What about this system? Amazing strategy | Forex Factory

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What about this system? Amazing strategy

  • #1
  • First Post: Apr 28, 2008 10:29am Apr 28, 2008 10:29am
I have found this system in FF, but I donīt understand very well. Could anybody explain it more?

AMAZING Strategy!!! i finally found the amazing scalping strategy i have been looking for all my life!!!!

EuroRiddle v1.0 (99.9% accuracy):

> you make 1 trade per day on the EURUSD

> your "day" ends at 4:59EST and starts at 5pm EST

> use 60 minute chart with the MACD and RSI on the chart

> each day at 5pm EST you start watching the chart. it may take hours and hours of watching the chart, but keep watching until the high or low for the day has been hit.

> as soon as the daily high or low has been hit on the 60 minute charts, switch to your 1 minute charts. if the daily high or low has also been hit on the 1 minute chart, the signal is confirmed.

> after the signal is confirmed enter the trade immediately. if it is the high for the day that has been hit, go short. if it is the daily low that has been hit, go long.

> set stop loss of 15 pips and a profit target of 25 pips.
Thanks
  • #2
  • Apr 28, 2008 10:45am Apr 28, 2008 10:45am
Read that whole thread.
It's a joke.
  • #3
  • Apr 28, 2008 4:46pm Apr 28, 2008 4:46pm
You forgot about 5/8 EMA crosover for confirmation and Supersecret indicator, that i currently cant find on FF, but i know someone, who may know, where to find an owner of it, or at last who to ask...
...


  • #4
  • Edited 10:57pm Apr 28, 2008 5:35pm | Edited 10:57pm
I have found, though I don't undestand it, what seems to be "The Perfect Path."
Thank you FF You have given the Course.

Yeah, I know it appears as a shout.

WAKE THE FRICK UP!

I'm getting a little punch drunk finding that it is all about what fits.

Still finding my way... After all these years... It's about gaining More than Last Period. period
  • #5
  • Apr 29, 2008 2:45am Apr 29, 2008 2:45am
Guys he was saying he didn't understand it very well.
  • #6
  • Apr 29, 2008 3:53am Apr 29, 2008 3:53am
Quoting forexmoments
Guys he was saying he didn't understand it very well.
oK. i missed it.
So - my friend if you don't understeand it very well it's good sign. I would rather worry if someone can understeand it, because it looks like some loads of nonsense.
If its some real system, you should try ask an author of thread, or eventually paste an url to thread you refer to. Otherwise "we, the traders" can say nothing.
  • #7
  • Dec 12, 2009 6:49pm Dec 12, 2009 6:49pm
those who question validity of this system are gravely mistaken .
This system is the BEST and ONLY way to make money in Forex.

You only need two indicators to use this system :

Daily High and Daily Low .

Of course the middle line is usefull also .

FF is overriden by people who look for different systems , but this one is only profitable and good.

There is no other system that consistently makes money .

Day in and day out .

ExCePt ThIS ONE
  • #8
  • Dec 13, 2009 4:46am Dec 13, 2009 4:46am
Its a great system really, I made 20 million last Saturday trading GBP/NN
Quoting czango
those who question validity of this system are gravely mistaken .
This system is the BEST and ONLY way to make money in Forex.

You only need two indicators to use this system :

Daily High and Daily Low .

Of course the middle line is usefull also .

FF is overriden by people who look for different systems , but this one is only profitable and good.

There is no other system that consistently makes money .

Day in and day out .

ExCePt ThIS ONE
  • #9
  • Dec 13, 2009 10:05am Dec 13, 2009 10:05am
awesome stuff!

always nice to see things like these in a zero-sum game.
  • #10
  • Dec 13, 2009 10:12am Dec 13, 2009 10:12am
Quoting forenxe
I have found this system in FF, but I donīt understand very well. Could anybody explain it more?

IF you would read the first page of that thread, you'll see that it was a joke. However, the thread continues and continues and continues.
  • #11
  • Edited 10:03am Jul 26, 2010 9:31am | Edited 10:03am

Hi Forenxe,
I see this is SNR based on Daily High/Low. Let see whether this explanation valid to you:

EuroRiddle v1.0 (99.9% accuracy):

>you make 1 trade per day on the EURUSD
>your "day" ends at 4:59pm EST and starts at 5pm EST
=> This should be typo error, there must be a 24 hours within a day.

>Use 60 minute chart with the MACD and RSI on the chart
=> On MT4, H1 is used to see the daily, H4 is used to see weekly; D1 is used to see Monthly...etc.
=> Therefore to accurately find the DAY High & LOW, He rely on H1 chart and not on any other timeframe.
=> As above stressed that started from 5pm to next 5pm. then you need to find the DAY_HIGH & DAY_LOW within this time zone. Not based on the default period seperator (midnight to midnight). Diff MT4 broker give diff timing, you need to convert the GMT to the correct EST. If you use MBT MT4 platform (I think should be in EST Time Zone). Then just need to find the High/Low from 17:00 to 17:00.
=> What is this DAY_HIGH & DAY_LOW? In fact is Yesterday Daily Support & Resistance.

=> The indicator MACD & RSI are not explain, guess something to do with OB/OS and Divergence.


> each day at 5pm EST you start watching the chart. it may take hours and hours of watching the chart, but keep watching until the high or low for the day has been hit.

