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Trendman scalping system

  • #281
  • Oct 13, 2009 6:23am Oct 13, 2009 6:23am
Quoting allerune
Hi Trendman,

I've been mostly a reader in this forum and this is my first post so "hi all" .

I was following this thread for a while and I can see that it is getting some positive results. Some moves are caught a little late but most of the signals are accurate and provide slow and steady growth of the pip count.

I read that you spend several hours a day looking at charts. How about automating this system and making a nice EA. Actually I was trying to do it on my own but there are some inconsistencies in the rules that I found, sometimes...
You've made a good point there sometimes not following the rules.the reason behind that because I've been using the system so long,I do sometime...sometime skip the rules but this is very rare,99% I try to stick with the rules.
Coming to the EA thing, based on macd 20,62,57 and combined it with ema might be good but still don't think it'll work,if you can do that than wow...
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  • #282
  • Oct 13, 2009 6:51am Oct 13, 2009 6:51am
Quoting trendman
You've made a good point there sometimes not following the rules.the reason behind that because I've been using the system so long,I do sometime...sometime skip the rules but this is very rare,99% I try to stick with the rules.
That's good news. Have you ever tried to calculate sharpe ratio of your trades? What about % of loosing trades? If we'd open 1% of those which you don't, would it affect the system in a serious way?

Quote
Coming to the EA thing, based on macd 20,62,57 and combined it with ema might be good but still don't think it'll work,if you can do that than wow...

if you think that it won't work then there are 2 options:
a) other conditions would have to be defined and then it should work
b) your system is more in your guts and experience than in rules you presented ;-)
  • #283
  • Oct 13, 2009 6:58am Oct 13, 2009 6:58am
trendman could you please post the charts with your entries of today?
  • #284
  • Oct 13, 2009 7:03am Oct 13, 2009 7:03am
Quoting allerune
That's good news. Have you ever tried to calculate sharpe ratio of your trades? What about % of loosing trades? If we'd open 1% of those which you don't, would it affect the system in a serious way?



if you think that it won't work then there are 2 options:
a) other conditions would have to be defined and then it should work
b) your system is more in your guts and experience than in rules you presented ;-)
I've never calculated the winning ratio but I can say that I can easily make around 250 pips a week, that is my target weekly ,daily 50, so I don't over trade.
The rules are there as I always say for the guidance,I can tell you with confidence, there is NOT ANY SINGLE SYSTEM that works own its own ,have to use your own guts as well, agree?
Otherwise we would be all billionares by now..)))
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  • #285
  • Oct 13, 2009 7:06am Oct 13, 2009 7:06am
Quoting blanca
trendman could you please post the charts with your entries of today?
I can do that end of today
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  • #286
  • Oct 13, 2009 7:10am Oct 13, 2009 7:10am
Quoting allerune

if you think that it won't work then there are 2 options:
a) other conditions would have to be defined and then it should work
b) your system is more in your guts and experience than in rules you presented ;-)
Until you prove it works Sir, automated system always sucks for the evident reason !

Luk
  • #287
  • Oct 13, 2009 7:19am Oct 13, 2009 7:19am
Quoting PipsRider
Until you prove it works Sir, automated system always sucks for the evident reason !

Luk
Sorry Sir but just even think about it , it a such waste of time !

