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Attachments: Great GBP/USD Strategy for Swing Trades
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Great GBP/USD Strategy for Swing Trades

  • #461
  • Apr 19, 2007 11:32am Apr 19, 2007 11:32am
If you followed the rules, you would have not taken this trade unfortunately. Stochs were still pointing down on daily chart in this instance.
Life is too short to have anything but delusional notions about yourself.
  • #462
  • Apr 19, 2007 11:44am Apr 19, 2007 11:44am
Quoting ChowClown
...a quick (untested) observation on the daily chart trendline.

The closer the pending 4hr set up is to breaking a 45(ish) degree trendline on the daily, seems to deliver better trades. Akin to VyNNeR's comments on the angle of the 4hr ema slopes. Just tried uploading a chart, but keeps failing.
what do you really mean by that chow ??
i just don't get it ??

sorry if i don't understand it
maybe i'm a little bit slow

but perhaps a picture can describe well

Quoting hoss
I think this may be one of those months where you only get one or two trades the whole month on the Pound according to the original rules. Oh well. Keeps you disciplined anyway!
Yupp....
you're right

btw where's Vynner ??

hmm i think this strategy can well implemented on eur/usd too....
i think it also show a good result on that pair
Every moment in the market is unique
  • #463
  • Apr 19, 2007 12:15pm Apr 19, 2007 12:15pm
...sorry, clear as mud. Trades signalled when the daily trendline is being tested, when the trendline slopes around 40-45 degrees, may have a higher probability of success....just a thought. Still can't upload a pic.
  • #464
  • Apr 19, 2007 12:15pm Apr 19, 2007 12:15pm
Quoting hoss
If you followed the rules, you would have not taken this trade unfortunately. Stochs were still pointing down on daily chart in this instance.
Right on! I followed the rules and missed this one. Followed the rules on the prior entry and got stopped out. But that's how you trade, and you never know which trade will be the big winner.

I mentioned earlier that when I did my backtesting, I ignored the D stoch filter and took every cross. Still had very good results. I need to go back and look at how many trades now would have been excluded if I followed the D filter.
  • #465
  • Apr 19, 2007 12:59pm Apr 19, 2007 12:59pm
Let me know how you make out!

Quoting bugscoe
Right on! I followed the rules and missed this one. Followed the rules on the prior entry and got stopped out. But that's how you trade, and you never know which trade will be the big winner.

I mentioned earlier that when I did my backtesting, I ignored the D stoch filter and took every cross. Still had very good results. I need to go back and look at how many trades now would have been excluded if I followed the D filter.
Life is too short to have anything but delusional notions about yourself.
  • #466
  • Apr 19, 2007 6:22pm Apr 19, 2007 6:22pm
I'm not new to the post, but this is my first time replying.

Based on the rules, GBP looks to be nowhere near a short.

Does anyone have any short-term trading strategies, using a simular technique, that we can use while we wait?
  • #467
  • Apr 19, 2007 8:21pm Apr 19, 2007 8:21pm
Quoting amir777
Hi VyNNeR and all.
thank u for sharing your system.

I try to exit with more pips as in the basic rule and am find that if a i add a DEMA indicator adjust 24 ( u will see it in the 2 charts bellow ,the black line), when it cross the 4ema it gave about 50 more pips/trade...

Remember this post about the double EMA? Had you placed this on the screen approx. eight days ago( 4 hour chart), you would have seen where the DEMA and the 13 & 50 EMA all crossed at the same place...got in there and rode that pony to the tune of 459 ticks....This happened in Feburary as well for another 400 odd ticks. Now here's the question, My platform will only allow me to go back to late December ( 4 hour charts).

Is there anyone game enough to look further back and see how often this happens?

Thanks for your help, Robert DeCuir
  • #468
  • Apr 19, 2007 8:30pm Apr 19, 2007 8:30pm
Better yet, if you go back 10 days ago, ( swiss franc, 4 hour chart)you will see where ALL FOUR CROSSED AT THE SAME TIME!!!

Good Trading Ladies & Gents, Robert DeCuir
  • #469
  • Apr 19, 2007 8:31pm Apr 19, 2007 8:31pm
Robert - can you clarify? The post you reference is talking about using that indicator to get an earlier exit. It seems you are referring to using it as another entry signal??
  • #470
  • Apr 19, 2007 8:41pm Apr 19, 2007 8:41pm
Quoting lever70
I just read this entire thread. Nice 350 pip move on the pound if you took it and followed the rules. You should be exiting right about now after 8 days of pip fun.

