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  • #1,081
  • Mar 19, 2007 8:04pm Mar 19, 2007 8:04pm
A little spreadsheet I put together using Genesis data. Could it be that simple?
Attached Image
  • #1,082
  • Mar 19, 2007 9:44pm Mar 19, 2007 9:44pm
Trinity,
I'm having the same problem w/ CSI for the data of 3/19. For GBP/USD I actually have a high that's lower then the open price. Please let us know your outcome.
  • #1,083
  • Mar 19, 2007 9:52pm Mar 19, 2007 9:52pm
Quoting snug
Trinity,
I'm having the same problem w/ CSI for the data of 3/19. For GBP/USD I actually have a high that's lower then the open price. Please let us know your outcome.
Snug
I got this about 30 min ago. A check now & then of one pair like GBPUSD after an update should reveal if they have fixed the problem -- if they don't email their subscribers.

"Sorry for taking to long to answer your email, We are having multiple problems with our forex prices and unfortunately not all the market have been fix yet. Our Database department are working to have the correct prices and have them posted as soon as possible. We are having a high volume of calls and emails about this issue. Thank you for your patience."

CSI TECHNICAL SUPPORT
  • #1,084
  • Mar 20, 2007 5:42am Mar 20, 2007 5:42am
Quoting BeachBum
IMO, this is excellent advice for using VP! Stoney would you have the time to post a chart or two showing how your strategy looks? Thanks in advance.
I'd be happy to. This chart shows the basics. Quality of image not as good as I would like, sorry. I look for a trade as soon as the NI changes.

I hope to have more charts and data for everyone soon. If I make a Camtasia movie, does anyone know how I can make it available to the goup?

Stoney
Attached Image
  • #1,085
  • Mar 20, 2007 7:19am Mar 20, 2007 7:19am
Here are better charts to see a trade opening on Jan. 25 going short on GBP/USD. The first chart is the VP set up, the second is from VT Trader from CMS Forex. Red lines show stops at VP predicted high. Green lines are profit targets at 50 and 100 pips.
Attached Images
  • #1,086
  • Mar 20, 2007 10:13am Mar 20, 2007 10:13am
Stoney............thanks very much for sharing this with us!

Quoting Stoney
I'd be happy to. This chart shows the basics. Quality of image not as good as I would like, sorry. I look for a trade as soon as the NI changes.

I hope to have more charts and data for everyone soon. If I make a Camtasia movie, does anyone know how I can make it available to the goup?

Stoney
  • #1,087
  • Edited 2:18pm Mar 20, 2007 2:15pm | Edited 2:18pm
Hello All,

I took the liberty of starting a Google group for us which might make it a little easier to share charts and other files which are bigger/more detailed than what is allowed on this forum. The url is:

http://groups.google.com/group/vp-users-group/

Please note that this is a public list, and I have no interest in moderating/censoring what is posted there, who can join, what files are posted, etc. I just want a convenient way to share information with other members of this forum. You are responsible for being respectful and only sharing what you feel comfortable with others seeing. Anyone who accesses the site will be able to see a list of other members including their e-mail address, etc.

Hope this is helpful,
Stoney
  • #1,088
  • Mar 20, 2007 3:00pm Mar 20, 2007 3:00pm
Hi Stoney...

I think it's a great idea for VP users to get together for the purpose of exchanging trading ideas and charts without having to contend with some of the chart size restrictions here at FF.

Most recently I have been using www.traderchat.com for this purpose. Many successful VP users are there and there's a lot of very useful information posted as well. I suggest you check it out.

Thanks again for your valuable input on using VP!

Quoting Stoney
Hello All,

I took the liberty of starting a Google group for us which might make it a little easier to share charts and other files which are bigger/more detailed than what is allowed on this forum. The url is:

http://groups.google.com/group/vp-users-group/

Please note that this is a public list, and I have no interest in moderating/censoring what is posted there, who can join, what files are posted, etc. I just want a convenient way to share information with other members of this forum. You are responsible for being respectful and only sharing what you feel comfortable with others seeing. Anyone who accesses the site will be able to see a list of other members including their e-mail address, etc.

