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Mr. Blobby V3 (60m mechanical trading)

  • #41
  • Oct 15, 2010 7:47am Oct 15, 2010 7:47am
Morning/Afternoon traders. Let's see how things are looking today.
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  • #42
  • Oct 17, 2010 11:46pm Oct 17, 2010 11:46pm
Anybody catch the great eur/jpy short setup today (sunday 10-18-10)??

I wasn't near my charts....but it's still sweet to see the potential of this system ...other setups that are forthcoming are the aud/usd, eur/usd,....

thanks roofx!
  • #43
  • Oct 18, 2010 3:04am Oct 18, 2010 3:04am
Hello every one,
heres an idea to increase your chances of winning combine mr blooby with the koala system (3,6,9 smas) or just add a 5 10 and a 21 ema to the screen and I found by doing this it greatly increase your pip balance!
Any way thank you roofx for a great system and I all so like your idea of 20 pips a day it can make you very rich with in a year with only a couple of thousand dollars to start with.

King Pippin
  • #44
  • Oct 18, 2010 9:31am Oct 18, 2010 9:31am
Good afternoon!

I have spent some time studying and I am looking at implementing a fixed TP to further increase the number of winning trades. I have seen trades go to 100+ pips only to retrace back to my stop. Since this is a slow time frame comapred to the 1m I am used to trading I don't like the idea of waiting for days only to get stopped out and then profiting from the bigger moves which don't happen very often. I have to study more but at first I will look at a 100 pip TP with a stop of -50. Also the spread and commission has to be factored in to this for each pair.

Suggestions are always welcome.
  • #45
  • Oct 18, 2010 12:20pm Oct 18, 2010 12:20pm
Roofx, I think it depends on the currency, but TP 100 seems a little too big.

I traded H-1 GBPUSD and GBPJPY using several different systems (including BBands 8,2), and I think for these two currencies SL 50 and TP 80 work just fine.
  • #46
  • Edited 3:01am Oct 19, 2010 2:24am | Edited 3:01am
Quoting Fokusnik
Roofx, I think it depends on the currency, but TP 100 seems a little too big.

I traded H-1 GBPUSD and GBPJPY using several different systems (including BBands 8,2), and I think for these two currencies SL 50 and TP 80 work just fine.
Hi Fokusnik and thanks for your contributions to this thread. Yes I think you might be right. 80 will get hit more often but it does reduce our RR to less than I like but maybe it will still work out on the long run. For the rest of the week I am going to try a -50 stop then once profit reached +75 I'll move the stop to +50, with a TP at +100. I'll see how that works out in forward testing and report my results here.
  • #47
  • Edited 1:25pm Oct 19, 2010 1:01pm | Edited 1:25pm
Quoting Roofx
For the rest of the week I am going to try a -50 stop then once profit reached +75 I'll move the stop to +50, with a TP at +100. I'll see how that works out in forward testing and report my results here.
Roofx, it sounds interesting, I'll be waiting for your results, thank you!

There is another way to deal with SL, Indrek explained it here:
http://www.forexfactory.com/showpost...&postcount=367

And after we calculate the stop loss, we can set TP twice as much as SL. So maybe it is worth your while to try this ATR method too.

P.S. Roofx, I wish I could start testing your system, but right now I'm very busy with testing another system (this another system looks VERY promising, if it is as good as it seems I'll stick to it, otherwise in November I'll go back to my favorite BBands 8, 2 (thank you for this indicator)). And, of course, when I'm done with testing another system, I'll start testing this system, BBands 75,1. But right now I can only give some advices!
  • #48
  • Oct 19, 2010 2:35pm Oct 19, 2010 2:35pm
Thanks Fokusnik. How are you trading the BBs with 8,2? What time frame do you trade it on? The settings seem very tight!
  • #49
  • Oct 19, 2010 2:53pm Oct 19, 2010 2:53pm
use this sistem with value 26. you will not have a perfect entry but you will sure catch some good pips. look at my screen below (i use: ichimoku hinko, haikenashi_DM, BBand stop, 3_level_zz_semafor_alert, zigzag with value, boilinger bands)

