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Two Reversal Bar Entry System

  • #81
  • Jan 16, 2011 11:00pm Jan 16, 2011 11:00pm
and the fxcm ea''s all go broke ,in eurusd,no wonder they want us to use them,bastards so they can take the other side,i dont trust them,not even fxcm,in 2009 they had a lawsuit againts them on cheating by changing the price and lying in the commercials all ove the web
  • #82
  • Jan 16, 2011 11:31pm Jan 16, 2011 11:31pm
Quoting dragan53
and the fxcm ea''s all go broke ,in eurusd,no wonder they want us to use them,bastards so they can take the other side,i dont trust them,not even fxcm,in 2009 they had a lawsuit againts them on cheating by changing the price and lying in the commercials all ove the web
casinos...
http://t2.gstatic.com/images?q=tbn:A...uvSDYBgnN413LA
  • #83
  • Jan 16, 2011 11:59pm Jan 16, 2011 11:59pm
awesome oscillator is just the worst ea for volatile pairs esp gbpusd,usdjpy,eurusd,......,.u name it
  • #84
  • Edited 3:06am Jan 17, 2011 12:30am | Edited 3:06am
the short was good
+20 and +50 and still going..
there are very few bad entries with this strategy.
There are bad entry signals, but very few...
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  • #85
  • Edited 3:04am Jan 17, 2011 1:08am | Edited 3:04am
It is reasonable to expect to see a possible 2 or 3 signals per day. One for each of the main markets...
As confidence builds that the signals are good I'll be able to stay in the trade and not get jitters to jump out if there is some volatility. Like this morning.

More simulated trading. Build confidence.
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  • #86
  • Jan 17, 2011 4:32am Jan 17, 2011 4:32am
maybe the ao ea is bad,because the bill williams system is not suppoed to be following one indi,it has two follow 2 or 3,main ones are gator oscillator and awesome oscillator,i always knew that they were great,because he got rich of it,and hes book is mostly about science,he compares it to trading ,smart guy,if u ask me hes abit like us,not one of those with one cube closed in brain,i mean how can all these noobs will bill ,hes got the best indis
  • #87
  • Jan 17, 2011 4:37am Jan 17, 2011 4:37am
u know jiva,im getting pissed off at all this crap on ff,one day when i make my own thread and pour all my wisdom into it,im gonna call it farting in the wind,and no noobs and spammers will even come close to it,heheh
  • #88
  • Jan 17, 2011 4:38am Jan 17, 2011 4:38am
http://www.appeschool.com/images/windsurfing.jpg
  • #89
  • Jan 17, 2011 4:47am Jan 17, 2011 4:47am
Quoting dragan53
u know jiva,im getting pissed off at all this crap on ff,one day when i make my own thread and pour all my wisdom into it,im gonna call it farting in the wind,and no noobs and spammers will even come close to it,heheh
  • #90
  • Jan 17, 2011 5:38am Jan 17, 2011 5:38am
Confidence. That's what I need to make my strategy successful. Confidence in the strategy.
amazing how significant that is to be successful.
so more practice. to gain confidence.
Today I missed anice trade because I exited too early, fearful that the trade might not be good. Missing confidence.
So tomorrow we try again.
the simulator shows what this strategy can do. If I will let it do it....
Confidence is the missing ingredient. Who who have thought it would such an important piece of the puzzle?
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  • #91
  • Jan 17, 2011 6:55am Jan 17, 2011 6:55am
when ur a loosign trader,confidence is all u need to loose even more,hehe,lol


but for guys that have it in them,confidence is the key to success
  • #92
  • Jan 17, 2011 7:32am Jan 17, 2011 7:32am
Quoting dragan53
when ur a loosign trader,confidence is all u need to loose even more,hehe,lol


but for guys that have it in them,confidence is the key to success
The turning point is when the confidence is in the strategy not in oneself.
That's how the emotional swings are avoided. Now I lost now I won.
It is confidence in the strategy. And the confidence will be well placed if indeed the strategy is good.
I felt my fear this morning not of losing per se, I mean really it was micro with $4 at risk...
Hardly enough to panic over.
But the fear was that the strategy would prove wrong on the first live attempt and then my confidence in "it" would be shaken and I would be tempted to abandon it and then have to go through the whole thing of rummaging through piles of whatever to find something else that looks like it might work.
When I want it to be this one.
So that was why I didn't want to take a chance that it might be bad trade on a day when there is US holiday and no data.
But now my confidence in the strategy is even stronger, that even on a dumb day like today it was a good signal.
But nagging in the back of my mind I still feel like it will win win win in demo and simulator and as soon as I trade live it will bomb.
I don't want it to bomb!!! Not on the first trade live............................
Noooooooooooooooooooooooooooooooo!!!!
Eeeeeeeeeeeeeeouuuuuuuuuuuuuuuuuuuuuu!!!

