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  • #1
  • First Post: Apr 22, 2007 8:10pm Apr 22, 2007 8:10pm
Okay, time for me to confess.

Member in the forum ask me what is my method. My method is not a fantastic method but it fit my trading style. So I employ this method to trade the currencies. It works well on various currencies.

What is the method??

First of all, I’m using various method: bago, mouteki, vegas, and etc. but my always use one is jasmine marble. I use all this method in my single account because my broker allows me to separate my desk into several sub desks. So I can benefit from this feature by employing various methods.

The currently active methods are:

  1. CCI and trendsig (it’s original tlatomi method)
  2. Vegas method (one hour vegas)
  3. Mouteki 4hr method (at the beginning of my trading, this is the very profitable one, now no more).
  4. Bago 5 minutes method (thanx to him)
  5. Team Aphid well known The BAT
  6. Very active method I use is Jasmine marble method.

How can I employ these methods? Easy, I pay people to watch my screen and they work 3 shifts covering 24 hour. I’m trading for a living.

What is jasmine marble?

I name jasmine marble because the price movement jumping around like marble before goes to the direction we predict. Forget the name, maybe anyone in the forum can apply different name, even better than jasmine marble, what the heck I don’t care, I just like the name jasmine marble.

I’m using 4hr Time frame custom MACD(13,21,8) and MA(13) simple moving average apply to close for my core method.

Okay, entry exit stop loss:

  1. Entry buy if and only if when close price above MA and MACD hist above zero
  2. Close Exit when close price below MA and MACD hist below zero.
  3. Hard stop loss is 60 to 70 pips (define your personality, aggressive or conservative, aggressive means that you are willing to take more loss to gain more profit)

Sell is the opposite of the buy entry. No magic, just follow the method.



The name of the custom indicator is Jasmine_Divergence.



Anyone welcome to forward test this method and let me know the opinion. I strongly said that my method is not a complicated method to follow and employ complicated indicator, it just MA and MACD. No magic about that. You’ll waste some pips during the move, that’s for sure, but in the long run, your account will grow with this method, trust me on that (that’s why I invite member in the forum to forward test this method and let me know the opinion).

Okay, how about news, news is news, just enter the market when criteria meet. Don’t care about the news even for NFP. Remember you have 60~70 pips hard stop loss.



Don’t ask me the back test result, do me a favor, and just back test your self, because currently I’m doing research together with semar for benchmark trading system.

Happy trading and well prosper ladies and gentlemen.
Your friend.
Andy Laodeabdul

Attached File(s)
File Type: zip jasmine_marble.zip   165 KB | 2,012 downloads
  • #2
  • Apr 22, 2007 9:14pm Apr 22, 2007 9:14pm
Which pairs do you use it on?
  • #3
  • Edited 9:58pm Apr 22, 2007 9:36pm | Edited 9:58pm
A picture here wil help a lot.. im kinda confused but overall looks good.

Edit: i got it know sry about that. did u apply anything else but the MACD and MA?

Also i believe there is a type in the excep picture! It states "1. Entry when close price below MA and MACD hist above zero" and rather its suppose to be "1. Entry when close price below MA and MACD hits below zero" and this is, when u short...
  • #4
  • Apr 22, 2007 11:16pm Apr 22, 2007 11:16pm
Quoting billbss
Which pairs do you use it on?
Okay

Jasmine marble is suit for any pairs. It is intermediary term, trend following systems. It is actually simple systems with few rules based on time proven concepts. No magic about MA and MACD. Every one should know about these two popular indicators. In fact everyone use them. Jasmine marble is multi market trading systems, trading a wide cross section of different market groups, always applying the exact same rules and parameter values for all markets. All you have to do is to find suitable time frame. This eliminates what we refer to in the industry as over-optimization or "curve fitting".

Also do not think a wrong way. Jasmine marble is not created to predict the future. It is created to react to the condition. No magic about that. Just apply the chart and take a look. Simple logic behind the system. It just like using umbrella when it is rain; or using cream during sunbathing. I will be having the entire money in the world if I have system that can predict the future.

