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Fratelli Intraday trading system

  • #861
  • Nov 22, 2011 4:44am Nov 22, 2011 4:44am
Quoting stevebalmmer
double top on m 10.
then go play technical analysis and sell, not to do with rules currently, until peter says so
  • #862
  • Nov 22, 2011 4:45am Nov 22, 2011 4:45am
Quoting deankenny21
then go play technical analysis and sell, not to do with rules currently, until peter says so
What's a double top???

Small disciplines repeated with consistency lead to great achievements.
  • #863
  • Nov 22, 2011 4:45am Nov 22, 2011 4:45am
Quoting MickyMouse
can please Fratelli answer the question ,

is the order still valid if a bar has passed from the signal bar? (yes ore no) ?
dean has taken the trade so I guess you keep the order open untill the 4 pip buffer is hit (I cancelled my pending order after the first bar), but then some time in the future that price will get hit anyway but your not going to keep a pending order open for ever

I've read this thread, deans thread and the pdf, so Im going to go re-read it all so I know how long we allow a signal to be valid for
  • #864
  • Nov 22, 2011 4:46am Nov 22, 2011 4:46am
Quoting Blackeagle
Dean already answered this a few pages back. Spread is already included in buy orders, that is the reason you put 4 pips on close price for longs and 3 pips for shorts. So if close price is 1. 3541 on a buy signal, then you should enter 1.3545 as a pending buy order. Hope it is clear now.

Sorry Blackeagle but this is not how Dean has just said he operates.

He clicks the buy button when 1.3545 is seen on his bid charts. That enters a buy order at 1.3545 + spread = 1.3548 in my case.

He doesn't use pending orders but if he did he would be entering at 1.3545 + spread.
  • #865
  • Nov 22, 2011 4:47am Nov 22, 2011 4:47am
Quoting Nizdraw
dean has taken the trade so I guess you keep the order open untill the 4 pip buffer is hit (I cancelled my pending order after the first bar), but then some time in the future that price will get hit anyway but your not going to keep a pending order open for ever

I've read this thread, deans thread and the pdf, so Im going to go re-read it all so I know how long we allow a signal to be valid for
correct, every rule is still in place, so still valid till one is no longer lined up

this could be a double to, a high or whatever i dont care, i know over time this system outwieghs to the positive side, if this loses, it will be my first loser of the week, after a 6 or 7 win streak, so im well up
  • #866
  • Nov 22, 2011 4:47am Nov 22, 2011 4:47am
yes, but its a risk.my long on euro entry is 1.3544.
Quoting deankenny21
then go play technical analysis and sell, not to do with rules currently, until peter says so
  • #867
  • Nov 22, 2011 4:50am Nov 22, 2011 4:50am
Quoting deankenny21
correct, every rule is still in place, so still valid till one is no longer lined up

this could be a double to, a high or whatever i dont care, i know over time this system outwieghs to the positive side, if this loses, it will be my first loser of the week, after a 6 or 7 win streak, so im well up
Well and you could have still taken the trade and been profitable, not really following the rules, but you don't have to hold onto a trade you don't like (or take it in the first place for that matter). Discresion can still be part of a mechanical trading system and in fact, should be.
Small disciplines repeated with consistency lead to great achievements.
  • #868
  • Nov 22, 2011 4:50am Nov 22, 2011 4:50am
, all rules met for the aussie short, is it good ore not?
  • #869
  • Nov 22, 2011 4:51am Nov 22, 2011 4:51am
Quoting leerees
Hi Guys,

Looking to demo this system today. Is the first post up to date with the correct files and entry methods?

I downloaded fratelli 1.2 and this is the entry conditions:

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

Is this correct?

Also, I just had an alert popup saying eur.usd ema crossing down, yet price was nowhere near the black and white ema line.
I know that all but my candles multiplier value reset to 2.5 on restarting the MT4. So made that mistake.
  • #870
  • Nov 22, 2011 4:51am Nov 22, 2011 4:51am
In short on AUDUSD 0.98562.
  • #871
  • Nov 22, 2011 4:52am Nov 22, 2011 4:52am
long eu and short au

interesting situation
  • #872
  • Nov 22, 2011 4:52am Nov 22, 2011 4:52am
Quoting deankenny21
correct, every rule is still in place, so still valid till one is no longer lined up

this could be a double to, a high or whatever i dont care, i know over time this system outwieghs to the positive side, if this loses, it will be my first loser of the week, after a 6 or 7 win streak, so im well up
thanks for the clarification dean, so the pending order remains open waiting to fill and signal valid until either of the following happen, a super trend candle goes red, the macd crosses the yellow line, the price closes the other side of the 89ma
  • #873
  • Nov 22, 2011 4:53am Nov 22, 2011 4:53am
just taken my first trade, short AU
  • #874
  • Nov 22, 2011 4:55am Nov 22, 2011 4:55am
Quoting Nizdraw
thanks for the clarification dean, so the pending order remains open waiting to fill and signal valid until either of the following happen, a super trend candle goes red, the macd crosses the yellow line, the price closes the other side of the 89ma
PO is in the pdf yes so use that, but i use my eyes, and use 4 pips on the price line on chart, and add 4 or take 4 in my mind then wait for tht price and hit the correct button at market
  • #875
  • Nov 22, 2011 4:55am Nov 22, 2011 4:55am
is your macd below yellow on closed candle .

mine is jyst below on this open candle

it can be a broker issue.

Peter
  • #876
  • Nov 22, 2011 4:57am Nov 22, 2011 4:57am
Quoting fratelli
is your macd below yellow on closed candle .

mine is jyst below on this open candle

it can be a broker issue.

Peter
Mine is the same as yours so haven't taken the aussie.
  • #877
  • Nov 22, 2011 4:58am Nov 22, 2011 4:58am
Quoting fratelli
is your macd below yellow on closed candle .

mine is jyst below on this open candle

it can be a broker issue.

Peter
hi Peter, yes mine is below, on the signal candle with arrow.
Attached Image
  • #878
  • Nov 22, 2011 4:58am Nov 22, 2011 4:58am
I don't see any MACD down histo on AUDUSD, so no trade for me... yet
  • #879
  • Nov 22, 2011 4:59am Nov 22, 2011 4:59am
Quoting deankenny21
hi Peter, yes mine is below, on the signal candle with arrow.

Mine is the same as yours Dean.
  • #880
  • Nov 22, 2011 5:00am Nov 22, 2011 5:00am
Quoting deankenny21
hi Peter, yes mine is below, on the signal candle with arrow.

ok

Peter
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