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Another simple system

  • #141
  • Jun 11, 2010 9:07am Jun 11, 2010 9:07am
good system, but one gets some false signals. using CCI as help on that.

if bull has increasing CCI value from one candle to the next, and the third candle shows bear, it appears to be a false signal (same for bear)...look for retracement.

I take the trades when for example, the CCI is bull, but the CCI value has been declining for several candles, and then switches to bear. after the first bear closes, good time for a trade.


thanks EStrader
  • #142
  • Jun 11, 2010 10:52am Jun 11, 2010 10:52am
Doesn't this chart look great. Since 6/9 system made 4
trades( 2 days)
3 positive and 1 loss

Total pips

+91
-31
+216
+89
Attached Image (click to enlarge)
Click to Enlarge Name: bullbear numbers.gif Size: 11 KB
  • #143
  • Jun 11, 2010 11:30am Jun 11, 2010 11:30am
Hi ES,
What criteria are you using for exits? Thanks.
  • #144
  • Jun 11, 2010 1:36pm Jun 11, 2010 1:36pm
Quoting losingtrades
good system, but one gets some false signals. using CCI as help on that.

if bull has increasing CCI value from one candle to the next, and the third candle shows bear, it appears to be a false signal (same for bear)...look for retracement.

I take the trades when for example, the CCI is bull, but the CCI value has been declining for several candles, and then switches to bear. after the first bear closes, good time for a trade.


thanks EStrader
Hi losingtrades, I do the same, I always check the CCI value, it helps to filter false signals.
  • #145
  • Edited 8:41pm Jun 11, 2010 8:22pm | Edited 8:41pm
Quoting ES Trader
Doesn't this chart look great. Since 6/9 system made 4
trades( 2 days)
3 positive and 1 loss

Total pips

+91
-31
+216
+89


Question pls:

Do you ENTER at the open of "b" or at the opening of the next candle?

http://img810.imageshack.us/img810/750/forexd1.jpg
  • #146
  • Jun 11, 2010 11:00pm Jun 11, 2010 11:00pm
Quoting iamnoel
Question pls:

Do you ENTER at the open of "b" or at the opening of the next candle?

http://img810.imageshack.us/img810/750/forexd1.jpg
Open of the bar immediately after the signal change
  • #147
  • Edited Jun 12, 2010 12:05am Jun 11, 2010 11:34pm | Edited Jun 12, 2010 12:05am
Thanks, you mean at the bar a, when it opens?


Doesn't it repaints as time progresses? So we wait for the current bar to close first, right?



Or do you mean at the open of bar b?



Sorry, still learning and a bit confused at the proper entry.
  • #148
  • Jun 11, 2010 11:46pm Jun 11, 2010 11:46pm
Hi ES and all you kind folks out there.

Thanks for sharing this system which seems to look simple enough. I just got to read on this system while trying to find a post which I saw some time back about trading by doubling the lot size on the next trade (up to 4x). And there are a lot of similarity between the 2 systems. Since its not a trading day today, I was not able to try out the system you have explained.

Will give it a try next monday.
  • #149
  • Jun 12, 2010 1:07am Jun 12, 2010 1:07am
i think you need this with your indi
if USD WEEK GBP STRONG go long
if USD STRONG GBP WEEK go short
Attached Image (click to enlarge)
Click to Enlarge Name: h1_bull_bear.gif Size: 36 KB
  • #150
  • Jun 12, 2010 6:20am Jun 12, 2010 6:20am
Quoting stardome
Hi ES and all you kind folks out there.

Thanks for sharing this system which seems to look simple enough. I just got to read on this system while trying to find a post which I saw some time back about trading by doubling the lot size on the next trade (up to 4x). And there are a lot of similarity between the 2 systems. Since its not a trading day today, I was not able to try out the system you have explained.

Will give it a try next monday.

Doubling up will be too scary. How about using the fibonacci series in opening the number of lots. That way you need to win 2 consecutive wins only and you win the "series"
  • #151
  • Jun 12, 2010 11:02am Jun 12, 2010 11:02am
ES thanks for sharing. I have a suggestion to make that I believe would help everyone out if someone would be nice enough to code it. Could someone take the bull bear helper indicator and turn it into an ARROW up on the graph pointing in the direction of the signal. Of course you would only put an arrow up on a CHANGE in direction which I believe would help everyone here out.

Thanks again
  • #152
  • Jun 12, 2010 12:57pm Jun 12, 2010 12:57pm
Quoting soce
ES thanks for sharing. I have a suggestion to make that I believe would help everyone out if someone would be nice enough to code it. Could someone take the bull bear helper indicator and turn it into an ARROW up on the graph pointing in the direction of the signal. Of course you would only put an arrow up on a CHANGE in direction which I believe would help everyone here out.

Thanks again
Great Idea
  • #153
  • Jun 12, 2010 3:13pm Jun 12, 2010 3:13pm
Can you please tell me what are these indictors use? to predict these values?

i want to know how the values are calculated?

thanks
  • #154
  • Jun 13, 2010 6:35am Jun 13, 2010 6:35am
Quoting tgalal
i think you need this with your indi
if USD WEEK GBP STRONG go long
if USD STRONG GBP WEEK go short
hello Tgalal
please send your indi for week / strong
it will help us
Thank you
  • #155
  • Jun 13, 2010 9:46pm Jun 13, 2010 9:46pm
Guys by adding the bulls and bears indicator in to your charts will not give you a signal, it is only a confirmation for an entry. You as a trader have to analyze the market by finding the support and resistance lines, once you have the lines and when prices is at those line then it is a signal. Now you can use the bulls and bears indicators for a confirmation of the entry. So for example the price retraced to a resistance line and this is a signal that the price might go down and make some nice moves to make a LL, wait for the bears to take control and then take a short. If you want to see a chart I can show you.
  • #156
  • Jun 13, 2010 10:41pm Jun 13, 2010 10:41pm
long GU 4603 on 23:00 CST Bull Bar ( Bull 48 bear30)
  • #157
  • Jun 14, 2010 2:40am Jun 14, 2010 2:40am
Quoting ES Trader
long GU 4603 on 23:00 CST Bull Bar ( Bull 48 bear30)
Turned out to be a good one! Even though I was late to jump-in. But can you explain what made you go for this trade? Bull had turned greater than Bear couple of bars ago and plenty of upside movement was already completed so why an open trade at this specific point?

Peace,
Omar
  • #158
  • Jun 14, 2010 10:23am Jun 14, 2010 10:23am
out at 4703.
Another + 100 pips
Now wait for a change Bull/bear status
  • #159
  • Jun 14, 2010 1:29pm Jun 14, 2010 1:29pm
Quoting ES Trader
out at 4703.
Another + 100 pips
Now wait for a change Bull/bear status

ES...thanks for a great simple system.

Are you using more than one time frame for confirmation b4 you place an order or do you only enter a trade when going in the same direction as long term weekly?


thanks
jacob
  • #160
  • Jun 14, 2010 6:13pm Jun 14, 2010 6:13pm
Quoting losingtrades
ES...thanks for a great simple system.

Are you using more than one time frame for confirmation b4 you place an order or do you only enter a trade when going in the same direction as long term weekly?


thanks
jacob
I usually just concentrate on 1 hr.

Of course If 4hr chart and daily chart is opposite of 1 hr signal I try to take smaller profit.
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