X-Man's Super Simple System | Page 49 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Super Simple System for Scalping 180 replies

Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 182 replies

Super Simple System 314 replies

Another great Breakout GBP/JPY System (Dachel's Simple system) 62 replies

X-Man's super simple system 4 hour method 1 reply

Attachments: X-Man's Super Simple System
Exit Attachments

X-Man's Super Simple System

  • #961
  • Dec 6, 2011 3:21am Dec 6, 2011 3:21am
That actually made me laugh because of that (silly) smily face lol

Quoting X-Man
Today is one of the days when your trades dont work out as planned
up down up down up down
  • #962
  • Dec 6, 2011 3:22am Dec 6, 2011 3:22am
big chanse that euro will go up now because many stops are above 1.34, volume is thin and banks are ready to take big amount of stop lossies above 1.34 level. So, it reinforce the buy euro signal of the system. Plus reversal candles. But sure it is against the main trend and more risky.
  • #963
  • Edited 4:23am Dec 6, 2011 3:22am | Edited 4:23am
This is a pic of TMS watchdog rather than TDI but TDI has done the same too. Same broker but on 2 different machines. Anyone else observed this before?

http://i1236.photobucket.com/albums/...y/station1.gif

http://i1236.photobucket.com/albums/...y/station2.gif

One is using synergy 1 bars, the other synergy 2 bars...that's the only difference AFAIK but why that would feed through to the indi is anyone's guess (especially the TDi indi). I've even shut down and rebooted the machine that shows no downward cross and it's still the same now.

Edit: and now have reloaded the platform that showed the cross (bottom picture) and it's no longer there and looks like the top one. Be very careful with these indis folks!
  • #964
  • Dec 6, 2011 3:22am Dec 6, 2011 3:22am
Quoting Robst3r
There is a huge pullback candle on de E/U H1 and 4, and tdi is crossing up, so the rules are to enter long now!
But i don`t dare to do it
Hi Robst3r,

Don't beliee that TDI is crossing up...its an indicator based on past candles...depends on how many periods it claculation based on. It can cross and un-cross the next candle.
Better study this system and use some other filters to add to the trade probability.
rgds
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #965
  • Dec 6, 2011 3:30am Dec 6, 2011 3:30am
Quoting Wbm
I agree, it's too dangerous at the moment imo.

It's just gambling with the odds against you, hope you're not using real money Rob
  • #966
  • Dec 6, 2011 3:30am Dec 6, 2011 3:30am
Quoting emmanuel7788
Hi Robst3r,

Don't beliee that TDI is crossing up...its an indicator based on past candles...depends on how many periods it claculation based on. It can cross and un-cross the next candle.
Better study this system and use some other filters to add to the trade probability.
rgds
I Will do that! Thnx m8
  • #967
  • Dec 6, 2011 3:31am Dec 6, 2011 3:31am
Also remember all, it is that time of the year.

Most of the retail, commercial bankers are going on holiday + volatility from the Euro situation + ...... +......... etc.

Scale down your trades and remember to place those STOP LOSS!!

or even better, backtest, backtest and some more backtest. Is your Trade plan already ready for 2012? if not do that now.

I promise you all the market is not going anywhere.
  • #968
  • Dec 6, 2011 3:38am Dec 6, 2011 3:38am
Hi Everyone
We have had some discussions on the 4H charts that display the daily SHI channel differently. I thought that it is dependent on the daily start time of your broker. Each broker determines their own start of the day for their chart signals, often depending on the time zone where they operate. This implies that the H1 and lower time frames should display very similar price candles for all brokers because the time is the same (H1 start on the hour no matter when the hour is) but exact price may differ by a pip or two.

Above H1, candles from different brokers could have different starting times and therefor different shapes as they consist of different collections of smaller timeframe candles, eg the H4 is a collection of 4 H1 candles but depending where 00:00 starts will determine the candle size and shape. This seems to influence the SHI channel on the H4 charts. No amount of refreshing or changing time frames higher and lower will change it. It simply can be different for different brokers.

Attached see three images from different brokers:
IBFX Australia: 00:00 is at 00:00 GMT
MB Trading : 00:00 is at 05:00 GMT
Pepperstone: 00:00 is at 02:00 GMT

After having written the above I came to the conclusion I am just more confused! X-Man's broker has midnight at 00:00 GMT, the same as IBFX yet his candles are different to IBFX!!!!

The plot thickens! I am starting to wonder if we all run the same indicator?? X-Man has the centre line dashed silver while the upper and lower channel lines are yellow. Mine are all yellow and I do not see an option for changing the colour of the centre line to be different from the outer lines???

Somebody with any suggestions??
Attached Image(s) (click to enlarge)
Click to Enlarge Name: IBFX USDCAD H4 2.jpg Size: 305 KB
Click to Enlarge Name: MBT USDCAD H4 2.jpg Size: 320 KB
Click to Enlarge Name: PPS USDCAD H4 2.jpg Size: 314 KB
Success is a marathon, not a sprint!
  • #969
  • Dec 6, 2011 3:40am Dec 6, 2011 3:40am
Quoting Wbm
Would that also affect GBP because that seems to have had the same reaction?
For better or for worse, the UK and Euro economies are tied very closely together ... what happens in Euro is more likely to impact GBP, rather than the the other way around ...

