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loganmethod

  • #1
  • First Post: Dec 10, 2008 7:28am Dec 10, 2008 7:28am
Hi ,
i share with you my new system... it's for all currencies...
You need : time frame 15 mn
On price
- loganindicator
under :
- DMI 13 adx with level 20
- rsi 8 with level 55, 45

rules :
BUY at the open of the next bar if :
price close above yhe middle line of logan
RSI above 55
+DI > - DI ans adx is going up

On the zip file i give you the indicator and the template


SHORT at the open of the next bar if :
price close above yhe middle line of logan
RSI under 45
+DI > - DI ans adx is going up

stop loss at 40 pips for the majors & TP at 60 pips
Attached File(s)
File Type: zip logan method.zip   57 KB | 1,784 downloads
  • #2
  • Dec 10, 2008 7:29am Dec 10, 2008 7:29am
Look the chart !
Attached Image (click to enlarge)
Click to Enlarge Name: methode logan.jpg Size: 149 KB
  • #3
  • Dec 10, 2008 8:26am Dec 10, 2008 8:26am
I think you have very good system. Plz, teach me more, thx.
  • #4
  • Dec 10, 2008 8:31am Dec 10, 2008 8:31am
hi sir,
atleast i found a thread which is just started and we can go a long way developing it.... lets rock


simply123
Knock at the sky and feel the thunder
  • #5
  • Dec 10, 2008 8:44am Dec 10, 2008 8:44am
well since i am a newbie would like to ask a few things

1.The MACD , STR and EMA values in the top right corner are based on what parameters ?

2. the "pips to open " ( as far as i understand is the pip by which the price is away from the open ) .. but how do u determine the open ? i mean what time have u taken as the opening time ?

3. the 3rd question abt "high to low " also revolved around the second one

there are many more but lets begin the session with these
Knock at the sky and feel the thunder
  • #6
  • Dec 10, 2008 8:58am Dec 10, 2008 8:58am
Ten dollars a pip on a $5,000.00 account?
  • #7
  • Dec 10, 2008 10:15am Dec 10, 2008 10:15am
What do you use for an exit if it doesn't hit the 60 pip TP?

TIA
  • #8
  • Dec 10, 2008 11:23am Dec 10, 2008 11:23am
Quoting simply123
well since i am a newbie would like to ask a few things

1.The MACD , STR and EMA values in the top right corner are based on what parameters ?

2. the "pips to open " ( as far as i understand is the pip by which the price is away from the open ) .. but how do u determine the open ? i mean what time have u taken as the opening time ?

3. the 3rd question abt "high to low " also revolved around the second one

there are many more but lets begin the session with these
It's the tendance indicator , it's just for to have some informations ...
  • #9
  • Dec 10, 2008 11:23am Dec 10, 2008 11:23am
Quoting paradoxical
Ten dollars a pip on a $5,000.00 account?
€ i live in France ...
  • #10
  • Dec 10, 2008 11:25am Dec 10, 2008 11:25am
Quoting Eureka
What do you use for an exit if it doesn't hit the 60 pip TP?

TIA
these stoploss & take profit are in the rules & often i don't respect completly the my rules
  • #11
  • Dec 10, 2008 11:30am Dec 10, 2008 11:30am
Quoting breizhfx
these stoploss & take profit are in the rules & often i don't respect completly the my rules
Why bother with setting rules if you do not respect them. Rules and system only matter if you follow them everytime, otherwise you trade with no rules and no system.
Stubbornly persistent
  • #12
  • Dec 10, 2008 11:52am Dec 10, 2008 11:52am
Quoting breizhfx
these stoploss & take profit are in the rules & often i don't respect completly the my rules
But not every trade is going to hit a 60 pip TP. So, do you just do nothing and let the trade turn around and hit the 40 SL?

You should have some kind of exit plan, perhaps even a trailing stop.

But that's my opinnion.
  • #13
  • Dec 10, 2008 12:09pm Dec 10, 2008 12:09pm
With a $5,000.00 account, going at a ratio of $10.00 a pip is dangerous unless you have very small stops and a very high winning percentage. losing just 100 pips costs 20% of your account.
  • #14
  • Dec 10, 2008 12:39pm Dec 10, 2008 12:39pm
Quoting breizhfx
Hi ,
i share with you my new system... it's for all currencies...
You need : time frame 15 mn
On price
- loganindicator
under :
- DMI 13 adx with level 20
- rsi 8 with level 55, 45

rules :
BUY at the open of the next bar if :
price close above yhe middle line of logan
RSI above 55
+DI > - DI ans adx is going up

On the zip file i give you the indicator and the template


SHORT at the open of the next bar if :
price close above yhe middle line of logan
RSI under 45
+DI > - DI ans adx is going up

stop loss at 40 pips for the majors & TP...


Please repost the Logan indicator. I cannot get the one already posted to work. Thanks
  • #15
  • Dec 10, 2008 1:12pm Dec 10, 2008 1:12pm
I think the short rules arn't written right ?
  • #16
  • Dec 10, 2008 1:39pm Dec 10, 2008 1:39pm
Quoting Mandl2007
I think the short rules arn't written right ?
Yes scuse me there is a mistake

Rules correct :
BUY at the open of the next bar if :
price close above the middle line of logan
RSI above 55
+DI > - DI & adx is going up

SHORT at the open of the next bar if :
price close under the middle line of logan
RSI under 45
+ DI < + DI & adx is going up

stop loss at 40 pips for the majors & TP at 60 pips
  • #17
  • Edited 2:25pm Dec 10, 2008 1:41pm | Edited 2:25pm
hi , the indicators and the template ...

ps: about my results some EA help me to trade when i sleep
Attached File(s)
File Type: ex4 LoganIndicator.ex4   3 KB | 753 downloads
File Type: tpl #logan.tpl   10 KB | 700 downloads
  • #18
  • Dec 11, 2008 12:26am Dec 11, 2008 12:26am
1st candle:
the price is above the middle line of logan
DI> -DI
ADX is going up
but RSI <55

2nd candle:
the price is above the middle line of logan
DI> -DI
ADX is going down
but RSI > 55

In that case, what do you do? entry or not?
  • #19
  • Dec 11, 2008 4:46am Dec 11, 2008 4:46am
Quoting qwer2004
1st candle:
the price is above the middle line of logan
DI> -DI
ADX is going up
but RSI <55

2nd candle:
the price is above the middle line of logan
DI> -DI
ADX is going down
but RSI > 55

In that case, what do you do? entry or not?

NOT !!! you must wait rsi > 55 for a Buy or Rsi <45 for a sell !!! it's very important !!!
  • #20
  • Dec 11, 2008 5:24am Dec 11, 2008 5:24am
Hello and thanks for shering,

What are for the red and blue lines from LoganIndicator?

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