1M / 5M RSG System

If I make 20 pips one time or 100 pips another time, I am just grateful that I have been offered them. I have never counted pips per day, week, month etc as I don't want to feel like I am expected to get that many the next day, week, month. The market always changes and I cannot reasonably expect to hit a certain target regularly. So I relax and just let the market come to me and give me what is on offer. This way there is less pressure and I enjoy the ride more.

Many people on here will have a target that they strive to reach, and I think that's great for them, but I don't trade that way.

thanks for answering kirk, you are totally right and i agree with you, it is difficult to say, as the market gives you today and we take what it gives us, but just a slight idea of how profitable, could it be? maybe near 100 pips in average or less. thanks again.

100 pips per month would be easily achievable for someone who used this system. You can look back through the last couple of comments in this thread and you will find one person who has been backtesting this, and then started using it live, and made over 200 pips in only 2 weeks!

The sky is the limit with ANY system, as long as you use correct MM procedures, keep your emotions in check, and depending how long you want to be at the computer each day looking for signals. You could even test this (on a DEMO!) on other pairs to increase the number of signals you get.

Theis will hopefully be a good one...both the 1M and 5M alerts went off almost at the same time, I think they were about a minute or two apart.

Other reasons for taking this particular trade: On BOTH the 1M and 5M charts, price is already above the 144EMA, so there is little resistance. We are however just below an important level at 1.4400, so I will be watching this closely until it manages to clear this level.

1 lot bought at 1.4397. Have not placed SL in but I am managing trade at the screen so I have the 10 pip SL in my head rather than on the screen.

Notice how I have removed the red and orange MACD signals...I am becoming used to the green signals on both charts being enough for me to successfully trade, so I have removed them as a trial to see how I go without them.

i am really amazed by your sharpness, i took that long too, if i can contribute a little with the exit, the price hit the r1 pivot at the exact moment it also showed a divergence in the yellow macd, and congratulations to kawaja and his very good record.

nice trending day in euro, today i got

+45 pips from the big short we had since 10 am london time, thanks kirk

yesterday

a nice short signal i took +45
today a long +1
and a short +28

Hi Everybody,
Weekly report!! from 01/18/10 to 01/22/10= 111 ticks(based on +10/-10)!! not bad. Trend trading is always the best!! this week was great compare to last week as we had two days this week without any new release n volatility was low on these two days. This week winning ratio was not that much high=64% but it was a great week anywaz!

thanx!!
khawaja.

thanks a lot for your report, it is a really good job,

today first signal a short, 8 17 am
right now reaching the 15 pips profit, lets see how the day goes.

then a long at 11:32 am, target at pivot resistance 1, so 25 pips there and right now a short 14:14 lets see how it goes, see u later,

so far for the day

+15
+25

the short as everybody saw gave around 10 pips profit, now again right now another short 16:05, target the daily pivot, hope it reaches it.

today just one short at the ny open, target s3 pivot level at 1.4027 good for 15 pips, but the real run was last night london too slow, too sidetrend in fact againts the 5min trend .

Hi ...

This is my trade now...and one trade in the morning.
Made some testing with MACD, and this is my setup.
Every trade is 10-20tp.Looking on m1 with MTF indi when to exit the trade. 1-3 trades per day is great for me.
Will be posting pics of my trades , so we will see how is going.




http://i46.tinypic.com/13z0kqv.png

Hi..I'm nubie...Just want to now...is MA on this system just for exit?...
Rules does not mention about MA for Entry..thanks...and sorry about my bad english

First, I apologize for my typing errors, English is not my native language.

This is my first comment, I have been visiting this forum some days ago and I am amazed at the amount of help offered by the community. I have about a year trading, and approximately 2 months to operate a real account, and obviously, I was doing wrong, like any other rookie, I was doing a good battery of indicators, but doing all that they were saying to me, and not seeking to understand the chart. I found this post, and decided to investigate , because since the first post is not very clear at first instance, but nice Trading system!!! really.

Well, now I understand the chart, but I took the confidence to make some changes

I explain

Indicators:

RED 1M RSG MACD (8,13,1)
GREEN 1M RSG MACD (21,89,1)
EMA 233 Close (Yellow bold)
EMA 34 Close (Aqua)
EMA 21 Close (Red)
Smoothed MA 5 close (Magenta)


changes from original system

You see, I changed the properties of RED MACD (13,21,1) to (8,13,1)
and properties of GREEN MACD (34,144,1) to (21,89,1)
And deleted the MACD ORANGE

I changed the values of 144 to 233 EMA

and Important, I added a 5-period Smoothed MA

after analyzing and testing, you can wait for the MACD crossing the zero for entry but looking at the chart I saw that the smoothed MA makes the function of a first Support in a crash, and as resistance on a hike, and may be this is the signal for an exit soon after taking a few pips, before 21 and 34 EMAs crossing, by the way if you closed your position, when the price touch or crosses the smoothem MA5, this time (when the price touches or crosses smoothed MA5) can be a nice re-entry. also you must observe the space between the EMA244 and other EMAS and assume the risk of getting into a position


ENTRY

- LONG
* Smoothed MA 5 and EMA 21 crosses above EMA 34 OR
* MACD RED crosses above Zero AND
* Trend of MACD GREEN is going on top

- SHORT
* Smoothed MA 5 and EMA 21 crosses below EMA 34 OR
* MACD RED crosses below zero AND
* Trend of MAD GREEN is going on bottom

EXIT

- Prices touches or crosses the Smoothed MA5

It may sounds ridiculous, but it works for me, you don't lose nothing to try

Saludos a todos!!!

"A great thing to really push your learning along is to download OANDA platform, place the EMA's on the 5 SECOND screen and watch the behaviour that way. It is identical to any other timeframe, but because it occurs at a much quicker rate, you get to see the signals develop quicker and learn about the price action at these levels quicker also."



Excellent post. Yes like almost anything else, the market is fractal in nature.

Another way to gain experience is to use an MT4 trade simulator on fast forward.

Just now there was a fast move up and I was able to "visualize" the quick retracement down, then again I was able to "visualize" the move back up to test the very recent high again. ...All this without looking at the chart, but simply keeping my eyes peeled to an enlarged price#.

Still like some colorful indicators on my charts though.

By the way, if anyone knows of an MT4 trade simulator that allows running two or three offline timeframe charts concurrently please let me know. As far as I know the one I use - LFH trading simulator 3 - only allows 1 chart at a time on the screen.

Thanks everyone.

Was using this a little bit on my MT4 platform.

Demo'ing the Oanda platform, as I'm mac based and running java instead of Windows/Parallels is easier.

I like the platform for the most part.

BUT, I can't use the MACD settings as used here.

When using 21/34/1 and 34/144/1, all I get is the signal line.
Now bars going up/down the zero line showing the volume/strength,etc.

Any ideas ???

I have a question regarding this system.
If 1M : RED, ORANGE and GREEN is start going below 0, but the M5 GREEN already below zero, what should we do?

Thanks
Wtjs

anyone using Oanda and trading this ?

setting signal line to 1, get me just a red line on the MACD.
Unlike my MT4, which I won't be using at all much longer.

Hi Kirk,

Are you still using this system? I live in Australia, Newcastle to be exact. Could you private message me with your email address so we can speak off line. I have some ideas about how to use this system that may be beneficial to you. I would PM you but you don't have the PM activated.