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Andrew Forex Trading System

  • #281
  • May 7, 2010 12:00am May 7, 2010 12:00am
It is good to see customers all around the globe. It functions on brokers or dealers. It has profit potential from diminishing and raising price. Forex trading as great scope in finical market.
  • #282
  • May 14, 2010 9:34am May 14, 2010 9:34am
Anybody still trading this system?
What a pity that many people are looking for as complicated systems as possible and miss the best strategies that are just working thanks to their simplicity.
To my mind this system here is one of the best that is available in FF. I myself do not ever trade any system strictly by initial rules. I just look for ideas and combine them with my own knowledge. But the very basics of my main system have come from this thread.
So, hope more people find this place.
Thank you, Andrew, and keep up your good work!
  • #283
  • May 14, 2010 10:35am May 14, 2010 10:35am
Any system will have a bad draw down period.... in my experience with threads on FF all the time things are going sweet and pips are made a thread survives

The moment you get 3 losing days or a bad week people jump ship and look for other strategies

Its a real shame because profits have to be looked at long term and not in short term gains.

Paulus
  • #284
  • May 14, 2010 10:48am May 14, 2010 10:48am
Quoting Paulus
profits have to be looked at long term and not in short term gains.
Absolutely! The real result appears only after months of trading, not weeks and certainly not days.
  • #285
  • May 14, 2010 2:24pm May 14, 2010 2:24pm
Quoting Indrek
Anybody still trading this system?
What a pity that many people are looking for as complicated systems as possible and miss the best strategies that are just working thanks to their simplicity.
To my mind this system here is one of the best that is available in FF. I myself do not ever trade any system strictly by initial rules. I just look for ideas and combine them with my own knowledge. But the very basics of my main system have come from this thread.
So, hope more people find this place.
Thank you, Andrew, and keep up your good work!
...

Indrek,

That's nice to hear. I wouldn't mind for this thread to get revived. Actually, I was looking at this just before the Dance system, and I would be interested to re-examine. It's just that my trader psycology is more suited for short-term trading but I wouldn't mind developing some abilities for longer term which is what Andrew's system requires. Do you have any tips/hints about how to go about here and what kind of modifications you have applied?

Kostas.
  • #286
  • May 14, 2010 7:19pm May 14, 2010 7:19pm
Hi Kostas,

I have been using this system with a few minor minor tweaks of my own. I like clean simple charts myself.

I like shorter timeframes as well and one of the basic things I do is base direction of my trades off of the four hour and enter on the 15.

Bluesteele
Master your Mind,,,Master the Market
  • #287
  • May 15, 2010 4:14am May 15, 2010 4:14am
Quoting kostas1
IDo you have any tips/hints about how to go about here and what kind of modifications you have applied?
Two important tips maybe:
1. I always trade to the direction of higher timeframe. That is why I have two supertrends on my H4 chart - current and D1.
I attach the indicator that I use. It has been modified by a user so that it does not repaint. (I have discovered that usual supertrend indicator repaints sometimes.)
2. After having a signal at H4, I usually go to M30 for entry.
Attached File(s)
File Type: mq4 SuperTrend nrp mtf.mq4   7 KB | 1,116 downloads
  • #288
  • May 15, 2010 6:17am May 15, 2010 6:17am
Quoting Indrek
Two important tips maybe:
1. I always trade to the direction of higher timeframe. That is why I have two supertrends on my H4 chart - current and D1.
I attach the indicator that I use. It has been modified by a user so that it does not repaint. (I have discovered that usual supertrend indicator repaints sometimes.)
2. After having a signal at H4, I usually go to M30 for entry.
Thanks Indrek and Bluesteel. I will try demo trading on these principles. Do you use Andrew's rules for SL and TP? I guess if you fine tune your entries/exits using a smaller TF it could save you some pips (meaning if you are on a H4 and your M30 shows a reversal pattern you could get out earlier before the price touches the supertrend)?

Kostas
  • #289
  • May 15, 2010 8:01am May 15, 2010 8:01am
Quoting kostas1
Thanks Indrek and Bluesteel. I will try demo trading on these principles. Do you use Andrew's rules for SL and TP? I guess if you fine tune your entries/exits using a smaller TF it could save you some pips (meaning if you are on a H4 and your M30 shows a reversal pattern you could get out earlier before the price touches the supertrend)?

