The Raz Method | Page 31 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Is There Any Simplest Method To Success In Forex? 63 replies

bo7a method... method for GBP/JPY 205 replies

(Method) Trading Systems 1 reply

Inquiry of 400:1 leverage method 11 replies

Simple trading method 49 replies

Attachments: The Raz Method
Exit Attachments

The Raz Method

  • #601
  • Dec 7, 2009 6:35pm Dec 7, 2009 6:35pm
Well I just got home from work, and it looks like I missed an entry for short on the loonie. I have an order entry to short now if it rallys back up and gives me and opportunity to get back in. So hopefully I hit it goes back up high enough, hopefully not too high.

The pic shows where the valid entry is...
Attached Image (click to enlarge)
Click to Enlarge Name: loonie.gif Size: 26 KB
Trade Like a Robot make money Like a Bank
  • #602
  • Dec 7, 2009 8:26pm Dec 7, 2009 8:26pm
thx Raj...
To read the indicator, just follow the picture below..

(please download the indicator again...I updated some component)...
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.jpg Size: 140 KB
Attached File(s)
File Type: zip RazSys.zip   23 KB | 271 downloads
  • #603
  • Dec 7, 2009 8:26pm Dec 7, 2009 8:26pm
have to cancel that order, the USD/CAD when +20 pips on that short of entry point. So now I wait to see what I can pick up going forward.
Trade Like a Robot make money Like a Bank
  • #604
  • Dec 7, 2009 8:29pm Dec 7, 2009 8:29pm
Quoting stewart_2611
thx Raj...
To read the indicator, just follow the picture below..

(please download the indicator again...I updated some component)...

cool, does the RSI give a sound signal alert when it crosses the 55 line or 45 line, when it crosses instantly or when it crosses then closes on it? I had an earlier sound system that did this but, it would only give me a sound alert when it crosses RSI 55 or 45 line when it closed, so sort of useless.
Trade Like a Robot make money Like a Bank
  • #605
  • Dec 7, 2009 8:33pm Dec 7, 2009 8:33pm
Here current stats thus far.

CURRENT STATS:
WEEKLY TRAIL:
1 WINNERS (1 MISSED)
0 LOSSES (0 MISSED)
EARNED THIS WEEK $0.00
MONTHLY TRAIL:
STARTING BALANCE $499.83
MONTHLY GOAL $644.20
CURRENT BALANCE $462.62
Trade Like a Robot make money Like a Bank
  • #606
  • Dec 7, 2009 8:44pm Dec 7, 2009 8:44pm
Hi Raz,

What do you think about the possible GBPUSD short trade? Do you think MACD was too flat for the last 15-20 bars?

Thanks.
  • #607
  • Dec 7, 2009 8:48pm Dec 7, 2009 8:48pm
Quoting Blackeagle
Hi Raz,

What do you think about the possible GBPUSD short trade? Do you think MACD was too flat for the last 15-20 bars?

Thanks.

it is a connecting candle, and yes the macd both line. See hot is closes, but definetly. The macd looking 15 candles back is flat, and showed bearish momentum before, so definite if it closes valid
Trade Like a Robot make money Like a Bank
  • #608
  • Dec 7, 2009 8:59pm Dec 7, 2009 8:59pm
Then again that is why I trade on closed candles, so will have to wait and see if it makes another dive later. But gj spotting a potential Blackeagle
Trade Like a Robot make money Like a Bank
  • #609
  • Dec 7, 2009 9:15pm Dec 7, 2009 9:15pm
Quoting raz
Then again that is why I trade on closed candles, so will have to wait and see if it makes another dive later. But gj spotting a potential Blackeagle
I thought you were not trading GBPJPY with this strategy, am I wrong?
  • #610
  • Dec 7, 2009 9:43pm Dec 7, 2009 9:43pm
Quoting Blackeagle
I thought you were not trading GBPJPY with this strategy, am I wrong?

i am sorry, I meant gj as in good job, but know I do not trade gbp/jpy, it is a good pair to trade, but not this method.
Trade Like a Robot make money Like a Bank
  • #611
  • Dec 7, 2009 11:05pm Dec 7, 2009 11:05pm
Looking at a AUD/USD and NZD/USD, of course this is demo, but looks like they are setting up a nice short possibility.
Trade Like a Robot make money Like a Bank
  • #612
  • Dec 7, 2009 11:12pm Dec 7, 2009 11:12pm
Quoting raz
Looking at a AUD/USD and NZD/USD, of course this is demo, but looks like they are setting up a nice short possibility.
Agree, short at 0.9131 at the close of previous bar was a valid one.
  • #613
  • Dec 7, 2009 11:37pm Dec 7, 2009 11:37pm
These are the demo, not live, but here would be the entries for these two....