There's been no discussion of position sizing and money management. How much are you guys risking per trade on a 50 pip stop loss? 2% of equity? 5%? This is important. If you're risking 5% (quite a bit), a $5,000 account should risk no more than $250. At $5/pip, the correct position size would be 5 mini-lots. I hope you guys are not going full out on the leverage. I'd like to hear from VyNNer on this.

Great system.
I'm using 1% - 1.5%.
  • #471
  • Apr 20, 2007 5:10am Apr 20, 2007 5:10am
Quoting bugscoe
Robert - can you clarify? The post you reference is talking about using that indicator to get an earlier exit. It seems you are referring to using it as another entry signal??
Bugscoe,

You are correct in the mentioned post and the exit signal strategy. After I had placed the DEMA on a 4 hour chart and did some minor back testing, it was clear to me that from a entry prospect, the signal had real possibilities.

I have looked back on the four main markets and it appears only on USD/JPY, the signal lost money. I am not suggesting that this signal is something to live by, however it does appear to be another tool to add to ones arsenal.

Have a great weekend, Robert DeCuir
  • #472
  • Apr 20, 2007 5:28am Apr 20, 2007 5:28am
Quoting Robert DeCuir
Remember this post about the double EMA? Had you placed this on the screen approx. eight days ago( 4 hour chart), you would have seen where the DEMA and the 13 & 50 EMA all crossed at the same place...got in there and rode that pony to the tune of 459 ticks....This happened in Feburary as well for another 400 odd ticks. Now here's the question, My platform will only allow me to go back to late December ( 4 hour charts).

Is there anyone game enough to look further back and see how often this happens?

Thanks for your help, Robert DeCuir
I still do not see DEMA indicator
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #473
  • Apr 20, 2007 5:45am Apr 20, 2007 5:45am
Quoting amir777
Hi VyNNeR and all.
thank u for sharing your system.

I try to exit with more pips as in the basic rule and am find that if a i add a DEMA indicator adjust 24 ( u will see it in the 2 charts bellow ,the black line), when it cross the 4ema it gave about 50 more pips/trade...
Could you please share .ex4 of your template

or explain on how to set it up on the chart
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #474
  • Apr 20, 2007 7:23am Apr 20, 2007 7:23am
Somebody kindly posted this a while ago, but it was deleted as a result of the hacking situation. Could somebody please post it again? Thanks!

Quoting ejiexe
I still do not see DEMA indicator
Life is too short to have anything but delusional notions about yourself.
  • #475
  • Apr 20, 2007 7:26am Apr 20, 2007 7:26am
Quoting ejiexe
Could you please share .ex4 of your template

or explain on how to set it up on the chart
if you have Dealbook from gftforex the DEMA indicator is included...
maybe some superstar can work out how it works and write an indicator for those of you not using dealbook.
  • #476
  • Apr 20, 2007 8:02am Apr 20, 2007 8:02am
Quoting ryanmel
if you have Dealbook from gftforex the DEMA indicator is included...
maybe some superstar can work out how it works and write an indicator for those of you not using dealbook.
from http://www.forexrealm.com/technical-...ential-ma.html

Double Exponential Moving Average (DEMA) formula is:-

(2 * n-day EMA) - (n-day EMA of EMA)

how you get metatrader to calculate it I haven't a clue.
  • #477
  • Apr 20, 2007 8:03am Apr 20, 2007 8:03am
I did find this indicator for MT4, it has a setting for many MA types of which one is DMA, whether or not its what is being talked about here I am unsure
Richo
Attached File(s)
File Type: mq4 XP.mq4   17 KB | 547 downloads
  • #478
  • Apr 20, 2007 8:04am Apr 20, 2007 8:04am
Sorry I meant DEMA

Richo
  • #479
  • Apr 20, 2007 11:25am Apr 20, 2007 11:25am
Quoting richo12
I did find this indicator for MT4, it has a setting for many MA types of which one is DMA, whether or not its what is being talked about here I am unsure
Richo
Thanks. But i always have problem to compile the .mq4 file. Can anyone tell me how to get the compiler work in MT4? Anytime i try to compile the .mq4 it gives error unable to lunch the compiler.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #480
  • Apr 20, 2007 11:27am Apr 20, 2007 11:27am
Quoting tradeigel
I can't emphasize enough how important that is in my opinion.

BTW, are you Ohio State fan? Aren't the Buckeyes from there? I went there for 6 months...to I should know
Have you made any progress on your EA for this system? If it is done, I would be happy to forward test it for you. Thanks.

Virgil
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