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Virus System

  • #61
  • Jul 24, 2008 4:25am Jul 24, 2008 4:25am
anybody trading this system today with success? i`ve got problem seen 5 sec sudden breakout after couple of minutes ranging period. not many setups there.
  • #62
  • Jul 24, 2008 4:45am Jul 24, 2008 4:45am
hi
do you have problems scalping like this with onada ? dont they requote you the price many times like others do ?
thanks
  • #63
  • Jul 24, 2008 8:19am Jul 24, 2008 8:19am
I traded this system last night for awhile...at least I thought I did. My first trade was a loser because I didn't observe the 800 GMT red flag news...so I'm not counting that one...LOL

Then I profited on the next 2 out of 3 "official" trades. I continued on my merry way...until I more carefully reread the rules.

I originally had thought that the "flat line" of 2 to 4 minutes worth of candles meant each candle could not exceed 2 pips. True enough...I did that...but then it dawned on me that the maximum 2 pip rule means that the 2 to 4 minutes worth of candles as a group cannot exceed the 2 pip excursion.

Well, at least yy blundering was more successful than anything else I've tried for this week! LOL

Any other blunderers out there?
  • #64
  • Jul 24, 2008 12:57pm Jul 24, 2008 12:57pm
Tony112:
Thanks for interesting setup
it's o'k to win ...
  • #65
  • Jul 24, 2008 1:58pm Jul 24, 2008 1:58pm
Rule 2 says:
2. Wait for a formation of a "almost flat line" for about 4 minutes
(flat line means the price doesn't move more than 2 pips up and down for 4 minutes)

If anytime during the 4 minutes if price moves more than 2 pips then this rule is broken. Thats my understanding, correct me if im wrong please.



Quoting Bobcat2
I traded this system last night for awhile...at least I thought I did. My first trade was a loser because I didn't observe the 800 GMT red flag news...so I'm not counting that one...LOL

Then I profited on the next 2 out of 3 "official" trades. I continued on my merry way...until I more carefully reread the rules.

I originally had thought that the "flat line" of 2 to 4 minutes worth of candles meant each candle could not exceed 2 pips. True enough...I did that...but then it dawned on me that the maximum 2 pip rule means that the 2 to 4 minutes worth of candles as a group cannot exceed the 2 pip excursion.

Well, at least yy blundering was more successful than anything else I've tried for this week! LOL

Any other blunderers out there?
  • #66
  • Jul 24, 2008 2:06pm Jul 24, 2008 2:06pm
Technically, this system works. FXDD is a good broker for this scalping method.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #67
  • Jul 24, 2008 2:35pm Jul 24, 2008 2:35pm
I trade with Oanda because their EUR/USD broker spread is just .9 pip most of the time with a max of 2.5

Oanda has a great platform to trade. You can preprogram your lot size, stop loss and take profit, so that in the wee hours of the trading day, all you have to do is click on Buy or Sell and click once more on submit, and your order is placed immediately. I don't know of any broker's platform that is as trader-friendly.

Please don't confuse Oanda's trading platform with their charts. The charts leave a "lot" (pun intended) to be desired. Then again, with the Virus System (no indicators necessary), their 5 second and 1 minute charts are great!
  • #68
  • Jul 24, 2008 2:39pm Jul 24, 2008 2:39pm
Quoting Bobcat2
I trade with Oanda because their EUR/USD broker spread is just .9 pip most of the time with a max of 2.5

Oanda has a great platform to trade. You can preprogram your lot size, stop loss and take profit, so that in the wee hours of the trading day, all you have to do is click on Buy or Sell and click once more on submit, and your order is placed immediately. I don't know of any broker's platform that is as trader-friendly.

Please don't confuse Oanda's trading platform with their charts. The charts leave a "lot" (pun intended) to be desired. Then again, with the Virus System (no indicators necessary), their 5 second and 1 minute charts are great!
I can't really say the same thing about the standard metatrader order-entry screen, but I do have a workaround.

I went to www.ultimarc.com and built myself a trading keyboard similar to this: http://www.access-is.com/enlarge_48_...m_keyboard.php

Each button on my keyboard is mapped to a metatrader script, so my BUY, SELL, and CLOSEALL commands are executed far faster.
  • #69
  • Jul 24, 2008 2:59pm Jul 24, 2008 2:59pm
Quoting billbss
I manually checked the results of this system for last night.
I used a 1M chart. I looked for at least 2 consecutive bars with a total range of no more than 2 pips that were followed by a 4 pip breakout. This would be the same as using a 5 sec chart with the rules of post#1.
I began at 0600 GMT and ended at 12:48 GMT.

