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Ema+vq+macd System

  • #161
  • Oct 6, 2011 8:23am Oct 6, 2011 8:23am
Quoting EasyRyder
Hello Lesso. Hope you are trading well. Question. After you place a pending order buffer+spread pips above the high of the offending bar (for a long), how long do you wait for the order to be filled? 1 bar? 2 bars? 3 bars?

Question 2. With regard to LessoSignalLine Indicator, the pending order limit displayed in the Green/Red box appears to include the spread -- ie. pending order limit displayed = high of offending bar + bufferPips + spread (for a long trade) Can you confirm that my understanding here is correct?

Thanks.
George...
1. this is an area where I have a hard time defining a rule. Because price action being what it is I have left orders open for ten bars and taken orders off after three bars. This obviously only becomes an issue when price has stalled, but where it stalls is the important thing. I tend to leave the orders on longer when price has stalled in the middle of two pivots. When price stalls at or around a pivot I tend to pull orders off quickly and wait for an actual direction to be established.

2. You have surmised correctly. The SL is then displayed as Offending Candle low - SLBuffer.
  • #162
  • Oct 6, 2011 12:37pm Oct 6, 2011 12:37pm
for me 1min is too fast.
so i have moved to 5min and works better for me.
got to find a way to make SL tighter.

BIG THANKS to Lesso!

Regards,
J
  • #163
  • Oct 6, 2011 9:35pm Oct 6, 2011 9:35pm
I think a Skype session would be a great idea. I tried to do that with guys from the UK once but could not stay awake! I work 7 to 4 in the US so I have to get up in the morning.
  • #164
  • Oct 6, 2011 9:44pm Oct 6, 2011 9:44pm
Hi, I'm new and have read the post here, seems like this system works well. I've downloaded the original version on the 1st page by Lesso and just wonder if Lesso has backtested the latest template? and is it reliable to trade with that template? It'll be great if we all can skype to understand more in depth on the usage of this system. Can count me in for the skype group? thanks
  • #165
  • Oct 6, 2011 10:03pm Oct 6, 2011 10:03pm
Quoting Jhfx
for me 1min is too fast.
so i have moved to 5min and works better for me.
got to find a way to make SL tighter.

BIG THANKS to Lesso!

Regards,
J
ok great. as for sl, on a m5 i found the 20ma a little slow, switches to a 9 shifted 3, and possibly use the ma itself as a SL.
  • #166
  • Oct 6, 2011 10:03pm Oct 6, 2011 10:03pm
Quoting Vigilanti
I think a Skype session would be a great idea. I tried to do that with guys from the UK once but could not stay awake! I work 7 to 4 in the US so I have to get up in the morning.
Im in the us too. Eastern time....hopefully next week will look into it.
  • #167
  • Oct 6, 2011 10:05pm Oct 6, 2011 10:05pm
Quoting sneid
Hi, I'm new and have read the post here, seems like this system works well. I've downloaded the original version on the 1st page by Lesso and just wonder if Lesso has backtested the latest template? and is it reliable to trade with that template? It'll be great if we all can skype to understand more in depth on the usage of this system. Can count me in for the skype group? thanks
the latest template is still the same as the first one. the other indicators are still experimental.
  • #168
  • Oct 7, 2011 1:37pm Oct 7, 2011 1:37pm
Quoting XxLessoxX
Ok I will look at getting a skype account this week and possibly next week we could go live with it.
I think this system is one of the best I've seen...hope you get the skype thing going...I'm IN!
  • #169
  • Oct 7, 2011 3:29pm Oct 7, 2011 3:29pm
Quoting 4xplosion
I think this system is one of the best I've seen...hope you get the skype thing going...I'm IN!
thanks for posting. next week i should have skype running
  • #170
  • Oct 10, 2011 4:12am Oct 10, 2011 4:12am
Good morning traders. Good start this morning. 5m chart, SMMA 9, shift 3 on the signal line. 70 pips. Going to trade this live (small lot) at the London open this week. Have attached a version of the signal generator set up for 5m charts with the SMMA line set to period 9, shift 3 pursuant to suggestion by Lesso. It is more sensitive at 9, and gives more signals.


George
Attached File(s)
File Type: ex4 LessoSignals.v1.3(5m).ex4   14 KB | 428 downloads
  • #171
  • Oct 10, 2011 7:50am Oct 10, 2011 7:50am
Quoting EasyRyder
Good morning traders. Good start this morning. 5m chart, SMMA 9, shift 3 on the signal line. 70 pips. Going to trade this live (small lot) at the London open this week. Have attached a version of the signal generator set up for 5m charts with the SMMA line set to period 9, shift 3 pursuant to suggestion by Lesso. It is more sensitive at 9, and gives more signals.


George
good deal george, Im still in from the signal at 0604 est. 44 pips right now. SL is 1.3585 or +19.
  • #172
  • Oct 10, 2011 7:57am Oct 10, 2011 7:57am
I got back in for hte 6:05 signal (5m chart), and out for 30 pips. Back in for the 8:20 signal, and out for 25 pips. I am about finished for the day.

