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bo7a method... method for GBP/JPY

  • #161
  • Dec 17, 2007 4:16pm Dec 17, 2007 4:16pm
Quoting NavidRasi
this system is not stable . it change history and if you look to past every thing seems ok and you think this system work great but it change it's signals and u can never trust to signals .
look at this tow pictures what happend to greens arrow (long signals ) and why they gone after 2 hours ?!!!!
You don't even need to look at the arrows. You can see the MA crosses without an arrow.
The crosses will not change.
  • #162
  • Dec 17, 2007 5:19pm Dec 17, 2007 5:19pm
Omi,

Unless you have an ungodly amount of money to lose, I'd say you need a lesson in money management long before you need an EA that will trade for you. Everyone claims to have a profitable system, but it really has to do with money management, covering your back, and having a solid exit strategy when you know you're wrong. And believe me, you will be wrong. The good thing is, even if you're wrong more than you're right, if you win big, you will still collect pips. Think of this as a marathon, not the 100M hurdles. If you lost $9500, then you are using lot sizes that are way too big for you. Don't try to make 10% in a day, not even a week for that matter. I think if you can tell me your system, I might be able to help you with determining if your trading logic is even worth continuining with the system you're using. A last note: I would highly recommend that you visit other forums to take advantage of some of the AMAZING logical traders that are out there. Once again, let's start with you telling everyone why you're losing. Usually sparks good conversation.

Cheers, and fold your money over in your pocket if you want to double it quickly.
"60% of the time it works...every time"
  • #163
  • Dec 17, 2007 6:24pm Dec 17, 2007 6:24pm
Quoting NavidRasi
this system is not stable . it change history and if you look to past every thing seems ok and you think this system work great but it change it's signals and u can never trust to signals .
look at this tow pictures what happend to greens arrow (long signals ) and why they gone after 2 hours ?!!!!

Timing really, as with life, is everything; after watching this for a while, I tried (and am currently trying) it for the first time. I made a solid 15 pips on the first try. It won't happen all the time, but with proper money management and knowing when to enter an exit (if only I always knew this for sure) I believe it will rake in some consistent returns.

Thanks Mindforex!
  • #164
  • Dec 17, 2007 7:23pm Dec 17, 2007 7:23pm
Not too good when the MAs are all tangled up like that.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY_1H.jpg Size: 44 KB
  • #165
  • Dec 17, 2007 9:16pm Dec 17, 2007 9:16pm
Quoting et_phonehome_2
Not too good when the MAs are all tangled up like that.

This goes back to an earlier post I made. I wonder if it would be safer to make a trade when the 7 and 15 MA have more clearance from the 90. Does this make sense?
  • #166
  • Dec 17, 2007 9:20pm Dec 17, 2007 9:20pm
Hi,
I sincerly appreciate your prompt response and also thank you for being direct and frank with me.I admit i was using lot sizes that were bigger than the size of my equity.I have learnt a lesson there.

As for the system that i use.i use a combination of moving averages 5,75,and 85 periords (moving average crossover) along with MACD 15,26 and 1 (settins).This method is refered to as POURIA METHOD.And what do you mean by solid exit strategy.

Thank you once again for your time.i will appreciate any assistance you can offer me that will stabilize my trading.

Thanks

quote=slade15342;1763798]Omi,

Unless you have an ungodly amount of money to lose, I'd say you need a lesson in money management long before you need an EA that will trade for you. Everyone claims to have a profitable system, but it really has to do with money management, covering your back, and having a solid exit strategy when you know you're wrong. And believe me, you will be wrong. The good thing is, even if you're wrong more than you're right, if you win big, you will still collect pips. Think of this as a marathon, not the 100M hurdles. If you lost $9500, then you are using lot sizes that are way too big for you. Don't try to make 10% in a day, not even a week for that matter. I think if you can tell me your system, I might be able to help you with determining if your trading logic is even worth continuining with the system you're using. A last note: I would highly recommend that you visit other forums to take advantage of some of the AMAZING logical traders that are out there. Once again, let's start with you telling everyone why you're losing. Usually sparks good conversation.

Cheers, and fold your money over in your pocket if you want to double it quickly.[/quote]
with GOD all PIPS are possible
  • #167
  • Dec 17, 2007 9:40pm Dec 17, 2007 9:40pm
Hi Slade,

Sorry i forgot to ask this question earlier.You were talking about other forums back there where i can find some amazing systems.would you be magnanimous enough to provive the link to those fora.Thank u in anticipation.

