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PIPologist daily strategy

  • #1
  • First Post: Edited Mar 8, 2008 11:49am Mar 6, 2008 9:38am | Edited Mar 8, 2008 11:49am
Hello,
I would like to share my strategy with everyone. This will bring you 10 pips / day.

Strategy is very simple: 2 EMAs, one applied to close and one to open.
Signals are triggered by MACD.
Confirmation from Will%R, breaking the TL or RegChan

I started this strategy by sharing it on Babypips and now I think that more people should know about it.

I will make a sumary of what I posted there, linked to this stratgy:

-------------------------------
System is very simple, filtered by other indicators, as follows:

- Timeframe: 30M
- 8 EMA (applied to Close) & 13 EMA (applied to Open)
- Trend lines & Regression channels to help spotting intraday breakouts
Filters:
- 8 %R (levels -80 and -20 visible) over 13 RSI (applied to Open)
- MACD (13, 21, 8)

Signal:
1. EMAs cross
2. MACD goes above or bellow 0 level
3. Spot a break of a trendline or regression chan

Rules of entry:
- Always at the close of the candle.
- For long: candles must be above the 2 EMAs (for short: bellow)
- Entry candle must break or be above/bellow the trendline or regression channel.
- %R must be bellow -20 for long and above -80 for short
- Entry must be placed at maximum 4 MACD bars since MACD turned up or down.

I attached a screenshot to understand. This kind of signals are happening everyday.
http://img03.picoodle.com/img/img03/...em_7f91d4f.gif
----------------------------------
If you ever let your position open hopping that the pair will get back on your favor YOU ARE WRONG ! The big guys know the psychology of traders and that the majority think this way and that's why it goes against to eat your stop losses or to get as much as they can from your balance
----------------------------------
Stop loss:
- SL @ 10 pips (+ your broker' spread) above the high of entry candle for short and bellow the low of entry candle for long. I never risk more than 10 pips (above that high - try not to risk more than 20 per total).
----------------------------------

This thread will be very active because I will post everyday what I do, when I do. More info about past trades can be found also on my website/blog (updated same time with forums).

Thank you and happy pippin

PS: Thank you (admin/mod) for changing the title of my thread, it's better now.
PIPology - The Science of Mastering the PIP
  • #2
  • Mar 6, 2008 10:29am Mar 6, 2008 10:29am
Thanks for this simple yet powerful strategy cant wait to try it out.BTW from where do you start drawing your regression chan?
  • #3
  • Mar 6, 2008 10:41am Mar 6, 2008 10:41am
Quoting PIPology
Hello,
I would like to share my strategy with everyone. This will bring you 10 pips / day.

Strategy is very simple: 2 EMAs, one applied to close and one to open.
Signals are triggered by MACD.
Confirmation from Will%R, breaking the TL or RegChan

I started this strategy by sharing it on Babypips and now I think that more people should know about it.

I will make a sumary of what I posted there, linked to this stratgy:

-------------------------------
System is very simple, filtered by other indicators, as follows:

- Timeframe: 30M
- 8 EMA (applied to Close) & 13 EMA (applied to Open)
- Trend lines & Regression channels to help spotting intraday breakouts
Filters:
- 8 %R (levels -80 and -20 visible) over 13 RSI (applied to Open)
- MACD (13, 21, 8)

Signal:
1. EMAs cross
2. MACD goes above or bellow 0 level
3. Spot a break of a trendline or regression chan

Rules of entry:
- Always at the close of the candle.
- For long: candles must be above the 2 EMAs (for short: bellow)
- Entry candle must break or be above/bellow the trendline or regression channel.
- %R must be bellow -20 for long and above -80 for short
- Entry must be placed at maximum 4 MACD bars since MACD turned up or down.

I attached a screenshot to understand. This kind of signals are happening everyday.
http://img03.picoodle.com/img/img03/...em_7f91d4f.gif
----------------------------------
If you ever let your position open hopping that the pair will get back on your favor YOU ARE WRONG ! The big guys know the psychology of traders and that the majority think this way and that's why it goes against to eat your stop losses or to get as much as they can from your balance
----------------------------------
Stop loss:
- SL @ 10 pips (+ your broker' spread) above the high of entry candle for short and bellow the low of entry candle for long. I never risk more than 10 pips (above that high - try not to risk more than 20 per total).
----------------------------------

This thread will be very active because I will post everyday what I do, when I do. More info about past trades can be found also on my website/blog (updated same time with forums).

