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Synergy CRS

  • #21
  • Edited 3:04pm Dec 20, 2011 2:34pm | Edited 3:04pm
Quote
Thank you Mer for this wonderfull system. Will try tomorrow with just EUR/USD untill I feel more familiar with it.

Just one question: since we need a candle closed above/below for a reentry, you trade that on M15?

It would be great to have an EA because multiple entries on multiple pairs could be really hard. Do you want I ask Steve if he would be interested in coding such monster?
Regards
If you are talking about Steve Hopwood, I've already posted this on his website and he is already on board. I stick with 30 minute charts only.

An update for the open Eur/Usd trades from yesterday is in post #17. The Regular trades were stopped out, but we were able to catch 3 more Counter Trend trades in the process. I've also updated the spreadsheets for Monday in the same post. I will have last nights action up shortly.
  • #22
  • Dec 20, 2011 3:16pm Dec 20, 2011 3:16pm
Quoting mer071898
If you are talking about Steve Hopwood, I've already posted this on his website and he is already on board. I stick with 30 minute charts only.

An update for the open Eur/Usd trades from yesterday is in post #17. The Regular trades were stopped out, but we were able to catch 3 more Counter Trend trades in the process. I've also updated the spreadsheets for Monday in the same post. I will have last nights action up shortly.
Perfect.

Thank you
  • #23
  • Edited 4:14pm Dec 20, 2011 4:02pm | Edited 4:14pm
Alright, here is last nights action. Overall a perfect trading day on all 4 pairs. We recouped a lot of the losses from yesterday.

Eur/Usd

Scalp Trades

1@ +4 pips

Regular trades

T1-1@ +14 pips @ 6 lots
T2-1@ +23 pips @ 4 lots
T3-1@ +38 pips @ 2 lots

No Counter Trend Trades taken

Gbp/Usd

Scalp Trades

2@ +6 pips

Regular trades

T1-1@ +19 pips @ 6 lots
T2-1@ +31 pips @ 4 lots
T3-1@ +49 pips @ 2 lots

No Counter Trend Trades taken

Aud/Usd (Unable to save chart before the change so it may look different, values are correct)

Scalp Trades

2@ +7 pips

Regular trades

T1-1@ +24 pips @ 1 lot
T2-1@ +40 pips @ 1 lot
T3-1@ +64 pips @ 1 lot

No Counter Trend Trades taken

Nzd/Usd

Scalp Trades

1@ +7 pips

Regular trades

T1-1@ +23 pips @ 1 lot
T2-1@ +37 pips @ 1 lot
T3-1@ +60 pips @ 1 lot

No Counter Trend Trades taken

Total for the day on 4 pairs

$8402.90
18 wins, 0 losses
Win%-100.00%
Total Pips- +459
Total Lots Traded- 30.6

Cumulative on 4 pairs

$5639.30
77 wins, 33 losses
Win%-70.00%
Total Pips- +158
Total Lots Traded- 187.2
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 21 KB
Click to Enlarge Name: gbpusd.gif Size: 20 KB
Click to Enlarge Name: audusd.gif Size: 20 KB
Click to Enlarge Name: nzdusd.gif Size: 19 KB
Attached File(s)
File Type: xls Synergy CRS Daily.xls   1.7 MB | 393 downloads
File Type: xls Synergy CRS.xls   1.8 MB | 375 downloads
  • #24
  • Dec 20, 2011 5:43pm Dec 20, 2011 5:43pm
In regards to Post #2, the chart shows a line drawn at 50% of the previous day's range, to be used as a stop loss for the regular trade - did you plot this manually, or is there a setting in one of the indicators that I may be overlooking as I do not seem to be able to display this line?

Thanks, E.
It takes a lot for me to IGNORE you, but you can try.
  • #25
  • Dec 20, 2011 8:19pm Dec 20, 2011 8:19pm
Quote
In regards to Post #2, the chart shows a line drawn at 50% of the previous day's range, to be used as a stop loss for the regular trade - did you plot this manually, or is there a setting in one of the indicators that I may be overlooking as I do not seem to be able to display this line?

Thanks, E.

