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Attachments: Supernova GBP/JPY Mini Trend Catcher
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Supernova GBP/JPY Mini Trend Catcher

  • #5,601
  • Apr 29, 2008 9:52am Apr 29, 2008 9:52am
Quoting cryten
wow your snake looks way different lol
thank you very much for the explanation
  • #5,602
  • Apr 29, 2008 10:29am Apr 29, 2008 10:29am
Quoting cryten
I trade soley with a 9 sma with levels these days, adjusted for every pair. But I added the supernova indi's to the guppy with my anaconda. Do you think it could have helped you to stay in the trade?
Very nice! I esp like the fact that the charts are uncluttered. Thanks for posting your tpl.
  • #5,603
  • Apr 29, 2008 1:47pm Apr 29, 2008 1:47pm
Quoting jasius
Is that a manual trade? What are the rules?
Yes all manual trades. I try to find the best setups which means I don't trade everyday. Today I made 40 pips on gbp/usd, 30 on eur/jpy and 3 pips on a buy for eur/gbp, it was taking ages to go anywhere but looking now would have been a nice trade had I left it on but I was going out and I don't like having trades on when I'm not there.

I woke up a bit late for london so these were mostly in the 2nd leg of the moves. Really I should have walked away with alot more but I'm not complaining these are all compounded trades.

I think it should be pretty easy to see where I buy and sell if you look at the template but I'll try attach a chart or two soon for anyone who is interested.

This is made for 5 min and 15 min charts if anyone puts the template on higher timeframes you will need to adjust the levels on the sma.
  • #5,604
  • Apr 29, 2008 1:52pm Apr 29, 2008 1:52pm
Quoting cryten
Yes all manual trades. I try to find the best setups which means I don't trade everyday. Today I made 40 pips on gbp/usd, 30 on eur/jpy and 3 pips on a buy for eur/gbp, it was taking ages to go anywhere but looking now would have been a nice trade had I left it on but I was going out and I don't like having trades on when I'm not there.

I woke up a bit late for london so these were mostly in the 2nd leg of the moves. Really I should have walked away with alot more but I'm not complaining these are all compounded trades.

I think it should be pretty easy to see where I buy and sell if you look at the template but I'll try attach a chart or two soon for anyone who is interested.
But we are...
  • #5,605
  • Apr 29, 2008 6:08pm Apr 29, 2008 6:08pm
Quoting cryten
LOL

Well I decided to start compounding every trade with a cool excel tool I found somewhere on forex factory. This is the template I use for the majors but I am working on an anaconda setup for the 5 min guppy to trade £1 a point for some pocket money
Hi mate,

I just did a manual back test (last 2 weeks) for GBP/JPY and using supernova as main indicator and candle clean away from the snake as entry point. I did SL at 60 and TP as 60. Some very promising results. So promising in fact that there were just 2 losing trades out of all I would have entered and right after each losing trade there was another signal and entry point that scored the 60 pips i set out to get.

I'm going to demo test this for a few days and then perhaps do a few trial live tests. I'm excited coz my one weakness is entering and exiting at the right times. This seems to complete the supernova method for me quite nicely as I'm not concerned about not getting 100+ pips per day, I'd be just as pleased with 20 pips per day. Cheers for this mate, it is much appreciated.

For those interested, I have attached the template I created using anaconda and some facets of supernova (you'll have to download all the relevent indicators and the EA).

By the way cryten, my anaconda doesn't look half as pretty as yours

=RS=
Attached File(s)
File Type: tpl vfgty.tpl   5 KB | 374 downloads
  • #5,606
  • Apr 30, 2008 2:23am Apr 30, 2008 2:23am
Quoting rsharpe30
j

For those interested, I have attached the template I created using anaconda and some facets of supernova (you'll have to download all the relevent indicators and the EA).

Which of the EA's are you using?
  • #5,607
  • Apr 30, 2008 3:23am Apr 30, 2008 3:23am
Quoting orion70
Which of the EA's are you using?
just the supernova EA, and i only use it for the sound alerts so I am not glued to my PC or the trade screen.
  • #5,608
  • Apr 30, 2008 3:29am Apr 30, 2008 3:29am
Quoting rsharpe30
just the supernova EA, and i only use it for the sound alerts so I am not glued to my PC or the trade screen.
Oh ok. The reason I asked is that there are several SN EA's. Sounds like you are trading it manually so I guess it doesn't matter. Thanks.
  • #5,609
  • Apr 30, 2008 4:53am Apr 30, 2008 4:53am
Quoting orion70
Oh ok. The reason I asked is that there are several SN EA's. Sounds like you are trading it manually so I guess it doesn't matter. Thanks.
Hi orion,

yes mate, I am trading it manually. It's helping me get a feel for how it works and what the optimal entry and exit points are. Mind you, I think I have nailed down entry but I am still very anxious at exit and always manage to get out too early or not early enough. I blame any losses I incur on my inability to exit at the right time.