Another interesting fact is that u can put 2 BBands_stop with diferent settings (one for a big trend and another for scalping) but i don't know what value are the best.
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  • #50
  • Oct 19, 2010 3:21pm Oct 19, 2010 3:21pm
Quoting Roofx
Thanks Fokusnik. How are you trading the BBs with 8,2? What time frame do you trade it on? The settings seem very tight!
Roofx, right now, as I said, I'm trying another system and don't trade BBands 8,2. But I look forward to going back to good, old BBands 8,2!

But when I traded BBands 8,2 (on H-1, GBPUSD and GBJPY, SL 50), I was winning almost all the trades. That's because I never took ALL the signals, I was very cautious: I never traded the "slow" hours, traded mostly London Open and NY Open, I checked with Heiken Ashi, and, what is most important, I checked with the H-4. If H-4 BBands had the same color as H-1 BBands and it didn't look like it's going to change, then I would go ahead on H-1, otherwise I would wait until both H-1 and H-4 would be the same color.
  • #51
  • Oct 19, 2010 3:34pm Oct 19, 2010 3:34pm
Quoting Marcuss
use this sistem with value 26. you will not have a perfect entry but you will sure catch some good pips.
Marcuss, thank you for sharing! So, the length is 26. What is the deviation, 1 or 2?
  • #52
  • Oct 19, 2010 3:55pm Oct 19, 2010 3:55pm
eurgbp short coming up in a few minutes
  • #53
  • Oct 19, 2010 5:19pm Oct 19, 2010 5:19pm
Quoting todd960960
eurgbp short coming up in a few minutes
Yes, I'm short EURGBP from 8749. Let's see what the morning brings.
  • #54
  • Oct 19, 2010 9:38pm Oct 19, 2010 9:38pm
Quoting Marcuss
Another interesting fact is that u can put 2 BBands_stop with diferent settings (one for a big trend and another for scalping) but i don't know what value are the best.
I think we can scalp M-15 with BBands 5,1
  • #55
  • Oct 20, 2010 1:05am Oct 20, 2010 1:05am
Quoting Fokusnik
Marcuss, thank you for sharing! So, the length is 26. What is the deviation, 1 or 2?
Length 26
Deviation 2
Signal 2
Line 1
  • #56
  • Oct 20, 2010 8:28am Oct 20, 2010 8:28am
Thank you, Marcuss!
  • #57
  • Oct 20, 2010 8:39am Oct 20, 2010 8:39am
Quoting Roofx
For those familiar with my thread 'Mr. Blobby V2' I have started trading a similar system on longer term charts.

Link to Mr. Blobby v2 here:

http://www.forexfactory.com/showthread.php?t=248649

I will continue to test V2 scalping the 1m and 5m charts but I'm now also trading a new version (V3) on hourly charts with the addition of a 200 SMA as a filter. The reason is I want to catch the big moves and have the ability to get other things done instead of sitting at my screens for 12 hours a day.

The pairs I'm trading are:...
hi

can u show me where the mr blobby ''flip'' occurs in the chart ? and the entry and exit/


thanks
  • #58
  • Oct 20, 2010 10:50am Oct 20, 2010 10:50am
Quoting whatfx
hi can u show me where the mr blobby ''flip'' occurs in the chart ? and the entry and exit/
thanks
I am under the impression that it means when the blobbies change colour - was a buy, now a sell etc.

...and if I am wrong then we will both be better informed.
  • #59
  • Oct 20, 2010 11:27am Oct 20, 2010 11:27am
I have set SoundOn to true but I don't get an alert, how to fix this?
Please help.
  • #60
  • Oct 20, 2010 11:28am Oct 20, 2010 11:28am
Quoting whatfx
hi

can u show me where the mr blobby ''flip'' occurs in the chart ? and the entry and exit/


thanks
Sure, when the Blobs flip from being under price and blue to above price and red that is what I call the "flip".
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