Kostas
No, I do not use supertrend for SL. I prefer to leave more room for my trades. My initial SL is usually 1,5*ATR of H4, and TP is 2*ATR. I set SL to BE at halfway (1 ATR).
I do not watch my trades more often than once per 4 hours. I never follow them on M30 timeframe and usually do not close any trades manully. I wait for either SL or TP hit.
  • #290
  • May 17, 2010 1:02am May 17, 2010 1:02am
hey guys this is pretty much the system I use. I use 4 hr time frames but very subjective. my MM makes it a LOT different also and a little bit more volatile with more at risk but higher return =D. I prefer to trade in overall direction of charts (I chart on weekly/Daily to determine 6 month direction) then i pick up trades on the 1 hr and 4 hr. I never go under 1 hr. No need, too much stress and too much of my time glued to the screen. I have my phone for that hahaha. I find it to be MUCH more profitable (at least for me ) to focus on the big picture. I think this is incredibly fun and easy and I am bummed I just need capital now (still demo)
  • #291
  • Edited 12:18pm May 17, 2010 12:03pm | Edited 12:18pm
Quoting Indrek
Two important tips maybe:
1. I always trade to the direction of higher timeframe. That is why I have two supertrends on my H4 chart - current and D1.
I attach the indicator that I use. It has been modified by a user so that it does not repaint. (I have discovered that usual supertrend indicator repaints sometimes.)
2. After having a signal at H4, I usually go to M30 for entry.
Hi Indrek

Thanks for sharing MTF Supertrend and how you're using it. I have a couple of questions. Trading in agreement with Daily Supertrend, are you concerned with the color of the Daily Supertrend or just the fact that price is above/below the indicator?

Is this a valid entry on chart? Price and H4 Supertrend are above Daily Supertrend but color of Daily Supertrend is red.

After getting a signal on H4, if price is above Supertrend and green on 30M chart, do you enter immediately or wait for price to retrace below Supertrend and wait for a fresh signal?

You made no mention of the non lag indicator (dots). Is is part of your strategy as well?

Are you using 14 period ATR?

Thanks Charlie
Attached Image (click to enlarge)
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  • #292
  • May 17, 2010 12:28pm May 17, 2010 12:28pm
Quoting chazbo 3071
Hi Indrek

Thanks for sharing MTF Supertrend and how you're using it. I have a couple of questions. Trading in agreement with Daily Supertrend, are you concerned with the color of the Daily Supertrend or just the fact that price is above/below the indicator?

Is this a valid entry on chart? Price and H4 Supertrend are above Daily Supertrend but color of Daily Supertrend is red.

After getting a signal on H4, if price is above Supertrend and green on 30M chart, do you enter immediately or wait for price to retrace below Supertrend and wait for...
I trade a bit differently and always add discretion. So, I cannot comment your trades according to Andrew's system. And also not according to what I use because it always depends on what other pairs are doing. But, of course, it is safer to trade if all your indicators confirm.
I just wanted to point out the possibility to trade with higher TF confirmation. I trade MTF whatever system I use.
And I do not use ATR(14). I use ATR(120) for my SL and TP. I like longer term averages.
  • #293
  • May 23, 2010 4:04am May 23, 2010 4:04am
Trading review: AUDUSD, EURAUD (May 21, 2010)
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURAUD_21_05_2010.png Size: 51 KB
Best regards, Andrew Forex
  • #294
  • May 23, 2010 6:01am May 23, 2010 6:01am
Quoting Andrew Forex
Trading review: AUDUSD, EURAUD (May 21, 2010)
Good to see you dude.We missed u a lot

Thanx for coming back.
  • #295
  • May 23, 2010 6:28am May 23, 2010 6:28am
yes i also have confusion like mike 1980 that supertrend have tow colour at the end ....... can you please halp us regarded this ......
  • #296
  • May 24, 2010 6:37am May 24, 2010 6:37am
is there anybody in a trade right now with this system ?
  • #297
  • May 24, 2010 7:22am May 24, 2010 7:22am
Quoting gico
is there anybody in a trade right now with this system ?
I am
Took first profit at ATR - 59 pips.
Attached Image (click to enlarge)
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  • #298
  • May 24, 2010 7:32am May 24, 2010 7:32am
Quoting Indrek
I am
Took first profit at ATR - 59 pips.
thanks Indrek
do u have the last Andrew signal indi. ?
I got v1 and doesn't work with IBFX 4 digits
  • #299
  • May 24, 2010 7:41am May 24, 2010 7:41am
Quoting gico
thanks Indrek
do u have the last Andrew signal indi. ?
I got v1 and doesn't work with IBFX 4 digits
No, I do not. I find it unnecessary.
But I remember that v2 was also posted some time ago.
  • #300
  • May 24, 2010 7:52am May 24, 2010 7:52am
Quoting Indrek
No, I do not. I find it unnecessary.
But I remember that v2 was also posted some time ago.
thanks anyway , hope the threat stays active .

I don't follow USD/CHF but it could be nice if people post the trades they make .
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