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50 pips candle system

  • #661
  • Dec 27, 2009 2:14pm Dec 27, 2009 2:14pm
Happy Holidays Everyone!

My thanks to Zebulon for presenting this idea and to C-speed for giving us a chance to test it.

When you run a test check the orders sequence to make sure it's working, I found some inconsistencies. Perhaps I'm mistaken. Please check the attachment.

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Snap4.jpg Size: 243 KB
  • #662
  • Dec 29, 2009 3:25pm Dec 29, 2009 3:25pm
Quoting saunga2nd3
Happy Holidays Everyone!

My thanks to Zebulon for presenting this idea and to C-speed for giving us a chance to test it.

When you run a test check the orders sequence to make sure it's working, I found some inconsistencies. Perhaps I'm mistaken. Please check the attachment.

Thanks

Thanks for pointing that out! It has been fixed.
  • #663
  • Dec 29, 2009 6:43pm Dec 29, 2009 6:43pm
C-speed,

Awesome, will keep testing.

Thanks!
  • #664
  • Dec 29, 2009 7:16pm Dec 29, 2009 7:16pm
C-speed,

Here's another problem I see. If you take the sequences GG and RGRG, your end up with a buy and sell order on the same spot. Same is true for the opposites. Please look at the image.

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Snap10.jpg Size: 228 KB
  • #665
  • Dec 29, 2009 11:41pm Dec 29, 2009 11:41pm
Just wanted to point out that, if you're going to use any kind of progressive sizing (e.g. Martingale, d'Alembert, Fibonacci, Guetting, etc), the only way that it will ultimately prove advantageous is if the larger sizes coincide with higher probability trades.

It can be shown mathematically that MM in itself does not alter trade expectancy (I attached an XLS demonstrating this here). Hence if you use progressive sizing merely to try to recover from losses more quickly, all you're doing is reducing the length of the losing sequence that leads to wipeout. Double your sizes and you more than double the probability of attaining irretrievable drawdown. The market doesn't care about your account balance. The primary goal of MM must always be capital preservation.

If your entries and exits deliver positive expectancy, then you will succeed anyway, by simply applying consistent and conservative MM. Conversely, MM can never turn a losing system into a winning one. If it were possible to succeed with MM alone, then no market analysis would be necessary.

Put another way, expectancy (which is ultimately the end result of how accurate your entries and exits are) determines the eventual direction of your equity curve; position sizing determines how wide the deviations (swings) are.

I don't mean to sound in any way patronizing or negative. Hopefully it's helpful to understand the mathematical ins-and-outs of position sizing.

IMO your basic approach is original, and I wish you many pips in 2010.
  • #666
  • Dec 30, 2009 12:46am Dec 30, 2009 12:46am
Quoting saunga2nd3
C-speed,

Here's another problem I see. If you take the sequences GG and RGRG, your end up with a buy and sell order on the same spot. Same is true for the opposites. Please look at the image.

Thanks

Good eye! Fixed again. The results are even BETTER now
  • #667
  • Dec 30, 2009 3:48am Dec 30, 2009 3:48am
Quoting C-speed
Good eye! Fixed again. The results are even BETTER now
Hi Guys,

I would first like to thank Zebulon for starting this great thread, (may long it continue!), C-SPEED for his expertise in his back tester, and Saunga2and3 for pointing out any errors along the way.

This now seems to be a system that we can add to our porfolio and run along side any existing systems that we use individually. The system is simple and effective.

I will test this sequence RRG, GGR, GRG, RGR, over the next 3 months on Demo as this sequence seems to give the best results from 2000-2009 with only 5 consecutive losses (This may differ in future results.)

Oh! and by the way this is on 100 pip bars, using 10 day SMA as filter and Zebulon's martingale 3 and out.

Happy NEW YEAR to you all..!
  • #668
  • Dec 30, 2009 4:44am Dec 30, 2009 4:44am
Quoting Trade-Man
Hi Guys,

I would first like to thank Zebulon for starting this great thread, (may long it continue!), C-SPEED for his expertise in his back tester, and Saunga2and3 for pointing out any errors along the way.

This now seems to be a system that we can add to our porfolio and run along side any existing systems that we use individually. The system is simple and effective.

I will test this sequence RRG, GGR, GRG, RGR, over the next 3 months on Demo as this sequence seems to give the best results from 2000-2009 with only 5 consecutive losses (This...
Have just spotted something on C-SPEED tester that if we just use the sequence of GR and RG on the 100pip bar it gives exactly the same results as RRG, GGR, GRG, RGR is this just a coincidence or an error?

Any thoughts would be gratefull..
  • #669
  • Dec 30, 2009 12:33pm Dec 30, 2009 12:33pm
Quoting Trade-Man
Have just spotted something on C-SPEED tester that if we just use the sequence of GR and RG on the 100pip bar it gives exactly the same results as RRG, GGR, GRG, RGR is this just a coincidence or an error?