Thank you and happy pippin
Sounds good.
I noticed that, on your screenshot, the MACD had been down for 5 bars when you show your entry. Your rules said 4 max.
Was that an oversight?

Thanks
  • #4
  • Mar 6, 2008 11:38am Mar 6, 2008 11:38am
Could you attach the regression channel for MT4? Thank you
  • #5
  • Mar 6, 2008 11:47am Mar 6, 2008 11:47am
Quoting neurus
Could you attach the regression channel for MT4? Thank you
It's built into your MT4.
Go to your toolbar:
Click insert > channels > linear regression
  • #6
  • Mar 6, 2008 5:55pm Mar 6, 2008 5:55pm
Quoting ericoco
Thanks for this simple yet powerful strategy cant wait to try it out.BTW from where do you start drawing your regression chan?

Hey,
First thank you.
Second: I draw the RegChan from 0.00 previous day to 0.00 present day and I let it like that until price breaks it and if necessary at the middle of the day from 12 previous day to 12 present day. (I'm using MT4 from MigFX and they are GMT + 1. I am not trading with them, just using their platform for charts)

Usually RegChan and a Trend Line work together in the same areas when a important move is taking place. Like in the pic bellow:
http://img02.picoodle.com/img/img02/...gm_ceeafe1.gif

billbss - 4 bars since MACD turned down or up That means 4 since first one, meaning 5 per total

Thank you for your visits. I will update the thread tomorrow if there ill be any signals or for your replies.
PIPology - The Science of Mastering the PIP
  • #7
  • Mar 8, 2008 8:06am Mar 8, 2008 8:06am
Quoting ericoco
Thanks for this simple yet powerful strategy cant wait to try it out.BTW from where do you start drawing your regression chan?

simple?

teb
  • #8
  • Mar 8, 2008 11:37am Mar 8, 2008 11:37am
Quoting TEB63
simple?

teb
Pardon ?
Do you have something to ADD/improve or complain about this thread/strategy/system ? If not, please move on, I'm not here to sell anything, not even dreams or promises like others and specially not to waste other's time.
PIPology - The Science of Mastering the PIP
  • #9
  • Mar 8, 2008 11:58am Mar 8, 2008 11:58am
Quoting PIPology
Pardon ?
Do you have something to ADD/improve or complain about this thread/strategy/system ? If not, please move on, I'm not here to sell anything, not even dreams or promises like others and specially not to waste other's time.
ok you are pardoned:
LOL
teb
  • #10
  • Mar 8, 2008 12:01pm Mar 8, 2008 12:01pm
I wasn't in fact trying to be smart or even make a statement on the system
- other then say its not really that simple a system
- do you disagree?
- it may well work... I hope it does.

cheers

teb,
  • #11
  • Mar 8, 2008 5:56pm Mar 8, 2008 5:56pm
I don't know you, you don't know me. I never replied to any of your unfinished topics because it's none of my business, so you leave my topic alone. As long as you or anybody don't have anything to Improve or Add to this system/strategy to work stay out, see of your own business. There are many like you who don't have anything to do sometimes than to read and post anything just to add one more post to their profile.

This forum has some rules, please respect them and then try to respect other members so you will receive your respect, if you don't want to be reported each time you are offtopic.

And to clear things for you, because I see you are really "interested", the system is more simple than all your systems together. I give simple indicators filtered by other simple indicators. This is good for people, easy, lovely, entertaining to make damn 10 pips per day. At least I bring something new: trading in harmony with the market ! ... when you all, experts, teach others about "money management" and that is a nonsense as long as people don't have The Money to make money ! If you are So Into the forex, teach people to FEEL the market and to be mature enough to RESPECT the market, then advice them to Have Enough money to manage them. But for some, the capitalized words are too new to be taken into consideration ...

Finally, if you respect me I will respect you.



