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  • #221
  • Apr 12, 2007 8:48pm Apr 12, 2007 8:48pm
[quote=steinitz;268964]I am up around 680 PIPS since April 1st. Also, don't ask me about stops as they are not part of my method. I will always be trading about 10 currencies at one time evenly distributing my risk.

Could you please tell which 10 pairs? Thanx!
  • #222
  • Apr 12, 2007 10:43pm Apr 12, 2007 10:43pm
[quote=drayco;270836]
Quoting steinitz
I am up around 680 PIPS since April 1st. Also, don't ask me about stops as they are not part of my method. I will always be trading about 10 currencies at one time evenly distributing my risk.

Could you please tell which 10 pairs? Thanx!
Any pairs.

Just look at my statements and you will see which ones I traded. I am up about 800 PIPS so far. Two weeks.
  • #223
  • Apr 12, 2007 11:30pm Apr 12, 2007 11:30pm
Stein,

I dont know where we got off on the wrong foot, but I'm a big fan of yours. I was asking for some clarity because your thread got so big it splintered and I lost focus. I used to be profitable with your system, now I'm losing....

I just wanted to get back on the winning track so I asked for your help/clarification and you kind of went for my jugular????

Anyway, lets wipe the slate clean. What did you do exactly to get up 800 pips this month. I know good programmers who will help!

PM or email me if you'd like: [email protected]

Thanks,

Bagovino
"Skills pay the bill's!"
  • #224
  • Apr 13, 2007 12:19am Apr 13, 2007 12:19am
[quote=bagovino;270973]Stein,

I dont know where we got off on the wrong foot, but I'm a big fan of yours. I was asking for some clarity because your thread got so big it splintered and I lost focus. I used to be profitable with your system, now I'm losing....

I just wanted to get back on the winning track so I asked for your help/clarification and you kind of went for my jugular????

Anyway, lets wipe the slate clean. What did you do exactly to get up 800 pips this month. I know good programmers who will help!

PM or email me if you'd like: [email protected]

Thanks,

Bagovino[/quote

I didn't get off on any wrong footing. It's all in your head my friend. This is getting kinda creepy. I never referred to you. Let it go......

Does your method produce consistent profits using the EA? Also, I am looking for a group of guys to communicate with to put an EA together. There is a programmer on TSD that advertises. I will look him up.....
  • #225
  • Apr 13, 2007 12:26am Apr 13, 2007 12:26am
I personally never saw an EA that worked cosistantly. I doubt there ever will be. My advice is to dump the EA idea, but come up with indicators to produce a signal based on your criteria. You can then MANUALLY look at the trade and decide to take it or not.

Bag
"Skills pay the bill's!"
  • #226
  • Apr 13, 2007 12:43am Apr 13, 2007 12:43am
Quoting bagovino
I personally never saw an EA that worked cosistantly. I doubt there ever will be. My advice is to dump the EA idea, but come up with indicators to produce a signal based on your criteria. You can then MANUALLY look at the trade and decide to take it or not.

Bag
Bags....

Because you love me and I am willing to show you the way to the ATM here is the what I am doing. This is written for an EA but you can see what I am doing. Rather simple in nature......

Here a pip, there a pip, everywhere a pip pip. <<<<<<<<<<<<<<<< I love that
  • #227
  • Apr 13, 2007 12:44am Apr 13, 2007 12:44am
Quoting steinitz
Bags....

Because you love me and I am willing to show you the way to the ATM here is the what I am doing. This is written for an EA but you can see what I am doing. Rather simple in nature......

Here a pip, there a pip, everywhere a pip pip. <<<<<<<<<<<<<<<< I love that
Whoopie daisy........

Here you go....

You have all my settings. If not email me all you want anytime to get the answers you need. I always refer to the far right side of the platform when I discuss colors. If you prefer we can go through my personal email.

