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Virus System

  • #101
  • Aug 13, 2008 12:55pm Aug 13, 2008 12:55pm
This system works pretty well! I had 4/4 trade doing the 4min consolidation breakout strategy. Only problem is that oanda won't allow scalping even though this is a breakout/scalping system.
  • #102
  • Aug 13, 2008 12:58pm Aug 13, 2008 12:58pm
Why not scale up the TF?

Instead of using 5 sec charts, why not up to 1M charts and adjust the ranges accordingly.
  • #103
  • Aug 13, 2008 2:15pm Aug 13, 2008 2:15pm
Quoting Vfforexlee
This system works pretty well! I had 4/4 trade doing the 4min consolidation breakout strategy. Only problem is that oanda won't allow scalping even though this is a breakout/scalping system.
You will not have any problem trading this system or any other normal trading at Oanda.
They allow all types of normal honest trading.

Arctic4x
  • #104
  • Aug 13, 2008 4:35pm Aug 13, 2008 4:35pm
Ronald, scaling up, it will be difficult to get an "explosive" proportionate breakout. On the 5 sec chart a 4-5 pip breakout is instant... and you would be looking for a 30 pip instant breakout? When I look for the breakout, it happens in a matter of split seconds and that's what I'm looking for. You could almost feel the force pulling the price up or down...
Invest in alarm clocks
  • #105
  • Aug 13, 2008 4:38pm Aug 13, 2008 4:38pm
Lee, why do you say they don't allow that, how do you think i'm eating
Invest in alarm clocks
  • #106
  • Aug 13, 2008 7:38pm Aug 13, 2008 7:38pm
Quoting Tony112
Ronald, scaling up, it will be difficult to get an "explosive" proportionate breakout. On the 5 sec chart a 4-5 pip breakout is instant... and you would be looking for a 30 pip instant breakout? When I look for the breakout, it happens in a matter of split seconds and that's what I'm looking for. You could almost feel the force pulling the price up or down...
I understand that it won't be the instant 5 second trade.

Scaling up, I would expect a large continuous burst. Time isn't what matters as you scale up, it's continuity. How long does the price move in one direction before retracing? That's what I would care most about as I scaled up.

Many of the users on this forum use MT4, and I'm just trying to figure out how to accommodate.
  • #107
  • Aug 26, 2008 9:28pm Aug 26, 2008 9:28pm
Ronald and people, I want you to tell me what you think about this. This to me is gold. I switched to higher time-scales. (5M). Today is august 27. Since 2 months, I've been flying with this method. October is coming, I hope to get my little present soon
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  • #108
  • Aug 26, 2008 9:35pm Aug 26, 2008 9:35pm
At first, people did not like the idea of a 5 sec CHART with 5 pip breakout. I understand.... it takes a lot of patience. For me it worked. I now tried and tested 5 min charts. You see an example below. Ranging must be in 10 pips range and then you see a HUGE breakout. Don't worry your eyes will notice it. If anyone wants to take advantage of this simple method, I could almost give you a guarantee that it will work at a very hight rate. Specially if you set your profit along the 160 WMA ( very hight profits). Anyways, try it if you want. I am winning at this game now, that's all I will say. Good luck
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  • #109
  • Aug 26, 2008 10:24pm Aug 26, 2008 10:24pm
tony i've traded this way for almost 2 years.... my strategy is a lot similar to this and i think its great work that you made the discovery.

just keep in mind.... there are several other strategies like this that work well too.... if you have the patience to experiment.
  • #110
  • Aug 26, 2008 10:37pm Aug 26, 2008 10:37pm
Tony, on this new 5M version about how long are you looking for price to stay in the range of 10 pips before looking for the breakout? Thanks
  • #111
  • Aug 26, 2008 10:50pm Aug 26, 2008 10:50pm
I don't have a fixed time for ranging. Basically, long enough for my eyes to catch it... it becomes so obvious. But i would say about 1 hour on a 5 min chart...
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  • #112
  • Aug 26, 2008 10:53pm Aug 26, 2008 10:53pm
here's a free nugget (you can test it out yourself...)

these type of "virus" trades (as you call them) work better when breaking in the direction of the overall trend. i use an RSI(96) on the hourly timeframe to confirm.... +50 is go for long, -50 for shorts....
  • #113
  • Aug 26, 2008 10:53pm Aug 26, 2008 10:53pm
tdion, thank you. This method is simple and very effective. I will keep the thread posted with numbers in the weeks to come. Let's see how many 0 digits I can add to my bank receipt
Invest in alarm clocks
  • #114
  • Aug 27, 2008 4:26am Aug 27, 2008 4:26am
Well, I did release an EA which will work for any timeframe, so those interested are welcome to use it. As for the breakout with a trend...

There is a setting in Metatrader which allows you to restrict EAs to long-only or short-only trades.
  • #115
  • Aug 27, 2008 5:00am Aug 27, 2008 5:00am
witch pairs do you watch ?
just saw one break out on eurusd..if it counts..
price was ranging 10-13 pips for 45 min then a 10 pip spike.
how many do you get a day ?
StopLoss is for none belivers... Trust the Gurus..
  • #116
  • Aug 30, 2008 3:53pm Aug 30, 2008 3:53pm
Tony, besides EUR/USD have you thought about trying other low spread currency pairs as well? If you have a good win rate which has been consistent over a lengthy period of time on EUR/USD then it could work just as well on other pairs too.

More pairs = more setup opportunities = more $$$
  • #117
  • Aug 30, 2008 3:56pm Aug 30, 2008 3:56pm
not so fast...

not all currencies are the same. the virus is great for EURUSD because that is a characteristic of the EURUSD to go into trend continuation with a virus breakout....

but the same can't be said for USDJPY, GBPUSD, etc...

Quoting a777
Tony, besides EUR/USD have you thought about trying other low spread currency pairs as well? If you have a good win rate which has been consistent over a lengthy period of time on EUR/USD then it could work just as well on other pairs too.

More pairs = more setup opportunities = more $$$
  • #118
  • Aug 30, 2008 5:58pm Aug 30, 2008 5:58pm
Quoting tdion
not so fast...

not all currencies are the same. the virus is great for EURUSD because that is a characteristic of the EURUSD to go into trend continuation with a virus breakout....

but the same can't be said for USDJPY, GBPUSD, etc...
hmmm I have noticed this too but not yet thought of a way to trade it like these virus breakouts. Interesting
  • #119
  • Aug 30, 2008 6:50pm Aug 30, 2008 6:50pm
maybe reversals.... but not much research here has been done.
  • #120
  • Aug 30, 2008 6:57pm Aug 30, 2008 6:57pm
Quoting tdion
here's a free nugget (you can test it out yourself...)

these type of "virus" trades (as you call them) work better when breaking in the direction of the overall trend. i use an RSI(96) on the hourly timeframe to confirm.... +50 is go for long, -50 for shorts....
Sage advice, Tdion...thanks for posting!
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