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Attachments: Trend Hugger System
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Trend Hugger System

  • #61
  • Nov 27, 2007 9:36am Nov 27, 2007 9:36am
Quoting tdion
Slick graph, skyline.

Impressive, as usual.
Thx Tdion
I used SnagIt to paint that nice lines , I suggest everyone to use it
  • #62
  • Nov 27, 2007 10:52am Nov 27, 2007 10:52am
I am giving, what seems to be, a very simple strategy a try. If I understand correctly, the "signal" is when the value of the next bar on OsMA is up or down from the previous one. At 11:00 am today, the next bar was "up" thus producing a "Buy" signal. I went long. A few, very short minutes later, my trade (GBP/JPY - 1 hr. chart) went south for a full 50 pip loss (50 pip stop per system). Did I miss something? When do you enter trades is you are trading 1 hr chart? At the beginning of each hour? If you get stopped out, do you have to wait and see what happens at the start of next hour? Please clarify. Thanks!
  • #63
  • Edited 12:23pm Nov 27, 2007 12:05pm | Edited 12:23pm
Quoting skyline
Tkimble, is correct my entry as in below picture? ( btw this first attemp was a 50 pips loss )
Yes. It seems to be correct. I likewise loss 50 PIPs on the same trade but am now long on the subsequent trade and up 60 PIPS...

Are you using MT4 to make these great looking charts???

TK...
  • #64
  • Nov 27, 2007 12:07pm Nov 27, 2007 12:07pm
Quoting Cmartin371
I think you are comparing the value of the MACD Histo Bars. I think the system calls for you to compare the "signal" to the previous "value"....at least that is how I am reading it.

Chris
This is correct. Simply compare previous OsMA price bar value to current OsMA price bar value.

TK...
  • #65
  • Nov 27, 2007 12:23pm Nov 27, 2007 12:23pm
Do you just use GBP/JPY for this system? Also, do you have to wait for beginning of each hr. too enter & exit trades if yo are trading the hrly chart?
  • #66
  • Nov 27, 2007 1:10pm Nov 27, 2007 1:10pm
Quoting tkimble
Yes. It seems to be correct. I likewise loss 50 PIPs on the same trade but am now long on the subsequent trade and up 60 PIPS...

Are you using MT4 to make these great looking charts???

TK...
Thx TK
I lost also next trade since I entered long two candles late and I suffer another 50 pips loss
Yes I'm using metatrader platform but those lines and text was done using SnagIt (you can try demo version here http://www.download.com/3000-2192_4-10717260.html)
If you like in attachment you can find my actual template

Cheers,
Skyline
Attached File(s)
File Type: tpl tkimble hugger system.tpl   2 KB | 1,020 downloads
  • #67
  • Nov 27, 2007 1:15pm Nov 27, 2007 1:15pm
Quoting bjk2801
Do you just use GBP/JPY for this system? Also, do you have to wait for beginning of each hr. too enter & exit trades if yo are trading the hrly chart?
The beauty of this system is that it is adaptable to any pair for any timeframe. Really depends on your trading style (fast, slow, watch market all day, not watch market all day, etc.)

Thanks,

Ty
  • #68
  • Edited 1:34pm Nov 27, 2007 1:33pm | Edited 1:34pm
Hi TK,

Nice simple system you have here!

I notice you prefer to use the OSMA rather than MACD for entries.

Can I just ask what does the signal setting on the OSMA indicator do? I know on MACD it gives the 100 average of the histogram bars and plots that on the same graph? On the OSMA indicator I don't see this however?

Also whilst we are on the 100 Signal SMA how do you use it on the MACD? Do you use it as an additional filter or not at all?

Thanks,

pn
  • #69
  • Nov 27, 2007 1:34pm Nov 27, 2007 1:34pm
I am assuming SL is variable with whatever time frame you are using (or ideally with your account size vis a vis potential draw down for this system)?
  • #70
  • Nov 27, 2007 1:47pm Nov 27, 2007 1:47pm
Quoting purenirvana
Hi TK,

Nice simple system you have here!

I notice you prefer to use the OSMA rather than MACD for entries.

Can I just ask what does the signal setting on the OSMA indicator do? I know on MACD it gives the 100 average of the histogram bars and plots that on the same graph? On the OSMA indicator I don't see this however?

Also whilst we are on the 100 Signal SMA how do you use it on the MACD? Do you use it as an additional filter or not at all?

Thanks,

pn
MACD = Fast MA - Slow MA
In this case it is 40MA - 50MA.

The signal line is a MA of the MACD.

In this case it is a 100MA of the MACD.

The standard MT4 MACD is an oddball. It plots the MACD as a histogram. In every other application I have seen, it is plotted as a line.
In MT4 the MACD is a histogram and the signal line is shown as a thin line threading through it.

Usually both the MACD and the signal line are shown as lines. They look like a couple of MAs moving together.

The histogram, in most applications, is the difference between the MACD and the signal line.

This histogram is what we are using here. This is what the OSMA is.

Don't use the MT4 MACD. It is totally different than what you want for this system.

