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Simple, pure mechanical H4-System, EA needed

  • #41
  • Jul 17, 2007 8:33am Jul 17, 2007 8:33am
Quoting billworld
Thanks for sharing, but, these contributions aren't related to the mechanical system this thread is about (other than you're using a feature of the DeMark indicator not used in the mechanical system).

Maybe start up a new thread so as to not have this one get confused?
Billworld,

Right. Will follow your thread closely.
  • #42
  • Jul 18, 2007 3:06pm Jul 18, 2007 3:06pm
Looking for the EA and method, will it be coming soon?
  • #43
  • Aug 8, 2007 7:53am Aug 8, 2007 7:53am
What happened, go to another thread. I fell like the kid who came home from school and found his parents moved and left no forwarding address. I was really getting fond of this thread and I truly believe you have something viable here. Please don't let it die.
mike
  • #44
  • Aug 9, 2007 3:43am Aug 9, 2007 3:43am
Quoting mexicomike
What happened, go to another thread. I fell like the kid who came home from school and found his parents moved and left no forwarding address. I was really getting fond of this thread and I truly believe you have something viable here. Please don't let it die.
mike


Hi Mexicom,

I still visit this thread from time to time to see if more has posted something new. I am testing the system just as it was described in post #1, with 7 pairs (e/U, G/U, U/Cad, Au/U, u/JP, GB/JP, U/CH). Last month was really good, I made over 500 pips. This month has started in the red, and so far i have given back 150 pips. Hopefully things will improve.
  • #45
  • Aug 9, 2007 4:15am Aug 9, 2007 4:15am
I will test this to see. Seems to be ok
Thanks
  • #46
  • Feb 9, 2008 9:33pm Feb 9, 2008 9:33pm
As the Title of this thread, Six months only, then died??
  • #47
  • Feb 10, 2008 6:20am Feb 10, 2008 6:20am
I haven't actually tested this, but wondering why the thread died?
  • #48
  • Feb 10, 2008 7:29pm Feb 10, 2008 7:29pm
Quoting forexmoments
I haven't actually tested this, but wondering why the thread died?
I don't know why this thread died, either. I have spent several hours doing a visual backtest over the past month on several currency pairs and it looks fairly effective and profitable. The key is having a good money management plan to go along with the entries.

I have recently been following the OzFX thread, and I did my visual backtest using the OzFX money management of opening five positions at once with a 100 pip SL. That s/l would be moved to BE once the price had moved 50 pips into profit. Then there are graduated TPs at 50, 100, 150, and 200 pips. The last lot to be kept open until an opposite signal is given.

This does seem to work fairly well. I'll be forward testing it this week. I'll post my results here for others.
  • #49
  • Feb 11, 2008 3:01am Feb 11, 2008 3:01am
I have started to forward test this idea on four pairs: GBP/USD, EUR/USD, USD/CHF, & GBP/JPY.

Last night, three of these pairs triggered trades: GBP/USD, EUR/USD, and USD/CHF. I have attached charts of all three. On the charts, the first dashed line is the entry point, and each subsequent dashed line is each 50 pip take profit. So far, the USD/CHF has hit it's first 50 pip TP. On that pair, the stop would now be moved to BE on the remaining four lots.

I'll keep updating these charts as the week progresses.

Edit: I made a mistake on the EUR/USD chart. The entry point is 1.4549, not 1.4559.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCHF 11FEB07.gif Size: 79 KB
Click to Enlarge Name: GBPUSD 11FEB07.gif Size: 82 KB
Click to Enlarge Name: EURUSD 11FEB07.gif Size: 78 KB
  • #50
  • Feb 12, 2008 6:23am Feb 12, 2008 6:23am
Quoting Tommy_C
I have started to forward test this idea on four pairs: GBP/USD, EUR/USD, USD/CHF, & GBP/JPY.
Last night, three of these pairs triggered trades: GBP/USD, EUR/USD, and USD/CHF.
What indicator was it? Using OZ method? 4hr chart or which one?
  • #51
  • Feb 20, 2008 12:58pm Feb 20, 2008 12:58pm
hi all how the testing going?

leon11
  • #52
  • Feb 20, 2008 1:48pm Feb 20, 2008 1:48pm
Just for information, the DeMark indicator used with the default settings is nothing else but a fractal indicator with an alert on it.

