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SRDC Episode I

  • #1,301
  • Mar 18, 2008 7:57pm Mar 18, 2008 7:57pm
Quoting brentmack
if you win 80% ... you break even.
Well, yes... But Orange has said that your chance of getting 5 pips is more like 99%. Just wondering if those who have tried this over several months can verify this percentage, approximately. Is the true win ratio close to 99%?

Thanks!
Money missed is better than money lost
  • #1,302
  • Mar 19, 2008 2:41am Mar 19, 2008 2:41am
... the allure of going for 5 pips in a dependable manner. But the fact that this thread is dead and its originator is long gone probably speaks volumes.

There are some really decent methods - covering everything from 5-Minute charts on up to the Daily charts - right on the front page of the Trading Systems section.

I think you'll probably find something that's a little more conventional AND profitable among them that will also appeal to you.

But if the prospect of more losses, but LARGER rewards isn't what you're looking for - it looks like you're going to have to be the one to try this out.

No offense, but I'm not going to comment any more because I believe this thread should be allowed to fade away...
  • #1,303
  • May 18, 2008 3:09pm May 18, 2008 3:09pm
Fade away?.... never... here is a re-post of this strategy which I done accidentally. Anyone that is still interested in this can come along and add their views/ experiences.
I personally can see the potential with this system, even if others cant.
Also you say conventional? who wants to go with everyone else? thats worse....

http://www.forexfactory.com/showthread.php?t=87096
  • #1,304
  • Oct 27, 2008 4:32pm Oct 27, 2008 4:32pm
I am a firm believer of SRDC. TQ orange!

mint_flavour
  • #1,305
  • Oct 27, 2008 5:06pm Oct 27, 2008 5:06pm
Quoting mint_flavour
I am a firm believer of SRDC. TQ orange!

mint_flavour
good for you
  • #1,306
  • Oct 28, 2008 6:00am Oct 28, 2008 6:00am
Quoting lholcomb
Does anyone still trade this or have you all moved on to Episode II, III, etc?

I came across this method yesterday and tried it out today. Call it beginners luck, but I am 100% so far. Just can't believe there hasn't been any activity on this tread on 5+ months on a profitable system...unless everyone is gone making pips.

Here are my results from today (needless to say I left a lot on the table):
Of course is the beginner's luck....but it's a very good method if you like it!Keep up the good work!!
  • #1,307
  • Jun 12, 2009 8:10am Jun 12, 2009 8:10am
Learning and live trading on SRDC I now. Thanks for OR.
  • #1,308
  • Jun 12, 2009 8:24am Jun 12, 2009 8:24am
Wahahahaha, how in the world did you manage to dig this up ?

Its good stuff here, and i miss OR. This thread is a gift from above to beginners.
  • #1,309
  • Dec 8, 2009 7:46am Dec 8, 2009 7:46am
Quoting OrangeRoshan
Here are the results of yesterday's trade on the 3 majors:

GBPUSD: +120 pips
EURUSD: +77 pips
AUDUSD: +15pips

However, as I was buzy celebrating Raya, my Tp was only 50 for each except for AUDUSD, which is 20pips

GBPUSD: +50pips
EURUSD: +50pips

I let the AUDUSD to ride since yesterday and eventually get my +20pips just now!

AUDUSD: +20pips

Total Trade: +120pips

Pipastic!!


nice I actually decided to try this method today. Made 20 pips today already. It sometimes hard to keep track of all 3 pairs however if your trading all 3 of them. Do you usually put your stoploss and then the limit order at the same time where you want to take profit? or do you watch manually and then put your limit order in after it passes the stop loss?? sometimes I worry it might tank so fast after it hits support or resistence that it might miss the stop loss and hit the limit due to latency issues, have you had this problem? I think this system works great, however I definately think indicators should be used to increase accuracy, even if it was tanking I wouldn't put stop-sell orders unless RSi was at least below 48 and the schotastic lines have diverged
  • #1,310
  • Dec 16, 2009 7:20am Dec 16, 2009 7:20am
hi

anyone knows, what happened to this thread? this is one of the best system out there
  • #1,311
  • Dec 28, 2009 2:06pm Dec 28, 2009 2:06pm
Quoting steven
hi

anyone knows, what happened to this thread? this is one of the best system out there
This system died because it was fundamentally flawed; a 1-5 or even 10 take profit with a 20-30 stop loss is doomed to fail. Orange tried hard but you cannot overcome basic math.
  • #1,312
  • Jul 18, 2010 3:44am Jul 18, 2010 3:44am
Hey Everyone,
New member here. I've been doing a lot of testing of this method, and have a few points which can help sustain this method as being profitable.

