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MTF Synery Trading - Testing purpose

  • #61
  • Oct 8, 2008 12:51pm Oct 8, 2008 12:51pm
Quoting dznmrd
Yes, even I'm working the demo for at least a month .... and a goal to turn 1000USD to 100,000USD and with a proper money management.

Hope it works consistently and we have ourselves a lean mean green machine

It's pretty easy to multiply your account in this market. Example, I entered a trade around 1AM EST (most AUD pairs) I took my $200 and turned it into $1600 in 2 hours. I admit it was a ballsy risk, but a calculated and educated one.

Look at the leading EA in the ATC, increased the account 5 fold already. Are you convinced yet?
  • #62
  • Oct 9, 2008 7:05am Oct 9, 2008 7:05am
Hello, a stupid question ... can I see Crude oil from metatrader4 ? I can not find it ... am I so blind?
  • #63
  • Oct 9, 2008 8:50am Oct 9, 2008 8:50am
MTF=Multiple Time Frame. Trading based on signals generated from Multiple Time Frames.

Quoting Ronald Raygun
What do you mean MTF? You can attach the EA on any timeframe.

As for the settings, just remember to change the lot size and that's what I used.
  • #64
  • Oct 9, 2008 9:23am Oct 9, 2008 9:23am
I take it your using the Advanced Synergy indicators in this thread somewhere, correct? Or did you go and purchase it?

Also, what exactly are the rules for Advanced Synergy?

Quoting dznmrd
Guys,

If you want to see the full potential of Advanced Synergy applied on a daily charts.

Try my demo account on IBFX. If you don't have IBFX, you can visit http://ibfx.com and download their trading software (metatrader)

Login : 5278997
Investor : 7upmyru (read only password)
Server : InterbankFX-MT4 Demo Accounts 2

4000pips gain so far since the start of this month
  • #65
  • Oct 9, 2008 11:09am Oct 9, 2008 11:09am
Hi,

i realy don't see any sense of adding the continuation indic to the system. From my point of view there is absolute no additional information. I would prefer an indic with some extra information. Maybe something like the steinitz MTF HAS Bars or MTF CCI.
  • #66
  • Oct 9, 2008 11:11am Oct 9, 2008 11:11am
You can find the Advanced indicators on the first page of this thread. Dznmrd has also made some nice-lookin templates that you can use.

I have attached my statement since sunday. Keep in mind that my actual pips were twice what is reflected on the statement, I just didn't get out early enough Still workin on a better exit strategy.
Attached File(s)
File Type: zip Statement 10 09 08.zip   7 KB | 845 downloads
  • #67
  • Edited 11:29am Oct 9, 2008 11:13am | Edited 11:29am
Quoting MCFly
Hi,

i realy don't see any sense of adding the continuation indic to the system. From my point of view there is absolute no additional information. I would prefer an indic with some extra information. Maybe something like the steinitz MTF HAS Bars or MTF CCI.
Actually the continuation indicator is a 2periods moving average, its only used if you would like to keep the trade running longer for potential profits, in event that the other indicators would give an exit sign. But i somewhat agree, its not very useful, could add something better there like macd, mtf has bars or cci there.
  • #68
  • Oct 9, 2008 11:16am Oct 9, 2008 11:16am
Quoting nondisclosure00
I take it your using the Advanced Synergy indicators in this thread somewhere, correct? Or did you go and purchase it?

Also, what exactly are the rules for Advanced Synergy?
I think Ive posted some of the advanced synergy indicators in this topic and off course im using them. If you want a quick rundown on how to use them, visit the webinar for compassfx and click on the last lesson.

Some info are also posted on the compass website.
  • #69
  • Edited 12:24pm Oct 9, 2008 12:08pm | Edited 12:24pm
Ok, I'll take a look.

Quoting dznmrd
I think Ive posted some of the advanced synergy indicators in this topic and off course im using them. If you want a quick rundown on how to use them, visit the webinar for compassfx and click on the last lesson.

Some info are also posted on the compass website.
  • #70
  • Oct 9, 2008 12:41pm Oct 9, 2008 12:41pm
I think a MTF Synergy IND advanced can be a another good indicator to add in this template, like this
http://www.forexfactory.com/attachme...1&d=1223573541
We have MTF synergy ind but need to set the TF you want in settings and it just shows one TF at a time.

What do you think?
  • #71
  • Oct 9, 2008 12:45pm Oct 9, 2008 12:45pm
I have seen an older Dean Malone tutorial on Youtube two or three weeks ago and i liked it immediately. I think the TDI is one of the best indics i have seen so far. But i realy don't know why this system is offered for free.

