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Kinetic: 80-90% Not to Lose

  • #41
  • Aug 10, 2010 1:46pm Aug 10, 2010 1:46pm
Quoting Spanudiez
I have some questions about the entries

Is that short ok? The price doesn't retrace 1/3 of the previous bar body.
How about the long entry?

Thanks,
Diez
your long is for sure not according to rules since the MACD changed to blue more than 4 candles ago

as for your short the rules are not clear what is really the signal candle ... I think that big down candle was the signal and then the price did not retrace to 1/3 of the body of that candle in the next 2 candles so it wasn't a good entry

also it seems your entries were not during london session ...

but there was at least one good entry later after your long (short entry)
  • #42
  • Aug 11, 2010 1:24am Aug 11, 2010 1:24am
Quoting m78
your long is for sure not according to rules since the MACD changed to blue more than 4 candles ago

as for your short the rules are not clear what is really the signal candle ... I think that big down candle was the signal and then the price did not retrace to 1/3 of the body of that candle in the next 2 candles so it wasn't a good entry

also it seems your entries were not during london session ...

but there was at least one good entry later after your long (short entry)
Thanks for your answer. I was looking on another trading session just to better understand cross signals.

Please correct me if I'm wrong :

Cross entry : MA's crosses, ZL Color Macd changes color (or a bar breaks the upper/lower pattern). There must be a maximum of 4 bars since the MACD changed color. The entry is taken at 1/3 retrace of the signal bar

Continuation entry : Ma's trending, Macd must change colors for a max of 4 bars. Re-entry is when Macd changes colors again. The entry is still @ 1/3 retrace of the body of the signal bar?

Did I got this right?
Diez
  • #43
  • Aug 11, 2010 3:30am Aug 11, 2010 3:30am
Quoting Spanudiez
Thanks for your answer. I was looking on another trading session just to better understand cross signals.

Please correct me if I'm wrong :

Cross entry : MA's crosses, ZL Color Macd changes color (or a bar breaks the upper/lower pattern). There must be a maximum of 4 bars since the MACD changed color. The entry is taken at 1/3 retrace of the signal bar

Continuation entry : Ma's trending, Macd must change colors for a max of 4 bars. Re-entry is when Macd changes colors again. The entry is still @ 1/3 retrace of the body of the signal bar?

Did...
sounds about right (like the 1st post) plus don't forget

TP and SL:
1. TP 22 pips minimum or next SR (includes 2 pips spread)
2. SL 20 pips maximum or next SR (includes 2 pips spread)
*For simple programming just stick to 20 pips at the time being. Thanks.

Do I need Strict MM?
Yes. Set position to BE if price go against OR in favor by 10 pips, valid only after the entry candle is closed.
  • #44
  • Aug 11, 2010 5:34am Aug 11, 2010 5:34am
Quoting SwingMan
Please check the signals and entry values for the "smKinetic TrendMode" indicator. Perhaps you will find also an application for my new "PriceRetracement" indicator.
Hi SwinmgMan, just stumbled in and saw your indicators. Actually I'm testing a system with MTF-EMA-crossing and I must consider that your "smKinetic TrendMode" gives brilliant signals for reentries and I use it to augment the trading value. I tried to find out what "PriceRetracement" could be good for ... but I couldn't figure it out. I will watch this thread.

------------------------------------------------------

Hi baronfei,
I don't want to clutter your interesting thread with additional indicators of any kind. As I'm actually testing some EMA-crossings and your system uses them too, I attached an indicator that shows your two EMAs and displays arrows on the crossings. Maybe this is useful.

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-08-11 kinetic 1-1.gif Size: 31 KB
Attached File(s)
File Type: mq4 ma_2MACross_shift_SigAlert_price_mtf.mq4   10 KB | 824 downloads
File Type: ex4 ma_2MACross_shift_SigAlert_price_mtf.ex4   9 KB | 684 downloads
If there are pips you can collect - just do it!
  • #45
  • Aug 11, 2010 5:44am Aug 11, 2010 5:44am
Took my tp, was it by the rules?

http://img829.imageshack.us/img829/6979/shorthere.gif

Uploaded with ImageShack.us
  • #46
  • Aug 11, 2010 6:12am Aug 11, 2010 6:12am
Quoting studbiol
1. ... your "smKinetic TrendMode" gives brilliant signals for reentries and I use it to augment the trading value.
2. ... I attached an indicator that shows your two EMAs and displays arrows on the crossings.
1. Thanks! The indicator is actually nice... In the NanningBob thread I posted two other indicators who filter the Kinetic with AO,AC. For me are this signals better...
The only problem is on drawing the last bars, and I need time and live prices to fix the bug.

