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  • #81
  • May 30, 2011 6:36am May 30, 2011 6:36am
Quoting lizu
I went through the whole thread and i found answers for my questions. I tested your strategy and i see that you dont enter on every signal. I tried to find the answer in previous posts but i still dont get it. You are missing a lot of signals. Can you explain why ?

I include pic with shows the difference
Actually it is pretty simple, I have all my rules clear enough. In the attached chart I marked all signals, buys and sells, taken and not taken.

If you still confused, mark your "possible" signals and I will be glad to enlighten you.
Attached Image (click to enlarge)
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  • #82
  • May 30, 2011 11:14am May 30, 2011 11:14am
Quoting 0002097
Actually it is pretty simple, I have all my rules clear enough. In the attached chart I marked all signals, buys and sells, taken and not taken.

If you still confused, mark your "possible" signals and I will be glad to enlighten you.
I'm curious to know why you didn't take the short a couple bars after the first sell loss in the middle of the chart? I see a signal on the 2nd black bar. It would have been a win.

Thanks
  • #83
  • May 30, 2011 12:40pm May 30, 2011 12:40pm
Well... I missed it, but it was a valid signal. And I forgot to mark another signal candle, it is now marked with a yellow rectangle. I think everything is ok now, correct me if I'm wrong.
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  • #84
  • May 31, 2011 1:43am May 31, 2011 1:43am
Hi,
I marked all passible entries in my oppinion i didnt market if they are win or loss. I just want to understand if i choose good entries.
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  • #85
  • May 31, 2011 2:07am May 31, 2011 2:07am
Quoting 0002097
Trading times:
8.00 am to 18.00 pm Central European Time (CET) or London time +1 (GMT+1)
Please, be carefull with this, London time is nowadays at WEST (Western European Time), that is GMT+1, so if you say 'London time +1' that is not GMT+1, that is GMT+2 that is CET
So ... I thought you mean that you trade 8:00-18:00 CET
  • #86
  • Jun 2, 2011 11:53am Jun 2, 2011 11:53am
Quoting rbetancor
Please, be carefull with this, London time is nowadays at WEST (Western European Time), that is GMT+1, so if you say 'London time +1' that is not GMT+1, that is GMT+2 that is CET
So ... I thought you mean that you trade 8:00-18:00 CET
Yep, you're right, my bad.

Were my results since my last update:
27-05 - 8 wins, 5 losses
30-05 - no trading, bank holiday in Uk and USA
31-05 - 5 wins, 10 losses (nothing is perfect...)
01-06 - 8 wins, 5 losses
02-06 - 11 wins, 4 losses
  • #87
  • Jun 2, 2011 1:51pm Jun 2, 2011 1:51pm
Hi 0002097, Do you look at supp/res levels before you start trading and do you stay out during major news? It doesn't look like you do but just checking.

Thanks
  • #88
  • Jun 2, 2011 3:17pm Jun 2, 2011 3:17pm
Quoting brousse
Hi 0002097, Do you look at supp/res levels before you start trading and do you stay out during major news? It doesn't look like you do but just checking.

Thanks
That's right, I don't, I trade this system like a robot and I don't use any kind of subjective analysis, although I'm refining the directional bias aspect and I'm looking for a efficient way to quantify and measure trend strength. You're welcome to help.
  • #89
  • Jun 3, 2011 6:36am Jun 3, 2011 6:36am
Quoting 0002097
Yep, you're right, my bad.

Were my results since my last update:
27-05 - 8 wins, 5 losses
30-05 - no trading, bank holiday in Uk and USA
31-05 - 5 wins, 10 losses (nothing is perfect...)
01-06 - 8 wins, 5 losses
02-06 - 11 wins, 4 losses
Can you show your trades from previous week ? It would help a lot to understand your entires.

Do you watch market all the time or you check only close of the candles ?
  • #90
  • Jun 3, 2011 10:23am Jun 3, 2011 10:23am
Quoting lizu
Can you show your trades from previous week ? It would help a lot to understand your entires.

