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Very Profitable System - Roi system

  • #61
  • Jan 4, 2010 9:20am Jan 4, 2010 9:20am
Quoting fx358
Dear Traders,

I traded today in the european market with the ROIF system (thanks for that system) and I had great succees. I use on top to the original system the ADX indicator (thanks scartree) and I only do the trade if the ADX look rising up additionally.

I do 3 trades long in eu, au, uscad and one short in uj

All three long trades are succesfull with a first TP of 12 pips and a second order with open TP with which I followed the trend in the market. That means as a sample, I take in eurusd a 12 pips TP very soon and closed the second trade...
hi, i also now starting to trade live for today. i uses ADX(14) and Stoch (5,3,3) to confirm the signal. Got some losses. My trade today on
Long USDJPY, Long EURUSD, Short USDCHF and just now a Long on AUDUSD.

Hit SL of 20 pips each on both USDCHF and USDJPY. I uses e Quik Trailing EA to trade. take 50% when hit 10 pips and let the rest roll.

Btw, i found out that u only enter when it crosses the line at the 2nd candle.. if not u will get "trouble"...

care to share more? thanks
  • #62
  • Jan 4, 2010 9:22am Jan 4, 2010 9:22am
actually i created a template so that i can easily apply on the pairs...

i found out that you have to reapply the template after sometimes, and the MTF SR lines will be different.. did anyone encounter that? thanks
  • #63
  • Jan 4, 2010 9:55am Jan 4, 2010 9:55am
Quoting KPForex
actually i created a template so that i can easily apply on the pairs...

i found out that you have to reapply the template after sometimes, and the MTF SR lines will be different.. did anyone encounter that? thanks

hi KP I found the same thing myself... and also the T3 clean Indi needs refreshed as well..
  • #64
  • Jan 4, 2010 9:57am Jan 4, 2010 9:57am
Quoting rebelheart
hi KP I found the same thing myself...
hmmm...maybe someone can advice us how to prevent that
  • #65
  • Jan 4, 2010 10:32am Jan 4, 2010 10:32am
Nice going Roif. Your system seems to have attracted a lot of admirers. Thanks for the gift.
  • #66
  • Jan 4, 2010 1:10pm Jan 4, 2010 1:10pm
I'm still looking for someone to code an alert when price crosses the S&R dots. I missed several trades today. An audio alert is necessary. Thanks, Paris
  • #67
  • Jan 4, 2010 6:43pm Jan 4, 2010 6:43pm
Quoting Paris Hilton
I'm still looking for someone to code an alert when price crosses the S&R dots. I missed several trades today. An audio alert is necessary. Thanks, Paris
You could use the attached indicator. Just drag the line to the price that you want to alert.
Attached File(s)
File Type: mq4 Price_Line_Alert.mq4   2 KB | 1,396 downloads
  • #68
  • Jan 4, 2010 7:48pm Jan 4, 2010 7:48pm
Hi scartree,

just notice that my chart is different from u, see attached. What is ur setting?

Quoting scartree
Ok Paris- the family are all in the pool so I have a few minutes to myself!!

Last Thursday was New years Eve and traditionally not a great trading day. Nevertheless, this system still pulled them in! I saw 3 trades in my time zone (the grey area of my chart) for GU alone . The red lines show the opportunities.

In each case:

ROIF rules OK
Trix heading in right direction
Stoch crossed and in right direction
ADX over 22 and heading up to signal strong trend. (The first trade just qualified but I take other trades from these charts as well - I am...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.JPG Size: 265 KB
  • #69
  • Jan 4, 2010 11:07pm Jan 4, 2010 11:07pm
Hi KP

My chart is fundamentally the same as yours - the trading info is the same. I have some cosmetic differences and a couple of additional indicators - Trix, ATR and Laguerre. These are not really necessary for this strategy. In Post 47 you will see the indis I use. They are all available on this forum or standard to the MT4 platform. For ROIF only use the original indis plus the ADX.

I am not keen on sharing templates - people will learn a great deal more by setting up their charts to suit themselves. I am happy to share indicators and settings or information which can be helpful in trading but colour schemes are personal. I have shaded parts of my chart for the period I trade but unless you are in Eastern Australia and use my brokers time, this is not relevent to you.