1. I have the following indicators:
1a. HAS
1b. 4TF HAS BAR
1c. 4TF HAS BAR2

I start with the highest TF = monthly and scale down one TF at a time until I see a reverse color. If the monthly is blue I go down to weekly. If it is blue I scale down to the daily if it is blue I scale down to the 4hr.
Now let's say the 4hr is red. I stop and place a long trade. That's it.

No lets say we want to make this a safer trade. We would know that the 4hr is where we want to enter and consider as our TF of trading choice. But we would scale down ONE TF lower to the 1hr and wait for it to make it's first blue candle and enter there.

This way we get a little better entry without looking at the 4hr to turn thus giving up too many pips. I believe for now that ONE TF lower is good enough. If we loose too many pips that way we would look to go TWO TF's lower hence saving any precious loss of pips waiting for confiramtion.

See the correclation on lowering the TF's and finding a good entry. It makes good logical sense.

No for exits. I have been using arbitrary only at this point. Just make the TP adjustable. I have been using 25 pips or better. Not scientific at all.

But I do look how far the price is from the HAS candle to determin if I think it could go higher. This all a feel but not at all scientific.

I really don't ant to add RSI or anything that would indicate overbought as they are not reliable. If we can alter the PIP TP we could optimize this according to the currency pairs indvidual VOL.
  • #228
  • Apr 13, 2007 1:04am Apr 13, 2007 1:04am
Thank you my friend. That is exactly how I thought you did it.... I just got confused as this method started at only looking at the 2 lowest TF's and going with it.

I will be studying this method and trading it live as well. I thank you for sharing this wisdom with us all!

I will try to put you in touch with an amazing programmer I know!

Bagovino
"Skills pay the bill's!"
  • #229
  • Apr 13, 2007 1:48am Apr 13, 2007 1:48am
I am accepting PM's from traders that want to be included in my address book. I am asking for this since there are plenty of people that want to stay in touch with me on important releases or ideas.

The forums are full of gutter snipes and are interfering with the flow. Just PM me and tell me a quick sentence why you want to be included. Please add your email address too. I will also give you my email address.

I am not selling anything or spamming just networking.
  • #230
  • Apr 13, 2007 2:02am Apr 13, 2007 2:02am
Stein,


It says you are unable to receive PM's.


Bag
"Skills pay the bill's!"
  • #231
  • Apr 13, 2007 7:58am Apr 13, 2007 7:58am
Quoting steinitz
I start with the highest TF = monthly and scale down one TF at a time until I see a reverse color. If the monthly is blue I go down to weekly. If it is blue I scale down to the daily if it is blue I scale down to the 4hr.
Now let's say the 4hr is red. I stop and place a long trade. That's it.
No lets say we want to make this a safer trade. We would know that the 4hr is where we want to enter and consider as our TF of trading choice. But we would scale down ONE TF lower to the 1hr and wait for it to make it's first blue candle and enter there.
Stein......a question.....

I did not catch this until my second reading, but, what is the point of scaling down on the time frames until you get one that shows the opposite color, and then entering a position opposite it (in the direction of the longer TF's)? That, in effect negates the need to scale down as the "current" price is the same on all charts! Why not just enter the trade in the direction of the first 3 charts in paragraph 1 above?......unless.......you mean that you wait for a change in color on the first opposing color time frame?

That is what you say you are doing if you drop down 2 time frames and it makes good sense to do so. Perhaps this is also what you meant when going down to the first "opposing" time frame.....wait for confirmation back to the longer term TF's. But if not, there would seem to be no point to scale down.....unless I'm missing something here.

Great method......just looking for some clarification!

Also.....other than visual trend clarification....any other reason to actually show the HAS bars on your chart? The MTF bars on the bottom of the chart (current time frame) show the same thing. I like to see the actual price bars to watch for Price-action formations and the HAS bars tend to obscure the actual price bars.

Thanks!
  • #232
  • Apr 13, 2007 8:56am Apr 13, 2007 8:56am
Quoting Brunite
Stein......a question.....

