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Multiple Trading systems gbpusd only

  • #181
  • Aug 23, 2010 8:25pm Aug 23, 2010 8:25pm
Quoting zamanib
COOOL FAST 50 PIPS
nice trade. been asleep so missed it. 4.25am here in the uk.
  • #182
  • Edited 9:43pm Aug 23, 2010 9:30pm | Edited 9:43pm
heres my set up might be different to others as ib start from 10.30 GMT Sunday. others on the hr. i see 1 looser last 10 days.

http://screencast.com/t/ZTA4ZWE0MDQt

tried to upload. will not allow.
  • #183
  • Aug 24, 2010 1:03am Aug 24, 2010 1:03am
Quoting zamanib
I am still dont know why people dont see the potential of this system


i got the 3 band 50 ema now. i used alpari u.k. although my bands are slightly at a lower level than yours. say a difference of about 5 pips. would that be a problem ?


also, there seem to be a lot of false set ups. my question is how would you know if there are false set ups. for example from the chart i see the following trades which could have reversed and got stopped out:


17/08/10 time 13.00 - candle went below the lower band. so a sell signal. would enter sell. but price reversed and went up. the 50 pips SL would have been reached and trade stopped out. so loss - 50 pips.


19/08/10 time 20.00 - again candle went below lower band. so, sell signal. but again next candles went up and trade would have been stopped out at - 50 pips loss.


20/08/10 time 00.00 - same here again. candle went below lower band, but price reversed and went up. so again the 50 SL would have been reached.



18/08/10 time 19.00 - candle went above the upper band (i.e. price went above upper band) , so a buy signal. would enter buy. but price reversed and SL of 50 would have been reached in the next few candles. so a loss trade.


17/08/10 time 9.00 - candle went above upper band. so buy. but next candles reverse and price hits SL 50 and trade gets stopped out. so - 50 pips loss again.


23/08/10 time 11.00 and 14.00 - on both these trades, candles price went above upper band. so buy. but again price reverses and 50 SL is reached. so again both these trades are losses at - 50 and - 50 pips. total - 100 pips.


as you can see, quite a few losing trades. the above trades will total a loss of - 350 pips if using a 50 pips SL. and thats just in 7 days !


so my question is how do you identify and eradicate the false set ups ? any suggestions from anyone ?

also, zamanib, do you use a buffer, i.e. how many pips do you wait before entering a trade, once the upper a lower bands have been crossed ? or do you enter trade the moment the bands are crossed ?


regards
  • #184
  • Aug 24, 2010 1:09am Aug 24, 2010 1:09am
Quoting istvan
Todays results on my live account using all 3 systems:
4 hours of trading, 3 hrs during London - 1 hr during NY
5 trades all winners no losers !
London 17, 20, 20, 17, NY 37 pips total for Monday 111 pips
Suggestion: Before entry i look for agreement with stoch 8.3.3 angle up or down
I will trade 3 systems again tomorrow and report.
Looking very good.
can you briefly explain how you use the stochs ? also, are you not using the 50 pips TP as suggested by zamanib ? on what basis do you take less pips and come out early , what do you look for ?


regards
  • #185
  • Aug 24, 2010 1:16am Aug 24, 2010 1:16am
Quoting winsome
heres my set up might be different to others as ib start from 10.30 GMT Sunday. others on the hr. i see 1 looser last 10 days.

http://screencast.com/t/ZTA4ZWE0MDQt

tried to upload. will not allow.
you would have been stopped out on the 1st trade, 3rd, 7th, 8th, and the 9th.
  • #186
  • Aug 24, 2010 1:48am Aug 24, 2010 1:48am
see chart-- (whatfx) if you chart is different -- yes you will get false signal --
if they are the same as mine-- you will be ok-- I only see about 5 loss for the month -- but more profit than losses
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 50ema.gif Size: 19 KB
Click to Enlarge Name: 2lines.gif Size: 18 KB
Click to Enlarge Name: train.gif Size: 17 KB
Click to Enlarge Name: supertrend.gif Size: 14 KB
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #187
  • Aug 24, 2010 1:55am Aug 24, 2010 1:55am
Quoting whatfx
i got the 3 band 50 ema now. i used alpari u.k. although my bands are slightly at a lower level than yours. say a difference of about 5 pips. would that be a problem ?


also, there seem to be a lot of false set ups. my question is how would you know if there are false set ups. for example from the chart i see the following trades which could have reversed and got stopped out:


17/08/10 time 13.00 - candle went below the lower band. so a sell signal. would enter sell. but price reversed and went up. the 50 pips SL would have been reached and...
Please read all my post -- I did not say hard rule 50 sl -- What I said if the signal is false -- there will a average loss of 50 pips -- ( some time less than 50 pips and some time little more than 50 pips --like yesterday -61 pips loss on the buy -- but look at the sell -- 167 pips move and not over-
On the chart I am showing the total pips moves -- this is not where I exit --
and I will not tell you exactly where to exit -- (this will ruin the system) come up with your one tp -- (I and some other traders knows how to ext and when to exit -- and I mention it here in this thread also)
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #188
  • Aug 24, 2010 2:07am Aug 24, 2010 2:07am
Quoting whatfx
can you briefly explain how you use the stochs ? also, are you not using the 50 pips TP as suggested by zamanib ? on what basis do you take less pips and come out early , what do you look for ?


