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Easy no stress daily charts:)

  • #741
  • Sep 7, 2011 7:18am Sep 7, 2011 7:18am
Quoting Stumpy1
Hi Slurpee,
I am using a differant entry than you but the main thing is using the weekly trend
Results so far in pips
gbp/jpy +107
nzd/usd +39
usd/chf +131
gbp/jpy - 18
The method I am using is not relevant the big thing is using the weekly trend add that to your method and I am sure you will filter out some of the losses
worth looking into. Anything to increase the 'yield' of the system

Olu
If you think you can or cannot do it you are correct
  • #742
  • Sep 7, 2011 11:12am Sep 7, 2011 11:12am
Quoting zortan
I don't see your results in the first post??

have you kept a record of all your trades?

btw..with my results if you'd set take profit to 340 pips 1:2 r/r

143 trades, 52 wins, 48 loss, 43 break even = +56 (9520 pips)

That's 36% win and return of 39% on investment (who needs a high win %)


yet only 3 of 4 pairs show a profit using this MM, I've just looked at aususd and that shows +2 1:1 r/r and -2 1:2 r/r

I've put the first 5 pairs results on a spreadsheet and it looks pretty good:

20 months - average 493 pips profit/month

Using 2% risk of your bank each time would have tripled your original starting bank, I'll endeavour to look at another 5 pairs.
  • #743
  • Sep 7, 2011 11:51am Sep 7, 2011 11:51am
Quoting zortan
I've put the first 5 pairs results on a spreadsheet and it looks pretty good:

20 months - average 493 pips profit/month

Using 2% risk of your bank each time would have tripled your original starting bank, I'll endeavour to look at another 5 pairs.
Hi Zortan,

So these 5 pairs are GBPUSD, EURUSD, EURGBP, USDJPY and AUDUSD...? I think you mentioned these ones on your last posts... and with TP at 340 pips? Do you mind to put the results of each one?

That's very helpful because we can know which pairs work better with this system, then we can choose those ones when we have 2 or 3 signals the same day...

Thank you very much.
  • #744
  • Sep 7, 2011 3:17pm Sep 7, 2011 3:17pm
Is it really only 493 pips/month? I'm up 2400 pips in one week using this system. But then again, I only have 1 week as a sample size.
  • #745
  • Sep 7, 2011 3:31pm Sep 7, 2011 3:31pm
Quoting hyperspeeds3
Is it really only 493 pips/month? I'm up 2400 pips in one week using this system. But then again, I only have 1 week as a sample size.
Which pairs did you trade?
  • #746
  • Sep 7, 2011 4:33pm Sep 7, 2011 4:33pm
EURGBP trade closed as per rules, result -59 pips x 2.

New long trade opened on this pair, SL, TP=100, BE at +65
Live it or leave it!
  • #747
  • Sep 7, 2011 5:55pm Sep 7, 2011 5:55pm
Quoting Slurpee
EURGBP trade closed as per rules, result -59 pips x 2.

New long trade opened on this pair, SL, TP=100, BE at +65
Hi slurpee if you look at the EUR/GBP in the weekly chart it is going sideways and you would not trade it.
I will put up you template and back test some trending pairs and see what happens
  • #748
  • Sep 7, 2011 6:21pm Sep 7, 2011 6:21pm
Quoting patrix81
Hi Zortan,

So these 5 pairs are GBPUSD, EURUSD, EURGBP, USDJPY and AUDUSD...? I think you mentioned these ones on your last posts... and with TP at 340 pips? Do you mind to put the results of each one?

That's very helpful because we can know which pairs work better with this system, then we can choose those ones when we have 2 or 3 signals the same day...

Thank you very much.
Yeah i've posted the results on previous page.
  • #749
  • Sep 7, 2011 6:27pm Sep 7, 2011 6:27pm
Quote
Which pairs did you trade?

