Sonic System!!

Hi,

I am a 29 yrs old, Momentum/Trend trader from Singapore. I like to trade on longer time frame lik 4H and D1. I can't be in front of my home pc all the time and I use logmein(logmein<dot>com) to keep track. I use ODL Metatrader demo (it is GMT 0) for charting, I suggest you to try ODL as well. Download Here So, if there is any queries arise,at least we are on the same page. Download Sonic Striker EA 2.2 as it is the latest.

The results are proven to be profitable especially in AUD/USD,EUR/USD,EUR/JPY,USD/JPY,GBP/USD. All I need is to be disiplined and consistancy. For new trader, I suggest you test out on "demo" first.




http://i37.tinypic.com/m9u2h5.jpg

* Sonic Indicator will help you indicate the Buy/Sell Signal, the following rules of the signal are jus for your understanding only!!

Opening a position

BUY
AC is above 0 or AC(now) is > than AC(prev bar)
Stoch Main > Stoch Signal
Stoch (now) > Stoch (prev bar)
RSI >52
ADX(now) > 15 (Green) or ADX(now) > 25 (Red)


SELL
AC is below 0 or AC(now) is < than AC(prev bar)
Stoch Main < Stoch Signal
Stoch (now) < Stoch (prev bar)
RSI < 48
ADX(now) > 15 (Red) or ADX(now) > 25 (Green)


Exit: Oppsite Buy/Sell signal or as per Money Management.

* Sonic Slope is to guide the overall market direction at that moment, please assess the price action properly whenever sonic signal appears against that direction,before take the position.
*AC & Stoch indcate the general trend or the trend changes!
*RSI is used to indicate the strong trend direction, while ADX help me determine how strong the momentum/trend is!!



Money Management(Sonic Strker EA)

Open Trade with 4 Lots (or 0.4) with Stop Loss 80 pips away

Take Profit on 1st Lot at 30 pips. Stop Loss move to Break Even (BE).
Take Profit on 2nd Lot at 60 pips.
Take Profit on 3rd Lot at 90 pips.
Let the 4th Lot run until you see an opposite entry signal.


*I created EA to help you with the MM arrangement! I will go LIVE on non-MT4 broker and all the trade, TP and SL will manually inputed.


This gona be a start of my forex journey!!
I am always looking for a bad trade, loophole to define/correct the system.
Please feel free to share the suggestions here!!!


sonic

25 Apr' 08

http://i30.tinypic.com/20l0z95.jpg

SHORT EUR/USD @1.5616 (D1 TF)
SL: 100 TP:100 (*MM in place once 1st Tp hit, with trailing stops)

1. AC = short
2. Leg1(BLUE) <0.85 & leg2(RED) < 1
3. MACD -ive (with -ve divergence)


Strings of News coming out in next week.trade with care!
Any other observation/suggestion??

sonic

I've never seen anyone do this before. Beach front property? I just got my lot....

Reserved 13

Hi Sonic

Greetings from Japan!

I'm in agreement with you on the short but just waiting for extra confirmation by the Golden Madro.

The setup looks great esp. with the weekly trend.

EURCHF and EURJPY all looking similar in the near future.

See my next post for another view.

Good on you for sharing your journey.

BTW what part of Asia are you in?

JD

Another view

i m fr singapore!! hav a gr8 weekend!!

Nice article!!!

http://forexfactory.com/news.php?do=news&id=83526

Great job

sonic3 template!!!

Lag Blue, Gamma = 0.6
Lag Red, Gamma = 0.8

Thanks for sharing

Hey Sonic

Nice job starting your own thread! I am glad to see you improving your trading style after much hard work. I wish you the best!

Good luck

Good luck with your trades SonicDeejay...

awww sweet. I trade with both of the systems so I look forward to this thread!!

I think this mix of systems would be very interesting....
Do you have any past data... prev week or month?
Congrats and thanks!!

1. Notice that there is a *LONG* signal in H4
Yes, with OzFx
No, with Imram (Lag1Blue still below 0.15)

2. IMHO, the singal that generated by Asian Session is unreliable.

3. The signal is short since 24 Apr, 1.5669, so I am nearly 50 pips late.

So I am closely monitoring!!

Lesson Learnt: D1 TF may show a *short* signal but should seek H4 TF for more confirmation, or vice versa

sonic

True, the asian session makes me cry with these systems you will need to be careful because the signals could drag you into some bad trades.

What a day we had!!!

swinging +10 pips to -80 pips!!!!
must have a big stomach for big swing in D1 TF...
still holding E/U short!!!

sonic

http://i28.tinypic.com/548x90.jpg

SHORT USD/JPY @104.14 (H4 TF)
SL: 50 TP:Trail Stop 25+ (*MM in place once 1st Tp hit, with trailing stops)

1. AC = short
2. Leg1(BLUE) <0.85 & leg2(RED) < 1
3. MACD -ive (with -ve divergence)

Hope I can get some quick pip!
Any other observation/suggestion??

sonic

Close 0.5 @ 1.5561 (+50 pips)
The rest with trail stop @ 55 pips!!!

Lesson Learnt:
*H4 TF carries more weight than D1 TF, upon making decision*
*D1 TF must be viewed for general trend-line and confirmation purposes*....
*since the position is aginst major trend, monitor closely*

Hi Sonic

Like you I had an interesting day with the eurusd yesterday and got out almost the same as you.

It might go down a bit more but as you say against the trend.

Regarding the usdjpy it looks like up or flat for the short term but a bigger correction downwards on the way possible.

Hang in there!

Remember the market is always perfect!

JD