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Traffic Light System 378 replies

With a little help from our Expert Adviser friends ... - Paulus 10 replies

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Paulus - Traffic lights

  • #101
  • Sep 17, 2008 4:48am Sep 17, 2008 4:48am
what is wrong with you ?
for what you try show a losses trades in profit trades ?

With regular candles on the charts instead of Heiken Ashi Smooth it appears you are right 919 and it DID hit a stop loss. On the chart Paulus has he is using just the Heiken Ashi candles, and they do not show the downward spike that caused that trade to be a loser.

This is one reason I don't like the HA Smooth candles and therefore don't use them. I want a more 'accurate' picture of what price is doing than what they show.

My problem with your post was that, while English I'm assuming is not your first language, was rude and hostile, as though you are accusing Paulus of being a fraud and a fake.

I have followed Paulus in all of his threads, and I hold him in the highest regard! He has done nothing but try and help others, and when he screws up he admits it.

Instead of apparently accusing Paulus of being stupid and trying to put something over on us (which is what the tone of your post implies) it would be much less objectionable had you asked him to explain the discrepency between him showing the trade as a winner, and you showing it as a loser.

Give the man a chance to explain why instead of jumping to conclusions!
  • #102
  • Sep 17, 2008 5:03am Sep 17, 2008 5:03am
Quoting Flamenco143
what is wrong with you ?
for what you try show a losses trades in profit trades ?

With regular candles on the charts instead of Heiken Ashi Smooth it appears you are right 919 and it DID hit a stop loss. On the chart Paulus has he is using just the Heiken Ashi candles, and they do not show the downward spike that caused that trade to be a loser.

This is one reason I don't like the HA Smooth candles and therefore don't use them. I want a more 'accurate' picture of what price is doing than what they show.

My problem with your post was that, while English I'm assuming is not your first language, was rude and hostile, as though you are accusing Paulus of being a fraud and a fake.

I have followed Paulus in all of his threads, and I hold him in the highest regard! He has done nothing but try and help others, and when he screws up he admits it.

Instead of apparently accusing Paulus of being stupid and trying to put something over on us (which is what the tone of your post implies) it would be much less objectionable had you asked him to explain the discrepency between him showing the trade as a winner, and you showing it as a loser.

Give the man a chance to explain why instead of jumping to conclusions!
yes , you are right
I think paulus is a good man that try to help others , but my problem is :
i saw many times in paulus pic that he wrote +10 or +20 but when i go to my chart (Alpari that paulus use) see that those signal get stoped but paulus write +10 or +20 I dont understand for what paulus do this !!!

sorry for my english and using some bad words
  • #103
  • Edited 6:41am Sep 17, 2008 5:32am | Edited 6:41am
Quoting 919
yes , you are right
I think paulus is a good man that try to help others , but my problem is :
i saw many times in paulus pic that he wrote +10 or +20 but when i go to my chart (Alpari that paulus use) see that those signal get stoped but paulus write +10 or +20 I dont understand for what paulus do this !!!

sorry for my english and using some bad words
I appreciate your 'apology' and I'm sure Paulus will too. I'm not going to presume to know why he is showing those trades as winners. For some reason he has endorsed the use of the Heiken Ashi Smooth for scalping, and I know that he is using them also on his new daily/weekly trading system.

Like you, I would also like clarification. As I mentioned before, I don't like the HA Smooth candles because I've seen in the past prices spike 80 or 90 pips in one candle time frame, but the HA Smooth never showed it. And having the HA showing over regular candles is a visual nightmare for me. I'm aware of the advantages of HA Smooth and why some traders like them. They just don't work for me.

And by the way, your English is FAR better than my Farsi!
  • #104
  • Sep 17, 2008 12:37pm Sep 17, 2008 12:37pm
Hi Paulus,

Thanks for taking the time to share.
  • #105
  • Sep 17, 2008 12:54pm Sep 17, 2008 12:54pm
How long have you being trading with these system; two or tree days ? are you discipline with the rules? I am sure not. Well, I have been doing with this even before this tread began and I am sure this is one of the best systems for scalping in Forex Factory and all thank to Paulus. About that 7:45 signal it is clear like Paulus says it was a TP, what could happened is that you took the trade in the first candle in blue ( if began in red) when it was at the highest point but did wait until the next candle to do the buy. It is important to practice and make your questions in the tread, I am sure several people could help if you ask in the correct way. But finally if you are not comfortable here, you can go to other thread to place your rude comments.
  • #106
  • Sep 17, 2008 1:10pm Sep 17, 2008 1:10pm
Hi ... yes your right the winner is in fact a loser hitting its 10 pip sl to the pip sorry guys it wasnt intentional I promise.

