FX 1M Bounce system | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The System Behind the System, by Merlin Jeffries 16 replies

trendline break/bounce trade System - 1 to 3 RRR 13 replies

Easy Bounce System autotrade and manual 22 replies

Knife system, Vegas 4h system related questions. 4 replies

Would you trade this system? New system #2. 10 replies

Attachments: FX 1M Bounce system
Exit Attachments

FX 1M Bounce system

  • #101
  • Dec 28, 2008 7:17pm Dec 28, 2008 7:17pm
Quoting SirViver
Siobi,
First 3 trades losers, sell at 1.4107, sell at 1.4111, and sell at 1.4126.
Maybe add as additional filter on bounce sell, fx prime indicator must not be green, and on bounce buy fx prime indicator must not be red.
This would have prevented the 3 losing trades, what do you think?

Sir Viver

We prevent these and we're all set:
Attached Image (click to enlarge)
Click to Enlarge Name: fx1mbounce12 28 08b.gif Size: 61 KB
  • #102
  • Dec 28, 2008 7:24pm Dec 28, 2008 7:24pm
Only one thing, have you seen the spread on the eur/usd with some brokers? It will only get worse as time goes on as well.


Regards,
Jeff



Quoting Dan Johnston
We prevent these and we're all set:
  • #103
  • Dec 28, 2008 7:35pm Dec 28, 2008 7:35pm
Here is attachment
Attached Image (click to enlarge)
Click to Enlarge Name: siobi.jpg Size: 302 KB
“The waiting is the hardest part” Tom Petty
  • #104
  • Dec 28, 2008 7:56pm Dec 28, 2008 7:56pm
Quoting ClearTrade
You've got to be kidding me, IBFX is showing a 15 to 20 pip spread on EURUSD. Stay away!!
The spread seems to be normal today.

GL/GT.
  • #105
  • Dec 28, 2008 7:58pm Dec 28, 2008 7:58pm
Kinonen's 2 cci v5, also may make good filter. settings 55 cci and 21 cci
Attached Image (click to enlarge)
Click to Enlarge Name: siobi.gif Size: 22 KB
“The waiting is the hardest part” Tom Petty
  • #106
  • Dec 28, 2008 8:25pm Dec 28, 2008 8:25pm
Siobi,

Seems to me that it is a little early for that. The time of year does not really make for a good test.

We really need to wait until the new year when traders are back at their desks and the markets start to move again.

regards
  • #107
  • Dec 28, 2008 8:28pm Dec 28, 2008 8:28pm
IBFX spread on EUR/USD is back to its normal 2 pips.
  • #108
  • Dec 28, 2008 8:31pm Dec 28, 2008 8:31pm
Where is the EA? I don't see any attachment named as EA.
Starting to see instead of just looking.
  • #109
  • Dec 28, 2008 8:37pm Dec 28, 2008 8:37pm
Quoting Rastaman
Where is the EA? I don't see any attachment named as EA.

FX_1M_Bouncing_V102.ex4 from first post, rest goes into indicators, and template in .....template
  • #110
  • Dec 28, 2008 8:48pm Dec 28, 2008 8:48pm
Thanks for pointing me to the EA.
Thought this was just another indicator and not an EA.
Starting to see instead of just looking.
  • #111
  • Dec 28, 2008 8:49pm Dec 28, 2008 8:49pm
No problem!

While waiting for some decent price action on e/u, playing with stochrsi, and find it quite "interesting", no? Could almost trade it alone on most of the 20, 80 turnarounds in this ranging market. If it wasn't for the crazy spreads earlier.

Thanks to siobi, kino and everyone else here for their generousity!
Attached Image (click to enlarge)
Click to Enlarge Name: stochrsi.gif Size: 65 KB
  • #112
  • Dec 28, 2008 8:51pm Dec 28, 2008 8:51pm
Quoting Dan Johnston
"Please help to contribute some idea or maybe shall I close this thread because it is not a good trading system perhaps...."