I think you are the better trader for staying in the trade longer. I am still struggling to aquire the discipline to stay in through the pullbacks.

George

Quoting XxLessoxX
good deal george, Im still in from the signal at 0604 est. 44 pips right now. SL is 1.3585 or +19.
  • #173
  • Oct 10, 2011 8:16am Oct 10, 2011 8:16am
Quoting EasyRyder
I got back in for hte 6:05 signal (5m chart), and out for 30 pips. Back in for the 8:20 signal, and out for 25 pips. I am about finished for the day.

I think you are the better trader for staying in the trade longer. I am still struggling to aquire the discipline to stay in through the pullbacks.

George
I really let the market decide to take me out or not. Its less stressful that way than having to choose whether or not to stay. Remember that I closed half of my order early so Im still only running a small lot there. And truth be told I may have been out already had I not taken the kids to school this morning lol. New sl is 1.36096...+30. Nice job today...lots of pips easy rider.
Attached Image (click to enlarge)
Click to Enlarge Name: m10.jpg Size: 132 KB
  • #174
  • Oct 10, 2011 10:26am Oct 10, 2011 10:26am
Quoting XxLessoxX
I really let the market decide to take me out or not. Its less stressful that way than having to choose whether or not to stay. Remember that I closed half of my order early so Im still only running a small lot there. And truth be told I may have been out already had I not taken the kids to school this morning lol. New sl is 1.36096...+30. Nice job today...lots of pips easy rider.
UPDATE: plus 105 pips and still going. Sl is 1.3640.
  • #175
  • Edited 5:53am Oct 11, 2011 5:43am | Edited 5:53am
Took this trade a little while ago. Didn't have time to post it when it happened cause I was too busy managing the trade (trading live).

Took 1/2 off at 10 pips and letting other half ride hoping for a run.

I like this system so far, thanks a lot for posting it. Last week I made 20% on my account only risking 2% per trade.

Looking forward to the Skype room so maybe we can pick up on some nuances that aren't in the thread.

Happy trading folks!

Attached Image (click to enlarge)
Click to Enlarge Name: chart-1.gif Size: 23 KB


UPDATE: +10 on 1/2 and +7 on other half
"Be the change that you wish to see in the world." --Gandhi
  • #176
  • Oct 11, 2011 5:03pm Oct 11, 2011 5:03pm
I obviously don't get it because I have lost all but one of the trades I entered. I thought I understood the entry points but obviously not since every trade has gone against me. So maybe some skype time would help! I think my problem is that I let the alert window drive my trading; or it could be that I did not load the latest indicators (this I can fix). Don't want anyone to feel sorry for me or feel like they have to defend this method. Just saying I need to figure this out better.
  • #177
  • Oct 11, 2011 9:29pm Oct 11, 2011 9:29pm
Quoting Wally1953
Took this trade a little while ago. Didn't have time to post it when it happened cause I was too busy managing the trade (trading live).

Took 1/2 off at 10 pips and letting other half ride hoping for a run.

I like this system so far, thanks a lot for posting it. Last week I made 20% on my account only risking 2% per trade.

Looking forward to the Skype room so maybe we can pick up on some nuances that aren't in the thread.

Happy trading folks!

Attachment

UPDATE: +10 on 1/2 and +7 on other half
great results...still figuring out the skype thing...never used it before...if you guys want to pm me your skype names Ill add you into my list.
  • #178
  • Oct 11, 2011 9:30pm Oct 11, 2011 9:30pm
Quoting Vigilanti
I obviously don't get it because I have lost all but one of the trades I entered. I thought I understood the entry points but obviously not since every trade has gone against me. So maybe some skype time would help! I think my problem is that I let the alert window drive my trading; or it could be that I did not load the latest indicators (this I can fix). Don't want anyone to feel sorry for me or feel like they have to defend this method. Just saying I need to figure this out better.
posting your enrties and a pic of your charts will help us get you going.
  • #179
  • Oct 12, 2011 6:18am Oct 12, 2011 6:18am
Hello Lesso. It was an interesting early morning. The indi missed the major EURUSD event that began at 3:20am because MACD was out of phase with VQ when "FreshSignalOnly" was enabled. Turn FreeshSignalOnly off, and you get the signal late, but you also get signals on almost all bars. Any suggestions here?

George
  • #180
  • Oct 12, 2011 7:02am Oct 12, 2011 7:02am
Quoting EasyRyder
Hello Lesso. It was an interesting early morning. The indi missed the major EURUSD event that began at 3:20am because MACD was out of phase with VQ when "FreshSignalOnly" was enabled. Turn FreeshSignalOnly off, and you get the signal late, but you also get signals on almost all bars. Any suggestions here?

George
Yeah, I got the signals at around 0336. I also started looking at a zero lag macd as a signal instead of the dinapoli one. would the indi only call on a certain length of macd or what ever is on the chart, as in, if I set the macd to 7,12,5 would it use the signals from that or only the default setting of the macd?
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