Thanks.
with GOD all PIPS are possible
  • #168
  • Dec 17, 2007 9:55pm Dec 17, 2007 9:55pm
Quoting tourderob
This goes back to an earlier post I made. I wonder if it would be safer to make a trade when the 7 and 15 MA have more clearance from the 90. Does this make sense?
I guess if the MAs are nearly flat, one should not take any signals since its easy to get killed. Even if one enters x-number PIPs away from the MAs it does no good either.... What would make a good clearance would be discretionary.
  • #169
  • Dec 18, 2007 3:11am Dec 18, 2007 3:11am
Before entering any trade, you have to look at 90ema if it is flat it means no trade, 90 should be sloping up or down.
Regards
  • #170
  • Dec 18, 2007 9:08am Dec 18, 2007 9:08am
Omega,

I have attached an example of a common setup for my system. The system alerts via email everytime the 18 EMA crosses the 45 EMA. I have the 72 EMA on the chart also. It really is simple; Sell on the down arrow, buy on the up. Or if you have a position open already, close, and buy another lot of your prefered size. (I like to have lot sizes that are about 5% of my equity, but that is just me). In this case, the 18 ema as opposed to the 12 doesn't get me into trades as fast, and I've found less whip-saw trades. And using the 45 cross seems to get me in at the right time as opposed to waiting to cross the 72 EMA. I hardly ever pay any mind to the RSI, I just don't like to enter when it is way out of my boundaries.

Very simple, I don't mind sharing with people. People use this in different ways. I prefer to not worry about the interval ups and downs during a long trade. And I constantly monitor through the day because of email alerts so I don't really setup up a stop loss of take profit. But these variables are easily implemented if you would like.

I'm sorry I'm not familiar with your system, but I did look at your parameters on a chart and feel it is too much hassle with the 5 EMA for my 'set it and forget it' style that takes all of the emotion out of everything. As I stated before, if I get 3 short sideways trades that result in small losses by crossing my EMAs and closing positions, all of that can be wiped out by getting into one long trade at the right time.

Hope you learned a little about this very simple system.

Cheers,
Attached Image (click to enlarge)
Click to Enlarge Name: 18 45 cross example.jpg Size: 111 KB
"60% of the time it works...every time"
  • #171
  • Dec 18, 2007 10:06am Dec 18, 2007 10:06am
Quoting slade15342
Omega,

I have attached an example of a common setup for my system...

Hope you learned a little about this very simple system.
Thanks Slade! Looks cool.

I say this as kindly as possible as I don't want to be a forum dork enforcing rules and all that jazz. I would have PM'd you had I enough posts which should tell you something about me. I am in fact a dork because I don't even have enough posts IN ORDER to PM you Anyway, You should totally start your own forum as this is about the bo7a method and you might be hijacking it. I have tons of questions for you as I am sure many other people do too. I encourage you, if you have not already, to start another forum. Again, I'm not trying to be a jerk. Please understand that much.
  • #172
  • Dec 18, 2007 11:23am Dec 18, 2007 11:23am
Quoting tourderob
Thanks Slade! Looks cool.

I say this as kindly as possible as I don't want to be a forum dork enforcing rules and all that jazz. I would have PM'd you had I enough posts which should tell you something about me. I am in fact a dork because I don't even have enough posts IN ORDER to PM you Anyway, You should totally start your own forum as this is about the bo7a method and you might be hijacking it. I have tons of questions for you as I am sure many other people do too. I encourage you, if you have not already, to start another forum. Again, I'm not trying to be a jerk. Please understand that much.
Who are yu to say these things ???? A Judge ???
  • #173
  • Dec 18, 2007 11:29am Dec 18, 2007 11:29am
Quoting gioviforex
Who are yu to say these things ???? A Judge ???
Goodness. I was as kind as possible. Relax. Should have kept my mouth shut. Knew it.
  • #174
  • Dec 18, 2007 2:26pm Dec 18, 2007 2:26pm
Tourder,

That is a very good point, I will possibly open up my own forum now. And I totally understand that I don't want to interupt the flow of discussion about the method this forum highlights. I will post the link here when I open up my own forum, but I will continue to learn from this one also! So cheers around, and good luck to those of you using the bo7a method. Stay tuned for the link.... Thanks again for the idea Tourder.
"60% of the time it works...every time"
  • #175
  • Dec 18, 2007 3:46pm Dec 18, 2007 3:46pm
Hi Slade,
Thanks so much for offering me a lifeline.I love the simplicity of the system.I usually dont like complex systems.Im adopting this immediatelly.Just 2 questions: 1.Do you trade just just the 1H timeframe or the system also works on other timeframes with the same efficiency. 2.Do you just follow the alerts blindly,opening your orders when they come without giving consideration to other factors.And could you please send the software that generates the alerts so i can set my platform up to commence the use of the system.Thank you so much in anticipation.You are indeed an angel.

Stay cool.


Quoting slade15342
Omega,

I have attached an example of a common setup for my system. The system alerts via email everytime the 18 EMA crosses the 45 EMA. I have the 72 EMA on the chart also. It really is simple; Sell on the down arrow, buy on the up. Or if you have a position open already, close, and buy another lot of your prefered size. (I like to have lot sizes that are about 5% of my equity, but that is just me). In this case, the 18 ema as opposed to the 12 doesn't get me into trades as fast, and I've found less whip-saw trades. And using the 45 cross seems to get me in at the right time as opposed to waiting to cross the 72 EMA. I hardly ever pay any mind to the RSI, I just don't like to enter when it is way out of my boundaries.

Very simple, I don't mind sharing with people. People use this in different ways. I prefer to not worry about the interval ups and downs during a long trade. And I constantly monitor through the day because of email alerts so I don't really setup up a stop loss of take profit. But these variables are easily implemented if you would like.

