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Part Time Wealth Building System - "Open-Close Trending"

  • #101
  • Mar 18, 2007 4:49pm Mar 18, 2007 4:49pm
Quoting sogt725
wackena, welcome back , original EA starter from the Tlatomi method.

The set file was not updated to MA1 & MA2 = 50
When I ran the optimization tests, a range of values were tested for MA1 (maHi) and MA2 (maLo). The MA1 & MA2 values in the set files are from these optimization tests.

If you want 50, just change the input MA_1 & MA_2 to 50.

Wackena.
  • #102
  • Mar 18, 2007 6:22pm Mar 18, 2007 6:22pm
  •  Trader#0000
  • | Status: Unregistered Trader
Quoting fxnorth
Agree.


To his own admission, TK has only traded this 2 weeks (which was a 'perfect' market for this) and 2 weeks is hardly enough to prove a systems robust nature.
If TK is making it work (and I mean really making it work - 2 weeks is not proof of anything) then it is because he is using additional technical analysis to filter channel periods.


FxN
Did I miss something, TK said "in the last 2 weeks", not "I've only been trading this for 2 weeks". Surely no-one would post a system after only 2 weeks!!
  • #103
  • Mar 19, 2007 2:17am Mar 19, 2007 2:17am



we here not to spot a "in last two days" or "ive been only trading this in two weeks" contest.....
we here to make an imposible to a posible method....
we here aware of failure of this system but we still wanna break the boundaries between "a willing to test" and "a willing to steal a well tested method"


Quoting snags
Did I miss something, TK said "in the last 2 weeks", not "I've only been trading this for 2 weeks". Surely no-one would post a system after only 2 weeks!!

To The Sea My Friend....oh we already on the sea!!!!
  • #104
  • Mar 19, 2007 8:56am Mar 19, 2007 8:56am
For an Australian, you really need to relax man.

Oh, and by the way, I have seen idiots post systems with no live testing and 1 month worth of historical data. You need to read up a bit more.

FxN

Quoting snags
Did I miss something, TK said "in the last 2 weeks", not "I've only been trading this for 2 weeks". Surely no-one would post a system after only 2 weeks!!
  • #105
  • Mar 19, 2007 10:51am Mar 19, 2007 10:51am
I have modified the system to reduce the whipsawing. The following change has been made:

1. Reduce the moving average from 50 periods to 25 periods
2. Create entry Buy/Sell entry orders 50 PIPS from the moving average. For example, I am currently Long the GBP/JPY at 227.21. The current moving average is 227.78. I have a SHORT entry order at 227.28 and will adjust the entry order hourly on the hourly chart.

You can also make the entry points less than or greater than 50 PIPs. Narrower entry points will create more whipsawing and wider entry points will create less whipsawing.

I will also be posting my last proprietary system which I call the "Twisted Ribbon" system because the graphical indicators resemble a twisted ribbon when created on a chart. Based upon the "Whipsawing" feedback, I suspect most will be more comfortable with the "Twisted Ribbon" trending system...

Happy Trading,

TK
  • #106
  • Mar 19, 2007 11:56am Mar 19, 2007 11:56am
Quoting tkimble
I have modified the system to reduce the whipsawing. The following change has been made:

1. Reduce the moving average from 50 periods to 25 periods
2. Create entry Buy/Sell entry orders 50 PIPS from the moving average. For example, I am currently Long the GBP/JPY at 227.21. The current moving average is 227.78. I have a SHORT entry order at 227.28 and will adjust the entry order hourly on the hourly chart.

You can also make the entry points less than or greater than 50 PIPs. Narrower entry points will create more whipsawing and wider entry points will create less whipsawing.

I will also be posting my last proprietary system which I call the "Twisted Ribbon" system because the graphical indicators resemble a twisted ribbon when created on a chart. Based upon the "Whipsawing" feedback, I suspect most will be more comfortable with the "Twisted Ribbon" trending system...

Happy Trading,

TK
TK, I do not understand. Should not your Long position have been 228.28 not 227.21? and when you say you will adjust every hour on the hourly chart, what does that mean? How are you adjusting?

Thanks for all your wonderful system you have given us.

Carolyn
  • #107
  • Mar 19, 2007 12:00pm Mar 19, 2007 12:00pm
Quoting tkimble
I have modified the system to reduce the whipsawing. The following change has been made:

1. Reduce the moving average from 50 periods to 25 periods
2. Create entry Buy/Sell entry orders 50 PIPS from the moving average. For example, I am currently Long the GBP/JPY at 227.21. The current moving average is 227.78. I have a SHORT entry order at 227.28 and will adjust the entry order hourly on the hourly chart.

You can also make the entry points less than or greater than 50 PIPs. Narrower entry points will create more whipsawing and wider entry points will create less whipsawing.

I will also be posting my last proprietary system which I call the "Twisted Ribbon" system because the graphical indicators resemble a twisted ribbon when created on a chart. Based upon the "Whipsawing" feedback, I suspect most will be more comfortable with the "Twisted Ribbon" trending system...

Happy Trading,

TK
thanks TK for sharing your system!
  • #108
  • Mar 19, 2007 12:57pm Mar 19, 2007 12:57pm

hey tkimble,

thanks for sharing your wondeful methods. i found another tool to minimize whipsawing: sell 1/3 of your position at tp 100 pips. this will minimize your profits but i didn't get more than two losses in a row (but i only backtested it five minutes....).

