WMA pointing up = good for longs if both above 50 high probability setup, and viceversa...

I don't want to force anybody to change the method, but for me it seems look better, and anyway the KISS is nevertheless given...

And another thing, what somebody told me...

Don't waste too much time on thinking how some things work, get intuitive and trade what you see objective...

lets make some money, i think that is the point which we should marked RED out...
  • #64
  • Nov 26, 2007 11:36pm Nov 26, 2007 11:36pm
Quoting Iqtrading
looks a little bit confusing but i think with screentime u can increase profitability...
Its seems if we add MA 144 then we may also avoide from false signals seems preety goood
  • #65
  • Nov 26, 2007 11:38pm Nov 26, 2007 11:38pm
Quoting Iqtrading
the 144 is a magical number for me... i've it in several other techniques and works well for me, psychological background...

if the RSI>144WMA and WMA pointing up = good for longs if both above 50 high probability setup, and viceversa...
its MA=144 OR WMA= 144....? iN RSI & MA...
  • #66
  • Nov 26, 2007 11:44pm Nov 26, 2007 11:44pm
Hammm...
Sounds really intresting ....
If we also add MA=144 IN the combination of RSI & MA....
So we must add this new addition to this thread that
enter if...
RSI & MA CROSS MA=144 down & sar appears above also RSI Crossed down MA=10....
and again & again we may enter for every short signal if both rsi & ma is remains down ma=144...on the appearance of every short psar dot....? & viceversa for long...?
  • #67
  • Nov 26, 2007 11:46pm Nov 26, 2007 11:46pm
Quoting Umairs2004
its MA=144 OR WMA= 144....? iN RSI & MA...
i use WMA at all, in charts i use EMA... I use the 144 as a baseline...

and my 2nd insight 5sec chart is too fast for indicators... I don't get something there if i use use added things, so i will use it on 1 and 5 min charts
  • #68
  • Nov 26, 2007 11:47pm Nov 26, 2007 11:47pm
Quoting Iqtrading
the 144 is a magical number for me... i've it in several other techniques and works well for me, psychological background...

if the RSI>144WMA and WMA pointing up = good for longs if both above 50 high probability setup, and viceversa...

I don't want to force anybody to change the method, but for me it seems look better, and anyway the KISS is nevertheless given...

And another thing, what somebody told me...

Don't waste too much time on thinking how some things work, get intuitive and trade what you see objective...

lets make some money, i think that is the point which we should marked RED out...
Wht u say about new addition of ma=144...?
as i said tht im not a scalper and my experience with this system is just of one month...im posting its screenshot...
  • #69
  • Nov 26, 2007 11:54pm Nov 26, 2007 11:54pm
Quoting Umairs2004
Wht u say about new addition of ma=144...?
as i said tht im not a scalper and my experience with this system is just of one month...im posting its screenshot...
I'm also not a scalper, we must test it under real market conditions, like today... as i had identified good moves... i trade the AUD/JPY because the stupid dollar has burned my euro wealth away, as i had open a dollar account at my broker

I would say it try a little bit today, and with the 144, i would say, try what suite u, i don't mean really buy above and sell below, but the 144 gave u a line, yesterday night i watched in the stars and sometimes i'm felt the same in forex, don't know where i'm, the 144 gives u a little small insight in what the trend is doing
  • #70
  • Nov 27, 2007 12:01am Nov 27, 2007 12:01am
Quoting Umairs2004
Hi Ado
I saw your chart everything seems to me ok but Crossing of RSI & MA is not looking clear like my chart...then how u manage to enter...? coz we cannot afford even a singal mistake....can u drage ur RSI & MA Crossing window down more ? so u can see the clear crossing of RSI & MA...? For more see my charts see how clear is everything- i-e Crossing
Also try 5-Mints chart with non volatile pairs coz even one mints chart volatile pairs are so fast that u cannot afford to be laszy...As i said lot of time that im not a scalper but maybe my this strategy helps anyone...best time is 5-GMT Or US timing...
The setings are the same, RSI 21 and SMA 10, to see the windows larger it's just a matter of puling above-below the line, anyway, I prefer to use the powercharts because it's fxcm's feed, it's a pitty the built in charts are so damn poor quality.