Here is an indication of my "exit anxiety" ... I was on the huge sell yesterday and got in at the start. I saw a small drop, closed trade well before my 40 pip TP (closed at 15 pips) and it kept dropping another 180 pips or so. I could have had my desired profit for the day if I was not so unsure about exits.
  • #5,610
  • Apr 30, 2008 6:19am Apr 30, 2008 6:19am
Hallo, Master Cryten!

Anaconda release time! But no need to flee up to the trees. This one is a biggy in all aspects and a great help to safe manual trading.

Please see the attached "version" of what I do with it.

Ciao!
Matt
Attached Image (click to enlarge)
Click to Enlarge Name: FFAnacondaAUDJPY01.jpg Size: 121 KB
  • #5,611
  • Apr 30, 2008 6:27am Apr 30, 2008 6:27am
Quoting Lyra
Hi Gnat! Yup basically i trade only jpy pairs but yesterday i saw opportunity on e/u so i give it a try:
a good move on e/u just now also, short at 1.5624 and close at 1.5616 +40 pips

Goodluck to u all!

Lyra
Hallo Lyra!

Today is another good day for the Yen pairs on Supernova. All of them have really had some nice moves to catch for the manual trader. Hope you got some there again!

I was off yesterday as there was a "surprise wedding" all of a sudden by a friend from my island (where I grew up). So I had to get there head over heals.

Keep up the good work and maybe the Anaconda can help to get safe entries and exits. But first get to safe grips with Supernova "bare" for a little while! Great results!

Ciao!
Matt
  • #5,612
  • Apr 30, 2008 7:03am Apr 30, 2008 7:03am
Quoting Gnat
Hallo, Master Cryten!

Anaconda release time! But no need to flee up to the trees. This one is a biggy in all aspects and a great help to safe manual trading.

Please see the attached "version" of what I do with it.

Ciao!
Matt
Hi Gnat,

would it be possible to attach your tpl so I can see how it differs from mine which uses supernova for indications?

Cheers,
=RS=
  • #5,613
  • Apr 30, 2008 7:36am Apr 30, 2008 7:36am
Quoting rsharpe30
Hi Gnat,

would it be possible to attach your tpl so I can see how it differs from mine which uses supernova for indications?

Cheers,
=RS=
Hi RSharpe!

You are lucky .... Master Cryten just told me you were waiting! Here you go - the template is attached!

Ciao!
Gnat
Attached File(s)
File Type: tpl snanaconda01.tpl   2 KB | 591 downloads
  • #5,614
  • Apr 30, 2008 8:22am Apr 30, 2008 8:22am
Quoting Gnat
Hi RSharpe!

You are lucky .... Master Cryten just told me you were waiting! Here you go - the template is attached!

Ciao!
Gnat
Hi Gnat,

I'm quite a patient lad and i would have waited for at least another 24 hours before I started annoying you Cryten, thanks for passing on the word mate.

OK, just so i have this right

1. we wait for both QQEs to cros (either above or below)
2. we wait for a candle to be clean of the anaconda (either above or below)
3. we place trade (buy or sell) depending on signals 1. and 2.

So far so good or have I missed anything important?

If the above is correct then the only thing I am not grasping is how you are using the anaconda to make exit decisions. This is my primary hurdle. I never seem to get the exit right which is keeping me from really taking advantage of the system as a whole. Basically, I have never been in a trade the wasn't IN profit but 6 times out of 10 I will either pull out too quickly, thus leaving pips on the table that should have been mine ... OR i wait and wait and then price retracts on me and I end up either losing profits or not making as much profit as i would have at the trades highest point.

Hopefully I'm making sense and you or cryten (or other supernovaers) can guide me to a decent exit path.

Thanks for the template, i really appreciate it mate.

