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System Test: Invictus V Fratelli 541 replies

Trading the Invictus method 4 replies

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Invictus

  • #1,581
  • Nov 16, 2011 9:05pm Nov 16, 2011 9:05pm
Quoting Batavier
Check post 459 for mod. I had same problem but this fixed it.
Wonderful! Thank you very kindly. Works like a charm.
  • #1,582
  • Nov 16, 2011 9:14pm Nov 16, 2011 9:14pm
Quoting wilsonch
Udine,

one more question on the rules.. I understand that the signal will become invalidated when the MTF changes color. What about the change in OHLC but other rules still comply with?

Here's an example screenshot.

http://img835.imageshack.us/img835/8724/validation.png

This example, we are looking at SHORT signal. with ATR green, MTF all RED, signal bar RED, no news, away from pivot.. but the bar next to signal bar change color to green OHLC, and change back...
Wilsonch,

its no problem, as you can see with the green OHLC there was no break out of the low, but the nex red OHLC bar gave you the break out so entry. So to answer your question: yes

Udine
Sleep less, live fast, as it aint gonna last
  • #1,583
  • Nov 16, 2011 9:32pm Nov 16, 2011 9:32pm
Quoting Udine
Wilsonch,

its no problem, as you can see with the green OHLC there was no break out of the low, but the nex red OHLC bar gave you the break out so entry. So to answer your question: yes

Udine
awesome udine! i think i'm 99% sure with the system now.. the remaining 1% would be to keep on practice until i see consistent green pips! thanks udine! Grazi!
  • #1,584
  • Nov 16, 2011 9:35pm Nov 16, 2011 9:35pm
Quoting f4mnect
maybe start another thread on this ea stuff, please don't ruin another thread and trading system with another ea. not you specifically but ea's in general.

I fully agree with f4mnect, so I have opened a seperate thread for the EA's and their development:

http://www.forexfactory.com/showthre...25018&page=105

so here we ca nstay focussed on manual trading.

Green pips

Udine
Sleep less, live fast, as it aint gonna last
  • #1,585
  • Nov 16, 2011 10:02pm Nov 16, 2011 10:02pm
HI guys, here's my 99% understanding of the system, I'm demoing with the rules listed below. I'm very strict and precise with my own rules as in how many minutes towards, and how many pips. As I find that many newcomers will have lots questions regarding the rules, hopefully this will help ya! Udine and the others please kindly help to point out the errors to help the rest. Thanks!



Timeframe: 15M
Pairs: EU & GU

LONG
1.- All MTF HA green.
2.- OHLC green.
3.- BO Signal Bar green: Break Out of Signal Bar (up for Long )
4.- min. 10 pips distance to the pivot in the direction of the trade
5.- xADR green & RmUp/Dn green
6.- no trading 30 minutes before/after HIGH impact news comes out (I personally set 30 minutes)

SHORT
1.- All MTF HA red.
2.- OHLC red.
3.- BO Signal Bar red: Break Out of Signal Bar (down for Short)
4.- min. 10 pips distance to the pivot in the direction of the trade
5.- xADR green & RmUp/Dn green
6.- no trading 30 minutes before/after HIGH impact news comes out (I personally set 30 minutes)

Couple of points to take notes:-
1. – MTF change in color after signal bar -> Invalid signal, wait for next setup
2. – OHLC change in color after signal bar -> Signal still valid if it breakouts the signal bar in the correct OHLC color (green for Long, red for Short)
3. – be aware of signals during London Frankfurt lunch break – low momentum signal

I tend to be precise with what I do, I only take trades min 10 pips to the pivot in the trade direction and min 10 pips to daily opening. 10 pips is 10 pips, 30 minutes is 30 minutes. that's how i trade. One more point: when I say signal bar, I mean the one with the arrow, I only trade arrow.

Green pips everyone!
  • #1,586
  • Nov 16, 2011 10:37pm Nov 16, 2011 10:37pm
Quoting mcs
Also posting three pivots indicators (each displaying 5 levels), they altogether display all pivot and round levels used in the above EA and MTF HA indicator.
They are not needed for the EA or the indicator to work, but you might want to put them on the chart for your reference.
I will test and report. Thanks.
  • #1,587
  • Nov 16, 2011 10:49pm Nov 16, 2011 10:49pm
I know that this trade is a bit early. But outside of that fact, would this be a valid trade?
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  • #1,588
  • Nov 16, 2011 11:00pm Nov 16, 2011 11:00pm
Quoting ubp
I know that this trade is a bit early. But outside of that fact, would this be a valid trade?

UBP,

the entry would be on the break out of the high of the bar with the arrow.

Udine
Sleep less, live fast, as it aint gonna last
  • #1,589
  • Nov 16, 2011 11:05pm Nov 16, 2011 11:05pm
33pips +8.25%
i meet successful traders who makes 200Pips daily
some make 600pips.nailing only 50% monthly trading full time.
3hrs a day I'M off with 3-5% in the bank
this system is increasing my live account like crazy breeding rabbit population
who says making money is hard during recession?
is this my Grail??
  • #1,590
  • Nov 16, 2011 11:08pm Nov 16, 2011 11:08pm
Quoting fxpreach
33pips +8.25%
i meet successful traders who makes 200Pips daily
some make 600pips.nailing only 50% monthly trading full time.
3hrs a day I'M off with 3-5% in the bank
this system is increasing my live account like crazy breeding rabbit population
who says making money is hard during recession?
is this my Grail??
You want to see the Grail??

