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Attachments: Neurus Psar Demark System- 5 Min
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Neurus Psar Demark System- 5 Min

  • #41
  • Nov 1, 2008 10:22pm Nov 1, 2008 10:22pm
Nice Demark indi,,,

Sonic
Attached File(s)
File Type: mq4 DeMark lines.mq4   17 KB | 738 downloads
  • #42
  • Nov 1, 2008 11:53pm Nov 1, 2008 11:53pm
Its a very good indicator. I draw the lines for the backtest but if you trade live you will see it in the moments that appears.
Try to use the indicator live and you will see what i mean.
regards
Quoting a777
Hi Neurus,

Is the Demark trend indicator good enough to always rely on it or do you ever have to override it and manually draw a more accurate trendline?
  • #43
  • Nov 2, 2008 1:03am Nov 2, 2008 1:03am
hi neurus
in the example below , we have the price stoped at the level of the last psr .
i would like to know an entry can be in the next candle crossing the level of the last psr ? or it is already so far from the breakout of the trend line and the entry is no more valid ?
thanks
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd.gif Size: 24 KB
  • #44
  • Nov 2, 2008 1:17am Nov 2, 2008 1:17am
Hi Neurus,

Just to be clear, do you take EVERY trade where price breaks the Demark trendline passing through the PSAR dots without needing any filter or other confirmation?

If yes, this makes a very easy and clear cut entry. I don't have live data feed now (weekend) but I am hoping even during consolidation the Demark indicator will show the proper trendlines to trade the breakout.

I see on your charts you have the SMI indicator at bottom but it doesn't seem like it helps most of the time since it always seems to agree with the TL breaks.

Thanks for telling us your strategy.
  • #45
  • Nov 2, 2008 9:35am Nov 2, 2008 9:35am
Hi 0777:
I dont take EVERY trade where price breaks the Demark trendline.
My system is more complex. I use in 1 hr TF the following indicators: Peter Bains pivots Points, Fibonacci pivots, SMI and MACD, etc. Once a determine what direction the price i think it´ll take, then I use the Neurus PSAR Demark system as a trigger in 15 min TF. But this system is more discretionary and is my own propietary system; and i cant give to everybody free; because its very profitable and it´s difficult to explain in a Forum.
This "Neurus psar demark system 5 min" is less profitable and more risky but you can use it for develope your own system.
This could be the begining of a profitable trade system if you want to share your experience with us.
Regards

Quoting a777
Hi Neurus,

Just to be clear, do you take EVERY trade where price breaks the Demark trendline passing through the PSAR dots without needing any filter or other confirmation?

If yes, this makes a very easy and clear cut entry. I don't have live data feed now (weekend) but I am hoping even during consolidation the Demark indicator will show the proper trendlines to trade the breakout.

I see on your charts you have the SMI indicator at bottom but it doesn't seem like it helps most of the time since it always seems to agree with the TL breaks.

Thanks for telling us your strategy.
  • #46
  • Nov 2, 2008 9:48am Nov 2, 2008 9:48am
The entry is allowed when prices cuts the TD trend line. Then you wait the trigger: if pierce the nearest Demark swing point or the next psar dot. One of this contitions. And you have to add 5 pips or 3 pips more below. This is discretionary.
Quoting imad
hi neurus
in the example below , we have the price stoped at the level of the last psr .
i would like to know an entry can be in the next candle crossing the level of the last psr ? or it is already so far from the breakout of the trend line and the entry is no more valid ?
thanks
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd240.jpg Size: 274 KB
  • #47
  • Edited 10:06am Nov 2, 2008 9:51am | Edited 10:06am
Nevertheless i have another Demark setup in my chart
look at the attach
Quoting imad
hi neurus
in the example below , we have the price stoped at the level of the last psr .
i would like to know an entry can be in the next candle crossing the level of the last psr ? or it is already so far from the breakout of the trend line and the entry is no more valid ?
thanks
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd240.jpg Size: 267 KB
  • #48
  • Nov 2, 2008 10:02am Nov 2, 2008 10:02am
if you see the rounded formation of the 5 min price chart its telling you that the price havent got force to goes up. In this case you could get more than 5 pips. You could go until 1.705 and take 15 or 20 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd240.jpg Size: 310 KB
  • #49
  • Nov 2, 2008 10:22am Nov 2, 2008 10:22am
A trend line could be pierced by 2 differents elements.