regards
Stoch 8.3.3 with an up angle ~30 or down angle ~60degree in the trend direction.
Starting up a new type of system one should not be to greedy at the beginning.
On average a swing is between 30 - 60 pip with these 3 new systems i like to start taking ~ 1/3 off the table.
If the systems will make good profits over time i will learn more and then will increase my TP.
  • #189
  • Aug 24, 2010 2:38am Aug 24, 2010 2:38am
Quoting zamanib
Please read all my post -- I did not say hard rule 50 sl -- What I said if the signal is false -- there will a average loss of 50 pips -- ( some time less than 50 pips and some time little more than 50 pips --like yesterday -61 pips loss on the buy -- but look at the sell -- 167 pips move and not over-
On the chart I am showing the total pips moves -- this is not where I exit --
and I will not tell you exactly where to exit -- (this will ruin the system) come up with your one tp -- (I and some other traders knows how to ext and when to exit --...

for the trading system to be profitable we need a successful SL / TP method. any suggestions from anyone ?

its all good just showing the number of pips movement on the charts, however it is another thing trading live. it is very important to know when to come out and when to ride the profitable moves. so, i think we need to brain storm this and come up with some ideas. exit ideas and how to ride long moves. also ideas for a successful SL / TP combination.


regards
  • #190
  • Aug 24, 2010 2:49am Aug 24, 2010 2:49am
Quoting whatfx
for the trading system to be profitable we need a successful sl / tp method. Any suggestions from anyone ?

Its all good just showing the number of pips movement on the charts, however it is another thing trading live. It is very important to know when to come out and when to ride the profitable moves. So, i think we need to brain storm this and come up with some ideas. Exit ideas and how to ride long moves. Also ideas for a successful sl / tp combination.


Regards
we dont have a problem with sl loss candle close on the opposite side exit take the loss-- again -- it is very profitable system--
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #191
  • Aug 24, 2010 2:53am Aug 24, 2010 2:53am
Please add these 3 time frame (3 charts on you screen) for supertrend -- 15min 4hr and dialy

if someone can code a it to show on 15min chart only will be nice (the three or four time frame 15min 1hr 4hr daily)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: supertrend15.gif Size: 13 KB
Click to Enlarge Name: supertrend4hr.gif Size: 15 KB
Click to Enlarge Name: supertrenddaily.gif Size: 16 KB
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #192
  • Aug 24, 2010 3:02am Aug 24, 2010 3:02am
when all 4 in agreement (meaning sell or buy) the stronger the signal--

trades are take from 15min but must follow the 4hr signal

1hr chart image
Attached Image (click to enlarge)
Click to Enlarge Name: supertrend1hr.gif Size: 16 KB
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #193
  • Aug 24, 2010 3:35am Aug 24, 2010 3:35am
Quoting zamanib
see chart-- (whatfx) if you chart is different -- yes you will get false signal --
if they are the same as mine-- you will be ok-- I only see about 5 loss for the month -- but more profit than losses
well, you agree there were 5 losses this month. that still amounts to about - 250 pips loss in total, if the 50 pips SL is followed.

you also say there is no problem with SL, you just exit when the candle reverses and reaches the oppsite band. that one move can still amount to about 100 pips ! so 100 pips loss.


i still dont understand your two other systems. the grid and line systems. can someone please provide a simple explanation of them ?

iam unable to download the indicator for the supertrend system still.
  • #194
  • Aug 24, 2010 3:45am Aug 24, 2010 3:45am
Quoting whatfx
well, you agree there were 5 losses this month. that still amounts to about - 250 pips loss in total, if the 50 pips SL is followed.

you also say there is no problem with SL, you just exit when the candle reverses and reaches the oppsite band. that one move can still amount to about 100 pips ! so 100 pips loss.


i still dont understand your two other systems. the grid and line systems. can someone please provide a simple explanation of them ?

iam unable to download the indicator for the supertrend system still.

dont kill it man -- all are profitable --- your problem seems to you cannot even set up your charts to see what you are taking about -- get your chart correct then speak--

here is clear entry sl tp let see if you get this right
Attached Image (click to enlarge)
Click to Enlarge Name: train1.gif Size: 20 KB
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #195
  • Aug 24, 2010 7:58am Aug 24, 2010 7:58am
50PIPS
Attached Image (click to enlarge)
Click to Enlarge Name: nytgrid.gif Size: 13 KB
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #196
  • Aug 24, 2010 8:00am Aug 24, 2010 8:00am
50PIPS
Attached Image (click to enlarge)
Click to Enlarge Name: train.gif Size: 18 KB
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #197
  • Aug 24, 2010 8:15am Aug 24, 2010 8:15am
Quoting zamanib
dont kill it man -- all are profitable --- your problem seems to you cannot even set up your charts to see what you are taking about -- get your chart correct then speak--

here is clear entry sl tp let see if you get this right
one small thing if you can answer pl!
if its adr reached then we shall not enter any trade
  • #198
  • Aug 24, 2010 8:30am Aug 24, 2010 8:30am
Keyboard--proble--will--answer--you--later
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #199
  • Aug 24, 2010 2:53pm Aug 24, 2010 2:53pm
Quoting istvan
Todays results on my live account using all 3 systems:
4 hours of trading, 3 hrs during London - 1 hr during NY
5 trades all winners no losers !
London 17, 20, 20, 17, NY 37 pips total for Monday 111 pips
Suggestion: Before entry i look for agreement with stoch 8.3.3 angle up or down
I will trade 3 systems again tomorrow and report.
Looking very good.
Slow day. No more than 4 trades. London 2 trades NY 2 trades. No losers.!
Profits 32, 20, 11, 30 in total for the day 93 pips.
Wednesday i go for more pip per trade.
  • #200
  • Aug 24, 2010 3:01pm Aug 24, 2010 3:01pm
nice results
Are you using the supertrend system too?
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