No way!!! LOL
I think this is based on VERY solid foundation, and can only get better as it moves forward my friend.

I'm certain it will build momentum and will be one to watch in no time, so please if at all possible, let's all go forward!

Below are two more trades we must find way to avoid. Perhaps if trade going against us in such fashion, close trade early without waiting for 20 pip stop, somehow. Again...

good idea, but system will not know whether it follow the initial trend,
the best 'm thinking is to create the BE (break even) and Trailing Stop of 5 pip to capture the profit...

the selling chart u posted is FX Prime rules and the exit can be cater when the trend of Heiken Ashi change color.
(in V103)

the buying chart u posted is Bouncing rules and the exit still cant be determine but BE can ensure losing of the trade....
(in V103)
  • #113
  • Dec 28, 2008 8:55pm Dec 28, 2008 8:55pm
Quoting SirViver
Siobi,
First 3 trades losers, sell at 1.4107, sell at 1.4111, and sell at 1.4126.
Maybe add as additional filter on bounce sell, fx prime indicator must not be green, and on bounce buy fx prime indicator must not be red.
This would have prevented the 3 losing trades, what do you think?

Sir Viver
hi Sir Viver,
thanks for the input, I think boucing system can be always intercept with fxprime rules....

if bouncing showing SELL and the 5M HAS showing sell as well, FXPrime will not show green...(concept wise... but FXprime show GREEN!!!)

the only problem happend here is when bouncing system showing SELL, the 5M HAS is RED, system take the trade... but next minutes/bar, it turn into BLUE.... and the FXprime start to show green.....

hm.. maybe that is the time we determine the exit of bouncing system?
Not sure yet... need further testing...

and additional filter to cater if the FXPrime showing other trend while we entering the trade....

good idea...
  • #114
  • Dec 28, 2008 9:00pm Dec 28, 2008 9:00pm
Quoting azjeff
Only one thing, have you seen the spread on the eur/usd with some brokers? It will only get worse as time goes on as well.


Regards,
Jeff
spread control will be in V103
  • #115
  • Dec 28, 2008 9:02pm Dec 28, 2008 9:02pm
Sounds good to me my friend! LOL

I'm just here playing around untill I gain the courage to step back into the market after having lost approx $2200 some months ago. Had I not hedged that sucker, it would be much bigger loss, and at least I didn't blow my whole account. (My first hedge trade!) That was one fun ride!!! LOL

From good peeps like yourself, have learned much since then, but I'll let you and others more adept at this to do the thinking after putting my very small and amateurish ideas forward.
  • #116
  • Dec 28, 2008 9:04pm Dec 28, 2008 9:04pm
Quoting SirViver
Here is attachment
hi there,
where is the Green line?

but from your chart, we can confirm the exit of the bouncing should be control by the HAS turn into other color...
  • #117
  • Dec 28, 2008 9:14pm Dec 28, 2008 9:14pm
1) spread control
2) bouncing entering ensure not against fxprime
3) FX Prime rules exit can be cater when the trend of Heiken Ashi change color.
4) Bouncing rules exit still can be cater when the trend of Heiken Ashi change color + BE to ensure no losing....or...mnimum lose....
  • #118
  • Dec 28, 2008 9:24pm Dec 28, 2008 9:24pm
Siobi,
Yes, that should make big improvement. EA just entered buy trend trade at 1.4155 let's see where she goes!

Sir Viver
“The waiting is the hardest part” Tom Petty
  • #119
  • Dec 28, 2008 9:48pm Dec 28, 2008 9:48pm
Trailing stop, locked in profit of 3 pips. stopped out at 1.1458
“The waiting is the hardest part” Tom Petty
  • #120
  • Dec 28, 2008 10:44pm Dec 28, 2008 10:44pm
hey soibi
great work man and thanks for the EA.i think forex is worth trading becouse of people like you around.once again thanks. and soibi hope you will remember to make adjustment for those of us that uses 5 digit brokers in the new EA v103
0 traders viewing now