Hope this is helpful,
Stoney
  • #1,089
  • Mar 21, 2007 11:05am Mar 21, 2007 11:05am
Quoting williamk
Howdy all,

Since updating to 7.0 I have been testing different methods. The "4 out of 5" method still works well the key is major $$$ managment. Making sure you let your winners run because if you don't you will at best breakeven. http://www.traderchat.com/boards/ima...lies/frown.gif

I can't stress enough that you need to take any method found here or anywhere else with you brokers candles for the Open, High, Low & Close. That is the data that you will be actually entering and exiting when you trade with REAL $$$$. All brokers data is not the same so your results may not be the same as mine but close.

The method that I have come up with and am trading with REAL $$$ on the GbpJpy & GbpUsd. The results for and again using my brokers candles backtested by hand is:

72% for the GbpJpy with 52% of total trades greater than 100pips

71% for the GbpUsd with 50% of total trades greater than 100pips

The chart setup and method is :
Predicted Neural Index (NI)
Predicted Short Term Difference (PSTD)
Predicted Medium Term Difference (PMTD)

When the NI changes to a 1 signaling a Long check to make sure the PSTD is above the PMTD. You have a Long signal

When the NI changes to a 0 signaling a Short check to make sure the PSTD is below the PMTD.

I told you it was KISS(Keep it Simple Stupid) http://www.traderchat.com/boards/ima...ies/tongue.gif

Again I found this to work best on the GbpJpy & GbpUsd

Fellow Pip Hunter

Bill
Great work Bill! After you posted this I looked back on GBP/USD for this year and adding predicted High, Low, Stochastic, etc. as I had proposed did not improve results over your method. However, I do think my charts are prettier as they have more colored lines .

I'm going to try your method on more pairs.

Thanks,
Stoney
  • #1,090
  • Mar 21, 2007 10:17pm Mar 21, 2007 10:17pm
Howdy Stoney,

Yes yours is prettier and also reminds me of the light shows that were at the concerts I went to in the 70s(remember old hippies don't die they just flash back)

Anyway I use this method as I posted on the GbpUsd and the GbpJpy only. I have other methods I use on the other crosses I trade. I trade the EurCad with just the NI no filter of the short and med lines I found the backtested results on it was about 10% better.

I can't stress enough to do your backtesting with the charts you use to actually trade with since those are the prices you actually would of gotten not the OHLC on VP.

I still trade the UsdChf with the "4 out of 5" method tested it different ways and it came out with the best results 72% as opposes to 57% with the NI method only.
"When there is no peril in the fight there is no glory in the triumph."
  • #1,091
  • Mar 22, 2007 7:48am Mar 22, 2007 7:48am
Sorry for the strange title, but thats how I feel. I've read thru these threads for the last two days and agree totally with what I've read. I bought VP as a non trader, with the idea that it was the Holy Grail. It was like giving a five year old a corvette and saying drive it to school. I've had it for five months and was getting discouraged. The tech support is not the greatest. I've talked to four trainers so far and non have given me the info that you have here on the forum. There were times that I thought that VP was junk. But it wasn't VP it was me. I have purchaced subscriptions and stratagies, but I kept coming back to VP. I knew that there was something that I was missing. What I needed was guidence, which I found here. I realize that VP trainers can't tell you how to trade. If things went bad they would be blamed. They sent me to traderchat, but to be truthfull you have much more to offer then they do. I started to use the 4 of 5 method yesterday and had four winning trades by the end of the day. I lost two this morning because my stop was not deep enough. I need some teaching on that. I have a tendency to be to shallow because of fear of lossing to much. And in the end I lose anyway. My GBP/JPY stop was at 060, as I thought it would'nt get that low. Could you give me some advice on stops. And by the way my wife thanks you too. I started growing a beard a few weeks ago and told my wife that I wouldn't shave intil I started having winning trades. Looks like I'll be shaving soon.