I did not catch this until my second reading, but, what is the point of scaling down on the time frames until you get one that shows the opposite color, and then entering a position opposite it (in the direction of the longer TF's)? That, in effect negates the need to scale down as the "current" price is the same on all charts! Why not just enter the trade in the direction of the first 3 charts in paragraph 1 above?......unless.......you mean that you wait for a change in color on the first opposing color time frame?

That is what you say you are doing if you drop down 2 time frames and it makes good sense to do so. Perhaps this is also what you meant when going down to the first "opposing" time frame.....wait for confirmation back to the longer term TF's. But if not, there would seem to be no point to scale down.....unless I'm missing something here.

Great method......just looking for some clarification!

Also.....other than visual trend clarification....any other reason to actually show the HAS bars on your chart? The MTF bars on the bottom of the chart (current time frame) show the same thing. I like to see the actual price bars to watch for Price-action formations and the HAS bars tend to obscure the actual price bars.

Thanks!
Let me re-phrase.....

When you scale down to a lower TF you are looking for a place to enter. If you just throw a dart and enter you could be getting in at a high. So by scaling down on a long trend you are looking for a dip.

By scaling down to a lower TF it affords a good place to start the entry. Now if you jump in arbitrarily in any spot you could easily run into too much time wasted in going the wrong direction, hence a temporary drawdown. So if you identify a 4hr point to enter (red) take a look at the 1hr for it to make its first blue appearance. This way you timed it perfectly to get back in and didn't waste too much time as if you were looking at the 4hr.

If you did this on the 4he you would lose back too many pips as confirmation!

Kapeche?
  • #233
  • Edited 9:29am Apr 13, 2007 9:14am | Edited 9:29am
I received a lot of PM's and that is a good sign to me that there are serious ones out here that feel the same way I do about staying in touch this way for important updates that I might not post openly in fear that the "trash" on here could benefit in some way.

Most of you are the good guys but there are plenty of "gutter snipes" on here that intend on posting garbage. Life is a game and I will play it to my advantage.

I promise I will get to every single PM with a personal reply and my email. Keep them coming. I will have you in my address book with a new folder for forex members.

I am up to 88,000.00 closed P/L and 8,000.00 floating loss. I want to stress this point. I am not fine tuning my entries. I am just throwing a dart at the point of entry which will give me floating drawdown.

Why?

1. I want this method to be exposed to worse case trading style to see if I can still make money

2. In the manual testing stages I can't wait for every signal

3. In live money I assure you I will play by my rules and have a better result, promise.

I am pissed. I have two losing trades:

1. The first one was closed out by mistake
2. The second one was entered as a sell and not a long. The trade is obvious to Helen Keller that it should have been a long one.

So 32 trades and really no losers. Please refer to "Forex TSD" to see my statements. They allow the "HTM" to show everything clearly. You can also so why I traded the way I did by going line for line on each trade and match them up to your platform. I hope you can figure the GMT since that is the hardest piece of the puzzle.


Have a great weekend!
  • #234
  • Apr 13, 2007 9:45am Apr 13, 2007 9:45am
I am really watching this scalping with great interest. Like Bags, i feel this needs an alert more than an EA. Personally, i have never read that much good about EA's. Seems like everyone is always having problems with them. If we could just find someone capable and willing to create an audible pop-up that can be attached to the TF of our choice. This thing shows a lot of promise.
  • #235
  • Apr 13, 2007 9:23pm Apr 13, 2007 9:23pm
Hi Steinitz,

Just busy with my work my friend but you always have my support and I want
to thank you for sharing this nice system. Don't worry about others,
as long as we are making money then we are on a right track.
Don't bother with others that don't know how to appreciate your effort and hard work.
We will just create our own happy pips island.

I just read your scalping strategy again and I can say that it can be better
than stochastics for the right timing but of course it just my own opinion.
Need to test it more but I can see the high probability of the setup. This is
by far the best method of all of your system. "Buy on dips and go with the trend".

