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Sonic System!!

  • #1,181
  • Aug 5, 2008 12:30am Aug 5, 2008 12:30am
Quoting Maxoxide
i guess at least youve got 2 lots in ur pocket right?

dont take that trade cause got home late.

open EUR/USD 1st lot closed, now +34 pips
AUD/USD 1st lot closed, now +42 pips
USD/CHF still running +10 pips

looks like till today all the signal come out great mate and the market doin our favor.

Max
Haha,,guess what Max,,I miss all..
I am busy @ work ..man
No time to monitor,,,,
I still have ,my short on AUD/USD since last week.... 100 pips + i suppose...


sonic
  • #1,182
  • Aug 5, 2008 5:39am Aug 5, 2008 5:39am
Quoting sonicdeejay
I still have ,my short on AUD/USD since last week.... 100 pips + i suppose...

sonic
it is +216 pips...
  • #1,183
  • Aug 5, 2008 9:30am Aug 5, 2008 9:30am
Quoting sonicdeejay
it is +216 pips...
u're such rich boy huh..
great job bro...

*so far sonic give me light at dark cave
  • #1,184
  • Aug 5, 2008 10:32am Aug 5, 2008 10:32am
Quoting sonicdeejay
I am reading a book by Dr. Alxander Elder, borrowed from library (anyone has that ebook ? )

Review HERE


sonic
The book said 3M is important...

Mind :: Train ur mind of Greed and Fear
Method :: Sonic Indicator and keep on learning.
Money Management :: Sonic MM and keep on learning...

sonic
  • #1,185
  • Aug 5, 2008 10:58am Aug 5, 2008 10:58am
Hi sonic, max and the rest of the gang,
It has been long since my last post, but i always kept an open eye on this thread as sonic knows.
I did some back testing using V2.2 and i have something to share -
I found that once i get and signal from the indicator, i wait for the candle to close and place a pending order at the low of the candle if the signal was for short, or at the high of the candle if the signal for long.
This way i avoid the heart attack we face when the trade goes against us because must of the time it retraces before it goes in our direction.
It also helps avoiding false signals.
What do you think ?
Dani M.
Attached Image (click to enlarge)
Click to Enlarge Name: eu4h.gif Size: 24 KB
  • #1,186
  • Aug 6, 2008 8:53am Aug 6, 2008 8:53am
Quoting dan_mir
Hi sonic, max and the rest of the gang,
It has been long since my last post, but i always kept an open eye on this thread as sonic knows.
I did some back testing using V2.2 and i have something to share -
I found that once i get and signal from the indicator, i wait for the candle to close and place a pending order at the low of the candle if the signal was for short, or at the high of the candle if the signal for long.
This way i avoid the heart attack we face when the trade goes against us because must of the time it retraces before it goes in our direction.
It also helps avoiding false signals.
What do you think ?
Dani M.
I think u make a good and valuable suggestion...
Have u tired that method??
That b nice if u can help me wif some forward testing!!!

sonic
  • #1,187
  • Aug 6, 2008 9:27am Aug 6, 2008 9:27am
Quoting sonicdeejay
I think u make a good and valuable suggestion...
Have u tired that method??
That b nice if u can help me wif some forward testing!!!

sonic
Hi sonic,
I'm trading it live. UJ +80 pips since yesterdays signal.
I will do some more back testing, but must long TF methods require you to wait for the candle closure before taking a move. Placing the pending order is just my 2 cents.
BR,
Dani M.
  • #1,188
  • Aug 6, 2008 6:24pm Aug 6, 2008 6:24pm
Quoting dan_mir
Hi sonic,
I'm trading it live. UJ +80 pips since yesterdays signal.
Dani M.

thx dani...

sonic
Attached File(s)
File Type: pdf Daily Technical Startegist August 06 08.PDF   85 KB | 325 downloads
  • #1,189
  • Aug 7, 2008 5:05am Aug 7, 2008 5:05am
Hi,
Attached are the analyzed charts. the filter method rule was - "once you get a trade signal from sonics indicator,wait for the candle closure, place a pending order at the candles lowest price for a sell signal, or place a pending order at the candles highest price for a buy signal".
The charts were marked with the entry price, and a "V" symbol if the filter saved us of a false signal or if the trade was a successes.
If the filter failed and we entered a loser trade, it is marked with a "X" symbol.
I used 30 pips for 1'st TP & move SL to BE, and a 50 pips SL.
You can see the we have a winning system here.
Thanks sonic,
Dani M.
BTW, if i used 25 pips for 1'st TP & move SL to BE, we would have almost no losers at all.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: sonic ey filterd.gif Size: 23 KB
Click to Enlarge Name: sonic uch filterd.gif Size: 20 KB
Click to Enlarge Name: sonic uj filterd.gif Size: 22 KB
Click to Enlarge Name: sonic gu filterd.gif Size: 21 KB
Click to Enlarge Name: sonic au filterd.gif Size: 19 KB
  • #1,190
  • Aug 7, 2008 9:22am Aug 7, 2008 9:22am
Quoting dan_mir
Hi,
Attached are the analyzed charts. the filter method rule was - "once you get a trade signal from sonics indicator,wait for the candle closure, place a pending order at the candles lowest price for a sell signal, or place a pending order at the candles highest price for a buy signal".
The charts were marked with the entry price, and a "V" symbol if the filter saved us of a false signal or if the trade was a successes.
If the filter failed and we entered a loser trade, it is marked with a "X" symbol.
I used 30 pips for 1'st TP & move SL to BE, and a 50 pips SL.
You can see the we have a winning system here.
Thanks sonic,
Dani M.
BTW, if i used 25 pips for 1'st TP & move SL to BE, we would have almost no losers at all.
this is t rule???

