Attachments: Jasmine Marble Trading System...

Jasmine Marble Trading System...

#21
Apr 24, 2007 10:34am Apr 24, 2007 10:34am

aktaurus
| Joined Dec 2006 | Status: Trader | 146 Posts

Why didn't you trade in theese areas?
Thank you!

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#22
Edited 7:43pm Apr 24, 2007 7:42pm | Edited 7:43pm

laodeabdul
| Joined Dec 2006 | Status: Currency Trader | 148 Posts

Quoting aktaurus

Disliked

Why didn't you trade in theese areas?
Thank you!

Ignored

You’re welcome…

Yes for GBPJPY that you’ve been circle red I trade those areas also I just didn’t highlighting, (same as after first-yellow-LOSS-box in USDCAD example, I trade that area also) due to I want to make example on how the original lot to follow can cause you either profit or loss. And as you can note, those two trading stopped by hard stop loss (60 pips) anyway, if you employ two lots, you will gain profit (first circle I have 80 pips, second circle 15 pips).

#23
Apr 24, 2007 8:32pm Apr 24, 2007 8:32pm

a68000
| Joined Jul 2006 | Status: Trader | 22 Posts

Hi laodeabdul

As for StopLoss maybe you could try ATR (20), I also trading using 4 hrs chart and been using ATR (20) for defining my stoploss, it seems to be working well for me.

As for me, I always having trouble on taking profits, can you explain how you take profits with this system. maybe i can apply it to my method.

#24
Edited 1:28am Apr 25, 2007 1:23am | Edited 1:28am

Someone
| Joined Mar 2007 | Status: Trader | 82 Posts

Hi,

I am backtesting this system and forward testing, I can see that the system needs you to let your profits run to catch some of the huge moves that are made every month to make sure your wins outway your losses.

I have attached a trade i opend on cable, I got in 6 pips late as i only saw it when i got up this morning.

laodeabdul, I personally dont like splitting my position because it really reduces your r-r ratio, however I was wondering at what point do you move your position to break even and and on which pairs as they have different volatility?

For example once my Cable trade is in profit by 50 pips i will move stop to break even, i think that gives it enough room.

Let me knwo what you think and if you took this trade, i exspect you take every trade.

could you also please answer my previous question on how many pairs you trade with this and if any are worth avoiding.

thanks

-S-

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#25
Apr 25, 2007 8:48am Apr 25, 2007 8:48am

laodeabdul
| Joined Dec 2006 | Status: Currency Trader | 148 Posts

Quoting a68000

Disliked

Hi laodeabdul

As for StopLoss maybe you could try ATR (20), I also trading using 4 hrs chart and been using ATR (20) for defining my stoploss, it seems to be working well for me.

Ignored

Could you please teach me how to use ATR(20) to define stop loss. Thanks a bunch.

Quoting a68000

Disliked

As for me, I always having trouble on taking profits, can you explain how you take profits with this system. maybe i can apply it to my method.

Ignored

I just stop and reverse.

#26
Apr 25, 2007 9:11am Apr 25, 2007 9:11am

laodeabdul
| Joined Dec 2006 | Status: Currency Trader | 148 Posts

Quoting Someone

Disliked

Hi,

I am backtesting this system and forward testing, I can see that the system needs you to let your profits run to catch some of the huge moves that are made every month to make sure your wins outway your losses.

I have attached a trade i opend on cable, I got in 6 pips late as i only saw it when i got up this morning.

laodeabdul, I personally dont like splitting my position because it really reduces your r-r ratio, however I was wondering at what point do you move your position to break even and and on which pairs as they have different volatility?

For example once my Cable trade is in profit by 50 pips i will move stop to break even, i think that gives it enough room.

Let me knwo what you think and if you took this trade, i exspect you take every trade.

could you also please answer my previous question on how many pairs you trade with this and if any are worth avoiding.

thanks

-S-

Ignored

I trade almost all majors plus GBPJPY (my favorite pair). Usually I avoid USDCHF because I don’t know the characteristic of the pair much. Yes, I also do not like to split my position either, but I need to get rid of the market trading range. One of my friends in this forum advises me to do hedging to the position. Back then, you need to have strong money management to do this.