Yes, in that particular example, I did draw the 50 fib retracement manually. If you have the Counter Trend Fibs indicator in post #1 placed on the chart, the CT Trade 3 line represents the 50 retracement point of the previous day.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 48 KB
  • #26
  • Dec 20, 2011 8:43pm Dec 20, 2011 8:43pm
Quoting mer071898
Yes, in that particular example, I did draw the 50 fib retracement manually. If you have the Counter Trend Fibs indicator in post #1 placed on the chart, the CT Trade 3 line represents the 50 retracement point of the previous day.
Ah, thanks for that, I am actually focused on the Regular Trades, so I found a work around by making the 107 fib to 50, here is an AUD-USD trade in progress.

Thanks for posting this great method, I find it fits in well with my concept that a pair will will move so many pips per day, and I know that you didn't want other indicators mentioned but I find that I need to display ADR prices to show the way, possible limits, when the range is reached, exceeded; looking forward to more charts and posts, much apprciated, E.
Attached Image (click to enlarge)
Click to Enlarge Name: 0004.png Size: 107 KB
It takes a lot for me to IGNORE you, but you can try.
  • #27
  • Dec 20, 2011 9:15pm Dec 20, 2011 9:15pm
Quote
Ah, thanks for that, I am actually focused on the Regular Trades, so I found a work around by making the 107 fib to 50, here is an AUD-USD trade in progress.

Thanks for posting this great method, I find it fits in well with my concept that a pair will will move so many pips per day, and I know that you didn't want other indicators mentioned but I find that I need to display ADR prices to show the way, possible limits, when the range is reached, exceeded; looking forward to more charts and posts, much apprciated, E.

I'm glad that you can use a part of the strategy for your own method. I don't mind the casual talk about an indicator, I just don't want everyone to post the indicators here in the thread. Good luck.
  • #28
  • Dec 20, 2011 10:11pm Dec 20, 2011 10:11pm
nice and valuable thread...

Quoting mer071898

~Welcome to Synergy CRS~


I have been working on a new system I've developed and to see if any of the coders extraordinaire wanted to have a challenge in coding this monster.

The method was constructed using a few basic fundamentals of the strategies I had developed on FF and from a few other threads that had peaked my interest from a long time ago, the SRDC I and the [url="http://www.forexfactory.com/showthread.php?t=60272"]Indicator...
not euphoria follower
  • #29
  • Dec 21, 2011 12:20am Dec 21, 2011 12:20am
Early in the day entry for this one; I have the EUR-AUD trade but it is not dropping as quickly...
Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #30
  • Dec 21, 2011 1:42am Dec 21, 2011 1:42am
I'LL TAKE IT !!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: 0007.png Size: 51 KB
It takes a lot for me to IGNORE you, but you can try.
  • #31
  • Dec 21, 2011 3:16pm Dec 21, 2011 3:16pm
Hi Mer,

Do you look for reentry anytime untill the end of the day, I mean 24h or do you stop after London close or something like that?

And regarding open trades, do you manage these trades untill they reach TP or SL, no matter when this happens, even at the begining of the next day with a new High and Low?

Thank you very much, I really like this system.
  • #32
  • Dec 21, 2011 4:09pm Dec 21, 2011 4:09pm
Quote
Hi Mer,

Do you look for reentry anytime untill the end of the day, I mean 24h or do you stop after London close or something like that?

For testing purposes, I am taking all possible trades (including re-entries) that occur up until the end of the day. In reality, I wouldn't expect someone to stay glued in front of the screen for 24 hours. If you want to limit your time I would monitor the most active trading sessions until we can get a solid working EA done and then 24 hour trading will not be an issue.

Quote
And regarding open trades, do you manage these trades untill they reach TP or SL, no matter when this happens, even at the begining of the next day with a new High and Low?

