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  • #701
  • Nov 21, 2011 3:39pm Nov 21, 2011 3:39pm
Quoting fratelli
I knew you been reading the rules.LOL

about what you ask I am sorry, but I am not sure if I understand your quistion.
Its not your fault, its mine, because English is not the best for my.
Ask in Danish and I can answer correct.

ok I will try answer the way I think you ask.

you can well have a candle that open below 89 ema but close above 89 ema if its green and all ohter rules are ok, take the trade.

You can also have a red candle that open above 89 ema. if that change to a green candle and all ohter rules is ok take the trade.

I dont...
Hi Peter,

Yes, english is difficult for me too. I just want to know if Dragosd1 is right in post 687. If he is right, entry in post 618 is not correct?

I just want to understand rules correctly...

Thank you
  • #702
  • Nov 21, 2011 3:41pm Nov 21, 2011 3:41pm
yes the super trend candles repaint but only by one, not like most other repainters, i dont think over the course of the long haul this wouldve hurt very much in the backtest
  • #703
  • Nov 21, 2011 3:46pm Nov 21, 2011 3:46pm
[quote=fratelli;5153890]
Quoting MickyMouse

no I am not.
And I hope no one does, because I dont belive in ea.

EA= Emty account.

And I also mean there is no shortcut to be a good trader.
You need to work very hard to beat the marked makers, so the best adwise I can you.
Learn to trade and dont think a EA can make you a milionare overnight, while you jumping around in Las Vegas having some fun

Learn your skill in this business and one day you can maybee call yourself I am a forex trader not a gambler.

I am not saying this to offend any one here.
Its just my...
I second that!! Here is why. First, I have been trading for over 30 years. I am no newbie. I had a system I was forward testing since July this year. It was making close to 1000 pips a month with only 1 or 2 losses in a row for 3 months. I often had a string of winners in a row and was averaging close to 80% wins. When this Greece crisis flared up again in Oct. the system fell apart and there were 14 losses in a row before I stopped trading it.

I am a little worried about the "New Rules" this weekend. Not that they are not a good change. It is because it was determined, from what I read, from a "small" sample of trades. What is small? What is time tested strategy? Why didn't the rules work on GBP/USD?

Here is one reason the rules didn't work on GBP/USD. The market conditions are different for GBP/USD. I will tell you the market conditions will change for EUR/USD and EUR/JPY. They always do. They are very correlated pairs along with AUD/USD.

EA's stop working for this reason. I had a system in 2009 that was doubling my money every 2 months. After 6 months of trading it stopped working. You could see why also. The market changed.

There was a very dependable EA, that I won't mention here, that worked on the UK open for me for over 12 months. Then it stopped. It had a 7 year track record. They started trying different parameters but to no avail. It may start working again but once you go into a large draw down most systems are abandon.

So here is my prediction. This system will take the route that another good system did on FF that has been going on for over 3 years now. You will have to do some human analysis if you should take the signal or not. By this I mean, where are the S/R levels, pivots, trend lines, and on and on. It will not be easy money.

This system has very clear rules for now. That is good. But no EA is going to beat the market. There are reasons but one that is obvious to me is market conditions will change. They always have for me.

David
  • #704
  • Nov 21, 2011 3:54pm Nov 21, 2011 3:54pm
[quote=tortoise;5154134]
Quoting fratelli

I second that!! Here is why. First, I have been trading for over 30 years. I am no newbie. I had a system I was forward testing since July this year. It was making close to 1000 pips a month with only 1 or 2 losses in a row for 3 months. I often had a string of winners in a row and was averaging close to 80% wins. When this Greece crisis flared up again in Oct. the system fell apart and there were 14 losses in a row before I stopped trading it.

I am a little worried about the "New Rules" this weekend. Not that...
you are so right on that.
I also agree that marked will change over and over again.

Its just my hope we will realise it fast and then see if we can do anything about it.

If not then hopefully there is ohter pairs at that time we can use for this setup.

But its hard work to keep up with the sharks out there.

Thanks for coming here and bring some light to us.

Peter
  • #705
  • Nov 21, 2011 4:04pm Nov 21, 2011 4:04pm
[quote=tortoise;5154134]
Quoting fratelli

I second that!! Here is why. First, I have been trading for over 30 years. I am no newbie. I had a system I was forward testing since July this year. It was making close to 1000 pips a month with only 1 or 2 losses in a row for 3 months. I often had a string of winners in a row and was averaging close to 80% wins. When this Greece crisis flared up again in Oct. the system fell apart and there were 14 losses in a row before I stopped trading it.