For your trade, that I also took, I used smaller time frame. I advise you to take a look also. Please look at 15 min chart and change the parameter for SMA and MACD. SMA(208) and MACD(208,336,128) it is the same with 4hr setting only that you will see more ripple.

I hope someone in the forum also can help me to get rid of the trading range problem. I just let my profit run to overcome my losses. As I said in another post, one particular month my trading have 100 pips loss while in another have win over 1000 pips.

For me currently now, I just accepted the condition that the problem still follows me closely. I can’t run from this problem now because I realize my method can’t predict anything. As you understand, I used all lagging indicator.

Some nice guy in the forum tells me to have fib ret or fib number to take profit. I develop that also, I just don’t know how to apply it correctly in precise manner because as you know, I let my position watched by my employee. So I need precise rule on how to react to the market.

Attached File(s)

jasmine_marble15.tpl 1 KB | 551 downloads

#27
Apr 25, 2007 10:41am Apr 25, 2007 10:41am

gagiul
| Joined Mar 2007 | Status: Jacko Trooper | 771 Posts

I think a possibe filter for fake moves down or up would be to check the MACD hystogram level before entering. Say, if it doesnt go over 0.10 you dont enter a buy trade even if the price is above the SMA.

Also, for TP, when MACD hystogram exceeds 0.30 for example, you consider exiting because it is gone too far already and MACD will start to round.

I think a good idea would be to combine this strategy with Phillips 4 h strategy.

We leave no soldier behind.

#28
Apr 25, 2007 10:49am Apr 25, 2007 10:49am

laodeabdul
| Joined Dec 2006 | Status: Currency Trader | 148 Posts

Quoting gagiul

Disliked

I think a possibe filter for fake moves down or up would be to check the MACD hystogram level before entering. Say, if it doesnt go over 0.10 you dont enter a buy trade even if the price is above the SMA.

Also, for TP, when MACD hystogram exceeds 0.30 for example, you consider exiting because it is gone too far already and MACD will start to round.

I think a good idea would be to combine this strategy with Phillips 4 h strategy.

Ignored

Hi there, want to ask you something. So your meaning is I need to employ some kind of trigger values to enter the trade? Okay, do you know how I can define my target point? I just do stop and reversal and for trading range I employ two lots strategy. This is a flaw for some people. I also find it a great flaw if my greed takes control of me. If I think that okay, you can’t have anything then I can be relaxed.

#29
Apr 25, 2007 11:37pm Apr 25, 2007 11:37pm

a68000
| Joined Jul 2006 | Status: Trader | 22 Posts

Well it's very simple to use ATR 20 for stoploss, set the value in metatrader, you don't need to interpret the line just take the current ATR 20 value and add or minus the pips for stoploss. For example, As I write this post ATR 20 for GBP/JPY is 0.62, and GBP/JPY is at 237.72, so if you were to open "BUY" position right now, it will be 237.72 - 000.62 = 237.10 is your stop loss, try to look at frozzy thread, if i'm not mistaken beachbum is the one suggesting to use this indicator. Since frozzy method has been here for sometimes I'm not sure whether they still use ATR20 or has evolved to other indicator, as for me, This indicator still works.

#30
Apr 27, 2007 6:18am Apr 27, 2007 6:18am

laodeabdul
| Joined Dec 2006 | Status: Currency Trader | 148 Posts

From the generous people in the forum I get few feedbacks that can help to improve this method. I already make few indicators to support this idea. Bear with me as I try to describe how this idea works and try to setup the indicator to show the correct value.

Regards,
Andy

#31
Apr 27, 2007 6:20am Apr 27, 2007 6:20am

laodeabdul
| Joined Dec 2006 | Status: Currency Trader | 148 Posts

Idea

:
The first idea is to have longer moving average to support the decision and to have a better look on what actually going on.

Regards,
Andy.

#32
Apr 27, 2007 9:32am Apr 27, 2007 9:32am

laodeabdul
| Joined Dec 2006 | Status: Currency Trader | 148 Posts

before continue, i would like to post some example on how this method doing in gbpjpy and how the stop loss sometimes stop us in the middle of the trend due to one particular bar spoil it.
Chart01

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