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50 pips candle system

  • #861
  • Mar 24, 2010 4:37pm Mar 24, 2010 4:37pm
I don't use SMA 500, i use SMA 5

I use it with daily chart. If Price is under SMA 5 ( now it is), i will not take GG patterns but only RR. I consider we are in a downtrend and i don't want to go against it.

If price is above SMA 5 on my daily chart, i will take only GG patterns.
  • #862
  • Edited 6:27am Mar 25, 2010 3:11am | Edited 6:27am
Quoting zebulon
I don't use SMA 500, i use SMA 5

I use it with daily chart. If Price is under SMA 5 ( now it is), i will not take GG patterns but only RR. I consider we are in a downtrend and i don't want to go against it.

If price is above SMA 5 on my daily chart, i will take only GG patterns.

Yes I know, but SMA 5 on daily equals SMA 480 on 15M, if I'm not wrong, that was what I meant

Which pairs do you use the system on?
  • #863
  • Mar 25, 2010 7:14am Mar 25, 2010 7:14am
Its unbelievable!!! This sytem works very well... Im trying on G/U and G/J but want to know if there is another pair profitable too.

Regards.
  • #864
  • Mar 25, 2010 10:29am Mar 25, 2010 10:29am
First time in 4weeks im having 2consective losses with saint surfer method.....
  • #865
  • Mar 25, 2010 12:44pm Mar 25, 2010 12:44pm
Quoting Archie
Yes I know, but SMA 5 on daily equals SMA 480 on 15M, if I'm not wrong, that was what I meant

Which pairs do you use the system on?
I trade only GBP/USD...
  • #866
  • Mar 25, 2010 12:48pm Mar 25, 2010 12:48pm
Quoting xandyakko
Its unbelievable!!! This sytem works very well... Im trying on G/U and G/J but want to know if there is another pair profitable too.

Regards.
I think any volatile pair works.
  • #867
  • Mar 25, 2010 4:55pm Mar 25, 2010 4:55pm
Quoting zebulon
I think any volatile pair works.
Thanks! I hope you don't mind me asking, but why have you chosen 50 pips instead of 100? Have you tested 100 pips as well, or do you think that it will be more profitable in the long run?

Archie
  • #868
  • Mar 25, 2010 6:21pm Mar 25, 2010 6:21pm
Hi Archie,

The original method was with 50 pips bars.

I prefer because there is twice more action than with 100 pips bars...
I think yes, it will be more profitable in the long run, because there are more valid patterns.
Today with 100 pips bars we would have GRR, if we play RR, we had one sell order triggered but no money in our pocket at this time.
With 50 pips bars, i had GGRRRR today, i have played RRRR, so 2x50 pips=100 pips and one sell order which is not finished .
  • #869
  • Mar 25, 2010 8:31pm Mar 25, 2010 8:31pm
Quoting zebulon
Hi Archie,

The original method was with 50 pips bars.

I prefer because there is twice more action than with 100 pips bars...
I think yes, it will be more profitable in the long run, because there are more valid patterns.
Today with 100 pips bars we would have GRR, if we play RR, we had one sell order triggered but no money in our pocket at this time.
With 50 pips bars, i had GGRRRR today, i have played RRRR, so 2x50 pips=100 pips and one sell order which is not finished .
You stop using martingale?
  • #870
  • Mar 26, 2010 12:21am Mar 26, 2010 12:21am
Hi
I did notice that a red brick was not displayed with the
PriceChangeChart1 .
Were supposed to be RRRR as Zebulon mentioned using
50 pips bricks .
Any ideas why ?
Zebulon , what chart do you prefer to look at , 15M , 30M ?
Tks


Quoting zebulon
With 50 pips bars, i had GGRRRR today, i have played RRRR, so 2x50 pips=100 pips and one sell order which is not finished .
Attached Image (click to enlarge)
Click to Enlarge Name: no red brick.gif Size: 67 KB
  • #871
  • Mar 26, 2010 4:23am Mar 26, 2010 4:23am
Quoting david4u
Hi
I did notice that a red brick was not displayed with the
PriceChangeChart1 .
Were supposed to be RRRR as Zebulon mentioned using
50 pips bricks .
Any ideas why ?
Zebulon , what chart do you prefer to look at , 15M , 30M ?
Tks
Hi,

I have noticed this as well, and for me it has happened when price has moved very fast. On my 15M chart the high was made by one bar, and in those situations the indicator doesn't work that well. I watched the 5M also, and it seems that the high was made in one bar there as well.

