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Synergy CRS

  • #61
  • Dec 29, 2011 4:10am Dec 29, 2011 4:10am
Quoting mer071898
After much deliberation and research, I've opened a small live micro account at FinFX for $1000 (well $970.62 after credit card fees ). I am using FinFX because they are an ECN/DMA broker (never use a market maker!) that allows U.S. clients, allows scalping and hedging, has up to 1:200 leverage, and there is no FIFO rules enforced, everything that the strategy needs to be successful, plus no Sunday candles to mess with. I am also going to get rebates back from forextradingchoice.com which will save me a little money on the broker...
Hi Mer,

Good luck. I will be testing too on my live account. FinFx is a really good broker in my opinion, but I think it will only work as a true ECN with a min 0.1 lot size, at 0.01 it will work as a market maker......

Anyway, thank you for this great system.
  • #62
  • Dec 29, 2011 4:16am Dec 29, 2011 4:16am
Hi Mer,

Great thread great tactics nice to see you literally putting your money where your mouth is, all the best for the New year.

Eamonn.
  • #63
  • Dec 29, 2011 6:40pm Dec 29, 2011 6:40pm
Probably should not be trading but what the heck.....
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  • #64
  • Dec 29, 2011 6:41pm Dec 29, 2011 6:41pm
This strategy looks very interesting and I look forward to watching it develop. I think you picked one of the better brokers as well.
  • #65
  • Dec 29, 2011 7:19pm Dec 29, 2011 7:19pm
Quote
Hi Mer,

Good luck. I will be testing too on my live account. FinFx is a really good broker in my opinion, but I think it will only work as a true ECN with a min 0.1 lot size, at 0.01 it will work as a market maker......

Anyway, thank you for this great system.
Let us know how you are doing as others might like to see the results. According to FinFX, all accounts, even micros, are using the ECN/DMA model for trading.

Quote
Hi Mer,

Great thread great tactics nice to see you literally putting your money where your mouth is, all the best for the New year.

Eamonn.
Thanks, I believe in real numbers, not demoing the crap out of something and saying it's a success because that is not realistic.

Quote
Probably should not be trading but what the heck.....
You never know . But the general consensus among traders is to not trade during Christmas and New Year (or any holiday), volume is way too low during these periods.

Quote
This strategy looks very interesting and I look forward to watching it develop. I think you picked one of the better brokers as well.
Thank you sir and thanks for following, I hope I don't disappoint.
  • #66
  • Dec 30, 2011 1:19am Dec 30, 2011 1:19am
[quote=mer071898;5255199]Let us know how you are doing as others might like to see the results. According to FinFX, all accounts, even micros, are using the ECN/DMA model for trading.

Sure. About FinFX, anyway I think is one of the best choices right now, I have a live ECN PRO account with them......

Happy new year to everyone
  • #67
  • Dec 30, 2011 4:49am Dec 30, 2011 4:49am
Late Friday, long weekend, price to 123.6 for third time, take profit and run, catch ya'all next year

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  • #68
  • Dec 30, 2011 1:43pm Dec 30, 2011 1:43pm
Quote
Late Friday, long weekend, price to 123.6 for third time, take profit and run, catch ya'all next year

An people say fibs are worthless in trading, HA!!!
  • #69
  • Dec 30, 2011 4:58pm Dec 30, 2011 4:58pm
Quoting mer071898
An people say fibs are worthless in trading, HA!!!
mer071898, you won't hear me saying that about FIBS, I am so looking forward to next year when trading returns to "normal" conditions, that is regular volumes.

I am posting the ADR indicator I use as I have several PM's about it. I really think it can be an important part of the price movement within the daily movement that this method uses.

You only have to see the result as shown from the trade I was in earlier, this is not even a cherry picked chart, I had already exit for profit, New York open was the key.