Tomorrow is DDay...
http://ts3.mm.bing.net/images/thumbn...2c90&index=ch1
  • #93
  • Jan 17, 2011 7:54am Jan 17, 2011 7:54am
hi jiva
sorry for my english but I'm not native speaker.
please, could you explain better your ts set up? are you looking for 5 pip up or down from a 4H candle or 15 minutes candle?
thanks in advanced for your answer
  • #94
  • Jan 17, 2011 8:27am Jan 17, 2011 8:27am
Quoting dragan53
a whole lot of loosers
http://forexforums.dailyfx.com/exper...-advisors.html

the backetseted one is awesome oscillator
Hi dragan,

The DailyFX Forum has a list of free EA's based on common indicators included in the MT4 platform. But as with any indicator, you have to backtest and expirment with the settings to find an optimal strategy that you're comfortable with. The MT4 platform comes pre-installed with a sample moving average and MACD EA, but in the same spirit, you shouldn't expect either to be the holy grail to trading since they are simply examples upon which you can test and explore basic automated trading.

In addition to the list you mentioned, there are more basic EA strategies for the Strategy Trader platform which you can test and experiment with http://forexforums.dailyfx.com/free-trading-strategies/

-Jason
  • #95
  • Jan 17, 2011 2:27pm Jan 17, 2011 2:27pm
Quoting malatesta
hi jiva
sorry for my english but I'm not native speaker.
please, could you explain better your ts set up? are you looking for 5 pip up or down from a 4H candle or 15 minutes candle?
thanks in advanced for your answer
Si parla inglese meglio di me italiano, ne sono sicuro. I cheat quando ho bisogno di tradurre con Google
http://translate.google.com/#it|en|

The signals are generated on the 4hr chart. Little tricky because 4 hr candles form differently according to broker gmt. I am using fxxd +2 gmt. The candles form at really good times in terms of market times.
The 5 pips is from the opening of the second candle in reversal direction on the 4hr. The indicator will automatically calculate this and print the arrows.
I manage the trade on the 15 minute chart. Moving stops accordingly.
Hope that helps.
Thanks for your interest, Keep us informed of your experiences.

If someone has a broker gmt that is not giving good results for the 4hr candles one way around it would be to open a demo with a gmt +2 broker and take the signals in that demo account but actually trade in their broker's account.
(When they are actually ready to trade live. That is when they are confident enough of the system).
  • #96
  • Jan 17, 2011 3:11pm Jan 17, 2011 3:11pm
I have loaded the indicator it shows arrows and 2 lines above and below and rd and green dots where is the signal entry is it on first arrow or any time or break of dots - not clear[
quote=jiva34;4320603]Si parla inglese meglio di me italiano, ne sono sicuro. I cheat quando ho bisogno di tradurre con Google
http://translate.google.com/#it|en|

The signals are generated on the 4hr chart. Little tricky because 4 hr candles form differently according to broker gmt. I am using fxxd +2 gmt. The candles form at really good times in terms of market times.
The 5 pips is from the opening of the second candle in reversal direction on the 4hr. The indicator will automatically calculate this and print the arrows.
I manage the trade on the 15 minute chart. Moving stops accordingly.
Hope that helps.
Thanks for your interest, Keep us informed of your experiences.

If someone has a broker gmt that is not giving good results for the 4hr candles one way around it would be to open a demo with a gmt +2 broker and take the signals in that demo account but actually trade in their broker's account.
(When they are actually ready to trade live. That is when they are confident enough of the system).[/quote]
  • #97
  • Jan 17, 2011 3:32pm Jan 17, 2011 3:32pm
Quoting censura
I have loaded the indicator it shows arrows and 2 lines above and below and rd and green dots where is the signal entry is it on first arrow or any time or break of dots - not clear[
quote=jiva34;4320603]Si parla inglese meglio di me italiano, ne sono sicuro. I cheat quando ho bisogno di tradurre con Google
http://translate.google.com/#it|en|

The signals are generated on the 4hr chart. Little tricky because 4 hr candles form differently according to broker gmt. I am using fxxd +2 gmt....
[/quote]

Yes, the lines above and below can be set in the indicator settings. They are to show desired stop and limit. I do not use them. So I set them to zero and make the color "none".

The arrows show the point at which 5 pips has been reached. So the arrows mark the entry point.
  • #98
  • Jan 17, 2011 3:37pm Jan 17, 2011 3:37pm
The 200 ema is such a powerful support/resistance area.
Prices are drawn to it like iron filings to a magnet.
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  • #99
  • Jan 17, 2011 3:50pm Jan 17, 2011 3:50pm
The 4hr signals are very strong. But they do not occur all that often. It may be that the signal is missed or a trade is completed but the move is still in tact. So then how to get back in?
On a pull back of course. But how do we find the pullbacks with some level of certainty?
Here I have added another setting for the indicator.
the 60 min setting shown in dark blue arrows.
I would not take an initial entry position based on the 1 hr since it has many more false signals. The 4 hour is for that. But when the 60 min setting is used to find a pullback in an established trend it is very useful.
Like in the chart.
So I will be looking at this over the next little while.
3 of the 4 one hour reentry signals coincide perfectly with market openings...
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  • #100
  • Jan 17, 2011 4:26pm Jan 17, 2011 4:26pm
What generates the dark blue arrows? Do we change settings on 2rev bar indicator? Thanks Paul
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