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Does this simple system by Richard Donchian really work?

  • #101
  • Jan 11, 2012 7:06am Jan 11, 2012 7:06am
Mr HB. So far so good. Just wanted to let you know I am following along and am contemplating writing an EA for this method. (not that it needs one, but keeps rules more concise)

Please keep posting the pics as you have been doing. Thanks.
  • #102
  • Jan 11, 2012 8:56am Jan 11, 2012 8:56am
Quoting pip_seeker
Mr HB. So far so good. Just wanted to let you know I am following along and am contemplating writing an EA for this method. (not that it needs one, but keeps rules more concise)

Please keep posting the pics as you have been doing. Thanks.
hi pip_seeker,

Thx friend... rule at page one but the good result so far if reversal entry at weekly time frame price touch 5sma should be same direction from monthly 5sma


cheers
  • #103
  • Jan 11, 2012 9:14am Jan 11, 2012 9:14am
Quoting mrhb30jr
buy limit 1.0180 usdcad......
usdcad updated.... +8 pips so far just patience
Attached Image(s) (click to enlarge)
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  • #104
  • Jan 11, 2012 6:45pm Jan 11, 2012 6:45pm
hi all, here the sample of this week using this strategy
entry on reversal before break out the 4PWL low
just check the chart on GBPlfx index ....

cheers
Attached Image (click to enlarge)
Click to Enlarge Name: gbplfx.gif Size: 25 KB
  • #105
  • Jan 11, 2012 8:20pm Jan 11, 2012 8:20pm
Quoting mrhb30jr
hi all, here the sample of this week using this strategy
entry on reversal before break out the 4PWL low
just check the chart on GBPlfx index ....

cheers
now let zoom from 240 MTF see MA 365 High/Low/Close working well as the filter
Attached Image (click to enlarge)
Click to Enlarge Name: gbplfx240mtf.gif Size: 30 KB
  • #106
  • Jan 11, 2012 8:39pm Jan 11, 2012 8:39pm
Quoting mrhb30jr
now let zoom from 240 MTF see MA 365 High/Low/Close working well as the filter
Just for ur review, screen shoot from the lower TF

here the chart 5M,15M,30M and 60 M

cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbplfx5mtf.gif Size: 14 KB
Click to Enlarge Name: gbplfx15mtf.gif Size: 17 KB
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  • #107
  • Jan 11, 2012 11:23pm Jan 11, 2012 11:23pm
Quoting mrhb30jr
GU updated Closed @1 PO = +90 another Open PO move SL at BE, 1.5480..
hi all,

GU updated here the plan of next 2nd tp of gu to be maintain the SL ...

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd240mtf.gif Size: 28 KB
  • #108
  • Jan 13, 2012 3:14am Jan 13, 2012 3:14am
Hello

I read this thread. and what i understand is that we will be in market all the time.
  • #109
  • Jan 13, 2012 8:53am Jan 13, 2012 8:53am
gu updated
1st po +90
2nd po +150
re'entry 3rd po +80 closed all po this week total 320 pips
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 20 KB
  • #110
  • Jan 13, 2012 9:29am Jan 13, 2012 9:29am
here the gu...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 17 KB
Click to Enlarge Name: gu2.gif Size: 19 KB
Click to Enlarge Name: gu3.gif Size: 24 KB
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  • #111
  • Jan 13, 2012 10:09am Jan 13, 2012 10:09am
Mr HB,

Ok what does PO mean again. I'm thinking previous open?

Is that right?
  • #112
  • Jan 13, 2012 11:08am Jan 13, 2012 11:08am
Hi Pipseeker
Are you doing an EA for this system if so can i test it with you?
  • #113
  • Jan 13, 2012 11:39am Jan 13, 2012 11:39am
Quoting Peteday
Hi Pipseeker
Are you doing an EA for this system if so can i test it with you?

Yes, I am laying the ground work right now. It is no where close to ready yet.

I will make ex4 available to small group so that we can look for bugs etc / come to conclusions of feasiblity and make sure it follows the rules as shown by the OP.

