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Dreamliners’ MPAS (Mechanical Price Action Strategy) System

  • #281
  • Dec 27, 2010 11:46pm Dec 27, 2010 11:46pm
Quoting Dreamliner
Can you explain how you are testing? I assume you mean that you are backtesting on a demo account, correct? If so what is your minimum and maximum number of pips to trigger a buy or sell order?
I'm trying it on demo in real time. I've missed a few possible trades waiting on the current bar to update, this can take hours or minutes.

But doing this live has given me 1 winner and 4 losses so far.

Sometimes the open goes both ways very fast and you miss a trade, or it goes down but never back to open.. its not easy. Also keep in mind my times of trading are not best. I'm west coast usa so I get the crappy sessions

An indicator that places the sl tp and entry lines both ways after open I guess would help. I see the merit in this trading idea. I'm just not paying attention or getting tired of staring at screen. I'm sure its me so far.
  • #282
  • Dec 27, 2010 11:49pm Dec 27, 2010 11:49pm
I see, yes it's difficult to stare at the screen waiting. Have you tried the alerter I mentioned on the first page? I'm hoping that will help so we don't have to stare at the screen.

Quoting tommbstone
I'm trying it on demo in real time....
  • #283
  • Dec 27, 2010 11:55pm Dec 27, 2010 11:55pm
Quoting chazbo 3071
No longer tradable - price went outside 30 pip zone.
I like how you do your lines.. A indy that does this for us would be faster but maybe I'm just lazy and don't like to add and subtract.
  • #284
  • Dec 27, 2010 11:59pm Dec 27, 2010 11:59pm
Quoting tommbstone
I like how you do your lines.. A indy that does this for us would be faster but maybe I'm just lazy and don't like to add and subtract.
I think someone has coded an EA that prints the lines on the chart for you already. If I'm not mistaken.
  • #285
  • Dec 28, 2010 12:16am Dec 28, 2010 12:16am
Quoting Dreamliner
I see, yes it's difficult to stare at the screen waiting. Have you tried the alerter I mentioned on the first page? I'm hoping that will help so we don't have to stare at the screen.
First i'm going to purchase the range bar comm. this free one here needs work. It has to be refreshed all the time. Alerts next.
  • #286
  • Dec 28, 2010 12:16am Dec 28, 2010 12:16am
Quoting Musashi
I think someone has coded an EA that prints the lines on the chart for you already. If I'm not mistaken.
Yeah I see that. I'm about 16 hours behind on the posts. ~
  • #287
  • Dec 28, 2010 12:23am Dec 28, 2010 12:23am
Where do you find the rangebar for purchase?

Quoting tommbstone
First i'm going to purchase the range bar comm. this free one here needs work. It has to be refreshed all the time. Alerts next.
  • #288
  • Dec 28, 2010 12:38am Dec 28, 2010 12:38am
Quoting Dreamliner
Where do you find the rangebar for purchase?
I don't think i'm alowed to post the link here but its only 30 bucks
  • #289
  • Edited 1:57am Dec 28, 2010 1:39am | Edited 1:57am
Set and Forget SL 23 TP 27

Update: Hit Target in 16 minutes
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  • #290
  • Dec 28, 2010 2:12am Dec 28, 2010 2:12am
my 1st live trade -- sell trigger was activated 20 pips 15467 open move up 15487 -- move back down 15467 i enter -- then it move back 15487 i set my sl 30 pips plus 4 pips spread so 15501 sl that

my entry 15467 -- tp 15437 sl 15501 i was a success that was the last bar -- looking to enter if the next bars give up a trade
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #291
  • Dec 28, 2010 2:52am Dec 28, 2010 2:52am
hey dreamliner,
nice seeing you here with a new system, i will be following this thread closely, i always appreciated your views on the market especially on the correlation hedge thread.. keep it up and have a nice new year
consistency wins
  • #292
  • Dec 28, 2010 7:35am Dec 28, 2010 7:35am
This was a perfect trade.

Quoting chazbo 3071
Set and Forget SL 23 TP 27

Update: Hit Target in 16 minutes
  • #293
  • Dec 28, 2010 7:35am Dec 28, 2010 7:35am
Hi iTrader, thank you for the kind comments, and I hope you can contribute here as well.

Quoting iTrader
hey dreamliner,
nice seeing you here with a new system, i will be following this thread closely, i always appreciated your views on the market especially on the correlation hedge thread.. keep it up and have a nice new year
  • #294
  • Dec 28, 2010 7:37am Dec 28, 2010 7:37am
This was perfect too, Zam. What are you doing about spread? Are you adjusting your numbers at all for it, or just entering and letting spread take care of itself?

Quoting zamanib
my 1st live trade -- sell trigger was activated 20 pips 15467 open move up 15487 -- move back down 15467 i enter -- then it move back 15487 i set my sl 30 pips plus 4 pips spread so 15501 sl that

my entry 15467 -- tp 15437 sl 15501 i was a success that was the last bar -- looking to enter if the next bars give up a trade
  • #295
  • Dec 28, 2010 7:48am Dec 28, 2010 7:48am
Quoting dreamliner
this was perfect too, zam. What are you doing about spread? Are you adjusting your numbers at all for it, or just entering and letting spread take care of itself?
the last 3 bars - 2 of them winners -- the other no trade
the current bar may be a possible trade sell tigger happen already now waiting to go shot one price come to 15459

yes i set my sl 30 pips plus 4 for spread -- i try to enter on the exact price -- if i set pending to enter to buy -- then i will add the spread
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #296
  • Dec 28, 2010 7:52am Dec 28, 2010 7:52am
So you've got 2 winners and 1 NT on a live account, correct? Zam I think you are paying too much for spread. I don't know who your broker is but Oanda's spread is just 2 right now. If you're paying 4 that would cut your overhead in half.

Quoting zamanib
the last 3 bars - 2 of them winners -- the other no trade
the current bar may be a possible trade sell tigger happen already now waiting to go shot one price come to 15459

yes i set my sl 30 pips plus 4 for spread -- i try to enter on the exact price -- if i set pending to enter to buy -- then i will add the spread
  • #297
  • Dec 28, 2010 7:58am Dec 28, 2010 7:58am
Quoting Dreamliner
So you've got 2 winners and 1 NT on a live account, correct? Zam I think you are paying too much for spread. I don't know who your broker is but Oanda's spread is just 2 right now. If you're paying 4 that would cut your overhead in half.
I am happy with fxsol --- and MIG
I like fsxol 4ditig -- I sent you and email
yes live trade
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #298
  • Dec 28, 2010 9:16am Dec 28, 2010 9:16am
been following this thread.....

just being sure .. you are placeing buy or sell stops not limits correct?

I feel I understand everything else.. I just can't get the M2 and range bars to work I've done it before but I'm with a different broker now.

That could be the problem
  • #299
  • Dec 28, 2010 9:21am Dec 28, 2010 9:21am
Hi Dryclean, yes when the trigger goes off we are placing buy stops (if triggered short) and sell stops (if triggered long). Unless you are on Oanda and then they call all orders that are not market orders "limit" orders.

I can't help you on the range bars, but if you search on range bars in forex factory there are a number of threads where you can get questions answers. Hope it helps.

Quoting dryclean
been following this thread.....

just being sure .. you are placeing buy or sell stops not limits correct?

I feel I understand everything else.. I just can't get the M2 and range bars to work I've done it before but I'm with a different broker now.

That could be the problem
  • #300
  • Dec 28, 2010 9:24am Dec 28, 2010 9:24am
I like it... a small test on a live account (IBFX).

Worked like a charm on the AUDUSD 30pip range bars.
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