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"Trade the slope" journal

  • #41
  • Dec 29, 2007 9:28pm Dec 29, 2007 9:28pm
Quoting PTOURNIS
Ibuks,

It is a good indicator. Good lucking on your trading.

Pete
Do you already have an EA that trade this system? If not, are you looking at developing one?
  • #42
  • Dec 29, 2007 9:33pm Dec 29, 2007 9:33pm
Hi,

1. What do you do when there is a news approaching especially releases that can affect the pairs you trade.

2. What pairs do you concentrate on majorly.

Thanks for your response.
  • #43
  • Dec 30, 2007 9:47am Dec 30, 2007 9:47am
Ibuks

No I am not looking for a EA for this. I like control over my trades. I am a control freak I guess.

Pete
  • #44
  • Dec 30, 2007 9:51am Dec 30, 2007 9:51am
Ibuks,

I do not let news affect my trades. I trade primarily the dollar crosses and a few others like EUR/GBP, AUD/NZD, EUR/CAD, and AUD/CAD.

Pete
  • #45
  • Dec 30, 2007 12:04pm Dec 30, 2007 12:04pm
Hi PTOURNIS, good luck with your trading. I have traded this system on the demo account for a couple of days and its has been quite successful. Although I have used mostly the 4HR TF and closed all the trades in the same day. I look at the 4HR for intraday trends and confirm them with the smaller time frames. I will be looking more at sticking to the actual rules using the 1 day TF and go for longterm trades.
  • #46
  • Dec 30, 2007 1:24pm Dec 30, 2007 1:24pm
PTOURNIS

I just wanted to congratulate you on your discipline.... and a simple system that works.

ALL NEWBIES...... TAKE NOTE......... THIS IS THE HOLY GRAIL.... DISCIPLINE.
Same Whore .... Different Dress
  • #47
  • Dec 30, 2007 1:54pm Dec 30, 2007 1:54pm
Amen to that!!!!
  • #48
  • Dec 30, 2007 4:06pm Dec 30, 2007 4:06pm
PTOURNIS,

When you trade this system do you wait until ALL TF's have changed to the same color. Or do you wait for only one TF to chage color. i.e the Daily TF to change color.

Also, do you have a win ratio for this method.

thanks for your help

Billser
It's All About Attitude ...
  • #49
  • Dec 30, 2007 8:06pm Dec 30, 2007 8:06pm
Long GBP/USD at 1.998

Short USD/JPY at 111.95 I got in maybe a little late.

Pete
  • #50
  • Dec 30, 2007 8:07pm Dec 30, 2007 8:07pm
Billser,

I wait for all to be the same color. I do not have a ratio.

Pete
  • #51
  • Dec 30, 2007 8:09pm Dec 30, 2007 8:09pm
This is a solid system. All my trades except 1 are already in profit. very impressed thus far. thanks for your diligence with this thread Pete!
  • #52
  • Dec 30, 2007 8:14pm Dec 30, 2007 8:14pm
Quoting PTOURNIS
Long GBP/USD at 1.998

Short USD/JPY at 111.95 I got in maybe a little late.

Pete
could you give us a screen shot of this trade?
Same Whore .... Different Dress
  • #53
  • Dec 30, 2007 10:23pm Dec 30, 2007 10:23pm
Right there with ya....I'm up 85 pips on usd/jpy from Friday's candle.

Quoting PTOURNIS
Long GBP/USD at 1.998

Short USD/JPY at 111.95 I got in maybe a little late.

Pete
It's All About Attitude ...
  • #54
  • Dec 31, 2007 12:27am Dec 31, 2007 12:27am
Dear PTournis,

1) What fraction of ATR do you use and how do you decide to use that fraction instead of a simple 100 pt. stop?
2) When you optimize, do you optimize the higher timeframe (like you did, say, on NZD with a setting of 20) and use that same setting for the lower timeframes or do you optimize the higher timeframe and leave the lower ones on 80?

Thanks and sorry for any bother,

Lenoxer
  • #55
  • Dec 31, 2007 4:24am Dec 31, 2007 4:24am
Lenoxer,

I look at the ATR. If it is around 100 I keep the 100 pip SL. If it is larger, I may reduce my position not to risk more than 2% per trade. It is not a precise science. A little subjectivity. Is that a word? If not I just made it one. Sounds good anyways. Thanks

Pete
  • #56
  • Dec 31, 2007 8:23am Dec 31, 2007 8:23am
SL was moved to +10 on GBP/USD
  • #57
  • Dec 31, 2007 9:02am Dec 31, 2007 9:02am
Long EUR/CAD 1.4480
  • #58
  • Dec 31, 2007 9:10am Dec 31, 2007 9:10am
SL hit on GBP/USD +10

MTD +705
  • #59
  • Dec 31, 2007 10:10am Dec 31, 2007 10:10am
USD/CHF closed +10

EUR/AUD closed -100

EUR/USD closed +100

MTD +715
  • #60
  • Dec 31, 2007 8:45pm Dec 31, 2007 8:45pm
Quoting PTOURNIS
Lenoxer,

... More times than not I set it at 100... I posted an entry by Alan Hull himself expalining how he uses his MA on the other thread. Here it is again.

Alan Hull
Newbie
http://www.stockmeetingplace.com/for...ilver/star.gif
Posts: 1
Registered: 7-9-2004
Location: Melbourne, Australia
Member Is Offline

posted on 7-9-2004 at 03:30 AM http://www.stockmeetingplace.com/for...ilver/edit.gif http://www.stockmeetingplace.com/for...lver/quote.gif HMA Construction...
The HMA is not that closely related to linear regression - the square root of the sum of the squares, etc. It is designed along geometric lines to remove lag without having to shorten the period and compromise smoothing. Hence, when compared to a line of linear regression of the same period, the HMA has superior smoothing.

HMA Application...
Because the HMA was designed to remove lag, don't use it to generate crossover trading signals. Instead you trade the turning points of the HMA...as it turns up - buy and as it turns down - sell. I actually prefer to use 2 separate HMAs with different periods - one for entry and one for exit. Tune the periods by backtesting on each financial instrument you wish to trade, ie. curve fit it in each case. Apply it to daily or weekly charts...it really doesn't matter which timeframe you use it over.

Enjoy,
Alan Hull
Hello PTOURNIS,

The quote of Alan Hull's thread is interesting, so much so that I googled with "HMA Construction"/"MHA Application" and all I get is Hot Melt Asphalt application ... !

Can you kindly give me the link to your quote of his thread? Is it within FF? or Elsewhere?

Many thanks in advance for your trouble, RS
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