Take care my friend and always remember that there are a lot of people who
appreciate what you are doing. Keep it up mate and enjoy the weekend.
  • #236
  • Apr 13, 2007 9:45pm Apr 13, 2007 9:45pm
Hello traders!

I received an overwhelming number of PM's. I believe I have about 100 in the first day. I have responded to each and everyone as promised. I was able to hear some experiences that traders had with their demo and live accounts. Many of you feel it's the best method that you have found to date. All of you like the simplicity of it.

Many traders I have learned don't post on here because of all the crap that one has to put up with, therefore they read and test drive the systems without ever knowing they exist.

That is fine. I don't blame them a bit. Many emails I received explained that they had never been able to make pips this easy and actually feel they can make money and possibly be part of the elite 5-10% of those successful traders.

Skeptics wonder if all this was for me to gather a list so I can charge them. Hardly. I just want to keep in touch with those that have a burning desire to network together and make money. I found this indicator by chance and saw the enormous potential it had. Only through persistence and drive was I able to put a very effective strategy in place through back engineering what a profitable trade looks like.

If you did not get an email back outside of the forum it was because you forgot to include your email address. Please re-send a PM with your email if this was the case.

So it has been 2 weeks and I am averaging 27 PIPS per trade without TP set-ups. I just make the trade and come back to see what I end up with. It seems that if I come back late to the computer and the move already occurred I didn't loose much of the profit as it seems the move was a bit parabolic and then went sideways.

Can you imagine what is going to happen when I trade using the fine tuning method. Less waiting for profit and less floating drawdown.

So the account is 37 trades with no actual losses. 99,000.00 at 10 lots each trade no variance of lot size.

Keep up the good work and let's chat next week.

Ka ching !
  • #237
  • Edited 11:32am Apr 14, 2007 11:18am | Edited 11:32am
I am continuously receiving PM's which is great! Keep them coming. If this thread was filled with posts that were made up from the PM's you wouldn't recognize this thread. I am not asking for people to kiss up to me just honest comments and thoughts.

It is overwhelming how many people all around the world feel this is there first break after years of failures to finally have a real opportunity to profit from Forex. Its a shame that I have to work the thread this way. But who knows in the future I may end up with a web-site dedicated to this method.

I actually feel in this case contrary to popular belief that I would make more money trading my method then selling signals. Therefore, I am focused here to keep what we are doing and I ask that any programmer who comes up with an EA or alert to give it to me so I can email it to the list I have so far.

That's why I need all your email addresses. And I will not charge you a penny for this service. That's not what I am about. I think I can make much more money trading. If it comes down to paying for a programmer I will ask that we all chip in a small amount to pay for the service. With all the interested parties it would a ridiculously small payment.

I could pay for it but I want you as a team to feel involved in this journey. Anyway, I have one gentleman now that is working on an EA. Lets give him a chance to pull this off. Also, some of you feel manual trading is what you want. No problem I agree with that too. We will have both options.

P.S. Because if the large number of requests for more answers to questions and charts examples you will have to be patient with me as I can only do so much. Rest assured I will reply to all. Any chart requests will be posted on the forum.
  • #238
  • Apr 14, 2007 12:23pm Apr 14, 2007 12:23pm
Add me to the list of those who feel that the Alerts would be more appropriate than development of EA.

Using this system as well as Bago's, while exercising judgment and experience for TP positions is the way to go here imo.

One can add Pivot Points or Fibo's to the chart, as an example, to aid in assessing where price is expected to go without mucking up the screen and creating unnecessary "noise".

This is the best system I've seen for consistent profit capability.
"I know how hard it is for you to put food on your family." George W. Bush
  • #239
  • Apr 14, 2007 3:12pm Apr 14, 2007 3:12pm
Great work Steinetz. I think an EA is a good idea and I think the alert idea is a positive one as well so I simply wanted to add my vote to the alert idea. Thanks for your generousity with this method.
  • #240
  • Apr 14, 2007 6:34pm Apr 14, 2007 6:34pm
testing 1-2-3
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