Do you watch market all the time or you check only close of the candles ?
Here they are, my results.
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  • #91
  • Jun 4, 2011 8:53am Jun 4, 2011 8:53am
Quoting 0002097
Here they are, my results.
Hi,
I checked 2 first days. I noticed that when you have a signal (marked by blue frame) you put pending order but if not taken on the next candle you wait 3 candles than cancel the pending order but if within this 3 candels you get another signal you take it and probably you cancel previous pending sygnal - am i right ? Blue frame example shows this situation. Blue vertical line is the previous pending order and green one is next signal you took within 3 candels and it was profitable good signal.

Another issue i noticed is marked by second blue line with red cross. On the 3rd candle you have doji and valid signal but you dont take it. You take next one hamer and this one is profitable for you. If you take doji you would have loss. Is there any particular reason you dont take doji but you took next one after it ?

candle marked with 3rd red cross. PWR is down this one didnt make lower low but you took a signal - why ?

candle marked with 4th red cross. The same thing - its not valid signal why you took it ?

candle marked with 5th red cross. Its also not valid because it didnt make higher high but you took the trade - why ?
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  • #92
  • Jun 4, 2011 9:00am Jun 4, 2011 9:00am
I found similar signals in your first update from Jan. The candle marked with red cross is not valid signal because this is inside candle - why you took this trade ?
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  • #93
  • Jun 4, 2011 11:30am Jun 4, 2011 11:30am
Quoting lizu
Hi,
I checked 2 first days. I noticed that when you have a signal (marked by blue frame) you put pending order but if not taken on the next candle you wait 3 candles than cancel the pending order but if within this 3 candels you get another signal you take it and probably you cancel previous pending sygnal - am i right ? Blue frame example shows this situation. Blue vertical line is the previous pending order and green one is next signal you took within 3 candels and it was profitable good signal.

Another issue i noticed is marked by second...
Hi Lizu!
On the blue frame I missed the first signal and decided to enter on the next candle. I do wait for 3 candles after the signal candle, if it doesn't get hit I cancel my order and wait for another signal, but I don't take more signals in the waiting period.

"Another issue i noticed is marked by second blue line with red cross. On the 3rd candle you have doji and valid signal but you dont take it. You take next one hamer and this one is profitable for you. If you take doji you would have loss. Is there any particular reason you dont take doji but you took next one after it ? "

Again, I missed the first signal and entered on the next at the price I would get if I entered on the actual signal candle.
(after a couple of hours watching charts I do get distracted...)
And the doji wouldn't have been a loss, check 1m data.

"candle marked with 3rd red cross. PWR is down this one didnt make lower low but you took a signal - why ?"

You're right, my bad... nice way to throw money away.

"candle marked with 4th red cross. The same thing - its not valid signal why you took it ?"
It's not a valid signal, distraction once again, it went good, but it's very dangerous to get profit doing the wrong thing on the markets.

"candle marked with 5th red cross. Its also not valid because it didnt make higher high but you took the trade - why ?"
Differences between live and demo data. I had a valid signal.

"I found similar signals in your first update from Jan. The candle marked with red cross is not valid signal because this is inside candle - why you took this trade ?"

Don't really know why... I have the attention span of a small vertebrate.
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  • #94
  • Jun 5, 2011 5:24am Jun 5, 2011 5:24am
Quoting 0002097
Hi Lizu!
On the blue frame I missed the first signal and decided to enter on the next candle. I do wait for 3 candles after the signal candle, if it doesn't get hit I cancel my order and wait for another signal, but I don't take more signals in the waiting period.

