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SwingRider - Simple, Low-Maintenance, Effective

  • #41
  • Jan 31, 2008 10:14am Jan 31, 2008 10:14am
It's been kind of quiet with the uncertainty in the markets for the last couple of days, though there have been a small number of tasty signals. I think we may be seeing downward direction developing in the EURUSD, so I took the short signal on the H1 TF this morning... posmotriem...

I've also been considering the SwingValidator as a possible entry/exit vehicle. It may be that one could enter when it begins moving up (in the direction indicated be the color) and exit when it starts back down again. I'll keep my eye on that possibility - comments welcome...

DGC
  • #42
  • Feb 1, 2008 4:26am Feb 1, 2008 4:26am
Quoting DGC
It's been kind of quiet with the uncertainty in the markets for the last couple of days, though there have been a small number of tasty signals. I think we may be seeing downward direction developing in the EURUSD, so I took the short signal on the H1 TF this morning... posmotriem...

I've also been considering the SwingValidator as a possible entry/exit vehicle. It may be that one could enter when it begins moving up (in the direction indicated be the color) and exit when it starts back down again. I'll keep my eye on that possibility - comments welcome...

DGC
This is the way I have been looking at it to be honest. It sort of renders the Early Warning redundant, but it does seem to work. I have only been focusing on EURUSD over the last couple of days, and using the first fall on the SwingValidator as the exit (as per my earlier post). It's been losing but that method of exit appears to have kept the losses quite tight. I expect most Trend following strategies have sturggled in the last couple of days for this pair. It has been pretty ugly. I am sticking with it though.
  • #43
  • Edited 9:16am Feb 1, 2008 4:40am | Edited 9:16am
Hi DGC!

For the breakout situation itself the validator is a little too slow, there are more sensitive indicators to monitor this process. I think the early warning is quite good for this purpose. Should be on one side of the zeroline in all TF.
Usefull also the tools we can find here:
http://www.forexfactory.com/showthread.php?t=67723

Concerning the direction of e/u. To go short is not a good idea(??), even if there might be a timelimited reaction to the downside. CoT data are pointing to much higher levels.
Also watch Gold in terms of Euro:
http://stockcharts.com/h-sc/ui?s=$GO...d=p57172432084
If Gold reallies against the Euro, the Euro is undervalued.
Best regards
/ ... clarifying decisions ... /
  • #44
  • Feb 1, 2008 10:12am Feb 1, 2008 10:12am
Quoting rogerha
This is the way I have been looking at it to be honest. It sort of renders the Early Warning redundant, but it does seem to work. I have only been focusing on EURUSD over the last couple of days, and using the first fall on the SwingValidator as the exit (as per my earlier post). It's been losing but that method of exit appears to have kept the losses quite tight. I expect most Trend following strategies have sturggled in the last couple of days for this pair. It has been pretty ugly. I am sticking with it though.
Yes, it seems that the SV is carrying essentially the same info as the other two... there is sometimes value in being able to see the entries and exits represented in different ways - and even in different indicators - so for some in may be useful to maintain all 3 indicators. I'm thinking it's all in the SV, though...

Hanging in through the tough periods is what it's all about. And having the patience to stay off the trade button until clear direction is reestablished. That's why I'm using trendlines to provide some context in addition to the indicators. Others may prefer S/R or pivots or fib, etc. Whatever works; context is a necessity.

DGC
  • #45
  • Feb 4, 2008 12:47pm Feb 4, 2008 12:47pm
Driven mostly by time constraints, I've decided to re-focus my efforts on this system to the daily timeframe. I'll take a look at the most popular pairs at the end of this trading day (using the classic SR plan) and report where I see entries... assuming there will be any.

Stay tuned....


DGC
  • #46
  • Feb 4, 2008 10:07pm Feb 4, 2008 10:07pm
  •  w_z
  • | Joined Dec 2007 | Status: hand over them pips | 61 Posts
hey dgc

nice sys.

do you know if the validator repaints?

W
  • #47
  • Feb 4, 2008 10:11pm Feb 4, 2008 10:11pm
Quoting w_z
hey dgc

nice sys.

do you know if the validator repaints?

W
Thanks.

None of these indicators repaints... the value of the current bar may change as price fluctuates until the bar is closed (like any other indicator), but once it closes the value won't change anymore.