Happy New Year to all

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Attached File(s)
File Type: ex4 !SM_ADR Marker.ex4   12 KB | 2,331 downloads
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  • #70
  • Dec 30, 2011 7:45pm Dec 30, 2011 7:45pm
@ mer,

RE: trade entry as per Post #1, there would be an entry during the Asian session in the blue box, which is stopped out for 5 pips?

then, a valid entry for late starters after price closed within the high / low of yesterday's range as outlined by the RG Entry lines? Shown in the yellow ellipse.

Also, another example of why I value the ADR Indicator, see the ADR Value top left = 101? Today's range went to 104, and retreated.

Now show me any system that can give you exact entry and exit (161.8) for 41 pips out of 101 range? Or a target of 89 pips of 101 using the ADR?

Experienced price action traders will see the 1-2-3 set up & entry, an Asian session breakout method entry, or London breakout method, all of which get you in the trade around the 123.6 level, while Synergy already has 16 pips on plus side!

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  • #71
  • Dec 30, 2011 8:51pm Dec 30, 2011 8:51pm
Quote
I am posting the ADR indicator I use as I have several PM's about it. I really think it can be an important part of the price movement within the daily movement that this method uses.

You only have to see the result as shown from the trade I was in earlier, this is not even a cherry picked chart, I had already exit for profit, New York open was the key.
I am not doubting that your variation is not worth looking into, but I really want to insist on not posting any new indicators. Remember what I wrote on the bottom of post #1?

"***In order to keep true to the original premise of the strategy, please do not post any other indicators or suggestions here on the thread. If this is to be coded, we do not need a wrench to be thrown into the mix. If you have an improvement that works for you, please experiment with it on you own time. This is to lessen any confusion that may occur from clogging the thread with too much additional content. Please make sure to read the whole thread in it's entirety before asking questions as most answers are already in the thread and have been answered, thank you.***"

If people are contacting you about the way you are trading this, please correspond with them outside of the thread please.
Quote
RE: trade entry as per Post #1, there would be an entry during the Asian session in the blue box, which is stopped out for 5 pips?

then, a valid entry for late starters after price closed within the high / low of yesterday's range as outlined by the RG Entry lines? Shown in the yellow ellipse.
Since you are not taking Scalp trades and I don't know how many trades you are placing, I can't comment a whole lot here. I see 2 entries (one being a re-entry) and the profit targets being hit. Are you placing a single trade and trailing it? Are you placing multiple trades?

Quote
Also, another example of why I value the ADR Indicator, see the ADR Value top left = 101? Today's range went to 104, and retreated.

Now show me any system that can give you exact entry and exit (161.8) for 41 pips out of 101 range? Or a target of 89 pips of 101 using the ADR?

Experienced price action traders will see the 1-2-3 set up & entry, an Asian session breakout method entry, or London breakout method, all of which get you in the trade around the 123.6 level, while Synergy already has 16 pips on plus side!
Again, I applaud your enthusiasm and I am glad it's working for you, just please refrain from posting indicators in the future. If someone want to get the indicator or learn about how you are trading the strategy, they can pm or e-mail you about it.
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  • #72
  • Dec 31, 2011 10:26pm Dec 31, 2011 10:26pm
I wanted to come in and wish everyone a very happy new year.
  • #73
  • Jan 2, 2012 2:59am Jan 2, 2012 2:59am
Congratulations this is excellent thread, I have been looking for something like this last two years.
My broker opened this morning at 7:00am GMT, i tried this on several pairs and for now there is entry only on EURJPY on Scalp and Regular Trade, but I do not understand about indicators, as I can see it moves from yesterday only if we have a trade today? It did not move from Friday except SC/RG Entry lines and RG TP lines!
Now I have only SC/RG Entry line on EURJPY at 99.56 and SC T1, RG T1, RG T2 and RG T3 there are no SC Trade stop and CT Trade lines it is in zone from yesterday (Friday). I tried to refresh, but nothing.
Here is picture.
Now i tried this on another broker, but same thing.
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  • #74
  • Jan 2, 2012 3:17am Jan 2, 2012 3:17am
Quoting mer071898
You take the trade once the high or low is breached.
What means this: ''You take the trade once the high or low is breached''?
Is this same level as high or low, or we must wait at least one pip above high or bellow low to trigger Regular and Scalp trades?

