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Trade the Slope System 453 replies

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"Trade the slope" journal

  • #441
  • Jan 30, 2008 9:24pm Jan 30, 2008 9:24pm
Quoting tmchan
Hi,

I just want to know why is the setting of the slope line differ from one currency to another? I would really like to try out your system.
See post #33 ......to Optimize HMA
  • #442
  • Jan 31, 2008 4:26am Jan 31, 2008 4:26am
Position changes please see blog.
  • #443
  • Jan 31, 2008 8:23am Jan 31, 2008 8:23am
Quoting tmchan
Hi,

I just want to know why is the setting of the slope line differ from one currency to another? I would really like to try out your system.
Hi Chan
From what i understand,these are Petes settings,and are curve fitted to the individual currencies.
These settings work for Pete,so you too can optimise the settings accordingly that may suit you
regards
baz
  • #444
  • Jan 31, 2008 9:09am Jan 31, 2008 9:09am
Chan,


I would recommend demo for awhile to get the feel on the settings.


Pete
  • #445
  • Jan 31, 2008 9:15am Jan 31, 2008 9:15am
Looks like the dollar is getting clobbered. I posted a couple of trades on the blog. I also post a new entry on the world economy commentary about the dollar being a new carry trade.

Pete
  • #446
  • Jan 31, 2008 2:36pm Jan 31, 2008 2:36pm
Long Eur/Usd at 1.4874
  • #447
  • Jan 31, 2008 3:32pm Jan 31, 2008 3:32pm
Hi Pete
Regards to ur Short Usd/Yen,did u have the Daily Slope Turn,as for me the Slope has remained Blue,and i am using your Settings.
I still have 2 hours before the day rolls over to Friday.Will have to wait until then
regards
baz
  • #448
  • Jan 31, 2008 4:03pm Jan 31, 2008 4:03pm
Baz,

When I entered all lines were the same color---red.

Pete
  • #449
  • Jan 31, 2008 7:30pm Jan 31, 2008 7:30pm
I wonder if there are two different Slope Direction Lines...It dawned on me that I was using Rayguns EA and his SDLine..I now am trading manually and kept using the one from the EA..I never loaded the one Pete has on the first post??

The one I use is producing just fine..

just a thought!
  • #450
  • Jan 31, 2008 8:15pm Jan 31, 2008 8:15pm
Good job Generalz
  • #451
  • Jan 31, 2008 8:27pm Jan 31, 2008 8:27pm
Thanks for the reply Baz & Pete.
  • #452
  • Jan 31, 2008 11:37pm Jan 31, 2008 11:37pm
thanks for your indicators and your thread, will try this for awhile and see.

i'm going to try TP 100 SL 80, and then look for reentry after each.

thanks again for your journal and explanations on how to use your trading technique
  • #453
  • Jan 31, 2008 11:55pm Jan 31, 2008 11:55pm
Quoting generalz
I wonder if there are two different Slope Direction Lines...It dawned on me that I was using Rayguns EA and his SDLine..I now am trading manually and kept using the one from the EA..I never loaded the one Pete has on the first post??

The one I use is producing just fine..

just a thought!
Did Raygun post another EA that used the SD indicator? I was confused initially when I realised that the EA wasn't matching the indicator, then noticed that the EA just used a standard MA.

I am not a coder but I have made some changes to the EA to use the SD line indicator, which seems to work OK. There are a couple of other features I want to add, and if it runs OK I'll post it on the other thread.

G-Man
  • #454
  • Feb 1, 2008 6:22am Feb 1, 2008 6:22am
Peanutdude,

Please let me know how that goes.

Pete
  • #455
  • Feb 1, 2008 8:24am Feb 1, 2008 8:24am
A few closed positions

-200 MTD
+400 YTD
  • #456
  • Feb 1, 2008 9:47am Feb 1, 2008 9:47am
Hi Pete. Great thread. I read through the documentation and will start using the SS on a demo account. I like your fairly purist approach to EMA's manual system. I briefly tried Raygun's EA and wasn't comfortable with it. Are you using a demo account or live? Thanks for posting your results
  • #457
  • Feb 1, 2008 10:25am Feb 1, 2008 10:25am
no problem, Pete, will let you know, when i have more data.

Just one question.

If we are in a trade and the daily changes the slope direction, do we exit the trade and look to open in the other direction, or do we hold the trade til SL, then look for the trade.

thanks alot for your great system,
  • #458
  • Feb 1, 2008 1:00pm Feb 1, 2008 1:00pm
Nubchai,

Live

Pete
  • #459
  • Feb 1, 2008 1:02pm Feb 1, 2008 1:02pm
Peanutdude,

Currently I hold until SL is hit. I am looking into exiting when slope changes color, but usually by the time that happens my SL is hit.

Pete
  • #460
  • Feb 2, 2008 2:55pm Feb 2, 2008 2:55pm
Dear Pete,

Can I ask a few questions?
1) What is your updated stop policy? ----Move to BE after 50 pips then to +50 after 150 pips and +50 pips for each 50 pip move after that, always staying 100 pips away. Is this correct?
2) What is the discretionary part of your trading with this system? What will make you not take a trade?
3) Do you do add-ons to particular trades? If so, how?

Thanks so much,

Lenoxer
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