I have the indicator as a helping tool, and most of the times it works well, but I prefer looking at the price action to see what is really going on.

Archie
  • #872
  • Mar 26, 2010 11:21am Mar 26, 2010 11:21am
Much movement, but not much results, at least positive. 4 losses in a row with both gbp/usd methods. Thats the hardest part. But should begin be better soon HA HA HA.
  • #873
  • Mar 26, 2010 12:04pm Mar 26, 2010 12:04pm
Quoting xandyakko
You stop using martingale?
Yes, i'm using now something as d'alembert i have adapted :

at each trade, i win or i loose 50 pips.
I play first with 10.000 : If i loose, i play next with 12.000, if i loose again, 14.000. Then if i win, i play with 13.000, if i win again i play with 12.000.

Each time i loose, + 2.000
Each time i win, -1.000 untill i reach my top score, then reset to 10.000

Enjoy it
  • #874
  • Mar 26, 2010 12:12pm Mar 26, 2010 12:12pm
Quoting david4u
Hi
I did notice that a red brick was not displayed with the
PriceChangeChart1 .
Were supposed to be RRRR as Zebulon mentioned using
50 pips bricks .
Any ideas why ?
Zebulon , what chart do you prefer to look at , 15M , 30M ?
Tks
I prefer 15M chart, except to watch SMA 5 on daily chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 10-03-26 18 07 29.jpg Size: 91 KB
  • #875
  • Mar 26, 2010 5:14pm Mar 26, 2010 5:14pm
Quoting zebulon
Yes, i'm using now something as d'alembert i have adapted :

at each trade, i win or i loose 50 pips.
I play first with 10.000 : If i loose, i play next with 12.000, if i loose again, 14.000. Then if i win, i play with 13.000, if i win again i play with 12.000.

Each time i loose, + 2.000
Each time i win, -1.000 untill i reach my top score, then reset to 10.000

Enjoy it

Zebulon,

What is your 'top acore'?


Archie
  • #876
  • Mar 27, 2010 4:21am Mar 27, 2010 4:21am
Quoting Archie
Zebulon,

What is your 'top acore'?


Archie
I mean the higher value of my account...
  • #877
  • Mar 27, 2010 4:49am Mar 27, 2010 4:49am
Quoting Saintsurfer
Much movement, but not much results, at least positive. 4 losses in a row with both gbp/usd methods. Thats the hardest part. But should begin be better soon HA HA HA.
do u use zebulon method of 5sma on daily too...though i had losses with 100pips bar this week..im still sticking with it...
  • #878
  • Mar 27, 2010 5:38am Mar 27, 2010 5:38am
Quoting ife
do u use zebulon method of 5sma on daily too...though i had losses with 100pips bar this week..im still sticking with it...
I use same chart, you know with 1000sma on 15min or 500 on 30 min GBP/USD.
Yes, it is nessesary to be disciplined and patient, few losses is nothing it can even be worse sometimes. So heads up it will also be better I am sure.
  • #879
  • Mar 28, 2010 11:54am Mar 28, 2010 11:54am
Quoting Saintsurfer
I use same chart, you know with 1000sma on 15min or 500 on 30 min GBP/USD.
Yes, it is nessesary to be disciplined and patient, few losses is nothing it can even be worse sometimes. So heads up it will also be better I am sure.

Hi Saintsurfer,

Have you had any success with the EA so far? I have tried it, but it doesn't place any trades at all, and I don't get any error messages, so I cannot figure out what's wrong with it.

Appreciate any help.


Regards

Archie
  • #880
  • Mar 28, 2010 4:31pm Mar 28, 2010 4:31pm
Hi Archie,

It plases trades for me if the platform run all the time without interuption. It can be becose the ea has to be turn on while the patern is developing from the start so it recognises it and place a trade, thats may gess. A VPS server is good idea. I use one. And sure it maybe can be solved by a programer . I will probably contact the programer that developed it, maybe he can repair a little bit.
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