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Multiple Trading systems gbpusd only

  • #1,081
  • Oct 29, 2010 9:05am Oct 29, 2010 9:05am
Hitting tp-- 161 1tp 261 2tp

Sl at 1

We post the indicator here already -- I hope no one will ask -- it is here -- just load it up on your rangebars 15pips
Attached Image (click to enlarge)
Click to Enlarge Name: 123.gif Size: 12 KB
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #1,082
  • Oct 29, 2010 2:18pm Oct 29, 2010 2:18pm
Using the 123Patterns indicator (see post #1077) I switched on the setting to ShowAllLines = True. This shows all the ZigZag highs and lows used inside the indicator.

Now the question we always want to know is, "Who is in control, the bulls or the bears ?" If the bulls are in control it is safe to trade the long signals and not the short signals. How can we see when control has shifted from one side to the other ?

In a retrace it may look like the other side has taken over, but they haven't, it is only a retrace. When they take over completely that is called a reversal.

Looking at the 123 Steps shows who is in control...

Attached Image (click to enlarge)
Click to Enlarge Name: 123steps-gbpusd-m1-20101029.gif Size: 20 KB


Any other ideas on how to see the difference between a temporary retrace and a complete reversal ?
  • #1,083
  • Oct 30, 2010 4:55am Oct 30, 2010 4:55am
There is ambiguity in that -- Are breakout or retrace is really a breakout of retrace-- My take is if are trading a system dont pick and chose which signal to take or not--- how many fake break out or retrace we see day in day out--

I stick to the sytem-- and it rules-- when it say buy buy when it say sell sell -- set your tp and sl will not win all the trades but will win most-- if you stick the the rules--

you must test you system live over 100 trades-- if it is accuracy is 60% and more you have system--

Some system does not have to be 50% + accuracy-- you make the profit on the tp and sl

Tradewin is about 50 --70 % accurate but the most of the lost are under 30

but tp is 50 pips -- they are few except where the lost could be 50 to 60 pips
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #1,084
  • Edited 7:35pm Oct 30, 2010 5:47pm | Edited 7:35pm
Quoting robdee
Now the question we always want to know is, "Who is in control, the bulls or the bears ?" If the bulls are in control it is safe to trade the long signals and not the short signals. How can we see when control has shifted from one side to the other ?
My questions above are only important for trend-following systems. As Zamanib tells us some systems do not care about the trend, it is not in the rules. In those systems defining the trend is too ambiguous so they do not try to do it.

For some people who would like to understand trend changes I offer my chart below. This is a simplified version of my previous post. It uses the same idea, three zigzag levels stepping up or down, it is just presented in a easier to read format.

Attached Image (click to enlarge)
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  • #1,085
  • Oct 31, 2010 8:27am Oct 31, 2010 8:27am
5 loss out of 39 trades--
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #1,086
  • Oct 31, 2010 8:30am Oct 31, 2010 8:30am
oct 123 rangebars
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #1,087
  • Oct 31, 2010 8:32am Oct 31, 2010 8:32am
oct rangebars
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #1,088
  • Oct 31, 2010 8:47am Oct 31, 2010 8:47am
is these red dots are an indicator? if yes then can u pls post this indicator?
  • #1,089
  • Oct 31, 2010 9:37am Oct 31, 2010 9:37am
Quoting Alihuzaifa
is these red dots are an indicator? if yes then can u pls post this indicator?

here it is...
ZigZagDepth - 1
Attached File(s)
File Type: ex4 123Patterns.ex4   9 KB | 684 downloads
  • #1,090
  • Oct 31, 2010 11:34am Oct 31, 2010 11:34am
Quoting Kreator
here it is...
ZigZagDepth - 1
I understand that the green dots are the 1,2,3.....but what are the lines?

PGPB
Attached Image (click to enlarge)
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  • #1,091
  • Oct 31, 2010 11:42am Oct 31, 2010 11:42am
Quoting pgpb
I understand that the green dots are the 1,2,3.....but what are the lines?

PGPB
I think the TP1 and TP2.
  • #1,092
  • Oct 31, 2010 11:49am Oct 31, 2010 11:49am
Quoting pgpb
I understand that the green dots are the 1,2,3.....but what are the lines?

