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Profit All Day System

  • #1,201
  • Feb 18, 2011 5:49am Feb 18, 2011 5:49am
Quoting matlobien
Hi Guys.

I have been trading this system for the past 2 weeks.

I can only trade from 5 GMT till 11 GMT. ( 3 Hours before and after London open)

I trade it as per Chubby rules.

I only take trades on the 5 and 15 min charts and take full profit at TP.

Results for this week:

Monday
4 winners

Tuesday
1 loser
2 winners

Wednesday
1 winner

Thursday
4 winners

Friday
2 winners

Risking only 3 % per trade, my account grew more than 15 %.

I see a lot of debate on this thread.

This is truly one of...
This week was a losing week.

-3 %

  • #1,202
  • Feb 18, 2011 6:18am Feb 18, 2011 6:18am
Quoting ReaM
Thanks, John!



Please, everyone, post screens of losers! Very important! Not to bash the system (lol), but to learn.

I knew the reason for the following trade to be a loser: CCI divergence. We have a chat room and I wrote there: there is a strong CCI Divergence, and instead of getting out I let the trade run into SL (and I was in small profit when I saw divergence)

I was late (that was fourth trade) and I traded against divergence.

Otherwise other trades were good.
are you using a 14 period CCI? isn't the entry based on a 24 period CCI?
  • #1,203
  • Edited 7:25am Feb 18, 2011 7:01am | Edited 7:25am
Quoting jmw1970
Hi All

couple of people have asked on the chat what i use as a order manager and if i can upload it, here it is:-

it allows you to move the entry prices of pending orders by dragging a line
it allows the setting of target levels to jump the stop loss
it uses hidden stops and tp values (so your broker does not know your actuals)

NOTE:- This automatically adjusts for 4,5 & 6 digit brokers - all values must be in PIPS, it will be automatically converted to the correct points value

Parameters
xi_SoftStop.Pips - this is the number of pips from...
big thanks for the ea
  • #1,204
  • Feb 18, 2011 8:18am Feb 18, 2011 8:18am
Quoting RonaldPaul
Looks Like Cubby is starting a new thread and a new system.
Could you please tell me where this thread is?
Thanks!
  • #1,205
  • Feb 18, 2011 9:08am Feb 18, 2011 9:08am
Hi all

as discussed on the chat, indicator that displays the current and previous highs for the other time frames

Regards
John
Attached File(s)
File Type: ex4 !MTF Fractal Levels.ex4   9 KB | 446 downloads
  • #1,206
  • Edited 9:29am Feb 18, 2011 9:12am | Edited 9:29am
Quoting brightside
are you using a 14 period CCI? isn't the entry based on a 24 period CCI?
I don't use CCI for entries at all. Depending on one's knowledge level, he/she should use it. I've always used 14, I know it's behavior better, so I just stick with it.

There was a divergence with 24 perioud too
I found a penny today. That's +100 pips for me.
  • #1,207
  • Feb 18, 2011 10:32am Feb 18, 2011 10:32am
Quoting jmw1970
Hi all

as discussed on the chat, indicator that displays the current and previous highs for the other time frames

Regards
John
Thanks a lot!
You've always been helpful
  • #1,208
  • Feb 18, 2011 12:37pm Feb 18, 2011 12:37pm
How many times can we enter on a valid signal on the 5 minute/15 minute chart.

Dutchsignals
  • #1,209
  • Feb 18, 2011 2:15pm Feb 18, 2011 2:15pm
Quoting dutchsignals
How many times can we enter on a valid signal on the 5 minute/15 minute chart.

Dutchsignals
why would you need to enter more than once? if you enter and are stopped out why would you want to enter at that signal again?

