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PM Forex Strategy

  • #561
  • Aug 5, 2010 10:51am Aug 5, 2010 10:51am
Quoting losingtrades
NG...thanks again.

A few questions if you don't mind...

1. The MA THV Coral...is this different than the original nonlag MA from IAMNOEL? If so, can you post it?

2. Which t/f do you use mostly to plan your trade setups?


thanks buddy
Hi there!

1. Yes... The NonLagMa is still there in my chart as entry and exit pls check again, THV coral is just a special MA we use as trade filter.

I am not sure I can re-distribute the THV Coral, but you can find it and download easily and directly as part of THV trading system. Please look the Trading System Folder here in FF.

2. M15 is the least. Dot go below 15. Instead, go with Higher TimeFrame like H1 or H4 or more, you will see that this startegy gets evenmore powerful. But you will trade less and have to maintain bigger SL.

Just look for an arrow signal pointing at a relatively small candle for entry in any timeframe bigger than the 15.

NG
  • #562
  • Aug 5, 2010 11:23am Aug 5, 2010 11:23am
Quoting tommbstone
The orginal system became a mess of indicators and a cpu hog. LOL
so much for simple
Many Indicator that I put there is only for explaining reason. I trade with less..

Anyway, it's really does not matter if we use 100 indicator or a blindchart to do the trade. Just use (or not use) whatever indicator or system that give you the best chance to win the next trade. It's just a personal preference.

Winning is all that matters.
  • #563
  • Edited 11:26pm Aug 5, 2010 11:09pm | Edited 11:26pm
Stay ridiculous! And be consistent....!

Do you know that if you continuously risk less than 15 pips and aim for 100 pips, in 10 trades you can make 80 pips by winning only 2 times?

You only need to be 20% right to make money.

Some of you might think this is impossible... and a ridiculous...You might be right.... but please check out this one....


GBPJPY M15

Attached Image (click to enlarge)
Click to Enlarge Name: PM_12.jpg Size: 99 KB


Well... well... well.. The good news is... with this strategy this ridiculous thing is happening almost everyday if you watch the chart closely....

You will have your loses.... but when the party start... make sure you party hard!!!
  • #564
  • Aug 6, 2010 9:02am Aug 6, 2010 9:02am
Quoting NiceGuy
Stay ridiculous! And be consistent....!

Do you know that if you continuously risk less than 15 pips and aim for 100 pips, in 10 trades you can make 80 pips by winning only 2 times?

You only need to be 20% right to make money.

Some of you might think this is impossible... and a ridiculous...You might be right.... but please check out this one....


GBPJPY M15

Attachment

Well... well... well.. The good news is... with this strategy this ridiculous thing is happening almost everyday if you watch the chart closely....

You...


Hello Nice Guy,

I agree with you. All you need is a profit of 10 pip a day to make good money. Many are complaining that the non-lag bars repaint, but it is not a problem. One could enter a trade without the non-lag bars, just like you are doing and they will be a winner. I prefer entering a trade only in the direction of the trend shown by the two lines (nonlag and coral). I
  • #565
  • Aug 6, 2010 9:38am Aug 6, 2010 9:38am
Quoting NiceGuy
Stay ridiculous! And be consistent....!

Do you know that if you continuously risk less than 15 pips and aim for 100 pips, in 10 trades you can make 80 pips by winning only 2 times?

You only need to be 20% right to make money.

...

You will have your loses.... but when the party start... make sure you party hard!!!
Hi NiceGuy, can I have that small arrow indicator? Thanks much.

Chrisyeap
  • #566
  • Aug 6, 2010 9:46am Aug 6, 2010 9:46am
Quoting chrisyeap
Hi NiceGuy, can I have that small arrow indicator? Thanks much.

Chrisyeap
That arrow is coming from the MTF NonlagMA indicator.....
If I am not mistaken I think I downloaded it from somewhere in page one of this thread.... the first post is your best bet....
  • #567
  • Aug 6, 2010 10:19am Aug 6, 2010 10:19am
Quoting maxwell-eqtn
Hello Nice Guy,

I agree with you. All you need is a profit of 10 pip a day to make good money. Many are complaining that the non-lag bars repaint, but it is not a problem. One could enter a trade without the non-lag bars, just like you are doing and they will be a winner. I prefer entering a trade only in the direction of the trend shown by the two lines (nonlag and coral). I
I am glad that somebody is finally get the idea...

Just plan your trade wisely. Plan your financial goal and how to achieve it with your MM. Many ways to play with this strategy. You can aim for a big bang by riding the trend to the last pip or just a regular 10-20 pips a day.

It's really up to you.
  • #568
  • Aug 9, 2010 12:50am Aug 9, 2010 12:50am
Quoting EllisEdi
I just read your post below and made the v2 EA so that you can test the new strategy ...

