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Ninpostar Revolution

  • #341
  • Nov 16, 2008 3:59am Nov 16, 2008 3:59am
In general I must say I have had days with lots of positive pips using this strategy. Then trades with enormous losses.
One day is excellent, the other not at all.
I know when I enter a trade - that most likely and with high certainty I will be able to close the position within minutes with around +15 pips.
But there is always the "fear" of a quick reveral resulting in a 30-40 pips loss.
From the viewpoint of money management this approach doesn´t make any sense to me, as one should have AT LEAST an 80% - 90% success rate in order to come out with a profit.
So for me, if I can not achieve some kind of consistency trading this strategy it will not be worthwile continuing with it.
Unless I do find a "magical" filter to keep me out of bad trades......
  • #342
  • Nov 16, 2008 4:32am Nov 16, 2008 4:32am
guys don't you think that trading only during certain hours will help
lets say 1 h before the first session until 1 h after the last session?
or
those who tested it until now could tell as when ( in what interval ) the losing trades take place.
  • #343
  • Nov 16, 2008 10:04am Nov 16, 2008 10:04am
I think that the best operations are until the 12 m hour NY, in the afternoon although they can have good entrances there are false signs

(excuse me my english)
  • #344
  • Nov 16, 2008 6:29pm Nov 16, 2008 6:29pm
Use only Eur/jpy and 5/5 configuration.
  • #345
  • Nov 17, 2008 1:53pm Nov 17, 2008 1:53pm
QQI is based on rsi and especially rsi 8 and 50 level
you can use RSI _LDOT indicator to determine better positions
but only with MM you will have a successful trade
today i was very busy ( i am going to married this thursday)
so i only take a few trade before afternoon only based on rsi8 or qqe but with MM and nothing else , all of systems can be profitable but when only you use a MM nothing else
the attach file is a real account not a DEMO
Attached Image (click to enlarge)
Click to Enlarge Name: 2.GIF Size: 58 KB
  • #346
  • Nov 17, 2008 2:11pm Nov 17, 2008 2:11pm
Quoting tetis
QQI is based on rsi and especially rsi 8 and 50 level
you can use RSI _LDOT indicator to determine better positions
but only with MM you will have a successful trade
today i was very busy ( i am going to married this thursday)
so i only take a few trade before afternoon only based on rsi8 or qqe but with MM and nothing else , all of systems can be profitable but when only you use a MM nothing else
the attach file is a real account not a DEMO

Good, can you please post your template and indicators to see it.
Thanks a lot.
  • #347
  • Nov 17, 2008 2:17pm Nov 17, 2008 2:17pm
Quoting altezza.cl
Good, can you please post your template and indicators to see it.
Thanks a lot.
i wrote that only rsi and money management nothing else ...
so no need for template you only need a naked chart with rsi8
and 50 or 55 level in m1 time frame
i attached rsi-Ldot
Attached File(s)
File Type: mq4 RSI_LDot.mq4   2 KB | 764 downloads
  • #348
  • Nov 17, 2008 2:21pm Nov 17, 2008 2:21pm
tks tetis
congrats btw
and when things will be the worst possible may those moments be as bad as the moments you are currently living ( it is an old romanian saying )
  • #349
  • Nov 17, 2008 2:23pm Nov 17, 2008 2:23pm

Quoting loopyno
tks tetis
congrats btw
and when things will be the worst possible may those moments be as bad as the moments you are currently living ( it is an old romanian saying )
  • #350
  • Nov 17, 2008 3:09pm Nov 17, 2008 3:09pm
Quoting tetis
But your qqe setting is 5/5 60/1 ?
  • #351
  • Nov 17, 2008 9:20pm Nov 17, 2008 9:20pm
Very good Job Tetis !!!

Thanks for post your acct. hystory, I've been reading this post for a while and trying the original setup with variable results.

I've adjust my chart setup to QQE 60/1 and plotted the RSI L dot/ 8 periods in a 1M TF. Let see what happens, but backtesting looks very profitable if I confirm the entry with with 5m TF to avoid overesold and overbought levels.
What do you think?

Best wishes on your new married life !!! (Pacience) http://www.forexfactory.com/images/icons/icon7.gif



Quoting tetis
QQI is based on rsi and especially rsi 8 and 50 level
you can use RSI _LDOT indicator to determine better positions
but only with MM you will have a successful trade
today i was very busy ( i am going to married this thursday)
so i only take a few trade before afternoon only based on rsi8 or qqe but with MM and nothing else , all of systems can be profitable but when only you use a MM nothing else
the attach file is a real account not a DEMO
  • #352
  • Edited 11:54pm Nov 17, 2008 9:30pm | Edited 11:54pm
Quoting sed34
this is not even a system. it is just using the qqe. nothing more. You would just trade every signal and hope you came out with a net gain in pips.

this kind of trading has serious problems.
The QQE is an indicator, how you trade it in reference to the forex is the system.

