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  • #321
  • Jul 2, 2010 7:24am Jul 2, 2010 7:24am
Quoting Fokusnik
Any trending system has the same problem with the ranging and flat market.

Even during the ranging/flat market if we follow the rules and exit at the right time (using semafor and Heiken Ashi) we still can make 20-30 pips here and there.

And if we make 200 pips when the market trends and the next day, when the market is flat, we make only 20-30 pips - I think it's OK, I can live with it!
I think I can live with that too! It's exciting, isn't it!
You guys are great.
  • #322
  • Jul 2, 2010 7:41am Jul 2, 2010 7:41am
Quoting Indrek
EDIT:
I suggest 20, 80, 320, 1280.
The logics is 1*20, 4*20, 4*80, 4*320.
I got even better idea: 5, 20, 80, 320.
In this case, we have two higher timeframes, plus one lower!
  • #323
  • Jul 2, 2010 7:42am Jul 2, 2010 7:42am
sanyhuis, good for you!

And about 20-30 pips here and there:

For example, I DIDN'T enter EURUSD at 9:30 (at my chart I showed it as "BAD ENTRY"). It was the third candle, but the H-1 bar and M-15 bar on M-15 were different colors, so I didn't enter.

However, I decided to enter at 13:00, because at this time they were the same color. So I entered at 13:10, 1.2516

I decided to exit when I saw the semafor alert, at 1.2549.

So, I made 33 pips.

But EURUSD is still growing, I could make 80 pips (I should've check H-1 Heiken Ashi). But that's OK, I'm not complaining!
Attached Image (click to enlarge)
Click to Enlarge Name: m-15 eurusd.gif Size: 164 KB
  • #324
  • Jul 2, 2010 8:04am Jul 2, 2010 8:04am
Quoting Fokusnik
sanyhuis, good for you!

And about 20-30 pips here and there:

For example, I DIDN'T enter EURUSD at 9:30 (at my chart I showed it as "BAD ENTRY"). It was the third candle, but the H-1 bar and M-15 bar on M-15 were different colors, so I didn't enter.

However, I decided to enter at 13:00, because at this time they were the same color. So I entered at 13:10, 1.2516

I decided to exit when I saw the semafor alert, at 1.2549.

So, I made 33 pips.

But EURUSD is still growing, I could make 80 pips (I should've check H-1 Heiken Ashi). But that's...
Yes... I can tell that you are good with this system.
As for me... It seems I just cant get the hang of it at the moment.

Can you tell me how many pips for SL you usualy use to trade in M15?

I dont manually trade anything else besides EU M5, I use 12 SL (sometimes 15), and I rarely got hit. But on M15 I think 12 is a bit too tight.
  • #325
  • Jul 2, 2010 8:18am Jul 2, 2010 8:18am
Quoting NiceGuy
Yes... I can tell that you are good with this system.
As for me... It seems I just cant get the hang of it at the moment.

Can you tell me how many pips for SL you usualy use to trade in M15?

I dont manually trade anything else besides EU M5, I use 12 SL (sometimes 15), and I rarely got hit. But on M15 I think 12 is a bit too tight.
NiceGuy, I use a very big SL, 50 pips. You see, I enter M-15, but if the semafor shows the alert on M-15 and on H-1 at the same time, then I go from M-15 to H-1, and H-1 demands much bigger SL. But if the currency turns against me and I can see it clearly (NonLagMA changes color), I exit manually with a small loss before SL got hit. So far with this system my big SL never got hit (but of course I trade this system a very short time)

And on the other hand, 50 pips is not such a big deal because when I go from M-15 to H-1, I usually get a lot of pips, 60-80-100 and more. I showed in this thread an example (110 pips NZDUSD), and when the market is trending, 100+ pips profit is not a big deal.
  • #326
  • Jul 2, 2010 8:35am Jul 2, 2010 8:35am
With this system the stop loss is very small.
Here is another huge winner for today.
Attached Image (click to enlarge)
Click to Enlarge Name: pmforex_2.gif Size: 25 KB
  • #327
  • Jul 2, 2010 8:59am Jul 2, 2010 8:59am
Quoting maxwell-eqtn
With this system the stop loss is very small.
Here is another huge winner for today.
HE'S DONE IT AGAIN! HE'S DONE IT AGAIN!

Is this system great or what?

P.S. Yesterday I said that GBPJPY and EURJPY were too risky, but on the second thought I think I'll try EURJPY. I still think that GBPJPY is too volatile, but I keep watching EURJPY and I think this system can handle EURJPY.
  • #328
  • Jul 2, 2010 9:01am Jul 2, 2010 9:01am
Quoting Fokusnik
sanyhuis, good for you!

And about 20-30 pips here and there:

For example, I DIDN'T enter EURUSD at 9:30 (at my chart I showed it as "BAD ENTRY"). It was the third candle, but the H-1 bar and M-15 bar on M-15 were different colors, so I didn't enter.

However, I decided to enter at 13:00, because at this time they were the same color. So I entered at 13:10, 1.2516

I decided to exit when I saw the semafor alert, at 1.2549.

So, I made 33 pips.

But EURUSD is still growing, I could make 80 pips (I should've check H-1 Heiken Ashi). But that's...
I appreciate it when you do this very much. What a help it is. NG's right. You are good. I adjusted the amount of indi's I have on chart. I like the minimum to do the proper job and if the minimum is too much then it's not the one for me. It's the only way for me to see what price is doing.
Game time. Netherlands/ Brazil. Sounds good!
Thanks guys for all.
Later,s
  • #329
  • Jul 2, 2010 9:02am Jul 2, 2010 9:02am
Quoting Fokusnik
HE'S DONE IT AGAIN! HE'S DONE IT AGAIN!