Preferably a group of about 20 or so... but you must be committed to help with finding bugs... otherwise support will dry up if you catch my drift.

I'll start another thread when that time comes so we don't muck this one up with EA discussions.
  • #114
  • Jan 13, 2012 11:49am Jan 13, 2012 11:49am
Ok thanks Pips
  • #115
  • Jan 13, 2012 8:10pm Jan 13, 2012 8:10pm
Quoting pip_seeker
Mr HB,

Ok what does PO mean again. I'm thinking previous open?

Is that right?
PO - Purchase Order
  • #116
  • Jan 13, 2012 8:37pm Jan 13, 2012 8:37pm
Quoting mrhb30jr
PO - Purchase Order
Ok, never would have guessed that in a million years... lol.

Well I've gotten a good bit of this done but I thought about a few things like if the trader starts this up in the middle of the week etc I've added a few extra rules to it so the EA doesn't just blindly open a trade because bid/ask is lower or higher than the previous 4 week hi or low.

Additionally the same thing in an expanding trend on the weekly without a shown retrace to at least the weekly SMA_price-open line. This is merely to "try to" prevent too much damage when markets go to chop. I don't know if this will make much difference or not when it comes to chop? Hard to say by just eye balling it.

If you're already in the trade then there's no change to that... but I may also have some additional options in the TP realm. I am supporting upto 20 pairs so we'll see how well it will do on multiple pairs as well.
  • #117
  • Jan 14, 2012 3:24am Jan 14, 2012 3:24am
Quoting pip_seeker
Ok, never would have guessed that in a million years... lol.

Well I've gotten a good bit of this done but I thought about a few things like if the trader starts this up in the middle of the week etc I've added a few extra rules to it so the EA doesn't just blindly open a trade because bid/ask is lower or higher than the previous 4 week hi or low.

Additionally the same thing in an expanding trend on the weekly without a shown retrace to at least the weekly SMA_price-open line. This is merely to "try to" prevent too much damage when markets...
hi pS,

enclosure usdchf chart on weekly
may be ur EA be Like this chart

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 30 KB
  • #118
  • Jan 14, 2012 7:32pm Jan 14, 2012 7:32pm
The EA is posted here. It's operational but it runs quite a bit different I think than what is displayed here. I think most of the bugs have been squashed now it's mostly operational bugs.

But it's hard to know how it's working because I can't use the visual tester to run on the weekly chart it only goes up to daily... so I am kinda running a bit blind.

Anyway there's a fair amount of description of it on that thread... we'll see what happens. Remember it's designed to run on multiple pairs and this will likely give better performance than just 1 or two pairs... because you never know which will break out and when.
  • #119
  • Jan 14, 2012 8:09pm Jan 14, 2012 8:09pm
Quoting pip_seeker
It wasn't my intent to ruffle your feathers... but declaring what a pair did last week after the week is thru is still hindsight. Waiting until next week to close out is still hindsight.

Hindsight means looking backwards.

In a trending atmosphere everything works with a trending system... I am here trying to discuss what you do when trends contract and possibly change course because 80-90% of the time it's what they do.

I can wait until that happens and then see if you have a different idea if you like?
No feathers ruffled, here is another weekly hindsight, pips on chart to save you the math
Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #120
  • Jan 14, 2012 11:43pm Jan 14, 2012 11:43pm
Quoting Erebus
No feathers ruffled, here is another weekly hindsight, pips on chart to save you the math
so what do you want? A cookie? Success isn't measured in a couple of weeks... which was my original point that flew right over your head and still does.

I've been here over 4yrs and studied forex for over 10 yrs now and I don't mean that as an ego bash... just stating fact. Trends like on EurAud currently are rare.

Just the moment you get accustomed to that... you will then get beat to a pulp in whip saw. So if you can call it for the next 50 weeks I'll give you a gold star. capeesh?


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You prove yourself every week in this game.... statistics tell me you won't be here in 4 yrs.
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