=RS=
  • #5,615
  • Edited 1:27pm Apr 30, 2008 8:35am | Edited 1:27pm
Quoting rsharpe30
Hi Gnat,

I'm quite a patient lad and i would have waited for at least another 24 hours before I started annoying you Cryten, thanks for passing on the word mate.

OK, just so i have this right

1. we wait for both QQEs to cros (either above or below)
2. we wait for a candle to be clean of the anaconda (either above or below)
3. we place trade (buy or sell) depending on signals 1. and 2.

So far so good or have I missed anything important?

If the above is correct then the only thing I am not grasping is how you are using the anaconda to make exit decisions. This is my primary hurdle. I never seem to get the exit right which is keeping me from really taking advantage of the system as a whole. Basically, I have never been in a trade the wasn't IN profit but 6 times out of 10 I will either pull out too quickly, thus leaving pips on the table that should have been mine ... OR i wait and wait and then price retracts on me and I end up either losing profits or not making as much profit as i would have at the trades highest point.

Hopefully I'm making sense and you or cryten (or other supernovaers) can guide me to a decent exit path.

Thanks for the template, i really appreciate it mate.

=RS=
Hallo RSharpe!

The QQEA is meant to be set at a DARF of 3.5 to help you only with the exits. In fact for Cryten's approach there is no need for the QQE/QQEA, but it comes with an alert and can be used therefor to call you to the PC it runs on.
So you enter after an alert from the normal QQE and as the Anaconda gets ready. Then you stay in the trade as long as the candles stay above the Anaconda and the snake is thin (and slimy). As those conditions do not seem to be optimal any longer, you either exit based on the state of the Anaconda (Cryten) or you look for the recross of the QQEA at 3.5 (Gnat) to close your trade.
In the end you will only need the snake!

Ciao!
Gnat - Matt
  • #5,616
  • Apr 30, 2008 8:37am Apr 30, 2008 8:37am
Material
Attached File(s)
File Type: ex4 QQE.ex4   4 KB | 450 downloads
File Type: ex4 QQEA.ex4   4 KB | 444 downloads
File Type: ex4 QQE Alert v1.ex4   7 KB | 454 downloads
  • #5,617
  • Apr 30, 2008 9:15am Apr 30, 2008 9:15am
As i said earlier im working on the guppy again so I can make some pocket money while I'm compounding the pips from the majors.

I am live trading the major currencies but this is what i been playing with in regards to the guppy, no live trades yet.

What do you guys think of this setup?

The blue arrows are where i'd enter
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_03 Apr. 30 15.10.gif Size: 13 KB
Attached File(s)
File Type: mq4 MT4-LevelStop-Reverse-v2.mq4   16 KB | 583 downloads
File Type: tpl guppy.tpl   25 KB | 552 downloads
  • #5,618
  • Edited 10:27am Apr 30, 2008 9:19am | Edited 10:27am
Cryten, appreciate it but for some reason my arrows look completely different and are not good enry points. Any ideas?
Attached Image (click to enlarge)
Click to Enlarge Name: ss.jpg Size: 64 KB
  • #5,619
  • Apr 30, 2008 10:18am Apr 30, 2008 10:18am
I had a private pm asking what are the differences in the arrows in the last pic I posted.
The big pink and light blue arrows are from the level and reverse indicator I posted and the
hollow darker blue arrows are where I am indicating where I would have entered as the anaconda,
qqe and level indicator all agreed.
Please try to keep questions to this thread rather then pm.
  • #5,620
  • Apr 30, 2008 10:53pm Apr 30, 2008 10:53pm
Quoting cryten
I had a private pm asking what are the differences in the arrows in the last pic I posted.
The big pink and light blue arrows are from the level and reverse indicator I posted and the
hollow darker blue arrows are where I am indicating where I would have entered as the anaconda,
qqe and level indicator all agreed.
Please try to keep questions to this thread rather then pm.
Hello

I download guppy template , I still consider Vt station for trading supernova system , maybe becuase signals appear earlier befor Mt , am trying guppy template starting from today , but the arrows confused me , I think its going to be butter if we remove thoes arrows , and keep watching qqe indicators , please attached the same template without arrows , because I tried to remove them from chart , but I couldnt ... any how guppy locks good for the first lock , but need to test is live , I mean demo offcourse , to find the defference between getting right signals , for my self , I rather to watch MT than VT ... thanks for all , waiting for guppy.tpl without any arrows ....

best regards
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