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Trend Finder Daily

  • #61
  • Jun 13, 2008 12:26pm Jun 13, 2008 12:26pm
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.
  • #62
  • Jun 13, 2008 12:38pm Jun 13, 2008 12:38pm
Quoting bobowang
and 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?
This is correct, you would not be able to trade at this time.
  • #63
  • Jun 13, 2008 12:38pm Jun 13, 2008 12:38pm
Quoting gsosay
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.
The black line just goes over the top of the indicator. I do not find it useful. You can remove it by going into options, and selecting its color to "None"
  • #64
  • Jun 13, 2008 12:39pm Jun 13, 2008 12:39pm
Quoting lordgbengs
pls are u trading fxcm metatrader live?how has it being are they good brokers,pls help
I have never had a problem with FXCM. However, I have not yet tested this MT4 platform. I do not want to transfer my live account to their MT4 without testing it, but unfortunately they are not offering demo accounts yet. Hopefully another couple of months and they will be offering MT4 Demo accounts.
  • #65
  • Jun 13, 2008 12:40pm Jun 13, 2008 12:40pm
Quoting lordgbengs
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
That is a possibility, I will look into using that. Thanks for the suggestion
  • #66
  • Jun 13, 2008 12:43pm Jun 13, 2008 12:43pm
Quoting Ronald Raygun
www.metatrader.info/node/34



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.
Thanks again for your work Ronald
  • #67
  • Jun 13, 2008 12:44pm Jun 13, 2008 12:44pm
Quoting currymonster
Strategy 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 opinion
I agree with this. I have also found that back testing EA's is usually not very accurate.
  • #68
  • Jun 13, 2008 12:47pm Jun 13, 2008 12:47pm
Quoting majorbillion
Hi Bull101:

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?
Hello,

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.


Bull101
  • #69
  • Jun 13, 2008 11:00pm Jun 13, 2008 11:00pm
Quoting Bull101
Hello,

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.


Bull101
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.
Lazy Forex
  • #70
  • Jun 14, 2008 1:09am Jun 14, 2008 1:09am
Quoting Bull101
The black line just goes over the top of the indicator. I do not find it useful. You can remove it by going into options, and selecting its color to "None"
it's working, thks.
no Guts, no Glory!
  • #71
  • Jun 15, 2008 2:40am Jun 15, 2008 2:40am
Just one question: The below is just an example...

WEDNESDAY: 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??

QUEST 2: IF THEY OPEN DIFFERENT COLOURS BUT DURING THE DAY THEY BOTH TURN GREEN, SHOULD I STILL GO LONG??

QUEST 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???

QUEST 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.

i HOPE BULL101 CAN REPLY TO THIS PERSONALLY.... QUESTION BY QUESTION??

THANKS FOR CLARIFICATION...
Thanks and Regards Zamir M Iqbal
  • #72
  • Jun 15, 2008 1:12pm Jun 15, 2008 1:12pm
Quoting zamiriqbal
WEDNESDAY: 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??
Yes you would go long in this situation.

Quoting zamiriqbal
QUEST 2: IF THEY OPEN DIFFERENT COLOURS BUT DURING THE DAY THEY BOTH TURN GREEN, SHOULD I STILL GO LONG??
No, if they are not both the same color at the opening of the candle, I do not take the trade. I analyze the charts for maybe 10 minutes after the opening of the candle. If there is no entry signal at that time, I wait for the next day.
Quoting zamiriqbal
QUEST 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???
You should hold all trades open until you have gotten to at least +50 and have set a break even.
Quoting zamiriqbal
QUEST 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.
You are to hold all trades until you reach the break even point, and ignore reverse signals until you are at least at break even.

Quoting zamiriqbal
i HOPE BULL101 CAN REPLY TO THIS PERSONALLY.... QUESTION BY QUESTION??

THANKS FOR CLARIFICATION...
If I missed anything, let me know.

Bull101
  • #73
  • Jun 15, 2008 3:10pm Jun 15, 2008 3:10pm
thanks 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.
Twitter: @forexpokerpro
  • #74
  • Jun 15, 2008 3:55pm Jun 15, 2008 3:55pm
Quoting BBPI_fxtrader
thanks 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.
Sounds good, i'll begin posting entry signals this week starting at 0:00GMT Monday.
  • #75
  • Jun 15, 2008 7:08pm Jun 15, 2008 7:08pm
Entry Signals

No good signals today
  • #76
  • Jun 15, 2008 7:48pm Jun 15, 2008 7:48pm
Quoting Bull101
Entry Signals

No good signals today
The signal doesn't appear alot in a year, so i think we won't see it so soon.

Anyway, which pairs do you use?
no Guts, no Glory!
  • #77
  • Jun 15, 2008 7:59pm Jun 15, 2008 7:59pm
EURCHF 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.
  • #78
  • Jun 15, 2008 9:17pm Jun 15, 2008 9:17pm
Quoting gsosay
The signal doesn't appear alot in a year, so i think we won't see it so soon.

Anyway, which pairs do you use?
When pairs are moving with their trends, it will produce about 3-4 signals a week. There are down times when pairs are retracting though.

I trade this system on all available pairs.

Bull101
  • #79
  • Jun 15, 2008 9:18pm Jun 15, 2008 9:18pm
Quoting doblece
EURCHF 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.
Hello,

This would be a signal if you ignore the Sunday candle. Personally, I do not trade the Sunday candle. I do now consider this to be a late entry.
  • #80
  • Jun 15, 2008 10:28pm Jun 15, 2008 10:28pm
Quoting Bull101
Hello,

This would be a signal if you ignore the Sunday candle. Personally, I do not trade the Sunday candle. I do now consider this to be a late entry.
personally i prefer trade everyday
Lazy Forex
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