As I said you take the basic system and do what you will with it ..you could use swing low as stop but all down to you I didnt mean to mis lead you...

As for the long when we are going red to blue on the 15 min and its on the zero line ie going up and I get a long signal on the 5 min I take it thats what I call a normal signal.


I dont start till 7.30am and got my 20 pips by 10.30am I had the 10 pip loser then a 20 pip winner I then took a long at 10am chart time and close at +10 pips didnt wait for the 20 target ( although it did hit it) that made my 20 so quit for the day

My pm session start at 2.30pm uk time I then had -10-10 +20 +20 +20

Flat at the time of this post my last signal; being a long at 5.45pm UK time 6.45pm Chart time.15 and 30 min currently long and sitting waiting for a long signal on my 5 min .. My last long signal entry was at 1.4166 it hit my 20 tp and went straight up and is now sitting at 1.4329

sorry for the mistake ..

Paulus
  • #107
  • Sep 17, 2008 1:27pm Sep 17, 2008 1:27pm
Well - in all fairness, I think I may have to reconsider my rejection of the Heiken Ashi Smooth candles. If Paulus adopted them in his strategy there will be good reasons for it.

They just didn't work for me when I used them with a complete different system and time frame. I believed that because they eliminated the wicks and spikes of regular candles that that was a negative thing.

However, upon watching the trades unfold candle by candle, that COULD be a good thing.

Glad to see you back posting a little bit Paulus. Hope the situation which was diverting your attention from the forex is getting better.
  • #108
  • Sep 17, 2008 2:47pm Sep 17, 2008 2:47pm
Quoting Paulus
Hi ... yes your right the winner is in fact a loser hitting its 10 pip sl to the pip sorry guys it wasnt intentional I promise.

As I said you take the basic system and do what you will with it ..you could use swing low as stop but all down to you I didnt mean to mis lead you...

As for the long when we are going red to blue on the 15 min and its on the zero line ie going up and I get a long signal on the 5 min I take it thats what I call a normal signal.


I dont start till 7.30am and got my 20 pips by 10.30am I had the 10 pip loser then a 20 pip winner I then took a long at 10am chart time and close at +10 pips didnt wait for the 20 target ( although it did hit it) that made my 20 so quit for the day

My pm session start at 2.30pm uk time I then had -10-10 +20 +20 +20

Flat at the time of this post my last signal; being a long at 5.45pm UK time 6.45pm Chart time.15 and 30 min currently long and sitting waiting for a long signal on my 5 min .. My last long signal entry was at 1.4166 it hit my 20 tp and went straight up and is now sitting at 1.4329

sorry for the mistake ..

Paulus
Thanks Paulus for your explenation
sorry me for bad words that i used
  • #109
  • Sep 17, 2008 3:25pm Sep 17, 2008 3:25pm
no worries 919 .. I love you all

Paulus
  • #110
  • Sep 17, 2008 3:49pm Sep 17, 2008 3:49pm
Paulus, good stuff, been trying it out. Whilst not a 100%, if you keep it regimented, it works in the long run.

Another way of scalping the EUR/USD effectively (if you get my drift)

cheers, Matt
  • #111
  • Sep 18, 2008 1:27am Sep 18, 2008 1:27am
Hi Matt

Cheers for that

I have always traded on the principle of taking out only so much and stopping for the day for me personally its 20 pips.I imagine trading like swimming with sharks in the ocean i get my 20 ive not been eaten yet but there is a very high chance I will lose my gains and my life so I get out the water and watch others get eaten.

Sooooooo .... the system helps me find quite reliable signals for taking that 20 and it works for me..whilst others are getting eaten Im having a nice drink and chilling by the pool..lols dont get me wrong I get bitten here and there but always seem to manage to get out of the water

If you take any part of it no matter how small and apply it to your trading and your own systems then you have gained some thing we all help each other its the way of things

cheers

Paulus
  • #112
  • Sep 18, 2008 1:49am Sep 18, 2008 1:49am
To take market or limit order hmm tough and we need a rule that is mech so the rest of this week and next week Im going to...

If the entry candle high to low is 15 pips for more bearing in mind our stop is 10 then I will go in with a lmt buy or sell 2 pips below the close for a long 2 pips above the close for a short.

If not then i will go with market and suffer the spread

since 1min past midnight I have had the following +20-10+20-10-10+20-10-6(reversal)+20-10 = 24 pips

My 1st trade ( green signal) at or after 7.30am hit 20 pips so I'm done for the day

BTW the green line on my chart is price I converted the price to line .

The stoch CCI ADX and the 2 ma's on my chart play no part in signal selection I leave them there just to see if there is any correlation between winning and losing signals and what those indicators are doing at the time...but they play no part in my trading entry or exit/

Cheers

Paulus
Attached Image (click to enlarge)
Click to Enlarge Name: 18th sept.gif Size: 19 KB
  • #113
  • Sep 18, 2008 2:12am Sep 18, 2008 2:12am
Hey Paulus,

Would you mind revisiting your entry rules with the new version using ha's?

