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Fratelli Intraday trading system

  • #2,481
  • Nov 30, 2011 7:52am Nov 30, 2011 7:52am
Quoting TheMorpheus
So, just to understand correctly, the blu line is at 104.510 and I have 3 pips of spread, where I have to put the PO?
i enter manually never used pending orders because of spread

in this case, i simply sit with my inger on buy button, then when i see price visually go up 4 pips AKA blue line, i will click buy as fast as my finger can
  • #2,482
  • Nov 30, 2011 7:54am Nov 30, 2011 7:54am
Quoting deankenny21
the price on chart is the ask line, this would be a long trade, so spread comes into play common forex knowledge
I thought the lines on the chart is the actual price line. When I place the PO buy stop, it is base on price line and when the price actually met the price I set, it will give me the ask line price. so If price really reached 104.506, I would have entered at a price of 104.506 + spread. Longs and shorts are different, for short, you enter at the price you set but when you exit, you will have given a price above the exit point (ask line).

So therefore, I still shouldn't have entered as the price never reach 104.506

EDIT: Now that I think about it I think I know what you guys mean, the above scenario is for manual placing trades but if we are using PO buy stop, then the line that we set is considered the price that we take so it will be the ask line. is that correct?
  • #2,483
  • Nov 30, 2011 7:58am Nov 30, 2011 7:58am
[quote=johnjwong;5181533]I thought the lines on the chart is the actual price line. When I place the PO buy stop, it is base on price line and when the price actually met the price I set, it will give me the ask line price. so If price really reached 104.506, I would have entered at a price of 104.506 + spread. Longs and shorts are different, for short, you enter at the price you set but when you exit, you will have given a price above the exit point (ask line).

So therefore, I still shouldn't have entered as the price never reach 104.506[/QUOTE

The way I understand it is, when Ask price on your broker is a 104.506 and touching the line, the price you see on your chart is the Bid, so you never really see it touch when order is activated.
  • #2,484
  • Nov 30, 2011 8:01am Nov 30, 2011 8:01am
the system was created using a buffer of 4 pips up ad 3 pips down, that includes spread

so putting a pending buystop at the blue line is correct!!!!!
as well putting a pending selstop order at the red line is corect...
the sistem does have losses sometimes as all systems have .
  • #2,485
  • Nov 30, 2011 8:02am Nov 30, 2011 8:02am
Just closed 2 more trades GU and EU both winners
Trades for today:
GU: +15
EJ: - 20
EU: + 20

Total: +15
  • #2,486
  • Nov 30, 2011 8:03am Nov 30, 2011 8:03am
Quoting deankenny21
o dear, luckily Peter is not here, he will be rather angry with you.

Im staying calm today so your let off from my end



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 BBMACD above zero line
Yellow dot will tell if its above zero
When these rules are met we put a pending order long 4 pips above high of the signal candle.

Rules for Short trade:
• If super candles are red we only look for short
• Price need to CLOSE...
ON ORIGINAL RULES TEXT STATED

"When these happen we put a pending order long 4 pips above the body of the closed signal candle"

My Interpretation was 4 pips above the closed price, having been trading this from the start and hit all the trades the system stated and 2 BE Trades this week have been 20pt moves for me , Only noticed today when everyone else had a BE and i made 20pts

Thanks for the Heads Up , will keep to the rules
  • #2,487
  • Nov 30, 2011 8:06am Nov 30, 2011 8:06am
Quoting MickyMouse
the system was created using a buffer of 4 pips up ad 3 pips down, that includes spread

so putting a pending buystop at the blue line is correct!!!!!
as well putting a pending selstop order at the red line is corect...
the sistem does have losses sometimes as all systems have .
yes Mickey but everyone wasnt looking at thier brokers, spreads were incrased due to swap rates, mine nearly doubled so anybody who put pending order on the line woudlve been filled incorrectly. I have entered now and my EA took me out for +9.6 pips, chart is on my head to head thread.
at the time i entered spread was back down to 0.9 on eu for me so i was back to normal trading
  • #2,488
  • Nov 30, 2011 8:11am Nov 30, 2011 8:11am
When you follow the rules and place your orders 4 pips above and 3 pips below, you will either have a -25 -20 pip loss, or a 10 pip loss, a break-even plus 1, or a 20 pip profit.

No need to calculate spread. It is factored in the formula above and will take care of itself.
  • #2,489
  • Nov 30, 2011 8:12am Nov 30, 2011 8:12am
Quoting rivtrader
When you follow the rules and place your orders 4 pips above and 3 pips below, you will either have a -25 -20 pip loss, or a 10 pip loss, a break-even plus 1, or a 20 pip profit.

