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Shakesfx GBP/ JPY Parabolic SAR. Nothing more, nothing less

  • #101
  • Jan 7, 2009 11:54pm Jan 7, 2009 11:54pm
Yes it looks so great . Thanks Timefreedom .

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #102
  • Jan 8, 2009 7:51am Jan 8, 2009 7:51am
hii guys i think its good strategy

but does any one here got an EA for this strategy

thanks
  • #103
  • Jan 8, 2009 8:31am Jan 8, 2009 8:31am
I have downloaded the multi time frame psar template to my desktop but I don't know how to import it into my Metatrader paltform. I am new to metatrader. Any help would be appreciated. Thanks Tom
  • #104
  • Jan 8, 2009 4:15pm Jan 8, 2009 4:15pm
Why does everyone always want an EA? Trade Manual for the win.
Quoting marine_man
hii guys i think its good strategy

but does any one here got an EA for this strategy

thanks
  • #105
  • Jan 8, 2009 11:50pm Jan 8, 2009 11:50pm
Quoting volcano
I have downloaded the multi time frame psar template to my desktop but I don't know how to import it into my Metatrader paltform. I am new to metatrader. Any help would be appreciated. Thanks Tom
Just copy paste this indicator ( not template ) in your metatrador folder > expert > indicator .
Hope it will work .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #106
  • Jan 8, 2009 11:59pm Jan 8, 2009 11:59pm
Quoting marine_man
hii guys i think its good strategy

but does any one here got an EA for this strategy

thanks
Good idea & someday some expert may try it . But no strategy & EA specially can work with same results ,they all need continuous modification to adjust the present needs & market situation .a human brain can only do that .

So stick to the rules & try how to refine the exit & exit with minimum sl with this new psar indicator where we see time frames together .

If all in a row should be best situation for any time & even that if try for long time trade it can be a loss one specially in the present time , no specific good trend yet .

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #107
  • Jan 9, 2009 1:52am Jan 9, 2009 1:52am
Eurchf one good set up right now .
best of luck.
fontu
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #108
  • Edited 12:54pm Jan 9, 2009 12:36pm | Edited 12:54pm
Hello everyone, hope you have had a great trading week.

I will be away for a few days again, but here are the trades I have entered a few minutes ago based on this system, but with a couple of modifications. I decided to wait until after the NFP results were published before entering any trades this week, as I expected extreme volatility.After the NFP results I have allowed the market a couple of hours to settle before choosing an entry point.

Normally I would wait until Sunday evening GMT and enter at the new Daily and weekly Weekly SAR, but as I will be away for a few days, and these trades are very unlikely to cross the Weekly SAR at this point, and I have entered now.

Some SL’s have been reduced to the 4hr SAR as the Daily SAR is just too large for my liking on some pairs at the moment. Let’s see how these develop over the next week or two and if this basic system works across all pairs...

Open Trades:

NZD/USD @ +150 (SL at B/E)
New Trades Entered:

EUR/CHF Sell @ 1.4978 SL 1.5107 (SL @ Daily SAR)

EUR/AUD Sell @ 1.9164 SL 1.9509 (SL @ 4Hr SAR)

EUR/TRY Sell @ 2.1070 SL 2.1557 (SL @ 4Hr SAR)

USD/JPY Sell @ 90.22 SL 94.72 (SL @ Daily SAR)

NZD/CHF Buy @ 0.6566 SL 0.6167 (SL @ Daily SAR)


Possible Trades (i.e. Weekly and Daily in confirmation but waiting for 4hr)

GBP/JPY waiting Buy confirmation on 4hr
USD/NOK waiting Buy confirmation on 4hr
USD/ZAR waiting Sell confirmation on 4hr
NZD/JPY waiting Buy confirmation on 4hr
CAD/JPY waiting Buy confirmation on 4hr
AUS/USD waiting Buy confirmation on 4hr
TRY/JPY waiting Buy confirmation on 4hr