PS You don't know how thankful I am to find this site. This isn't something that I want to do, Its something that I have to learn. I blew my knee out at Christmas and as a finish carpenter, Its tough not being able to kneel or climb ladders to trim. So for my family its do or die. Thanks again.
  • #1,092
  • Mar 22, 2007 7:30pm Mar 22, 2007 7:30pm
Howdy erhardt-m,
I am very happy you have started to find a use for VP. I am glad the "4 out of 5" method is giving you some winning trades so congrats. BUT and there is always a but that method works around 60-70% of the time which is unbelievable results but it needs to be used with PERFECT MONEY MANAGMENT because remember it also losses 30-40% of the time. Here is a great link for that:

http://www.mataf.net/en/money-management.htm

As far as www.Traderchat.com goes it is a new site or forum open a few months or so and this thread since the end of 2005. What is real great about TRaderchat is the mix of traders there. There are traders not only trading Forex but also commodities. This has given me so many more trading ideas then I have gotten from here even tho I owe a debt of gratitude from the participants here. So I would advise going over there and really give it a good study. One of the ideas I posted here the other day is from there. That post is #1078.

As I have said in the past you need to backtest the VP signals using the candles supplied from the broker you are trading with not the ones from VP. Just speaking to about 4 traders each getting different backtested results using the same method. It's not the trader its the data. So TEST TEST TEST until your sure the "4 out of 5" method or any method posted here or on any forum works on a large enough sample.

Good luck

Fellow Pip Hunter

Bill
"When there is no peril in the fight there is no glory in the triumph."
  • #1,093
  • Mar 23, 2007 7:13am Mar 23, 2007 7:13am
FYI & FWIW!

The method I'm currently having success with on VP7 is the following:

1. Cross of PREDICTED short term trend over PREDICTED medium term trend

2. Neural Index in the same direction as the cross - i.e., "1" for a cross up/long signal, "0" for a cross down/short signal

3. Candle on the predicted moving average cross is 'right' - i.e., white/up candle for a cross up/long signal, black/down candle for a cross down/short signal

4. PREDICTED stochastics cross in the 'right' direction, and not overbought nor oversold - i.e., cross up for a long signal, cross down for a short signal. I generally follow the suggested limits of predicted stoch being between ~20 & ~70 for a long, and between ~80 & ~30 for a short...

Signals 1), 2) & 3) are the primary indicators... 4) is used to confirm/qualify the possible strength/legs of the move....

I find the 4 lots approach works well (or 3 depending on risk %) -- take profit at 50, 100, 150 pips, let the 4th lot ride the wave.

I set initial s/l at ATR(10) and move to BE after 50 pips profit. From there I trail the stop using the VP predicted hi/low, setting the stop 10 pips outside the prediction (plus spread if the trade is a short, minus spread if the trade is a long), but also using the candle signals -- if a candle is showing a possible reversal, and depending on the condition of other indicators (stoch, NI, predicted medium term difference & predicted short term difference, & predicted hi/low trend) I may move the stop right up near the just-closed candle, or just close the trade altogether and see what develops....

This works well basically with all the pairs, altho some are definitely cleaner/smoother movers than others -- the best generally look to be GBP/USD, GBP/JYP, EUR/JPY, AUD/JPY, AUD/USD, NZD/USD

Caveat emptor of course: this approach of course isn't perfect!.. you can still get whipsawed, that's the reality of the dynamic marketplace, unfotunately.... but more times than not, this set up works out... and the trade management approach lets you come away with at least some profit.

I'll work on getting a chart to post...

Good Hunting to all!
  • #1,094
  • Mar 23, 2007 7:16am Mar 23, 2007 7:16am
a tool I'd DEARLY love to see VP add to the package is a Fibo drawing capability.... and maybe even ATR also? But especially the Fibs tool... So we don't have to go 'look somewhere else'....

thought i'd put this out there just in case they're listening!...

Cheers
  • #1,095
  • Mar 23, 2007 7:56am Mar 23, 2007 7:56am
Howdy Tango,

Great suggestion and yes they are listening on how to improve the program. I recently was talking to a person from VP who asked me on suggestions on adding value to an already great product. So yes they are listening to suggestions but change takes time implementing these changes. It is like a cruise ship it takes time and miles to change direction.

