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X-Man's Super Simple System

  • #61
  • Nov 26, 2011 9:04am Nov 26, 2011 9:04am
X-Man:

Can you tell me what your settings are on your indicators? I downloaded them to MT4, but my charts are not looking anything like yours (re: synergy bars and alerts).

Looks like a good system; want to backtest.

Thanks,
  • #62
  • Edited 9:50am Nov 26, 2011 9:25am | Edited 9:50am
Hi Xman,

Thanks for sharing your systems.

Regarding the Template you look for: you must save it in C:/WINDOWS/USER/PUBLIC/PUBLIC IMAGES otherwise you won't find it searching your MT4 folders in windows explorer....

I've some questions about the systems.

1H system:
1) Must we set our vertical lines at 6 & 12 GMT, regardless of broker time?
2) How do you set SL & TP once you get a signal?

4H system:
1) Must we trade only the bottom of ascending 4H channel and the top of descending ones? Or can we trade both the extremes of a 4H Channel?
2) In the first case, must the 4H channel be in the same direction of D1 channel?
3) We trade these points also if PA is far from 60 EMA? (i.e. we go long @ the bottom of ascending channel also if 60 ema is above the price & going down?)
4) Could you post some example charts with your entries marked with clear vertical lines?

Thanks!
  • #63
  • Nov 26, 2011 9:42am Nov 26, 2011 9:42am
Quoting X-Man
Guys another important tip is to select your bar chart so you are able to see the open and close of a candle on the synergy bars
I keep a second chart open with regular candles.
My favorite crochet hook is size J. It's a J-Hook!
  • #64
  • Nov 26, 2011 9:47am Nov 26, 2011 9:47am
I think that you mean your TP can be 1:1 or 1:2 or 1:3 - usually it is read as Risk:Reward -- don't want to risk more than the reward, right? Or am I missing something here?
Thanks

Quoting X-Man
My SL will be the high swing or low swings
TP can be 1:1 or 2:1 or 3:1
  • #65
  • Nov 26, 2011 10:19am Nov 26, 2011 10:19am
its my chart, when i trade eu 1h tf..


blue line - london opens
white line - ny opens
red line - london closed.
white line (large stripes) - new day.

second chart, when i trade xman's long term strategy.


TY Xman 4 sharing.
Attached Image(s) (click to enlarge)
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  • #66
  • Nov 26, 2011 11:09am Nov 26, 2011 11:09am
Quoting X-Man
Guys another important tip is to select your bar chart so you are able to see the open and close of a candle on the synergy bars
Please, X-Man, How do you determine
the output of a trade?
Thanks
vcary
  • #67
  • Nov 26, 2011 11:27am Nov 26, 2011 11:27am
Hi X-Man!

I have taken interest in your H4 trading methodology. Its simple and easy and I have done back testing for a number of pairs. But I have a query.

Does your SHI channel changes from downtrend to uptrend channel as the PA moves? Under what condition will the SHI channel changes and reverse? Reason being, I can only see the downtrend SHI channel for my AU, EU and GU H4 pair. Please kindly advice =)
  • #68
  • Nov 26, 2011 11:32am Nov 26, 2011 11:32am
Quoting fivex
multi quote,,, thanks again idiot it was a nice setup, i did not even have the pair running until you pointed it out
Lol... luv how my screen name keeps deteriorating...
  • #69
  • Nov 26, 2011 11:32am Nov 26, 2011 11:32am
Quoting X-Man
The 4H swing trade method

[i][size=5][color=Blue][size=3]Time frame - 4H
Pairs- Any pair you feel like trading (look for pairs thats trending)
Times- Any time of the day
Indicators - TDI with the blue bands, Synergy bars , SHI Channel , 4 EMA shift 0 ,
60 EMA shift 0.

Method is as follows :
-When Price is under the 60 EMA then we are in a downtrend so we sell the tops
- That is when the 4 EMA start to touch the 60 EMA and price touches the top of the SHI channel.
- On TDI you will see...

Hi, Xman,
would you be so kind to post both template for 1hr and 4hr.Thanks
  • #70
  • Nov 26, 2011 12:00pm Nov 26, 2011 12:00pm
Thanks X-Man for your time to share your methods . There is one point
of confusion for me . In your statement below - what is the second vertical line you refer to ? NY session ? You also stated that if no signal
appears until 3 rd bar you pass on trading that session . Does this mean
you wait until NY opens assuming you saw no trades at London open ?
If I understand you correctly the session openings are the whole basis of
your trades . Should TDI cross say 3hrs after London open you don`t
trade it ? Please correct me if I have this wrong .