Quote
I found that once i get and signal from the indicator, i wait for the candle to close and place a pending order at the low of the candle if the signal was for short, or at the high of the candle if the signal for long.



sonic
  • #1,191
  • Aug 7, 2008 11:37am Aug 7, 2008 11:37am
Quoting sonicdeejay
this is t rule???

sonic
I didn't understand your question. In my last 2 posts i used the same rule :

First post " I found that once i get and signal from the indicator, i wait for the candle to close and place a pending order at the low of the candle if the signal was for short, or at the high of the candle if the signal for long. "

Second post "once you get a trade signal from sonics indicator,wait for the candle closure, place a pending order at the candles lowest price for a sell signal, or place a pending order at the candles highest price for a buy signal".

Or you were asking about the MM?

Please clarify your Q.
BR
Dani M.
  • #1,192
  • Aug 7, 2008 2:05pm Aug 7, 2008 2:05pm
wooohoooo...thks a lot dany, ur observation about sonic signal is so great ..

make me feel im a super noob then compare to you sir..

i think it will be great sonic to test an EA based on that rule and still praying someone with super coding knowledge will help us

btw bout MM, i've already put SL at 50 pips since i guess if the price against us that much there is small chances will coming back in our favor, and if it will, its not gonna bring profit and then begin to retrace again .

so i choose to cut lose and let the EA open a new trade.

Max
  • #1,193
  • Edited 5:18pm Aug 7, 2008 4:54pm | Edited 5:18pm
Hi max my friend, long time not seen . . .

Quoting Maxoxide
wooohoooo...thks a lot dany, ur observation about sonic signal is so great ..
make me feel im a super noob then compare to you sir..
Please don't feel that way. Sometimes in life you have to be desperate or in a very bad situation, for things to set in place an create something new. I was really desperate latley because my trades were terrible and i lost a lot of money.
After chatting with sonic, I decided to give his system another try . I noticed that the basic rule that noble traders like jacko, James16, feb2865 and probably others use, was missing here - "Wait for the candle to close before taking a move". So many things can happen from the moment the indicator gives a signal till the closure on the candle, so i decided to wait.
The second thing i noticed from my bad trades lately was that i had the feeling you probably know - "Once i get in a trade, the market goes in the opposite direction". As i said, I was desperate. I even considered trying to trade in the opposite direction of my analysis because of the bad luck i had, but luckily, another quote came to me and it was "let the market come you instead of chasing the market" which lead me to the pending order idea.
So when putting thing together, I've reached the idea i posted earlier.

Quoting Maxoxide
btw bout MM, i've already put SL at 50 pips since i guess if the price against us that much there is small chances will coming back in our favor, and if it will, its not gonna bring profit and then begin to retrace again .
I agree with you, but the markets were so choppy lately that i can understand the 80 pips SL. As for myself, I cant afford such a big SL.

Now Max, please do something for me. Back test your trades (I hope you keep a log) and let me know how many of them were avoided (winners & losers) when using the filter i suggested.
BR
Dani M.
  • #1,194
  • Aug 7, 2008 9:49pm Aug 7, 2008 9:49pm
Oh..snap...
My AUD/USD short!! +428 pips now!!

Guys,I m very busy with my low-pay job...thesedays...

sonic
  • #1,195
  • Edited 3:43am Aug 8, 2008 3:31am | Edited 3:43am
Quoting dan_mir
After chatting with sonic, I decided to give his system another try . I noticed that the basic rule that noble traders like jacko, James16, feb2865 and probably others use, was missing here - "Wait for the candle to close before taking a move".
BR
Dani M.
Dear Dani,

Sonic Signal..based on the break out...

