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SRDC Episode I

  • #841
  • Jan 3, 2007 12:02am Jan 3, 2007 12:02am
This is a trade I took following SRDC Adv. rules: (on cable btw)

http://img464.imageshack.us/img464/4796/cableix1.jpg

However, we see that it's not really going my way. What should I do? Hold on to it and see if it comes back up? Regularly i hold my trades until either my set TP or SL, but this time i was a little iffy at the beginning of the trade because the thin market during the closed Tokyo session didn't make me too comfortable.

Thanks
  • #842
  • Jan 3, 2007 12:11am Jan 3, 2007 12:11am
ah, nevermind, the price is moving up as i type. this trade has really showed me the difference in mental stress in live trading from demo trading.
  • #843
  • Jan 3, 2007 12:37am Jan 3, 2007 12:37am
Quoting Panjan
Lou,

Thanks....I'll be looking for your point #1. b'coz I remember I've read it somewhere in thread b4.

BTW, Lou, do you know whether the EA developed by skyline (v 2.1) handle this issue or not (checking thr 15m trend)?. I would love to depend on EA, but with big SL, it can wipe your whole winning trade.

Could anybody pls post their result on SRDC 1, so that we can be sure of the performance, at least for a newbie like me.

Panjan, I originally thought SRDC I was a straddle method but the copy of the rules I have does not mention it. Nor is it mentioned in my II copy. Sorry I cant help with EA since I do not use metatrader.
Do let me know if you find out something else re SRDC I

Thanks

Lou
  • #844
  • Jan 3, 2007 3:52am Jan 3, 2007 3:52am
Quoting Bradsta
Hi there,

I have been following the SRDC forum since Sep-Oct last year and have read from begenning to end...

I haven't spoken out loud - I just wanted to see how things progressed.

I am currently testing out Skyline's new EA - I would also like to know how other people go with this EA.

I have no problem not having a stop loss on demo - but as Panjan said, it would be a bit of a worry with live trade. I am going to test this EA for a few months and see how it goes.

Keep posting guys, I got a good feeling about Skyline's new EA

Way to go mate!



Cheers,

Bradsta,
I'd like guys to clarify once for all that I didn't intend in anyway that EA SRDC I Adv. is to be used without S/L. It was my fault to put SL to 0 as default value, so please forget the SL to 0 settings and focus to find a SL that boost the EA in relation to TP.

The big challenge infact should be to find best settings with SL and with EOD (End of Day when all orders will be closed automatically by EA) set to 17 GMT (hour when price should close at its high/low) not set to 24 as most users did int their test.
I think also that most users misleading the use of EOD variable.
EOD isn't supposed to be when the hour when the day will come to end (24 pm) because this is not relevant for this EA. But EOD it's an hour (before the 24 pm) when all orders have to be closed automatically if neither SL or TP was reach and this has to happen before the 24pm.
This will avoid that orders will be carried over the next days because this EA is intended to close the orders in the same day when they are opened (that should be 17 gmt, 18 gmt and so on... but before 24 gmt).

Hope to clarify a bit
  • #845
  • Jan 3, 2007 7:04am Jan 3, 2007 7:04am
Quoting skyline
Oh that sounds strange Granpa, the EA seems to works properly in backtesting but to say all the truth I didn't put it in live forwarding test yet . I think it's time to do this to see if there's some bug that backtest doesn't show
Did you check the History/Journal page to see if metatrader showed some kind of errors ?

thx
Thanks Granpa, I am sure Skyline will work to improve it. His work is good.
  • #846
  • Edited 10:19am Jan 3, 2007 8:31am | Edited 10:19am
Quoting Traderbill07
Thanks Granpa, I am sure Skyline will work to improve it. His work is good.
I trust him (skyline)...plus our feedback, for sure he can..

There's no error from History / jurnal MT4 page
that's all for today
  • #847
  • Jan 3, 2007 8:56am Jan 3, 2007 8:56am
Quoting Ebenst
Hi everyone.

I wish all of u a Happy New Year and may it rain pips where ever you are.

I have been studying both threads the past two weeks and have a question regarding srdc1.

In sdrc1 the first target is 5 pips above/below entry order. In sdrc advance we ad the 15 min filter. This means that if the filter is a reversal you lose out on the the first 5 pip TP, since u haven't traded.

Please correct me if i am wrong but it seems one must trade either one or the other but not both?

