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Trend Finder Daily

  • #21
  • Jun 12, 2008 6:21pm Jun 12, 2008 6:21pm
Hi Bull,

thanks for sharing ur system with us.
my question is....

i) based on ur 1st post, both indicators are showing same color(either green or red). at some point it's still showing red color whereas the trend go reverse. i mean the market in bull market.
ii) and some time when indicators are both green; the market get to reverse.

therefore how do you determine the market and enter ur trade???

i hope u will answer my Q.

thanks
  • #22
  • Jun 12, 2008 6:40pm Jun 12, 2008 6:40pm
Quoting mohan
Hi Bull,

thanks for sharing ur system with us.
my question is....

i) based on ur 1st post, both indicators are showing same color(either green or red). at some point it's still showing red color whereas the trend go reverse. i mean the market in bull market.
ii) and some time when indicators are both green; the market get to reverse.

therefore how do you determine the market and enter ur trade???

i hope u will answer my Q.

thanks
Hello,

When the indicators both change to green, that is a buy entry.

They will usually not change at the exact same time. It does not matter which one goes first.

You exit the second trade when AO shows a reverse signal.

However, it is true, that sometimes when the indicators line up, everything looks perfect, you enter the trade, and the market goes in the other direction. There is no way to predict the market 100% of the time.

This is however very accurate, but of course, not 100% of the time.

I hope that answers your questions, if it doesn't, please don't hesitate to ask some more

Bull101
  • #23
  • Jun 12, 2008 6:56pm Jun 12, 2008 6:56pm
Hi Bull,

i really appreciate for your help and time spend for this. i just discover that it is better to place a trade when the 1st line of both indicators are showing same color. in mid of the of the indicators, we have to judge based on the stochastic. if the indicators and stochastics are in different direction then we have to judge on our own.
the summary::::enter when the 1st line of both indicators are same in color
  • #24
  • Jun 12, 2008 6:57pm Jun 12, 2008 6:57pm
maybe someone try to do EA for this...

BTW, anyone could teach me how write EA...i really appreciate that...
  • #25
  • Jun 12, 2008 8:04pm Jun 12, 2008 8:04pm
This is for Bull101. I have a question about a trade. I did not take the trade because it's from a few days ago but I'm wondering if you can help me out. The problem is, I got a message saying it's too large to add to my post. Is there a way I can pm you or send you an email? I was notified that you don't accept emails, so how can I get in contact with you so you can see my chart?
  • #26
  • Jun 12, 2008 8:27pm Jun 12, 2008 8:27pm
Quoting Dl1982
This is for Bull101. I have a question about a trade. I did not take the trade because it's from a few days ago but I'm wondering if you can help me out. The problem is, I got a message saying it's too large to add to my post. Is there a way I can pm you or send you an email? I was notified that you don't accept emails, so how can I get in contact with you so you can see my chart?
Sure, I just switched on accept emails, however, you could upload your chart image to http://www.imageshack.us then post a link here so everyone will be able to see it in case they run into the same problem that you're having.

Bull101
  • #27
  • Jun 12, 2008 8:40pm Jun 12, 2008 8:40pm
I tried that link and have no clue what I'm doing. I'm going to send you an email.
  • #28
  • Jun 12, 2008 9:00pm Jun 12, 2008 9:00pm
I've sent the email to you.
  • #29
  • Jun 12, 2008 9:33pm Jun 12, 2008 9:33pm
Thanks Bull101 for sharing this system I think the next thing that we should work on is to find out the most suitable SL and TP for each pairs.
  • #30
  • Jun 12, 2008 9:42pm Jun 12, 2008 9:42pm
Quoting Dl1982
I've sent the email to you.
Letting you know I replied to your email
  • #31
  • Jun 12, 2008 9:44pm Jun 12, 2008 9:44pm
Quoting Lyra
Thanks Bull101 for sharing this system I think the next thing that we should work on is to find out the most suitable SL and TP for each pairs.
I agree, although -100, +50, +100 does work rather well, customized SL and TP would be even better. I'm trying to find a good way to share my future trade results. I have seen some doing it with google docs, I am going to look into that some more. Maybe after a couple months, we'll have have decent averages for several pairs, and begin customizing the SL's.
  • #32
  • Jun 12, 2008 10:55pm Jun 12, 2008 10:55pm
Hi Bull101... thks for sharing your system. I just see your system, Anyway i have a few Q

1. Is AO Indicator changing value during the day?

2. Is Stoch_Histogram Indicator changing its value far away from open value during the day? (I know its changing by time rapidly). Is it possible for histogram to change its colour before end of day?