Luk
  • #288
  • Oct 13, 2009 7:34am Oct 13, 2009 7:34am
Quote
I've never calculated the winning ratio but I can say that I can easily make around 250 pips a week, that is my target weekly ,daily 50, so I don't over trade.
I read about your SL beeing quite tight. How many % of your transactions hit your SL ? How many you close on your own without any profit?
Quote
The rules are there as I always say for the guidance,I can tell you with confidence, there is NOT ANY SINGLE SYSTEM that works own its own ,have to use your own guts as well, agree?
I'm an IT guy I see the whole world as an alogrithm. The problem is always the number of variables (women have the most, I guess )
Quote
Otherwise we would be all billionares by now..)))
I still have couple of months left to learn, becoming a billionaire is not im my schedule for another 3-5 years ;-) I prefer to take it slow, first thousands, then millions...
  • #289
  • Oct 13, 2009 7:46am Oct 13, 2009 7:46am
Quoting allerune
I read about your SL beeing quite tight. How many % of your transactions hit your SL ? How many you close on your own without any profit?
I'm an IT guy I see the whole world as an alogrithm. The problem is always the number of variables (women have the most, I guess )
I still have couple of months left to learn, becoming a billionaire is not im my schedule for another 3-5 years ;-) I prefer to take it slow, first thousands, then millions...
My stoploss are hardly hit on a daily basis,when I place the trade ,I wait and than place the stoploss,bizare but effective.
You're absolutely right about automated trading as by now around 60% of trades placed by automated trading systems.
My aim is not becoming a billionare ,just to make a survival income,I hate working for someone,hate it!!!!
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  • #290
  • Oct 13, 2009 8:29am Oct 13, 2009 8:29am
Took a macd divergence.. 5M disagreeing with 1M. 5M up, 1M down, MAs cross down and Trix down. Took it for a 12 pip profit.. nice system. I'm sticking around. U have something very good, Trendman
  • #291
  • Oct 13, 2009 8:41am Oct 13, 2009 8:41am
Quoting erbguy
Took a macd divergence.. 5M disagreeing with 1M. 5M up, 1M down, MAs cross down and Trix down. Took it for a 12 pip profit.. nice system. I'm sticking around. U have something very good, Trendman
Very pleased
I keep telling this but please guys if you see any failures about the system which I can miss,please let us know your comments
Thanks
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  • #292
  • Oct 13, 2009 8:43am Oct 13, 2009 8:43am
By the way, I ve started to use a new macd combination about 4-5 months a go,I'll release the new combination soon,it looks okay so far.
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  • #293
  • Oct 13, 2009 8:48am Oct 13, 2009 8:48am
U have me chomping at the bit. lol What is it? I'm catching myself trying to get in too early and not waiting for the pull back. Need to read up on ur strategy for that
  • #294
  • Oct 13, 2009 8:56am Oct 13, 2009 8:56am
Quoting erbguy
U have me chomping at the bit. lol What is it? I'm catching myself trying to get in too early and not waiting for the pull back. Need to read up on ur strategy for that

Reminder,you might be recognising 1 min macd is acting very slow on quick PA ,I would advise you , definitly do not jump into that ,always watch the price development and get the confirmation from ema(support/resistance)
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  • #295
  • Oct 13, 2009 9:13am Oct 13, 2009 9:13am
My patience has paid off. Waited for the pull back, which was more than I thought it would be, and did another 8 pips down.
I show the 5M 20 EMA going thru the 57.. is it stronger when it goes thru the 62 first?
  • #296
  • Oct 13, 2009 9:21am Oct 13, 2009 9:21am
Quoting erbguy
My patience has paid off. Waited for the pull back, which was more than I thought it would be, and did another 8 pips down.
I show the 5M 20 EMA going thru the 57.. is it stronger when it goes thru the 62 first?
On the down move or up move 20 MUST cross 1st 57 sma ,if 20 crosses 1st 62 ema means weak move
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  • #297
  • Oct 13, 2009 9:24am Oct 13, 2009 9:24am
Interested to know if u have taken any of these shorts recently since the 5M 20 crossed the 57?
And when can u show us the new MACD?
  • #298
  • Oct 13, 2009 9:26am Oct 13, 2009 9:26am
Quoting erbguy
Interested to know if u have taken any of these shorts recently since the 5M 20 crossed the 57?
And when can u show us the new MACD?
Quite honestly I've not taken that trade,I missed out the entry point,so I stayed out

The new macd ,I'll let you know that very soon(2-3 days)
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  • #299
  • Oct 13, 2009 9:54am Oct 13, 2009 9:54am
Finally, i got the idea right. Clock 3 trades on Eur/USD at GMT 2200h, 2203h & 2220h. Each 5 pips.

Thanks again for the great help.

Can I say that we are now waiting for the 5M & 1M to go towards the same direction?

Thanks
Cap
  • #300
  • Oct 13, 2009 10:18am Oct 13, 2009 10:18am
Quoting capcity
Finally, i got the idea right. Clock 3 trades on Eur/USD at GMT 2200h, 2203h & 2220h. Each 5 pips.

Thanks again for the great help.

Can I say that we are now waiting for the 5M & 1M to go towards the same direction?

Thanks
Cap
Please,this is a scalping system, well I call it scalping system, 5 min chart is there for guidance,you need to make your trading decision from 1 min chart but getting the trend direction from 5 min , do not forget to open OBV indicator.
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