Gann Hilo DMI System

Hi, Everyone, I have been busy working, doing improvements in the system also, The Stop Loss by the Gann Hilo line, is a very big improvement, because you let the trade breath with the sufficient space, not too large that you face a big loss, and not to tight, that you are stoped most of the time, in case of a bigger stop loss, just decrease your position size, I'm Still working on it, with 3 more currencies, to correct the months that GY has losses, When I have news I will post

Hola Kfx and Masmp,

I found it interesting to see the results. I am using a similar system (but using MOM instead of gann hilo) called Supernova and I have attached my own results. As you can see, we seem to experience our worse profitability about the same periods (in pink) - which would go towards a theory of these periods being particularly ranging. However we do have some interesting differences…

Note that my results for December end on the 14th to be comparable to yours. Also note that I used GBPJPY 4H.

Hi Q

Could you post a chart of your 4h set up so we could compare it with the current 1 hr set up

Could you post you MOM indicator

Howard, Toddanderson,

Simply visit this thread for further details:

http://www.forexfactory.com/showthre...=1#post1770985

i think u post a wrong link

You're right, my friend, thanks for pointing that out.

Here is the CORRECT link

http://www.forexfactory.com/showthread.php?t=44216

I was aware of the other thread, I wanted to see your chart.
Forget it anyway.

Here is my setting for Supernova.. 4 hr chart.. Hope i may answer ur question....

I am not familiar using Supernova.... but it's look similar to this Masps strategy... The different supernova uses Momentum (10) and DMI(14).

Thanks a lot, that is great, it did answer my question.

This was a good system, Masmp said he would be coming back with improvements.

For the Supernova system you also need the QQE with a SF (smoothing factor) of 1. That is the core engine. The original Supernova system also uses the Heiken Ashi bars instead of regular candles, but that plays a minor role on the longer timeframes.

Happy New Year and let's hope the Initiator Masmp returns soon!
Greetz!
Gnat

Hello.
Any update for this Thread?
Thank.
Cha.

I'm back!

I have just spended those days studing various proababilities of the sytem, I am close to what I want, but not there yet, I will post how I am using the system now.

here are the changes.

1º I have quit the 1h charts, because its unrealistic to adjust my trailing stop every hour if I have a trade that goes on for days, other aspects are the spread that you have to pay etc, I am trading with 4h charts now, I have tried D1 but its not good for this pair, other pairs are very good with this system in D1, but not GY.

2º I have changed Gann Hilo from 10, to 3, and that was a hell of a change, because it makes me entry in many cases 2 bars or more earlier, and exit 2 or more bars earlier too, as you know 2 bars there an another there, are a lot of pips that don't go to the garbage.


3º I have discarded QQE and DMI for one simple reason, It makes me entry late on many trades, and 1 or 2 bars in 4h means a lot of pips that went to the garbage, but as consequence the system works like a SAR (Stop and Reverse) and win ratio of the system has decreased, you must be thinking now that it was a bad change, well what matters here is not the Win Ratio, but the size of the losers against the size of the winners are what matters, all of this can be summarized into "Cut your losses fast, and let your profits run" .

4º Stop Loss, well there is a big improvement here too, I like to put SL where it will only be hit if I get a reverse signal, that gives enough room for the trade to breathe and go my way, many people use R/R system in a very bad way, putting a fixed value to each stop loss, witch is wrong, because the market sometimes only moves 10 or 40 pips against me before going my way, other times it moves 100 and 200 pips before going my way, witch means that the value of the SL cant be fixed, but that doesn't mean that you have to risk more money on some trades, I will explain this better on the next issue.

4.1º How to set the SL, measure the setup to the current Gan Hilo value, and give it an extra 40 Pips


5º Money Management, well the key of the system is on the MM I will give some examples below.

Well I have an average value for SL, 125 pips

Max risk per trade 625$ (hypothetical values) witch means that each pip is valued in 5$

I will give 2 examples here, one of a shorter SL that 125, and other with a bigger SL more than 125

5.1º If you have to put your SL for example with the value of 150 pips, you have to do this simple equation, 625/150=4,16, with means that your max value per pip on that trade is 4,1$ per pip, not risking more than those 625$


5.2ª If you have to put your SL for example with the value of 70 pips, you have to do this simple equation, 625/70=8,92, with means that your max value per pip on that trade is 8,9$ per pip, not risking more than those 625$

that's all the new rules I have for now.

Thank. Masmp FX,
So the new update this system use only Gann hilo and MM right?
Thank.
Cha.

Let me talk now about those changes, and what I'm looking to improve on the system.

I managed to improve all my results from 1 January to 31 May (5Months) around 40% more money (and pips, but what matters here is the money) but got a little "Kinder Surprise" in June, it was a month with 100% win ratio, no losses, well with the changes that I have made, unfortunately those 100% changed a lot, because The system is SAR, I'm on the wrong side of the market many times, but those times that happened in June cuted my winners a lot, turning 758 pips (4508$) into 265 pips (339$) looks like every rule that the system haves worked against it this month, more bad trades that have hiten the SL, and the good ones where without power due to the MM, but I am still up more 4% than the previous rules, but that does not satisfy me so I'm asking some opinions about how could I solve that question.

Just please don't ask me to put many indicators on the system, yes they can filter bad trades, but they also make you enter late on most trades, if you have the idea of putting an indicator to filter those bad trades, you must put in your post some plausible explanations of why it would help me filtering those trades without entering late on the market.

Best regards MASMP_FX

Hi, Masmp_FX welcome back and thanks you for sharing the new rules.

About trading hours. Are now also in the London time or is a simply SaR?.

I suppose that the enter would be in the close of the candle.

Do you enter in trade if the candle is a doji or measured over 100 pips from close to open?.

What pairs work well with D1?


Thank you for all.

No restrictions on hours now, its 4h candles now, no restrictions to the size of candles too.

on D1 you have EU, AU for example, with Gann Hilo at 10 (never tried other settings,)

I do not understand what value place for SL ... At what value I must add 40 pips? ... Is the value for SL the same for TS?

Thanks.

I will try to explain, When you have a setup, Gann Hilo is at a certain value, stop loss must be put 40 pips above it, as for trailing stop, I use an emergency trailing stop, that only takes effect if there is a big movement against me, TS is always but 75 pips above the value of Gann hilo on the last closed candle.

I will post some images about that here.