Cheers
Remember, these are not trade recommendations. Trade what you see on your charts, not what I say. :nerd:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.eur chf sell.gif Size: 21 KB
Click to Enlarge Name: 2.eur aud sell.gif Size: 22 KB
Click to Enlarge Name: 3.eur try sell.gif Size: 22 KB
Click to Enlarge Name: 4.usd jpy sell.gif Size: 18 KB
Click to Enlarge Name: 5.nzd chf buy.gif Size: 23 KB
  • #109
  • Edited Jan 10, 2009 2:21am Jan 9, 2009 3:30pm | Edited Jan 10, 2009 2:21am
Quoting shakesfx
Open Trades:

NZD/USD @ +150 (SL at B/E)
New Trades Entered:

EUR/CHF Sell @ 1.4978 SL 1.5107 (SL @ Daily SAR)

EUR/AUD Sell @ 1.9164 SL 1.9509 (SL @ 4Hr SAR)

EUR/TRY Sell @ 2.1070 SL 2.1557 (SL @ 4Hr SAR)

USD/JPY Sell @ 90.22 SL 94.72 (SL @ Daily SAR)

NZD/CHF Buy @ 0.6566...


Open Trades:


NZD/USD Buy @ 1.5767 +133

EUR/CHF Sell @ 1.4978 +10

EUR/AUD Sell @ 1.9164 +54

EUR/TRY Sell @ 2.1070 +100

USD/JPY Sell @ 90.22 +0

NZD/CHF Buy @ 0.6566 +10


All SL's moved to -200 as we enter the weekend.

SL's will be moved back to previous positions Sunday PM GMT before trading recommences.


Have a great weekend everyone
  • #110
  • Edited 1:47pm Jan 10, 2009 1:26pm | Edited 1:47pm
My observation of PSAR after using it overtime is that, if PSAR dot is broken on a timeframe, it actually heralds the commencement or continuation of that trend on the next higher timeframe. For example if 4hrs PSAR dot is broken, daily TF is about to commence on a trend. If you switch to your daily and check the candle, the candle formation will definitely confirm this.

In essence if you trade daily TF, watch out for PSAR dot break on 4hrs and if you trade 4hrs, watch out for PSAR dot break on 1hr.

I watch out for d break on 1 hr when i trade 4hrs TF in the direction of the daily TF trend and look out for the break of the PSAR dot again on 1hr TF in the opposite direction to get out of the trade.

However, because i want to maximise my profit, i always wait for a pullback before i exit the trade. But this might not work for mechanical traders or those traders that do not have the time to babysit their trades. So for such traders it is okay to exit the trade.

It works the same way by using the PSAR dot on the next lower TF to trail stop your trade. Please watch out for those stop loss hunters. LOL.

Hope this makes sense. I am of the opinion that i always do a bad job of explaining things.

Happy piping to everyone.
  • #111
  • Jan 12, 2009 9:59pm Jan 12, 2009 9:59pm
I think this system is great, especially for those who aren't able to see chart on every minute and every hour, just like me
The backtesting also delivers a profitable result (although on my broker, liteforex, it shows a slight loss in 2006, but well covered in the following years.......patient is the key)

Although this year is opened with around -516 pips losses on GBP/JPY, I think it is just the beginning, just stick to the system

Good luck to you all....happy pipping...
  • #112
  • Jan 13, 2009 6:06pm Jan 13, 2009 6:06pm
Quoting ekkuso
I think this system is great, especially for those who aren't able to see chart on every minute and every hour, just like me
The backtesting also delivers a profitable result (although on my broker, liteforex, it shows a slight loss in 2006, but well covered in the following years.......patient is the key)

Although this year is opened with around -516 pips losses on GBP/JPY, I think it is just the beginning, just stick to the system

Good luck to you all....happy pipping...
I think its a better idea to trade other pairs too. So that you have less losses in case one pair is performing badly
  • #113
  • Jan 17, 2009 6:52am Jan 17, 2009 6:52am
Results from positions opened on demo last week and closed Friday:-

