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Traffic Light System 378 replies

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

Paulus System's 8 replies

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Paulus - Traffic lights

  • #201
  • Sep 24, 2008 4:07am Sep 24, 2008 4:07am
Quoting Bobcat2
Terry,
Why are you so adamant about the 15 Min CANDLE? The control guide for the 15 Min chart is not the candle, but rather the CCI8. The CCI8 is not always the same color as the candle.
Hi Bobcat, I understand Terry point, as the CCI repaint itself I think he wants to understand (like I do) if it has to be confirmed in the red, like for an entry on the 5min, or just hanging around the red that could turn out to close in blu or at zero as there are 15 minutes to go and than that would be a fake signal.
  • #202
  • Sep 24, 2008 4:30am Sep 24, 2008 4:30am
the CCI repaints?
  • #203
  • Sep 24, 2008 5:43am Sep 24, 2008 5:43am
Quoting Paulus
no signal for me yet this morning

As you can see 15min saying look for longs we have 3 blue bars..the 5min has been blue but the 1st one came way before my 7.30am start as dipicted by the red dotted vertical line.....you can just see a red HA bar forming on the 5min if this stays red then I will go long on the close of the next blue 5min bar as long as the 15min is blue

cheers

paulus

Great system Paulus! Thank You for Sharing!

I had a quick question just to understand the 15min. confirmation... do we need to have 3 bars close with the same color to confirm the trend direction or one bar would be sufficient? Thank You.
  • #204
  • Sep 24, 2008 5:59am Sep 24, 2008 5:59am
Quoting Miguel
the CCI repaints?
i think repainting means, the changing of the indicator-value after the candle had closed !? cci doesnt do that

but i think cesare is talking about the 15min cci gives signal (zero line cross) and then goes back beyond/above zero line, because the 15min isnt closed and the cci-value is changing until the candle is closed. that could give many false signals, the question is, if we should wait until the 15min cci candle closes beyond/above zero line or not.
  • #205
  • Sep 24, 2008 7:06am Sep 24, 2008 7:06am
Quoting Titus
i think repainting means, the changing of the indicator-value after the candle had closed !? cci doesnt do that

but i think cesare is talking about the 15min cci gives signal (zero line cross) and then goes back beyond/above zero line, because the 15min isnt closed and the cci-value is changing until the candle is closed. that could give many false signals, the question is, if we should wait until the 15min cci candle closes beyond/above zero line or not.
oh ok. thanks!
  • #206
  • Sep 24, 2008 9:03am Sep 24, 2008 9:03am
Quoting Miguel
the CCI repaints?
I meant when the candle is still open, the trade I referred to, had the CCI on its first red/blu bar on open candle, that will repaint if the price shoot the other way, of course.


EDIT: Ops, thanks Titus!
  • #207
  • Sep 24, 2008 11:16pm Sep 24, 2008 11:16pm
Terry

If you take the 15min and its red and then a new candle starts on the 15min the CCI will start to cross or hit the 0.00 line even though its still red its either on or just below the 0.00 if its a strong candle it will go blue at times.The 5min then goes from red to blue ..that is my signal...you can confirm with the 30min if you wish that may be blue any way if the trend is a strong on or use the CCI 24 if thats on 0.00 or above 0.00 take the signal

Dont forget ignore the candle on the 15min its the CCI8 and you dont wait for completion on the 15min

FXCash

For a safe signal 1 completed bar on the 15min is enough a normal signal is outlined above to terry dont forget 1 bar on the 15min is 15mins of trend I have the 30min on my set up also just to take a look at what happening in a slightly longer time scale..

hope that helps


Yest was tricky but got my 20 not till the pm session though !
Paulus
  • #208
  • Sep 24, 2008 11:25pm Sep 24, 2008 11:25pm
Hi Paulus,
Thanks for your reply, that does make
the system a little more discretionary.
Terry
  • #209
  • Sep 24, 2008 11:30pm Sep 24, 2008 11:30pm
Is good,in your opinion, Traffic lighs with Candle -10 tick(breakout) with trend measurable with CCI(24)?Thx
  • #210
  • Sep 24, 2008 11:39pm Sep 24, 2008 11:39pm
A good friend of mine uses this system but trades slightly differently at +10 pips he moves his stop to break even and closes at +20 ..he says it works well but can screw up the 2:1 risk reward