Quoting TEB63
I wasn't in fact trying to be smart or even make a statement on the system
- other then say its not really that simple a system
- do you disagree?
- it may well work... I hope it does.

cheers

teb,
PIPology - The Science of Mastering the PIP
  • #12
  • Mar 8, 2008 6:44pm Mar 8, 2008 6:44pm
hey PIPology,

don't take it in a bad way, Teb has this sense of humor (teb ), but I'm sure and few would agree he means no harm.

happy pippin!
guess

Quoting PIPology
I don't know you, you don't know me. I never replied to any of your unfinished topics because it's none of my business, so you leave my topic alone. As long as you or anybody don't have anything to Improve or Add to this system/strategy to work stay out, see of your own business. There are many like you who don't have anything to do sometimes than to read and post anything just to add one more post to their profile.

This forum has some rules, please respect them and then try to respect other members so you will receive your respect, if you don't want to be reported each time you are offtopic.

And to clear things for you, because I see you are really "interested", the system is more simple than all your systems together. I give simple indicators filtered by other simple indicators. This is good for people, easy, lovely, entertaining to make damn 10 pips per day. At least I bring something new: trading in harmony with the market ! ... when you all, experts, teach others about "money management" and that is a nonsense as long as people don't have The Money to make money ! If you are So Into the forex, teach people to FEEL the market and to be mature enough to RESPECT the market, then advice them to Have Enough money to manage them. But for some, the capitalized words are too new to be taken into consideration ...

Finally, if you respect me I will respect you.
  • #13
  • Mar 8, 2008 8:36pm Mar 8, 2008 8:36pm
Quoting PIPology
I don't know you, you don't know me. I never replied to any of your unfinished topics because it's none of my business, so you leave my topic alone. As long as you or anybody don't have anything to Improve or Add to this system/strategy to work stay out, see of your own business. There are many like you who don't have anything to do sometimes than to read and post anything just to add one more post to their profile.

This forum has some rules, please respect them and then try to respect other members so you will receive your respect, if you don't want to be reported each time you are offtopic.

And to clear things for you, because I see you are really "interested", the system is more simple than all your systems together. I give simple indicators filtered by other simple indicators. This is good for people, easy, lovely, entertaining to make damn 10 pips per day. At least I bring something new: trading in harmony with the market ! ... when you all, experts, teach others about "money management" and that is a nonsense as long as people don't have The Money to make money ! If you are So Into the forex, teach people to FEEL the market and to be mature enough to RESPECT the market, then advice them to Have Enough money to manage them. But for some, the capitalized words are too new to be taken into consideration ...

Finally, if you respect me I will respect you.
wow

1st. I think your system might well work. or I would not even be reading it.
2nd my 1st post was not to you- but some one who was posting to your system.
3rd. thank you for reading mine I am honoured.
4rd. You really think this is simpler then WSS? really
It doesn't really matter, I just find it hard to believe.
5th. "...To feel the market.. "
a. the only way to do this is MTF trading ..
b. the more tools you have in a system the less you are doing this
- that is the very reason for the tools.
- that is the reason I use ony one tool generally.`
c. in fact PA is the only way to really do this which is no tools.
I don't see any of these in your system... but that is ok!
5. Respect... I respect you... again my 1st post was on a post someone else had put up,
sorry you took it personally. again I think this might be a nice system
- I just do not see it as a simple system... as to its worth,
I will see it play out and judge for myself.
when and if I have something to say to that I will then

6. As to rules I have broke none as far as I know.

Cheers

TEB
  • #14
  • Mar 9, 2008 8:11am Mar 9, 2008 8:11am
you know you are right
I am going to do a "... get a feel for the market..." thread
to help people please feel free to add in

TEB
  • #15
  • Mar 10, 2008 3:01am Mar 10, 2008 3:01am
Quoting TEB63
you know you are right
I am going to do a "... get a feel for the market..." thread
to help people please feel free to add in

TEB
Maybe this one will have a continuity ...
Feel free to leave my thread clean of offtopics.