Please bear with me that this method is simple and common sense system. It does not do anything, it just tell you that the price is above moving average and the difference between two moving average is positive, so the situation now is price is in bullish condition. What will you do except buy? Also it just tell you that the price is below moving average and the difference between two moving average is negative, so the situation now is price is in bearish condition. What will you do except sell? Simple isn’t it.

Okay, how about whipsaw in market? I attached example in USDCHF worst case scenario, you can see that although the method will generate pips in the middle of trading, still if you follow the method the result is a loss. How to get rid of that? This is a question from my employee. What is the answer?

Okay, there is no good answer, you can do the following.

 

  1. Still following the system as written (loss or win, mechanically follow the system).
  2. Or, split the lot become two lots. One lot is discretionary, close when you feel that enough pips already generate in the trading range market. How enough is defined? It is all up to you. I don’t have any criteria. Maybe you can apply fib ret, or else. Or maybe you can apply fib number to take profit like vegas model, or else. Let the other lot follow the system rule.

I also last time created a thread asking people in the forum to get 1400 or more pips per month in one currency pair other than GBPJPY. You can see the picture for GBPJPY trading. The perfect setup on 23 Feb until 6 March, over 1240 pips. Following later by 50, 460 pips, loss -120 (stopped by hard stop loss -60 pips), then another 350 pips profit. So welcome in happy pip land….

Quoting ansh
A picture here wil help a lot.. im kinda confused but overall looks good.

Edit: i got it know sry about that. did u apply anything else but the MACD and MA?

Also i believe there is a type in the excep picture! It states "1. Entry when close price below MA and MACD hist above zero" and rather its suppose to be "1. Entry when close price below MA and MACD hits below zero" and this is, when u short...
Million sorry for my mistakes, I attach new pictures to this system; also I change the typo mistake.

This marble doesn’t require other indicator just MACD and MA simple. That’s all. No more filter. Nothing more. Just that. That is the original method. But I can’t forbid you to use other to filter my method. Maybe you can use fib number, james price action, or fib ret. Anything you can think of. Just let me know.

Also remember, there is holly grail. The holly grail is combination of stop loss and money management. By that, your entire moves are covered by the stop loss. And correct money management will make your account grow. Trust me, no matter how good is the system, money management and stop loss is more important (consider your hard earn is in the bet).
Attached File(s)
File Type: zip jasmine_marble.zip   390 KB | 1,445 downloads
  • #5
  • Apr 22, 2007 11:51pm Apr 22, 2007 11:51pm
I am not using MT4, so I would like to ask: Is your indicator only the MACD with the settings you are giving, or is there something else added?..

thanks
  • #6
  • Apr 23, 2007 1:25am Apr 23, 2007 1:25am
Quoting elmer
I am not using MT4, so I would like to ask: Is your indicator only the MACD with the settings you are giving, or is there something else added?..

thanks
My MACD is using 13,21,8 parameter. Just plain MACD. Nothing else added. I just rename the indicator for my indexing purpose only.

You’re welcome.

Happy Trading.


Andy Laodeabdul
  • #7
  • Apr 23, 2007 2:15am Apr 23, 2007 2:15am
Quoting laodeabdul
My MACD is using 13,21,8 parameter. Just plain MACD. Nothing else added. I just rename the indicator for my indexing purpose only.

You’re welcome.

Happy Trading.


Andy Laodeabdul

Hi Laodeabdul,

this looks interesting, how long have you been trading this system?

Thanks

-s-
  • #8
  • Apr 23, 2007 3:14am Apr 23, 2007 3:14am
Hi Andy,

Thanks for sharing your system.

If you got a reverse signal right after you enter the market, will you "stop and reverse" immediatelly? or wait until your hard stop loss is reached? Please kindly advise.

Regards,

hksweeper
  • #9
  • Apr 23, 2007 3:14am Apr 23, 2007 3:14am
Quoting Someone
Hi Laodeabdul,

this looks interesting, how long have you been trading this system?

Thanks

-s-
I’m new in Forex, I just joined forex start trading forex on Dec 1, 2006. Before that I’ve been following my wife who is veteran corn and future trader. My original job is selling cookies, noodles, and rice. Back then about 5 years ago, we met in my café. She’s been arguing about price action with her friends. I remember that time I already trade stock, but I just buy and hold without technical stuff at all. I just follow the newspaper or bulletin or newsletter recommendation.