NZD/USD Buy @ 1.5767 Closed at 1.5421 -346
EUR/CHF Sell @ 1.4978 Closed at 1.4779 +101
EUR/AUD Sell @ 1.9164 SL Hit at 1.9509 -345
EUR/TRY Sell @ 2.1070 SL Hit at2.1557 -487
USD/JPY Sell @ 90.22 Closed at 90.22 -0
NZD/CHF Buy @ 0.6566 SL Hit at 0.6167 -399

Well there we go. I trade Price Action but looked at SAR to see if it had an edge for longer term trades.
I must admit, backtesting manually seemed to show amazing results, but of course now I realise after demo-ing this system, the reality is completely different. Large SL’s are required (as we knew anyway) but most of these were hit. Maybe someone is having success with the smaller timeframes, please feel free to post.
I normally trade using price alone, literally, and have been successful using price action in the lower time frames...should the trade develop then it is left to turn into a long term trade and can run for weeks sometimes whilst the pip count climbs.
I use no candles, S+R, Fibs, and MA etc. Just raw price. I was tempted to try an indicator again, and glad I tried this out on demo. I have learnt the error of my ways and will never be swayed into thinking about an indicator again!! I will stick to my squiggly black line as it produces the most consistent profitable results for me (with real money).
I have started a live trading journal here on Forex Factory explaining how I trade using price alone and have listed my trades thus far. The trades over 3 days this week alone scalping one pair (EUR/JPY) are nearly 1000 pips...and instead of a 500 SL such as above, I use 15. The link is at the bottom of this post in my signature line. I’m not trying to prove anything or bragging here, I just hope that you can see that indicators are lagging history...they cannot predict the future, neither can I, but I can (and so can you) tell what price is doing “right now” and where it is “going right now”. Based on this, most trades can be successful.
Here is a screenshot at the bottom of this post of a completely naked chart I trade from, if everyone traded using price action I’m afraid there would be too many winners.
One final note: Newbie’s, PLEASE PLEASE PLEASE never pay for a system, a “special indicator” or “advice” or “signals”. Been there, done that, learnt the hard way. Ask yourself “why do they charge?” Wouldn’t they keep it a secret if they were earning millions? Wouldn’t they want to keep the masses from learning their edge so that their system didn’t fail eventually?
The only way to learn is screen time, lots of it. You will then have sufficient knowledge to earn well.
Screen time is free, learning price action is free, learning money management costs money....normally your first 1 or 2 accounts.
I wish you well and all the best of pippin.
Cheers bro's

Shakesfx
Attached Image (click to enlarge)
Click to Enlarge Name: tick eurjpy 1111.gif Size: 23 KB
  • #114
  • Jan 17, 2009 7:34pm Jan 17, 2009 7:34pm
You are right! I have also taken indicators off my charts for the past 2 weeks. I now trade support/resistance which is a strategy thats never out of date..
  • #115
  • Feb 6, 2009 8:00pm Feb 6, 2009 8:00pm
Second that guys.

If indies worked, they could be made into EA's. If that worked, why would banks & trading houses need legions of traders? They could switch there computor on Monday morning, go home, & come back Friday to count the money - we all could.

Price action is the key.

For those that like them, try this one. It's for Sar lovers
Attached File(s)
File Type: ex4 SAR_Bar_v1.ex4   16 KB | 867 downloads
So make sure it's an exciting one, 'cos it's the only one you get!
  • #116
  • Last Post: May 24, 2009 2:30pm May 24, 2009 2:30pm
Quoting shakesfx
Thanks very much! I've been looking everywhere for that type of SAR indicator. Much appreciated TimeFreedom
High guys, I just finished modifiying signalTable indi it took two hole day dont know why.. i can do in 30secs now lol. hope its ok it not my intention to detract any from the origal methed just to help in any small way if i can. psar is my first luv like a wife deserve more respect so i will b wathcing this thread.
Attached File(s)
File Type: mq4 signalTable sar.mq4   5 KB | 860 downloads
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