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Gbpusd trading system

  • #81
  • Dec 15, 2010 2:59am Dec 15, 2010 2:59am
Hi dreamliner,

zaman first post was on the 4 december for this system,

how is it that you been trading this since the end of october?


Quoting Dreamliner
Greetings all,

I'm using this system, exactly as in the first post (except set the bar range to 30). Here are my results since the end of October:

36 trades
28 winners
8 losers

Pips gained 756
Pips lost 264

Net Pips 492

This is the best system I have tried so far, and I've been around for about 4 years and have tried everything ever written.

One thing that would really benefit this system, is to have the indicator be able to send an email when a trade is triggered. Can anyone do that?
  • #82
  • Dec 15, 2010 3:04am Dec 15, 2010 3:04am
Quoting T2Twell
another qustion i have is how does one enter a trade on this system as you, i see from your charts posted that your entries are somtimes 1-2 bars after the arrow showd, could you explaing how you enter the trades?
The arrow is always shown on already closed bar. So you should enter at the opening of a new bar, if you see the arrow on the previous one (closed).
Now, the Trend_Spotter indicator DOES redraw itself, so it's normal that the arrow can appear, then disappear. That's because the indicator uses 3 bars to calculate the signal: previous, current, and FUTURE bars. But thhe future bar data cannot be known in advance, they are extrapolated! So, the indicator "thinks" that the future data will be, let' say, A, and draws the arrow. One bar later, the future bar becomes a current one, so we can get the real time data for it. Let's say this data is NOT A. Then the indicator "understands" it was wrong with the extrapolation, and the arrow disappears.
  • #83
  • Dec 15, 2010 3:05am Dec 15, 2010 3:05am
Quoting T2Twell
Hi dreamliner,

zaman first post was on the 4 december for this system,

how is it that you been trading this since the end of october?
Backward testing, I think.
  • #84
  • Dec 15, 2010 3:52am Dec 15, 2010 3:52am
Quoting T2Twell
Hi, zamanib

thx for sharing your system, i think you have something great here.

one problem ofcourse is the sidus indicator which shows arrows appear intrabar and then dissapear, we need a version that only shows the arrow after the bar closes/next bar forms.

another qustion i have is how does one enter a trade on this system as you, i see from your charts posted that your entries are somtimes 1-2 bars after the arrow showd, could you explaing how you enter the trades?

thanks in advanced
yes -- I have a next system also -- so I take trade on the other system on the same mt4 my live account -- I did not post that system on this thread because I am not sharing or selling it-- so I will not have to fight with anyone for it
if you notice yesterday I took the trade from this system emicrossrsitndsoptter and still give ton of pips -- it never stop out I clock 40 pips
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #85
  • Dec 15, 2010 4:02am Dec 15, 2010 4:02am
Guys i have been comparing the ema Rsi trendspotter versions 1 and 3
and there defintely is some error on version one, arrow will appear even though the ema's 14/21 does not cross.

By looking at version 3, it seems to be more accurate and only shows arrows at the ema X's.

any1 else notice this?

attached is the chart, note that the bigger arrow is version 3 and smaller arrow is version 1 of the ema rsi trendspotter indicator
Attached Image (click to enlarge)
Click to Enlarge Name: 50bar GU with 1421ema.png Size: 41 KB
  • #86
  • Dec 15, 2010 4:14am Dec 15, 2010 4:14am
Quoting T2Twell
Guys i have been comparing the ema Rsi trendspotter versions 1 and 3
I think there's a confusion.
What do you mean by TrendSpotter v.3? There's only one version of TrendSpotter in this thread, attached to the very first post.
If you mean Sidus v.3, it DOES NOT USE the same algorithm as TrendSpotter!
TrendSpotter tracks the crosses of EMAs.
Sidus v.3 tracks the close of the price above/below EMAs.
So it's normal their signals are different.
  • #87
  • Dec 15, 2010 4:18am Dec 15, 2010 4:18am
Quoting Norg
The arrow is always shown on already closed bar. So you should enter at the opening of a new bar, if you see the arrow on the previous one (closed).
Now, the Trend_Spotter indicator DOES redraw itself, so it's normal that the arrow can appear, then disappear. That's because the indicator uses 3 bars to calculate the signal: previous, current, and FUTURE bars. But thhe future bar data cannot be known in advance, they are extrapolated! So, the indicator "thinks" that the future data will be, let' say, A, and draws the arrow. One bar later, the future...
thx for clarifying that Norg, so then the idea is to enter the open of the next bar after we get a signal on the current bar ERTS(emirsitrendspotter), so im guessing the best way is to use stop orders above below that bar high low say by 4ticks or so? how do u guys enter the trade?
  • #88
  • Dec 15, 2010 4:21am Dec 15, 2010 4:21am
Hi zamanib!

Thanks for sharing your system, it's very interesting.
I tweaked little your template. Hope you find it usefull
It's for 15 pips range on eurusd.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 19 KB
Attached File(s)
File Type: mq4 sidus_v3.mq4   4 KB | 546 downloads
File Type: ex4 HMA Color nrp.ex4   6 KB | 514 downloads
File Type: tpl range(15pips).tpl   2 KB | 486 downloads
  • #89
  • Dec 15, 2010 4:44am Dec 15, 2010 4:44am
Quoting Norg
I think there's a confusion.
What do you mean by TrendSpotter v.3? There's only one version of TrendSpotter in this thread, attached to the very first post.
If you mean Sidus v.3, it DOES NOT USE the same algorithm as TrendSpotter!
TrendSpotter tracks the crosses of EMAs.
Sidus v.3 tracks the close of the price above/below EMAs.
So it's normal their signals are different.

