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Attachments: The Small Hours System V 3.0
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The Small Hours System V 3.0

  • #21
  • Feb 16, 2011 12:39pm Feb 16, 2011 12:39pm
Quoting Colostarr
The time your broker is on is un-important! What is important are the candle setups!
Many thanks ! USDJPY triggered for me at 88,9. Got stop out ! Let see next trade...
  • #22
  • Feb 16, 2011 1:28pm Feb 16, 2011 1:28pm
Anyone has the AUDUSD(H4) trade? sell setup? i know, 1.5hours ago just want confirmation if someone placed his/her orders?
  • #23
  • Feb 16, 2011 1:53pm Feb 16, 2011 1:53pm
I'm showing the range larger then the ATR. So at least for me, it doesn't or didn't qualify.

thx,
todd

Quoting ido370
Anyone has the AUDUSD(H4) trade? sell setup? i know, 1.5hours ago just want confirmation if someone placed his/her orders?
  • #24
  • Feb 16, 2011 2:01pm Feb 16, 2011 2:01pm
Quoting todd960960
I'm showing the range larger then the ATR. So at least for me, it doesn't or didn't qualify.

thx,
todd
i got this (some time ago... see timer):
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2011-02-16 om 21.00.28.png Size: 55 KB
  • #25
  • Feb 16, 2011 4:37pm Feb 16, 2011 4:37pm
new one?
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2011-02-16 om 23.36.05.png Size: 55 KB
  • #26
  • Feb 16, 2011 6:25pm Feb 16, 2011 6:25pm
Hi Colostarr,

Looks like the thread moved again.

I think you have to contact the admin of this forum and tell them that you've changed the rules, entry and exit so it's a completely different system from the one you bought.
  • #27
  • Feb 16, 2011 9:13pm Feb 16, 2011 9:13pm
Twee sent me an e-mail. I explained it to him. I told him that I started another thread. I also put a disclaimer at the very bottom of my first post. Not sure? I will send him another e-mail.

Quoting the-game
Hi Colostarr,

Looks like the thread moved again.

I think you have to contact the admin of this forum and tell them that you've changed the rules, entry and exit so it's a completely different system from the one you bought.
  • #28
  • Feb 17, 2011 5:54pm Feb 17, 2011 5:54pm
wow, just changed to H1 timeframe, looking great:
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2011-02-18 om 00.50.45.jpg Size: 242 KB


Colostarr, dont know if you followed the indicator progress, but latest version is here: http://www.forexfactory.com/showthre...=280908&page=5.

It is updated with you new rules btw.
  • #29
  • Feb 17, 2011 6:06pm Feb 17, 2011 6:06pm
I'm using a mixture of H1, H4 and D1 on all 6 majors as they have the lowest consistent spreads.

Currently on a EU D1 long - Pending on EU H4 short, AU H1 long, UJ D1 long

I'm beginning to think though that for H1 trades, we should be using the original Small Hours method as the stops are too tight on H1 due to the smaller hh3-ll3 range on that timeframe.
  • #30
  • Feb 17, 2011 9:51pm Feb 17, 2011 9:51pm
ido370,
Thank you. I was so dis-heartened that they moved my thread again I had actually stopped coming in. Glad to see the select few loyal readers are still coming by!

I will check out the indicator! And YES I have used the small hours method on the 1H timeframes as well.

Great job on the coding!

Quoting ido370
wow, just changed to H1 timeframe, looking great:
Attachment

Colostarr, dont know if you followed the indicator progress, but latest version is here: http://www.forexfactory.com/showthre...=280908&page=5.

It is updated with you new rules btw.
  • #31
  • Feb 17, 2011 10:08pm Feb 17, 2011 10:08pm
Thank you for telling me that this thread was still active! I am trying to get it moved back to the systems thread. Until then here we are!

Yes I concur that the new SL's can be too tight for some trades.

As I told you via PM, I had USDJPY long on the 4h and got stopped out only to watch the pair reverse and hit what would have been my TP1.

Use the original SL!

Also as to the TP targets. I tweaked this a little bit and only to my liking use it if you like.

