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Attachments: .SI4 for GBP/JPY & EUR/JPY
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.SI4 for GBP/JPY & EUR/JPY

  • #341
  • May 8, 2008 8:33am May 8, 2008 8:33am
And .003 seems to work best on the 15 minute charts. I'll post these details on the website later today.
Capital Preservation is key to long term wealth accumulation
  • #342
  • May 10, 2008 9:15am May 10, 2008 9:15am
Appreciate the info MuddBuddha!
  • #343
  • May 10, 2008 9:19am May 10, 2008 9:19am
MuddBuddha's site is now in six languages...the world loves you...and no ads - incredible!
  • #344
  • May 10, 2008 9:57am May 10, 2008 9:57am
Hey, in case anyone is interested, FXCM is now providing MT4 downloads. No demo yet, however.

This works out well as my FT SRV (free) subscription was dependent on the # of trades per month on my FXCM account.
Capital Preservation is key to long term wealth accumulation
  • #345
  • May 12, 2008 11:20am May 12, 2008 11:20am
Here are the .tpls' for the 5, 15, and 30 minute time frames. Of all, the 15 is my favorite to trade from.

These templates rely on you having the Ravi installed. It can be found from the website if you need it.
Attached File(s)
File Type: zip trendchaserfx_multi_period_tpls.zip   2 KB | 831 downloads
Capital Preservation is key to long term wealth accumulation
  • #346
  • May 12, 2008 11:42am May 12, 2008 11:42am
Here is the RAVI FX Fisher indicator.

TimeFreedom
Attached File(s)
File Type: mq4 RAVI FX Fisher.mq4   3 KB | 602 downloads
  • #347
  • May 14, 2008 8:30am May 14, 2008 8:30am
Here's a small variation of the TrendChaserFX template on the 15 minute chart. It has the "trend guard" concept that I had on the .SI4 files for FT SRV.

Basically, the trend guard indicates the intermediate trend direction via two higher deviation lines (envelopes), while the shorter deviation indicates entry points; the most proffitable and safest obviously being in the direction of the intermediate trend.

Again, it relies on the use of the Ravi, or your choice of secondary confirmation indicators. You can grab the Ravi from TimeFreedoms post up above.
Attached Image (click to enlarge)
Click to Enlarge Name: trend guard gif.gif Size: 22 KB
Attached File(s)
File Type: zip trendchaserfx_15min.zip   < 1 KB | 880 downloads
Capital Preservation is key to long term wealth accumulation
  • #348
  • May 19, 2008 5:59pm May 19, 2008 5:59pm
For those using FT SRV, I contacted Carlos to see if he could help out with getting the RAVI for FT. Hopefully he'll be kind and pop out the coded indicator.
Capital Preservation is key to long term wealth accumulation
  • #349
  • May 23, 2008 8:05am May 23, 2008 8:05am
Quick note:

The SRV version of TrendChaserFX works great on the 15-75-225 chart of the GBP/USD.

I've posted the results below. It profits as much as the 30 minute chart, yet seems to take much fewer trades and doesn't wake you up at all hours of the night like you think it would being on the 15 minute time frame.

With the market being in a somewhat uncertain mode Vs. the $$, I would ensure all positions are closed out by EOD.
Attached Images
Capital Preservation is key to long term wealth accumulation
  • #350
  • Aug 8, 2008 4:38am Aug 8, 2008 4:38am
Hi MuddBuddha,

Looks like an interesting system; why no recent posts?

I have PM'd you about it.

All the best,

gtrade.
  • #351
  • Aug 8, 2008 11:40am Aug 8, 2008 11:40am
Not a whole lot to report. System is performing nicely. I'm trading is on the DAILY charts as I've been swamped at work. So with the DAILYs I rarely have to check the charts but once or twice a day and typically wait till close.

I haven't really been following the news whatsoever, which could be the reason the system has been doing so well! Don't need those silly fundamentals clouding my techie mind!

