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Profit All Day System

  • #41
  • Jan 24, 2011 8:52pm Jan 24, 2011 8:52pm
The only change I've made to this system is that I've multiplied the EMA periods by 3 to save me the hassle of switching from the M5 TF to the M15 TF.

You can also do this if you're trading off the H4 TF, just multiply the EMA periods by 6 to get the D1 EMAs
  • #42
  • Jan 24, 2011 9:15pm Jan 24, 2011 9:15pm
Quoting jimbnc
Hey Cubby,,

Would you like to do a video on your system? I have a trading room and I can record the video when you explain it..I can then post the video on my server and all of the FF kiddies can look at it..It saves on multiple posts..Just let me know this week and we can schedule it for the next few nights..Take care..my email is [email protected]

take care

Jimmy
I may take you up on this although it scares me to be throwing this way of trading around if it's being sold as a retail forex system....
  • #43
  • Jan 24, 2011 9:19pm Jan 24, 2011 9:19pm
I'm thinking of creating an EA based on this trading method as it looks to be 100% mechanical.
  • #44
  • Jan 24, 2011 9:23pm Jan 24, 2011 9:23pm
Quoting whatfx
but, the angle of seperation on the 15m will only show up AFTER the trade has taken place on the 5m. so how do you decide whether or not to take the 5m trade if the angle of seperation hasn't occured yet ? the angle of seperation on 15m would not have occured yet. so how do you decide ?


you mentioned about trading 15m and 1hr. when would you trade this as opposed to trading 5m and 15m ?


what are the best times to trade this system ? surely you cannot be glued to the computer all day looking for setups ?


do you have a set of results for...
Because of trading this system so much I can actualy tell how and when the EMA's will have decent spacing on 15 min timeframe. I usualy have a pending order going on the last swing level on 5 min chart when I know that the spacing on the 15 min time frame will be enough.

The safest times to trade this system is in the early NY or euro session. You want trends and movement. The larger the spacing of the ema's on the confirming time frame the more likely your trade will be a winner.
  • #45
  • Jan 25, 2011 12:45am Jan 25, 2011 12:45am
yup thats a great idea, we can see exactly what he's talking about.
cubbygood what time do you look for these setups? do you look at the 15 minute as your main chart and wait for a cross, how do you begin to look for the setups?
  • #46
  • Jan 25, 2011 12:48am Jan 25, 2011 12:48am
oh my bad, saw that you just answered that
  • #47
  • Jan 25, 2011 1:12am Jan 25, 2011 1:12am
can someone clarify, aRE WE LOOKING FOR AN ANGLE OF SEPERATION between the 3,5 and 13? because there isn't any seperation between the 3 and the 5, they are way to close at all times for you to see any seperation.
  • #48
  • Jan 25, 2011 1:41am Jan 25, 2011 1:41am
G'day Cubby,

I just tried your Profit All Day setup & grabbed an easy 12 pips!
I'll keep an eye on it and see if I can grab any more.

Many thanks for posting this one.
Attached Image (click to enlarge)
Click to Enlarge Name: pad_test1.jpg Size: 60 KB
Australians wouldn't give a 'Forex' for anything else...
  • #49
  • Jan 25, 2011 1:59am Jan 25, 2011 1:59am
Quoting dappa
can someone clarify, aRE WE LOOKING FOR AN ANGLE OF SEPERATION between the 3,5 and 13? because there isn't any seperation between the 3 and the 5, they are way to close at all times for you to see any seperation.
Separation is a way of seeing the power of the trend even on 3 & 5.
Use the + in a circle at the top of your chart to see better.

Some people use the 3 x 5 cross to decide that the trend is changing and us it as a trigger for a trade.
  • #50
  • Jan 25, 2011 5:22am Jan 25, 2011 5:22am
Quoting kickarz
G'day Cubby,

I just tried your Profit All Day setup & grabbed an easy 12 pips!
I'll keep an eye on it and see if I can grab any more.

Many thanks for posting this one.
am glady ppl are looking into this trade and working on it too. did u watch the M15 chart to see the set up too?
  • #51
  • Jan 25, 2011 5:59am Jan 25, 2011 5:59am
Simple yet effective method.
  • #52
  • Jan 25, 2011 6:14am Jan 25, 2011 6:14am
Quoting thunderwolf
Hi,
EMA's are all set to close. CCI and Fractals are standard indicators in MT4.
In the indicators folder look under Trend and you'll find Commodity Channel Index { CCI }. Then look under Bill Williams and you'll find Fractals. OK?
thanks thunderwolf !
  • #53
  • Jan 25, 2011 6:21am Jan 25, 2011 6:21am
Quoting Cubbybgood
I may take you up on this although it scares me to be throwing this way of trading around if it's being sold as a retail forex system....
i think you should just stick to forexfactory.....seriously.
  • #54
  • Edited 6:48am Jan 25, 2011 6:47am | Edited 6:48am
here is MTF CCI if anyone needs it on M5 chart
Attached File(s)
File Type: mq4 #MTF_CCI.mq4   4 KB | 1,035 downloads
  • #55
  • Jan 25, 2011 6:47am Jan 25, 2011 6:47am
Quoting webglobe
am glady ppl are looking into this trade and working on it too. did u watch the M15 chart to see the set up too?
Yes - entry was the M5 but looked at the M15 to make sure there was a some seperation on the EMAs.
Watched this setup for a couple more hours today and was able to TP on another 2 trades

Thanks again Cubby.
Australians wouldn't give a 'Forex' for anything else...
  • #56
  • Jan 25, 2011 7:03am Jan 25, 2011 7:03am
hey guys, I'm awake and currently looking for set ups.

Looking at the charts. Not sure if this down trend is going to continue. I'm looking for entry's on both 5 and 15 min time frames right now...

There are usualy about 2-3 set ups on the 15 min time frame a day and about 3-6 on the 5 minute
  • #57
  • Jan 25, 2011 7:05am Jan 25, 2011 7:05am
on it for now
Attached Image (click to enlarge)
Click to Enlarge Name: hh.gif Size: 45 KB
  • #58
  • Jan 25, 2011 7:05am Jan 25, 2011 7:05am
2 big set ups possibly coming on the EU and GU!
  • #59
  • Jan 25, 2011 7:07am Jan 25, 2011 7:07am
Quoting webglobe
on it for now
webglobe, why did you enter this trade?

I saw no setup yet....

Explain...
  • #60
  • Jan 25, 2011 7:16am Jan 25, 2011 7:16am
Quoting Cubbybgood
webglobe, why did you enter this trade?

I saw no setup yet....

Explain...
thanks for asking i like to learn plz ...
well i saw that the EMA's crossed in both 15mins and 5mins also the CCI's are both below -90 on both TF.

plz correct .i will be glady.thanks again
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