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Dlc Method (big Surprise)

  • #21
  • Feb 25, 2008 6:28am Feb 25, 2008 6:28am
Quoting Syahmi
Hi there.... it looks interesting from the surface... I've yet to test on real account....

What's the best time frame to look at ie to avoid whipsaws ??

Thanks
Excuse me, i should not say dont move the stop loss.
if the first order is ok on for example:
EUR/CHF buy at 1.6133 the SL=LR=1.6065.
the targets are:
T1= 30pips
T2=T3=60
T4=T5=90

if the firs order is ok you can move the SL of 30pips. so in our case the stoploss will be . SL= LR+30pips = 1.6095.
and if the second order is ok (there are 3 orders) you move the SL of 60 pips. So here it will be SL=LR+30+60 = 1.6155.
And so on....
  • #22
  • Feb 26, 2008 12:02am Feb 26, 2008 12:02am
helle I am new with mt4
can you please tell me how to plot these triggere lines in ozfx chart please tks
Real
  • #23
  • Feb 26, 2008 12:40am Feb 26, 2008 12:40am
Hi,
So where is this difference in this to the original oz method . I mean I can see where you would maybe get in a bit earlier but doesn't AES on the original method cover that anyway? All that's different is that you have taken the stoch off and added the trigger lines.

Maybe i'm wrong, But looks pretty similar to me.
Thanks
  • #24
  • Feb 26, 2008 2:11am Feb 26, 2008 2:11am
dear TRESORFX
i see ur last message u say buy usd/chf at 1.0890. can i know which timeframe do u use for that trade? i already see ur chart. thank a lot...
  • #25
  • Feb 26, 2008 2:14am Feb 26, 2008 2:14am
What kind of results are you getting for the other majors?
  • #26
  • Feb 26, 2008 3:25am Feb 26, 2008 3:25am
Quoting real
helle I am new with mt4
can you please tell me how to plot these triggere lines in ozfx chart please tks
Real
i put triggerlines in the post 4
  • #27
  • Feb 26, 2008 3:35am Feb 26, 2008 3:35am
Quoting Siam
Hi,
So where is this difference in this to the original oz method . I mean I can see where you would maybe get in a bit earlier but doesn't AES on the original method cover that anyway? All that's different is that you have taken the stoch off and added the trigger lines.

Maybe i'm wrong, But looks pretty similar to me.
Thanks
yes i i've already said that i was inspired by ozfx method. you know i'm not a fan of stochastic. and i love my money management. and also all my previous trading methods was based on triggerlines. because i dont i'm a trend follower and i love TL is the best trend drawer.

thanks God bless you!!!
  • #28
  • Feb 26, 2008 3:39am Feb 26, 2008 3:39am
Quoting vyudi
dear TRESORFX
i see ur last message u say buy usd/chf at 1.0890. can i know which timeframe do u use for that trade? i already see ur chart. thank a lot...
on H4 our.
  • #29
  • Feb 26, 2008 4:02am Feb 26, 2008 4:02am
Quoting forexmoments
What kind of results are you getting for the other majors?
these are some result of the other pairs

Attached File(s)
File Type: doc TABLEAU DE TRADE DE LA METHOD DLC.doc   61 KB | 642 downloads
  • #30
  • Feb 26, 2008 4:04am Feb 26, 2008 4:04am
Quoting forexmoments
What kind of results are you getting for the other majors?
these are some result of the other pairs
see the attached file.
Attached File(s)
File Type: doc TABLEAU DE TRADE DE LA METHOD DLC.doc   61 KB | 406 downloads
  • #31
  • Feb 26, 2008 4:33am Feb 26, 2008 4:33am
pair EUR/CAD
HR=1.5061
Buy=1.4758

these are the targets:
T1=50pips=1.4708
T2=T3=100pips=1.4658
T4=T5=130pips=1.4628

good trade!
  • #32
  • Feb 26, 2008 4:33am Feb 26, 2008 4:33am
Sorry...can anyone point me to where I can download the Triggerline Indicator?

Many thanks,
Bob
  • #33
  • Feb 26, 2008 8:00am Feb 26, 2008 8:00am
Hello,

good and simple system as I like.

Some points:

1) just to confirm the triggerlines are 15,5 parameters?
2) the risk return are not so good, from some few tests I did (the SL x 5 positions) usually the risk is 2, 3, 4 times bigger then return. One big reverse just after you get in you can loose the profit from 3, 4 successful operations (i am considering you are not doing a mechanical trail stop as you mentioned : 50 pip profit you raise 50 pip the SL)
3) As you have fixed target lines you miss big trends, this is not bad (the fixed targets) but is a fact
4) the trail stop must be more elaborated I think, if you do stop trail mechanical like you wrote you be stopped frequently (forex is a master to catch tight stops)

This was just my first and fast view on the system. I can be wrong I didint do massive backtests to get a better conclusion about the system.