My wife already has the method to trade only that she just never jump into forex market. Now she’s still in Futures contract.

So I remember last year I open my first account. That account give me free $5. I just grow that account mainly using Mouteki, Vegas, Jasmine Marble, and Bago. Starting from that method, I’ve been like crazy people learn from my wife and learn from other stuff also. I pay other to employ my method. Forward test other people method. And from that time, I know that the holly grail is money management + stop loss. No matter how many times you jump into the market as long as you have this two, you are safe enough. Just remember when you toss a coin; you still have a chance to win, don’t you? So forex is better than coin toss provided you have this two to cover your back also you have reliable and common sense system to rely on.

Then why I share this method. Because compare to other methods only this method fit my style in term of common sense and logical background. I’m not inventing this method. This method is combination of two indicators. Any one can make it. It just common sense that when market bear you sell when bull you buy. This method is not bullet proof. It fails in trading range market. But if you take a look on 4hr chart you know that how long is trading range.

I’ve been using this method from mid December 2006 together with other method. I’ve been pay other people to watch my screen 24 hours using various method (yes, I still sell cookies, rice, noodles, coffee, and coca cola). But this method is most actively trade. Don’t take me wrong. There are other more profitable method in FF. You’ll learn that many methods even better than this one. But this method is not curve fitting method so it will make you survive in the market on any currency pair. All you need to do is find correct time frame. For Forex I conclude 4hr is the correct time frame. Or even 8hr. daily is too long, one hour have whipsaw.

For the one who are willing to forward test this method, I just say, thanks a lot. Please give me your comment, good or bad. Any improvement to the method just says it. You can even make new system with the name “Jasmine marble version 2” for example

Sorry to be long winded.

Happy trading and well prosper to all of you...
Andy Laodeabdul.
  • #10
  • Apr 23, 2007 3:27am Apr 23, 2007 3:27am
Quoting hksweeper
Hi Andy,

Thanks for sharing your system.

If you got a reverse signal right after you enter the market, will you "stop and reverse" immediatelly? or wait until your hard stop loss is reached? Please kindly advise.

Regards,

hksweeper
Hi hksweeper,

Due to the 4hr characteristic usually reverse signal I got after a multiplication of 4hr. because I need to wait the 4hr candle to form completely. Usually this “immediate stop and reverse signal” happen if we enter market 3hr or less than that near the fundamental announcement.

The answer is yes, I follow the MACD and MA signal exactly like robot. Actually not me, but Rery, Ratna, and Ita, my employees. They’ll follow the signal exactly. I just tell them what to do if my trade needs discretionary advice.

So need to make clear. Follow the signal first, but if the signal still not sign a reversal but price already reach hard stop loss then it need to close.

Good trading to you and well prosper
Andy Laodeabdul
  • #11
  • Apr 23, 2007 4:04am Apr 23, 2007 4:04am
Hi Andy,

Thanks for your clarifying. I just got one more question.

Will you wait both MACD 13 and 21 to cross zero before you enter? or just MACD 13 is enough? Please kindly share.

Best Regards,

hksweeper
  • #12
  • Edited 4:52am Apr 23, 2007 4:50am | Edited 4:52am
Quoting hksweeper
Hi Andy,

Thanks for your clarifying. I just got one more question.

Will you wait both MACD 13 and 21 to cross zero before you enter? or just MACD 13 is enough? Please kindly share.

Best Regards,

hksweeper
Hi again, no problem at all,

Sorry, I’m not waiting for the MACD. I’m waiting MACD histogram the green one at the Jasmine_Divergence.