LOOK IN THE MIRROR

GREAT TRADING

Udine
Sleep less, live fast, as it aint gonna last
  • #1,591
  • Edited Nov 17, 2011 12:10am Nov 16, 2011 11:14pm | Edited Nov 17, 2011 12:10am
Quoting deankenny21
demo is not always good.

You will never learn emotions in demo
just like you said there, no problem, but is that really the case if you want to trade full time.

A mentor told me never ever trade a demo, at the minimum trade a very small 50$ account, at oanda u can trade 1cents per pip, u dont lose much but its still real money to start learning emotions.
I highly redommend that new traders, or anyone that is using a new trading platform, start with a demo account. Use it for a minimum of a week; a month is better. The point of using the demo account is to get familiar with the charting and the order entry system for that platform and NOTHING MORE. Think of driving a car. If you've been driving regularly for a year or more, you can drive, talk, eat, apply makeup, etc., etc., and successfully arrive at your destination point. But could you drive and do ANYTHING else at the same time during the first week in the car? (I'm talking about an automatic transmissin car here. It's even worse if you're learning a manual transmission.)

After you have the mechanical skills mastered and know where to find things in the software, you are ready to move to a live account. As suggested by others, start with a tiny account with enough money to be able to make reasonable trades, but with money that you can absolutely say "GOODBYE" to. There are only 2 kinds of traders: Those that have blown an account; those that will blow an account. Blow yours on $50 or $100 and you'll feel it was a small investment in learning to be a master trader. Blow it on $5000 or $10000 and you'll have a steep psychological (and for some financial) problem to overcome.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #1,592
  • Nov 16, 2011 11:15pm Nov 16, 2011 11:15pm
Good morning all

new day new chances for green pips.

Udine
Sleep less, live fast, as it aint gonna last
  • #1,593
  • Edited Nov 17, 2011 12:41am Nov 16, 2011 11:39pm | Edited Nov 17, 2011 12:41am
Quoting Udine
You want to see the Grail??

LOOK IN THE MIRROR

GREAT TRADING

Udine
thats why im worried.
can we have a separate thread for this EA " X-InvictusEA" perhaps

i guarantee this EA cannot make 1% per day, no public EA has ever done either:
1. simply the market will change or
2. the banks will retaliate if the EA is so good,i have a bad feeling if there is too many losses to the banks, they will implement counter trade setups with their super computers to make it fair for them as well after all they are the market maker. I'm not talking about brokers except which are bucket shops. 10pip risking 5% is an easy target. what if the bank re-quote it 5pips extra every now an than broker will have no choice. margin call will erase $500,000 account is few minutes.
Unfortunately it make sense, everyone cannot win, it is the basis of this system to take money of 95% of trades to the banks. if banks are loosing why it trade with us.

am i missing something? it there an Economist here by chance?
i think first choice is more likely rather than going for some short of conspiracy
  • #1,594
  • Nov 16, 2011 11:40pm Nov 16, 2011 11:40pm
Quoting fxpreach
thats why im worried.
can we have a separate thread for this EA " X-InvictusEA" perhaps

i guarantee this EA cannot make 1% per dayno public EA has ever doneeither:
1. simply the market will change or
2. the banks will retaliate if the EA is so good,i have a bad feeling if there is too many losses to the banks, they will implement counter trade setups with their super computers to make it fair for them as well after all they are the market maker. I'm not talking about brokers except which are bucket shops. 10pip risking 5% is an easy target....

Its already there: http://www.forexfactory.com/showthre...08#post5140908

I want to keep this thread clear of EA discussions.

Udine
Sleep less, live fast, as it aint gonna last
  • #1,595
  • Nov 16, 2011 11:46pm Nov 16, 2011 11:46pm
Quoting fxpreach
thats why im worried.
can we have a separate thread for this EA " X-InvictusEA" perhaps

i guarantee this EA cannot make 1% per dayno public EA has ever doneeither:
1. simply the market will change or
2. the banks will retaliate if the EA is so good,i have a bad feeling if there is too many losses to the banks, they will implement counter trade setups with their super computers to make it fair for them as well after all they are the market maker. I'm not talking about brokers except which are bucket shops. 10pip risking 5% is an easy target....

fxpreach,

the market is so big and we are just small fish in the big pond. besides the people who will be able to really bank green pips with INVICTUS consistently will be very limited, as with all systems.

nonf of the EA's will not be that good, so dont worry.

Green pips

Udine
Sleep less, live fast, as it aint gonna last
  • #1,596
  • Nov 16, 2011 11:53pm Nov 16, 2011 11:53pm
Quoting fxpreach
33pips +8.25%
this system is increasing my live account like crazy breeding rabbit population
That would be the Fibonacci progression.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #1,597
  • Nov 17, 2011 12:01am Nov 17, 2011 12:01am
Quoting DrDave
I highly redommend that new traders, or anyone that is using a new trading platform, start with a demo account. Use it for a
DrDave
GM to everyone

I'm with you Dave!
Now I'm in the first step. I wonna try december ranging market on demo and then go live with small account in january.
  • #1,598
  • Nov 17, 2011 12:29am Nov 17, 2011 12:29am
firs trade this morning

another loser
Attached Image (click to enlarge)
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  • #1,599
  • Nov 17, 2011 12:30am Nov 17, 2011 12:30am
goog morning all !

on eur jpy m15 there is a pending signal !
  • #1,600
  • Nov 17, 2011 12:35am Nov 17, 2011 12:35am
Quoting deankenny21
firs trade this morning

another loser

STICK TO EU & GU, get consistent there first

Udine
Sleep less, live fast, as it aint gonna last
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