1) The SL and TP need to be dynamic, changing over time to best fit the market conditions. Strategy tester can be used to determine the best SL and TP. If one finds that the best parameters yield a reward to risk ratio R:R of less then one, then the pair is not the best one to trade, and one should look for a different pair.

2) One can use the optimization for the previous week to find the best SL and TP for the upcoming week. In the optimization, keep SL=10 fixed, and choose only TPs which give the best R:R ratio, there are some rules in the decision making. Optimization for longer durations can also ensure your parameters are consistent, but my stop you from grabbing the most pips for that week. But for me, stable profits it what I'm aiming for.

3) The profitability of this method for a particular currency pair is closely related to the 100 and 200 moving average of its ATR. If this is flat, or steadily increasing, that is an indication the trading method will be profitable. An example of this can be see on the GBPJPY, where it was a loser until the end of April and since then has been a winner for a range of TP's. I have traded the GBPJPY for the past two weeks with profits, and it has been (backtested) profitable for the past 12 weeks. The ATR and the profit curves correlated quite well.

4) Trailing stops aren't that great, as the price likes to retest the previous day highs and lows, and you will most likely just break even, you really need to set your SL and TP, close your chart program and let price do its thing.

The key thing is that one has to add an aspect of optimization to this method to keep it alive, so to speak, in terms of maintaining steady profits. The method is not flawed, making the SL and TP static is the flaw. Optimize the parameters and keep track of its profitability on a pair, be open to trading other pairs. and you'll be good.

I've made a string of posts on the BabyPips website showing all my findings, optimization plots etc. As a new member, I'm not sure if I can link to it. But if you search for the thread "Daily Hi Lo" started by TalonD, my posts are there. I was looking for more information on this method that I could use to improve it, and came across this thread.

I'm sorry to see that this method has some how "died", in the views of some. Hopefully, the points I have provided here might do something to revive faith in this trading strategy.

I really like this method, because of the set it a forget it aspect, and its ability to give steady profits. One has to be patient though, as it yields profits over weeks and months.


Cheers,

Synergy
  • #1,313
  • Jul 20, 2010 1:00am Jul 20, 2010 1:00am
Synergy,

Nice to see you here as well as BabyPips! Let's see if we can't optimize this trading strategy!

Best regards,
BC2 (Bobkat)
  • #1,314
  • Jul 22, 2010 3:02am Jul 22, 2010 3:02am
Hi Folks !

Trading Daily High/Low Breakout is one key element in my trading strategy.
It is a psychological barrier which a lot of traders are watching at like
break of 50/00 levels, volume and swing high/lows.

I have a girl friend which is working for an investment bank in London.

Her only job is to pick daily 10-20 pips with substantial leverage.

If this is done by some 100-200 traders daily....

The work is like a human robot......

But its profitable !

So sometimes its really very simple in life......

Happy trading

Bernhard
  • #1,315
  • Oct 30, 2010 5:41am Oct 30, 2010 5:41am
thanks OR for the great and unselfishness sharing of this system, this is really a fantastic system.

just would like to share my results of this SRDC I system using original rules with some own variation (to fit my trading style)

pair: GBPUSD
open buy stop (High + 2.5 pips /alpari UK spread) and sell stop (Low) positions at GMT 0100
SL 10 pips
TP 20 pips
closed position at GMT 1600 if positions not triggered

August (backtested results)
win: 7 (140 pips)
loss: 3 (30 pips)
Total win/loss: 110 pips
based on 3% risk/trade, monthly return is 33%

September (backtested results)
win: 10 (200 pips)
loss: 10 (100 pips)
Total win/loss: 100 pips
based on 3% risk/trade, monthly return is 30%

October (first month LIVE results)
win: 5 (100 pips)
loss: 6 (60 pips)
Total win/loss: 40 pips)
based on 3% risk/trade, month return is 12%

i am now on my way to build up my confidence towards this system by trading with discipline and consistently !
it would be a profitable system in long run.
i do not go into the SRDC II or III as i do not have much time spend to monitor the chart for the pattern to form.
i believe simple is the best and every morning, i just spend 2 minutes to set up the position, then go to work, and waiting my account to put on weight, as simple as that !
thanks Orange Roshan !
happy pipping
  • #1,316
  • Oct 30, 2010 9:36am Oct 30, 2010 9:36am
You're doing well Aeron! Can you tell us how you determine where to put your buy stop and sell stop at 0100 GMT?