Your also incorrect about this kind of trading..lol...as you put it. This system is very profitable.

I have made a lot of pips using this system with setting of 60:1. I also use the MTF HAS on my charts. For those that know how to use the indicator, I am attaching it here. Those traders that don't have experience with it, you can find a lot of good information on it on this forum and by doing a web search.
Attached Image (click to enlarge)
Click to Enlarge Name: monday.gif Size: 41 KB
Attached File(s)
File Type: ex4 4 TF HAS Bar.ex4   10 KB | 401 downloads
File Type: mq4 4 TF HAS Bar.mq4   10 KB | 440 downloads
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #353
  • Nov 18, 2008 12:35am Nov 18, 2008 12:35am
Quoting JerryFx
Very good Job Tetis !!!

Thanks for post your acct. hystory, I've been reading this post for a while and trying the original setup with variable results.

I've adjust my chart setup to QQE 60/1 and plotted the RSI L dot/ 8 periods in a 1M TF. Let see what happens, but backtesting looks very profitable if I confirm the entry with with 5m TF to avoid overesold and overbought levels.
What do you think?

Best wishes on your new married life !!! (Pacience) http://www.forexfactory.com/images/icons/icon7.gif
thank you jerry
I have told several times in this forum that don't overload your chart with indicators!
when you want scalping time is the most important thing even 1/100 second to push the button !
so don't waste your time to looking the 5 minute chart or other pairs .
put a good stop ( in 1 minute i found 30 pips not 1 pips up or down) after the order and your t/p very soon .
10 pips + spread is very good result and if the trade is in direction of market you can go after 10 pips but never breakeven the position try to learn that come out with profit even if it is 1 pip
  • #354
  • Nov 18, 2008 12:37am Nov 18, 2008 12:37am
Quoting altezza.cl
But your qqe setting is 5/5 60/1 ?
i told you i look at rsi -ldot that is similar to qqe and take my decision very soon
  • #355
  • Nov 18, 2008 12:39am Nov 18, 2008 12:39am
and what are the entry rules? :O ( sorry if you already answered this one )
  • #356
  • Nov 18, 2008 12:46am Nov 18, 2008 12:46am
Quoting tetis
QQI is based on rsi and especially rsi 8 and 50 level
you can use RSI _LDOT indicator to determine better positions
but only with MM you will have a successful trade
today i was very busy ( i am going to married this thursday)
so i only take a few trade before afternoon only based on rsi8 or qqe but with MM and nothing else , all of systems can be profitable but when only you use a MM nothing else
the attach file is a real account not a DEMO
Hi Tetis,

Great results, you are a very good trader! I tried the original setup described in this thread, but with not much success It sometimes gives a lot of pips, but later the ranging periods are demolishing.

I put up the RSI you suggested, but it did not help much either. Could you please give some hints how you use it, and also on money management? I think I have problems with it too How do you determine TP and SL? As I see, you closed several trades before they hit target or stop.

Thanks,
Arilou
  • #357
  • Nov 18, 2008 12:53am Nov 18, 2008 12:53am
Quoting Arilou
Hi Tetis,

Great results, you are a very good trader! I tried the original setup described in this thread, but with not much success It sometimes gives a lot of pips, but later the ranging periods are demolishing.

I put up the RSI you suggested, but it did not help much either. Could you please give some hints how you use it, and also on money management? I think I have problems with it too How do you determine TP and SL? As I see, you closed several trades before they hit target or stop.

Thanks,
Arilou
30 pips s/l is enough for scalping
if you took a wrong direction it will go near 30 and came back near your entry you must close it very fast because it will hit you s/l a few minute
don't feel sad to close a position with a few pips lose!
and never wait for rebound of market
this is MM very simple
  • #358
  • Nov 18, 2008 12:59am Nov 18, 2008 12:59am
see this position that i took a few minutes ago
i took it and its went to about 4 pips or 40$ profit but i was typing here and i didnt took my profit before the reverse
but no matter if wouldn't see a fast reverse i will close it before s/l
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 14 KB
  • #359
  • Nov 18, 2008 1:00am Nov 18, 2008 1:00am
Curious to see a chart of yours.
Care to post a screenshot of one pair ?
Thank you very much if possible for you.
  • #360
  • Nov 18, 2008 1:02am Nov 18, 2008 1:02am
Thank you.

I was a bit late.......
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