Regards Eben
Hi Eben,

You are right, either trade SRDC I or SRDC I Advanced, not both. Use the one that suits you the most. The advanced method can filter the breakouts better, but you´ll have to wait for the signal (at least until the EA is perfected).
Pablo
  • #848
  • Jan 3, 2007 11:40am Jan 3, 2007 11:40am
Quoting Lamdun
This is a trade I took following SRDC Adv. rules: (on cable btw)

http://img464.imageshack.us/img464/4796/cableix1.jpg

However, we see that it's not really going my way. What should I do? Hold on to it and see if it comes back up? Regularly i hold my trades until either my set TP or SL, but this time i was a little iffy at the beginning of the trade because the thin market during the closed Tokyo session didn't make me too comfortable.

Thanks
I had a similar setup, went long @ 1949 got stopped @ 1980 (my M2 Pivot Point). Due to my J.O.B. I was not able to go short on the break of yesterday's low.
  • #849
  • Jan 3, 2007 12:18pm Jan 3, 2007 12:18pm
Quoting ePIPhany
I had a similar setup, went long @ 1949 got stopped @ 1980 (my M2 Pivot Point). Due to my J.O.B. I was not able to go short on the break of yesterday's low.

ePIPhany,

I'm not sure whether you've read all the SRDC material. If you have done that, then is good because it is very important.

To my opinion, it is good to learn how to draw a channel on 15m and 1hr. For example, if the price were to break the daily high, I will refer to 15m channel to see whether the strenght is there for price to move up. If the price at Q1, I rather just take 5 pips with very tight stoploss. It's just the way I do it.

Pls verify my statement cause I could wrong though....

just my $0.02

regards,

shah
Shah For every action there is an equal and opposite reaction.....
  • #850
  • Jan 3, 2007 2:39pm Jan 3, 2007 2:39pm
Quoting Panjan
ePIPhany,

I'm not sure whether you've read all the SRDC material. If you have done that, then is good because it is very important.

To my opinion, it is good to learn how to draw a channel on 15m and 1hr. For example, if the price were to break the daily high, I will refer to 15m channel to see whether the strenght is there for price to move up. If the price at Q1, I rather just take 5 pips with very tight stoploss. It's just the way I do it.

Pls verify my statement cause I could wrong though....

just my $0.02

regards,

shah
Since it was a demo I just thought I'd go long on the break of yesterday's hi. Although I had reservations because FX Sniper was showing divergence.
I admit I haven't read every single post on this thread but I have read the majority of it. And the more I read I think the more I'm getting confused. For example, Channels, perhaps I missed some posts but do I use Equidistant Channels with simple trendline, SHI, LRC............
Regarding Q1, does SRDC I Advance use quadrants? I thought that was SRDC II. Although I have come across mention of referring to it.

Thanks for the $0.02 it's more than I made today.

Charlie
  • #851
  • Jan 3, 2007 3:16pm Jan 3, 2007 3:16pm
For those of you who joined us in TS Room aka Pipville, thanks for another great trading day. If you missed it you can still get the highlights in here. OrangeRoshan took time to visit and teach us more about his awesome method. We started by trading "the channel" from quad. 1 down to the median and beyond. We later took our SRDC I trade, and after a little tense time for the newbies it paid off big. Trading SRDC I or advanced daily will guarantee you many pips. There may be a day you might lose but overalll you will be a big winner. We watched the news and took a few pips off the bounce. Everything we did today was taught in this thread and in the SRDC I thread for free. Please read the threads, the manual and then practice. Join us in the TS Trading Room and watch trades in action. We call our trades as we make them and then you can see that when say we made 40, 50 or 100 pips, we are telling the truth. It is the Rule in TS (call your trade if you are going to boast about your pips). It is not a contest, it is people helping others to be sure about their trades and to make sure that they consider everything before you push the button.

Join us in the SRDC Teamspeak room starting in London session and on into New York and beyond. Everyone is welcome!

Traderbill

Special help for SRDC I and I advanced by user 4rex in TS Room!
  • #852
  • Jan 3, 2007 5:07pm Jan 3, 2007 5:07pm
epiphany,

The SRDC and SRDC Advance Strategy Part 1 do not incorporate anything else but the concept of the penetration of Support/Resistance and a trendline to help determine whether the trend is up/down/ranging. The SRDC method is explained on Master Orange Roshan's first post and SRDC Advanced Strategy Part 1 is available by going to post # 690 page 46. You don't need channels, fibs, or any other indicator except what OR prescribes. There are those who are more experienced and familiar with SRDC/SRDC2 that will apply more advanced strategies when they trade SRDC/advanced part 1 but this is not meant for beginners. Keep it simple for now read the thread several times if necessary and keep your chart clean and simple.

