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Easy no stress daily charts:)

  • #761
  • Sep 8, 2011 5:04pm Sep 8, 2011 5:04pm
Now to trading the AUDNZD is in a weekly downtrend it has shown an entry in the daily so I am jumping on short
I will keep you posted
  • #762
  • Sep 8, 2011 5:30pm Sep 8, 2011 5:30pm
Quoting patrix81
I'm taking both, long...
Do you not wait for the stochs to cross? or have they?

I have brokers at gmt +1 and +2 and it hasn't crossed on either.
  • #763
  • Sep 8, 2011 5:41pm Sep 8, 2011 5:41pm
Quoting Stumpy1
Now to trading the AUDNZD is in a weekly downtrend it has shown an entry in the daily so I am jumping on short
I will keep you posted
Yes it is a valid trade

Olu
If you think you can or cannot do it you are correct
  • #764
  • Sep 8, 2011 5:51pm Sep 8, 2011 5:51pm
This is how my chart looks
Attached Image
If you think you can or cannot do it you are correct
  • #765
  • Sep 9, 2011 12:23am Sep 9, 2011 12:23am
Quoting pipexplorer1
Hey Slurpee, I see the results but how many total trades were there in the backtest?

I am sorry, cannot answer that question now. I did the backtest on my laptop, and it is broken recently (for the second time in 14 days ). But I would say about 15-25 trades on each pair. As I remember, there were about 1-2 trades per month, I think...
Live it or leave it!
  • #766
  • Sep 9, 2011 12:26am Sep 9, 2011 12:26am
Quoting hyperspeeds3
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).

Bernanke speach... another intervention... SL hit at -100, two trades... Two trades in a row when on this pair I got stopped out by an intervention...
Live it or leave it!
  • #767
  • Sep 9, 2011 12:29am Sep 9, 2011 12:29am
Quoting Olu
This is how my chart looks

that is the difference between brokers... I don't have a cross on my Stoch yet. Maybe tonight...
Live it or leave it!
  • #768
  • Sep 9, 2011 2:58am Sep 9, 2011 2:58am
Following on from my post #732:

I've looked at 7 pairs now, the only rule I would add (and I would to the original system is) - don't buy when the WEEKLY stoch is 80+, yet selling at 20 or below shows a healthy profit.

With that rule in place the stats now read;

203 trades, 82 wins, 67 losses, 54 BE = 40% win

Audusd & Eurgbp only just get into profit, why that should be so I don't know, I've checked adr's etc but nothing stands out, I would say that more testing needs to be done, probably another year on previous results and at least 6 months forward testing (and another 3 pairs, it's time consuming and I don't know if I'll carry on with it, I'll just record the trades from now on). Not all months show a profit, one spell of 3 months with no profit, and it's in a bit of a dry spell right now so I wouldn't go trading these blindly yet.
  • #769
  • Sep 9, 2011 5:08am Sep 9, 2011 5:08am
Quoting zortan
Following on from my post #732:

I've looked at 7 pairs now, the only rule I would add (and I would to the original system is) - don't buy when the WEEKLY stoch is 80+, yet selling at 20 or below shows a healthy profit.

With that rule in place the stats now read;

203 trades, 82 wins, 67 losses, 54 BE = 40% win

Audusd & Eurgbp only just get into profit, why that should be so I don't know, I've checked adr's etc but nothing stands out, I would say that more testing needs to be done, probably another year on previous results and...
Did you calculate the size of the wins and losses that way we can see how many pips it produced.
A 40% win witha R:R of 1 is not good
  • #770
  • Sep 9, 2011 8:05pm Sep 9, 2011 8:05pm
Hi Slurpee,
Seems lots of people are trying backtesting as the owner and longest trader of this system can you shed any light on what you have achieved by trading it.
Forward testing is always better than back testing!!!!!
  • #771
  • Sep 10, 2011 7:26am Sep 10, 2011 7:26am
Quoting Stumpy1
Hi Slurpee,
Seems lots of people are trying backtesting as the owner and longest trader of this system can you shed any light on what you have achieved by trading it.
Forward testing is always better than back testing!!!!!
Post number one.
  • #772
  • Sep 10, 2011 8:32am Sep 10, 2011 8:32am
traded exactly to the rules for 2 weeks and results are

starting balance 1000

buy eurcad -92 pips
buy gbpcad -212 pips
buy eurgbp -155 pips
buy audusd -154 pips