No need to calculate spread. It is factored in the formula above and will take care of itself.
please read post 2486

people need to keep eye on thier spreads especially on swap rate time like it was at NY open.

i just had winners on eu and ej, with the correct entry, when spread was back to normal, therfore making what u said viable and correct.
  • #2,490
  • Nov 30, 2011 8:15am Nov 30, 2011 8:15am
Quoting deankenny21
please read post 2486

people need to keep eye on thier spreads especially on swap rate time like it was at NY open.

i just had winners on eu and ej, with the correct entry, when spread was back to normal, therfore making what u said viable and correct.
And yes, thanks for reminding me, Dean. When spreads are out of sync, you need to know before placing the trade.
  • #2,491
  • Nov 30, 2011 8:15am Nov 30, 2011 8:15am
Quoting MickyMouse
the system was created using a buffer of 4 pips up ad 3 pips down, that includes spread

so putting a pending buystop at the blue line is correct!!!!!
as well putting a pending selstop order at the red line is corect...
the sistem does have losses sometimes as all systems have .
That is what I wanted to hear, PO on the blue/red line!
  • #2,492
  • Nov 30, 2011 8:17am Nov 30, 2011 8:17am
Quoting TheMorpheus
That is what I wanted to hear, PO on the blue/red line!
yes thats correct, but you have to keep an eye on spread.
Its not a complete lazy system, u need a little work to make profits sometimes.

Mickey made the most laziest alert in the world and well done to him

BUT

you need to check whats happening around you, PO on blue line when spreads on most brokers are still in swap rate mode is mad, and best wait for it to go back to normal.
  • #2,493
  • Nov 30, 2011 8:27am Nov 30, 2011 8:27am
With Peter's new PO lines drawn I can easily see when I would have traded. I have looked at the charts for the past 2 days plus the signals we have so far today and came up with the following:

If we have taken all the signals during 9:10 - 18:30 GMT + 2 (the normal trading time of the system) then we will have:

EU:
Today: -25 + 20 = -5
Nov 29: -10 -25 + 20 = - 15
Nov 28: -25 + 20 - 25 = - 30

EJ:
Today: -20 + 1 = -19
Yesterday: + 20 + 20 = 40
Nov 28: 20 + 20 = 40

AU:
Today: 1 = +1
Yesterday: 20 - 20 = 0
Nov 28: 20 - 20 + 20 = +20

GU:
Today: - 15 - 15 + 15 + 15 = 0
Yesterday: +15 - 15 = 0 <-- ambigious here
Nov 28: 15 + 15 - 15 - 15 = 0

In total: all 3 days = 32 pips averaging 10 pip a day for all 4 pairs

Any comments? Did I get the figures right?

Edit: So today is a bad day if we take all signal it will be -23 pips
  • #2,494
  • Nov 30, 2011 8:30am Nov 30, 2011 8:30am
Quoting johnjwong
With Peter's new PO lines drawn I can easily see when I would have traded. I have looked at the charts for the past 2 days plus the signals we have so far today and came up with the following:

If we have taken all the signals during 9:10 - 18:30 GMT + 2 (the normal trading time of the system) then we will have:

EU:
Today: -25 + 20 = -5
Nov 29: -10 -25 + 20 = - 15
Nov 28: -25 + 20 - 25 = - 30

EJ:
Today: -20 + 1 = -19
Yesterday: + 20 + 20 = 40
Nov 28: 20 + 20 = 40

AU:
Today: 1 = +1
Yesterday: 20 - 20 = 0
Nov 28: 20 - 20 + 20 = +20

GU:
Today:...
OR u can check my live forward testing results in my special thread, with all this weeks results with posted charts, and all last weeks, results and the week before from when it started
  • #2,495
  • Nov 30, 2011 8:50am Nov 30, 2011 8:50am
Quoting deankenny21
OR u can check my live forward testing results in my special thread, with all this weeks results with posted charts, and all last weeks, results and the week before from when it started
Your results are much more incredible! congrats!

Other than using a pip by pip trailing of sl, you also seem to be able to dodge some loser trades. For example, yesterday there were 2 signals for AU but you manage to only take the first winner one and dodge the 2nd trade which is a loser. Would you describe how you managed to not trade the 2nd one?

EDIT: the price went above the blue line by around 1.8 pips. Please tell me that you managed to dodge the trade because you saw spread went up by 1.8 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: dodging.gif Size: 122 KB
  • #2,496
  • Nov 30, 2011 8:52am Nov 30, 2011 8:52am
i did take it

results for 29th

Fratelli

EJ +20
EU +1.2
AU +20 <<<< here is the first one
EU +2.1
EJ +20
EU +1.3
AU -20 <<<< this is the one you are on about, it was taken and recorded.
  • #2,497
  • Nov 30, 2011 9:41am Nov 30, 2011 9:41am
Quoting deankenny21
i did take it

results for 29th

Fratelli

EJ +20
EU +1.2
AU +20 <<<< here is the first one
EU +2.1
EJ +20
EU +1.3
AU -20 <<<< this is the one you are on about, it was taken and recorded.
Ur right, I think I was looking at a midday summary sry about that.
  • #2,498
  • Nov 30, 2011 9:42am Nov 30, 2011 9:42am
anyone??
Attached Image (click to enlarge)
Click to Enlarge Name: EJ.png Size: 24 KB
  • #2,499
  • Nov 30, 2011 9:44am Nov 30, 2011 9:44am
Quoting kedridder
anyone??
Filled at 104.62.
  • #2,500
  • Nov 30, 2011 9:44am Nov 30, 2011 9:44am
Quoting kedridder
anyone??
10461 buy EUR/JPY
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