attached is the Emi trendspotter version v3
go compare it for yourself and let me know why they different
Attached File(s)
File Type: mq4 EMA_Cross_RSI_Trend_Spotter_v3.mq4   6 KB | 491 downloads
File Type: ex4 EMA_Cross_RSI_Trend_Spotter_v3.ex4   6 KB | 395 downloads
  • #90
  • Dec 15, 2010 4:46am Dec 15, 2010 4:46am
Quoting Norg
I think there's a confusion.
What do you mean by TrendSpotter v.3? There's only one version of TrendSpotter in this thread, attached to the very first post.
If you mean Sidus v.3, it DOES NOT USE the same algorithm as TrendSpotter!
TrendSpotter tracks the crosses of EMAs.
Sidus v.3 tracks the close of the price above/below EMAs.
So it's normal their signals are different.
Norg if you look at my last chart posted, the ERTS v1 shows anrrows (bigger ones) even though the ema's did not cross. hence the confusion.. Version 3 seems to be 100% accurate as the when an arrow appears when the emas cross. hope this clarifies it

the thing i am noticing is that there are much more failed trades using the ERTS v3 ( which shows the real signal as per inputs)
so the problem might be that the ERTS v1 is repainting the signal to look perfect in hindsight..
thoughts on this??
  • #91
  • Dec 15, 2010 4:55am Dec 15, 2010 4:55am
Quoting T2Twell
attached is the Emi trendspotter version v3
go compare it for yourself and let me know why they different
Their algorithms are different.
The original version (from the beginning of this thread) uses 3 bars, as I explained before.
The v3 uses just 2 bars (current and previous, no future).
So they wil give slightly different signals.
But anyway, both will redraw, because the current EMA values can change in real time, too. So, the arrow of the very last signal can appear/disappear on both versions.
  • #92
  • Dec 15, 2010 5:04am Dec 15, 2010 5:04am
Quoting Norg
Their algorithms are different.
The original version (from the beginning of this thread) uses 3 bars, as I explained before.
The v3 uses just 2 bars (current and previous, no future).
So they wil give slightly different signals.
But anyway, both will redraw, because the current EMA values can change in real time, too. So, the arrow of the very last signal can appear/disappear on both versions.
thx Norg,

but please explain wat you mean by the alogorthm uses 3 bars to calculate the signal, so then what you saying is that this is not just meerly a ema X for the signal to appear?
  • #93
  • Edited 5:21am Dec 15, 2010 5:10am | Edited 5:21am
Quoting T2Twell
thx Norg,
but please explain wat you mean by the alogorthm uses 3 bars to calculate the signal, so then what you saying is that this is not just meerly a ema X for the signal to appear?
It's a EMA cross for both versions of TrendSpotter.
There are just different ways to calculate the cross: using values of EMAs from previous bar, and/or from current bar, and/or from future bar.

I will compare them on MetaTrader tonight,; I have no MT now.
  • #94
  • Dec 15, 2010 6:30am Dec 15, 2010 6:30am
Guys -- it is very simple -- follow what I said on the 1st post -- only difference use emicross on a 30 pips range-- thats all-- use the original version that I post on the 1s page-- the setting is 14 21 17
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #95
  • Edited 6:51am Dec 15, 2010 6:39am | Edited 6:51am
hehe my thoughts exactly, first page still the best one,

since you been using the EMARSITrendspotter have you noticed if it repaints or not?
also could you explain how you enter the trade using the 30bar chart.
  • #96
  • Dec 15, 2010 7:16am Dec 15, 2010 7:16am
Quoting t2twell
hehe my thoughts exactly, first page still the best one,

since you been using the emarsitrendspotter have you noticed if it repaints or not?
Also could you explain how you enter the trade using the 30bar chart.
once the arrow appear -- wait for the candle to close then enter on the next candle 30 tp sl 30
if there is not arrow on the previous candle --noooooo trade

once the arrow appear and the candle close the arrow will remain- so you dont have to worry--
and this work great on 30 pips range
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #97
  • Dec 15, 2010 7:31am Dec 15, 2010 7:31am
cool thanks for that,

I guess we wont know when the next candle will open since these are range bars and not time bars,

do u use the current bar high/low plus or minus 30pip to know when the next bar will open. cause if thats the case we can just use stop orders to enter instead of waiting here not know when the bar will close.
  • #98
  • Dec 15, 2010 8:00am Dec 15, 2010 8:00am
Quoting T2Twell
cool thanks for that,
I guess we wont know when the next candle will open since these are range bars and not time bars,
A new bar will open automatically when the previous closes, just as on a regular chart. Then look at the previous bar (just closed), to see if there is an arrow.

I re-analyzed the code of original TrendSpotter (in the 1st post), and I insist it's not good for real-time signals. It's impossible to make it to not redraw the arrows on a current bar or even on a previous one. Signals may appear good on bars before the previous one, but that's because that version of TrendSpotter uses a bar "in the future". And you cannot have such bar in real time.
  • #99
  • Dec 15, 2010 9:43am Dec 15, 2010 9:43am
Quoting Dreamliner
Greetings all,

I'm using this system, exactly as in the first post (except set the bar range to 30). Here are my results since the end of October:

36 trades
28 winners
8 losers

Pips gained 756
Pips lost 264

Net Pips 492

This is the best system I have tried so far, and I've been around for about 4 years and have tried everything ever written.

One thing that would really benefit this system, is to have the indicator be able to send an email when a trade is triggered. Can anyone do that?
I don't know how you tested it, but that EMA Cross indicator in post 1, repaints terribly.
  • #100
  • Dec 15, 2010 10:44am Dec 15, 2010 10:44am
Quoting billbss
i don't know how you tested it, but that ema cross indicator in post 1, repaints terribly.
i never see it repaints on rangebars-- however you must wait for the candle to close
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
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