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GBPJPY Daily Trend Method

  • #981
  • Apr 14, 2011 9:00am Apr 14, 2011 9:00am
Gbpjpy daily trend method: Wait
  • #982
  • Apr 14, 2011 9:30am Apr 14, 2011 9:30am
Gbpjpy daily trend method: Wait
  • #983
  • Apr 14, 2011 10:08am Apr 14, 2011 10:08am
GBPJPY DAILY TREND METHOD: NO TRADE TODAY.....Indicators are mixed
  • #984
  • Apr 15, 2011 5:13am Apr 15, 2011 5:13am
Quoting MichaelLee_8
GBPJPY DAILY TREND METHOD: NO TRADE TODAY.....Indicators are mixed
I studied this thread few days ago and felt it has a winning edge and decided to give it some intensive research. Like any other thread or systems it has ups and downs and work extremely well in some markets but does not perform well in other markets. Mainly most systems requires volatility. So I made manual back tests with various parameters and various currency pairs. One of my main purposes was to adjuste it in a way to perform and survive all kinds of markets and also to assign a low stop loss to open positions. For the lowest the stop loss the greater the profits. For the size of open positions are proportional to the risk factor assigned to each position which is often 1%.
i.e. a 40 pips gained on a stop loss of 30 is equivalent to 80 pips gained on a stop of 60 and 120 pips on a stop of 90. So below are my finding:

Currency euro/Yen. Take profit: 72 pips. Stop loss 30 pips. move to Break even at 32 pip.
I made some adjustment and I applied it to USA opening as well as Europe opening. i.e. two possible entries per day.
If at USA opening at 9:30 EST time all requirements are met (RSI, ADX CUTOM TREND) enter position and if not do not enter. That is all, a more simpl entry rule. Enter at 9:30.
Do the same things for UK opening.

Here are the results which I checked four times manually:
2011: Jan: +190 Feb: -14 Mar: +61
2010: Dec +441 Nov: +440 Oct: + 22 Sept: -265 Aug: +139
July: +34 June: +124 May: +480 April: +606

Total of last 12 month = + 2258 pips a monthly average of: + 188 pip.
N.B. Again + 188 pips on a 30 pip stop loss only. This would be more than 3 times if the stop was 100.
If someone asks I will include detailed excel sheet..
I hope I stayed faithful to the core and spirit of this thread.
  • #985
  • Apr 15, 2011 9:00am Apr 15, 2011 9:00am
Gbpjpy daily trend method: Sell
  • #986
  • Apr 15, 2011 9:03am Apr 15, 2011 9:03am
Quoting weklil
[font=Calibri][size=3]I studied this thread few days ago and felt it has a winning edge and decided to give it some intensive research....
Thanks for putting some work into the method! I'm sure many traders will benefit from this info.

Michael
  • #987
  • Apr 18, 2011 9:03am Apr 18, 2011 9:03am
Gbpjpy daily trend method: No Trade Today....ADX below 25
  • #988
  • Apr 19, 2011 8:54am Apr 19, 2011 8:54am
Gbpjpy daily trend method: No trade today....adx is below 25
  • #989
  • Apr 19, 2011 9:40am Apr 19, 2011 9:40am
looks close
Attached Image (click to enlarge)
Click to Enlarge Name: testergraph.gif Size: 52 KB
  • #990
  • Edited 10:06am Apr 19, 2011 10:05am | Edited 10:06am
I see 26.22 and pointed up, but price dropped as soon as I take picture; doesn't seem to be much of a trend anyway...... plus it is right on the daily pivot, so doesn't know what it wants to do yet......
Attached Image (click to enlarge)
Click to Enlarge Name: adx_26.22.jpg Size: 120 KB
Canadian by birth Australian by choice
  • #991
  • Edited 10:16am Apr 19, 2011 10:10am | Edited 10:16am
Yes , I see it found resistance and backed away . I still made some pips on that sell .
  • #992
  • Apr 19, 2011 10:31am Apr 19, 2011 10:31am
Quoting tgiambarberee
Yes , I see it found resistance and backed away . I still made some pips on that sell .
Good for you, guess a system can work both ways, if the signal doesn't say buy, then watch for a sell.

I see indecision right here, daily is down but hit the 38% fibo yesterday, only watching this or playing on demo myself.
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Click to Enlarge Name: daily.jpg Size: 125 KB
Canadian by birth Australian by choice
  • #993
  • Apr 19, 2011 4:51pm Apr 19, 2011 4:51pm
Hey guys.....here's my chart. As I've mentioned on several occasions, the ADX seems to be different depending on your broker. (I use FXCM)

Michael
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 04-19-2011.jpg Size: 82 KB
  • #994
  • Apr 20, 2011 9:07am Apr 20, 2011 9:07am
GBPJPY DAILY TREND METHOD: NO TRADE TODAY.....ADX BELOW 25
Extremely close though....some of you may want to consider longs....
  • #995
  • Apr 21, 2011 9:00am Apr 21, 2011 9:00am
Gbpjpy daily trend method: Wait
  • #996
  • Apr 21, 2011 9:30am Apr 21, 2011 9:30am
Gbpjpy daily trend method: Wait
  • #997
  • Apr 21, 2011 10:01am Apr 21, 2011 10:01am
Gbpjpy daily trend method: No trade today.....indicators are mixed
  • #998
  • Apr 22, 2011 9:01am Apr 22, 2011 9:01am
Gbpjpy daily trend method: Wait
  • #999
  • Apr 22, 2011 9:30am Apr 22, 2011 9:30am
Gbpjpy daily trend method: Wait
  • #1,000
  • Apr 22, 2011 10:06am Apr 22, 2011 10:06am
Gbpjpy daily trend method: No trade today....indicators are mixed
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