CHOROS System | Page 200 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

CHOROS Interactive 2,625 replies

Money management for CHOROS and other strategies 2 replies

I want to pay off my mortgage asap with Choros 181 replies

3-9% a day with CHOROS? 63 replies

Would you trade this system? New system #2. 10 replies

Attachments: CHOROS System
Exit Attachments

CHOROS System

  • #3,981
  • Feb 15, 2011 2:03am Feb 15, 2011 2:03am
Just took this one at the M15 10, Daily Pivot and a bunch of other squiggly lines from various time frames (I've got MTF M30, H1, H4 and D1 on there..)

There was some nice price action, got it a bit late and almost missed it (mesmerized by the charts again ).

Got 10 on the first bit (Kostas style) because of the previous resistance at that level, and trailing the second.

Attached Image (click to enlarge)
Click to Enlarge Name: gbp-110215-1.jpg Size: 126 KB


Update: Second part SBE+1
  • #3,982
  • Edited 2:22am Feb 15, 2011 2:10am | Edited 2:22am
Quoting bigtent
G'day Kostas,

Pass this on to Clay and see if it is what he is after. It's only basic at the moment, and I haven't had time to test it (compiles OK), so the old rule applies.... "DEMO ONLY!!!!"

For now there are only 2 parameters, Pips_buffer (how many pips above/below previous candle)) and Trail_before_profit (true/false).

I want to add auto SBE+1 after X pips later.
Thanks bigtent. Will do. Does it contain spread?
EDIT: Looked at the code, it seems spread is there.
  • #3,983
  • Feb 15, 2011 2:23am Feb 15, 2011 2:23am
Quoting kostas1
Some points of interest for EU today.
How do you explain these gaps ? There should be no gaps between weekdays, it doesn't make sense. Every time I've seen gaps in forex it was some problem of the platform or the broker. The only gaps should be between Friday night and Sunday evening.
  • #3,984
  • Feb 15, 2011 2:28am Feb 15, 2011 2:28am
Quoting kostas1
Thanks bigtent. Will do. Does it contain spread?
EDIT: Looked at the code, it seems spread is there.
Yes, it's there.

It "snapshots" the spread when it initializes and then at the beginning of each bar.

This is because the spread keeps changing and trailing stops which use the current value of spread end up constantly updating the stop, so you have to have a more constant value.

Looks like the Euro may head north to fill your gaps, Kostas! (Ew! That sounds a bit rude!)
  • #3,985
  • Feb 15, 2011 2:39am Feb 15, 2011 2:39am
Hi guys, good day to u all

1st trade of the day,


GU short at touch of M15 10 EMA,

Half position Entry at 1.6023, stopped out at SL 1.6045 -22.5 pips ( -11.5 pips on full positons)

2nd trade of the day


EU short at M15 10 EMA at 1.34853
added 1 more position at test of H1 10 EMS at 1.34957
Stops at 1.35200

outcome to be updated later...


EDIT: price on EU was too bullish and no retrace was seen. didnt like the PA and cut the trade at 1.3506.

Total for the day

GU = -11.5 pips
EU = -19.3 pips

Total -30.8 pips.


2 losses for the day.
Done for the day.
Will be back again tmr

ADD: freaky PA today~ :x
Attached Images
  • #3,986
  • Feb 15, 2011 2:48am Feb 15, 2011 2:48am
Quoting willkohsg
Hi guys, good day to u all

1st trade of the day,


GU short at touch of M15 10 EMA,
Entry at 1.6023, stopped out at SL 1.6046 -23 pips

2nd trade of the day


EU short at M15 10 EMA at 1.34853
added 1 more position at test of H1 10 EMS at 1.34957
Stops at 1.35200

outcome to be updated later...


EDIT: price on EU was too bullish and no retrace was seen. didnt like the PA and cut the trade at 1.3506.

Total for the day

GU = -11.5 pips
EU = -19.3 pips

Total -30.8 pips.


2 losses for the...
Almost took that, but i was waiting for it to go down to the next level.... (Trade what you see, not what you think!)
  • #3,987
  • Feb 15, 2011 2:51am Feb 15, 2011 2:51am
Quoting bigtent
Almost took that, but i was waiting for it to go down to the next level.... (Trade what you see, not what you think!)
hi bigtent!

i guess it's good and bad for u,

1) good u didnt enter and lose money
2) bad if it was a good trade and u missed it.

anyways there's still a lot of days left for the week and not in a hurry to get everything today


so ur comment (trade wat u see, not wat u think )

is that a reminder to react and not predict the moves? just asking
  • #3,988
  • Feb 15, 2011 2:53am Feb 15, 2011 2:53am
Took this on the retrace to the RN, Weekly pivot and D1 10, H4 50 looked like it would bust, and went in after the bullish M5 candle.

Got 15 in the bag from the first part of the trade, Second part SBE+1 and in danger as I type...


