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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

  • #241
  • Sep 30, 2008 8:30am Sep 30, 2008 8:30am
Quoting Dezil
How do you use stoch exactly?
I have Stoch 5,5,3 on the 15M and 5M , and just look for the general direction - if one of them (particularly 15M) looks like they are turning in the opposite direction of the cci - dictated trend then I stay out. A lot of the philosophy taken from Spud's MTF Stochastics Strategy.
Probably just because its a heavily down-trending day, but there have been 5 +20 signals this morning in the last 4 hours - wish I had taken all of them...
  • #242
  • Sep 30, 2008 9:42am Sep 30, 2008 9:42am
..but then again, if I took them all, i would have been breaking the very important 20 pip profit rule...
  • #243
  • Oct 1, 2008 11:33pm Oct 1, 2008 11:33pm
Has anyone analyzed the best times to trade or are the percent profitable about the same throughout the day? Thanks, Lynn
  • #244
  • Oct 2, 2008 10:14am Oct 2, 2008 10:14am
I've been doing ok in the 6AM - 12 PM EST time period. But in this crazy market you have to be very very careful. Have gotten stopped out twice today, but and am now back in profit (barely).
  • #245
  • Oct 2, 2008 2:53pm Oct 2, 2008 2:53pm
Hi Ib

I like 7am to 11am and 2.30pm to 5pm all uk time..any system relies on volatility we need vol to move the price.

Hope that helps

Paulus
  • #246
  • Oct 2, 2008 5:39pm Oct 2, 2008 5:39pm
Hi Paulus, I've been mini trading with real, albeit small dollars. I'm only hitting about 30 percent profitable. Some of the low percentage is due to my entry errors - too early or too late. Anyway, I wondered if you could post some additional days trades - good and bad for me to study and compare to my entries and exits. If you could I'd appreciate it. The principles behind the strategy seems real solid to me. Thanks Lynn
  • #247
  • Oct 2, 2008 7:37pm Oct 2, 2008 7:37pm
[quote=lbhales;2256714] Anyway, I wondered if you could post some additional days trades - good and bad for me to study and compare to my entries and exits. If you could I'd appreciate it. The principles behind the strategy seems real solid to me. Thanks Lynn[/quote]

Posting your charts would be much more beneficial for you than asking Paulus to take the time to post his. That way you could get help from any number of traders using this system/strategy in perhaps seeing where your entry points and/or entry/exit times are 'incorrect' (?)

Right now Paulus has an awful lot on his plate, and while I am sure he would love to take the time to help everyone individually, that's not one of his present options .
  • #248
  • Oct 3, 2008 2:14am Oct 3, 2008 2:14am
Hi

Ib Il try but as Flameco says I have alot of personal issues right now things are better but these things take alot of time to resolve and that has to be my priority if I get time today I will post some hope it helps and thanks Flemenco for explaining in case I didnt get to see the post i appreciate it

Iv had allot of email from guys asking if I can look at a system to use just on 1 time frame..I think its so that they can have several swaps open looking for signals ..with 2 time frame i guess its alot more confusing having several charts open,

I went through my old futures systems and as you can guess by my posts I have alot of trading ideas in my head and have looked at most of them some more than others.

One that showed great promise on futures may well work on Forex it works on 1 time frame I will post a chart in a min but wont give out the rules untill I have tested it for a week il do it on eurusd on the 5min time scale.

If it is successful or shows any promise I will post template and chart with rules in FF but under a new thread the link to which I will place here.

It is designed to take advantage of a trend and pick high probability set ups I would imagine you get around 12-15 signals a day

So far today 3 signals
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  • #249
  • Oct 3, 2008 4:55am Oct 3, 2008 4:55am
Quoting Paulus
Hi

Ib Il try but as Flameco says I have alot of personal issues right now things are better but these things take alot of time to resolve and that has to be my priority if I get time today I will post some hope it helps and thanks Flemenco for explaining in case I didnt get to see the post i appreciate it

Iv had allot of email from guys asking if I can look at a system to use just on 1 time frame..I think its so that they can have several swaps open looking for signals ..with 2 time frame i guess its alot more confusing having several charts open,

I went through my old futures systems and as you can guess by my posts I have alot of trading ideas in my head and have looked at most of them some more than others.

One that showed great promise on futures may well work on Forex it works on 1 time frame I will post a chart in a min but wont give out the rules untill I have tested it for a week il do it on eurusd on the 5min time scale.