PGPB
lines it tp -- but I dont used that-- I used the fib 161 and 162 fib is drawn from 1 to 2 or 2 to 1 2 is entry 1 is sl 161 tp 162 tp
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #1,093
  • Oct 31, 2010 11:54am Oct 31, 2010 11:54am
A next system coming out -- I post here before no one trade it -- when I give the chart and result every saying eeeeeeeeeeeeem

yes u need to do your home work
back test 100 trades
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #1,094
  • Oct 31, 2010 12:13pm Oct 31, 2010 12:13pm
MAO 34 50 9 --- typical on 15 pips rangebars will some on kind enough to do the back test - chart with the total pips move on MAO crosses the zero line
Attached Image (click to enlarge)
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #1,095
  • Edited 12:29pm Oct 31, 2010 12:27pm | Edited 12:29pm
Quoting zamanib
MAO 34 50 9 --- typical on 15 pips rangebars will some on kind enough to do the back test - chart with the total pips move on MAO crosses the zero line
Hi all.
Have allready made some nice profits using my 11 pip CRB template with OsMA + RSI + Stoch.
2 MA lines coresponding MACD and white line MA100
Attached Image (click to enlarge)
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  • #1,096
  • Oct 31, 2010 1:02pm Oct 31, 2010 1:02pm
Zamanib,

The 123pattern method looks really impressive. I have just loaded the indicator onto my charts and notice that on each occasion price has gone in the right direction for profit after the number 3. Judging by this, 3% - 5% per day should be achievable which is what I am looking for.
  • #1,097
  • Oct 31, 2010 1:36pm Oct 31, 2010 1:36pm
Quoting Dave1
Zamanib,

The 123pattern method looks really impressive. I have just loaded the indicator onto my charts and notice that on each occasion price has gone in the right direction for profit after the number 3. Judging by this, 3% - 5% per day should be achievable which is what I am looking for.
Yes it is very profitable-- we buy and sell on 2 (not 3 3 must be form 1st)

ALL credit -- goes to robdee to put the indicator-- I just trade it differently

Robdee trade in differently also both ways are profitable

Istvan from day one follow my system and done great with his live account -- he add my system to his and his trading style

He is very good and quick learner-- thumbs up for him
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #1,098
  • Oct 31, 2010 2:09pm Oct 31, 2010 2:09pm
Quoting zamanib
5 loss out of 39 trades--
For October:

34 wins
5 losses

In these 39 trades:

Have you considered any longer term trends, daily bias, being below or above daily pivot etc.?

OR

Have you taken all the 123 signals, entry at 2, stop at 3 target at 162% and 262% of 1-2?

The chart is 15-pip CRB, the indicator is set at: Zigzag depth 1
Regards
  • #1,099
  • Oct 31, 2010 2:17pm Oct 31, 2010 2:17pm
I notice a lot of interest in the 123Patterns indicator.

May I just say my idea with that was experimental only but with Zaman's October backtest results it is looking more like a 'real' system. Thanks Zaman.

The original source code (123Patterns.MQ4) is found in post #1077.
  • #1,100
  • Oct 31, 2010 3:58pm Oct 31, 2010 3:58pm
In previous posts I was looking only at GBPUSD,M1 charts, now I shift my attention to GBPUSD,M2 (15 pip rangebars) like in Zaman's Oct backtest.

I am on IBFX 5-decimal pricing data feed. This could be making a big difference on the best settings to use. Zaman is using ZigZagDepth=1 on his rangebars and he likes it. Is that because he is using 4-decimal pricing rangebars, I'm not sure. We are both using 15-pip rangebars.

I find the best setting for me is ZigZagDepth=8 on my rangebars. The idea is to find the lowest number setting that I can that allows plenty of good signals but also filters out the tiny 123Patterns that I do not want to see. If I make my setting ZigZagDepth=1 I see way too much noise.

The other settings I consider are the two targets. I want to see price reaching Target1 especially and some profit taking showing up in the price action. In other words I'm in the same area of profit taking as the big dogs.

See what I mean in my chart here below:

Attached Image (click to enlarge)
Click to Enlarge Name: 123patterns-gbpusd-m2-20101029.gif Size: 17 KB
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