mechanical 1min

I will update later but going well

2 biggest wins so far +20 and +35 since 8am Uk time

P

Hi Paulus,

I found your system severals days ago while lurking around on the forum as I'm done trading until 2009 so have time on my hands.

I did a demo trade giving it a try & on $/Y produced 40 pips & on the E/$ produced 28 pips. Good results I'd say.

I used the indicators on the 5M tf. (SuperSignal & i Stoch txt). The closer the signals are given together seems to be the best trades.

I am currently using a method that works for me, but I will say your system seems to be spot on. SuperSignals is no doubt a repainter, but it can be used as is apparent with your system.

Do you code indicators?

Regards
_____________________________

Hi Ace alas no ..but it may well be a new years resolution to find out how

p

ok considering its NYE I think the results are good

22 signals so far for +65 pips or $650 per contract

12 wins strike rate 54%

Longest losing run 3
Longest winning run 4

Paulus

Just using the istoch signals without the super signal we get

35 signals

46% strike rate

for 84 pips

Longest losing run 6
longest winning run 3

But winners tend to be bigger,because we close on the 1st signa of weakness ie if long we close on a down candle when it appears it keeps losers smaller than normal this goes for both sets of figures

on this set of figs average win is 11 pips average loser is 3.7 so a good risk return also


Im now up to covent garden


hmmmm

P

ok since last post we have 4 signals

1 is with istoch and super signal = +8

the other 3 are all istoch signals on there own for +5+2+5

The +21 you see is already inc in the figures posted earlier..if Im still happy with the system I will post a full set of rules

p

PAULUS Hallo

what is the win rate whit the supersignal and how much trade umade today


thanks :}

FF

Hello Paulus,

do you use a S/L ? If yes, how big? Or do you close your position
if you see that the price went against you ?

Thanks...i wish you and your families a happy new year
i hope we can catch next year some pip´s

pip pip hurra :-)

Paulus,

Do you use an inital stop as soon as you enter or do you just wait until the 1st bar closes against your trade? Also, are the gain in pips that you post about after the usual 2 pip spread? Look forward to testing.

Thanks,
PC

Paulus,

Yes, iStoch could be a standalone. From what I looked @ NOT TOO bad & NO REPAINT issues it seems. Take a look @ RSI when iStoch gives a signal.

Istoch may not repaint but the arrows can appear and disappear intra bar, always something to consider.

Cryten,

Tks for that. Once the bar has closed will that lock it in. It appears so from what I have seen. Tks for your views.

Ya once the bar has formed the arrow should stay put otherwise that would be classed as repainting.

Cryten,

Tks for that. Good trades.

Stops

Your stop is the next bar opposite to your trade

So if you go short on a down bar the next up bar is your close.You can set an emergency 15 pip sl I dont when I enter I instantly right click on close and have my mouse over the close tab if I get a close bar then I close with around 5 secs to go on that candle

5min trading

This was suggested by ace trader and seems to pin point trading areas well with entry by istoch ... dont forget if the stoch is over 80 and comes down through 80 it will give a sell signal and visa versa when under 20

Look at the charts not alot of trades but very decent moves

Paulus

USDNOK

Paulus,

Just notice the short signal from iStoch on the $/Y pair & RSI topped as well.
This on the 5m tf. Have you made any refinements to the method? I'm not trading now, so I have time to observe & what I see looks good. Keep us posted.

Here's an example of how the SuperSignals repaints after going back and forth to a larger TF chart. Look at the white arrows I placed on the charts. The top is the original and the bottom is after switching back and forth. It happens often. The iStochTxt seems to stay put.

Paulus I don't know if you know of it but for MT4 stuff take a look at Forex-TSD. It's the first place I go to research a new indicator and one can usually find out quite quickly all there is to know about a certain indicator.

PistolDave,

Good example of what SuperSignals will do. Not dependable. Tks for the charts.