Here's a screen of my current set up on the DAILYs.

You can see I'm well up on the GBP/USD and have two good positions on the EUR/USD and AUD/USD. The AUD is a second entry trade. I had taken 220ish pips on that chart a couple of days ago and then got re-entered on the continuation.
Attached Image (click to enlarge)
Click to Enlarge Name: current layout.jpg Size: 269 KB
Capital Preservation is key to long term wealth accumulation
  • #352
  • Aug 9, 2008 10:35am Aug 9, 2008 10:35am
Hi MuddBhudda,

Thanks for replying to my post & PM; I genuinely appreciate it!

Apart from the Ravi FX Fisher, I don't recognise the other indicator(s); is one TrendEnvelopes?

If you could list the indicators and preferred settings for the daily TF that would be great.
Are you entering purely on RaviFx or a combination of both indicators? And how are you calculating your stop. I think you said your TP was partly discretionary but also on a reverse signal.
I'm looking for day system and hopefully this may be it!

Thanks for your help, mate.

gtrade.
  • #353
  • Aug 10, 2008 6:12pm Aug 10, 2008 6:12pm
"Apart from the Ravi FX Fisher, I don't recognise the other indicator(s); is one TrendEnvelopes?"

Yes, it's the TrendEnvelopes indicator.

"If you could list the indicators and preferred settings for the daily TF that would be great."

I'm using just the TrendEnvelopes and the RAVI. The deviation for the DAILY, I've set at .04.

"Are you entering purely on RaviFx or a combination of both indicators? And how are you calculating your stop"

I wait for a signal from the TrendEnvelopes and verify the signal with RAVI. RAVI should be on the south side for a TE SHORT and vice versa. My STOP is a reversal of the TE.

You can take multiple positions rather than holding one position for an extended period by closing your position on a reversal and cross of the RAVI and then placing a entry order about 50 pips above/below the current price going in the direction of the TE>

Fairly straightforward.

Let me know if that didn't make too much sense.
Capital Preservation is key to long term wealth accumulation
  • #354
  • Aug 10, 2008 10:33pm Aug 10, 2008 10:33pm
hi
do you mean you wait for a candle to close above the green trend envelop with ravi crossing above the upper line to enter a long ?
do you find this way more profitable than the first variation?
regards and thanks
  • #355
  • Aug 11, 2008 8:24am Aug 11, 2008 8:24am
Yes. You can see from this chart that I have the "USE ALERT" value set to 1 to signal an alarm window whenever price closes past the TE line going in either direction.

The RAVI should already be going in the direction of the trade and on the side of the trade. If not, then I don't take it. That filters out the chops and spikes.....most of the time.

"do you find this way more profitable than the first variation?"

Well, profitability is relative to market conditions. There are times when the 30 minute or 5 minute variations are just kicking ass and pulling it in and then the pair will go through a transition and you'll loss one after another. The 5 seemed more profittable than the 30 if you adjusted to trading during the peak hours and didn't get crazy stupid. But you also need the time to sit in front of the PC and watch consistently. T

The daily charts have been doing really well and I've been enjoying them. You can see three good shorts on the GBP/JPY aroundl ate July, early November, and then a brief one in mid February. The current up swing looks like a dead bounce and hopefully we will see a return to the downside as the RAVI is already there.
Attached Image (click to enlarge)
Click to Enlarge Name: current layout2.gif Size: 22 KB
Capital Preservation is key to long term wealth accumulation
  • #356
  • Aug 11, 2008 12:44pm Aug 11, 2008 12:44pm
Thanks MuddBhudda.

Just checking:
TREND ENV V3
DEFAULT SETTINGS APART FROM DEVIATION = 0.04 AND USE ALERT= 1
RAVIFX FISHER
DEFAULT SETTINGS

NOTHING ELSE.

Thanks again,

Gray



Quoting MuddBuddha
"Apart from the Ravi FX Fisher, I don't recognise the other indicator(s); is one TrendEnvelopes?"

