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  • #901
  • Oct 4, 2011 3:29pm Oct 4, 2011 3:29pm
Lost 111 pips so far today on the EU. Partly because of my own user error and partly because of all the repaints that come with these indicators.

Saw several times all 4 line up, price goes that way for just a few pips, then reverses hard. Not even close to +30 allowing a +3 lock in.

I'll test it for another week with strict rules, if it keeps working like this, this is just another garbade indicator repaint method that looks good in hindsight and works like crud in real time.

Evaluator, could you let me know if you tested this live at all? Even with very small lots?

I know you said your past results were demo, but frankly in my experience, demo testing is worthless for a method. I've demo and live tested several methods following rules, exactly with much different results.

Unsurprisingly everything is always gumdrops and lollpops in demo testing and barely half as good live.
  • #902
  • Oct 4, 2011 3:37pm Oct 4, 2011 3:37pm
Quoting bullzeye
have made two another trades GBP/USD m15 and AUD/USD m15

Attachment

Attachment
Closed both via trailinstop GBP/USD +60 Pips, AUD/USD +80 Pips

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  • #903
  • Oct 4, 2011 3:45pm Oct 4, 2011 3:45pm
Quoting bullzeye
Closed both via trailinstop GBP/USD +60 Pips, AUD/USD +80 Pips
How much pips your trailing stop ?
#### Follow me at @LioH_ on Twitter ... ####
  • #904
  • Oct 4, 2011 3:49pm Oct 4, 2011 3:49pm
Quoting lhDT
How much pips your trailing stop ?
20-30 Pips
  • #905
  • Oct 4, 2011 3:53pm Oct 4, 2011 3:53pm
Good trades bullzeye and thanks for posting them wen u enter
  • #906
  • Oct 4, 2011 3:55pm Oct 4, 2011 3:55pm
I'm trying this method and it looks good so far on demo. I'm switching to live account as of now.

Did anyone start programming or completed programming an EA for this method?
Wax on.... wax off....
  • #907
  • Oct 4, 2011 3:57pm Oct 4, 2011 3:57pm
Quoting KumoDragon
Lost 111 pips so far today on the EU. Partly because of my own user error and partly because of all the repaints that come with these indicators.

Saw several times all 4 line up, price goes that way for just a few pips, then reverses hard. Not even close to +30 allowing a +3 lock in.

I'll test it for another week with strict rules, if it keeps working like this, this is just another garbade indicator repaint method that looks good in hindsight and works like crud in real time.

Evaluator, could you let me know if you tested this live at...

KumoDragon,

I started a live (real money account) last week with 1500$ as of today my LIVE Account balance is 5163.00$. I am using the same rules as Post#1 with no deviation other than chart interpretation.(exception post #716) Just today, I bought EURUSD @1.32743 0.40 lot size and currently making 663.00$ and it is still in play.

I am working both a live and demo account in 30 min window. (not 5min.) Which I believe is more stable with less issue of whipsaws. I also have increased my stoploss to 75 because of larger timeframe. (post #716)


Lastly, I will quote from Post#1 especially with all the NEWS issues happening today.

''Please remember that Central Bank Action, Global Events, and News Events do make the market unpredictable so, erratic moves are possible with any trading system therfore, trade responsibily and always use stops.''

(see post #716)

The system works and obviously there are some issues you need to work through or have overlooked. If you wish we can go into detail via email or other communications method as I am willing to help all because I know it works or would have never started this thread in the first place.

Best Regards,

eval.

P.S. only 1 indikator I have seen repaint and that is Extreme indikator which is expected because it is backwards looking. I have yet to see any of the others repaint.

PPS. If you enter an order and then get an extreme spike before 30 pips is reached....CLOSE THE ORDER. That is a clear sign that there is insuffiecient momentum to carry the price action in that direction.
  • #908
  • Oct 4, 2011 4:06pm Oct 4, 2011 4:06pm
Quoting Evaluator
KumoDragon,

I started a live (real money account) last week with 1500$ as of today my LIVE Account balance is 5163.00$. I am using the same rules as Post#1 with no deviation other than chart interpretation.(exception post #716) Just today, I bought EURUSD @1.32743 0.40 lot size and currently making 663.00$ and it is still in play.

I am working both a live and demo account in 30 min window. (not 5min.) Which I believe is more stable with less issue...
Ok thanks, glad to hear you are doing it live. Thanks for the tips I'll read the whole thread again to see if theres anything I missed as well.

Just wanted to know if you were doing this live at all.
  • #909
  • Oct 4, 2011 4:08pm Oct 4, 2011 4:08pm
Quick question on the extreme spike. If I see one before 30 pips, that keeps blinking/repainting. Should I get out? Or just when it's clear it isn't going to unpaint?
  • #910
  • Oct 4, 2011 4:08pm Oct 4, 2011 4:08pm
I can also second what eval said..This stratergy works..Its like riding a bike for the first time without stabelisers, you a bit shaky to start with but with time you get a feel for it and before you know it your flying..