So here is the rule summarize once more:

Buy entry:

  1. Entry buy if and only if when close price above MA (13) and MACD (13, 21, 8) histogram (the green one) above zero.
  2. Close Exit when close price below MA (13) and MACD (13, 21, 8) histogram (the green one) below zero. (First priority exit)
  3. Hard stop loss is 60 to 70 pips (define your personality, aggressive or conservative, aggressive means that you are willing to take more loss to gain more profit) (Second priority exit which is stop loss in case of price reversal)

Sell entry just opposite of buy entry.

happy trading and well prosper.
Andy Laodeabdul

  • #13
  • Apr 23, 2007 1:00pm Apr 23, 2007 1:00pm
Hello Laodeabdul,

Thanks for sharing your profitable system with us. One point I am just making sure I am clear on. If for instance the price has closed above 13MA & the MACD is below zero then do we wait for MACD to go above zero & then enter even if it is several candles later, or must the MACD already be above zero for it to be valid?
Thanks again for sharing system

Happy Day

Torag
  • #14
  • Apr 23, 2007 2:13pm Apr 23, 2007 2:13pm
Quoting laodeabdul
I’m new in Forex, I just joined forex start trading forex on Dec 1, 2006. Before that I’ve been following my wife who is veteran corn and future trader. My original job is selling cookies, noodles, and rice. Back then about 5 years ago, we met in my café. She’s been arguing about price action with her friends. I remember that time I already trade stock, but I just buy and hold without technical stuff at all. I just follow the newspaper or bulletin or newsletter recommendation.

My wife already has the method to trade only that she just never jump into forex market. Now she’s still in Futures contract.

So I remember last year I open my first account. That account give me free $5. I just grow that account mainly using Mouteki, Vegas, Jasmine Marble, and Bago. Starting from that method, I’ve been like crazy people learn from my wife and learn from other stuff also. I pay other to employ my method. Forward test other people method. And from that time, I know that the holly grail is money management + stop loss. No matter how many times you jump into the market as long as you have this two, you are safe enough. Just remember when you toss a coin; you still have a chance to win, don’t you? So forex is better than coin toss provided you have this two to cover your back also you have reliable and common sense system to rely on.

Then why I share this method. Because compare to other methods only this method fit my style in term of common sense and logical background. I’m not inventing this method. This method is combination of two indicators. Any one can make it. It just common sense that when market bear you sell when bull you buy. This method is not bullet proof. It fails in trading range market. But if you take a look on 4hr chart you know that how long is trading range.

I’ve been using this method from mid December 2006 together with other method. I’ve been pay other people to watch my screen 24 hours using various method (yes, I still sell cookies, rice, noodles, coffee, and coca cola). But this method is most actively trade. Don’t take me wrong. There are other more profitable method in FF. You’ll learn that many methods even better than this one. But this method is not curve fitting method so it will make you survive in the market on any currency pair. All you need to do is find correct time frame. For Forex I conclude 4hr is the correct time frame. Or even 8hr. daily is too long, one hour have whipsaw.

For the one who are willing to forward test this method, I just say, thanks a lot. Please give me your comment, good or bad. Any improvement to the method just says it. You can even make new system with the name “Jasmine marble version 2” for example

Sorry to be long winded.

Happy trading and well prosper to all of you...
Andy Laodeabdul.

Thanks laodeabdul for your great reply, I was wondering what your stats are for following this system, what are your pip gains per month and what pairs are you following?

If you can afford to employ people to watch your screens then you must be making pips

Thanks again

-S-
  • #15
  • Apr 23, 2007 2:41pm Apr 23, 2007 2:41pm
Hello Andy,
I love your system; it is so simple! Thanks for sharing it with us.
May the pips be with you!
  • #16
  • Apr 23, 2007 2:56pm Apr 23, 2007 2:56pm
Hello and thank you for sharing!

How can we filter the false signals? May be you follow 1D or 1W trends only? Or some how else? Lots of whipsaws with ONLY MA&MACD.

What are you going to do at the situations like on this picture? Swinging in the range is eating all profit of several previous profits in the trend.

Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: vot.jpg Size: 52 KB
  • #17
  • Apr 23, 2007 10:22pm Apr 23, 2007 10:22pm
Quoting Someone
Thanks laodeabdul for your great reply, I was wondering what your stats are for following this system, what are your pip gains per month and what pairs are you following?

If you can afford to employ people to watch your screens then you must be making pips

Thanks again

-S-
Remember I’m selling food (cookies, rice, bread, and so on), so that I need to concentrate both on trading and cookies.

