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  • #61
  • Mar 22, 2009 6:50pm Mar 22, 2009 6:50pm
Quoting Dreamliner
Paulus,

I've just discovered that this system produced 413 pips in January on the EUR/USD. But I've also noticed it does not do well in strong trends. Is there a way to filter out trades during strong trends?

I really like the risk/reward of this system.
Don't trade during strong trends? ;]
  • #62
  • Mar 22, 2009 6:50pm Mar 22, 2009 6:50pm
It is a good system, but not so much during strong trends.

Yes, Good4Nothing, this is a modified Inside Bar system.

Quoting daytrader44
This system is simple psychology and statistics. A trade is placed when price fails to reach a new high, translating to hesitation in the minds of traders (the psych). A trade is only placed if the candle is less than 50% of the previous...because the smaller the candle the closer the stop loss, the farther away the take-profit, and the less risky the trade (the stats). It is a good system when not over thought.
  • #63
  • Mar 22, 2009 8:09pm Mar 22, 2009 8:09pm
Nice entry Paulus,

Gray.
  • #64
  • Mar 23, 2009 4:55am Mar 23, 2009 4:55am
Hi all,

I am rather new here.
I like Paulus strategy 'cos it is easy and indicator free.

Having back tested 2 pairs i.e. USDJPY and EURUSD and found that success rate is only about 50%. It can be used for 15m also.

If only we can find a way to filter out those bad trades!

Paulus, would you mind to tell us your success rate so far using this system?

Thanks.
  • #65
  • Mar 25, 2009 12:33am Mar 25, 2009 12:33am
Hi reese777, You still here? may be it is better you start a new thread for your trading system?
  • #66
  • Mar 25, 2009 1:14am Mar 25, 2009 1:14am
Hi Mini J,

Ok, maybe I will in a day or so. I enjoyed Paulus's Method.

We'll see you soon!

reese777
  • #67
  • Edited 3:15am Mar 25, 2009 2:56am | Edited 3:15am
Quoting reese777
Hi Mini J,

Ok, maybe I will in a day or so. I enjoyed Paulus's Method.

We'll see you soon!

reese777
When you have done it, PM me okay..
I enjoyed this thread also..
  • #68
  • Edited 9:54pm Mar 25, 2009 9:36pm | Edited 9:54pm
I'm kinda having fun coding EA's theese days..so i coded this simple system into an EA..i did a backtest on eurusd and i doesnt seem to do badly.

http://preview.shareapic.net/preview5/015723149.jpg

My EA is set after the initial rules posted in this thread (plus 3 time filters), i have not followed the rest of it, but i'm willing to make the EA evolve if i receive ideas on how to do so. I would really like to keep this as naked as possible, suggestions NOT involving indicators will have priority (except stroke of genius obviously )

Also one MAJOR flaw is that i'm not sure if my EA is plottable on multiple charts at one time. I coded a simple magic number cycle but havent checked if it actually works or not, so dont panic if it doesnt..the rest of the EA however should do fine.
Attached File(s)
File Type: ex4 Naked v0.1.ex4   4 KB | 576 downloads
  • #69
  • Apr 6, 2009 3:58pm Apr 6, 2009 3:58pm
Quoting Postrock
I'm kinda having fun coding EA's theese days..so i coded this simple system into an EA..i did a backtest on eurusd and i doesnt seem to do badly.

http://preview.shareapic.net/preview5/015723149.jpg...
Thanks for the EA. I will give it a try. It will sure help with testing.
  • #70
  • May 23, 2009 9:05am May 23, 2009 9:05am
Hi all!

those who traded this system, what happened to this wonderful system? or is it not viable again

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #71
  • Jun 7, 2009 4:15pm Jun 7, 2009 4:15pm
looking at this again..

Just closed out a 35 pip winner on GBPJPY

Attached Image (click to enlarge)
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  • #72
  • Jun 8, 2009 2:47pm Jun 8, 2009 2:47pm
Paulus,

Very interesting system...on another of your fertile mind threads you mentioned that you are successfully making profits on 2 of your trading systems. Is this one of the two? Could you disclose which ones you are currently actively trading?

Thanks,
Bob
  • #73
  • Jun 8, 2009 4:08pm Jun 8, 2009 4:08pm
day in day out Im trading the 1 trade a day Asian break
The US break not posted yet but will be

the new thread with the Trend Magic Indicator

and 1more which again I havnt posted yet this has to be traded in small lots as the stops are large but so are the profits for example 1st trade today on EURGBP lost $648 but the 2nd trade made or should I say is still in currently at +$2448

Big numbers but RR of 4;1

I have others but need time spent on them

Paulus
  • #74
  • Jun 8, 2009 5:10pm Jun 8, 2009 5:10pm
When will you post the US break system?

Quoting Paulus
day in day out Im trading the 1 trade a day Asian break
The US break not posted yet but will be

the new thread with the Trend Magic Indicator

and 1more which again I havnt posted yet this has to be traded in small lots as the stops are large but so are the profits for example 1st trade today on EURGBP lost $648 but the 2nd trade made or should I say is still in currently at +$2448

Big numbers but RR of 4;1

I have others but need time spent on them

Paulus
  • #75
  • Jun 30, 2009 2:39am Jun 30, 2009 2:39am
are people still trading this method?

I have scanned the last couple days on e/u and noticed barely any setups on EURUSD according the the 1st post system rules.



anyone?
  • #76
  • Jul 8, 2009 8:24pm Jul 8, 2009 8:24pm
valid entries?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.PNG Size: 22 KB
Click to Enlarge Name: 2.PNG Size: 17 KB
-2 SCOOPS OF PROFITABLE RAISINS
  • #77
  • Oct 11, 2009 7:31pm Oct 11, 2009 7:31pm
I'm sorry to say it won't work in the long run.
Candlestick formations should be a "trigger" after a pattern sets the path.
By itself a candle formation doesn't work. Even statistically, we can't use a specific candle formation because the take profit is different every time and should be used with a good risk reward ratio.

Paulus:
You can use your incredible gift of finding patterns in a "indicator free" series of systems. I've followed your systems since the Keltner's (back in the ExpatXXXX's days), and as a big fan I think you should try it.
  • #78
  • Last Post: Oct 31, 2009 6:49pm Oct 31, 2009 6:49pm
Hi guys

thank u Paulus for your sharing

this System only works on choppy markets,
u could easily check out this putting on your chart Damiani Volatmter Indicator

And be careful near to SR lines !

have a nice weekend
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