Thank you
  • #75
  • Jan 2, 2012 4:40am Jan 2, 2012 4:40am
Hi Mer,

A very interesting thread and one I am looking forward to following throughout the year.

One question though:-

Do you allow for spreads on entry / SL & TP??
  • #76
  • Jan 2, 2012 10:15am Jan 2, 2012 10:15am
Quote
Congratulations this is excellent thread, I have been looking for something like this last two years.
My broker opened this morning at 7:00am GMT, i tried this on several pairs and for now there is entry only on EURJPY on Scalp and Regular Trade, but I do not understand about indicators, as I can see it moves from yesterday only if we have a trade today? It did not move from Friday except SC/RG Entry lines and RG TP lines!
Now I have only SC/RG Entry line on EURJPY at 99.56 and SC T1, RG T1, RG T2 and RG T3 there are no SC Trade stop and...
The only thing I can think of is that the "MergeSundayWithFriday" parameters in the Counter Trend and Scalp Fibs indicators are set to true and need to be changed to false.

Open MetaEditor (the yellow yield sign with the exclamation point on it) on your MT4 platform and change the values in the pic below to false, compile them, save as, and that should fix it. If it doesn't, I'm afraid you'll have to talk to a coder about why it won't work. I've got in on 4 brokers (with and without Sunday candles) with no issues.

Quote
What means this: ''You take the trade once the high or low is breached''?
Is this same level as high or low, or we must wait at least one pip above high or bellow low to trigger Regular and Scalp trades?

Thank you

http://www.forexfactory.com/images/buttons/quote.gif


If the high of the day is 1.5250, you enter as soon as you touch this price. It's a little easier if you just place pending orders at the high and low of the day and they will trigger automatically, then just cancel the other pending order once one side is triggered.
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  • #77
  • Jan 2, 2012 10:31am Jan 2, 2012 10:31am
Quote
Hi Mer,

A very interesting thread and one I am looking forward to following throughout the year.

One question though:-

Do you allow for spreads on entry / SL & TP??
No, my examples did not include spreads. Once live trading starts, I will be putting actual prices in my trade manager that will more accurately reflect that. Thanks for the question as that can be a potential roadblock regarding Scalp Trades. This is not a "set in stone" rule, but I generally won't take a Scalp trade if the potential profit is less than 4 times the spread. So if my spread is 1.5 pips, my profit needs to be 6 pips (from entry point to target).
  • #78
  • Jan 2, 2012 12:13pm Jan 2, 2012 12:13pm
Quoting mer071898
The only thing I can think of is that the "MergeSundayWithFriday" parameters in the Counter Trend and Scalp Fibs indicators are set to true and need to be changed to false.

Open MetaEditor (the yellow yield sign with the exclamation point on it) on your MT4 platform and change the values in the pic below to false, compile them, save as, and that should fix it. If it doesn't, I'm afraid you'll have to talk to a coder about why it won't work. I've got in on 4 brokers (with and without Sunday candles) with no issues.
It works now, thank you very much. I hope someone will code this in EA, this is really promising strategy.
  • #79
  • Jan 2, 2012 6:04pm Jan 2, 2012 6:04pm
An EA is being worked on at Steve Hopwood's new forum, but this is a really complicated strategy to code and to get right, especially with FIFO and hedging issues to deal with, so I can't offer any promises that an EA can be done.
  • #80
  • Jan 2, 2012 6:20pm Jan 2, 2012 6:20pm
Don't know how I missed this entry, early Asian session only too, this is where need an EA but I think it would be taken out at the yellow highlights, where a human might go for the higher target!
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