Thank you for clearing that up for me. You broke that down well enough for a newbie like me to totally understand exactly what you are saying.
Trend Finder 4hr 143 replies
trend finder indicator collection 3 replies
Sweet Spot finder indicator 9 replies
Spikes Trend Finder 4 replies
Dislikedand I noticed a weird thing...
At the very beginning of the day(01 14 2008), the stoch histogram is a half green half red bar.(the upper is green, the lower is red)...In this case, we can't trade, right?
is this a regular one?Ignored
DislikedDo 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.Ignored
Dislikedpls are u trading fxcm metatrader live?how has it being are they good brokers,pls helpIgnored
Dislikedlike 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 tinkIgnored
The indicator is programmed so that when the stoch is above or equal to 50, the line is green, and when the indicator is below or equal to 50, the line is red. That there is a value of 50.
As for the rest of you: attached is an EA for this system.Ignored
DislikedStrategy tester doesnt usually reflect real market conditions very well. Ronald is an excellent programmer who has simply coded the rules as presented. The EA needs some forward testing before any of us can really comment on it's performance.
If the EA is compiled, added to daily charts and you don't see any errors in operation, then feel lucky that Ronald spent his time to make an EA that was freely posted for all to try.
Just give it a chance in forward testing for a few weeks- you can't really judge a daily bar strategy until you've trialled it for a Month as a bare minimum in my humble opinionIgnored
This is a 2-PART QUESTION:
So you've got two versions now on ForexFactory, the 4h and Daily TF approach. From a psychology standpoint, I think I like the 4h version better because it provides some degree of instant gratification and probably the drawdowns when you in the middle of a trade are less.
But ultimately what matters most is...which one is going to make you the most money and with the least of amount risk?
Unless I've missed it, I'm surprised that no one has asked you that question yet.
So which method makes you more money...the 4h or Daily version?
2. I very appreciate your sharing this system. I am amazed at how simple systems often become weighed down with layers of complex nuances. Phillip Nel's 4h systems is great, but it seems to have a steep learning curve when you look at all the different patterns and interpretation you have learn.
I also think that OzFX and Fozzy are also great. But both have evolved in that direction as well. They appear to be simple systems, but it doesn't appear to work well if you apply them mechanically.
Granted, I don't think success in Forex trading comes on a silver platter. I know there is inherently a great deal of thought-process in money management and executing trades. Nevertheless, I like the simplicity of your methods and I hope they stay that way.
Given the way that you have applied your 4H and Daily Methods in your real account, are you able to more or less apply them mechanically...just following simple rules?Ignored
To your first question, the Daily Strategy has produced more money. The main reason is because the 4hr strategy will produce more losses and smaller gains than the daily system. Although you will have more trades, there will be more losses than the Daily.
To your second, I apply both systems 100% mechanically. I don't believe in analyzing anything else when i'm using a certain system. Stick to the rules 100% of the time, and it will pay off in the end.
I hope that answers your question, let me know if I didn't.
DislikedWEDNESDAY: STOCHASTIC BAR CLOSES AT RED , aWSOME OSCIALLTOR BAR CLOSES ON GREEN.
QUEST 1: ON THURSDAY IF BOTH BAR OPEN AT GREEN, I SHOULD GO LONG. RIGHT??Ignored
DislikedQUEST 2: IF THEY OPEN DIFFERENT COLOURS BUT DURING THE DAY THEY BOTH TURN GREEN, SHOULD I STILL GO LONG??Ignored
DislikedQUEST 3: IF THEY TURN GREEN DURING THE DAY AND I ENTER LONG, BUT BY THE TIME THE CANDLE CLOSES, THEY BOTH TURN RED OR GREEN AND RED. SHOULD I STILL STAY IN TRADE???Ignored
DislikedQUEST 4: IF I AM IN LONG TRADE, YOU MENTION IF YOU GET REVERSAL SINGAL, CLOSE THE TRADE. REVERSAL SIGNAL MEANS THE BAR CLOSES THEN OR WHEN THE BAR CHANGES THE COLOUR DURING THE DAY. CAUSE DURING THE DAY THE STOC AND A.O WILL KEEP CHANGING THE COLOUR UNTIL THEY CLOSED.Ignored
Dislikedi HOPE BULL101 CAN REPLY TO THIS PERSONALLY.... QUESTION BY QUESTION??
THANKS FOR CLARIFICATION...Ignored
Dislikedthanks for sharing your very nice system.
awaiting some "signals" from you so we can learn to trade this system like you do.
looking forward to testing it.Ignored
DislikedThe signal doesn't appear alot in a year, so i think we won't see it so soon.
Anyway, which pairs do you use?Ignored
DislikedEURCHF had a signal today. (Not taking sunday candle into account).
Shows as well on the 4H trend system.
Maybe not too late for an entry... as 4H candle just started 5 minutes ago.
Entry price on Daily would have been around 1.6100.Ignored