I don't know if you read one of my posts before, I'm having a hard time geting this to work, I get +3 to +5 pips for three-four times and then comes a big loser of -10 -15 that makes me return to the initial point, and so on...
Ado Whether you believe you can do a thing or not, you are right.
  • #71
  • Nov 27, 2007 12:09am Nov 27, 2007 12:09am
Quoting Ado
The setings are the same, RSI 21 and SMA 10, to see the windows larger it's just a matter of puling above-below the line, anyway, I prefer to use the powercharts because it's fxcm's feed, it's a pitty the built in charts are so damn poor quality.

I don't know if you read one of my posts before, I'm having a hard time geting this to work, I get +3 to +5 pips for three-four times and then comes a big loser of -10 -15 that makes me return to the initial point, and so on...
Ya i read ur post i thought tht might be view problem of crossing ....anyways also try 5-mints with non volatile as the movement is slow as compared to one mints with volatile pairs....but see e/j now 1-mints its giving some goood scalp trades...im testing now ma=144 also lets c how it works...im testing on NZD/USD On 5-mints as ma=144 looking great for more see...
  • #72
  • Nov 27, 2007 12:11am Nov 27, 2007 12:11am
Quoting Ado
The setings are the same, RSI 21 and SMA 10, to see the windows larger it's just a matter of puling above-below the line, anyway, I prefer to use the powercharts because it's fxcm's feed, it's a pitty the built in charts are so damn poor quality.

I don't know if you read one of my posts before, I'm having a hard time geting this to work, I get +3 to +5 pips for three-four times and then comes a big loser of -10 -15 that makes me return to the initial point, and so on...
According to my testing, this system has a 75% win/loss ratio and from what you are saying, that seems to be the case. So, why don't you put a tighter stoploss?
  • #73
  • Nov 27, 2007 12:19am Nov 27, 2007 12:19am
This is the template I uploaded hour ago for MT users, it's basicaly the same but removed the RSI fixed min.-max. so the crossing it's clearer.
Attached Image
Attached File(s)
File Type: tpl boogieman clear rsi.tpl   1 KB | 415 downloads
Ado Whether you believe you can do a thing or not, you are right.
  • #74
  • Nov 27, 2007 12:20am Nov 27, 2007 12:20am
Quoting mazdaz
According to my testing, this system has a 75% win/loss ratio and from what you are saying, that seems to be the case. So, why don't you put a tighter stoploss?
I'm trying with 10 stop loss at the moment, less than that it's like giving up automaticly. Lets see.
Ado Whether you believe you can do a thing or not, you are right.
  • #75
  • Nov 27, 2007 12:35am Nov 27, 2007 12:35am
See Screenshot...As one mints chart u have to be so quick and active see how vaild scalp trades and try to compare my chart with yours...Gooodluck
Attached Image (click to enlarge)
Click to Enlarge Name: ee..jj.JPG Size: 172 KB
  • #76
  • Nov 27, 2007 12:48am Nov 27, 2007 12:48am
I think umair your system is also working great on non -volatile pairs i just closed my position on 10 pips profit on NZD.USD on 5 minutes chart
Secret...? "I Love The World Love "
  • #77
  • Nov 27, 2007 12:51am Nov 27, 2007 12:51am
i think your system is working excellent on five minutes chart and with non volatile pairs specially for newbies one minute on volatile is so fast ur winning ration is very good almost 80% as im comparing your screenshots with mine but im sure your winning ration on non volatile pairs with five minutes chart might be more effective now i am working on it THANKS Buddy
Secret...? "I Love The World Love "
  • #78
  • Nov 27, 2007 1:09am Nov 27, 2007 1:09am
GBD.JPY one minutes is rocking on short!!!
Secret...? "I Love The World Love "
  • #79
  • Nov 27, 2007 1:14am Nov 27, 2007 1:14am
And now on Long hehehehe
Secret...? "I Love The World Love "
  • #80
  • Nov 27, 2007 1:26am Nov 27, 2007 1:26am
Quoting Umairs2004
See Screenshot...As one mints chart u have to be so quick and active see how vaild scalp trades and try to compare my chart with yours...Gooodluck
Hello Umairs,

Do you trade your scalping system on a live account and if you do what is your spread on the Gbp/Jpy ? Thanks ....T-Wolf
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