I'm sorry I'm not familiar with your system, but I did look at your parameters on a chart and feel it is too much hassle with the 5 EMA for my 'set it and forget it' style that takes all of the emotion out of everything. As I stated before, if I get 3 short sideways trades that result in small losses by crossing my EMAs and closing positions, all of that can be wiped out by getting into one long trade at the right time.

Hope you learned a little about this very simple system.

Cheers,
with GOD all PIPS are possible
  • #176
  • Dec 18, 2007 3:49pm Dec 18, 2007 3:49pm
Hi Slade,
Thanks so much for offering me a lifeline.I love the simplicity of the system.I usually dont like complex systems.Im adopting this immediatelly.Just 2 questions: 1.Do you trade just just the 1H timeframe or the system also works on other timeframes with the same efficiency. 2.Do you just follow the alerts blindly,opening your orders when they come without giving consideration to other factors.And could you please send the software that generates the alerts so i can set my platform up to commence the use of the system.Thank you so much in anticipation.You are indeed an angel.

Stay cool.


Quoting slade15342
Omega,

I have attached an example of a common setup for my system. The system alerts via email everytime the 18 EMA crosses the 45 EMA. I have the 72 EMA on the chart also. It really is simple; Sell on the down arrow, buy on the up. Or if you have a position open already, close, and buy another lot of your prefered size. (I like to have lot sizes that are about 5% of my equity, but that is just me). In this case, the 18 ema as opposed to the 12 doesn't get me into trades as fast, and I've found less whip-saw trades. And using the 45 cross seems to get me in at the right time as opposed to waiting to cross the 72 EMA. I hardly ever pay any mind to the RSI, I just don't like to enter when it is way out of my boundaries.

Very simple, I don't mind sharing with people. People use this in different ways. I prefer to not worry about the interval ups and downs during a long trade. And I constantly monitor through the day because of email alerts so I don't really setup up a stop loss of take profit. But these variables are easily implemented if you would like.

I'm sorry I'm not familiar with your system, but I did look at your parameters on a chart and feel it is too much hassle with the 5 EMA for my 'set it and forget it' style that takes all of the emotion out of everything. As I stated before, if I get 3 short sideways trades that result in small losses by crossing my EMAs and closing positions, all of that can be wiped out by getting into one long trade at the right time.

Hope you learned a little about this very simple system.

Cheers,
with GOD all PIPS are possible
  • #177
  • Dec 18, 2007 5:35pm Dec 18, 2007 5:35pm
Quoting slade15342
Omega,

I have attached an example of a common setup for my system. The system alerts via email everytime the 18 EMA crosses the 45 EMA. I have the 72 EMA on the chart also. It really is simple; Sell on the down arrow, buy on the up. Or if you have a position open already, close, and buy another lot of your prefered size. (I like to have lot sizes that are about 5% of my equity, but that is just me). In this case, the 18 ema as opposed to the 12 doesn't get me into trades as fast, and I've found less whip-saw trades. And using the 45 cross seems to get me in at the right time as opposed to waiting to cross the 72 EMA. I hardly ever pay any mind to the RSI, I just don't like to enter when it is way out of my boundaries.

Very simple, I don't mind sharing with people. People use this in different ways. I prefer to not worry about the interval ups and downs during a long trade. And I constantly monitor through the day because of email alerts so I don't really setup up a stop loss of take profit. But these variables are easily implemented if you would like.

I'm sorry I'm not familiar with your system, but I did look at your parameters on a chart and feel it is too much hassle with the 5 EMA for my 'set it and forget it' style that takes all of the emotion out of everything. As I stated before, if I get 3 short sideways trades that result in small losses by crossing my EMAs and closing positions, all of that can be wiped out by getting into one long trade at the right time.

Hope you learned a little about this very simple system.

Cheers,
Slade, Is there a link to upload the EA for crossover email alert based on 18EMA and 45EMA like seen on your screen?
  • #178
  • Dec 18, 2007 9:44pm Dec 18, 2007 9:44pm
Thank you for the great suggestion of opening my own system thread. I have named the system: Snap Crackle Pip, which can be found here:

http://www.forexfactory.com/showthread.php?t=61357

 Thank you again everyone, and I'm sorry if I interrupted your interesting thread for b07a method. Good luck to everyone here, and I'd love to see some interaction from the same people on my thead. Cheers!
"60% of the time it works...every time"
  • #179
  • Dec 19, 2007 9:05am Dec 19, 2007 9:05am
Quoting FXHOUND
Slade, Is there a link to upload the EA for crossover email alert based on 18EMA and 45EMA like seen on your screen?
Take a look at post 137.
  • #180
  • Dec 19, 2007 2:24pm Dec 19, 2007 2:24pm
Quoting slade15342
Thank you for the great suggestion of opening my own system thread. I have named the system: Snap Crackle Pip, which can be found here:

http://www.forexfactory.com/showthread.php?t=61357

Thank you again everyone, and I'm sorry if I interrupted your interesting thread for b07a method. Good luck to everyone here, and I'd love to see some interaction from the same people on my thead. Cheers!
very interesting thread...will check things out
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