  • #109
  • Mar 19, 2007 6:05pm Mar 19, 2007 6:05pm
Quoting Carolyn
TK, I do not understand. Should not your Long position have been 228.28 not 227.21? and when you say you will adjust every hour on the hourly chart, what does that mean? How are you adjusting?

Thanks for all your wonderful system you have given us.

Carolyn
Do illustrate your modified method, TK.
A picture is worth a thousand words.
CCI decipherer
  • #110
  • Mar 20, 2007 1:39am Mar 20, 2007 1:39am
Quoting sogt725
Do illustrate your modified method, TK.
A picture is worth a thousand words.
Attached is a copy of the current chart that I am trading. Long at 227.21. Currently at 229.08...

TK
Attached File(s)
File Type: pdf GBPJPY,H1.pdf   32 KB | 1,347 downloads
  • #111
  • Mar 20, 2007 1:43am Mar 20, 2007 1:43am
Quoting smartrends
For the new traders like me, it's worth knowing the fundamentals that moves EUR/USD to start with, and them we can go for other currencies. Please post your valuable opinions.
All reactions to fundamentals are ultimately translated into price action. Learn to ignore the fundamentals (funny mentals) and focus only on the price. You will find the trading becomes much easier...

TK
  • #112
  • Mar 20, 2007 4:43am Mar 20, 2007 4:43am

hei TK,

your chart make me die...lol
i cant see anithing...maybe im dumb in other word....
why modified your method?...i like your that 'if u wanna play then u should pay the tax'.....
i long at 227.63..and now 230.04....
im very comfortable with this method...
also use ur daily scalping as a filter....
ur method just being to me....thats ur fault...lol

To The Sea My Friend....oh we already on the sea!!!!
  • #113
  • Mar 20, 2007 5:05am Mar 20, 2007 5:05am
Quoting tkimble
Attached is a copy of the current chart that I am trading. Long at 227.21. Currently at 229.08...

TK
Hi TK,

I see that you have changed to one moving average from the original two. Can you give more details of the settings. Is it still 25 period and linear weighted? Is it open, close, median etc?

Could i ask for an updated list of settings maybe just like you posted at the beginning of this thread, just to avoid confusion.

Thanks for posting your systems, its very helpful to a newbie like me.

Andy
  • #114
  • Mar 20, 2007 7:27am Mar 20, 2007 7:27am
Quoting else
Hi TK,

I see that you have changed to one moving average from the original two. Can you give more details of the settings. Is it still 25 period and linear weighted? Is it open, close, median etc?

Could i ask for an updated list of settings maybe just like you posted at the beginning of this thread, just to avoid confusion.

Thanks for posting your systems, its very helpful to a newbie like me.

Andy
Yes, I want to ask and am curiuos about the same thing, I only see (1) LWMA on the chart. Where's the other one?
  • #115
  • Mar 20, 2007 7:42am Mar 20, 2007 7:42am
I combined this "new" version with Bill Williams Alligator and if you can look at the details with all the lines on the chart you will see that together they work nicely in getting rid of whipsaws.

Note: If you manually back test these indicators together, have plenty of Tylenol on hand as the indication for whipsaws is clearly there, but very tough on the eyeballs and concentration after an hour or two. Watching it live is much easier as you can see the trend and whipsaws develop.

I'll look at this more thoroughly through the day, to see if there are any clear rules to develop.
  • #116
  • Mar 20, 2007 8:31am Mar 20, 2007 8:31am
Quoting else
Hi TK,

I see that you have changed to one moving average from the original two. Can you give more details of the settings. Is it still 25 period and linear weighted? Is it open, close, median etc?

Could i ask for an updated list of settings maybe just like you posted at the beginning of this thread, just to avoid confusion.

Thanks for posting your systems, its very helpful to a newbie like me.

Andy
The moving average was changed to minimize the whipsawing. The transition from two to one moving average simplifies the trending system. The single moving average is a 25 period linear weighted MA based on the close.

I have attached the most recent chart...

TK
Attached File(s)
File Type: pdf GBPJPY,H1.pdf   35 KB | 1,093 downloads
  • #117
  • Mar 20, 2007 8:48am Mar 20, 2007 8:48am
Hi, what are some demo accounts I can use to test this system?
  • #118
  • Mar 20, 2007 8:57am Mar 20, 2007 8:57am
hi tkimble, i have sent u a message. can u check your inbox? thanks.
  • #119
  • Mar 20, 2007 9:00am Mar 20, 2007 9:00am

spud,

could u post that bill indicator and how to use it?

PLSSS



Quoting Spudfyre
I combined this "new" version with Bill Williams Alligator and if you can look at the details with all the lines on the chart you will see that together they work nicely in getting rid of whipsaws.

Quoting Spudfyre

Note: If you manually back test these indicators together, have plenty of Tylenol on hand as the indication for whipsaws is clearly there, but very tough on the eyeballs and concentration after an hour or two. Watching it live is much easier as you can see the trend and whipsaws develop.

I'll look at this more thoroughly through the day, to see if there are any clear rules to develop.
To The Sea My Friend....oh we already on the sea!!!!
  • #120
  • Mar 20, 2007 10:24pm Mar 20, 2007 10:24pm
Quoting Carolyn
TK, I do not understand. Should not your Long position have been 228.28 not 227.21? and when you say you will adjust every hour on the hourly chart, what does that mean? How are you adjusting?

Thanks for all your wonderful system you have given us.

Carolyn
Carolyn,
I'm certainly not going to speak for TK, but I think the explanation is that the moving average was 226.62 back on 3/18 when price crossed the MA. Adding 50 would make the buy at 227.21
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