Yes, it's the TrendEnvelopes indicator.

"If you could list the indicators and preferred settings for the daily TF that would be great."

I'm using just the TrendEnvelopes and the RAVI. The deviation for the DAILY, I've set at .04.

"Are you entering purely on RaviFx or a combination of both indicators? And how are you calculating your stop"

I wait for a signal from the TrendEnvelopes and verify the signal with RAVI. RAVI should be on the south side for a TE SHORT and vice versa. My STOP is a reversal of the TE.

You can take multiple positions rather than holding one position for an extended period by closing your position on a reversal and cross of the RAVI and then placing a entry order about 50 pips above/below the current price going in the direction of the TE>

Fairly straightforward.

Let me know if that didn't make too much sense.
  • #357
  • Aug 11, 2008 1:12pm Aug 11, 2008 1:12pm
Thanks MuddBhudda.

I think I've got it but just to make sure would you be so kind as to post a chart showing entry/TP/stop and re-entry (as in ANSWER 3b below).

Thanks,

Gray.

--------------------------------------

Quoting MuddBuddha
"Apart from the Ravi FX Fisher, I don't recognise the other indicator(s); is one TrendEnvelopes?"

1/ Yes, it's the TrendEnvelopes indicator.

"If you could list the indicators and preferred settings for the daily TF that would be great."

2/ I'm using just the TrendEnvelopes and the RAVI. The deviation for the DAILY, I've set at .04.

"Are you entering purely on RaviFx or a combination of both indicators? And how are you calculating your stop"

3a/ I wait for a signal from the TrendEnvelopes and verify the signal with RAVI. RAVI should be on the south side for a TE SHORT and vice versa. My STOP is a reversal of the TE.

3b/ You can take multiple positions rather than holding one position for an extended period by closing your position on a reversal and cross of the RAVI and then placing a entry order about 50 pips above/below the current price going in the direction of the TE>

Fairly straightforward.

Let me know if that didn't make too much sense.
  • #358
  • Aug 11, 2008 3:43pm Aug 11, 2008 3:43pm
Quoting gtrade
Thanks MuddBhudda.

Just checking:
TREND ENV V3
DEFAULT SETTINGS APART FROM DEVIATION = 0.04 AND USE ALERT= 1
RAVIFX FISHER
DEFAULT SETTINGS

NOTHING ELSE.

Thanks again,

Gray
Yeah, that's what I have. Except on the GBP/USD, I have the deviation at .05.
Capital Preservation is key to long term wealth accumulation
  • #359
  • Aug 11, 2008 3:52pm Aug 11, 2008 3:52pm
The TP is subjective. I typically close on the RAVI bottoming out and then place re-entry orders about 50 pips going in the same direction.

I've posted the AUD/USD showing entries and which ones lined up with the RAVI and which ones didn't. A couple could have been good trades anyway, but the pair had become vary choppy. It is what it is.

The circles are trades, the squares are bad areas.
Attached Image (click to enlarge)
Click to Enlarge Name: current layout2.jpg Size: 79 KB
Capital Preservation is key to long term wealth accumulation
  • #360
  • Aug 12, 2008 5:52am Aug 12, 2008 5:52am
Thanks MuddBhudda; it's a great help.

Would you mind showing where you exited the trades ( RAVI bottoming out) and when you say:

RAVI bottoming out and then place re-entry orders about 50 pips going in the same direction.

Do you mean in the opp direction to the orig trade that you exited (bottomed out)or in the same direction as the orig trade? Please show on the chart as it makes it a lot easier to grasp.

Sorry for all the questions!

Thanks,

Gray.


Quoting MuddBuddha
The TP is subjective. I typically close on the RAVI bottoming out and then place re-entry orders about 50 pips going in the same direction.

I've posted the AUD/USD showing entries and which ones lined up with the RAVI and which ones didn't. A couple could have been good trades anyway, but the pair had become vary choppy. It is what it is.

The circles are trades, the squares are bad areas.
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