5 Min Keltner System

sorry Raver

im entering on the vertical line on valid signals

do you also look at 1m? sometimes i just dont see how in live-mode you'd know that the stoch is crossing and not gonna cross back. like, and the open of bar C wouldnt have the white stoch been pointing down, so by the time it actually crosses the price has already moved. i'm just wondering lol

Hi "P", ever take care of that line problem. Building quite abit of support here I see. I still am reviewing charts to see possibilities of combining systems as you generate ample trades, and profitable ones at that. Thought I would throw your thread out to the Trading Room (post #140 on my thread) attendees tomorrow, but would like permission before initiating such an action. How did things go for you today. I see you were lurking around as I huffed and puffed to get that last trade in today. That was a beast indeed. Talk to you soon. Highest Regards, X

Hi Expat yes im game although Im busy with the trading during the day,yes combination of both may work.. closed down at 30pips

Still working on the fix but all looks promising

cheers

pauls

Raver find the 5min min easy peasy lemon squeezy when it comes to judging entry ..I find it very relaxing way to trade and the 5min gives you amble time to check your lines either by eye or with the navigator.

I traded 6months on an 89 tick chart that was fast and furious the 5min is almost like investing to me...lols

You just have to be tuned in when it matters then rest..I like it

paulus

Hi Bobcat

Stoch below 20 price comes down through bottom band and closes below bottom band,I then wait for the stoch to up tick with price signal and main lines and i go long

There are instances of stoch up ticking and price giving doji then doji then up bar..the system as yet is not hard and fast and that part of it is up to you.

But for me I need the up tick of stoch and the up bar for the long entry all to happen at once .. By sticking to this approach im trying to reduce signals firing off in the opposite direction when a strong trend develops.

The main line will tick more often than not with price but in strong trend the signal line keep going with the trend and so stops you taking a signal

It doesn't stop them all but it helps..I'm more than willing to change the settings or add another confirmation indicator or another type of filter if some one recommends them

The system is there to be used and abused broken and remade .. with the outcome being a logical well tested system

paulus

So as to be clear, can you provide the times that you are trading live. I believe you trade close to the same times I do (12 -18:00 gmt). Thx. X

I added the attached indicator: Center of Gravity ( I got this from another thread in this forum).

If this indicator is added to Paulus strategy, I found that the success rate will be more. The COG indicator too is not fixed It changes position and is a lagging indicator. But this helps.

I take a long trade when the price touches the bottom line of Keltner band, the bottom green line of COG indicator and when the stochaistic is below 20.

For short Vice-versa. I fell that the success rate is more when we add COG indicator.

Hi Paulus,

Thanks for sharing your strategy with us.

I'm trying to follow your most recent instructions per Posts #158 and (Chart) on 159. Would you take a look at my notes to your chart and share your thoughts?

I realize you're giving us examples of both valid and invalid, and not necessarily *all* the trades. These popped out at me as ones I may have taken.

Also, are you still making your decision in the last 10 seconds of the 5 min bar?

Thanks again,

LePip

What settings are you using on the COG? Looks good.

I use the default settings

Simple sorry for the late post..thanks for the gravity Ind could you post a chart with some signals youve taken using it please.

And thanks for posting its all going into my arsenal

Le pip

here is your chart with my explanations..I hope they make sense

For people visiting the thread its all gone quite mainly due to the fact Im still working on perfecting the entry.It gives good signals and think Ive cracked the signal against a trend problem ..just looking at the stop..either move to break even when we hit the middle ma line OR take the stop 1 pip above high of bar for a short and 1 pip below low of bar for a long..

Or like i use it on Futures ( trading 2 contracts or always in pairs)when i make 1 full point I close and move stop to break even on 2nd ....then close 2nd at +3 giving me 3 full points per pair of contracts traded ,3 full points on ER2 futures is $300

Still experimenting

Paulus

Hi Paulus... Thanks for getting back to me... great explanations.

I follow most of what you noted, but could you be a explain a little more about the first red arrow (and why it's a no-go related to bar A)? From what I see, the white Stoch line is still pointing up, so I don't follow.

Also, on the last two arrows where you say "no past tick up bar." I don't understand how you're applying that phrase in each case. Are you saying the candle is a tick? Or are you talking about the main line in the Stoch? Do you mean we take the signal only when the white line angles up? So, if it angles up a bar or two earlier, it invalidates the signal?

Again, thanks for your explanation and your time.

Le Pip

Ive been trading for most of the day missed out the real early period flat at mo..but have had 11 signals got 9 of them .. system on +57 pips

been taking lmt buy and sells all day only missed 1 signal due to the fact the signal didnt retrace to hit my lmt buy,.

I find the process easy I get the order ticket up and select pending order and set stop and tp to roughly the right levels..

I then wait for 2-3 secs till the end of the 5min candle and click on one of the arrows in the 'at price' box this gives me as close as possible the close of the candle and then click submit and the order gets filled..waiting to get hit

This way I gain 2 pips on the tp as on a long I get in 2 pips lower than the close of the bar so the spread is covered and as my stop is fixed..if long I set stop to 1 pip below low of entry candle so my loss is 2 pips smaller also.

the missed signal was 7 pips but have gained 2 pips on the other 10 so one way or another am 20pips up less the 7 on the signal that didnt get triggered, so 13 pips better off so far for using the lmt buy and sell

Using 2 x stoch one is standard 532 the other the Stoch DiNapoli set to 833

Will post final results tonight with my template ..

The Keltner moves forward in it evolution

Actual trades +4+3-6+7+13-4+15+12-5+11+7 = +57

Flat now waiting for a short

Paulus

You're doing great with this. I've traded futures myself for many years, mostly ES and ER, occasionally YM. I've got to keep trying on your method -- I just don't have it yet.

Are you using the opposite end of the keltner as your target?

Hi BenQ

Yes thats right if long tgt set to top K line if short set to bottom K line.

seems to work well if you long and the price is rolling over and it looks like its going to move against you the top K line comes down to meet your fill and you get taken out albeit for a smaller amount but it saves you in a way if it rolls over slowly

Er2 really good I like it tried YM alot of my friends trade it but never got on with ES is moves in a strange way..

the good thing about US futures is that the dep required to trade is so low now so its a good return for your money

Paulus

Are you still moving stop to B/E at the midline?

Outstanding results, just outstanding! Fine job of tweaking and evolving. Congrats!!! Gone for a couple days, wanted to thank you for all efforts. If possible, could you check in on my thred Thur. and Fri.? Might be a few questions there you could help answer. Mine is a very simple system as you know. Thanks again Paulus, have a profitable rest of week and a great weekend. Talk to you soon. Highest Regards, X

Am I reading this trade right? The candle time is 15:05 gmt. We had a close above k line, down candle, stoch ticking down, so enter last few seconds of candle.

Price went to midline, stop moved to B/E. Price reversed and took out stop for a scratch trade.

Did you take that trade? What was your result -- or if not, why not?

Thanks

Hi Ben hope this helps ..

Expatt will pop in tomorrow get the kettle on

Paulus