I doubt if anybody still trades this system not even zebulon, i guess.....
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DislikedI can`t garuanty I will do that, due to I can be very busy sometimes.when I will be able I will do that. Anyway if you have rules corect it is very easy. You can set pending orders and you will not miss anything. Good luck. We will be on one side of the trades either wining or losingIgnored
DislikedHi Saintsurfer,
Have you tested this system across pairs? Any other pair that you've had luck with?
I am curious, why did you come up with 100 pip bars, instead of 50? I have checked the charts, and by my experience 100 pips seem to remove many false signals, but how about profitability, what are your experience?
Also, why did you choose SMA 1000 on TF15?
In my opinion, I feel that RR and GG patterns are a bit safer than RRG or GGR, or what do you think?
Cheers!Ignored
DislikedI am sure it is posible to trade diferent pairs, but it may need diferent settings. but g/u seems to work best with these bar size and paterns. So I am not breaking my head much to find the holy grail.
I hope you understand that this system is dependent on price movement not time. But if you swith to higher time frame same 1000 sma will become double so stronger while you still see same paterns. On 30 min chart you chould use 500 sma to see same relationchip between paterns and sma.
And sure RG GR is more dangerous due to negative risk reward ratio...Ignored
DislikedSaintsurfer,
Thanks for your answer.
Have you backtested the system, for e.g. last year? I tested last 6 couple of months, and all have been positive or BE for RR or GG. However it is hard to test, because of the settings for the SMA.
Regards
ArchieIgnored
DislikedDo you only take trades from the boxes? Or from the recent high/low?
In this picture using the boxes resulted in a loss but if you were going from the high it would have hit profit.Ignored
DislikedHigh everybody !
For this system, you need 2 indicators : a pen and some paper.
I trade only GBP/USD because usually, there are big movements.
Each time the price move 50 pips up, i draw a green candle.
Each time the price move 50 pips down, i draw a red candle.
As Renko, this system does not take care about time, a candle is drawn when 50 pips are done whatever the time to reach it.
This is good to eliminate the noise.
This system is good in trend and in range.Ignored
DislikedI think it should be a good idea, to be dependant the ATR... Letīs see... BTW this post is getting killed because of poor backstests... All indis Iīve tried didn,t work, you know, 4 hours doing backtest for nothing... letīs see your indi howīs perform! But, BTW I donīt know why when i try to download it i get a message of wrong attachment...Ignored
DislikedZedbulon,
Can you clarify the SL movement that you follow?
Looking in my chart when price crosses below red box-A we enter short with SL1 at -50 pips. When price crosses below red box-B we move to SL2 (breakeven). When price crosses below C you could:
a) Move to SL3 (50 pips profit) and your trade stops with the next blue box
b) Take profit at TP=100 pips profit but you miss a probable move lower as often happens.
Which option would you use?
KostasIgnored
DislikedZebulon,
Have you ever considered this pattern?
V A V A V A V A V
V A V A V A V A V
You will never win with this pattern if you follow the rules on post #1.
There is possibility it could happen !!!
Just a thoughtIgnored
DislikedResent posible trades, entries at x`s, one loss and two wins here.Ignored
DislikedSaintsurfer, do you mind if u helped me with a back test for Gbp/Yen from last year till date with this same settings of yours. i took a glance at it on the chart, it looked pretty good on sight (i just a need a valid data to back it up)..Thanx in advance,will really appreciate it.Ignored