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Simplicity is the ultimate form of sophistication ( Elite )

  • #101
  • Mar 29, 2008 8:39am Mar 29, 2008 8:39am
i am planing to start with about 5 or 10 k but i will keep on testing your system for the next 2-3 month itīs looks not to complicated even to a beginner like me, i am sure with disciplin and hard work i will get it, i hope so...

i started trading last year without any system, trading plan or money management and took almost 10% risk on a trade on 1:100, so what happened.. i burned down my 5k desposit to a 49$ one.

i donīt wana do such crap again even if i will make losses i hope to have get an overall profit the next time no matter if itīs 100 pips or 10 pips the month, just trading it well and learning by doing it.
  • #102
  • Mar 29, 2008 8:41am Mar 29, 2008 8:41am
the system concept is made for everykind of traders, thus who have low and great capital, bascly to even if you just have low capital, wining with it,

but if you realy wanna make an Ea i suggest to use it at least for the 1H

( 1h chart and bigger timeframes gives more profit, and realy just a few fake signals with stop loss )

( but higher timeframes need more balance capital and begin just with 1 volume )
  • #103
  • Mar 29, 2008 8:46am Mar 29, 2008 8:46am
Quote
but if you realy wanna make an Ea i suggest to use it at least for the 1H

cool, sounds great. i will check this out with an EA, but i think i will better go the manual way first.

anyway thanks for sharing your experience and your great simple system with us that even newbies like me can understand and work it out.
  • #104
  • Mar 29, 2008 8:48am Mar 29, 2008 8:48am
Quoting li0uid
i am planing to start with about 5 or 10 k but i will keep on testing your system for the next 2-3 month itīs looks not to complicated even to a beginner like me, i am sure with disciplin and hard work i will get it, i hope so...

i started trading last year without any system, trading plan or money management and took almost 10% risk on a trade on 1:100, so what happened.. i burned down my 5k desposit to a 49$ one.

i donīt wana do such crap again even if i will make losses i hope to have get an overall profit the next time no matter if itīs 100 pips or 10 pips the month, just trading it well and learning by doing it.

Read the rules, and just do what they say, never be anxious or something while trading, be a relaxed and watch the chart, if you have a signal, go in, if you have a signal to go out, exit, thats it, no hard work anymore, neither trandlines, support resistance, HH LL, Fibs, complicated 7 different MA's at once Support Resistance conditions to analyze, Just one and only one signal for entry, one for the stop loss, and your choice where to exit to book profits.

  • #105
  • Mar 29, 2008 8:53am Mar 29, 2008 8:53am
i still doesnīt know what it takes so long to load this f#cking historical data. itīs weekend and i want to test some trades
  • #106
  • Mar 29, 2008 9:10am Mar 29, 2008 9:10am
For people looking for a "hard exit" rule, you might check out TEB's simple system thread. I've used a combination of other methods with TEB's method and it works very well. I'm amazed at how often both of the targets are hit, especially on the lower time frames.

Here's a chart with showing yesterday's short signal on the USDJPY 1 hour chart from the Elite system, and TEB's Fibonnaci tool that shows the potential exits. One exit has already been taken out for 41 pips. I'd be shocked if the second exit isn't taken out also for an additional 41.

TEB's method gets the "planned" exit, but I believe 9 times out of ten Elite will get you in the trade sooner. (just my opinion...haven't extensively backtested it).

We can watch this trade and see how many (if any) pips are left on the table.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpywithexit1.GIF Size: 27 KB
Is your SL my TP?
  • #107
  • Edited Mar 30, 2008 12:26am Mar 29, 2008 12:42pm | Edited Mar 30, 2008 12:26am

http://www.fileden.com/files/2006/7/...aterflame2.gif

Attached File(s)
File Type: tpl mandrake.tpl   10 KB | 788 downloads
File Type: ex4 Clock_v1_2.ex4   14 KB | 619 downloads
File Type: mq4 BB - HL.mq4   3 KB | 707 downloads
File Type: mq4 fib generator.mq4   12 KB | 780 downloads
File Type: mq4 FiboPiv_v2.mq4   5 KB | 668 downloads
File Type: ex4 Heiken_Ashi_kuskus2.ex4   3 KB | 708 downloads
File Type: ex4 Mandrake CCI.ex4   8 KB | 831 downloads
  • #108
  • Edited Mar 30, 2008 12:15am Mar 29, 2008 12:44pm | Edited Mar 30, 2008 12:15am
The rest:
Attached File(s)
File Type: ex4 Mandrake iTrend1.ex4   4 KB | 712 downloads
File Type: ex4 Mandrake RSI.ex4   3 KB | 724 downloads
File Type: ex4 Mandrake Stochastic.ex4   4 KB | 721 downloads
File Type: doc MANDRAKE SYSTEM MANUAL (English).doc   132 KB | 4,096 downloads
File Type: mq4 RSIvar_v1.mq4   3 KB | 718 downloads
File Type: mq4 WeeklyPivotOnly a.mq4   5 KB | 655 downloads
  • #109
  • Mar 29, 2008 12:48pm Mar 29, 2008 12:48pm
Quoting kenmania
For people looking for a "hard exit" rule, you might check out TEB's simple system thread. I've used a combination of other methods with TEB's method and it works very well. I'm amazed at how often both of the targets are hit, especially on the lower time frames.