Unfortunately i have read that the steinitz Heiken Ashi is coded wrong. That means that the MTF HAS Bars indic code is broken. I think a working MTF HAS Bar indic would be a good addition to the system.
  • #72
  • Oct 9, 2008 4:11pm Oct 9, 2008 4:11pm
Ron,

I attached the Synergy EA to a demo account. It has not enter any trades but it does give alerts. Now the alerts seem to be given everytime price moves if there is a buy or sell signal. Plus what time frame are the signals being called out on. I am guessing the time frame that the chart is on.
  • #73
  • Oct 9, 2008 4:44pm Oct 9, 2008 4:44pm
Quoting sprescott
Ron,

I attached the Synergy EA to a demo account. It has not enter any trades but it does give alerts. Now the alerts seem to be given everytime price moves if there is a buy or sell signal. Plus what time frame are the signals being called out on. I am guessing the time frame that the chart is on.
Let's start with the most common:

Did you change the lot size?
Did you enable signalsonly?
  • #74
  • Edited 6:44pm Oct 9, 2008 6:15pm | Edited 6:44pm
Quoting sprescott
Ron,

I attached the Synergy EA to a demo account. It has not enter any trades but it does give alerts. Now the alerts seem to be given everytime price moves if there is a buy or sell signal. Plus what time frame are the signals being called out on. I am guessing the time frame that the chart is on.
I think the EA from Ron only works on the principle of Heiken candle breakout from the PAC and considering the TDI, which is the basic synergy. Advanced synergy is a bit different... especially volatility and range factor indicators, its quite important on the daily chart.

If the heiken candle breaks out and even if the green is below the red/yellow, if the range factor would not be below the parallel lines ... not a good choice to trade. And each time the volatility indicator is tilted up, you'd notice its a surefire and good entry for the next daily candle.

You can see what i mean from the screens.

GBPJPY
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyvolatility.gif Size: 36 KB


EURJPY
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyvolatility.gif Size: 33 KB


There's no sense to enter a daily trade and wait on consolidating candles, before it actually start to move. so we need the volatility to tell us its time. So like instead of keeping the trade enabled on a 5day trend, when the actual big movements were only for 2 days.. So we can simply enter trade for those 2 days, instead of a long 5 days trading.

Another reason is that by the time the green would cross back the red/yellow and by the time the arrow would disappear, you'd lose a lot of profit you made, so its good for a early signs to exit, doesn't matter if missed a 100-200 pips more, but its better to be safe then sorry,

About the range factor, it works like a currency index chart, like having a euro index and usd index side by side for your EURUSD. if Euro was weak and usd strong, range factor would go below the parallel lines, if Euro is strong and USD is weak, range factor would go above the parrallel lines and if both EURO and USD were weak or strong, the line would be in between the parallel lines for a probable range market. So its impotant to have those...

  • #75
  • Oct 9, 2008 9:57pm Oct 9, 2008 9:57pm
Quoting Ronald Raygun
Let's start with the most common:

Did you change the lot size?
Did you enable signalsonly?
I changed the lot size and the signals only is turned to true.
  • #76
  • Oct 9, 2008 10:07pm Oct 9, 2008 10:07pm
Quoting sprescott
I changed the lot size and the signals only is turned to true.
Set signals only to false and it will start placing trades,

Signals only is for those who trade on non-mt4 brokers and need a signal like an alert or e-mail.
  • #77
  • Oct 10, 2008 2:41am Oct 10, 2008 2:41am
Hi,

do you enter when both arrows (normal and MTF) appear?

I think this system workes without stops and the set up gives the exit signals. So do you use any kind of emergency stops?
  • #78
  • Oct 10, 2008 10:34am Oct 10, 2008 10:34am
MCFLY,

Trading the daily is a little different than begging for pips and trading the 5 min. I don't know if it's legal to say this but if you follow the strict entry rules for daily, you would have between a 90-95% win ratio. The stop losses would be above the PAC in a short, and below PAC in a long, granted these are some soul-crushing stop losses but the key my friend is proper position sizing. These stop losses will not get triggered if you follow proper procedures as outlined by my good friend dznmrd. You should accept anywhere between 200-400 pips on every trade. I'll post my latest statement after 4:00 pm CST today.

Happy pipping!
  • #79
  • Oct 10, 2008 3:52pm Oct 10, 2008 3:52pm
Statement for today. Yesterday there weren't many trading opportunities as everything was consolidating except GBPUSD. Currently it's open at 25 pips, but last night it went up about 300 pips!!!! but according to the rules, we still haven't exited, even though I should have closed today cuz of weekend to avoid a disaster sunday, oh well!!

Happy Pipping!
Attached File(s)
File Type: zip Statement 10 10 08.zip   7 KB | 840 downloads
  • #80
  • Oct 10, 2008 4:27pm Oct 10, 2008 4:27pm
You might want to consider "scaling-out" of a trade as described & encouraged by Dean Malone.....

Quoting Pipologist99
Statement for today. Yesterday there weren't many trading opportunities as everything was consolidating except GBPUSD. Currently it's open at 25 pips, but last night it went up about 300 pips!!!! but according to the rules, we still haven't exited, even though I should have closed today cuz of weekend to avoid a disaster sunday, oh well!!

Happy Pipping!
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