Yes, you will need to manage trades even if they go into the next day, especially Regular Trades. The reason why is the you may have some Counter Trend Trades that may form while your Regular trades are still active, which is a very important part of the strategy which makes it successful. On Regular trades where the first target is hit, you can just move your stops manually or find a trade management EA that will move your stop at a certain price or if it goes "X" number of pips to limit the time you have to spend on the computer.
  • #33
  • Dec 21, 2011 5:39pm Dec 21, 2011 5:39pm
Not trading yet, only planning, interesting chart on the EUR-USD, seems to me that a long trade using this method would be a long shot, given the entry is beyond the ADR of the last 14 days, not to mention Monthly, Weekly & Daily charts are showing a down trend, and we all know there are problems in the EZ (Euro Zone) since they have a German Pope and an Italian Central Banker???

Please, comments, questions, criticize my chart, thanks, E.

Attached Image (click to enlarge)
Click to Enlarge Name: 0008.jpg Size: 239 KB
It takes a lot for me to IGNORE you, but you can try.
  • #34
  • Edited 8:15pm Dec 21, 2011 8:12pm | Edited 8:15pm
Someone mentioned longterm support for the EUR-GBP so I had a look, maybe not today, probably next year

Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 0010.png Size: 74 KB
It takes a lot for me to IGNORE you, but you can try.
  • #35
  • Dec 22, 2011 2:05am Dec 22, 2011 2:05am
Don't worry Erebus, there is nothing to criticize about your chart. Using other types of technical analysis to determine trade direction and strength can always help and improve any trading style. The thing you must be careful about is not to over analyze and be taken out of a potential trade because you're thinking too much.

I hope everyone has a grasp of the basics of the strategy with some of the charts I've posted and you can see how the trades flow with each other. I am going to be leaving for Christmas vacation until the end of the year. So play around with the strategy, try different lot sizes, try single or multiple trade scenarios, be creative. When I am back I am going to take a single pair and fully document it in my trade manager and see how just a single pair can be enough to be profitable for the year. I will still be checking in everyday to answer questions so feel free to ask away if you need it.

I wish everyone a Merry Christmas and have a safe New Year.
Attached Image
  • #36
  • Dec 22, 2011 2:32am Dec 22, 2011 2:32am
first trade using your system on EU, long entry at ct1 and closed a ct3

closed already and out, waiting another good setup at other pair

TQ for your method
not euphoria follower
  • #37
  • Dec 22, 2011 3:46am Dec 22, 2011 3:46am
Quoting mer071898
For testing purposes, I am taking all possible trades (including re-entries) that occur up until the end of the day. In reality, I wouldn't expect someone to stay glued in front of the screen for 24 hours. If you want to limit your time I would monitor the most active trading sessions until we can get a solid working EA done and then 24 hour trading will not be an issue.



Yes, you will need to manage trades even if they go into the next day, especially Regular Trades. The reason why is the you may have some Counter Trend Trades that may form...
Thank you Mer,

Merry Christmas and happy new year too.
  • #38
  • Dec 22, 2011 3:20pm Dec 22, 2011 3:20pm
Quoting iqyu5an
first trade using your system on EU, long entry at ct1 and closed a ct3

closed already and out, waiting another good setup at other pair

TQ for your method
I don't understand this trade as per the rules =

Counter Trend trades are only placed if there is an active open Regular trade

Maybe I missed the Regular Trade entry?

I'm watching 16 pairs and NONE of them have made the 14 ADR yet, glad I went out to help Santa.

It takes a lot for me to IGNORE you, but you can try.
  • #39
  • Dec 22, 2011 5:07pm Dec 22, 2011 5:07pm
Quote
I don't understand this trade as per the rules =

Counter Trend trades are only placed if there is an active open Regular trade

Maybe I missed the Regular Trade entry?

I'm watching 16 pairs and NONE of them have made the 14 ADR yet, glad I went out to help Santa.
Erubus, you are correct, there should not have been any CT trades made as there were no active Regular trades at that time. iqyu5an, make sure you casually go over the thread again to make sure the rules are clear to you. If you comfortable and want to continue to trade this way, I am not going to stop you, just understand that the Counter Trend trades are meant to help counter act any losses from the Regular Trades and not designed to be traded on their own, understand?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 136 KB
  • #40
  • Dec 22, 2011 8:29pm Dec 22, 2011 8:29pm
This trading strategy really have legs. Price and fibo based. Really need coders for EA
福 子 Victor V
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