2. In your code I think you must change the last default values:
Inserted Code
extern string note_MA_Method0 =" 0 Close price. ";
extern string note_MA_Method1 =" 1 Open price. ";
...
extern int    price_type_FasterMA = 0;
extern int    price_type_SlowerMA = 0;
"price_type_SlowerMA = 0;" must be "price_type_SlowerMA = 1;"
  • #47
  • Aug 11, 2010 8:16am Aug 11, 2010 8:16am
Guys, thank for the interests just when I thought the thread is dead. LOL.
I have got connection problems since the start of the week so i took me awhile to really finish loading the thread without errors.

I'll try to respond as much as I could here.


@billbs: I got it wrong there. I starts GMT 0700 London open...

@Linoge: Its almost impossible to post a chart right before the signal because I'll have full attention to the entries which can be few secs to minutes before the price pullback, so its a limitation there... but if it helps I could post my trades for prev session though.

And yes, I do look at 1H normally to give me a feel of the direction. I honestly don't give a damn to the S/R for my entries because if you never try you'll never know and S/R are meant to be broken... but I do set my TP / SL on S/R if they don't wander too far off the 20 pips rule. (like 30 is ok for me depending on your appetite for loss)

@m78: Instead of the MACD's change, I'd look at the candlestick. I remember it didn't do too well in June (I actually thought that's because I posted it on FF, LOL) I'll try to sum up my trades when I have time to post it here for you guys.

@Swingman: That's awesome tools you've got there! I supposed the Trendmode indi works in the way that you get a full blue when both ZLMACD and EMA closes higher, and vice versa for reds. By the way, I have checked out on my charts it looks pretty solid. Too bad it doesnt into account signals that were generated by EMA cross a candle after the MACD. see attach:
Attached Image (click to enlarge)
Click to Enlarge Name: 123.jpg Size: 171 KB

Thanks for the kind work!

More response after my smoking break....
  • #48
  • Aug 11, 2010 8:40am Aug 11, 2010 8:40am
@Spanudiez: m78 was right. The Short was not within London session though you might get it right this time but from experience its more often not the case. The Long is what i would consider "expired" so I wouldn't take that as well. And you got the rules pretty quick dont you

@studbiol: yup, thanks! Honestly if you have done enough live trading with additional indies and feel that it could in anyway benefit the system, why not? We are all here to learn and earn imho...

@Spanudiez: on your entry query just now yes I did took the trade. That's a valid one to me although the price may be miss the 1/3 rule by 0.5 pip but in real life we cant expect price to be perfect all the time and sometimes even if it does reach 1/3 pullback it could be just a split second which you might not have a chance to enter. I took the trade also because the top of that swing was about 20 pips (+ spread) so I feel its an affordable trade.

Phew... took me a while... Thanks again all!
  • #49
  • Aug 11, 2010 8:46am Aug 11, 2010 8:46am
I do post my daily setups (non-kinetic) www.wanwaihui.com for E/U.
Although its in Chinese but the charts are simple and self-spoken with entries and some chartings. If you are free just drop by and give me some comments.

Note: Its free and just a personal diary blog with another forex trader and I don't have any commercial interests whatsoever because I'm a profitbale forex trader... lol
  • #50
  • Aug 11, 2010 8:49am Aug 11, 2010 8:49am
@Swingman: By the way, why do we get so many signals here? Thanks.
Attached Image
  • #51
  • Edited 9:27am Aug 11, 2010 9:22am | Edited 9:27am
Nice movement on EUM15 from signal bar. Sadly the price didn't retrace so I'm not in.

Thanks Swingman for the great indicator and thanks Baronfei for your answers.
I have another one for you. The last bar went down already around 25 pips.
http://img706.imageshack.us/img706/5694/euq1.gif

Uploaded with ImageShack.us

If it comes back during this same bar to the entry point should we enter short?

Thanks,
Diez
  • #52
  • Edited 2:32am Aug 12, 2010 1:48am | Edited 2:32am
http://img691.imageshack.us/img691/6580/short.gif

Uploaded with ImageShack.us

Let's see what happens,
Diez

Edit : SL hit

I'm not questioning the system or my decision making, I know that every system has some losers, just wondering if I did something wrong.
  • #53
  • Edited 2:01am Aug 12, 2010 1:59am | Edited 2:01am
Nice thread....good looking system with potential...was wondering if anyone has seen or tried this tool for building your strategy into an EA??? It's advertised as a Free Download...No...I am not affiliated!!

http://www.molanis.com/home
  • #54
  • Aug 12, 2010 2:24am Aug 12, 2010 2:24am
Price didn't retrace enough to open my buy limit, probably should've count the higher long shade of the signal bar as a retracement to?