Only a suggestion that has helped others including myself.

Quoting ePIPhany
Since it was a demo I just thought I'd go long on the break of yesterday's hi. Although I had reservations because FX Sniper was showing divergence.
I admit I haven't read every single post on this thread but I have read the majority of it. And the more I read I think the more I'm getting confused. For example, Channels, perhaps I missed some posts but do I use Equidistant Channels with simple trendline, SHI, LRC............
Regarding Q1, does SRDC I Advance use quadrants? I thought that was SRDC II. Although I have come across mention of referring to it.

Thanks for the $0.02 it's more than I made today.

Charlie
All 4 1 and 1 4 All
  • #853
  • Jan 3, 2007 11:34pm Jan 3, 2007 11:34pm
Hey guys.. i have made a PDF file with all the OrangeRoshan important posts for me so i dont need to read all the thread everytime i need a refresh of the importants things.. this one is about the SDRC I.. i will do SDRC II later and i will post it in the other thread.. i Hope Some of u find it usefull....

My best regards to all of u guys.

Matty
Attached File(s)
File Type: pdf SRDC 1.pdf   730 KB | 2,856 downloads
  • #854
  • Jan 4, 2007 2:20am Jan 4, 2007 2:20am
In the SRDC advanced, should I still enter a trade if the candle that develops over the trend line is a candle in the reverse of the trend?

For example on cable:

http://img182.imageshack.us/img182/4893/cablego1.jpg

should i still short if the cable closes white?
  • #855
  • Jan 4, 2007 2:55am Jan 4, 2007 2:55am
well, i took the trade, and I'm up 50 pips right now. sweeet. Thank you for the great system OR!
  • #856
  • Jan 4, 2007 3:08am Jan 4, 2007 3:08am
We had a nice srdc1+ trade on the cable now.
  • #857
  • Jan 4, 2007 3:17am Jan 4, 2007 3:17am
Quoting ePIPhany
Since it was a demo I just thought I'd go long on the break of yesterday's hi. Although I had reservations because FX Sniper was showing divergence.
I admit I haven't read every single post on this thread but I have read the majority of it. And the more I read I think the more I'm getting confused. For example, Channels, perhaps I missed some posts but do I use Equidistant Channels with simple trendline, SHI, LRC............
Regarding Q1, does SRDC I Advance use quadrants? I thought that was SRDC II. Although I have come across mention of referring to it.

Thanks for the $0.02 it's more than I made today.

Charlie
Opppsss....I'm sorry Charlie. I've been mixing things around. I guess is just a process of getting old. Coz my daughter keep telling me only old people watch national Geographic...my favourite channel..
Shah For every action there is an equal and opposite reaction.....
  • #858
  • Jan 4, 2007 4:12am Jan 4, 2007 4:12am
For those who have traded the SRDC I method before the advanced version, how do you compare the results? The original had the problem of dropping back before the 5 pip TP is met but the advanced has the problem of possible exhaustion after the new 15 minute candle is completely formed.

In the end, which is the bigger problem and is the advanced method really better?
  • #859
  • Jan 4, 2007 4:27am Jan 4, 2007 4:27am
Quoting Lamdun
For those who have traded the SRDC I method before the advanced version, how do you compare the results? The original had the problem of dropping back before the 5 pip TP is met but the advanced has the problem of possible exhaustion after the new 15 minute candle is completely formed.

In the end, which is the bigger problem and is the advanced method really better?
I think that the original SRDC trade might be better - Take your 5 pips and run. You have to have very tight spread like efx or oanda. And if the original SRDC trade happens to go against you by "X" no pips (say 20) you trade in the opposite direction - think it might be hard to nake EA to do this - better with manual trade.

Just my thoughts (I am a new to fx)

Kind Regards,
GGR
  • #860
  • Jan 4, 2007 4:49am Jan 4, 2007 4:49am
I've had over 10 wins in a row with simple SRDC1, high/low plus spread plus 1. problem is InterbankFX keeps quoting a 4 pip spread despite claiming it is 3 for GBPUSD. Makes me feel pillaged and violated it does.


In teh spirit of KISS though I'm just going to stick with manual SRDC1 as other methods I just suck at. Will gradually increase the lot size and be happy with 5 pips per day at 10lots!

Any thoughts on stop loss levels for cable with SRDC1? I use 50 presenrtly as per OR's document but with bigger lots if the SL is hit could be a massive drawdown.
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