The good point is that it will show the fractal only once confirmed.
  • #53
  • Feb 20, 2008 1:52pm Feb 20, 2008 1:52pm
Quoting melpheos
Just for information, the DeMark indicator used with the default settings is nothing else but a fractal indicator with an alert on it.

The good point is that it will show the fractal only once confirmed.
That is true -- with the default setting, it is just the fractal indicator. There are several nice things, though: 1) it does only appear after it has been confirmed, where the fractal indicator can disappear if price moves far enough on the fifth bar of the formation. 2) it allows you to change the level of TD point you want to see. The default is level 2, but you can lower down to 1 or raise it higher.
  • #54
  • Feb 21, 2008 10:11am Feb 21, 2008 10:11am
Quoting Tommy_C
That is true -- with the default setting, it is just the fractal indicator. There are several nice things, though: 1) it does only appear after it has been confirmed, where the fractal indicator can disappear if price moves far enough on the fifth bar of the formation. 2) it allows you to change the level of TD point you want to see. The default is level 2, but you can lower down to 1 or raise it higher.
Sorry for the outside topic question but what is the TD ?
  • #55
  • Feb 21, 2008 10:19pm Feb 21, 2008 10:19pm
Quoting melpheos
Sorry for the outside topic question but what is the TD ?
I believe he is referring to the Tom DeMark indicator.
  • #56
  • Feb 22, 2008 8:07am Feb 22, 2008 8:07am
Quoting Tommy_C
That is true -- with the default setting, it is just the fractal indicator. There are several nice things, though: 1) it does only appear after it has been confirmed, where the fractal indicator can disappear if price moves far enough on the fifth bar of the formation. 2) it allows you to change the level of TD point you want to see. The default is level 2, but you can lower down to 1 or raise it higher.
Ok, but today while i loaded the demark indicator, it showed some red/blue arrows and stars, right at the end of some candles, while watching closely, i was able to see price move atleast 10/15 pips the arrow direction if ever it would retrace, i noticed that thrice on the 15 mins candle gb/jp...
could that be a method?.. if u have a better understanding pls let me know.
  • #57
  • Feb 23, 2008 7:56am Feb 23, 2008 7:56am
Pls More i will like to know the end end result of your research either positive or negative. and
pls Tommy what eventually happened to the triggered orders? thanks for your quick response.
  • #58
  • Feb 23, 2008 10:47am Feb 23, 2008 10:47am
Hey, looks like the thread starter is gone. His last post was on July 13.
Anyone that's curious about this system, let's try backtesting and forward testing it. We could post some potential trade here.
This maybe good system, but still not holy grail.

Ps: if the thread starter (more) comeback, it will be glad to us.
  • #59
  • Feb 23, 2008 10:49am Feb 23, 2008 10:49am
Quoting flyade
Ok, but today while i loaded the demark indicator, it showed some red/blue arrows and stars, right at the end of some candles, while watching closely, i was able to see price move atleast 10/15 pips the arrow direction if ever it would retrace, i noticed that thrice on the 15 mins candle gb/jp...
could that be a method?.. if u have a better understanding pls let me know.
the arrow is entry signal. more complete explanation here:
http://www.forexfactory.com/showthread.php?t=37073
  • #60
  • Feb 23, 2008 11:18am Feb 23, 2008 11:18am
wow! after little searching in FF. i found this thread:
http://www.forexfactory.com/showthread.php?t=46697 -->mouteki/demark index
http://www.forexfactory.com/showthread.php?t=56841 -->demark trendline
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