DislikedHi
Are we talking about 2 or 3 patterns here...a bit confused.may be
Pattern 1: GG or RR
Pattern 2: GR (then sell if price above sma) or RG (then buy if price below sma)
Pattern 3: GGR or RRG
I do understand the first 2 patterns. if pattern 3 is different, can someone please explain a bit about this?
ThanksIgnored
- #802
- Mar 16, 2010 11:47am Mar 16, 2010 11:47am
Saintsurfer,
A lot of movement today. Last trade did not you our way, but hoping the current one does
I wonder how you treat spread? Do you take it into account, that is buying at 00-level + spread? And it that case, do you actually use SL 100 -/+ spread and/or TP 100 -/+ spread?
Archie
A lot of movement today. Last trade did not you our way, but hoping the current one does
I wonder how you treat spread? Do you take it into account, that is buying at 00-level + spread? And it that case, do you actually use SL 100 -/+ spread and/or TP 100 -/+ spread?
Archie
Saintsurfer,
A lot of movement today. Last trade did not you our way, but hoping the current one does
I wonder how you treat spread? Do you take it into account, that is buying at 00-level + spread? And it that case, do you actually use SL 100 -/+ spread and/or TP 100 -/+ spread?
Archie
Saintsurfer,
Hi again. I was thinking about the GGR/RRG-patterns. The rules say that e.g. RRG-patterns are only valid for a trade when they are below the SMA. However, the last RRG-pattern was right on the SMA (though still above it) and should have ended up in a winning trade. Do you have any results/comparision regarding taking these patterns only above/below or taking them regardless of the SMA?
By the way, it's looking good right now... hoping for a continuation of the rise....
Only the point of the closing patern need to be over/below the sma, if part of the patern is on the other side it is not a problem.
But e.g today the RRG pattern closed above, so that was not a valid trade, right?
How strict are you, when it comes to distance to the SMA? Today it was pretty close, but still on the wrong side.
hi everybody !
i'm back after 3 months of research, thinking about the system and holidays
i see this thread is still alive, thank you saintsurfer for your good job ! And sorry for the poor sallary
.
My opinion is that simple is beautiful.
Now,i will trade only GG and RR with GBP/USD 50 pips : if i have 2 previous green, i go long, if i have 2 previous red, i go short. i will use the 10 SMA filter : if the price is above the 10 SMA (TF daily), i only go long and not play the RR. If the price is under the 10 SMA, i only go short and not play the GG.
The results with c-speed tester are :
2000 800 PIPS
2001 350 PIPS
2002 300 PIPS
2003 -450 PIPS
2004 3 300 PIPS
2005 1 450 PIPS
2006 2 850 PIPS
2007 400 PIPS
2008 3 650 PIPS
2009 3 200 PIPS
I'm actually long from 1,5350
I will tell you my results
Bye
Zebulon
i'm back after 3 months of research, thinking about the system and holidays
i see this thread is still alive, thank you saintsurfer for your good job ! And sorry for the poor sallary
.My opinion is that simple is beautiful.
Now,i will trade only GG and RR with GBP/USD 50 pips : if i have 2 previous green, i go long, if i have 2 previous red, i go short. i will use the 10 SMA filter : if the price is above the 10 SMA (TF daily), i only go long and not play the RR. If the price is under the 10 SMA, i only go short and not play the GG.
The results with c-speed tester are :
2000 800 PIPS
2001 350 PIPS
2002 300 PIPS
2003 -450 PIPS
2004 3 300 PIPS
2005 1 450 PIPS
2006 2 850 PIPS
2007 400 PIPS
2008 3 650 PIPS
2009 3 200 PIPS
I'm actually long from 1,5350
I will tell you my results
Bye
Zebulon
- #813
- Edited 10:18am Mar 17, 2010 9:15am | Edited 10:18am
hi everybody !
i'm back after 3 months of research, thinking about the system and holidays
i see this thread is still alive, thank you saintsurfer for your good job ! And sorry for the poor sallary
My opinion is that simple is beautiful.
Now,i will trade only GG and RR with GBP/USD 50 pips : if i have 2 previous green, i go long, if i have 2 previous red, i go short. i will use the 10 SMA filter : if the price is above the 10 SMA (TF daily), i only go long and not play the RR. If the price is under the 10 SMA, i only go short...
Welcome back Zebulon!
So you think that 50 pips are better than 100 pips? The results seem very promising, and according to my backtest of 100 pip bars, it would be better with 50 pips. However, don't you think that it will cause too many false trades? Do you have any stats for the same period for 100 pip bars?
Also, do you take trades on the 00 and 50 levels, without exceptions, or where do you begin? Do you account for spread? Do you use TP/SL 50?
I also noticed that the price bars indi does not really work on higher TF's. What sort of indi do you use?
And the last question, do you go for continuing RR/GG-patterns? Like just now, with seven 50 pip bars in a row. Do you take only the first and wait until the trend is over, or do you take every new RR/GG-pattern, even if it's actually RRRR/GGGG?
Thanks in advance!
Regards
Archie
Welcome back Zebulon!
So you think that 50 pips are better than 100 pips? The results seem very promising, and according to my backtest of 100 pip bars, it would be better with 50 pips. However, don't you think that it will cause too many false trades? Do you have any stats for the same period for 100 pip bars?
Also, do you take trades on the 00 and 50 levels, without exceptions, or where do you begin? Do you account for spread? Do you use TP/SL 50?
I also noticed that the price bars indi does not really work on higher TF's. What sort of indi...
False trades, there are some, but there is only one negative year in 10 years, telling us that good trades > false trades... that is what we are looking for !
Yes i take trades on 00 and 50 level .
I don't care about spread, because the spread is inside the candle : i place my order in advance with round numbers.
Yes i use TP/SL 50 pips.
i don't use any indi. I just draw bars on the chart..
Yes i take every RR/GG pattern, if the SMA 10 is in the good side.
I think the reason why the back test of 100pips might not ve bn good was because you didnt consider the counter trend i.e the RGG or GRR counter trades against the filter. I ve bn trading Saintsurfer's method for two weeks on live...last week was profit, this week i ve had 2wins and a loss, im quite happy with that...rIght now im just waiting to see if we get a R..so i can trade GR pattern...BTW nice to have u back zebulon