Is this system great or what?

P.S. Yesterday I said that GBPJPY and EURJPY were too risky, but on the second thought I think I'll try EURJPY. I still think that GBPJPY is too volatile, but I keep watching EURJPY and I think this system can handle EURJPY.
I'm so glad because I have narrowed down to EU, P/U, and E/J.
Congratulations!
s
  • #330
  • Jul 2, 2010 9:14am Jul 2, 2010 9:14am
Quoting sanyhuis
I'm so glad because I have narrowed down to EU, P/U, and E/J.
Congratulations!
s
Good decision! Yes, today is a very good and productive day!

P.S. And if Brazil wins - it will be a perfect day!
  • #331
  • Jul 2, 2010 9:17am Jul 2, 2010 9:17am
Quoting Fokusnik
HE'S DONE IT AGAIN! HE'S DONE IT AGAIN!

Is this system great or what?

P.S. Yesterday I said that GBPJPY and EURJPY were too risky, but on the second thought I think I'll try EURJPY. I still think that GBPJPY is too volatile, but I keep watching EURJPY and I think this system can handle EURJPY.

I think the system has very tight stops and huge wins.
This trade did not get to 100pips, but close........, not bad for a days trade !!
Attached Image (click to enlarge)
Click to Enlarge Name: pmforex_3.gif Size: 26 KB
  • #332
  • Jul 2, 2010 9:22am Jul 2, 2010 9:22am
Quoting Fokusnik
NiceGuy, I use a very big SL, 50 pips. .....
I can see that this is my problem. And this is where I envy you guys. I never feel comfortable putting 50 Pips as SL. My bankroll allowed me to do so. But somehow I always arguing myself in my head, "why should I risk more?" I usualy trade high contract for short term. I go below 0.5 lots if going for longer ones. In fact I become nervous when my trades is going more than 1 hour. That's when I usualy go to sleep.

With this kind of trade, Alf is the way to go, but I ended up not exactly using it either lately. I use only basic RSI and Daily pivots for trading. Drawing lines here and there. You know that boring stuff.

This system is a whole new story to me. And I want to learn to trade longer and enjoy it while watching movie or do something fun like you guys.

Btw, I wonder if someone can write an EA that trigger a pips timer (once the semaphore signal kick in) to close the order. It's also not wise to sacrifice your bedtime too often, you know.... Mind your health.


Many Thanks
  • #333
  • Jul 2, 2010 9:30am Jul 2, 2010 9:30am
Quoting NiceGuy
I can see that this is my problem. And this is where I envy you guys. I never feel comfortable putting 50 Pips as SL. My bankroll allowed me to do so. But somehow I always arguing myself in my head, "why should I risk more?" I usualy trade high contract for short term. I go below 0.5 lots if going for longer ones. In fact I become nervous when my trades is going more than 1 hour. That's when I usualy go to sleep.

With this kind of trade, Alf is the way to go, but I ended up not exactly using it either lately. I use only basic RSI and Daily...
If you have time this weekend I recommend that you do some back testing on the stats. Take all buy and sell trades and tally up your pips to see. From my experience I notice that the stops are very tight...., not 50 pips. When you buy for example when all four bars are green see that you exit when any of the four bars changes color. Let us do the stats for this and see. I like putting an emergency stop of 12 to 15 pips.
  • #334
  • Edited 9:47am Jul 2, 2010 9:35am | Edited 9:47am
Quoting gspe
Hi,
if someone is interested in this version of 4BARS you can choose your favourite period of NonLagMA to display

gspe
The indicator is repainting. I would never imagined that until I saw it with my own eyes. It repainted repeatedly three previous bars before current...
Something wrong with the code, I guess. Unfortunately, I am not a coder, so cannot put the diagnosis.

P.S. Can someone with coding abilities take a look at it? It is, in principle, much better than the usual one with preset timeframes. Just the repainting should be eliminated.
Attached File(s)
File Type: mq4 4BARS-MP-NLMA 1.00.mq4   13 KB | 326 downloads
  • #335
  • Jul 2, 2010 9:41am Jul 2, 2010 9:41am
Here is an example of a loosing trade. Losed 15pips, stop loss got hit.
However the wins out number the loss
Attached Image (click to enlarge)
Click to Enlarge Name: pmforex_4.gif Size: 26 KB
  • #336
  • Jul 2, 2010 9:43am Jul 2, 2010 9:43am
Quoting Indrek
The indicator is repainting. I would never imagined that until I saw it with my own eyes. It repainted repeatedly previous bar before current...
Something wrong with the code, I guess. Unfortunately, I am not a coder, so cannot put the diagnosis.

EDIT:
If "MTF_Hi_to_Lo" is set to "false" then it possibly does not repaint. In fact, I have not figured out what that setting goes for anyway...


Sorry, I am not quite sure, but I will check on this to make sure. !!!
  • #337
  • Jul 2, 2010 9:46am Jul 2, 2010 9:46am
Excuseme, Syahmi or Fokusnik: Which are exactly the indicators and the configuration that You use?

Thanks,

Ducke
  • #338
  • Jul 2, 2010 9:55am Jul 2, 2010 9:55am
Quoting Fokusnik
Good decision! Yes, today is a very good and productive day!

P.S. And if Brazil wins - it will be a perfect day!
You're on your way to that perfect day! Unless things change this next half.
s
  • #339
  • Jul 2, 2010 10:40am Jul 2, 2010 10:40am
Quoting Indrek
It is not finished yet!!!
The game has changed. It's looking good.
  • #340
  • Jul 2, 2010 10:53am Jul 2, 2010 10:53am
Quoting sanyhuis
The game has changed. It's looking good.
Fok will have to wait another day for perfection.
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