I also have different settings for stochastic and ADX - the latter I also have a 40 line drawn - the rising ADX from 22 to 40 is one of my required signals. The stochastic is a standard MT4 with 2 lines - setting 5,3,3 - again, not really needed here but I admit to looking at it before taking a trade.

Hope this helps
Karl
  • #70
  • Jan 5, 2010 12:32am Jan 5, 2010 12:32am
i hit my Stop loss just now of 20 pips when going live...

anyway to prevent it? or is this a good entry?
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 159 KB
  • #71
  • Jan 5, 2010 1:13am Jan 5, 2010 1:13am
got another bad trade but luckily is on a demo account for this.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 200 KB
  • #72
  • Jan 5, 2010 1:15am Jan 5, 2010 1:15am
I'm not sure today because yesterday we saw a really good rally and normaly is the day after a bit slow. I try to be patient today morning.

In eurusd the high a couple minutes before was 1.4383 and I'll set a pending order long entry 1,4385.

Let's see what happens....
  • #73
  • Jan 5, 2010 1:22am Jan 5, 2010 1:22am
Quoting fx358
I'm not sure today because yesterday we saw a really good rally and normaly is the day after a bit slow. I try to be patient today morning.

In eurusd the high a couple minutes before was 1.4383 and I'll set a pending order long entry 1,4385.

Let's see what happens....
hi, what is ur stop loss then?
  • #74
  • Jan 5, 2010 2:03am Jan 5, 2010 2:03am
My SL was at 1.4359

But I deleted this pending order just a minute before. As you see the eurusd turn down and in this way the picture for a long trade doesn't exist further.

Wait for the next chance
  • #75
  • Jan 5, 2010 3:43am Jan 5, 2010 3:43am
is nt going to work for this new year 2010?
  • #76
  • Jan 5, 2010 3:59am Jan 5, 2010 3:59am
As I told before is today a slow day for the most of the pairs. The german dax turns around a range of 40 points (thats nothing) and I think that the market isn't strong enough at this time to build a good move in a 15 m Timeframe.

Maybe in a 5m timeframe you could make a view pips, but????

I do a tradingbreak now till 3pm german time.
Be patient is the important news at the moment, I think
  • #77
  • Jan 5, 2010 4:23am Jan 5, 2010 4:23am
I had a thought I'd like some feedback on ... in the attached example, where the red arrow is circled, the first 2 conditions are met for a sell, and I'd be waiting for the last sign, i.e.: "when the price breaks the red dots" ... I know the red dots are at 1.6141, so instead of sitting in front of my computer and just waiting, how about simply putting in a pending order a pip or 2 below the dots ... (the yellow line in this case)
Attached Image (click to enlarge)
Click to Enlarge Name: eg1.gif Size: 18 KB
  • #78
  • Jan 5, 2010 5:05am Jan 5, 2010 5:05am
Thanks for the system Roi

I've been trading for almost a year now and been trying every system I could get my hands on. My experience taught me, the simpler, the better.

Combining this simple system with good MM, has been a winner for me (on Demo). I'm going to use this on my live account.
  • #79
  • Jan 5, 2010 5:37am Jan 5, 2010 5:37am
KPForex - what setting have you got on #MTF SR? Your plots are indeed different to mine. I would not have taken either of these trades you show but if I had, my MM would have made my 12 pips and done! I do not use ROIF's exit but prefer to scalp 10 pips net after paying the rent!

I am not trading at present until the market gathers some steam - its all a bit quiet just now - too many people are away for the break. Maybe next week will see some better action in M15 - my preferred TF.

tbardolph - your analysis is OK as far the basic rules go and it would have been a good trade for a scalp. However, I would not have taken it as the ADX was not above 22 and heading up. As I said earlier, the ADX misses some trades but for me it makes those trades I take less risk.
  • #80
  • Jan 5, 2010 6:10am Jan 5, 2010 6:10am
tbardolph

I am also looking at the pending order - I believe it is an interesting way to go. I have been investigating a commercial script called Magic Lines which lets you put a line on the chart where you want to place a pending order or change the level by moving the line on the chart. The SL and TP can be similarly managed. This might be better than relying on a sound alert and then placing a trade immediately rather than pending.

Does anyone know of a similar script in the forum?
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