Quoting aeron_1025
thanks OR for the great and unselfishness sharing of this system, this is really a fantastic system.

just would like to share my results of this SRDC I system using original rules with some own variation (to fit my trading style)

pair: GBPUSD
open buy stop (High + 2.5 pips /alpari UK spread) and sell stop (Low) positions at GMT 0100
SL 10 pips
TP 20 pips
closed position at GMT 1600 if positions not triggered

August (backtested results)
win: 7 (140 pips)
loss: 3 (30 pips)
Total win/loss: 110 pips
based on 3% risk/trade, monthly return is 33%

September...
  • #1,317
  • Oct 30, 2010 10:03am Oct 30, 2010 10:03am
Quoting Dreamliner
You're doing well Aeron! Can you tell us how you determine where to put your buy stop and sell stop at 0100 GMT?
Hi Dreaminer,

i put my buy stop at previous day high + spread
eg, buy stop at 28/10/10 is 27/10/10 day high, ie 1.58650 + 2.5 (as for alpari UK)
thus buy stop for 28/10/10 is at 1.58675

sell stop for 28/10/10 is 27/10/10 day low, ie 1.57290

actually i do not mean to make a variation to original rule, but to fit the trading time to my local time here and to fit my trading style where i prefer higher TP and lower SL and with about 50% winning is sufficient to me already.
not sure if it is appropriate for me to post my result here as the result is not original OR rules results, but i just posting for the stake of sharing with fellow traders here and to show the very simple of SRDC I system is profitable since many many years ago OR trade it.
  • #1,318
  • Oct 30, 2010 10:08am Oct 30, 2010 10:08am
ok I see what you are saying now. Why do you wait until 0100 GMT to place your orders, why not right at 0000 GMT when the previous day is over?

Also, will these be the numbers you use for this coming Monday?

Buy Stop: 1.60360 + spread
Sell Stop: 1.5875

Are you going to try this on other pairs?

Quoting aeron_1025
Hi Dreaminer,

i put my buy stop at previous day high + spread
eg, buy stop at 28/10/10 is 27/10/10 day high, ie 1.58650 + 2.5 (as for alpari UK)
thus buy stop for 28/10/10 is at 1.58675

sell stop for 28/10/10 is 27/10/10 day low, ie 1.57290

actually i do not mean to make a variation to original rule, but to fit the trading time to my local time here and to fit my trading style where i prefer higher TP and lower SL and with about 50% winning is sufficient to me already.
not sure if it is appropriate for me to post my result here as the result...
  • #1,319
  • Oct 30, 2010 10:41am Oct 30, 2010 10:41am
Quoting Dreamliner
ok I see what you are saying now. Why do you wait until 0100 GMT to place your orders, why not right at 0000 GMT when the previous day is over?

Also, will these be the numbers you use for this coming Monday?

Buy Stop: 1.60360 + spread
Sell Stop: 1.5875

Are you going to try this on other pairs?
i have try backtested for last few months and found that the breakout before GMT 0100 is not strong enough but rather fake breakout. maybe you can try GMT 0000 and see how is the results as it is the time where tokyo market open.

i am using alpari UK,
buy stop is 1.60440 + spread
sell stop is 1.58760

i have try backtested on GBPJPY and EURUSD, but the results is not good, the breakout of previous day support and resistant is not powerful as compare to GBPUSD.
  • #1,320
  • Nov 13, 2010 4:12am Nov 13, 2010 4:12am
Quoting OrangeRoshan
I am humble by your compliments.

Many years ago, I lost big time in a very big trade. Jumping out of the window seems easy. But, my parents prayer saves me.

I said to myself, "whenever i made it thru this, just recover back the losses, I will do my very best to help others". Recover, I did, and success, i have become.

Now, i have a promise to keep!

Thanks Jedi Compro99.
Once upon a time there was a man who wanted to sail the oceans with a little sailboat. He left from Vietnam, but suddenly shipwreked near Mauritius..... The boat was broken and he had no money to repair it.
A man who was there asked him: "wath do you need? I'll give it to you!"
The first man said "thanks guy but....why do you help me in such a way?"
The second man answered "someone, long time ago, did the same for me...and now I do this for you!"

The first man, later became the most famous solitary sailor ever seen. His name was Bernard Moitessier!

Now it seems you Roshan are doing the same thing of the second man. You know the feeling of a man when is in trouble, and teach us how to become good traders.
Maybe we won't become as Moitessier (i.e. the best ones) but... we'll sure become profitable traders, and if it will'be, we will have to remember the Master who gave us his science and his experience for FREE.
Then will be our turn to help people in trouble as much as we can.

So, thanks to you Roshan, from the deep of my heart!

Azad
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