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The simple stupid system

  • #661
  • Sep 3, 2008 10:12am Sep 3, 2008 10:12am
Quoting mmx
Dear Wahnone, Thanks a lot for your sharing, I will appreciate it if describe your final system. Thanks
The system remains the same. The only change is that dinapoli stoch is no more neccessary and so it as been removed. Still trying to fine tune the signals with laguerre and a couple other indicators though.
  • #662
  • Sep 3, 2008 12:58pm Sep 3, 2008 12:58pm
Wahnone,

I like your system, thanks for sharing with us!

Question, are you using a trend finder? For example a
Sma 89 or Sma 50 or Sma 32? Not to trade against.

I'am kinda confused about trend finders. I can't decide
if we should use one or not? Do you recommend that
we use a Sma as a trend finder or not use one?

Thanks for all your help!!! Very nice system!!!

snarlyjack
  • #663
  • Sep 3, 2008 1:10pm Sep 3, 2008 1:10pm
Quoting snarlyjack
Wahnone,

I like your system, thanks for sharing with us!

Question, are you using a trend finder? For example a
Sma 89 or Sma 50 or Sma 32? Not to trade against.

I'am kinda confused about trend finders. I can't decide
if we should use one or not? Do you recommend that
we use a Sma as a trend finder or not use one?

Thanks for all your help!!! Very nice system!!!

snarlyjack
It absolutely depends on you. The system on its default doesn't use any trend finders, but if you feel they are neccessary, then good luck with it, since all we want is a way to make more pips.
  • #664
  • Sep 3, 2008 3:01pm Sep 3, 2008 3:01pm
Quoting Wahnone
The system remains the same. The only change is that dinapoli stoch is no more neccessary and so it as been removed. Still trying to fine tune the signals with laguerre and a couple other indicators though.
Hi Wahnone, nice Simple System
Once you have settled on what indicators your going to use can you update the first post with your new final simple system?

Thank you
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #665
  • Sep 3, 2008 10:00pm Sep 3, 2008 10:00pm
how have your results been using this system?
thanks!
  • #666
  • Sep 4, 2008 2:16am Sep 4, 2008 2:16am
Wahnone,
Thanks for the nice system, have been playing with it for a week now
What is your feeling about the laguerre? Mind sharing some insight on how to incorporate into the system?

Houston

Quoting Wahnone
The system remains the same. The only change is that dinapoli stoch is no more neccessary and so it as been removed. Still trying to fine tune the signals with laguerre and a couple other indicators though.
Happy Trading! Houston
  • #667
  • Sep 4, 2008 1:22pm Sep 4, 2008 1:22pm
Quoting houstonn
Wahnone,
Thanks for the nice system, have been playing with it for a week now
What is your feeling about the laguerre? Mind sharing some insight on how to incorporate into the system?

Houston
Ya the laguerre is a good nice indicator. I don't use it because according to how it's used, you may not get into some proper setups, or get whipsawed cos its a bit too choppy for my liking. Thats my opinion though, it might work for you.
  • #668
  • Sep 4, 2008 1:25pm Sep 4, 2008 1:25pm
Quoting rogerdoger
how have your results been using this system?
thanks!
Godd on the average. Manually, I look to make 1000-1500 pips per month with this system. Only attained 60% success rate though...
  • #669
  • Sep 5, 2008 4:10am Sep 5, 2008 4:10am
Quoting Wahnone
Godd on the average. Manually, I look to make 1000-1500 pips per month with this system. Only attained 60% success rate though...
my success rate trading on 1h and confirming on 4h is being about 85%
amazing system! thanks again
  • #670
  • Sep 5, 2008 4:19am Sep 5, 2008 4:19am
Quoting ingridk
my success rate trading on 1h and confirming on 4h is being about 85%
amazing system! thanks again
Hi Ingridk,

Which pairs are you trading?
How do you trade on 1hr and confirm on 4hrs TF?

Thank you Ingridk could you please explain a bit.

Thnak you - pete
  • #671
  • Sep 5, 2008 5:39am Sep 5, 2008 5:39am
Quoting pete.alfa
Hi Ingridk,

Which pairs are you trading?
How do you trade on 1hr and confirm on 4hrs TF?

Thank you Ingridk could you please explain a bit.

Thnak you - pete
hi pete!
well,i'm trading with: usd/jpy , eur/jpy, eur/usd, usd/chf, nzd/usd, usd/cad
I am trading on 1h tf confirming on 4h timeframes
the 4h timeframe keep me out of bad trades!
http://img411.imageshack.us/img411/7684/fal2si3.jpg


i'm also using elliot wave oscillator to help me to dont exit early,exit early was being my biggest mistake

i hope it helps you
regards
Attached File(s)
File Type: mq4 Elliott Wave Oscillator.mq4   2 KB | 467 downloads
  • #672
  • Sep 5, 2008 8:57am Sep 5, 2008 8:57am
Hello guys. I came across this Synergy trading method by Dean Malone and that's why I have become a bit quiet on posting in this thread. I saw the traders dynamic index indicator (TDI), it is really a good and a all in one indicator that shows most market conditions.
Description
Green line must be above red line, yellow line, and 50 level for a buy. Vise versa for a sell.
I want us to take a look and see which is better between this TDI and the mometum. I have attached a chart with the indicator at its default setting and the indicator itself. Let's check it out...