I am patient as heck in waiting for price to come to me. But once a trade triggers, I am impatient as hell! I like to watch my TP's get taken out. So I tighten the TP's as follows:

TP1: .50 x ATR of most recently closed candle
TP2: .75 x ATR of most recently closed candle

I found that if price moves more than 75% of the fibonacci level of HH5-LL5, into the profit level it almost ALWAYS hits TP1 (previously .75 x ATR)

Knowing this I adjusted accordingly the TP levels. 2 Trades triggered yesterday for me (AUDUSD and USDJPY) and both trades took out both TP's inside of 20 minutes. I walked away from my computer came back about 20 minutes later ALL 4 trades were closed and pips were banked!

I didn't even have time to move my stops BE!

I can't say I've always been a fan of the TP2...I HATE waiting and most of the time I would close the second trade manually anyway!

Quoting the-game
I'm using a mixture of H1, H4 and D1 on all 6 majors as they have the lowest consistent spreads.

Currently on a EU D1 long - Pending on EU H4 short, AU H1 long, UJ D1 long

I'm beginning to think though that for H1 trades, we should be using the original Small Hours method as the stops are too tight on H1 due to the smaller hh3-ll3 range on that timeframe.
  • #32
  • Feb 17, 2011 10:13pm Feb 17, 2011 10:13pm
So what's the point of TP2? Why not just create one trade based on ATR*0.75?

Or create a trade of twice the lotsize based on 0.5*ATR?
  • #33
  • Feb 18, 2011 12:51am Feb 18, 2011 12:51am
Hi,
Is it enough that the bar closes on the other side of the both ma´s, or do the ma´s need to be crossed also ?

Regards
  • #34
  • Feb 18, 2011 1:54am Feb 18, 2011 1:54am
As I stated before I tweaked the TP rules for my own use. Continue to use the original rules if you see fit! I did have 1 trade come to within .5 pips of a TP 1, then reverse and hit SL -22 pips x 2 trades total -44 pips, managed risk and moved SL to HH3, but the pair was moving sideways...and slowly!

Had I been using the shorter TP's this would not have happened. I would have at least broke even on the remaining order and seen a profit on the first.

Again - this is how I choose to trade this method. Getting +50 pips with this method is better than +25 and 1 B.E.....Just my humble opinion!

Risk management is the first most important rule, remember?

Rule 1: Manage risk first!
Rule 2: Take profits second!

Both were accomplished here!

Quoting the-game
So what's the point of TP2? Why not just create one trade based on ATR*0.75?

Or create a trade of twice the lotsize based on 0.5*ATR?
  • #35
  • Feb 18, 2011 1:57am Feb 18, 2011 1:57am
Using MA cross is a way to further validate your signal direction. They lag a bit, but is a strong indication that price is getting ready to change direction. Especially a 4H MA cross!

Quoting again
Hi,
Is it enough that the bar closes on the other side of the both ma´s, or do the ma´s need to be crossed also ?

Regards
  • #36
  • Feb 18, 2011 7:44am Feb 18, 2011 7:44am
hi colostarr

im following your original rules, i like the look of this strategy
  • #37
  • Feb 18, 2011 8:21am Feb 18, 2011 8:21am
Thank to share your strategy.

Do you have the ratio % win/loss in number of pips? also , Is it possible to modify your indicator for to give us the difference bethween price input and sl. It will be more easy to calcul the lot size.

Is it possible also to change the color inside the rectangle?
  • #38
  • Feb 18, 2011 8:31am Feb 18, 2011 8:31am
Hi colorstarr, do you have a template for the strategy? Can you give me more explication about the setup bar?

Thank.
  • #39
  • Edited 3:22pm Feb 18, 2011 1:48pm | Edited 3:22pm
This very painful trade had been a loss if all rules would be obeyed (if SL had been moved by 3 last candles). But with leaving hard stop alone, it worked out until TP2.
It is up to anyone's decision how tight they want the SL to be. With present market conditions, I suggest to give as much room for any higher TF trade as possible.

Have a nice weekend everybody!
Attached Image (click to enlarge)
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  • #40
  • Feb 18, 2011 2:24pm Feb 18, 2011 2:24pm
Quoting Indrek
This very painful trade would be a loss if all rules would be obeyed (SL moved by 3 last candles). It is up to anyone's decision how tight they want the SL to be. With present market conditions, I suggest to give as much room for any higher TF trade as possible.

Have a nice weekend everybody!
True, daily signal of EURUSD didn't exactly work out:
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2011-02-18 om 21.17.33.png Size: 36 KB
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