Ok, like I said before, I would demo the Obama and the Godfather...
My first chart is a brand new ODL demo account that I started with $3000. This is the one that I am running the Obama system on. I used a .5 lot size (what I would comfortably risk live per strict money management). I was able to grow the account another $900 bucks.
As I highlighted, with the 2nd and 3rd ellipses, those gbp/usd trades should have never been taken given what the other indicators were showing me. The reason I did take the trades were the alerts sounding off saying strong signals... yet again, there was candle repainting later.... I am not a believer of martingale-type trading on losers, so chose to simply cut my losses and re-enter at another point. Money management will allow you to trade another day.
2nd chart is from my Alpari where I'm running the Godfather. Because I have been using that demo account for a while, I focused in on the money made from the trades taken last night -- everything was Godfather-related. I usually run 1 lot trades on that account, so I rolled with that. Again, money made, EXCEPT for those USD/CAD trades...
The USD/CAD trades ... (see the 3rd chart for the blue box which is where I entered)... was strictly my fault and shouldn't have been entered based on the other indicators. I rarely trade this pair... but I just wanted to see what would happen... ... Then I didn't pay attention and re-entered again as I got another signal from the repainting. If I stuck with the basic rules, neither of these would have happened.... guess that's why they are called rules... lol.
There's a lot of repainting that goes on with the extra indicators (seperate experimentation), but I think the combination of the other indicators, can make a trader some extra money. This is not the holy grail and I don't think this would work well being ran by an EA. A trader still has to know the basics (like fundamentals and not trading against a trend/hold a countertrend trade for a long time) and not-so-basics (like Fib retracement/Pivot Points) of trading.... I ignored a LOT of signals because of general experience with certain currencies (except that usd/cad), but overall, I made more than I lost.
Thanks, Oan, this is an interesting and cool system... hoping to get better with this as time goes on....
Fox
PS -- Forgot to mention... These were all mostly taken on 15 min TFs. One or 2 were 30 min TF, like the usd/jpy
My first chart is a brand new ODL demo account that I started with $3000. This is the one that I am running the Obama system on. I used a .5 lot size (what I would comfortably risk live per strict money management). I was able to grow the account another $900 bucks.
As I highlighted, with the 2nd and 3rd ellipses, those gbp/usd trades should have never been taken given what the other indicators were showing me. The reason I did take the trades were the alerts sounding off saying strong signals... yet again, there was candle repainting later.... I am not a believer of martingale-type trading on losers, so chose to simply cut my losses and re-enter at another point. Money management will allow you to trade another day.
2nd chart is from my Alpari where I'm running the Godfather. Because I have been using that demo account for a while, I focused in on the money made from the trades taken last night -- everything was Godfather-related. I usually run 1 lot trades on that account, so I rolled with that. Again, money made, EXCEPT for those USD/CAD trades...
The USD/CAD trades ... (see the 3rd chart for the blue box which is where I entered)... was strictly my fault and shouldn't have been entered based on the other indicators. I rarely trade this pair... but I just wanted to see what would happen... ... Then I didn't pay attention and re-entered again as I got another signal from the repainting. If I stuck with the basic rules, neither of these would have happened.... guess that's why they are called rules... lol.
There's a lot of repainting that goes on with the extra indicators (seperate experimentation), but I think the combination of the other indicators, can make a trader some extra money. This is not the holy grail and I don't think this would work well being ran by an EA. A trader still has to know the basics (like fundamentals and not trading against a trend/hold a countertrend trade for a long time) and not-so-basics (like Fib retracement/Pivot Points) of trading.... I ignored a LOT of signals because of general experience with certain currencies (except that usd/cad), but overall, I made more than I lost.
Thanks, Oan, this is an interesting and cool system... hoping to get better with this as time goes on....
Fox
PS -- Forgot to mention... These were all mostly taken on 15 min TFs. One or 2 were 30 min TF, like the usd/jpy