Another thing he looked at was taking a signl on the next bar in the opposite direction..as often when we get a signal the price then pulls back for example

We get a blue buy signal on the 5min ..he then waits for a down bar following the blue signal..not a red HA candle but a normal red bar..this has often stopped him busting on on the fill if it was taken as originaly done as long as the 15min is still blue and the 5min is still blue on the HA it seems a good entry technice and i will be looking into it

The chart shows to hypothetical signal arrows with later entry defined,but you will miss some signals with this method but may save losses
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  • #211
  • Sep 24, 2008 11:46pm Sep 24, 2008 11:46pm
As you can see red dotted vert line on 5min shows my 7.30am start line..15min blue 30 min blue so once i get red on 5min I will go long on next 5min blue after that..as long as 15min stay blue this should be a safe signal...

paulus
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  • #212
  • Sep 24, 2008 11:51pm Sep 24, 2008 11:51pm
Paulus,

Wonderful System...love it!

Ready to pull the trigger on this next trade...thanks for posting and sharing!

Bob
  • #213
  • Sep 25, 2008 6:58am Sep 25, 2008 6:58am
Got a signal long and took it but went for 10 instead of 20 because there was a previous swing high. Price lingered for quite a while then hit the target. It then reversed to just below entry. Right now it's teetering above entry. It could reach 20, but I like Paulus' shark analogy.

15 min chart shows I'm still blue with ma lines crossing briefly. 5m shows blue signal to go.

Missed out on a signal at 7:15 am that got 20 pips, then traded a signal at 7:38 edt which failed. Onwards.
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  • #214
  • Sep 25, 2008 7:45am Sep 25, 2008 7:45am
Today I have been entering safe signals on the trigger bar and normal signals on the 1st pull back bar worked well this morning got my 20 only had to let 1 winner go as it went straight up and hit tgt without a down bar as it was a long

paulus
  • #215
  • Sep 25, 2008 7:47am Sep 25, 2008 7:47am
Joem you could of bought ur stop to break even at the last swing high..I used to call it a 'safety stop' you get alot of +0 trades BUT you cut down the losers dramatically

wd

Paul
  • #216
  • Sep 25, 2008 8:06am Sep 25, 2008 8:06am
yes Paulus, I remember you saying that and did think about it. Turns the trade into a riskfree trade so to speak. But I was damn hungry for that 10 pips! joe
  • #217
  • Sep 25, 2008 10:49am Sep 25, 2008 10:49am
Is everyone using a 10 pip s/l like Paulus recommended? I am having a really hard time today. I've been stopped out 4 times! I was doing very well earlier in the week, but today has been a disaster for me.

I like the system very much and I thank Paulus for presenting it on the board.

Happy trading to all.
  • #218
  • Sep 25, 2008 10:50am Sep 25, 2008 10:50am
Quoting Eureka
Is everyone using a 10 pip s/l like Paulus recommended? I am having a really hard time today. I've been stopped out 4 times! I was doing very well earlier in the week, but today has been a disaster for me.

I like the system very much and I thank Paulus for presenting it on the board.

Happy trading to all.
EURUSD is in a ranging period right now. massive upside resistance on the daily chart.
  • #219
  • Sep 25, 2008 10:53am Sep 25, 2008 10:53am
yea know what u mean !

Ive put candles back on my chart so I can see up and down candles with line chart you cannot do this as it only shows the close.

The S is for safe signals and these are entered on the actual signal bar ..a normal signal for a short I wait for an up bar to enter the short visa versa for longs its works quite well and I may well stick to it

Paulus
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  • #220
  • Sep 25, 2008 10:55am Sep 25, 2008 10:55am
Eureka if you give me the time of the trades in Uk time Il take a look for you...

Cheers

Paulus
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