Changes include
***** Entry when both NonLagMa's are in the same direction and FastNonLagMa crosses SlowNonLagMa (closed Candles).
***** Removal of programatic closing of trade. The defaults set a StopLoss and a Take Profit to take you out of a trade. You can also manually close trades.

Otherwise same basic features as before ...

//---------------------------
//-----Notes----------------
//---------------------------
Anyone still using this ea?

thx
  • #569
  • Aug 9, 2010 2:20pm Aug 9, 2010 2:20pm
What rubbish indicator is this?

I tried creating an EA using it but it opens an order on every bar.

I use the following logic to declare the indicator and for open order logic:

double nonlagmagreen1 = iCustom(NULL, 0, "NonLagMA", 0, 21, 0, 0.0, 1, 1, 0.0, 0, 1, 1);
double nonlagmagreen2 = iCustom(NULL, 0, "NonLagMA", 0, 21, 0, 0.0, 1, 1, 0.0, 0, 1, 2);

double nonlagmared1 = iCustom(NULL, 0, "NonLagMA", 0, 21, 0, 0.0, 1, 1, 0.0, 0, 2, 2);
double nonlagmared2 = iCustom(NULL, 0, "NonLagMA", 0, 21, 0, 0.0, 1, 1, 0.0, 0, 2, 2);

if (InTrade == false && nonlagmagreen1 != 0 && nonlagmagreen2 != 0)
{
Order = SIGNAL_BUY;
InTrade = true;
buyFlag = true;
}

if (InTrade == false && nonlagmared1 != 0 && nonlagmared2 != 0)
{
Order = SIGNAL_SELL;
InTrade = true;
sellFlag = true;
}


You can backtest the EA to see what I mean.
Attached File(s)
File Type: mq4 MAExpertAdvisor.mq4   12 KB | 411 downloads
File Type: ex4 MAExpertAdvisor.ex4   10 KB | 300 downloads
  • #570
  • Aug 10, 2010 1:17am Aug 10, 2010 1:17am
Quoting mindreality
What rubbish indicator is this?

I tried creating an EA using it but it opens an order on every bar.

I use the following logic to declare the indicator and for open order logic:

double nonlagmagreen1 = iCustom(NULL, 0, "NonLagMA", 0, 21, 0, 0.0, 1, 1, 0.0, 0, 1, 1);
double nonlagmagreen2 = iCustom(NULL, 0, "NonLagMA", 0, 21, 0, 0.0, 1, 1, 0.0, 0, 1, 2);

double nonlagmared1 = iCustom(NULL, 0, "NonLagMA", 0, 21, 0, 0.0, 1, 1, 0.0, 0, 2, 2);
double nonlagmared2 = iCustom(NULL, 0, "NonLagMA", 0, 21, 0, 0.0, 1, 1, 0.0, 0, 2, 2);

if (InTrade...
hhah he said rubish.. I love it.
ah well it was a good try bro
  • #571
  • Edited 6:16am Aug 10, 2010 5:32am | Edited 6:16am
There are 3 perfect entry happened from last night. There are also about three false signal repainted (the last one is not).

If you risking 10-15 to get 25-50 pips, and you keep entering when those signal happened you'll be up for 45-105 pips with GBPUSD ONLY from last night.

GBPUSD M15
Attached Image (click to enlarge)
Click to Enlarge Name: PM_13.jpg Size: 137 KB


The same setup is also happened with GJ and EU.

Yes, we all know that the MTF will repaint, but if we figure out how to trade this repainting indicator I believe it's still produce a powerfull signal and has its own potential to make many green pips.

It's purely statistic game between winning and losing

Anyway, what is not repaint in this life?
Lets say this... When you buy a Plane ticket, the ticket will tell you when you should arrive in the airport to take the flight. At this point, we actually see a SIGNAL that the plane will take flight at the written time on the ticket.

But, please tell me how many times in our travelling life we experience a delayed flight?... Bad Weather, Broken Engine, Plane Hijack, Bomb in Airport, Wrong Schedule, Waiting for an important people to arrive, late arrival,..... so many probability and so much thing still open to happen.

You just there at the airport on time because you believe the statistic that your flight will not be delayed based on your experience. But guess what? The delayed flight is happening all the time. The plane ticket repaints many many times but we keep buying it anyway and keep trying to be there at the airport on time.....

Why?......Because we believe the statistic.

So keep it simple.
  • #572
  • Aug 10, 2010 2:20pm Aug 10, 2010 2:20pm
Quoting NiceGuy
There are 3 perfect entry happened from last night. There are also about three false signal repainted (the last one is not).