http://img838.imageshack.us/img838/4525/long.gif

Uploaded with ImageShack.us

Still -20 pips for today
  • #55
  • Aug 12, 2010 3:44am Aug 12, 2010 3:44am
Short on EU, didn't had the chance to post, it dropped fast. 2 pips for the day.

http://img810.imageshack.us/img810/6580/short.gif

Uploaded with ImageShack.us

Cheers,
Diez
  • #56
  • Aug 14, 2010 4:41am Aug 14, 2010 4:41am
You guys really take a long time to answer. I don't care so I'm still posting. Imo friday was a really nice day for trading kinetic.

http://img6.imageshack.us/img6/5204/fridayq.gif

Uploaded with ImageShack.us

1. Nice fast short for 22 pips.
2. This would have taken the tp out, the problem is it move 15 pips in my direction so I moved my sl to be according to the rules. It's still nice to have free trades so I don't mind as long it's not a loss.
3 and 4. Another 2 nice fast shorts. For 4 the Macd looks like it's losing power but a singal is a signal.

I stopped here with my trades but look today for other possible trades to improve my future actions.

5 +22 pips, 6 breakeven (moved around 18 pips then closed on be).

7 is not according to the rules cause it's out of the trading time but it would have been another 22 pips.

So excluding the last trade we had

4 trades that hit the tp for a total of 88 pips
2 break even trades

First of all I want you guys to confirm that all my trades were according to the rules.
Second, would it be a big ugly hit to the money management if we moved the SL to 10 pips profit after it reached like 18-19 pips?

Hope to hear from you soon,
Diez
  • #57
  • Edited Aug 15, 2010 1:51am Aug 14, 2010 9:19am | Edited Aug 15, 2010 1:51am
Quoting Spanudiez
You guys really take a long time to answer. I don't care so I'm still posting. Imo friday was a really nice day for trading kinetic.

http://img6.imageshack.us/img6/5204/fridayq.gif

Uploaded with ImageShack.us

1. Nice fast short for 22 pips.
2. This would have taken the tp out, the problem is it move 15 pips in my direction so I moved my sl to be according to the rules. It's still nice to have free trades so I don't mind as long it's not...
patner i just wanna say well played.(rule or no rule well done).maybe i learn from u.i like to see charts illustrations

thanks baronfei for ur knowledge and sharing
  • #58
  • Aug 16, 2010 1:43am Aug 16, 2010 1:43am
Thanks but there's nothing to it. Just respecting the rules from page 1.

The market looks good and might build a steady limited time uptrend. According tot the rules trading time starts in 18 minutes.

Anyone following the market with kinetic today?

Diez
  • #59
  • Aug 16, 2010 2:57am Aug 16, 2010 2:57am
Quoting Spanudiez
You guys really take a long time to answer. I don't care so I'm still posting. Imo friday was a really nice day for trading kinetic.

http://img6.imageshack.us/img6/5204/fridayq.gif

Uploaded with ImageShack.us

1. Nice fast short for 22 pips.
2. This would have taken the tp out, the problem is it move 15 pips in my direction so I moved my sl to be according to the rules. It's still nice to have free trades so I don't mind as long it's not...
Diez,

Fantastic job there... I guessed you are doing better than the thread starter himself (passion wise) lol.

In response to your effort:

1. It didnt reach 1/3 retracement but I took it a bit late anyway.
2. It didn't reach 1/3 pullback too but this one I stayed out. (explanation below)
3 - 5 I took.
6 and 7 is out of my trading time so i didn't look at the market.

Explanation to the trading:

Though I have more than once emphasize on following the rules strictly, once you have (or thought you have) grasp the price action, you can actually "bend" some of the rules to your liking. As one expert used to say "there's no right or wrong way in trading". As long as you be more consistent in your approach. I never intend to tell our fellow traders to take the trades when it didnt reach 1/3 pullbacks because this would probably bring about confusion to begginers. Nevertheless, when you have experience with the system, feel free to modify the rules a little is fine.

I took 1 because it looks to me a narrow range breakout in the NOW. That was when how I felt when looking at the charts, and Im willing to risk a lil more for it.

I didn't take 2 because at that time it felt like the market could go bothways, as it isnt making lower low. 3 to 5 are "perfect" setups and they came off pretty clean as well.

6 & 7 are out of my trading hours so I didn't look at the market... sometimes you will get good entries but in my experience more than not though.

Finally, I would like to thank you, Diez, for your contribution and effort despite our slow replies
  • #60
  • Aug 16, 2010 3:01am Aug 16, 2010 3:01am
There have been a couple of fellow traders coming to me on the tight TP of 20 pips.

I have always tell them I am perfectly fine with 20 pips a day, but of course there are methods that one can apply to this strat to ride out a trend.

Before I put out mine, can you guys tell me what do you have in mind?
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