1. By the time. The price doesnt cut the trend line. It was the course of the time that cuts the trend line. You can see it in consolidation markets. Like you see in the first chart.This is a false breakout
2. By the price. Like you see in my second chart. The price cuts the trend line and goes to the opposite way. You can see it in very volatility markets
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd240.jpg Size: 294 KB
Click to Enlarge Name: eurusd2402.jpg Size: 285 KB
  • #50
  • Nov 2, 2008 10:32am Nov 2, 2008 10:32am
neurus
please find attached your chat on euro usd . if we enter at the last swing touching the trend line ( where i put the black horizontal line ) we will lose cause the price retraced .
am i missing something here ?
regards
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd.gif Size: 16 KB
  • #51
  • Nov 2, 2008 10:48am Nov 2, 2008 10:48am
if you entry exactly at 1.2734. In the same line of the nearest demark swing point you will have a drawdown of 10 pips.
But you have to enter 3 pips or 5 pips -or the pips you want discretionary- below the trigger. So you could entry at 1.2734-3pips= 1.2731 or 1.2734-5pips=1.2729
regards
Quoting imad
neurus
please find attached your chat on euro usd . if we enter at the last swing touching the trend line ( where i put the black horizontal line ) we will lose cause the price retraced .
am i missing something here ?
regards
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd240.jpg Size: 265 KB
  • #52
  • Nov 2, 2008 3:38pm Nov 2, 2008 3:38pm
Gracias por compartir este sistema. Es simple y espero haberlo entendido. Lo testeo en demo y ya cuento por aqui.Si quieres contacta conmigo por correo.

En la cuestion futbolistica yo voto por el PIBE,
un abrazo desde España.
  • #53
  • Nov 2, 2008 4:08pm Nov 2, 2008 4:08pm
Quoting neurus
I had try with all the system of this formun and I am tired. I lose money with ALL THE FF SYSTEMS.
Now I presents you this new system.
Only needs two indicator to help you.But if you want you cant trade \"trade what you see\" Only looking at the price chart.
you have to take most of these systems with a grain of salt. They are for entertainment purposes only. Most of the people just throw up some indicators, make two or three trades and declare that it is a gold mine.

No research whatsoever. I will suggest however, that if you see a system on here that you like, make at least 50 trades manually to determine if its somewhat viable. If it is, then maybe the author is on to something.
  • #54
  • Nov 2, 2008 4:11pm Nov 2, 2008 4:11pm
Quoting neurus
SL: 15 pips
TP: 5 pips
this is a big problem starting off. generally you want a 1:2 risk:reward scenario. 1:3 or 1:8 is even better.

you have a reverse thing going. your risk is 3 times the reward.
  • #55
  • Nov 2, 2008 4:34pm Nov 2, 2008 4:34pm
You are right.
But:
1. you can test it and you´ll see that the system is around 80 % of succesfull. every time the price pierce a trend wants to go ahead and then make a pullback. Your are taking 5 pips or more before the price make the pullback.
2. Anyway, the goal is to take 5 pips. Many times,the price move, when cross the TD trend line is so fast that you have 10, 15 or 20 pips or in a run.
So the take profit is very discretionary. I suggest 5 pips. You can change the SL and the take profit and adapt to your style of trading.
regards.
Quoting sed34
this is a big problem starting off. generally you want a 1:2 risk:reward scenario. 1:3 or 1:8 is even better.

you have a reverse thing going. your risk is 3 times the reward.
  • #56
  • Nov 2, 2008 4:46pm Nov 2, 2008 4:46pm
Look at this.
The chart is the eurusd 1 hr.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd240.jpg Size: 294 KB
  • #57
  • Nov 2, 2008 4:52pm Nov 2, 2008 4:52pm
In this chart you ´ll see the 5 min chart with the trigger. But the entry trigger is near the Demark 1 hr trend line so its very risky take a position there. The other consideration is that there are not volatility to trade.
So I decide dont trade
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd240.jpg Size: 309 KB
  • #58
  • Nov 2, 2008 4:57pm Nov 2, 2008 4:57pm
Gracias amigo... Para la selección te cambio a Messi por el Niño Torres que es un jugadorazo. Ahora con Maradona como DT no le vamos a ganar ni a Islas Faroe. Un abrazo
Quoting daps
Gracias por compartir este sistema. Es simple y espero haberlo entendido. Lo testeo en demo y ya cuento por aqui.Si quieres contacta conmigo por correo.

En la cuestion futbolistica yo voto por el PIBE,
un abrazo desde España.
  • #59
  • Nov 2, 2008 5:05pm Nov 2, 2008 5:05pm
I decided dont take this trade, but if somebody toke it, now is winning some pips.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd240.jpg Size: 283 KB
  • #60
  • Nov 7, 2008 8:26am Nov 7, 2008 8:26am
I cant understand why this thread has stalled.
I think it's a brilliantly simple system. No indicators, just price action with a very high success rate.

I think maybe the only point which struck a bum note was the 15 SL/5 TP suggestion.
A quick back test of the system shows it much more profitable than that.

Although you don't need indicators, I stuck a CCI on my chart set at 14 and 84 (along the lines of the very successful FX prime 1 min Scalping System).
It gives a great confirmation of the TL break when the 14 crosses the zero line.

Thanks Neurus for sharing this.
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