"Another issue i noticed is marked by second blue line with red cross. On the 3rd candle you have doji and valid signal but you dont take it. You take next one hamer and this one is profitable for you. If you take doji you would have loss. Is there any particular reason you dont take...
Thank You for your answers, I am still back testing your method and maybe next week i will forward test it. If i see any diffrences i will post them on this thread. I am assuming you are using eur/usd becuase some kind of 0 spread broker ? Are you using spreed betting or standard broker ?
  • #95
  • Jun 6, 2011 3:27pm Jun 6, 2011 3:27pm
Quoting lizu
Thank You for your answers, I am still back testing your method and maybe next week i will forward test it. If i see any diffrences i will post them on this thread. I am assuming you are using eur/usd becuase some kind of 0 spread broker ? Are you using spreed betting or standard broker ?
Hi! I use Alpari Uk with a typical spread of 1.6 pips. I don't know any 0 spread broker... do you know any reliable one? I'm testing the Tradefair platform, but I need to know more about spread betting first...
  • #96
  • Jun 9, 2011 9:51am Jun 9, 2011 9:51am
Hola all traders,
Just wondering about TP and SL of the rules, I understand the RR being 1:1 but I am curious how you get the TP level exactly? From looking at the rules and picture I am slightly confused? You say the candles size = TP but then wouldn't we just create it the same amount of pips as the SL to ensure we have our 1:1?? Thats how it appears in our sample picture anyway.
Thank you, really interested in this system, would love to be on board with the thread as well in trading it.


[quote=0002097;4593618]



Rules

PWR determines the trend, positive = bulish, negative = bearish
Do not trade when the candle is bigger than 15 pips

Long

PWR positive
Candle as a higher hi and higher low than the previous one.
Place a pending order at the high + spread with the stoploss on the candle's low and takeprofit at tha candle's size. R:R 1:1

Short
The exact opposite, of course.

Cancel your pending orders when they dont get hit after 3 candles.
After a order is activated no other order can be placed, until it hits tp or sl.
All posts are my personal opinion
  • #97
  • Jun 10, 2011 7:05am Jun 10, 2011 7:05am
Hi,
Can you provide results for this week. I noticed you use trend lines as well.
I think you use some kind of discretionary rule additionally which helps you trade this technique. I am only slightly on plus when testing most of the time i get 50/50 win/loss the only difference makes strong trading days then i can get edge over the market. Can you explain how you thing about market ?
  • #98
  • Jun 10, 2011 7:51am Jun 10, 2011 7:51am
Quoting lizu
Hi,
Can you provide results for this week. I noticed you use trend lines as well.
I think you use some kind of discretionary rule additionally which helps you trade this technique. I am only slightly on plus when testing most of the time i get 50/50 win/loss the only difference makes strong trading days then i can get edge over the market. Can you explain how you thing about market ?
Hi Lizu! You can see trendlines on my charts, but they are used on other systems from my trading "arsenal". The results I present here don't have anything subjective, just the rules on post #1.

Results;
6 wins 5 losses
8 wins 7 losses
8 wins 6 losses
6 wins 8 losses
Friday is still running, 6 wins and 3 losses for now.

One thing I noticed using this system is the direction pwr is taking, if it is negative but going upward I will trade more carefully, trend lines on pa or in pwr are usefull as well. Sometimes I don't go for the spread on profit taking, and when I loose I manage my next order in a way I can compensate (I don't really know if this is really a word, english is not my native language, and I'm sorry if I sometimes get confusing, corrections are welcome).
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  • #99
  • Jun 10, 2011 7:52am Jun 10, 2011 7:52am
[quote=Rtm;4678455]Hola all traders,
Just wondering about TP and SL of the rules, I understand the RR being 1:1 but I am curious how you get the TP level exactly? From looking at the rules and picture I am slightly confused? You say the candles size = TP but then wouldn't we just create it the same amount of pips as the SL to ensure we have our 1:1?? Thats how it appears in our sample picture anyway.
Thank you, really interested in this system, would love to be on board with the thread as well in trading it.


Quoting 0002097



Rules

PWR...

Sorry, I did not understood your question...
  • #100
  • Jun 10, 2011 9:17am Jun 10, 2011 9:17am
7 wins and 4 losses for now, no more trading for me today. It is Friday, holiday in my country, Portugal day! Now I'm going to enjoy our sun!

Happy trading for you all!
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