Are you still looking at both 15min and 5 min charts, or can it be done with just 5 min chart alone?


Are you still using the adx for entry, or just stoch and ha color change?

Is stoch to be both green over red AND over 70 for long, or just line orientation alone?

I've played with ha's on futures, but not on forex as of yet. Are you waiting for bar close to confirm a color change, or just entering when you know it will remain the same color?

Maybe a new post with updated rules are in order, or edit of post #1?

I'd appreciate it, looks like an easy little system and right up my alley.

Thanks!
  • #114
  • Sep 18, 2008 6:54am Sep 18, 2008 6:54am
Thanks much Paulus for all your time.

Quick question: Which session do you feel offers you the best conditions? The morning UK or the morning US?

I've been trading the morning US but find it real choppy. Wondering if I should get up in the middle of the night to trade the UK session. Thanks, Joe
  • #115
  • Sep 18, 2008 9:51am Sep 18, 2008 9:51am
Hi

Are you still looking at both 15min and 5 min charts, or can it be done with just 5 min chart alone?

Im still using the 15min which is important I think you cannot use the 5min alone you get whip sawed to often we want the overall momentum on our side and the only way i think that can bo done is to ride with the longer term trend

Are you still using the adx for entry, or just stoch and ha color change?

Im using just the HA colour change on the 5 min and being guided by the CCI on the 15min,,ie if 15min CCI is red I take shorts on the 5min when the HA gives me a red candle from blue

Is stoch to be both green over red AND over 70 for long, or just line orientation alone?

I dont use it but feel more confident in the signal if its coming down from OB for a short and up from OS for a long

I've played with ha's on futures, but not on forex as of yet. Are you waiting for bar close to confirm a color change, or just entering when you know it will remain the same color?

Im entering approx when there are 10 secs left of the 5min candle this isnt critical but I dont enter mid candle the candle has to be nigh on over

Maybe a new post with updated rules are in order, or edit of post #1?

Yes np will try and do

I'd appreciate it, looks like an easy little system and right up my alley.

Well I only want 20 pips a day this system seems to give reliable signals all you are basically doing is watching the long term trend if it is down then I wait for a price retracement which is indicated by the HA going blue then as long as the 15min trend is still red Im entering on the 1st red HA candle..it seems to work

Cheers

Paulus
  • #116
  • Sep 18, 2008 9:53am Sep 18, 2008 9:53am
Hi Joe

I nearly always get my 20 pips in the UK morning session 7.30am to around 11.30am..the US open can be volatile when the heavier volumes come crashing in.

You may find 4.30pm to 7.30pm U time a little easier as the US would of been open for 2 hrs and it quietens off around US lunch time..even traders have to eat..lols

hope it helps

Paulus
  • #117
  • Sep 18, 2008 10:29am Sep 18, 2008 10:29am
Paulus,
Would you mind posting your templates for the updated procedure? I just want to make sure I'm looking at the same thing you are when I practice your system. Thank you for all your help.

Ed
  • #118
  • Sep 18, 2008 12:05pm Sep 18, 2008 12:05pm
Sure here is the template with the inds I use don't forget the stochastic and Ma's play no part more their there for observations

You have

tl 5 tpl which is the 5min template
tl 15 tpl 15min template

On the 5 min template put the stochastic , +stoch , HA ,Candle time

On the 15min the CCI 8

the +stoch is the icon in top right of chart all im doing with this is to see if the 15 column is blue when my CCI8 on 15min is blue and red when its red ..its just a test programme atm and was given to me by the good guys in the trading room if it doesnt work for the system it will be removed
Attached File(s)
File Type: tpl tl 5.tpl   53 KB | 823 downloads
File Type: mq4 Stochastic.mq4   4 KB | 631 downloads
File Type: tpl tl 15.tpl   16 KB | 764 downloads
File Type: ex4 +Stoch_Mtr+.ex4   77 KB | 831 downloads
File Type: mq4 Heiken_Ashi_Smoothed.mq4   4 KB | 771 downloads
File Type: ex4 CandleTime.ex4   2 KB | 645 downloads
File Type: mq4 CCI 8 .mq4   3 KB | 679 downloads
  • #119
  • Sep 18, 2008 12:09pm Sep 18, 2008 12:09pm
The chart
Attached Image (click to enlarge)
Click to Enlarge Name: pic of 5min.gif Size: 21 KB
  • #120
  • Sep 18, 2008 3:41pm Sep 18, 2008 3:41pm
thanks Paulus, you're the man. josephus
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