DGC
  • #48
  • Feb 4, 2008 10:29pm Feb 4, 2008 10:29pm
  •  w_z
  • | Joined Dec 2007 | Status: hand over them pips | 61 Posts
sweet thanks.

a lot of indicators repaint. for example, the fisher. the version that repaints looks absolutely amazing. when i first plot it on my charts, i was like...dude, i've struck gold.

there are versions that do not repaint, but they're jagged.
  • #49
  • Feb 4, 2008 10:30pm Feb 4, 2008 10:30pm
Looking at the signals for the new daily bar, I see that of the eight pairs I'm currently tracking, only the EUR/CHF has given an entry today.. actually it was yesterday (based on my ODL MT4 charts), but part of the beauty of a daily system is that you're looking for trades that often last weeks or even months, so getting in a day or two after the signal is seldom a problem..

02.04.2008 EURCHF: Long at 1.6108 - current price: 1.6132 = +24 pips

Several other pairs have given signals recently. Here are those trades as they would stand had we taken them:

01.31.2008 EURUSD: Long at 1.4826 ~ current price: 1.4813 = -13 pips
01.20.2008 GBPUSD: Long at 1.9550 ~ current price: 1.9719 = +169 pips
01.29.2008 USDJPY: Long at 106.98 ~ current price: 106.78 = -20 pips
01.03.2008 USDCHF: Short at 1.1194 ~ current price: 1.0886 = +308 pips
01.31.2008 AUDUSD: Long at 0.8847 ~ current price: 0.9076 = +229 pips
01.29.2008 USDCAD: Short at 1.0047 ~ current price: 0.9936 = +111 pips
01.27.2008 GBPJPY: Long at 211.81 ~ current price: 210.55 = -126 pips

Total for all trades: +682 pips

This doesn't account for spread or swap, but as a general guide, it seems to show some pretty good entries overall. I'm still not too pleased with the performance of the Yen crosses, but the others are doing well...

DGC
  • #50
  • Feb 4, 2008 10:32pm Feb 4, 2008 10:32pm
Quoting w_z
sweet thanks.

a lot of indicators repaint. for example, the fisher. the version that repaints looks absolutely amazing. when i first plot it on my charts, i was like...dude, i've struck gold.

there are versions that do not repaint, but they're jagged.
Yeah, I know. Some repainters can be useful in giving insight into past performance, but are generally not good for trading signals.


DGC
  • #51
  • Feb 5, 2008 11:47pm Feb 5, 2008 11:47pm
No new signals for this system today... Keep an eye on the USDCHF, though. It's crossed the SwingLine and we're awaiting SV confirmation, possibly before the week is out.

Still holding the EURCHF buy... currently - 52 pips
  • #52
  • Feb 6, 2008 6:18pm Feb 6, 2008 6:18pm
Today's update:

The EURCHF buy continues to struggle (currently -97 pips) and the Early Warning for the closed bar (yesterday's) has turned down, so a conservative strategy would be to exit and take the loss. I went in with a small trade size so my initial SL was 200 pips.. because that's still a ways away (and I can accept the risk) I'll leave things as they are and see if it turns around. If we get a sell signal in the next couple of days, I'll bail out...

The USDCHF opened above the SwingLine yesterday, and the new bar of today is showing a long color in the SwingValidator. The conservative play would be to wait one more day (at least) until an up bar in the SV has closed, but I decided to try an early entry, so I bought a small size trade here. Again, 200 pips SL.

DGC
  • #53
  • Nov 24, 2009 12:50pm Nov 24, 2009 12:50pm
Sorry for my English.
Someone is still using this technique?
hugs from Brazil
  • #54
  • Mar 28, 2010 12:15pm Mar 28, 2010 12:15pm
hi DGC
nother newbie to forex systems .
Please can help me your swing validater.
I cann't get both the SwingValidator and the Early Warning indicators together in the same window.

Tnaks
  • #55
  • Mar 28, 2010 12:17pm Mar 28, 2010 12:17pm
hi DGC
nother newbie to forex systems .
Please can help me your swing validater.
I cann't get both the SwingValidator and the Early Warning indicators together in the same window.

Thanks
  • #56
  • Last Post: Jun 19, 2010 10:57am Jun 19, 2010 10:57am
Quoting crazyraj
hi DGC
nother newbie to forex systems .
Please can help me your swing validater.
I cann't get both the SwingValidator and the Early Warning indicators together in the same window.

Thanks
See ..... http://www.forexfactory.com/showpost...3&postcount=31
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