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New to Forex. Need Help. Welcome to the Snakes & Ladders System. 22 replies

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Chutes and Ladders

  • #21
  • Apr 25, 2010 3:32am Apr 25, 2010 3:32am
I know Tony has said there is no repainting... but to confirm... can anyone run this on a simulator and check? As it does look too good to be true or Tony... you have come across... what I think, just looking back at the charts... a great system, with clear entry and exit, with MM this can be MY holy grail!

Thanks Tony!
Vip
  • #22
  • Apr 25, 2010 3:49am Apr 25, 2010 3:49am
That I agree with... as by looking back at the charts you can see this, so I would not enter until the candle has closed, makes it a bit more easier.

Quoting Indrek
It does not repaint, it just may change place during the candle at the open of which you entered. So, what we are dealing with here is totally blind entry. Equal to pitch and toss.
Sorry to say that but it is a fact.
  • #23
  • Apr 25, 2010 6:32am Apr 25, 2010 6:32am
Hi Tony,

Thanks for sharing your 2 systems with all.

But can you explain the thinking of a forex trader who has a system that makes approx 300 to 700 pips a week (HA T2) then gets involved with evolution of a new system ?

On this system: I dont seem to recall any mention of trading with the trend etc so are you saying with this system you can be permenantly in the market , (As you close a position it is also the time to open the next position in the opposite direction )
Can you also let us know you approx pips for this system please.

Thanks again
  • #24
  • Apr 25, 2010 8:44am Apr 25, 2010 8:44am
Firstly Thanks For shairing this new system with everybody here, I have posted a chart explaining my point. The example on the chart is purely to get an idea of where to enter as I'm aware this is a MTF trend system.
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  • #25
  • Apr 25, 2010 10:01am Apr 25, 2010 10:01am
When a candle opens on the right side of the BLUE line, how do we know if it will be a BULL or BEARISH candle? We will not know until it closes, so would we be waiting on the second candle to open position based upon the previous candle or are we actually opening based upon the direction of the blue line?
  • #26
  • Apr 25, 2010 10:08am Apr 25, 2010 10:08am
This looks good. A way to see the Heiken Ashi trend, while stiil being able to view the actual candles price action patterns as well. I'm going to give it a whirl on forward testing. Thank you for sharing.
“The waiting is the hardest part” Tom Petty
  • #27
  • Apr 25, 2010 10:31am Apr 25, 2010 10:31am
looks very good !
this is one of the simplest i know !! THANK YOU !!!

maybe cld u explain how to adapt it to oanda?
  • #28
  • Apr 25, 2010 10:52am Apr 25, 2010 10:52am
Quoting et_phonehome_2
When a candle opens on the right side of the BLUE line, how do we know if it will be a BULL or BEARISH candle? We will not know until it closes, so would we be waiting on the second candle to open position based upon the previous candle or are we actually opening based upon the direction of the blue line?
My apologies to everyone for not being clear on this, the blue line goes with the price open so you will have to wait for the candle that looks like it's open is outside the blue line to close. this is not a holy grail and you will lose some trades as with all systems. yes in hindsight it looks to be perfect but in live it is not. sorry ukcool for the wrong advice.
MY GRID. Markets are NOT random.
  • #29
  • Apr 25, 2010 11:26am Apr 25, 2010 11:26am
Quoting kdx
Firstly Thanks For shairing this new system with everybody here, I have posted a chart explaining my point. The example on the chart is purely to get an idea of where to enter as I'm aware this is a MTF trend system.

Hi KDX
You have to wait for the signal candle to close completely outside of the blue line. This red candle did not. According to Tony's rules your 14:30 candle is the signal candle. You would wait for that to close and enter on the open of the 15:00 candle a long.

Maybe Tony can verify this.

Bluesteele
Master your Mind,,,Master the Market
  • #30
  • Apr 25, 2010 11:32am Apr 25, 2010 11:32am
Quoting mistersimple
looks very good !
this is one of the simplest i know !! THANK YOU !!!

maybe cld u explain how to adapt it to oanda?

Would you just not have MT4 open along with Oanda? Pull your signals from
MT4 put through your broker seems to be simpler than trying to make it work on Oanda charts.

Bluesteele
Master your Mind,,,Master the Market
  • #31
  • Apr 25, 2010 11:56am Apr 25, 2010 11:56am
Quoting tonyb123
My apologies to everyone for not being clear on this, the blue line goes with the price open so you will have to wait for the candle that looks like it's open is outside the blue line to close. this is not a holy grail and you will lose some trades as with all systems. yes in hindsight it looks to be perfect but in live it is not. sorry ukcool for the wrong advice.
Tony, now it makes perfect sense! I withdraw my earlier comment that was caused purely by uncertainty in the rules.
  • #32
  • Apr 25, 2010 12:10pm Apr 25, 2010 12:10pm
Quoting tonyb123
After, up trend the open of a new candle on the right side of the blue line enter a short trade. wait for candle that has arrow to close then enter the trade. blue line moves with the open of the candle.
very very good indicator how can get it can u send it 2 me at mail i would like 2 try it thanks a lot
  • #33
  • Apr 25, 2010 5:28pm Apr 25, 2010 5:28pm
live trading EURJPY M5
125.62 (Short) ..
  • #34
  • Apr 25, 2010 5:31pm Apr 25, 2010 5:31pm
out @ 125.56 .. quick kill ..big volume..
  • #35
  • Apr 25, 2010 11:21pm Apr 25, 2010 11:21pm
Quoting mistersimple
out @ 125.56 .. quick kill ..big volume..
Are you seriously testing a "New Strategy" on your live account without demoing it first?
  • #36
  • Apr 26, 2010 3:14am Apr 26, 2010 3:14am
Firstly Thanks bluesteele for your explanation, I've posted another chart would appreciate some comments Thanks.
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  • #37
  • Apr 26, 2010 6:46am Apr 26, 2010 6:46am
Quoting kdx
Firstly Thanks bluesteele for your explanation, I've posted another chart would appreciate some comments Thanks.

I am a bit confused... Which is the blue line we are talking about in this chart..
  • #38
  • Apr 26, 2010 8:21am Apr 26, 2010 8:21am
Quoting kdx
Firstly Thanks bluesteele for your explanation, I've posted another chart would appreciate some comments Thanks.
HA indicator line needs to be:

Heading down (below the candle) for a sell
Heading up (above the candle) for a buy

Wes
  • #39
  • Edited 10:10am Apr 26, 2010 9:45am | Edited 10:10am
I may be misunderstanding something, but I don't see the difference between using the Heiken Ashi 2 indicator and simply trading the color change of the HA candles (which isn't a bad way to trade if using MTF).
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  • #40
  • Apr 26, 2010 11:11am Apr 26, 2010 11:11am
Quoting chazbo 3071
I may be misunderstanding something, but I don't see the difference between using the Heiken Ashi 2 indicator and simply trading the color change of the HA candles (which isn't a bad way to trade if using MTF).
I agree with you fully plus the older Heiken Ashi candles can email Me the signals not keeping me glues to my Screen.
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