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Mr. Blobby V3 (60m mechanical trading)

  • #21
  • Oct 13, 2010 3:45am Oct 13, 2010 3:45am
[quote=Roofx;4087980]For those familiar with my thread 'Mr. Blobby V2' I have started trading a similar system on longer term charts.



The last trade on EURUSD made close to 1000 pips

First of all, nice little system you have there Roofx. Second i don't think you made 1000 pips from your last trade The last decimal point is not a pip, it is more like a pipet 1/10 of a pip, you actually gained 100 pips not 1000!!! But still a nice trade
Even If It Is A Minority Of One, The Truth Is Still The Truth!!!
  • #22
  • Oct 13, 2010 4:07am Oct 13, 2010 4:07am
Quoting 4xplosion
Is there an alert for the blobby indicator?Attachment

Also...on this Sell Trade...would this be a good place to Re-enter if pa bounces off the 200 and RSI follows direction?
The indicator has an alert but it isn't that useful on the 60m time frame as it will alert at the beginning of the candle, not the close.

You could re-enter there yes but for me it's too late after the signal and price is above the Daily Pivot so I wouldn't be confident enough to take it.
  • #23
  • Edited 4:53am Oct 13, 2010 4:11am | Edited 4:53am
Morning guys. I now have 5 positions open. I have abandoned my rule of having a max of 3 trades at once. Here's how things are looking this morning.
Attached Image (click to enlarge)
Click to Enlarge Name: current positions.jpg Size: 56 KB
  • #24
  • Oct 13, 2010 4:13am Oct 13, 2010 4:13am
Quoting flyer415
Just to make sure that I understand this. Yes I did read the other thread today as well.

This is really a Bollinger Band set to 75 with 1 Deviation. We use the 200 SMA to filter trades and use it on H1.

I state this because I like its simplicity. I looked at it in backtesting today on H1 while using a 50 pip SL and the results seemed very good. No quantitative data as it was a quick backpass on 8 pairs for all of 2010.

i used 21 EMA as a re-entry. I deleted all the SL code in the indicator as someone said that the indicator was a resource...
Good job with the clean up! Can it be set to go further back now?
  • #25
  • Oct 13, 2010 4:22am Oct 13, 2010 4:22am
[quote=Aussie_Pride;4092709]
Quoting Roofx
For those familiar with my thread 'Mr. Blobby V2' I have started trading a similar system on longer term charts.



The last trade on EURUSD made close to 1000 pips

First of all, nice little system you have there Roofx. Second i don't think you made 1000 pips from your last trade The last decimal point is not a pip, it is more like a pipet 1/10 of a pip, you actually gained 100 pips not 1000!!! But still a nice trade
Thanks for the comment but your maths may need some practice.

The entry was 1.2760 and the exit was 1.3893. The profit was 1133 pips. See screen shot below for the trade I'm taking about:
Attached Image (click to enlarge)
Click to Enlarge Name: entry exit.gif Size: 53 KB
  • #26
  • Oct 13, 2010 4:45am Oct 13, 2010 4:45am
nice Mr blobby Iv been an avid 5M and 15M trader for a long time but because of the stress Im looking for a good system to trade longer TFs and this systems really looks good. I,ll be monitoring it. Thanks for sharing
Add value everyday in Pips
  • #27
  • Oct 13, 2010 4:59am Oct 13, 2010 4:59am
Quoting Pip-Stud
nice Mr blobby Iv been an avid 5M and 15M trader for a long time but because of the stress Im looking for a good system to trade longer TFs and this systems really looks good. I,ll be monitoring it. Thanks for sharing
I understand about the stress. I came from trading 1m charts and find myself too stressed with all the noise at those low time frames. I would scalp for 12 hours straight some days. Now focusing on this 60m plan I find myself with a lot of free time to do other things.

Is anyone else in any of the trade I posted earlier? It would be good to see how you guys are finding the system.
  • #28
  • Oct 13, 2010 10:13am Oct 13, 2010 10:13am
I'm going to finish up for the day and go out with a friend. Here's how my trades are looking at this point:

See you later!
Attached Image (click to enlarge)
Click to Enlarge Name: current positions.jpg Size: 128 KB
  • #29
  • Oct 13, 2010 10:27am Oct 13, 2010 10:27am
Looks like an interesting system, I tried it out last night on a demo account and made 100 pips overnight.