Thks again
no Guts, no Glory!
  • #33
  • Jun 12, 2008 11:23pm Jun 12, 2008 11:23pm
Quoting gsosay
Hi Bull101... thks for sharing your system. I just see your system, Anyway i have a few Q

1. Is AO Indicator changing value during the day?

2. Is Stoch_Histogram Indicator changing its value far away from open value during the day? (I know its changing by time rapidly). Is it possible for histogram to change its colour before end of day?

Thks again
Hello,

Yes to both Questions. Both indicators can change color at anytime before the bar closes.

However, if you try and play it safe by waiting for the bar to close before entering, you will find that you are getting into trades much later than you could be.

It does happen. You will enter the perfect trade, and suddenly the market goes the other way, and the indicators change. However, as the system states, no matter what happens, after you open your trade, you hold it open no matter what the indicators close as.

This is also the reason that back testing can be deceiving with this system. I am planning on starting to post up some trade results as they happen so everyone can follow along with the system. Hopefully this will clear up many questions and expand everyone's knowledge of how the system works.

Thanks,
Bull101
  • #34
  • Jun 12, 2008 11:34pm Jun 12, 2008 11:34pm
Yes, i agree with you about backtesting can't represent precisely how good this system is. Nice idea to post forwardtesting here, might be someone could find the best tune for your system.

Thks again Bull

Quoting Bull101
Hello,

Yes to both Questions. Both indicators can change color at anytime before the bar closes.

However, if you try and play it safe by waiting for the bar to close before entering, you will find that you are getting into trades much later than you could be.

It does happen. You will enter the perfect trade, and suddenly the market goes the other way, and the indicators change. However, as the system states, no matter what happens, after you open your trade, you hold it open no matter what the indicators close as.

This is also the reason that back testing can be deceiving with this system. I am planning on starting to post up some trade results as they happen so everyone can follow along with the system. Hopefully this will clear up many questions and expand everyone's knowledge of how the system works.

Thanks,
Bull101
no Guts, no Glory!
  • #35
  • Jun 12, 2008 11:36pm Jun 12, 2008 11:36pm
I think you posting some of your trades would clear up a lot of things. I don't think you need to post every trade you take because we need to learn how to spot the trades ourselves but a few post when you open a trade here and there can show how profitable this system is and it can clear up some questions.
  • #36
  • Jun 13, 2008 12:22am Jun 13, 2008 12:22am
Quoting Bull101
I agree, although -100, +50, +100 does work rather well, customized SL and TP would be even better. I'm trying to find a good way to share my future trade results. I have seen some doing it with google docs, I am going to look into that some more. Maybe after a couple months, we'll have have decent averages for several pairs, and begin customizing the SL's.
Hi Bull thanks for putting the systerm up. How and when do you move to B/E are you watching the charts through the day or do you have some EA to move to break even.

With Thanks

David
  • #37
  • Jun 13, 2008 12:38am Jun 13, 2008 12:38am
Quoting David-T
Hi Bull thanks for putting the systerm up. How and when do you move to B/E are you watching the charts through the day or do you have some EA to move to break even.

With Thanks

David
Hello David,

I usually set an alert in MT4 to alert a sound when the pair makes it to the break even point. However, if I know im going to be away from my computer, I setup an email alert that goes out to my cellphone, then with fxcm, I can call in and have them move my stop loss.
  • #38
  • Jun 13, 2008 1:10am Jun 13, 2008 1:10am
Do anyone know what is black line in the Stoch_Histogram indicator? Is it useful? if it is not may be someone could help to remove it.
no Guts, no Glory!
  • #39
  • Jun 13, 2008 2:26am Jun 13, 2008 2:26am
like i said in ur other thread we can use fibonacci as our probable profit targets and add sars and heiken ashi to d chart,wat do u tink
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #40
  • Jun 13, 2008 2:39am Jun 13, 2008 2:39am
pls are u trading fxcm metatrader live?how has it being are they good brokers,pls help
D labour of a fool wearieth him cos he doesn't know how to enta d city
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