EOD trading system

On IBFX the pair showed at sell at 4PM here in Salt Lake City using EOD. I guess on your platform it didn't show it. Was it because today's bar was an up bar? On IBFX it was oscillating between up and down but finally closed as a down bar. Thanks Lynn

For another short on the GBPUSD, with the CCI below 0,
I think we would want to see the stoc. move up through and above 50 and then tick down.
The stoc. has moving around below 50 for about 11 days. It needs to make some movement out of this oversold area to pick up some more energy for a playable down setup.

Do I have that right?

Jim

I just noticed that somewhere along the line my GBPUSD TF was set to H1 instead of daily and that is why I thought a trade was setting up. Lynn

Happened to me enough times!

could be useful to watch though never looked at other time frames..

Time permitting I will post the sliding stop how it works etc...

Cheers

paulus

Hi,

Thanks for you your answer. I tried the indicator from post #349, but the problem still remained. The call for Heiken Ashi has to come from the EA, right? The thing is that the EA took 3 trades this week, all ended up in profit, with the problem of the call for Heiken Ashi being there. But I still changed to the other EA posted a couple of threads ago. And now the problem is gone. Still waiting for trades to arise, to see if this EA is as good as the other one.

Happy trading!

[quote=Paulus;2344799]These signals have made 5274 pips after losses

And my Stakes varied from £0.64p to £4

My account has now doubled:

Entertain me sir, how long did this take?

Started with 5k these 14 trades starting on 30 Oct banked me 5274 pips with stakes ranging from 64p per pip to £4 per pip the results is my account has doubled

paulus

[quote=Thomas Crown;2352118] Thomas

If you dont like this methodology or system please do not add comments, or say anything against Pauls intergrity

Congrats Paul

I have only been taking some of the signals - only 1 loser out of 5 (AUDUSD - which i think i came in too late)

Is there a spreadbetting company which allows you to bet 1p for 1 pip ?

Pervaz

Hi Pervaz,

Finspreads allows 10p positions for the first eight weeks of your account....quite an easy to use platform too, though I haven't traded with them for over a year as the minimum rises to 50p after the eight weeks. My preference as a forex noobie is Oanda where you can experiment with different approaches for fractions of a penny if you so wish.

Hi attictrader

Thanks - I will have to have a look at OandA - the only thing i was thinking was the spreadbetting money is tax free (not a major worry at 1p a pip lol )

Thank you for your time

Pervaz

Hi folks,

Although I'm using this system sporadically with some success, I'd just like to confirm something. Here's a chart presented earlier in the thread, we take the entry at the following places, right?

Arrow A: Close of Bar A
Arrow B: Close of Bar B
Arrow C: Close of Bar C
Arrow D: Close of Bar D (although would still be open from C)
Arrow E: Close of Bar AFTER Bar E
Arrow F: Close of Bar F

First inspection would show that we're entering at the bottom of many of the rallies in a down trend, although, with a broad enough S/L, they come good in the end.

I can't help thinking that, even though each of these presented trades was profitable, we could have INCREASED the profitability significantly and had a psychologically more enjoyable journey if we can find a way of entering at the top of a rally.

By misreading (or misunderstanding) Paulus' instructions from the very beginning, I have been waiting for the new day's bar to start forming and then seeing if THIS NEW (2 minute old) DAILY BAR created an immediate up/down tick on the stoch.

It's difficult to tell from a historical chart at what point the stoch ticked down during the day. I don't know yet if entering at the beginning of the candle instead of the end will yield any more positive results, but I'll try and look more consistently this week and post results.

Also a bit of basic candle reading gives great clues as to what's happening.

My daily bars close/open at 11pm (currently 10pm GMT) so it's no great problem waiting for the new daily candle to begin.

Love the simplicity, just trying to improve R/R and reduce drawdowns.

Happy hunting!

El Choco

On the contrary sir. I have learned real quick that very little is communicated through the written words, like intent. What I meant by "entertain me sir" was more like, let me see the results of a master at work, and clearly this process is his observation so he is much more experienced than I. I asked this as to recieve "Validated Encouragement" to what is made possible by this process and I'm sure Paulus understood. If you read my post, there was absolutely nothing stated against the integrity of Paulus what so ever, I have no idea where that came from at all. But... no worries mates, lets continue to work this process and grow in wisdom and stature. This process works, no doubt. I'm glad Paulus gave his personal proof, its like watching a great artist at work.

Hi Dezil

Could you tell me why the indicator is not showing a signal for the bar on which I have put an arrow and a yellow dotted vertical line

indicator only use stoch tick down after up move. in this picture stoch go down more then one bar so it's not tick down - it's down move.

Maybe i get Paulus's rules wrong and he will correct me

Hi Paulus

Do you regard the bar with an arrow in the above chart a sell setup or not?

Thanks for the observation but it has picked up the signal on the bar with an aqua dotted line, is it any different?

Hi The yellow dotted line signal is not a signal because it is a move down not a tick down see the paint attachment

the cyan dotted line signal is a signal due to the fact that the Stoch on the previous bar had made the same level or a higher high ..in this signals case it was a definite tick down and the coding is correct

paulus

Hi,

Has anyonetried the new EA (post #378) with success? The old EA has some problems with a call to Heiken Ashi SW? Should that indicator be used for the EA or not? If so, where can I find it?

Regards

Archie