Are there any favourite times of the day/night for entering trades, or any that you have found best to avoid?

Thanks

GG
Now trading live
  • #30
  • Oct 13, 2010 11:51am Oct 13, 2010 11:51am
Roofx,

I thought you only use setting of 75 on 1min TF and 8 for 1hour? This is from the Blobby V2 thread...

Quoting Roofx
I use 75 for the lower time frames.
http://www.forexfactory.com/showpost...7&postcount=94
  • #31
  • Oct 13, 2010 12:03pm Oct 13, 2010 12:03pm
Quoting Roofx
Good job with the clean up! Can it be set to go further back now?

I am currently testing on M5 for alert issues etc. The indicator goes back 5000 bars which is how many i have downloaded. I have tested with several numbers up to 5000. I can only assume that it will go back further.
  • #32
  • Oct 13, 2010 5:12pm Oct 13, 2010 5:12pm
Quoting cspip
Roofx,

I thought you only use setting of 75 on 1min TF and 8 for 1hour? This is from the Blobby V2 thread...



http://www.forexfactory.com/showpost...7&postcount=94
I'm using the same settings on the 1hr time frames.
  • #33
  • Edited 5:17am Oct 14, 2010 5:04am | Edited 5:17am
Morning guys!

I was stopped out of my cable short during the night and the other 4 positions remain as below. I slept through the new long entry on cale which is currently up 80 pips
Attached Image (click to enlarge)
Click to Enlarge Name: current.jpg Size: 118 KB
  • #34
  • Oct 14, 2010 11:24am Oct 14, 2010 11:24am
Quoting Roofx
I'm using the same settings on the 1hr time frames.
Ok,..........just that i read through the thread and didnt see where you wrote that you know changed your mind about it....
  • #35
  • Oct 14, 2010 12:19pm Oct 14, 2010 12:19pm
Just want to make sure I'm set up right. For the 1 hr templet the length IS '75' correct? Your system looks VERY interesting and, like you, I have spent way too much time (and my life) monitoring 5m charts waiting for set-ups for a few pips. Thanx for sharing this!
  • #36
  • Oct 14, 2010 1:03pm Oct 14, 2010 1:03pm
Some may find using the colored MA's a little easier on the eyes to keep track of the MA's. I keep the 100 MA on thin, and the 200MA a little thicker with a different colored green.
Attached Image (click to enlarge)
Click to Enlarge Name: colored ma.jpg Size: 105 KB
Attached File(s)
File Type: ex4 MA in Color.ex4   3 KB | 416 downloads
  • #37
  • Oct 14, 2010 7:47pm Oct 14, 2010 7:47pm
Quoting Flamenco143
Just want to make sure I'm set up right. For the 1 hr templet the length IS '75' correct? Your system looks VERY interesting and, like you, I have spent way too much time (and my life) monitoring 5m charts waiting for set-ups for a few pips. Thanx for sharing this!
75 is correct yes.
  • #38
  • Oct 14, 2010 7:50pm Oct 14, 2010 7:50pm
Quoting Flamenco143
Some may find using the colored MA's a little easier on the eyes to keep track of the MA's. I keep the 100 MA on thin, and the 200MA a little thicker with a different colored green.
Thanks for posting this indicator! What are the settings to match the 200 SMA (apply to close)? I can't get it to match the 200SMA I have on there already.
  • #39
  • Oct 14, 2010 10:22pm Oct 14, 2010 10:22pm
Quoting Roofx
Thanks for posting this indicator! What are the settings to match the 200 SMA (apply to close)? I can't get it to match the 200SMA I have on there already.
Under 'Inputs' change the MA Period to 100 on one MA and 200 to the second one. MA 'Type' should be reset to '0'. That should be the SMA settings. It's a neat indicator which changes color with direction!
  • #40
  • Oct 15, 2010 7:02am Oct 15, 2010 7:02am
Quoting Flamenco143
Under 'Inputs' change the MA Period to 100 on one MA and 200 to the second one. MA 'Type' should be reset to '0'. That should be the SMA settings. It's a neat indicator which changes color with direction!
Thanks! I'm fussy with my chart setup and colours and this keeps everything neat and tidy
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