Anyway I liked the idea from the system.

Wod
  • #34
  • Feb 26, 2008 10:17am Feb 26, 2008 10:17am
Quoting Bobcat2
Sorry...can anyone point me to where I can download the Triggerline Indicator?

Many thanks,
Bob
www.forexmt4.com
thanks
GOD BLESS YOU
  • #35
  • Feb 26, 2008 10:31am Feb 26, 2008 10:31am
Quoting WodWave
Hello,

good and simple system as I like.

Some points:

1) just to confirm the triggerlines are 15,5 parameters?
2) the risk return are not so good, from some few tests I did (the SL x 5 positions) usually the risk is 2, 3, 4 times bigger then return. One big reverse just after you get in you can loose the profit from 3, 4 successful operations (i am considering you are not doing a mechanical trail stop as you mentioned : 50 pip profit you raise 50 pip the SL)
3) As you have fixed target lines you miss big trends, this is not bad (the fixed targets) but is a fact
4) the trail stop must be more elaborated I think, if you do stop trail mechanical like you wrote you be stopped frequently (forex is a master to catch tight stops)

This was just my first and fast view on the system. I can be wrong I didint do massive backtests to get a better conclusion about the system.

Anyway I liked the idea from the system.

Wod
I thank you for your analysis and your proposals.
1) triggerlines(15,5) ok!
2) you're totaly right about the SL. i am working on the trailing stop and i'll post soon some interresting things about the stop loss.
3) about the targets, you're right about "missing big trend". but if i finish working on the Stoploss you'll be aware of the update.
5) yes a wonderful trailing stop is being tested.

but i want to see first how this DLC setting work and for the moment i think it's ok! but if you have some propositions i'm opened on every criticism.

GOD BLESS YOU.
  • #36
  • Feb 26, 2008 11:46am Feb 26, 2008 11:46am
Hi TresorFX,

your are working on trail stop losses....Good good news.

Another thing may be you could work is about the direction fo the price, go against the strong trend is not healthy. I use, independent of the system some moving averages to locate myself on the space..I mean, Am I on strong trend? , near a strong support?, near a strong resistance? ...open a position (even with all signals in order) against a strong sup-resistance is too dangerous.

That is the problem, when you start analysis the price, that is a lot of discrection, it is not so exact...very subjective...what is not good...the fear gets bigger and stronger...you can be always in doubt about your conclusions...if you rely just on signals is easier, more objective...

I place some moving averages and use them as dynamic support and resistance lines...for example if I am going against a 200 MA I must be with a really tight stop and target but if I have behind me 21, 100 and 200 MA I am on the trend and it is possible to ride the trend more relaxed....

Anyway have a good work...waiting for your updates
  • #37
  • Feb 27, 2008 6:21am Feb 27, 2008 6:21am
Quoting WodWave
Hi TresorFX,

your are working on trail stop losses....Good good news.

Another thing may be you could work is about the direction fo the price, go against the strong trend is not healthy. I use, independent of the system some moving averages to locate myself on the space..I mean, Am I on strong trend? , near a strong support?, near a strong resistance? ...open a position (even with all signals in order) against a strong sup-resistance is too dangerous.

That is the problem, when you start analysis the price, that is a lot of discrection, it is not so exact...very subjective...what is not good...the fear gets bigger and stronger...you can be always in doubt about your conclusions...if you rely just on signals is easier, more objective...

I place some moving averages and use them as dynamic support and resistance lines...for example if I am going against a 200 MA I must be with a really tight stop and target but if I have behind me 21, 100 and 200 MA I am on the trend and it is possible to ride the trend more relaxed....

Anyway have a good work...waiting for your updates
Yes of course, i'm working on the method and i use also EMAs to enhance the DLC entries SL. i'm coming soon!!!
  • #38
  • Feb 29, 2008 2:01pm Feb 29, 2008 2:01pm
these are the first results:
Attached File(s)
File Type: pdf DLC first results.pdf   32 KB | 743 downloads


i will comment these results the next monday and give you the updates about the stop loss and take profits and trailing stop and other things
nice week end!

GOD BLESS YOU
  • #39
  • Feb 29, 2008 2:10pm Feb 29, 2008 2:10pm
Quoting tresorfx
these are the first results:
Attachment

i will comment these results the next monday and give you the updates about the stop loss and take profits and trailing stop and other things
nice week end!

GOD BLESS YOU

Hi,
Could you please provide the template for this strategy ? It will help a lot.
  • #40
  • Feb 29, 2008 2:36pm Feb 29, 2008 2:36pm
Hey,

good results! , waiting for your updates.

Wod
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