I am a little worried about the "New Rules" this weekend. Not that...
yes i agree, im only 26 and in my 3-4 years trading, i see this all the time, but hopefully we can adapt with it, if things fail, change settings, look at another pair, and if all else fails, take advantage of it while its here
  • #706
  • Nov 21, 2011 4:18pm Nov 21, 2011 4:18pm
well i have a way of liking clean charts .... also , my idea was to build an indicator acording to the rules, which, when all rules are met, pops up an alarm, a popup window with entry price, sl, tp and an option to click yes if you want the order to be executed.

for me it makes life easyer and trading easyer.... that`s all .
  • #707
  • Nov 21, 2011 4:23pm Nov 21, 2011 4:23pm
Hi Pietro.. it's correct?



ps.
are you italian??
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  • #708
  • Nov 21, 2011 4:24pm Nov 21, 2011 4:24pm
Quoting Danyjoe
Hi Pietro.. it's correct?



ps.
are you italian??
thats exactly how my charts looks
  • #709
  • Nov 21, 2011 4:24pm Nov 21, 2011 4:24pm
Quoting MickyMouse
well i have a way of liking clean charts .... also , my idea was to build an indicator acording to the rules, which, when all rules are met, pops up an alarm, a popup window with entry price, sl, tp and an option to click yes if you want the order to be executed.
for me it makes life easyer and trading easyer.... that`s all .
I agree MM, I really need a "pay attention to the chart NOW" alert. I have to work for a living so I can't watch the charts. If you or someone else doesn't make one, I'll pull one together once I get a chance. (And once I really understand all the rules. )

I want indicators that tell me when things are getting close to a signal, though. It's nice to see when one's coming.
  • #710
  • Nov 21, 2011 4:26pm Nov 21, 2011 4:26pm
Quoting deankenny21
thats exactly how my charts looks
so you are agree with my entry?
  • #711
  • Nov 21, 2011 4:26pm Nov 21, 2011 4:26pm
Quoting garyfritz
I agree MM, I really need a "pay attention to the chart NOW" alert. I have to work for a living so I can't watch the charts. If you or someone else doesn't make one, I'll pull one together once I get a chance. (And once I really understand all the rules. )

I want indicators that tell me when things are getting close to a signal, though. It's nice to see when one's coming.
there is an alert now for the white arrow, i just check chart everytime i get it, and most the time its just price moving, but sometimes its the arrow your going to trade from
  • #712
  • Nov 21, 2011 4:27pm Nov 21, 2011 4:27pm
Quoting Danyjoe
Hi Pietro.. it's correct?



ps.
are you italian??
o sorry i did not know u entered, thought u were asking if it was setup correctly.

As for the entry, no not for me, worst possible time to trade is the Aussie session, slowest place in the world, but looks ok if this was any other time of the day.
  • #713
  • Nov 21, 2011 4:29pm Nov 21, 2011 4:29pm
Quoting Danyjoe
Hi Pietro.. it's correct?



ps.
are you italian??

I have the same entry
  • #714
  • Nov 21, 2011 4:30pm Nov 21, 2011 4:30pm
Quoting Danyjoe
Hi Pietro.. it's correct?



ps.
are you italian??
if its me you asking, no I am Danish.

but I know my usename mean Brohters on Italian.

Peter
  • #715
  • Nov 21, 2011 4:30pm Nov 21, 2011 4:30pm
Quoting Pagouras
I have the same entry
Timeframe: 10 mins.

Indicators:

Macd collared settings 12-26-10
EMA 2-15 cross
Super trend candles settings 10 1.7
FF cal
MA in colour 89 ema
FPM I-ParamonWorkTime set to start at 05.50 end time 18.30 GMT
P4L PeriodCon
Super Trend

Pair I tested: EURUSD, AUDUSD and EURJPY (GBPUSD)


Rules for Long trade:

· If super candles are green we only look for long
· Price needs to CLOSE above the 89 EMA.
· We need to see an up histobar clearly printed above the yellow line on MACD


When these rules are met we put a pending order long 4 pips above the closing price of the signal candle.


Rules for Short trade:

· If super candles are red we only look for short
· Price need to CLOSE below the 89 EMA.
· We need to see an down histobar clearly printed below the yellow line on MACD
  • #716
  • Nov 21, 2011 4:31pm Nov 21, 2011 4:31pm
I was just wonder if my chart looks correct.
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With God all things are possible.
  • #717
  • Nov 21, 2011 4:31pm Nov 21, 2011 4:31pm
Quoting deankenny21
o sorry i did not know u entered, thought u were asking if it was setup correctly.

As for the entry, no not for me, worst possible time to trade is the Aussie session, slowest place in the world, but looks ok if this was any other time of the day.
yes apart the slow session..
only to understand the right entries
thanks!
  • #718
  • Nov 21, 2011 4:32pm Nov 21, 2011 4:32pm
Quoting Danyjoe
yes apart the slow session..
only to understand the right entries
thanks!
yes, seems as all rules are met
  • #719
  • Nov 21, 2011 4:34pm Nov 21, 2011 4:34pm
Quoting Pagouras
I have the same entry

Hi

you take trades outside the recommended timezone

Peter
  • #720
  • Nov 21, 2011 4:34pm Nov 21, 2011 4:34pm
Quoting fratelli
if its me you asking, no I am Danish.

but I know my usename mean Brohters on Italian.

Peter
exact
I'll follow your post tomorrow!
good night!
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