Regards
John
  • #1,210
  • Feb 18, 2011 2:53pm Feb 18, 2011 2:53pm
Hi All

further to discussions in the chat room

as a continuation of the mtf fractal indicator above, i have created another one which is otf fractal (other time frame)

entry parameter is the timeframe, it must be larger than the timeframe you place the indicator on

this will display (default is dots) for all bars on your chart what the appropriate upper & lower fractal value was at that bar time, (in case you wish to backtest some strategies which uses target based logic)

why would we need this?? good question and i cannot answer why you might need it, but this is how i use it in relation to cubbys method

i do not set a tp based on 50% of the stop loss as recommended by cubby, i set targets (not tp's) based on the next support/resistance level whether it be at the time frame i am on, or a higher one.

you can add the same indi multiple times, so if like me you trade the 5/15 you can add to your chart the fractals for 1hr,4hr,Daily for example.

as with all indi's i produce, if you dont need it, dont use it.

Regards
John
Attached File(s)
File Type: ex4 !OTF Fractal.ex4   3 KB | 438 downloads
  • #1,211
  • Feb 18, 2011 3:07pm Feb 18, 2011 3:07pm
Here is one of the rules Cubbybgood wrote somewhere in the thread:

The HIGHER the timeframe, the more valid are the signals.
Today, ALL London Session M15 signals were winners.

Another rule:

If your main timeframe is in range, look at entry on the timeframe lower or BETTER sit on the fence.


I really really recommend to switch to M15 from M5. Give it a try next week on demo!
The better one becomes at understanding the market, the higher timeframes will he use. On M1, you don't see sheait. You don't see no channels, you don't see trendlines, you see noise that is hard to analize.
The smallest TF one should be looking at is M15 and I think if to squeeze it a little, you can see all the trendlines of H4 etc.
I found a penny today. That's +100 pips for me.
  • #1,212
  • Feb 19, 2011 4:35am Feb 19, 2011 4:35am
hi there..this is a very good thread....have spent 2 days reading this thread..
just a few quick questions..

how many people in here are using this system LIVE ? reason of asking this is because i am trying out in demo and it shows good results.. however am afraid that it might not turn out the same in LIVE due to (some brokers have different quotes for buy/sell and also some might be SL hunter)

1 more question is.. FOR example, if a buy trade..,
does the cci MUST just reach rise above 90 at the time to place a trade ?
reason of askin is because, at times, when EMA and CCI is above 90 but it hasnt cross the swing..only maybe 2 more candles away only start to break the cross..
but CCI is already above 90 2 candles away..thanks!
  • #1,213
  • Feb 19, 2011 10:37am Feb 19, 2011 10:37am
Quoting nikita
hi there..this is a very good thread....have spent 2 days reading this thread..
just a few quick questions..

how many people in here are using this system LIVE ? reason of asking this is because i am trying out in demo and it shows good results.. however am afraid that it might not turn out the same in LIVE due to (some brokers have different quotes for buy/sell and also some might be SL hunter)

1 more question is.. FOR example, if a buy trade..,
does the cci MUST just reach rise above 90 at the time to place a trade ?
reason of askin is because,...

Hi

a number of people are using this in live, myself included, you need to determine whether your broker is one that you need to protect yourself against sl hunting, requotes etc.

On your cci question the rule is above 90 (or below -90 for sell), it does NOT have to just crossed, the cross can occur earlier.

You may want to consider joining the group chat if you are serious about trying this method out... it is always helpful to be able to get responses in pretty much realtime when trying something new.