I admit, I can’t withstand watching screen more than 7 hours per day, in the other hand I need to watch my employee making the foods.
  • #18
  • Apr 23, 2007 10:37pm Apr 23, 2007 10:37pm
Quoting TORAG
Hello Laodeabdul,

Thanks for sharing your profitable system with us. One point I am just making sure I am clear on. If for instance the price has closed above 13MA & the MACD is below zero then do we wait for MACD to go above zero & then enter even if it is several candles later, or must the MACD already be above zero for it to be valid?
Thanks again for sharing system

Happy Day

Torag
The criteria must follow: buy entry if and only if price close above 13 SMA and 13,21,8 MACD histogram also above zero. That’s the valid signal.


Quoting Pluto2
Hello Andy,
I love your system; it is so simple! Thanks for sharing it with us.
May the pips be with you!
Thanks again also. No problem at all.

Quoting aktaurus
Hello and thank you for sharing!

How can we filter the false signals? May be you follow 1D or 1W trends only? Or some how else? Lots of whipsaws with ONLY MA&MACD.

What are you going to do at the situations like on this picture? Swinging in the range is eating all profit of several previous profits in the trend.

Thanks!
The big problem of this system is to find suitable time frame for you and defining your stop loss. I use 60 pips hard stop loss, you don’t have to follow me. Because I’ve been told others in the forum that money management and stop loss is the holly grail for me. Yes, you will have swinging that will cause you to loss. Like I said before, this marble doesn’t require other indicator just MACD and MA simple. That’s all. No more filter. Nothing more. Just that. That is the original method. But I can’t forbid you to use other to filter my method. Maybe you can use fib number, james price action, or fib ret. Anything you can think of.


My other techniques are to look at other time frame and see what’s happen actually. Also do not think a wrong way. Jasmine marble is not created to predict the future. It is created to react to the condition. No magic about that. Just apply the chart and take a look. Simple logic behind the system. It just like using umbrella when it is rain; or using cream during sunbathing. I will be having the entire money in the world if I have system that can predict the future.

So, please do some researches like watching the FXCM and listen to FX4cast opinion, maybe, about what currency is ranging this week for example. But I don’t do that. I just simply follow this system because I already trust it. Yes, I have pips (positive or negative, but positive is bigger than the negative)
  • #19
  • Apr 24, 2007 12:14am Apr 24, 2007 12:14am
Quoting laodeabdul
The criteria must follow: buy entry if and only if price close above 13 SMA and 13,21,8 MACD histogram also above zero. That’s the valid signal.
So to clarify, the MACD Histogram must be above zero by the time the first bar closes above the 13SMA for a buy, right? You don't wait for the MACD to go above zero after the close of the bar and then buy, it must already be in place, correct?

So then are you mostly doing stop and reverses with this system then? I know you mentioned exceptions when you take profit listening to your gut or other analysis, and of course you'll be stopped out other times, but other than that, are you doing a lot of stopping and reversing?

Thanks
  • #20
  • Apr 24, 2007 10:24am Apr 24, 2007 10:24am
Quoting libertao
So to clarify, the MACD Histogram must be above zero by the time the first bar closes above the 13SMA for a buy, right? You don't wait for the MACD to go above zero after the close of the bar and then buy, it must already be in place, correct?
Yes, you are correct. So both the indicator SHOULD be in place.
Quoting libertao
So then are you mostly doing stop and reverses with this system then? I know you mentioned exceptions when you take profit listening to your gut or other analysis, and of course you'll be stopped out other times, but other than that, are you doing a lot of stopping and reversing?

Thanks
Original method lack of taking profit during the peak market value. That’s why one of the solution is to provide two lots. One lot to take profit during the peak market value (how to do this? Many suggest fib number, fib ret, or other indicator). I just do this discretionary. Take a look at my USDCAD trading. The yellow box is the original lot that must follow the system. As you can see, some of the box profit, the other is loss. But during this time, sometime price hit maximum/minimum and create profit even in loss scenario. That’s the purpose of two lots open.

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.jpg Size: 46 KB


Take a look also at my GBPJPY trading. You understand what I mean.


Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.jpg Size: 40 KB
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