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4 Sisters

  • #1
  • First Post: Mar 5, 2008 5:31am Mar 5, 2008 5:31am
Anybody had much experience with a system titled '4 Sisters' (part of the Forex Mentor program I believe). Just wondering how you've gone with the number of setups etc., and the overall success of this system?

Thanks, JohnnyFOREX.
  • #2
  • Mar 6, 2008 10:55pm Mar 6, 2008 10:55pm
Actually it was mentioned to me last week and installed it just now, but I am not sure about the entry and exit rules at this moment.
  • #3
  • Mar 7, 2008 1:59am Mar 7, 2008 1:59am
Quoting JohnnyFOREX
Anybody had much experience with a system titled '4 Sisters' (part of the Forex Mentor program I believe). Just wondering how you've gone with the number of setups etc., and the overall success of this system?

Thanks, JohnnyFOREX.

U can post the system so that people can contribute and by so doing everyone learns from it
  • #4
  • Mar 7, 2008 2:30am Mar 7, 2008 2:30am
what is the 4 sisters??????????????
  • #5
  • Mar 7, 2008 2:51am Mar 7, 2008 2:51am
Briefly:
Plot 800ema, 400ema, 200 ema, 100ema. Can use any timeframe but he (Frank Paul) uses 3min to trade with 15min to validate.

Also uses SMI indicator to show peaks and valleys (could use MACD or zero lag MACD) and Parabolic SAR.

1. Emas must be stacked in order, with good angle and separation.
2. Use SMI to indicate direction changes. Look for buying dips in uptrend or sell rallies in downtrend.
3. Use PAR to set stops Risk reward roughly 1:1
4. Take 25 pips only until experienced.
5. Only use on pairs with high daily range (cable crosses)

There is a missing filter which you get if you buy the course but this still works well. Good, common sense idea.
Considering a move to Memphis
  • #6
  • Mar 7, 2008 3:23am Mar 7, 2008 3:23am
There was a good example today at 8.35am London time.
Considering a move to Memphis
  • #7
  • Mar 7, 2008 10:37am Mar 7, 2008 10:37am
Quoting JohnnyFOREX
Anybody had much experience with a system titled '4 Sisters' (part of the Forex Mentor program I believe). Just wondering how you've gone with the number of setups etc., and the overall success of this system?

Thanks, JohnnyFOREX.
Johnny.

Since a big chunk of the necessary info was posted here above, maybe you can change your first post and paste that info there, so we can contribute to the strategy and get it more complete. That way we don't need to start reading thru all the post that will follow.
  • #8
  • Mar 7, 2008 10:38am Mar 7, 2008 10:38am
Quoting tooloud
There was a good example today at 8.35am London time.
Would have made it easier if you mentioned a pair and even better a screenshot.
  • #9
  • Mar 7, 2008 11:40am Mar 7, 2008 11:40am
Quoting tooloud
Briefly:
Plot 800ema, 400ema, 200 ema, 100ema. Can use any timeframe but he (Frank Paul) uses 3min to trade with 15min to validate.

Also uses SMI indicator to show peaks and valleys (could use MACD or zero lag MACD) and Parabolic SAR.

1. Emas must be stacked in order, with good angle and separation.
2. Use SMI to indicate direction changes. Look for buying dips in uptrend or sell rallies in downtrend.
3. Use PAR to set stops Risk reward roughly 1:1
4. Take 25 pips only until experienced.
5. Only use on pairs with high daily range (cable crosses)

There is a missing filter which you get if you buy the course but this still works well. Good, common sense idea.

Could you give more references about the system?
the setup for SMI, some suggestion?
To validate on 15min, the emas must be also with angle and separation??
any more information is welcomed
  • #10
  • Mar 7, 2008 5:24pm Mar 7, 2008 5:24pm
Quoting tooloud
Briefly:
Plot 800ema, 400ema, 200 ema, 100ema. Can use any timeframe but he (Frank Paul) uses 3min to trade with 15min to validate.

Also uses SMI indicator to show peaks and valleys (could use MACD or zero lag MACD) and Parabolic SAR.

1. Emas must be stacked in order, with good angle and separation.
2. Use SMI to indicate direction changes. Look for buying dips in uptrend or sell rallies in downtrend.
3. Use PAR to set stops Risk reward roughly 1:1
4. Take 25 pips only until experienced.
5. Only use on pairs with high daily range (cable crosses)

There is a missing filter which you get if you buy the course but this still works well. Good, common sense idea.
I think it's important to find out what that missing filter is or find a good substitute. If I recall correctly I believe in his example Frank shows a half lot per trade which is far less than he normally trades. One would think if he had good confidence in the system (especially knowing that missing filter) he would trade closer to his normal size. Either that or he has a different and far better system that he usually uses for his daily trading.
Also in general I find examples for strategies are often cherry picked which look great when price is making the nice big swings. Almost any strategy can look good then.
  • #11
  • Mar 7, 2008 6:09pm Mar 7, 2008 6:09pm
Quoting JohnnyFOREX
Anybody had much experience with a system titled '4 Sisters' (part of the Forex Mentor program I believe). Just wondering how you've gone with the number of setups etc., and the overall success of this system?

Thanks, JohnnyFOREX.
Hey mate,

You done a backtest on this one? You written code yet or should I?

GCT
  • #12
  • Mar 8, 2008 4:48am Mar 8, 2008 4:48am
Sorry chaps, did mean to reply but had to go out. Hopefully attached is example mentioned. The method was presented in a video which I received in an email from forexmentor wanting me to buy the macd course. These things do normally present favourable situations but this is based on sound principles. The vid can be seen at forexmentor.com/macd/sample-feb2808.html. Hope this does not break any rules. Apologies if it does.

Good angle and separation just means that they are not intertwined and are not flat.If they are obviously at an angle it signifies a decent trend is in progress.

SMI I assume uses standard settings but have never used it before so have little knowledge. If you haven't got it you can find it easily with a quick search.

USing a higher timeframe for validation just means you want to see a similar picture as on the timeframe you are using to execute.

Hope this helps.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 7 March 0935.JPG Size: 148 KB
Considering a move to Memphis
  • #13
  • Mar 8, 2008 4:06pm Mar 8, 2008 4:06pm
4 Sisters... lol

System names are getting creepier by the day.
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #14
  • Mar 8, 2008 5:53pm Mar 8, 2008 5:53pm
Quoting effilang
4 Sisters... lol

System names are getting creepier by the day.

Creepier or sexier?
  • #15
  • Mar 9, 2008 1:37pm Mar 9, 2008 1:37pm
Does anyone know the SMI setting that Frank Paul uses?
  • #16
  • Mar 9, 2008 1:53pm Mar 9, 2008 1:53pm
2,8,5,5 ?

Quoting sinclap
Does anyone know the SMI setting that Frank Paul uses?
  • #17
  • Last Post: Mar 9, 2008 9:24pm Mar 9, 2008 9:24pm
I think Stochastic Oscillator gives the best support as far as I have been able to verify, compared to SMI.
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