This is mostly the case for the first vertical line, the direction mostly starts 1 candle after the first vertical line
the second vertical line the trade mostly happens on the vertical line. With experience and back testing i have noticed this.
Another reason why i wouldnt enter on the first blue candle is that when you draw you fibb retracement levels from high to the low on the 1H chart you will notice that PA went to 38% and then came back down.
That small blue candle was when PA was bouncing off the 0% level and going down so even before the bounce on TDI i expected PA to go down

[/quote]
  • #71
  • Nov 26, 2011 1:35pm Nov 26, 2011 1:35pm
Can you post your template? Really? I don't mean to be an ass, but if you can't set up a chart with 4 measly indicators, you should really look at another way of making money. X-Man has taken his time to set up this thread, given you the indicators that he uses, posted charts of what your chart should look like, given you the simple rules to enter a trade, does he have to place the trade for you as well?
  • #72
  • Nov 26, 2011 1:43pm Nov 26, 2011 1:43pm
Quoting syracuse4x
does he have to place the trade for you as well?

Do you think he'd really do that for me ???....
  • #73
  • Nov 26, 2011 1:45pm Nov 26, 2011 1:45pm
Subscribed
  • #74
  • Nov 26, 2011 1:52pm Nov 26, 2011 1:52pm
Quoting spyderman
Do you think he'd really do that for me ???....

LOL
  • #75
  • Nov 26, 2011 2:24pm Nov 26, 2011 2:24pm
and yes i trade only 4H for my swing trading method with the daily TF set.

Sorry but I don't quite get the meaning of this. Do you somehow put the Daily TF onto the 4H chart? I don't know how to do this. Or do you run 2 screens side by side - one = D. & one= 4H. Anyone feel free to pop in with an answer. thanks, p.
  • #76
  • Nov 26, 2011 2:27pm Nov 26, 2011 2:27pm
Quoting piprac
and yes i trade only 4H for my swing trading method with the daily TF set.

Sorry but I don't quite get the meaning of this. Do you somehow put the Daily TF onto the 4H chart? I don't know how to do this. Or do you run 2 screens side by side - one = D. & one= 4H. Anyone feel free to pop in with an answer. thanks, p.

He sets the sonic channel on daily TF then trades off the 4h
  • #77
  • Nov 26, 2011 3:04pm Nov 26, 2011 3:04pm
Quoting alteclansing
Not a problem EP,
Also remember EMA60, ......
....
2. .... when open and close price has not much difference, I just close it
3. Tail is creating a support |||
Hilary
Quoting X-Man
Hey there
The 4 EMA shift 2 ....
The reason .... is because that blue candle doesnt show me much movement and it was weak.
...
Another reason.... draw you fibb retracement levels from high to the low on the 1H chart....
.
Hilary and X-Man, your feedback much appreciated.
Look forward to testing, but will have to await my return from vacation. Happy Holidays to all,
EP
  • #78
  • Nov 26, 2011 7:22pm Nov 26, 2011 7:22pm
Quoting piprac
and yes i trade only 4H for my swing trading method with the daily TF set.

Sorry but I don't quite get the meaning of this. Do you somehow put the Daily TF onto the 4H chart? I don't know how to do this. Or do you run 2 screens side by side - one = D. & one= 4H. Anyone feel free to pop in with an answer. thanks, p.

Hey Piprac:

I think what he is meaning is that he sets his sonic shi channels to show daily channel while looking at his 4 hour charts. That's the neat thing about that particular indicator that you can set it to show say daily shi channels even if your are looking at the 1minute charts. Hope this helps man.
"IN CASH WE TRUST"
  • #79
  • Nov 26, 2011 7:27pm Nov 26, 2011 7:27pm
What you need to do is go to "visualization" tab on your SHI channel indicator, and uncheck "show all" and check "daily".
Then when you go to your 4H timeframe, you will have to zoom out to find the channel -- it is there, then zoom in to trade. This gives an idea of the pa.
Hope this makes sense
Leona
  • #80
  • Nov 26, 2011 7:31pm Nov 26, 2011 7:31pm
Really - only post #71 and you must be rude? Don't pollute the thread, all are here to learn and help each other, not tear each other down. Be nice, all.
Hope this does not offend anyone
Leona

Quoting syracuse4x
Can you post your template? Really? I don't mean to be an ass, but if you can't set up a chart with 4 measly indicators, you should really look at another way of making money. X-Man has taken his time to set up this thread, given you the indicators that he uses, posted charts of what your chart should look like, given you the simple rules to enter a trade, does he have to place the trade for you as well?
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