Any thoughts would be gratefull..
THERE are not any errors it is just becose both paterns in some way are the same becose they will take oposite trade after each new bar.
  • #670
  • Dec 30, 2009 12:51pm Dec 30, 2009 12:51pm
The laguerre i use it to trade on 1hr eurusd

the system is simple, use it and make money and be happy , if i cannot have fund to trade i can help someone to trade ,and if i can be remembered for someones happiness i will be joyful .
target is 70pips stop loss is 70pips trail is 60pips

SYSTEM
laguerre: period 0.7
rsi : period 14

filter : rsi 14 on 4hr chart

buy
when laguerre move just above 0.15 and rsi is above 57 in 1hr chart
filter:now go to 4hr to see if ris is above 51 then buy if not dont buy never.

Sell
when laguerre is just below 0.85 and rsi is below 43
filter: now go to 4hr to see if rsi is below 49 then sell

Obey instruction u prosper if u deviate u will perish
Attached Image (click to enlarge)
Click to Enlarge Name: recent eu picture.gif Size: 48 KB
  • #671
  • Dec 30, 2009 1:12pm Dec 30, 2009 1:12pm
GGGGRGRRRGRRRRRGRRGRGGGGRGRGGGRRRGGRRGRGGRGRRRGRRGGRGGGRRGGGRGGRRRGGGGGGGRGRGGGGGRRGRRGGGRRGGRGRRRGG
GGGRRRGRGRRGGRRGRRRGRGGGGRGRGGRGRRGRRGR
this is sequense using 200 bar from 2009.01.01 and if I test this period with RRRG and GGGR paterns the tester say that there only are one qonsequtive loss. but there are at least four losses in a row. You can see that easily looking at this sequense. there would be taken oposite trade after three same bars and there are seven green bars in a row , so it gives four losses
  • #672
  • Dec 30, 2009 2:18pm Dec 30, 2009 2:18pm
Quoting Saintsurfer
GGGGRGRRRGRRRRRGRRGRGGGGRGRGGGRRRGGRRGRGGRGRRRGRRGGRGGGRRGGGRGGRRRGGGGGGGRGRGGGGGRRGRRGGGRRGGRGRRRGG
GGGRRRGRGRRGGRRGRRRGRGGGGRGRGGRGRRGRRGR
[color=#ff0000]this...

I'm not sure where you are seeing only one consecutive loss. I just tried it from 1/1/2009 and it says 4 consecutive losses.
  • #673
  • Dec 30, 2009 2:33pm Dec 30, 2009 2:33pm
Quoting C-speed
I'm not sure where you are seeing only one consecutive loss. I just tried it from 1/1/2009 and it says 4 consecutive losses.
it is strange but it shows only one for this period and with these paterns for me...and only two from 2001
  • #674
  • Dec 30, 2009 2:40pm Dec 30, 2009 2:40pm
Quoting Saintsurfer
it is strange but it shows only one for this period and with these paterns for me...and only two from 2001
ok I did reset and tryed again these paterns it scows now corect, sorry but i don`t know why it showed wrong, never mind
  • #675
  • Dec 30, 2009 2:43pm Dec 30, 2009 2:43pm
Quoting Saintsurfer
ok I did reset and tryed again these paterns it scows now corect, sorry but i don`t know why it showed wrong, never mind
  • #676
  • Jan 1, 2010 4:39am Jan 1, 2010 4:39am
Quoting C-speed
^ Really? If the angle of the 10 day SMA is pointing UPWARDS (2 o'clock direction), then buy only. If the angle is DOWNWARDS (5 o'clock direction), then sell only.
Good new year to everyone!!!

C-speed, can you tell me please exsact minimum sma slope angle if i want to know the trend direction? Sometimes it is hard to know does the sma allows to take position or not, especialy when the end of sma starts to change direction. Does it has to be stright to confirm? Thank you.
  • #677
  • Jan 1, 2010 11:08pm Jan 1, 2010 11:08pm
Quoting Saintsurfer
Good new year to everyone!!!

C-speed, can you tell me please exsact minimum sma slope angle if i want to know the trend direction? Sometimes it is hard to know does the sma allows to take position or not, especialy when the end of sma starts to change direction. Does it has to be stright to confirm? Thank you.

I don't think is using any slope. It just sells when price is over the ma and buys when price it's below. So winning orders move towards the ma. But still, something doesn't look right.
  • #678
  • Jan 1, 2010 11:32pm Jan 1, 2010 11:32pm
C-speed, it's me again

Check the pic, self-explanatory.
Attached Image (click to enlarge)
Click to Enlarge Name: Snap11.jpg Size: 290 KB
  • #679
  • Jan 2, 2010 5:39am Jan 2, 2010 5:39am
Quoting saunga2nd3
I don't think is using any slope. It just sells when price is over the ma and buys when price it's below. So winning orders move towards the ma. But still, something doesn't look right.
C-speed says it uses som degree of slope so thats way I ask to be sure when I want to trade manually
  • #680
  • Jan 2, 2010 2:27pm Jan 2, 2010 2:27pm
Quoting saunga2nd3
C-speed, it's me again

Check the pic, self-explanatory.
Fixed
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