(Just my amateur observations)
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #970
  • Dec 6, 2011 3:42am Dec 6, 2011 3:42am
Quoting Krypty
Also remember all, it is that time of the year.

Most of the retail, commercial bankers are going on holiday + volatility from the Euro situation + ...... +......... etc.

Scale down your trades and remember to place those STOP LOSS!!

or even better, backtest, backtest and some more backtest. Is your Trade plan already ready for 2012? if not do that now.

I promise you all the market is not going anywhere.
I tend to agree ... in particular I think this week will be very risky, with all the potential euro news coming out before / during whichever conference it is at the end of the week ...
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #971
  • Dec 6, 2011 3:48am Dec 6, 2011 3:48am
Quoting X-Man
Today is one of the days when your trades dont work out as planned
up down up down up down

good thing we have SLs what would the trading world be without them?
I closed my EU trade slightly negative. Canīt agree more.

Letīs wait for NY-session and see if something develops.
  • #972
  • Dec 6, 2011 4:02am Dec 6, 2011 4:02am
Quoting lobak
I think eu just hit a strong support line.
totally agree.
x3 short EU to rescue the trade in deep water.
  • #973
  • Dec 6, 2011 4:21am Dec 6, 2011 4:21am
Quote
NicoScholtz
Different Daily Channels depending on Broker Start of Day

Hi Everyone
We have had some discussions on the 4H charts that display the daily SHI channel differently. I thought that it is dependent on the daily start time of your broker. Each broker determines their own start of the day for their chart signals, often depending on the time zone where they operate. This implies that the H1 and lower time frames should display very similar price candles for all brokers because the time is the same (H1 start on the hour no matter when...

We have to open demo accounts only for following the trend at the same broker as X-Man's and agree about the same indicator and maybe same template as X-Man will tell us.

Only my 2 cents
Moshe
  • #974
  • Dec 6, 2011 4:32am Dec 6, 2011 4:32am
Hi X-Man

I am concerned that we are not all using the same SHI Channel indicator.

Can you please post your SHI Channel indicator from your installed MT4 at "C:\....\Your MetaTrader\experts\indicators" again?

Why? Because on your charts it shows a different coloured centre line compared to the outer lines while mine from post #15 has all three channel lines the same colour!!

Thanks, Nico
Success is a marathon, not a sprint!
  • #975
  • Dec 6, 2011 4:41am Dec 6, 2011 4:41am
Quoting NicoScholtz
Hi X-Man

I am concerned that we are not all using the same SHI Channel indicator.

Can you please post your SHI Channel indicator from your installed MT4 at "C:....Your MetaTraderexpertsindicators" again?

Why? Because on your charts it shows a different coloured centre line compared to the outer lines while mine from post #15 has all three channel lines the same colour!!

Thanks, Nico
Im using this SHI indi
if the pop ups drive you nuts then use the 1 that i posted on page 1
Attached File(s)
File Type: mq4 SHI_Channel_Colour_Talk.mq4   7 KB | 771 downloads
X-man the legendary conqueror of markets
  • #976
  • Dec 6, 2011 4:44am Dec 6, 2011 4:44am
Quoting amikab9
We have to open demo accounts only for following the trend at the same broker as X-Man's and agree about the same indicator and maybe same template as X-Man will tell us.

Only my 2 cents
Moshe
I use forex.com. thats just to load my indis and view charts because my broker dont provide MT4 platform.
X-man the legendary conqueror of markets
  • #977
  • Dec 6, 2011 5:09am Dec 6, 2011 5:09am
Closed my long positions 40 pips on E/U, 25 pips on G/U
less the (30 pips this morning)
Total +35 pips.

Those reversal candles work majority of the time.
X-man the legendary conqueror of markets
  • #978
  • Dec 6, 2011 5:16am Dec 6, 2011 5:16am
Quoting X-Man
Im using this SHI indi
if the pop ups drive you nuts then use the 1 that i posted on page 1
Hi X-Man
Thank you for the indicator.

The difference in channel appearance is because your indicator (SHI_Channel_Colour_Talk.mq4) only uses the current time frame as a channel with no option to select which time frame to use, eg daily. So you are using the 4Hr channel on a 4Hr chart while I am using a daily channel on a 4 Hr chart as I understood the strategy instructions.

If I set my channel indicator (Sonic SHI Channel MTF.mq4) to 4Hr (rather than daily) it draws exactly on top of your one, confirming that you are seeing a 4Hr channel on your 4Hr chart!

If we do not use the same mechanism for decision making we will not take similar trades!

So do we stick with daily channel on 4Hr chart or change to 4Hr channel on 4Hr chart???

Regards, Nico
Success is a marathon, not a sprint!
  • #979
  • Dec 6, 2011 5:20am Dec 6, 2011 5:20am
Quoting X-Man
Closed my long positions 40 pips on E/U, 25 pips on G/U
less the (30 pips this morning)
Total +35 pips.

Those reversal candles work majority of the time.

I am a little bit irritated. If thereīs a reversal, youīre also trading outside of your preferred hours? Has GU been backtested, too?
  • #980
  • Dec 6, 2011 5:22am Dec 6, 2011 5:22am
Quoting X-Man
Closed my long positions 40 pips on E/U, 25 pips on G/U
less the (30 pips this morning)
Total +35 pips.

Those reversal candles work majority of the time.

Good trades!
When you enterd eu, just after teh pullback?
12 traders viewing now