Use the OSMA.
  • #71
  • Nov 27, 2007 1:53pm Nov 27, 2007 1:53pm
hi tkimble

do you think your methods could work in trading the e-mini futures?

also is it possible do you think to use tick charts with your systems?



jason
  • #72
  • Nov 27, 2007 3:56pm Nov 27, 2007 3:56pm
This method also looks simple and easy to understand. I'm guessing that you probably already have been playing with settings for the smaller timeframes!? There is really no use in doing a job if it has already been done, so my question will be if the settings used by you in 1H works best in the smaller timeframes also? After a fast overlook I noticed that 5M is way to choppy for this, but from 15M and up it would/could work also.

Another observation was that by using BOTH OsMA and MACD as triggers, meaning that they both have to show the same signal, you could wash out a few of the bad trades. But I have to say that I have not done any extensive testing on this.
  • #73
  • Nov 27, 2007 6:21pm Nov 27, 2007 6:21pm
When do you exit a trade in this system? When the next bar is down? Do you set targets? Thanks.
  • #74
  • Nov 27, 2007 9:12pm Nov 27, 2007 9:12pm
Quoting carmel
TKimble,

Your contributions are always appreciated. Thanks for this new system. Question on an entry: The attached picture seems to show a good entry but then a drawdown of about 165 pips while the MACD and OSMA are continuing their downtrends. Comments? Thanks again.
Hi,

Where did you get that nice looking OSMA? Can you point me to a link? I like the fact that it shows up in color
  • #75
  • Nov 27, 2007 9:35pm Nov 27, 2007 9:35pm
Quoting xwisdom
Hi,

Where did you get that nice looking OSMA? Can you point me to a link? I like the fact that it shows up in color
Reading the thread from the beginning might help

Check post #29
"The only successful substitute for brains is silence."
  • #76
  • Nov 27, 2007 9:48pm Nov 27, 2007 9:48pm
Being only inthe forex arena for several months, when someone that has the respect and admiration of others (tkimble) that have been in forex far longer than I, I would be a fool not to pay attention. I think it was J.Paul Getty that once said he got rich by hiring guys that were much smarter than he was. So, I'm applying that philosophy to forex. I plan on getting rich by paying attention to to people that are much smarter than I. When tkimble says this is his best system ever, I have to believe that it probably is. When I see the accolades of others that have followed him in the past, I know he knows what he's talking about. Further, when I see that he's not interested in writing a book and making money off that book, which he most assuredly could, I poersonally have admiration already for the guy. So, being not quite a newbie, which is probably good, because I know I don't know much, I have read this thread twice already. Good thing it's not 1000 pages (yet), but I'm sure it will be in short order. I'm new here. Have traded forex for about a year. Much better and safer than the stock market, and I love it. Look forward to being here a long time. By the way, I have already paid my dues in the stock market, and have not been, and will not be, one of the 95% people who lose in forex. That's my vow, and that's why I'm here. With the assistance and knowledge of people like tkimble and many others here, I'll be in the 5%. Nice meeting all of you.
  • #77
  • Nov 27, 2007 10:20pm Nov 27, 2007 10:20pm
Quoting paradoxical
Being only inthe forex arena for several months, when someone that has the respect and admiration of others (tkimble) that have been in forex far longer than I, I would be a fool not to pay attention. I think it was J.Paul Getty that once said he got rich by hiring guys that were much smarter than he was. So, I'm applying that philosophy to forex. I plan on getting rich by paying attention to to people that are much smarter than I. When tkimble says this is his best system ever, I have to believe that it probably is. When I see the accolades of others that have followed him in the past, I know he knows what he's talking about. Further, when I see that he's not interested in writing a book and making money off that book, which he most assuredly could, I poersonally have admiration already for the guy. So, being not quite a newbie, which is probably good, because I know I don't know much, I have read this thread twice already. Good thing it's not 1000 pages (yet), but I'm sure it will be in short order. I'm new here. Have traded forex for about a year. Much better and safer than the stock market, and I love it. Look forward to being here a long time. By the way, I have already paid my dues in the stock market, and have not been, and will not be, one of the 95% people who lose in forex. That's my vow, and that's why I'm here. With the assistance and knowledge of people like tkimble and many others here, I'll be in the 5%. Nice meeting all of you.
Thanks for the words. My philosophy on books is very simple:

Those who can, do, those who can't, teach.

Best of luck with your trading.

TK
  • #78
  • Nov 27, 2007 10:24pm Nov 27, 2007 10:24pm
Quoting bjk2801
When do you exit a trade in this system? When the next bar is down? Do you set targets? Thanks.
Only exit when you are stopped out. Otherwise it is a Stop and Reverse (SAR) which is my preference for trading. I love the action.

TK
  • #79
  • Nov 27, 2007 10:43pm Nov 27, 2007 10:43pm
to tKimble!!

Awesome system!!
  • #80
  • Nov 28, 2007 1:27am Nov 28, 2007 1:27am
If I am right you can only Enter the new direction after the first change in direction of the OSMA has been confirmed? So that would be the open of the second bar after the peak or trough?

Thank you.
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