AUD/USD : Short at .9131 counting a two pip spread, I will see if it hits ASK price of .9104

NZD/USD : Short at .7137 counting a three pip spread, I will see if it hits ASK price of ..7109

The valid entry of the NZD/USD is next candle taken for the AUD/USD.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aud.gif Size: 25 KB
Click to Enlarge Name: nzd.gif Size: 25 KB
Trade Like a Robot make money Like a Bank
  • #614
  • Dec 7, 2009 11:39pm Dec 7, 2009 11:39pm
Looks possible now, but still early into candle so will have to see where this goes.
Trade Like a Robot make money Like a Bank
  • #615
  • Dec 8, 2009 12:14am Dec 8, 2009 12:14am
Quoting raz
cool, does the RSI give a sound signal alert when it crosses the 55 line or 45 line, when it crosses instantly or when it crosses then closes on it? I had an earlier sound system that did this but, it would only give me a sound alert when it crosses RSI 55 or 45 line when it closed, so sort of useless.
I get what you mean...currently RSI LCD indicator only alert when it crosses then close on it...

So I update the indicator again to alert when it crosses 55/45 line without wait it to close yet (repaint)...in this upadate, I provided option either we want repaint alert or not and also to choose either playsound or alert message.

Please inform me again if still have error...thx
Attached File(s)
File Type: mq4 RSI LCD.mq4   4 KB | 271 downloads
  • #616
  • Dec 8, 2009 12:15am Dec 8, 2009 12:15am
this is my entry for GU now....almost hit TP...
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 18 KB
  • #617
  • Dec 8, 2009 12:21am Dec 8, 2009 12:21am
Quoting raz
These are the demo, not live, but here would be the entries for these two....

AUD/USD : Short at .9131 counting a two pip spread, I will see if it hits ASK price of .9104
You mean BID price of 9104, I suppose. Because you are taking short at .9131 which mean you'll not have any spread cost when entering the trade. But you'll have spread cost while exiting which means your Bid price will be .9104 and Ask price will be .9106 and when you exit at .9106 Ask price, your profit will be +25 pips. Ask price of .9104 will earn you +27 pips.

Same logic is true for NZDUSD trade.
  • #618
  • Dec 8, 2009 12:24am Dec 8, 2009 12:24am
Quoting Blackeagle
You mean BID price of 9104, I suppose. Because you are taking short at .9131 which mean you'll not have any spread cost when entering the trade. But you'll have spread cost while exiting which means your Bid price will be .9104 and Ask price will be .9106 and when you exit at .9106 Ask price, your profit will be +25 pips. Ask price of .9104 will earn you +27 pips.

Same logic is true for NZDUSD trade.
yes you are correct, I am $hitty with math or logic for that matter
Trade Like a Robot make money Like a Bank
  • #619
  • Dec 8, 2009 12:28am Dec 8, 2009 12:28am
Quoting raz
Looks possible now, but still early into candle so will have to see where this goes.
For cable current bar is too large, IMO, and the previous bar didn't meet RSI requirement and 3 was still above 20.

Re. Euro. Only problem is the lack of momentum. If you check MACD and ADX, they are too flat. So I am not sure if this is a valid signal due to MACD filter. What do you think, Raz?
  • #620
  • Dec 8, 2009 12:32am Dec 8, 2009 12:32am
Quoting stewart_2611
this is my entry for GU now....almost hit TP...

well I hope it falls more for you, I did not short because I did not get a close of the candle. A couple things I think will make me not use the LCD for RSI, and this is my observation not a disrespect to your work on making adjustments that work for you.

For one I like looking at the RSI graph, it will show double tops, double bottoms, divergences, and so forth as well as pattern formations. Also I like to look at big jumps on RSI, and sometimes avoid them or enter a few pips back.

however I like what you have done, and I am not a computer wiz at all, and I am horrible with the MT4, so I appreciate what you have done.
Trade Like a Robot make money Like a Bank
1 trader viewing now