I placed a 7 pip TP and a 7 pip SL.

Results
13W - 5L

To capture all of these wins would have required having multiple positions, at times.
In other words a trade would develop before the TP was hit on an existing trade. Both trades went on to hit TP.

4 pip breakout on 1 M chart means 4 pip jump or drop in 1 minute, while Tony looks for 4 pip jump or drop in 5 sec.
  • #70
  • Jul 24, 2008 3:01pm Jul 24, 2008 3:01pm
Well, I guess you need a rolling price...I'll have to look into this part.
  • #71
  • Jul 24, 2008 8:12pm Jul 24, 2008 8:12pm
Hey Tony, what are the MA's on your chart and how do you use them, if at all?
  • #72
  • Jul 24, 2008 11:41pm Jul 24, 2008 11:41pm
MA's are: WMA 20, 30, 40, (+10 increment ) until WMA 160. I use them to help me visually.
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Invest in alarm clocks
  • #73
  • Jul 26, 2008 3:57am Jul 26, 2008 3:57am
RR i have a question about the EA u made on this wonderfull forum
in the discription of your EA you wrote that the minum of bars for the range were 6....but if we are trading on the minute bars and when i follow the rules of the virus system shouldnt we change the bars to 4? in the rules it said we have to wait about 4 minutes right?

gonna try it on a demo account starting monday.....btw does anybody know when the best times are for trading this virus system?...
asian session london session newyork session?

thank you
  • #74
  • Jul 26, 2008 4:58am Jul 26, 2008 4:58am
Hey, this system sounds like ineffective: you sit in front of computer screen for a couple for hours trying not to miss ALL THE TIME necessary pattern... And in fact you can win something like 80 pips.

I'm afraid this system can bring real money only with a HUGE amount of money. But don't forget that with the same money with another systems you can trade more effectively!
  • #75
  • Jul 26, 2008 5:18am Jul 26, 2008 5:18am
Well i dont know about you, but i would sit my a** off all the day for 80 pips
Please lengthen your message to at least 1 characters.
  • #76
  • Edited 10:19am Jul 26, 2008 8:14am | Edited 10:19am
Quoting hollandpippin
RR i have a question about the EA u made on this wonderfull forum
in the discription of your EA you wrote that the minum of bars for the range were 6....but if we are trading on the minute bars and when i follow the rules of the virus system shouldnt we change the bars to 4? in the rules it said we have to wait about 4 minutes right?

gonna try it on a demo account starting monday.....btw does anybody know when the best times are for trading this virus system?...
asian session london session newyork session?

thank you
London session is the best time for this system.

Yes, the original author said 4 minutes. He also said 5 sec 4 pip breakout. I'm still working on the second part. Since the EAs work on tick data, I'm not sure how I can reliably capture each second's price. So, to compensate, I let it run amok, and saw what type of breakouts worked.

The optimizer chose 6 bars, go figure.
  • #77
  • Jul 26, 2008 1:35pm Jul 26, 2008 1:35pm
Tony,

About how many pips are you pulling per day on average? I know you said there are about 10 opps per day, but just seeing what kind of pip averages you are getting. Thanks!
Life is too short to have anything but delusional notions about yourself.
  • #78
  • Jul 26, 2008 3:28pm Jul 26, 2008 3:28pm
Quoting Ronald Raygun
London session is the best time for this system.

Yes, the original author said 4 minutes. He also said 5 sec 4 pip breakout. I'm still working on the second part. Since the EAs work on tick data, I'm not sure how I can reliably capture each second's price. So, to compensate, I let it run amok, and saw what type of breakouts worked.

The optimizer chose 6 bars, go figure.
ok thanks for the answer ronald i will leave the EA unchanged then
  • #79
  • Jul 30, 2008 12:08am Jul 30, 2008 12:08am
You can trade smaller breakouts....

History keeps repeating itself, money keeps piling up
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Invest in alarm clocks
  • #80
  • Jul 30, 2008 12:31am Jul 30, 2008 12:31am
I'm pulling 30 pips on average a day but very steady
Invest in alarm clocks
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