If you risking 10-15 to get 25-50 pips, and you keep entering when those signal happened you'll be up for 45-105 pips with GBPUSD ONLY from last night.

GBPUSD M15
Attachment

The same setup is also happened with GJ and EU.

Yes, we all know that the MTF will repaint, but if we figure out how to trade this repainting indicator I believe it's still produce a powerfull signal and has its own potential to make...
Hi Niceguy
Would you mind posting the rule again here with a chart please.. i think the PM strategy is diffrement from your last chart. I could be wrong but if u can post a simple chart and point out in chart explaining the rule would be awsome
thanks
  • #573
  • Edited 4:12am Aug 11, 2010 12:05am | Edited 4:12am
Quoting hoichoi
Hi Niceguy
Would you mind posting the rule again here with a chart please.. i think the PM strategy is diffrement from your last chart. I could be wrong but if u can post a simple chart and point out in chart explaining the rule would be awsome
thanks
The Only Rule for this Strategy is the one from first post. I never mess with the rule. I only suggesting to enter whenever you see an Arrow Signal with a relatively Small candle near THV Coral. This is for filtering bad trades only...

As for RR and MM please feel free to find the one suitable for you and your account size. Many good combination of RR can be played to make a good MM.


NG
  • #574
  • Edited 8:35am Aug 11, 2010 7:40am | Edited 8:35am
I have faith with this strategy, today I went live with this...
I decided to use fixed SL 20 pips (or less) and 40 Pips TP.

I fire and forget. I messed up with EU today, I see the price go against me in a sudden movement and pass the NLM. I jumped in and closed the trade with + 3 pips, but after checking back a couple hour later, I regret that decision. It should've hit TP If I didn't jumped in. Oh well...

Btw.. Got 50 green pips for today. That's should be enough for a day.

To any of you guys who demoing this system, I really suggesting you guys to only take signal during EU, London and NY. I have positive result with signal that come up during this time and have bad result with signal from Tokyo and Sidney.

Here's my biggest winner for today:

Attached Image (click to enlarge)
Click to Enlarge Name: PM_14.jpg Size: 233 KB
  • #575
  • Aug 11, 2010 9:57am Aug 11, 2010 9:57am
Quoting NiceGuy
I have faith with this strategy, today I went live with this...
I decided to use fixed SL 20 pips (or less) and 40 Pips TP.

........ad result with signal from Tokyo and Sidney.

Here's my biggest winner for today:

Great Job NiceGuy, you trade with m15 timeframe and with THV standard coral setting?
  • #576
  • Edited 10:32am Aug 11, 2010 10:07am | Edited 10:32am
hi trader,
thanks for the stg.

have some problems with the indicator but i manage to solve it .

got to copy all the files into the folder.

and what is the different between 4bars_mp_nlma and 4bars_mtf_nlma ??
what different with their setting ?
  • #577
  • Edited 4:19pm Aug 11, 2010 4:05pm | Edited 4:19pm
Quoting chrisyeap
Great Job NiceGuy, you trade with m15 timeframe and with THV standard coral setting?
Yes... I am bad with setting up an indicator so I leave 'em as it is. It turns out the THV Coral doing great as Support and resistance for NLMA, yhat's why I use it.

Like with other system, I believe there will be a good times and bad times with this system in the future. With my current R:R, I will make money just by being 40% right.
In the end, it's all about statistic.

If you can afford to maintain higher SL, and want to trade less, higher TF would be your choice. This strategy gets even more powerful there....

Btw.... whenever you see the coral going flat... Pls stay away. Market is Ranging.
  • #578
  • Edited 9:14am Aug 12, 2010 6:16am | Edited 9:14am
I dont have anything else to do..
So I keep updating this thread so anyone can review

I've learned something valuable today.
If I did not see the signal on time, I should've stay away...

Total for today..
- GBPUSD +40 Pips
- EU - 20 pips

Total = +20 pips...

GU M15
Attached Image (click to enlarge)
Click to Enlarge Name: PM_15.jpg Size: 92 KB


...next, I will take UJ long signal near NY today...if i see one after the news.....

Update:
Did anyone take it? I am away from my Computer at that time...
If one of you guys took it... You must be up 30 pips by now....
  • #579
  • Aug 12, 2010 9:59am Aug 12, 2010 9:59am
next would be... eu and gu short signal... if I see one in next couple of M15 bars... EJ and GJ might pulling back before continue or fall strongly. Looks like only short for me or go to sleep.....

Update:
Just took GU Short, just dropped 10 pips in my favor... Let see how it goes in the morning...

Will update tomorrow if I dont have anything else to do...
  • #580
  • Aug 12, 2010 2:23pm Aug 12, 2010 2:23pm
Hi caught a few pips live today with this strategy too but would like to ask is there an optimal trading time frame for this ?
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