If it is successful or shows any promise I will post template and chart with rules in FF but under a new thread the link to which I will place here.

It is designed to take advantage of a trend and pick high probability set ups I would imagine you get around 12-15 signals a day

So far today 3 signals
What are the RULES of yours Trading-Systems and Filters?Thx
  • #250
  • Oct 3, 2008 5:40am Oct 3, 2008 5:40am
Hi Trader60,

please read!!!!

''If it is successful or shows any promise I will post template and chart with rules in FF but under a new thread the link to which I will place here.''
  • #251
  • Oct 3, 2008 1:58pm Oct 3, 2008 1:58pm
hello Paulus...
Thanks for share your system....but 20 pips/day will not enough for me
so,in last 3 days i made 175 pips with your system...(with major pair EU,GU,UJ and UCH).
thanks...and happy pips...
let's make pips
  • #252
  • Oct 3, 2008 3:21pm Oct 3, 2008 3:21pm
With this Forex Freedom Bars Indicator (which I found on another thread) you can have the 5 - 15 - 30 (I hide the 60M) CCI on one chart.

It saves having to have 2 or more charts up, and is a real benefit for me.

You have to change the values in the various times in the indicator to 8 (or 6 if you prefer)

And yes - I don't have the Stoch on my charts. I also like to have the regular 5M CCI8 showing, even though it IS displayed on the Forex Freedom Indicator!
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Attached File(s)
File Type: mq4 ForexFreedomBars.mq4   9 KB | 678 downloads
  • #253
  • Oct 3, 2008 3:59pm Oct 3, 2008 3:59pm
Thanks Flamenco, I was looking for something like this.
  • #254
  • Oct 3, 2008 4:03pm Oct 3, 2008 4:03pm
I had a similar mtf CCI bar indicator, I think I got it from TSD. Anyway, it repainted, and gave false readings. Not saying this one does, but check it just in case.

I have an mtf CCI meter if anyone wants it. It does the job well.

PQ
  • #255
  • Oct 3, 2008 6:01pm Oct 3, 2008 6:01pm
Quoting Pips Queak
I had a similar mtf CCI bar indicator, I think I got it from TSD. Anyway, it repainted, and gave false readings. Not saying this one does, but check it just in case.

I have an mtf CCI meter if anyone wants it. It does the job well.

PQ
No - this one doesn't repaint. But unlike the CCI8 Histogram the newest bar doesn't form until the previous one closes. That's why I prefer to keep the CCI8 Histogram on my chart. It gives me a better 'heads-up' . But seeing the 15M & 30M CCI is a very valuable visual tool!
  • #256
  • Oct 4, 2008 2:16am Oct 4, 2008 2:16am
Hey first time posting here, just want to say great system Paulus! thank you for sharing your system. Maybe this MTF CCI indicator can be of some help
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File Type: ex4 CCI_Bars_M#_v2.ex4   52 KB | 542 downloads
  • #257
  • Oct 4, 2008 4:50am Oct 4, 2008 4:50am
Thanks for all your help on this people I appreciate it..

My screen shot of Friday 1st thing start time 7.30am uk 20 pips daily tgt hit on 1st signal but others also shown..

Plus the link to the new thread which may Die on Monday..lols its a system moved from my Futures trading uses 1 time frame which is 5min
http://www.forexfactory.com/showthre...77#post2259377


Paulus
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  • #258
  • Oct 5, 2008 2:29pm Oct 5, 2008 2:29pm
Thank you for sharing!
I want to ask 2 questions:

1. Does this edition of CCI repaint?

2. How can I add sound signal to the color-change event?


Thank you!
Just an opinion. Based on research
  • #259
  • Oct 6, 2008 12:28pm Oct 6, 2008 12:28pm
Paulus, short note to say "thanks". I have followed another one of your treads and am grateful for eveything that you have taught me.

The "Traffic Lights" system is easy to use and the concept behind the method is sound.... looking for a reversal of a "counter trend" back to the main trend. With a little practice on the timing of entries, and correct money management, it IS possible duplicate your success.

Thanks again!
  • #260
  • Oct 6, 2008 12:50pm Oct 6, 2008 12:50pm
Hello guys...this is HA with alert...sorry if repost
peace...
Attached File(s)
File Type: mq4 Heiken_Ashi_Smoothed_Alert.mq4   5 KB | 523 downloads
let's make pips
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