Here's a chart with showing yesterday's short signal on the USDJPY 1 hour chart from the Elite system, and TEB's Fibonnaci tool that shows the potential exits. One exit has already been taken out for 41 pips. I'd be shocked if the second exit isn't taken out also for an additional 41.

TEB's method gets the "planned" exit, but I believe 9 times out of ten Elite will get you in the trade sooner. (just my opinion...haven't extensively backtested it).

We can watch this trade and see how many (if any) pips are left on the table.
Ken, thank you for this post,

i know and have followed the threads of TEB very well, and its one of the best traders here in FF, if you ajust yourself to this conditions and knowledge, adding to Elite, you results will be major.

I have created Elite for the simple man like me and other no knowing real science of trading to make it a living, but if you award further experience it will help you aswell, thanks for posting every real help other traders will need.

regards and respect,

Flame
  • #110
  • Mar 29, 2008 12:54pm Mar 29, 2008 12:54pm
Hello Kevin, and welcome,

i don't know the Mandrake ( it sounds to me like linux )

i will read your doc and post my thoughts, thank you ^^

about my pro before, i was a graphic designer, having bachelor in art science, it helps to analyse and identify graphic meanings
  • #111
  • Mar 29, 2008 1:02pm Mar 29, 2008 1:02pm
Quoting Kevyluvu
The rest.
but with all respect, we dont need the kuskus ( even if im moroccan ) , I trend or RSI, please keep it simple for yourself

( the reason why to keep it simple is, many indicators will give you many signals, many signals sometimes do not acurate to real signal, you will be disturbed and maybe take the false descision, why using many when just a few tells you its right ? )

Its like having many friends who use you for nothing, and having a few friends helping you all your life§
  • #112
  • Mar 29, 2008 1:14pm Mar 29, 2008 1:14pm
i will spend for you the next 2 weeks to help you Life trading and giving trading critics and helping you to get the system.

Almost all was said and all rules explained.

If you even have not understood something, do not have any worries to ask about them here in this thread, every information is welcome for newcomers.

I hope other traders folowing this System will help others, because sometimes i have other business to do, but i will present and answer when i have time,
i just give back to existance what life have done for me, helping me to have a simple life , the only thing i will please you to do, is helping others.

Rules are explained, discussions about the most important questions answered, now its about you to work for yourself.

Best wishes,

Karim Marbouh
  • #113
  • Mar 29, 2008 1:14pm Mar 29, 2008 1:14pm
Quoting Waterflame
Its like having many friends who use you for nothing, and having a few friends helping you all your life§
I hear ya. Should I remove it so I don't confuse/distract from your easy system?

with respect

-Kevin
  • #114
  • Mar 29, 2008 1:21pm Mar 29, 2008 1:21pm
Quoting Kevyluvu
I hear ya. Should I remove it so I don't confuse/distract from your easy system?

with respect

-Kevin
You are choosing yourself pathes of life, if your intelligence tell to yourself after understanding its the right way, trust yourself...

( about myself, i had many false friends, many false ppl telling me false things, and being down, i will not be this kind of persons killing others )

follow the rules of the system and try it out yourself Kev, follow them and try them out, its all i can tell you, after my own experience
  • #115
  • Mar 29, 2008 1:26pm Mar 29, 2008 1:26pm
Please post and argument you own trades the next 2 weeks for others, i will respond to help you if you have questions
  • #116
  • Mar 29, 2008 1:28pm Mar 29, 2008 1:28pm
Saturday night, i go enjoy, have a nice week end until monday european opening
  • #117
  • Mar 29, 2008 1:34pm Mar 29, 2008 1:34pm
Quoting Waterflame
Ken, thank you for this post,

i know and have followed the threads of TEB very well, and its one of the best traders here in FF, if you ajust yourself to this conditions and knowledge, adding to Elite, you results will be major.

I have created Elite for the simple man like me and other no knowing real science of trading to make it a living, but if you award further experience it will help you aswell, thanks for posting every real help other traders will need.

regards and respect,

Flame
Thanks for being open to it, Flame. It's pretty apparent that your system is a major pip-producer just on its own. I just know a lot of traders like to know where the out-door is before they walk through the in-door.

regards and HIGHEST respect back to ya,

Ken
Is your SL my TP?
  • #118
  • Mar 29, 2008 2:39pm Mar 29, 2008 2:39pm
Quoting Kevyluvu
removed
why did you remove them kevin, i haven't yet download them to see your proposition, please give them back to us...
  • #119
  • Mar 29, 2008 2:41pm Mar 29, 2008 2:41pm
Quoting kenmania
Thanks for being open to it, Flame. It's pretty apparent that your system is a major pip-producer just on its own. I just know a lot of traders like to know where the out-door is before they walk through the in-door.

regards and HIGHEST respect back to ya,

Ken
Lol, i understand what you mean Ken,

me too i had the problem at first to find where the entry door is
  • #120
  • Mar 29, 2008 4:30pm Mar 29, 2008 4:30pm
Waterflame,

I've been trading live for about 6 months now. Moderate success, mostly due to bad/late entries. I think your Price Action method is very sound and much simpler than other price action plans I have seen. I will be incorporating your system into mine starting on Sunday night. I back tested it against trades I have already made (live) and had I been using this set of indicators, I am sure my failures would be much less and my entries would have been much better. The result will be more pips for me.
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