=> If we defined Yesterday Daily Support & Resistance. Then after 4:59pm ended, the next moment from 5pm onward that consider current day, you try to look from the price hit the "Yesterday Daily Support & Resistance" every hour


> as soon as the daily high or low has been hit on the 60 minute charts, switch to your 1 minute charts. if the daily high or low has also been hit on the 1 minute chart, the signal is confirmed.
=> This statement may seen silly, if the 60min hit, then 1min or any other timeframe should be hit. But it is possible that once you see the H1 hit, by the time you switch to M1, the price may be overshooted, then you need to wait till the the price REVERSE back to Daily High or Low to confirm the signal.


> after the signal is confirmed enter the trade immediately. if it is the high for the day that has been hit, go short. if it is the daily low that has been hit, go long.

=> After the previous situation had been confirmed, then you enter your trade

> set stop loss of 15 pips and a profit target of 25 pips.
=> As in above mentioned steps, then your stoploss is possible to set to 15pips. Not just jump in when H1 hit Daily_High/Low, if you do that, likely you will kill the stoploss when price overshooted more than 15pips

I hope this is logical to you.
  • #12
  • Jul 26, 2010 3:36pm Jul 26, 2010 3:36pm
Why did you even bother to write this? Original post over 2 years ago, and poster not active for almost a year. He must have made his millions from it and split

Quoting Kelvinhand
Hi Forenxe,
I see this is SNR based on Daily High/Low. Let see whether this explanation valid to you:

EuroRiddle v1.0 (99.9% accuracy):

>you make 1 trade per day on the EURUSD
>your "day" ends at 4:59pm EST and starts at 5pm EST
=> This should be typo error, there must be a 24 hours within a day.

>Use 60 minute chart with the MACD and RSI on the chart
[color=blue]=> On MT4, H1 is used to see the daily, H4 is used to see weekly; D1 is used...
  • #13
  • Edited 7:19pm Jul 26, 2010 6:33pm | Edited 7:19pm
Quoting eagle4x
Why did you even bother to write this? Original post over 2 years ago, and poster not active for almost a year. He must have made his millions from it and split
Whether the method is 2 years ago or 200 years ago, there will be people interest to learn it, although you may not see the usefulness of the system. To you it may be wasting of time, but to other it may be a treasure.

When I read the post,I still could not understand how he do it,But when i write out and decode his rules, It seen to see clearer to me.

So I doing myself a favor, help myself. And doing a favor for other that interested to help themselves. And in return, themselves will come and help myself.

That all.
  • #14
  • Jul 30, 2010 12:56am Jul 30, 2010 12:56am
Quoting FXcess
I am making some variations on this system, trying to capture 70-80% of the day instead of 20 pips one trade per day.

Hopefully this can be done soon.
That rule is too simplistic. You want to capture more, then you need to access the trend. Only you know the trend, then you can do these:
1. Short if price REVERSE at DAY_HIGH
2. Long if price CONTINUE at DAY_HIGH
3. Long if price REVERSE at DAY_LOW
4. Short if price CONTINUE at DAY_LOW

Cheers...
  • #15
  • Jan 6, 2011 9:14pm Jan 6, 2011 9:14pm
Hey Kelvinhand,

i have seen your previous post and you seem to understand it already, do u have any charts to show up. im still blur here. i have just posted on the original thread but they still seem like talking too much joke over there...

Have you tested it out ? i have a chart on my side hereif you like to see it pls let me know then i can mail it over.

cheers..
my mail: [email protected]
  • #16
  • May 1, 2011 3:00am May 1, 2011 3:00am
wow jumped ship - eye eye capin - howdy shipmates - over there on the other thread its a bit crzy - many happy people joking - reason being they found that the amazing stratergy works, and as a newbie who went through months of hell trying to figure it out - well i did finally and it works, the thing is if you cant set up your macd - read an rsi - and listen to the magic of the creator of the amazing stratergy then what the hell are you doing in the forex market - in simplicity it works for me - if found it and believe me i aint the brightest crayon in the coloring box, so why complicate things - clear your mind do what it says and hey presto - you have a trade.. hope it helps - back to the other thread for a few more jokes amazing eh !!
  • #17
  • May 1, 2011 3:31pm May 1, 2011 3:31pm
Quoting dean1star
wow jumped ship - eye eye capin - howdy shipmates - over there on the other thread its a bit crzy - many happy people joking - reason being they found that the amazing stratergy works, and as a newbie who went through months of hell trying to figure it out - well i did finally and it works, the thing is if you cant set up your macd - read an rsi - and listen to the magic of the creator of the amazing stratergy then what the hell are you doing in the forex market - in simplicity it works for me - if found it and believe me i aint the brightest crayon...
This "method" is a joke, dude.

It's poking fun at the people who think they can have a set of a gazillion with awesome -super- settings that will tell them when to go long/short, trade for 5 minutes a day, and they'll make instant profits!
  • #18
  • May 4, 2011 4:09am May 4, 2011 4:09am
um er well no thats a no - its logical there can only be one high and one low each day - surely this is correct - no ? or should that be yes, um is that sell high buy low or buy low sell high - in honesty it works for me on the euro dollar - takes a little bit of getting used to but it is a dialy trade.. greetings to all..d.
  • #19
  • May 4, 2011 10:31am May 4, 2011 10:31am
Quoting forenxe
I have found this system in FF, but I donīt understand very well. Could anybody explain it more?

AMAZING Strategy!!!...
It was a Joke
  • #20
  • Edited 12:08pm May 4, 2011 11:26am | Edited 12:08pm
When I read that over a year ago, I understood the responses. But the underlying message is even more subtle. To me, it was about screentime day in and day out, and you will begin seeing patterns.
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