Dislikedsonic V2 EA work well for this moment...
I just do not really lik v2.1 as I don't find it complete loop...
I am still testing/fine tune new ver..
sonicIgnored
- #583
- Jun 10, 2008 12:24pm Jun 10, 2008 12:24pm
sonic V2 EA work well for this moment...
I just do not really lik v2.1 as I don't find it complete loop...
I am still testing/fine tune new ver..
sonic
Will test out your latest EA soon...
Thanks
Hi,
You have to see it to believe the system.
Amazing!!!
Dani M.
Please tell
ps. Those results from 2.1 look great Sonic - keep up the good work. My 2.0 trades are going well this week!
- #586
- Jun 10, 2008 8:32pm Jun 10, 2008 8:32pm
- | Commercial User | Joined Mar 2008 | 9,071 Posts
Do u see what I see... 
http://i26.tinypic.com/a30bxx.gif
Ppl, I will be out this morning...see ya!!
sonic
http://i26.tinypic.com/a30bxx.gif
Ppl, I will be out this morning...see ya!!
sonic
- #588
- Jun 11, 2008 12:24am Jun 11, 2008 12:24am
Hi,
It is 2.1, and the results shown are this week results. Most of them are 1H charts.
Yes it works great.
Dani M.
It is 2.1, and the results shown are this week results. Most of them are 1H charts.
Yes it works great.
Dani M.
Dani, what system is that? Is this V 2? If so, are these just the results from this trading week? What TF? Time filter settings adjusted as per sonic's suggestion? Broker?
Please tell
ps. Those results from 2.1 look great Sonic - keep up the good work. My 2.0 trades are going well this week!
- #590
- Edited 4:58am Jun 11, 2008 1:50am | Edited 4:58am
- | Commercial User | Joined Mar 2008 | 9,071 Posts
- #592
- Edited 6:35pm Jun 11, 2008 8:24am | Edited 6:35pm
- | Commercial User | Joined Mar 2008 | 9,071 Posts
Read the artical...ppl
It sets me thinking!!
It sets me thinking!!
You're kinda getting the right idea with your explanation of how I place stops. In theory and in practice, when a move down turns into a move up, it HAS to create a wave first and break that wave up. Having said that, once it has done this, it creates waves going up in steps. Technically speaking, I could enter long anywhere as long as my stops are at the base of the wave that broke up. Think about Jacko's method. Quite often he will enter at round numbers yet price may be at the peak of a move up. If he's knocked out, not to worry, he'll have the AH (keep in mind the waves going up and how this works).
When you say there are only so many ways to enter using a line chart, that's correct and I'm doing this deliberately so that I have no doubt nor do I hesitate to pull the trigger (this is actually where I think line charts have a huge psychological advantage over candlesticks/bars). When a wave breaks up or down, I know which direction I have to trade in. If it starts moving in that direction immediately I just pull the trigger although I prefer to get a pullback first but doesn't always happen.
Another thing to clarify... the large stops are only temporary ones. When a move down turns into a move up, it has to create a wave first and then break that. Those "inbetween waves" aren't as big as most think. More often than not they're around 50-100 pips.
Here's my reasoning behind using 100 TP other than what I had mentioned. Let's say trader A decides to let his trade "run" and trader B decides to take 100 pips profit. Here's the scenario...
Trader A
1. Enters market
2. Market goes 300 pips in his favour (at this point he's smiling because of looking at all those pips)
3. He's now thinking this is a great trade, it could go way up, lets hold it for longer. He has no idea how far the market could go, yes the market is going in his favour but he has no idea when things could turn around so he holds the trade hoping to get more.
4. Market starts to drop, and he's now at 250 pips. This is when he starts to think... hmmm we going down now? Probably not, I'm in a great trade lets hold it longer, this might be a retracement.
5. Few hours later... 230 pips.
6. Trader A closes the trade for 230 pips because he doesn't want to risk more.
Trader B.
1. Enters market
2. Trader B isn't greedy, he goes for 100 pips. 100 pips is hit, he's now banked it.
3. Retracement occurs, trader B enters again, another 100 pips banked.
4. Another retracement, enters market again, another 100 pips.
5. At this point trader B has collected 300 pips.
6. Market starts to drop and trader is out waiting for next trade.
Result:
Trader A makes 230 pips
Trader B makes 300 pips (without compounding)
If I was trading the weekly or daily waves as is, depending on whether it was long term or medium term, I may let it run but chances are I would probably target maybe 300-500 pips. Hopefully that answers some of your questions.
btw, I don't see your comments as negative, it's constructive criticism and I'm use to that
- #595
- Edited 10:58pm Jun 11, 2008 10:47pm | Edited 10:58pm
- | Commercial User | Joined Mar 2008 | 9,071 Posts
- #596
- Jun 11, 2008 11:05pm Jun 11, 2008 11:05pm
Hi,
It is 2.1, and the results shown are this week results. Most of them are 1H charts.
Yes it works great.
Dani M.
Thanks for the reply Dani. Regarding the results you recently posted for 2.1 if you wouldn't mind?.....
1) Broker?
2) Pairs? Which were 1H and which were not?
3) Time filter on? off? settings (4-16, 0-16?)
4) Did you interfere with EA (close manually, etc.?)
Your info would be MUCH appreciated as I saw some really big gains in that statement that I am not seeing.....
SONIC, good article and many thanks, 2.0 is solid and looking forward to 2.11