I kinda of worry that...will it be too late if we wait till the end of the candle...

and

Time Setting in the EA is play a part when come to filter bad trade...
IF you choose to set it to 30 min (the first 30 min of 4 HTF)...the trade will be taken if the signal is out withing first 30 min of the candle..

and

I am going to post the system in "system session" to attract more testers and coders...what do u think?


sonic
  • #1,196
  • Aug 8, 2008 6:11am Aug 8, 2008 6:11am
Quoting sonicdeejay
Dear Dani,
Sonic Signal..based on the break out...
I kinda of worry that...will it be too late if we wait till the end of the candle...
I am going to post the system in "system session" to attract more testers and coders...what do u think?
sonic
Hi DJ,
1. "sonic + breakout" is a nice way to name it, but unlike traditional breakout systems like 1-2-3, some times it is not the case. When you have a strong trend, you will have no retrace and enter a trade at market price once the new candle begins.
2. Entering late VS Risk. You know that many times the indicator re-paints itself during a 4H candle. I prefer to wait for a final clear signal, but this is me. You can let the traders decide what method they want to use.
3. Go ahead and post it, so much more people will enjoy your wonderful system.
I'm here if you need anything,
Dani M.
BTW, my live trading results are 6 win/be:1 lost in the last days. Winning system for me.
  • #1,197
  • Aug 9, 2008 2:31am Aug 9, 2008 2:31am
sorry dani, im afraid i cant doing some backtest cause i dont understand a bit bout that...

sorry cant help a lot and congrat for you winning record..awesome..
  • #1,198
  • Aug 9, 2008 4:51pm Aug 9, 2008 4:51pm
I will take this opportunity tech you a simple way for reviewing the trades you did and learn from them.
It is for MT4 users only, sorry but this is the trading system i work with.
OK,
1. Open your MT4 platform and go to the "Account History" tab.
2. Locate a trade you want to review and click the line in the log. the line should be highlighted now.
3. Open a chart of the same pair you want to analyze.
4. Drag and drop with your mouse the line from the "Account History" tab into the chart window.
5. What you get is a graphic view of the trade you took. A little arrow will show the candle and price you entered the trade, and little triangles will show the candle and exit points from the trade. You will also see a dotted line between these points.
6. Now that you have it in your chart, you can begin analyzing your trade. you can change the view to smaller time frames if you want to better understand the price action after entering the trade.
Please try it and you will thank me for this simple tip.
BR
Dani M.
Attached Image (click to enlarge)
Click to Enlarge Name: au4h.gif Size: 62 KB
  • #1,199
  • Aug 9, 2008 5:50pm Aug 9, 2008 5:50pm
Quoting dan_mir
I will take this opportunity tech you a simple way for reviewing the trades you did and learn from them.
It is for MT4 users only, sorry but this is the trading system i work with.
OK,
1. Open your MT4 platform and go to the "Account History" tab.
2. Locate a trade you want to review and click the line in the log. the line should be highlighted now.
3. Open a chart of the same pair you want to analyze.
4. Drag and drop with your mouse the line from the "Account History" tab into the chart window.
5. What you get is a graphic view of the trade you took. A little arrow will show the candle and price you entered the trade, and little triangles will show the candle and exit points from the trade. You will also see a dotted line between these points.
6. Now that you have it in your chart, you can begin analyzing your trade. you can change the view to smaller time frames if you want to better understand the price action after entering the trade.
Please try it and you will thank me for this simple tip.
BR
Dani M.
Hello Dani - thanks for sharing something that saves time in reviewing the good, the bad, and the ugly. It's amazing that there is never anything too 'obvious' when it comes to software in's and out's!

best,
xhanuman
  • #1,200
  • Aug 9, 2008 11:01pm Aug 9, 2008 11:01pm
Quoting dan_mir
I will take this opportunity tech you a simple way for reviewing the trades you did and learn from them.
It is for MT4 users only, sorry but this is the trading system i work with.
OK,
1. Open your MT4 platform and go to the "Account History" tab.
2. Locate a trade you want to review and click the line in the log. the line should be highlighted now.
3. Open a chart of the same pair you want to analyze.
4. Drag and drop with your mouse the line from the "Account History" tab into the chart window.
5. What you get is a graphic view of the trade you took. A little arrow will show the candle and price you entered the trade, and little triangles will show the candle and exit points from the trade. You will also see a dotted line between these points.
6. Now that you have it in your chart, you can begin analyzing your trade. you can change the view to smaller time frames if you want to better understand the price action after entering the trade.
Please try it and you will thank me for this simple tip.
BR
Dani M.
Thx Dani..

I too am reviewing the way to trade ..... I suggested earlier on...It is totally new/difference approach to me...
Again, Keep up the good work...and keep to forward analysis coming...


sonic
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