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Attachments: Ronnierott's 1 Hour Strategy
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Ronnierott's 1 Hour Strategy

  • #981
  • May 20, 2011 3:27am May 20, 2011 3:27am
OK so far -600 pips for me. practically took back everything it gave me in two weeks and a half. Plus I have 3 more ongoing negative trades. I'm starting to have seriuos doubts about this strategy. I don't think I'll be trading with it next week any more. At least not with these parrameters. Unbelievably I've have no good trades this week, none, not even one single profitable trade on any pair.
  • #982
  • May 20, 2011 3:37am May 20, 2011 3:37am
Quoting jubu
OK so far -600 pips for me. practically took back everything it gave me in two weeks and a half. Plus I have 3 more ongoing negative trades. I'm starting to have seriuos doubts about this strategy. I don't think I'll be trading with it next week any more. At least not with these parrameters. Unbelievably I've have no good trades this week, none, not even one single profitable trade on any pair.

I think its been a tough week all round, with markets all over the place. It makes trend following strats painful.

My thoughts were that if the week got any worse the DD would be too great, so I stopped trading at -300 this week.

Hoping for a return to normality next week.
  • #983
  • May 20, 2011 5:26am May 20, 2011 5:26am
Quoting jubu
OK so far -600 pips for me. practically took back everything it gave me in two weeks and a half. Plus I have 3 more ongoing negative trades. I'm starting to have seriuos doubts about this strategy. I don't think I'll be trading with it next week any more. At least not with these parrameters. Unbelievably I've have no good trades this week, none, not even one single profitable trade on any pair.
Jubu,

How many pairs do you trade? I am testing on more than 20 pairs. I also lost 600 pips (it is so happened that the total lose added up just to 600 pips this morning) but with 30 closed trades. So, I can conclude that the EMAexit can reduce loss when the market went to the opposite. But haven't get any result for whether it will increase the profit pips. I will go on testing with the trend filter next week. I think this system is for strong trending market like last week. This week the market ranged a lot. It is bad for any trend following system not just Ronni's system. If we can find a good trend filter this system will rock
  • #984
  • May 20, 2011 5:36am May 20, 2011 5:36am
Quoting shiningstar
Jubu,

How many pairs do you trade? I am testing on more than 20 pairs. I also lost 600 pips (it is so happened that the total lose added up just to 600 pips this morning) but with 30 closed trades. So, I can conclude that the EMAexit can reduce loss when the market went to the opposite. But haven't get any result for whether it will increase the profit pips. I will go on testing with the trend filter next week. I think this system is for strong trending market like last week. This week the market ranged a lot. It is bad for any trend following...
So maybe Steve Hopwood´s Trend filter would be a good addition:

"I have included my favourite trend filter, given to me some time ago by scooby-doo, a professional trader with years of experience:

 

  1. Rsi D1 20 period. There is a mtf Rsi attached.
  2. Rsi > 55: market is trending up.
  3. Rsi < 45: market is trending down.
  4. In between - market is ranging.
  5. If enabled, this filter will allow trading only during trending periods."

It´s included in the Nicotina GJ Breakout strategy ea.

Best regards!

  • #985
  • May 20, 2011 4:32pm May 20, 2011 4:32pm
IMHO, An expert advisor WILL fail in making money consistently over a period of time, manual trading should always be preferred & i have always mentioned to post charts aggressively so that your entries & exits can be observed more carefully. what worked & why it worked ....

a known trader traded 5000 crossovers of ma's manually, many a times with frustation & anger but was persistent before he succeeded , he could have just assigned an EA & bingo ... i am not totally against EA & i understand it's role in eliminating emotions but it can't zoom to details like a human eye !!

why people in lawgirl's strategy make money consistently & the thread has crossed 1000 pages ?

think & then see for yourself what is the missing piece ... i read it like a bible not because i intend to start following it completely but to see how this method could be improved - as in adding filters.

i am currently trying to get hold of power adx or super adx which i have heard are impressive ... i feel adx should be a part of ronnie's strategy in some way as adx & trending market are inseparable, same experiment is already being done with rsi that you notice on my charts.

i will stick to ronnie's strategy no matter how many times i fail - 05/21/2011

regards
.Hawk.
  • #986
  • May 22, 2011 7:45am May 22, 2011 7:45am
Ok,

Here's the trades I took for w/e 20/05

16/05 E/U -100
16/05 G/U -100
20/05 G/J Still in play, currently -22

Not the best of weeks I must admit.

Those using the EA on 24 hr mode and other pairings by the sounds of it were alot worse off.

