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Dreamliners’ MPAS (Mechanical Price Action Strategy) System

  • #381
  • Edited 9:06am Dec 29, 2010 9:01am | Edited 9:06am
No offense taken whatsoever my friend. I'm just wanting to keep the thread about the method and not about indicators/EAs. If you've been around here for any length of time you'll appreciate the reasoning behind this. I can't tell you how many threads have been hijacked by developers of EAs which turn in to Tech Support questions. You're just fine.

By the way, my USD/JPY trade last night was a winner, so now I'm 1 for 1. My account balance has increased by almost 1% in the past 20 hours with that one win. And I even goofed up the target price and left 6 pips on the table. DOH!

[quote=seller9;4272454]
Quoting Dreamliner
Dear friends,

Well I really hate to say this, but from now on anyone who posts about an EA will be banned from the thread. I know that is a hard line, but I was serious in my very first post stating that this thread is for the method only and no discussion of EAs will be allowed.

Hi

I appreciate what you are doing here and I hope I didn't step on any toes by talking about an indicator, that was not my intention. I was just trying to test your system in a more robotic way which eliminates the human +- entering into...
  • #382
  • Dec 29, 2010 9:34am Dec 29, 2010 9:34am
Hi Dreamliner,

Thank you for your contribution and really appreciated for the method which is purely based on price action. I wish this thread will continue with pure price action techniques.

Good Trading!
  • #383
  • Dec 29, 2010 9:41am Dec 29, 2010 9:41am
Thank you Hariusa, I hope that traders will benefit, please contribute as able.

Quoting hariusa72
Hi Dreamliner,

Thank you for your contribution and really appreciated for the method which is purely based on price action. I wish this thread will continue with pure price action techniques.

Good Trading!
  • #384
  • Dec 29, 2010 9:43am Dec 29, 2010 9:43am
Quoting paws
Has anyone had any success backtesting range bars as per the youtube video instructions: http://www.youtube.com/watch?v=7VTIGtdsalM
Exactly right, nice find. This is how I have been doing it for well over a year now. Glad someone made a vid on howto

On THIS method, you would use visual backtest mode, with something such as vhands to manually take the trades (since no ea's can be discussed here) to verify the method's results
  • #385
  • Dec 29, 2010 9:45am Dec 29, 2010 9:45am
Quoting Musashi
You think wrong... EA's will work on offline charts, the only thing you cannot do is use backtester on offline charts.

Which is not much use.
You also think wrong. As demonstrated in a youtube video a few posts ago EA backtesting on offline charts is possible. However, Dreamliner does not allow EAs in this thread (even for the only purpose of backtesting).

I just tried it with the standard rules over 3 months. Unfortunately, not profitable. I will continue with different parameters.

gary
  • #386
  • Dec 29, 2010 10:06am Dec 29, 2010 10:06am
no trade on gu and uj
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #387
  • Dec 29, 2010 10:22am Dec 29, 2010 10:22am
Just got back from lunch and an errand... Added a few pennies profit from a EURUSD trade. This is working quite nicely.
Attached Image (click to enlarge)
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Attached Image
  • #388
  • Dec 29, 2010 11:03am Dec 29, 2010 11:03am
Quoting crodzilla
Just got back from lunch and an errand... Added a few pennies profit from a EURUSD trade. This is working quite nicely.
nice to see some of us piping
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #389
  • Dec 29, 2010 11:07am Dec 29, 2010 11:07am
I'm pipping too . It's been kind of a slow day today; none of the pairs I'm monitoring have given any trades. A few alerts but then canceled.
  • #390
  • Dec 29, 2010 11:11am Dec 29, 2010 11:11am
Quoting crodzilla
Just got back from lunch and an errand... Added a few pennies profit from a EURUSD trade. This is working quite nicely.
Hi
Just wondering what you closed your trade on. It looks like it was on the next candle, so did you close it at your TP or the closing of the signal candle?

Thanks
  • #391
  • Dec 29, 2010 11:26am Dec 29, 2010 11:26am
Just wanted to update everybody on what I am now using for alerts. I had a friend contact me and tell me about smtp2go and said it worked great with MetaTrader's built in alert system. Sure enough it does. So I'm now using Metatrader's alerts with smtp2go if anyone would like to check them out. Again, this thread is about the method of trading known as MPAS, but in case any of you are needing help with alerts I thought I would share with you.
  • #392
  • Dec 29, 2010 11:31am Dec 29, 2010 11:31am
I just started a new thread here for those of you wishing to discuss EA's, indicators, etc. for this method. I hope it helps!
  • #393
  • Dec 29, 2010 11:39am Dec 29, 2010 11:39am
Quoting seller9
Hi
Just wondering what you closed your trade on. It looks like it was on the next candle, so did you close it at your TP or the closing of the signal candle?

Thanks
My trade log is above the picture which includes my AUDUSD trade yesterday and the EURUSD trade today.

The AUDUSD was a 20 pip TP (Set & Forget).
The EURUSD was a 20 pip +spread TP (Set & Forget).

I forgot about the spread on my first live trade.
  • #394
  • Dec 29, 2010 3:14pm Dec 29, 2010 3:14pm
Correct me if I'm wrong but AU current open 50R bar suits this strategy at the moment.
  • #395
  • Dec 29, 2010 4:32pm Dec 29, 2010 4:32pm
I think GU fit the criteria as well for a long trade. Wick fell within the 17-30 pip range.
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  • #396
  • Edited 5:15pm Dec 29, 2010 4:49pm | Edited 5:15pm
I think I got it
made 20 pips on GJ and Eu
  • #397
  • Dec 29, 2010 5:20pm Dec 29, 2010 5:20pm
Yes, I am currently in this trade.

Quoting Musashi
I think GU fit the criteria as well for a long trade. Wick fell within the 17-30 pip range.
  • #398
  • Dec 29, 2010 5:21pm Dec 29, 2010 5:21pm
You're doing well!

Quoting dryclean
I think I got it
made 20 pips on GJ and Eu
  • #399
  • Dec 29, 2010 7:47pm Dec 29, 2010 7:47pm
Quoting Dreamliner
Yes, I am currently in this trade.
current bar give 20 pips then drop back -- I miss the initial trade --but I think I will enter now -- price move back to open
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #400
  • Dec 29, 2010 8:09pm Dec 29, 2010 8:09pm
uj trade will be on once price hit open price again
Attached Image (click to enlarge)
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
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