2trades open

buy nzdusd -111 pips
sell audnzd +17 pips

closing balance
385
  • #773
  • Sep 10, 2011 5:13pm Sep 10, 2011 5:13pm
Quoting Stumpy1
Hi Slurpee,
Seems lots of people are trying backtesting as the owner and longest trader of this system can you shed any light on what you have achieved by trading it.
Forward testing is always better than back testing!!!!!
Yep, it seems no one has got any forward tested results, (that are willing to post them), without at least 6 months forward testing I can't believe anyone is throwing real money at this.
  • #774
  • Sep 11, 2011 3:05pm Sep 11, 2011 3:05pm
Quoting zortan
Do you not wait for the stochs to cross? or have they?

I have brokers at gmt +1 and +2 and it hasn't crossed on either.
Yes, they had crossed in mine... My broker is at GMT + 3...

NZDUSD: - 113 pips
AUDUSD: - 152 pips

Patrix.
  • #775
  • Sep 11, 2011 3:10pm Sep 11, 2011 3:10pm
Quoting Stumpy1
Did you calculate the size of the wins and losses that way we can see how many pips it produced.
A 40% win witha R:R of 1 is not good
I think it's 1:2 r/r, stop level at 170 pips and take profit at 340 pips. Am I right Zortan?
  • #776
  • Sep 11, 2011 3:12pm Sep 11, 2011 3:12pm
i have been forward testing, so far all losers!!
  • #777
  • Sep 11, 2011 6:08pm Sep 11, 2011 6:08pm
Quoting patrix81
I think it's 1:2 r/r, stop level at 170 pips and take profit at 340 pips. Am I right Zortan?
First take profit at 170 so if that is stopped out at B/E becomes 1:0.5
  • #778
  • Sep 12, 2011 12:30am Sep 12, 2011 12:30am
Guys,

the most important thing in trading is patience... If you cannot stand a few loses in a row, don't trade this system or any other. I personally don't want to add any othe indicators, it will get too "crowded" and too many factors will influence the results. Also, THE ONLY NOT-lagging indicator is PRICE, everything else is LAGGING. This system works with moving average and Stochastics, both lagging indicators, so we only want to ride the trend, if any. If there is situation on markets like this (interventions by several governments, European debt, whole world economy slowing, etc.), we will unfortunatelly get bad or decent results... For me, the most important things are:

1) I don't have to sit in front of the computer all day
2) I don't have to decide, whether all "ten" indicators line up
3) The rules are easy, not 10 steps to be checked and then you trade

So I am staying with original rules in post #1, I will probably check on the rule with weekly chart, because it is "no-brainer" as well, so it might really help...

Good luck to us all! And lots of pips...
Live it or leave it!
  • #779
  • Sep 12, 2011 1:51am Sep 12, 2011 1:51am
Quoting Slurpee
Guys,

the most important thing in trading is patience... If you cannot stand a few loses in a row, don't trade this system or any other. I personally don't want to add any othe indicators, it will get too "crowded" and too many factors will influence the results. Also, THE ONLY NOT-lagging indicator is PRICE, everything else is LAGGING. This system works with moving average and Stochastics, both lagging indicators, so we only want to ride the trend, if any. If there is situation on markets like this (interventions by several governments, European...
Seconded. Let's not complicate things...

Olu
If you think you can or cannot do it you are correct
  • #780
  • Sep 12, 2011 5:08am Sep 12, 2011 5:08am
Hi Guys confirming on weekly ( that is only trading in the direction of the weekly trend)
My first trade is breakeven and heading for TP one it is the AUD/NZD
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