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Synergy CRS

  • #201
  • Jan 11, 2012 6:51pm Jan 11, 2012 6:51pm
Okay, I have my pending orders set for today. I did not place my long orders because the ADR high is blocking my targets points. So we'll see how trustworthy the ADR is going to be for us.
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  • #202
  • Jan 11, 2012 7:29pm Jan 11, 2012 7:29pm
Quoting mer071898
Okay, I have my pending orders set for today. I did not place my long orders because the ADR high is blocking my targets points. So we'll see how trustworthy the ADR is going to be for us.
Hi mer,

breaking some rules:
since I am bearish bias for EU today, I would tend towards selling high. I can use the CT levels which are retracement levels of yesterday's high-low.
I look at price action and place my sell entry at any CT levels 50%, 38% as example. Call this an early breakout of yesterday low if I may.

regards
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #203
  • Jan 11, 2012 8:53pm Jan 11, 2012 8:53pm
Quoting mer071898
Don't worry, it doesn't mean I'm not using yours on a different account you know .
To improve is to change. To perfect, is to change often.
  • #204
  • Jan 12, 2012 5:01am Jan 12, 2012 5:01am
Hi mer and erebus, I placed my first trade using the synergy crs system today on the AUD/USD. Its looking good having hit the 123.6 level. Hoping for it to go to 161.8. Hope to share more trades in the coming days. =)
  • #205
  • Jan 12, 2012 7:34am Jan 12, 2012 7:34am
Hi Erebus,

I might have missed your response to this question. But what is the correct next step once the ADR level has hit? Are instances where the currency movement exceeds its ADR very rare? Thanks in advance.
  • #206
  • Jan 12, 2012 9:51am Jan 12, 2012 9:51am
Quote
Hi mer and erebus, I placed my first trade using the synergy crs system today on the AUD/USD. Its looking good having hit the 123.6 level. Hoping for it to go to 161.8. Hope to share more trades in the coming days. =)

Congrats, just make sure you have moved your stops up to lock in some profit before any reversals hit you.
  • #207
  • Jan 12, 2012 5:08pm Jan 12, 2012 5:08pm
Nice trades today all 3 TP hits audusd and 2 targets eurusd.
Nzdusd 2 times CT1, one target on CT2(one sl) and CT3
Gbpusd still waiting
  • #208
  • Jan 12, 2012 11:21pm Jan 12, 2012 11:21pm
Quoting pipraiser
Hi Erebus,

I might have missed your response to this question. But what is the correct next step once the ADR level has hit? Are instances where the currency movement exceeds its ADR very rare? Thanks in advance.
1. Correct action will be to follow YOUR trading plan

2. Yes, of course the currency will, and must, exceed the ADR - the very fact that it is an AVERAGE is a big clue; some days will be less than "average" and some days will be more than "average"

Look at it like this, EUR-USD has an ADR (14) of 114, yesterday it moved 146 pips, mainly against major down trend; if you were in a profit trade near the end of your trading session, would you consider to exit, assuming it is a day trade of course, or hold and hope for more pips today?
Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #209
  • Jan 15, 2012 10:20pm Jan 15, 2012 10:20pm
Quoting mer071898
Congrats, just make sure you have moved your stops up to lock in some profit before any reversals hit you.
Yes Mer! Thats exactly what I did. Thanks for this awesome strategy.
  • #210
  • Jan 15, 2012 10:25pm Jan 15, 2012 10:25pm
Hi Erebus, I thought so too as well. Thank you for the detailed explanation. Regarding your question on whether I would hold on for more pips - my take would be that if the price has moved 114pips near the end of the trading day, I would close my trade and take those profits. If I feel that there is a chance for it to move 146 pips, I would move my stops closer to the 90-100pip level to capture the remaining 32 pips.
  • #211
  • Jan 16, 2012 12:42am Jan 16, 2012 12:42am
Just to remind everyone of the U.S. bank holiday tomorrow (Martin Luther King Jr. day), so be wary of volume levels. Price has been in about a 30 pip range since the day's open. I've placed my pending orders for today, but if we stay in this range period, even after the London open, I may just cancel them and wait til tomorrow night.
  • #212
  • Jan 16, 2012 5:27pm Jan 16, 2012 5:27pm
No trades were triggered on yesterday's trading, as I expected. Set pending orders for today as I will be watching these closely due to the small range from yesterday (62 pips).
  • #213
  • Jan 16, 2012 8:01pm Jan 16, 2012 8:01pm
RT 1 & RT 2 already closed out for today. I will set my alarms just in case we have re-entry possibilities.
  • #214
  • Jan 16, 2012 8:50pm Jan 16, 2012 8:50pm
And target #3 hit, too easy...

Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #215
  • Jan 17, 2012 3:55am Jan 17, 2012 3:55am
Hi mer,

I love this system you created especially when there are (IB)day inside bars in several pairs.
Thanks!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #216
  • Jan 17, 2012 1:29pm Jan 17, 2012 1:29pm
Quoting Pat1
Mer,

You are right on all counts. The scenarios you showed should have played out.

I'm on IBFX. So the CT trades were not taken it being a live account.

As of now the EA does exactly as you propose, minus escalation of lots for individual trades based on mart series. I have coded the Ea to increase the lots, if the the starting day balance is less than the EOD balance. This part works like a charm.

I will putting this on hold till I circumvent the hedge and Fifo issues.

I have attached a spreadsheet which could be used to calculate lots based...

Pat have you finished your EA?
  • #217
  • Jan 18, 2012 7:57pm Jan 18, 2012 7:57pm
Quote
Pat have you finished your EA?
I'm sure he's still working on it. FIFO rules and hedging capabilities are going to be tricky to code. I'd almost think he'd have to build 2 separate EA's to accomplish what we need to accomplish.

In the meantime, I'm eeking my way back up to break even after a disastrous first week and a half (thanks to the scalp trades). I am now glad I took the Scalp trades out of the equation as they were a nightmare to try and follow live. Still looking into the possibility of taking a reversal trade off of the ADR High/Low when it's hit, but I need a lot more testing on that before I go anywhere near my live account.
  • #218
  • Jan 21, 2012 6:28pm Jan 21, 2012 6:28pm
Anyone notice the GBP-USD strength on Friday? I was not able to trade it, but sure looks great on the chart.

Couple of things I am experimenting with, I thought with using the 50% of previous day's range as stop loss, the target should be the 150% expansion, is that a Fib number? So I am plotting the 125% as move stop to break even point, and also the 200% as Home Run to go for once in awhile!

Also, watching Currency Index or Correlation Pairs strength, found this great spreadsheet which gave the GBP-USD signal, but I'm not sure exactly when in that strong UP move the arrow appeared, so I will be watching the charts during the Asian session to see how the graphs develop during the day, it resets by broker time daily.

Have a good week end all, E.

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It takes a lot for me to IGNORE you, but you can try.
  • #219
  • Jan 21, 2012 7:59pm Jan 21, 2012 7:59pm
Quote
Couple of things I am experimenting with, I thought with using the 50% of previous day's range as stop loss, the target should be the 150% expansion, is that a Fib number? So I am plotting the 125% as move stop to break even point, and also the 200% as Home Run to go for once in awhile!

If your going to use the 50 fib retracement as a stop, why don't you just go ahead and place a CT 1 and CT 2 trade at the 76.4 and 61.8 fib levels. That way you'll make some money to offset the Regular Trade if it does stop out?
  • #220
  • Jan 21, 2012 9:13pm Jan 21, 2012 9:13pm
any body know she will touch 50 fibo exactly and pullback after ?
Quoting mer071898
If your going to use the 50 fib retracement as a stop, why don't you just go ahead and place a CT 1 and CT 2 trade at the 76.4 and 61.8 fib levels. That way you'll make some money to offset the Regular Trade if it does stop out?
not euphoria follower
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