If I can make a suggestion the methods mentioned here and on TraderChat are more than enough to make you a profitable trader. Once you start adding all different indicators and the like you will begin to get bogged down with ANALYSIS PARALYSIS. Just a suggestion

Fellow Pip Hunter

Bill
"When there is no peril in the fight there is no glory in the triumph."
  • #1,096
  • Edited 2:13am Mar 25, 2007 2:02am | Edited 2:13am
Does anyone use, or know of, an Expert Advisor (EA) for Metatrader 4 that will allow a fixed stop loss and a trailing stop loss set a trigger level, as well as taking profit at 3 different pip/$ levels, from one trade entry?

Seems like we could benefit from that especially in Oceania where much of the action takes place in the dead of night.
  • #1,097
  • Mar 25, 2007 4:53pm Mar 25, 2007 4:53pm
Hi all, i've got a 5/5 on usd yen and swissy long.
Wondering if anyone concurs and has any advice on how to play any of these.
Just trying to get a handle on this method.
My confidence is low just now as I got hammered last week due to some stupid mistakes.
Swissy looks like a mess...the ma system I follow gives me an hourly entry 1.2182 at the moment but a short signal from the 4hr at 1.2218. i also see big resistance zone starting here. Weekly also looks like a short entry is the one to look for. Most of this goes against the 5/5 long. Took the hrly entry....lets see.

Usd yen is falling hard as I type........glad I didnt just jump on that but it has come right down to the predicted low-got to be worth a punt...
It would be nice if this thread became a little more live trade orientated now as there has been so much great info shared and tested perhaps this might kickstart the process
All the best
SS
GOD IS NOT SHORT OF CASH
  • #1,098
  • Mar 25, 2007 5:07pm Mar 25, 2007 5:07pm
Following WilliamK's strategies, look at GBPUSD, EURUSD,GBPJPY for shorts, USDCAD for long. Demo or use tight money management.


Quoting Swami S
Hi all, i've got a 5/5 on usd yen and swissy long.
Wondering if anyone concurs and has any advice on how to play any of these.
Just trying to get a handle on this method.
My confidence is low just now as I got hammered last week due to some stupid mistakes.
Swissy looks like a mess...the ma system I follow gives me an hourly entry 1.2182 at the moment but a short signal from the 4hr at 1.2218. i also see big resistance zone starting here. Weekly also looks like a short entry is the one to look for. Most of this goes against the 5/5 long. Took the hrly entry....lets see.

Usd yen is falling hard as I type........glad I didnt just jump on that but it has come right down to the predicted low-got to be worth a punt...
It would be nice if this thread became a little more live trade orientated now as there has been so much great info shared and tested perhaps this might kickstart the process
All the best
SS
  • #1,099
  • Mar 25, 2007 6:02pm Mar 25, 2007 6:02pm
Quoting Trinity
Following WilliamK's strategies, look at GBPUSD, EURUSD,GBPJPY for shorts, USDCAD for long. Demo or use tight money management.
Of the 4 you quote I only have £$ and Euro $ on vp 6.3 .
I see N.I. down to 0 and predicted short term trend below medium but no 4/5 or better...Is it the new strategy you refer to ? Do you not think the 2 pairs I mentioned above qualify under the 4/5 strategy?
Thanks
GOD IS NOT SHORT OF CASH
  • #1,100
  • Mar 25, 2007 6:13pm Mar 25, 2007 6:13pm
Swami, I'm now using VP 7.0 and I'm referring to his strategies for VP 7.0 which I have found useful. Sorry, I don't have VP 6.3 now.

Quoting Swami S
Of the 4 you quote I only have £$ and Euro $ on vp 6.3 .
I see N.I. down to 0 and predicted short term trend below medium but no 4/5 or better...Is it the new strategy you refer to ? Do you not think the 2 pairs I mentioned above qualify under the 4/5 strategy?
Thanks
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