I traded GBPCHF/AUDCHF/NZDCHF/USDCHF/
CHFJPY/NZDJPY/EURJPY
USD/CAD GBP/CAD EUR/CAD
AUD/USD

I still haven't traded EUR/USD and GBP/USD and also, the JPY pairs and CAD pairs move the least.
  • #750
  • Sep 7, 2011 7:13pm Sep 7, 2011 7:13pm
Quoting Stumpy1
Hi slurpee if you look at the EUR/GBP in the weekly chart it is going sideways and you would not trade it.
I will put up you template and back test some trending pairs and see what happens
Hi I tested the current down trend in GBP/GPY the results were
+170 +97
+58
+170 +208
+170 +183
+170 +278
not one loss and it significantly out performed what I am doing so I am changing back
At the risk of encuring steves wrath again I would direct you to this system of his http://www.forexfactory.com/showthread.php?t=307890
If you put in the indicators and the dashboard by looking at the dash board you can see which pairs are trending put up those charts and look for entries using your rules.
Contry to what was said I am not toxic I am a bloke with serious health issues recovering from major surgery at spending my time searching all threads to find something that works to support my family.
Slurpee I trust this info will be of assistance to you.
Kindest Regards
Ralph
  • #751
  • Sep 7, 2011 7:42pm Sep 7, 2011 7:42pm
also EUR/NZD
+170 +270
-104
+ 170 + 578
-340
  • #752
  • Sep 7, 2011 11:30pm Sep 7, 2011 11:30pm
Quoting Slurpee
oops, sorry, now they are there... and yes, all are saved, see the red lines on my pictures from the early days of this thread...

BACKTESTING RESULTS UPDATED IN THE FIRST POST...


Hey Slurpee, I see the results but how many total trades were there in the backtest?
  • #753
  • Sep 8, 2011 3:43am Sep 8, 2011 3:43am
Quoting Stumpy1
Hi I tested the current down trend in GBP/GPY the results were
+170 +97
+58
+170 +208
+170 +183
+170 +278
not one loss and it significantly out performed what I am doing so I am changing back
At the risk of encuring steves wrath again I would direct you to this system of his http://www.forexfactory.com/showthread.php?t=307890
If you put in the indicators and the dashboard by looking at the dash board you can see which pairs are trending put up those charts and look for entries using your rules.
Contry to what was said I am not toxic I...
Hi Ralph

Which specific rules have you applied to your tests?

There are various versions around now.
Regards
  • #754
  • Sep 8, 2011 5:07am Sep 8, 2011 5:07am
I used Slurpees rules as in post 1
  • #755
  • Sep 8, 2011 8:16am Sep 8, 2011 8:16am
Quoting zortan
Yeah i've posted the results on previous page.
Thanks Zortan.
  • #756
  • Sep 8, 2011 8:17am Sep 8, 2011 8:17am
Quoting hyperspeeds3
I traded GBPCHF/AUDCHF/NZDCHF/USDCHF/
CHFJPY/NZDJPY/EURJPY
USD/CAD GBP/CAD EUR/CAD
AUD/USD

I still haven't traded EUR/USD and GBP/USD and also, the JPY pairs and CAD pairs move the least.
Thanks!!
  • #757
  • Sep 8, 2011 11:17am Sep 8, 2011 11:17am
Does anyone know what happened to the EURGBP? Was there a government intervention or was there some news? The pairs have been acting strange lately.

I didn't take the trade, (not because of Stumpy's reasoning but) however, because I use fibonacci and at the time, there wasn't enough room (150 pips minimum) for it to move. It was about 80 pips away from reaching 100.0 retracement level. (This is just what I use to determine entry or not).
  • #758
  • Sep 8, 2011 12:06pm Sep 8, 2011 12:06pm
Quoting Stumpy1
Hi I tested the current down trend in GBP/GPY the results were
+170 +97
+58
+170 +208
+170 +183
+170 +278
not one loss and it significantly out performed what I am doing so I am changing back
At the risk of encuring steves wrath again I would direct you to this system of his http://www.forexfactory.com/showthread.php?t=307890
If you put in the indicators and the dashboard by looking at the dash board you can see which pairs are trending put up those charts and look for entries using your rules.
Contry to what was said I am not...
Sorry to hear about your difficult circumstances. I am a family man as well and love anything - strategy, deal (legal though!) that would afford me time with them as well as the ability to support them.

There you go people - a bit more insight into the annonymous people with whom we trade together

Wish us all loooooooooooooooooooads of pips

Olu
If you think you can or cannot do it you are correct
  • #759
  • Sep 8, 2011 4:27pm Sep 8, 2011 4:27pm
I'm taking both, long...
  • #760
  • Sep 8, 2011 5:01pm Sep 8, 2011 5:01pm
Quoting Olu
Sorry to hear about your difficult circumstances. I am a family man as well and love anything - strategy, deal (legal though!) that would afford me time with them as well as the ability to support them.

There you go people - a bit more insight into the annonymous people with whom we trade together

Wish us all loooooooooooooooooooads of pips

Olu
Thanks for your kind thoughts!!!!!
Now to get on my hobby horse

ALL YOU BIG TOUGH BLOKES OUT THERE MAKE SURE YOU SEE THE DOC AT LEAST ONCE A YEAR FOR A CHECK UP IT COULD SAVE YOUR LIFE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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