Thanks and happy trading week.
PIPology - The Science of Mastering the PIP
  • #16
  • Mar 10, 2008 4:50am Mar 10, 2008 4:50am
The strategy is quite simple to me.Please Pipology cont. to up date the thread.
  • #17
  • Edited 7:09am Mar 10, 2008 6:59am | Edited 7:09am
Hello my friends,

Today was a beautiful trading day. We had a great signal and a great profit

Here is the trade for today:

http://img26.picoodle.com/img/img26/...am_59db577.jpg

So, first signal was given by the 2 EMAs, crossing at 8.00AM GMT, then MACD turned down and at the 2nd bar price made a little retrace (what we expected), %R indicator warned us about that so that was the perfect entry for out 10 pips/day.

Entry: 11.30AM GMT @ 1.5363 with 1 lot
Target: 1.5353
Time of trade: max 5 minutes
Profit: 10 pips x 10 USD/pip = $100 USD

I got the movement live and you can see it on my website or searching Youtube for "pipologist", the movie name is: EU-10-03-2008

This is all for today, I'm on my way to fitness, a healthy body has a healthy mind
PIPology - The Science of Mastering the PIP
  • #18
  • Mar 10, 2008 7:42am Mar 10, 2008 7:42am
Nice trading buddy,

keep up the good work

PC

Quoting PIPology
Hello my friends,

Today was a beautiful trading day. We had a great signal and a great profit

Here is the trade for today:

http://img26.picoodle.com/img/img26/...am_59db577.jpg

So, first signal was given by the 2 EMAs, crossing at 8.00AM GMT, then MACD turned down and at the 2nd bar price made a little retrace (what we expected), %R indicator warned us about that so that was the perfect entry for out 10 pips/day.

Entry: 11.30AM GMT @ 1.5363 with 1 lot
Target: 1.5353
Time of trade: max 5 minutes
Profit: 10 pips x 10 USD/pip = $100 USD

I got the movement live and you can see it on my website or searching Youtube for "pipologist", the movie name is: EU-10-03-2008

This is all for today, I'm on my way to fitness, a healthy body has a healthy mind
Less is more...
  • #19
  • Mar 10, 2008 9:29am Mar 10, 2008 9:29am
I want to clarify something, because some of you might ask "what about breaking that RegChan or TL".

Well, I am telling you that it broke a Trend Line. You will see it in the attached picture.

About RegChan, it's simple, the price hit (@ 7.00AM GMT) the upper level of the RegChan 1 hour before the 2 EMAs to cross and price to move bellow them. For me RegChan give more accurate signals (of jumping) than Bolinger Bands, because its lines act beautifully as Trend/Support Lines or Resistance Lines and Forex market is about trend, support and resistance.

[Bolinger Bands are good, when you are lucky enough to spot the reversal , you never know when price jumps from a Bolinger Bands, well you know from some patterns available on the internet but they are not always working, because the BIG guys know them and when they spot few (10-20K) traders entering on those patterns, won't let the pattern work, will drag the price to eat their stop losses and then they will let the market evolve. That's why sometimes traders think market works against them, because they are so small compared to BIG guys so they become victims of the game. A smart entry will always put the BIG guys in the position of not doing anything because that entry correlates with hundreds of thousands of entries from other traders]

Happy pippin !
Attached Image (click to enlarge)
Click to Enlarge Name: eu-10-03-2008-tl.gif Size: 20 KB
PIPology - The Science of Mastering the PIP
  • #20
  • Mar 11, 2008 10:51am Mar 11, 2008 10:51am
Hello friends,

I don't like to let things run without posting, so here is the trade I missed today:

http://img29.picoodle.com/img/img29/...8m_7c608a1.gif

Signal 1: 2 EMAs crossed first time @ 7.30AM GMT
Signal 2: MACD goes UP also @ 7.30AM GMT
Signal 3: %R retraced @ 8.00AM GMT
Entry: 1 lot - BUY @ close of candle 8.00AM GMT @ 1.5353
Target: 10 pips for 1.5363
Time of trade: 7-10 minutes
Target hit @ 1.5363

Profit: 10 pips x $10 pips/lot = $100

So, who caught that move has another $100 in his account.

Thanks and happy pippin'.
PIPology - The Science of Mastering the PIP
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