Eval has always stated to use a demo to get a feel for it before going live..I dont take as many trades as most because i only trade with the trend using 1 hour candles to confirm trend..Ive taken 12 trades and yet to have a loosing trade.. A good tip is to refresh your charts before making a trade..
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #911
  • Oct 4, 2011 4:22pm Oct 4, 2011 4:22pm
Quoting KumoDragon
Ok thanks, glad to hear you are doing it live. Thanks for the tips I'll read the whole thread again to see if theres anything I missed as well.

Just wanted to know if you were doing this live at all.
KumoDragon,

I must confess...this is not my only account I use this system. I don't feel comfortable telling the other balances...''You would not believe me''

So, I started a new ''real'' account with 1500$ to prove it; just like with the demo that this system does work. If you are consistant and trade responsibly.

eval.
  • #912
  • Oct 4, 2011 4:23pm Oct 4, 2011 4:23pm
Quoting Evaluator
KumoDragon,

I must confess...this is not my only account I use this system. I don't feel comfortable telling the other balances...''You would not believe me''

So, I started a new ''real'' account with 1500$ to prove it; just like with the demo that this system does work. If you are consistant and trade responsibly.

eval.
Thanks.

quick question, when all 4 match, do you wait for the current bar to close in favor of that direction, or do you just enter right there?
  • #913
  • Oct 4, 2011 4:24pm Oct 4, 2011 4:24pm
Quoting KumoDragon
Quick question on the extreme spike. If I see one before 30 pips, that keeps blinking/repainting. Should I get out? Or just when it's clear it isn't going to unpaint?

KumoDragon,

If you enter an order and there is a quick rise with a extreme spike against you; take that as a warning and exit the trade on the close of the candlestick with the extreme spike. (or earlier if you desire)

What that is telling you is that the demand for the price action to move in that direction is not there and will be reversing.

eval.
  • #914
  • Oct 4, 2011 4:28pm Oct 4, 2011 4:28pm
Quoting KumoDragon
Thanks.

quick question, when all 4 match, do you wait for the current bar to close in favor of that direction, or do you just enter right there?

ALWAYS let the candlestick close....Never try to jump the system because the moment you do.....the market will get you!
  • #915
  • Oct 4, 2011 4:32pm Oct 4, 2011 4:32pm
Hi guys.
I'm studying the system, do you have the trendline MTF?
I think it's a good idea to work on 5 TF following the trendline on 15 TF.

  • #916
  • Oct 4, 2011 4:35pm Oct 4, 2011 4:35pm
Quoting Evaluator
ALWAYS let the candlestick close....Never try to jump the system because the moment you do.....the market will get you!
Thanks, I was missing that bit, I think that might have had big part in what got me to day. Didn't wait for closes of candles, so the blinking of the extreme cycle did me in I think.
  • #917
  • Oct 4, 2011 4:43pm Oct 4, 2011 4:43pm
Excuse the mess on the charts but I'm trying to decide which indicators I want on them so they have different things on different charts but at least I know what I'm looking at ... anyway I'm off to bed so closed all my trades. Only trading this at .10 on 15M TF but over 600 pips today. The yellow dotted lines are the buy trades I took but I was also in sell trades at London open.
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Your Attitude Determines Your Altitude
  • #918
  • Edited 6:35pm Oct 4, 2011 4:43pm | Edited 6:35pm
Quoting KumoDragon
Thanks, I was missing that bit, I think that might have had big part in what got me to day. Didn't wait for closes of candles, so the blinking of the extreme cycle did me in I think.
KumoDragon,

Suggest you print our post#1 and go sit in a nice comfy chair with a drink and snack in a quiet corner and read. Not at your computer. (too distracting) Because you will retain more of the post and retained better.

I think I covered most everything in that one post.

Then you can skimm through the thread and the other entries will just reinforce what I said and give you reference and examples.

eval.
  • #919
  • Oct 4, 2011 5:21pm Oct 4, 2011 5:21pm
thennnnnnnnnnnnnnnnnn 3327 hit ? fibo help us determining / optimizing the target. and use sefc ( with its negative ( repainting ) and positive effect( timing ) ) as emotion filter to entry.

never jump in directly once we got interested signal, must know what area it is etc etc .. then make decision if not we got trap

again thank for sharing the system EV

Wish U all green and success always.

Cheers, IQYU


*** all indis ( include sefc ) : lagging and repainting, know how of certain pair will help us to use the indi ( whatever the indi is )
Quoting iqyu5an
85 fibo level hit ( once 15 level breached ), next is 100 fibo and max TP at3327
not euphoria follower
  • #920
  • Oct 4, 2011 5:57pm Oct 4, 2011 5:57pm
Quoting forexnutter
Excuse the mess on the charts but I'm trying to decide which indicators I want on them so they have different things on different charts but at least I know what I'm looking at ... anyway I'm off to bed so closed all my trades. Only trading this at .10 on 15M TF but over 600 pips today. The yellow dotted lines are the buy trades I took but I was also in sell trades at London open.

Congratulations on a 600 pip day! Good Job!

15 min. seems to be optimum for you. Stick with it!

eval.
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