Regards
John
  • #1,214
  • Feb 19, 2011 11:59am Feb 19, 2011 11:59am
Guys, I'm trying to code an EA for trade entry and trade management after I confirm the trend in the higher TF. I need to manually select 3 points (1-2-3) on the chart before the EA becomes active. since I'm not a professional coder, can someone with more experience tell me if there's any way to do this? it's something like entering 3 points in Andrew's Pitchfork or 2 points in fibonacci which are both MT4 built-in tools.

any help or advice is appreciated.
  • #1,215
  • Feb 20, 2011 3:27am Feb 20, 2011 3:27am
Quoting nikita
hi there..this is a very good thread....have spent 2 days reading this thread..
just a few quick questions..

how many people in here are using this system LIVE ? reason of asking this is because i am trying out in demo and it shows good results.. however am afraid that it might not turn out the same in LIVE due to (some brokers have different quotes for buy/sell and also some might be SL hunter)

1 more question is.. FOR example, if a buy trade..,
does the cci MUST just reach rise above 90 at the time to place a trade ?
reason of askin is because,...
Try LFH offline trading simulator. If you can double your test account in 3 month of worth of data, you are good to go. Worry about broker and taxes later.
I found a penny today. That's +100 pips for me.
  • #1,216
  • Feb 20, 2011 4:20am Feb 20, 2011 4:20am
Quoting FXwinner
Guys, I'm trying to code an EA for trade entry and trade management after I confirm the trend in the higher TF. I need to manually select 3 points (1-2-3) on the chart before the EA becomes active. since I'm not a professional coder, can someone with more experience tell me if there's any way to do this? it's something like entering 3 points in Andrew's Pitchfork or 2 points in fibonacci which are both MT4 built-in tools.

any help or advice is appreciated.
im not a coder but in this ea 1,2,3 points working
Attached File(s)
File Type: mq4 Opto123 EA v1.3.mq4   30 KB | 427 downloads
  • #1,217
  • Feb 20, 2011 4:42am Feb 20, 2011 4:42am
I want to make another exercise.

For EURUSD I chose the week of January 24-28 as it was a perfect week to trade. Set you LFH to one day before and one day after and let me know if you have the same results.

Important: hide prices behind the MT window, so you don't see what price the pair has right now. Take every vaild entry possible. After two wins a day, move to the the next day. Important: trade only hours you normally trade. I traded 1h 30m before London open until London close. That's 1:30EST-12:00EST. I did not apply any MM, as it is too much work, I only cared about winners. In weak market I closed 0.5 of position at 3:1 RR, then another half of it at 2:1 and the rest I let run until I felt comfortable closing it (I got it from James16 thread). Otherwise use 70% 30%.

Try this week as many times as you need, until you know which entries to enter.

Practice this week on M15 (!) chart with the simulator until you get these results:
(I also have results for december-January, it is very good )

So, let's practice this January week.
Attached Image (click to enlarge)
Click to Enlarge Name: pad1.png Size: 46 KB
I found a penny today. That's +100 pips for me.
  • #1,218
  • Feb 20, 2011 6:11am Feb 20, 2011 6:11am
Thanks for your reply.. oh..good to hear plenty of ppl are using this live... i have used for 2 days when i came across this thread. and am proud to say this stuff works.. simply because ive used it in pairs( 1 trade per pair per day) and 4 out of 5 wins(hope its not pure luck).. and the other 1 is i stopped premature (as the rules mentioned to cut the losses if theres MA cross over) all in all.. i have gotten more than 100 pips of winnings each day.

yeaps.. will definately get a skype account n join you guys !!

On the broker, im using FXCM.. so i was just wondering bout the SL hunt..

thanks again!


Quoting jmw1970
Hi

a number of people are using this in live, myself included, you need to determine whether your broker is one that you need to protect yourself against sl hunting, requotes etc.

On your cci question the rule is above 90 (or below -90 for sell), it does NOT have to just crossed, the cross can occur earlier.

You may want to consider joining the group chat if you are serious about trying this method out... it is always helpful to be able to get responses in pretty much realtime when trying something new.

Regards
John
  • #1,219
  • Feb 20, 2011 6:15am Feb 20, 2011 6:15am
LFH offline trading simulator??
where can i get this ?
thanks ream!
  • #1,220
  • Feb 20, 2011 6:58am Feb 20, 2011 6:58am
ReaM - sounds about the best idea i have heard, can you give me the link to the simulator please
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