Just to let everyone know, I trade this as per the first few posts. ie, I only look for trades between 0600 - 1800 (London time) with E/U, G/U, G/J & U/CHF pairings.
  • #987
  • Edited 5:05pm May 22, 2011 4:25pm | Edited 5:05pm
hi all

i suggest we keep pictures of all trades & upload as many setups & exits or loosing ones here so we can figure out where we went wrong & what could have been avoided.

once again aggressive posting of pictures will help all who are loosing !

those who depend solely on EA would definitely find it hard

i shall post whenever i can

regards
.Hawk.
  • #988
  • May 22, 2011 4:37pm May 22, 2011 4:37pm
USD/CHF SHORT H1
SHORT @ 0.87776
TP @ 0.87276
SL @ 0.88276


http://img193.imageshack.us/img193/2...hort230511.gif


regards
.Hawk.
  • #989
  • May 23, 2011 2:01am May 23, 2011 2:01am
Hi all. Here are the results for the last 3 weeks from the 5 minute chart experiment. I'm hoping the attached excel doc will display.......
Attached File(s)
File Type: xls ronnie 5 results.xls   32 KB | 597 downloads
  • #990
  • May 23, 2011 11:15am May 23, 2011 11:15am
Hi all,
After a couple of months success on my trial accounts and a good years back testing on 6 pairs I have decided to go live.
Hawk I like your idea of posting screenshots, infact your screen shot shows the exact opening I took on USDCHF this morning.

I'd like to say thanks to ronnierott as well as this really does seem to be a very useful and successful strategy, I tried the EA's on here and while I got profit on the back tests I did not see it making trades where I would of personally so I gave it a miss. Would only use something if I fully understand it.

Currently I have 4 active trades all in the red. The worst being USDCHF at -50 pips. From my own tests of this method I have seen the trades run from profit to loss the n back to profit, if left totally alone and by following Ron IRS rules on the first post to the letter I have gained net profit over periods of months.

The last 2 months and the back tests equated to an average profit of about 140 pips a week naturally this is an average and some weeks have been very "lossy"!

Anyway I look forward to testing this strat with you all!
  • #991
  • May 23, 2011 5:54pm May 23, 2011 5:54pm
- 50 Pips

http://img20.imageshack.us/img20/3064/looserf.gif

Quoting .Hawk.
USD/CHF SHORT H1
SHORT @ 0.87776
TP @ 0.87276
SL @ 0.88276


http://img193.imageshack.us/img193/2...hort230511.gif


regards
.Hawk.
  • #992
  • May 24, 2011 3:28pm May 24, 2011 3:28pm
hmmm...it's quiet in here, i wonder how many people still sticking with the strategy & how many searching tools to improve it
  • #993
  • May 24, 2011 11:12pm May 24, 2011 11:12pm
Hawk
I think most ought to be enjoying the jaw dropping trend in AU
Attached Image (click to enlarge)
Click to Enlarge Name: capture_25052011_001511.jpg Size: 199 KB
  • #994
  • May 25, 2011 2:09am May 25, 2011 2:09am
Quoting .Hawk.
hmmm...it's quiet in here, i wonder how many people still sticking with the strategy & how many searching tools to improve it
We're still here Hawk!I'm trading the 4 H1 charts on Ronnie's fave pairs and getting the same results as others. But I still have the M5 charts experiment running and will keep posting the results - if anyone is still interested, that is!
  • #995
  • May 25, 2011 4:59pm May 25, 2011 4:59pm
i missed that setup .. grrrrrrrr ..

Quoting farbeh
Hawk
I think most ought to be enjoying the jaw dropping trend in AU
  • #996
  • May 26, 2011 9:57am May 26, 2011 9:57am
Hi Jubu
I think it would be great if we could add spread for long trades in Your EA ea Ronnieroots rules. I dont know if it difficult to do it.

Best wishes
Elovv
  • #997
  • May 29, 2011 12:56pm May 29, 2011 12:56pm
Hi Ronnierot

I see you take trades between 06.00-18.00 but do You use GMT or London time?

Best wishes
Elovv
  • #998
  • May 29, 2011 1:52pm May 29, 2011 1:52pm
Quoting .Hawk.
hmmm...it's quiet in here, i wonder how many people still sticking with the strategy & how many searching tools to improve it
Im still sticking with the original rules and pairs, using Jubus EA, and up 5%, trading exactly with the original rules.

Best wishes
Elovv
  • #999
  • May 29, 2011 1:55pm May 29, 2011 1:55pm
He trades both of it,London=gmt.
  • #1,000
  • May 29, 2011 10:08pm May 29, 2011 10:08pm
Quoting Elovv
Hi Ronnierot

I see you take trades between 06.00-18.00 but do You use GMT or London time?

Best wishes
Elovv

Hi Elovv,

I trade London time, which in BST is GMT +1.
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