Attached Image (click to enlarge)
Click to Enlarge Name: gbp-110215-2.jpg Size: 138 KB


Second part out for SBE+1 again!
  • #3,989
  • Feb 15, 2011 2:53am Feb 15, 2011 2:53am
basically EU and GU PA on M5 for today
Attached Image (click to enlarge)
Click to Enlarge Name: investor-psychology-illustrated.gif Size: 65 KB
  • #3,990
  • Feb 15, 2011 2:55am Feb 15, 2011 2:55am
Quoting willkohsg
hi bigtent!

i guess it's good and bad for u,

1) good u didnt enter and lose money
2) bad if it was a good trade and u missed it.

anyways there's still a lot of days left for the week and not in a hurry to get everything today


so ur comment (trade wat u see, not wat u think )

is that a reminder to react and not predict the moves? just asking
That's about right.... there's a thread on here somewhere with that title.

Basically, it means don't go by your sentiment, preconceptions, market rumours, whatever..... trade the market as it happens.

It's a good one!
  • #3,991
  • Feb 15, 2011 2:57am Feb 15, 2011 2:57am
Quoting bigtent
That's about right.... there's a thread on here somewhere with that title.

Basically, it means don't go by your sentiment, preconceptions, market rumours, whatever..... trade the market as it happens.

It's a good one!
yeap agreed with u..
awww i missed that GU long u took.. i must tell myself to try again tmr
keeping to my rules.. green pips to all and thanks for sharing ur trade bigtent
  • #3,992
  • Feb 15, 2011 3:00am Feb 15, 2011 3:00am
Quoting willkohsg
basically EU and GU PA on M5 for today
Hey, reading my mind and publishing it on the Internet is an invasion of privacy, Mr Wikileaks!
  • #3,993
  • Feb 15, 2011 3:04am Feb 15, 2011 3:04am
Quoting micmic
How do you explain these gaps ? There should be no gaps between weekdays, it doesn't make sense. Every time I've seen gaps in forex it was some problem of the platform or the broker. The only gaps should be between Friday night and Sunday evening.
the gap is between Friday 11 Feb and Monday 14 Feb (your sunday)
so its normal
  • #3,994
  • Feb 15, 2011 3:18am Feb 15, 2011 3:18am
Quoting bigtent
Hey, reading my mind and publishing it on the Internet is an invasion of privacy, Mr Wikileaks!
ur secrets are safe with me
  • #3,995
  • Feb 15, 2011 3:20am Feb 15, 2011 3:20am
Quoting asos101
the gap is between Friday 11 Feb and Monday 14 Feb (your sunday)
so its normal

Yes, I noticed it later. But in my charts that gap is much smaller. So I took a look at the lower time frames and I think that Kostas's broker (or platform) doesn't display the Sunday candles. That's why his gap is bigger.
  • #3,996
  • Feb 15, 2011 3:43am Feb 15, 2011 3:43am
OK, not really dance, but more of a breakout of sorts.

The price action on the M1 and M5 had me convinced that this was going to bust the H4 10 and the H1 50, and when it did it was likely to make a fair move so I went for it, and played the stop very tight.

Just over 15 pips on the first half, took around 14 on the second (manually split a single trade) as I didn't want to risk losing and I have a fair swag of pips for today.

Attached Image (click to enlarge)
Click to Enlarge Name: EURO-110215-1.jpg Size: 130 KB
  • #3,997
  • Feb 15, 2011 3:46am Feb 15, 2011 3:46am
Quoting bigtent
G'day Kostas,

Pass this on to Clay and see if it is what he is after. It's only basic at the moment, and I haven't had time to test it (compiles OK), so the old rule applies.... "DEMO ONLY!!!!"

For now there are only 2 parameters, Pips_buffer (how many pips above/below previous candle)) and Trail_before_profit (true/false).

I want to add auto SBE+1 after X pips later.
Hi bigtent,

May I ask you if this is a script or EA? Can it be used as a stand-alone code, or some other script/template/etc. has to be in place before using this?

Is there any description about this before, or this is a brand new code?

cheers,

kk007

P.S. What is SBE+1? Why BE need to be +1?
  • #3,998
  • Feb 15, 2011 4:32am Feb 15, 2011 4:32am
I'm long in USDCHF and short in USDJPY. USD has to do delicate maneuvers to prove me correct
  • #3,999
  • Feb 15, 2011 5:29am Feb 15, 2011 5:29am
Quoting kk007
Hi bigtent,

May I ask you if this is a script or EA? Can it be used as a stand-alone code, or some other script/template/etc. has to be in place before using this?

Is there any description about this before, or this is a brand new code?

cheers,

kk007

P.S. What is SBE+1? Why BE need to be +1?
It's code I knocked up this afternoon, so I suppose you could say it's brand new.

It's an EA and if you put it on a chart it will trail the trade on that chart's currency. Note, that there is no provision for other trades on the same pair, so ALL open trades on that pair will be handled the same! I can fix that, but it'd mean setting a MAGIC number in the trade when it is opened, to distinguish it from others.

SBE+1 is a from the Dance. If it comes back that far it will probably take the trade out, so why set it at 0 when you can pinch a pip...!
  • #4,000
  • Feb 15, 2011 5:33am Feb 15, 2011 5:33am
Had an earlier loss of -19p, but this Endroute-style bounce from the M5 gave me +58p. I stayed so long in the trade due to the M5 gap.
EDIT: 5% of the trade still open shooting for daily R2
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.JPG Size: 127 KB
8 traders viewing now