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Fratelli Intraday trading system

  • #3,141
  • Dec 6, 2011 9:39am Dec 6, 2011 9:39am
Quoting Topmonkey
Eu trades from 8am uk time
+20
-25
-25
You trade only EU? What about GBP, AUD, JPY
  • #3,142
  • Dec 6, 2011 9:41am Dec 6, 2011 9:41am
A more technical question for any kind soul who wish to answer me.

Since SuperTrend indicator is so important to this system, can anyone explain how this SuperTrend indicator work? I mean, what is the formula that it used to calculate to determine the trend is up or down?
  • #3,143
  • Dec 6, 2011 10:05am Dec 6, 2011 10:05am
Hi,

Just a quick question, the buy and sell lines for the v1.3d indicator is based on the close price of the signal candle.

The rule from Peter is not so clear as to whether to use the close price or the above/below the body of the candle (this will depend on whether to use the open or close price)

Peter's rule:


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

Short:
When these happen put a pending order short 3 pips below the body off the closed signal candle


What are you guys using - the close price ALWAYS or the open/close price depending on which is higher/lower?
  • #3,144
  • Dec 6, 2011 10:05am Dec 6, 2011 10:05am
Bad EJ day
  • #3,145
  • Dec 6, 2011 10:07am Dec 6, 2011 10:07am
Quoting randomjay
Hi,

Just a quick question, the buy and sell lines for the v1.3d indicator is based on the close price of the signal candle.

The rule from Peter is not so clear as to whether to use the close price or the above/below the body of the candle (this will depend on whether to use the open or close price)

Peter's rule:


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

Short:
When these happen put a pending order short 3 pips below the body off the closed signal candle


What...
I don't know about others. I used the top or bottom of the body regardless of which one is open and which one is close.
  • #3,146
  • Dec 6, 2011 10:14am Dec 6, 2011 10:14am
Quoting pipson
You trade only EU? What about GBP, AUD, JPY
Timeframe: 10 mins.


Indicators:

Fratelli mainv 1.3
BB MACD 12-26-10
MA in colour ema89
FPM I-ParamonWorkTime set to start at 07:10 end time 16:30 GMT
Period converter



Pair I tested: EURUSD, AUDUSD and EURJPY


There not GBP/XXX -COMPRANDE
  • #3,147
  • Dec 6, 2011 10:18am Dec 6, 2011 10:18am
Eu +20
eu -25
eu -25

au+20

ej -20

total: -25pts
  • #3,148
  • Dec 6, 2011 10:25am Dec 6, 2011 10:25am
Quoting x58
Timeframe: 10 mins.


Indicators:

Fratelli mainv 1.3
BB MACD 12-26-10
MA in colour ema89
FPM I-ParamonWorkTime set to start at 07:10 end time 16:30 GMT
Period converter



Pair I tested: EURUSD, AUDUSD and EURJPY


There not GBP/XXX -COMPRANDE
Thanks, but in first post fratelli write "I trade only: EURUSD, AUDUSD, and GBPUSD" http://www.forexfactory.com/showthread.php?t=325942
GBPUSD .... sl 15 and tp 15
Why do not trade GBPUSD?
  • #3,149
  • Dec 6, 2011 10:49am Dec 6, 2011 10:49am
I see the fratelli is online... I have one question for you Fratelli? Do you agree with MickeyMouse?
thank you

Personally I think you system is fantastic!
  • #3,150
  • Dec 6, 2011 10:50am Dec 6, 2011 10:50am
Quoting randomjay
Hi,

Just a quick question, the buy and sell lines for the v1.3d indicator is based on the close price of the signal candle.

The rule from Peter is not so clear as to whether to use the close price or the above/below the body of the candle (this will depend on whether to use the open or close price)

Peter's rule:


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

Short:
When these happen put a pending order short 3 pips below the body off the closed signal candle


What are you guys...
My understanding was that under the original trading rules we used body of candle, this was subsequently changed to high / low, reverting to original trade entry rules after some backtesting

Body of candle forms part of current trade trade entry rules

Hope that helps.
  • #3,151
  • Dec 6, 2011 10:54am Dec 6, 2011 10:54am
Quoting Brigstow
My understanding was that under the original trading rules we used body of candle, this was subsequently changed to high / low, reverting to original trade entry rules after some backtesting

Body of candle forms part of current trade trade entry rules

Hope that helps.
So for body of candle means that:

For long trade we take 4 pips above the open OR the close depending on how the candle formed (for bullish close, we use the close price, for bearish close, we use the open price)

For short trade we take 3 pips below the open OR the close depending on how the candle formed (for bullish close, we use the open price, for bearish close, we use the close price)
  • #3,152
  • Dec 6, 2011 4:07pm Dec 6, 2011 4:07pm
Quote:
Originally Posted by Cross http://www.forexfactory.com/images/buttons/viewpost.gif
Buy EURJPY 104.22


Quoting Cross
It has nothing to do with Peter's strategy but I donīt like this short term resistence around 104.30 from the begining. Letīs wait and see.
SL 104.03 > -19pips

===============================

Today's trades:

Buy EURUSD 1.3382 > TP 1.3402 > +20pips
Buy AUDUSD 1.0219 > TP 1.0240 > +21pips
Buy EURJPY 104.22 > SL 104.03 > -19pips
  • #3,153
  • Dec 6, 2011 4:29pm Dec 6, 2011 4:29pm
Quoting pipson
Thanks, but in first post fratelli write "I trade only: EURUSD, AUDUSD, and GBPUSD" http://www.forexfactory.com/showthread.php?t=325942
GBPUSD .... sl 15 and tp 15
Why do not trade GBPUSD?
Need start read from page 1 and if you been on last page, THEN YOU WILL KNOW. Good reading!
  • #3,154
  • Dec 6, 2011 10:52pm Dec 6, 2011 10:52pm
can someone explain what does BE+1 means? I am pretty new. If possible please explain with picture. thanks.

chris
  • #3,155
  • Dec 6, 2011 11:29pm Dec 6, 2011 11:29pm
Quoting ctran
can someone explain what does BE+1 means? I am pretty new. If possible please explain with picture. thanks.

chris
PO = Pending Order
BE = Break Even
SL = Stop Loss
TP = Take Profit
  • #3,156
  • Dec 6, 2011 11:42pm Dec 6, 2011 11:42pm
Thanks
Can you explain with example numbers or entry? I am confused with BE and don't understand, sorry, I am history major.


Quoting anyremote
PO = Pending Order
BE = Break Even
SL = Stop Loss
TP = Take Profit
  • #3,157
  • Dec 7, 2011 12:46am Dec 7, 2011 12:46am
if you have template issue after loading, please make sure you have selected candlesticks in chart, not the bar or line chart.
  • #3,158
  • Dec 7, 2011 1:00am Dec 7, 2011 1:00am
Quoting ctran
Thanks
Can you explain with example numbers or entry? I am confused with BE and don't understand, sorry, I am history major.
Hi ctran,
reading your questions I see you must be a really newbie in forex.....
I suggest you study the basics before reading these trading forums, otherwise you couldn't really understand what's really happening.

You can't drive a car without a driving school before....
Please read about the basics through the link below, and then come back and see if you like this system....!

http://www.babypips.com/school/
  • #3,159
  • Dec 7, 2011 2:34am Dec 7, 2011 2:34am
Quoting x58
Need start read from page 1 and if you been on last page, THEN YOU WILL KNOW. Good reading!
Ok, thanks
  • #3,160
  • Dec 7, 2011 3:03am Dec 7, 2011 3:03am
Can someone tell me , is the new update fully working now
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