Happy pippin' to us all.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: tdi sell.gif Size: 27 KB
Click to Enlarge Name: tdi buy.gif Size: 28 KB
Attached File(s)
File Type: ex4 Traders_Dynamic_Index.ex4   5 KB | 599 downloads
  • #673
  • Sep 5, 2008 10:54am Sep 5, 2008 10:54am
^^
it seems like you don't need the 50 line to get in. l quickly looked at some charts and you would have missed large pip movements. why not just trade when the green line is above the other two.
  • #674
  • Sep 5, 2008 10:56am Sep 5, 2008 10:56am
Quoting sed34
^^
it seems like you don't need the 50 line to get in. l quickly looked at some charts and you would have missed large pip movements. why not just trade when the green line is above the other two.
The problem with taking this approach is getting stung badly when the market is stuck in a trading range. Yes, you miss the first pips of a move, but waiting for 50 to be crossed keeps you out of an awful lot of bad trades.
  • #675
  • Sep 5, 2008 11:06am Sep 5, 2008 11:06am
upon further analysis. isn't the green line is just the rsi. There have been so many strategies that call for a buy above 50 and a sell below. how do you avoid whipsaw? when the green crosses below the red you would get out to take profit? and re-enter if it crosses above the red again?
  • #676
  • Sep 5, 2008 3:18pm Sep 5, 2008 3:18pm
I don't have the "TDI" indicator. However, I use the
RSI set at 8 with 56 and 44 support levels. When the RSI is trading
between the 56 and 44 levels the market is thrashing around and I
don't trade.

I trade the "e-mini dow", $5.00 per point using 15 period
range charts. This system is timing the dow very closely.

I'am a scalper and when the ema 5 crosses the ema 8 and the
rsi goes above 56 or below 44 levels, I'll enter the market and watch it
very closely. If it starts moving against me, 4 or 5 points,
$20.00 or $25.00 dollars I'll liquidate. I'll keep the trade on entil
it moves against me.

I like the rsi 8 better than the momentum 10 indicator.

I hope this helps someone...

snarlyjack
  • #677
  • Sep 5, 2008 3:26pm Sep 5, 2008 3:26pm
Quoting snarlyjack
I don't have the "TDI" indicator. However, I use the
RSI set at 8 with 56 and 44 support levels. When the RSI is trading
between the 56 and 44 levels the market is thrashing around and I
don't trade.

I trade the "e-mini dow", $5.00 per point using 15 period
range charts. This system is timing the dow very closely.

I'am a scalper and when the ema 5 crosses the ema 8 and the
rsi goes above 56 or below 44 levels, I'll enter the market and watch it
very closely. If it starts moving against me, 4 or 5 points,
$20.00 or $25.00 dollars I'll liquidate. I'll keep the trade on entil
it moves against me.

I like the rsi 8 better than the momentum 10 indicator.

I hope this helps someone...

snarlyjack
good info. i have to check it out. i keep reading about the 50 line to buy or sell. what does the 56 and 44 do about whipsaw?
  • #678
  • Sep 5, 2008 3:52pm Sep 5, 2008 3:52pm
A lot of times the RSI will go above the 50% line then whip back
down. It seems the RSI will bounce around the 50 line. A little above it
and a little below it. In my opinion if your making your buys/sells at
the 50% line, your going to get chopped-up.

However, if you let "momentum" work in your favor. (A shot fired
from a cannon seems to keep moving in that direction). So when
the RSI moves through the 50% line and keeps going through
the 56 line it will for the most part, keep moving in that direction.
Or, through the 50% line and keeps going through the 44 line it will
for the most part keep going.

A lot of times the RSI will chop between the 44-50-56 levels.
(chop zone or equal area) but once outside of these lines it will
make a good move. But you still have to watch it and manage the
position.

snarlyjack
  • #679
  • Sep 5, 2008 4:18pm Sep 5, 2008 4:18pm
Snarly, I use a similar method, plus an mtf stoch. Do you scalp on the 5M or 15M?

PQ
  • #680
  • Edited 7:26pm Sep 5, 2008 7:10pm | Edited 7:26pm
Quoting snarlyjack
A lot of times the RSI will go above the 50% line then whip back
down. It seems the RSI will bounce around the 50 line. A little above it
and a little below it. In my opinion if your making your buys/sells at
the 50% line, your going to get chopped-up.

However, if you let "momentum" work in your favor. (A shot fired
from a cannon seems to keep moving in that direction). So when
the RSI moves through the 50% line and keeps going through
the 56 line it will for the most part, keep moving in that direction.
Or, through the 50% line and keeps going through the 44 line it will
for the most part keep going.

A lot of times the RSI will chop between the 44-50-56 levels.
(chop zone or equal area) but once outside of these lines it will
make a good move. But you still have to watch it and manage the
position.

snarlyjack
Hi jack,

I think it's very good info I'll check it out. And I also like 4-5 pips SL.

By the way which pairs & TF are you trading?

Thanks for sharing

Pete
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