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BUFU Trend Following System + Account Challenge

  • #101
  • Jan 19, 2012 11:10am Jan 19, 2012 11:10am
Quoting EasyRyder
Please let me give you some ideas on finding out what is wrong:

1. Open the BUFU_Trend_Signals parameter box and set "HAS_Color_Enable" to "false". If you get signals when you close the box, then you do not have the correct version of "Heiken_Ashi_Smoothed" loaded in your experts/indicators directory. There are now two of his indicator posted on this forum having the samew name. Make sure you get the one that Johnny2pips posted. You must have a version that is exactly named "Heiken_Ashi_Smoothed".

2. Go to the experts/log/compatibility-files...
Thanks a lot EasyRyder.....the indicator seems to be working after i set the HAS_color_enable to false. Now will get to the second part of your message and get back Thanks again

Regards

Raza
Raza
  • #102
  • Jan 19, 2012 11:34am Jan 19, 2012 11:34am
shr5, what this tells you is that you do not have "Heiken_Ashi_Smoothed" in your experts/indicators directory. It must have this exact spelling.

Quoting shr5
Thanks a lot EasyRyder.....the indicator seems to be working after i set the HAS_color_enable to false. Now will get to the second part of your message and get back Thanks again

Regards

Raza
  • #103
  • Jan 19, 2012 11:57am Jan 19, 2012 11:57am
Original un-edited quote postewd by Johnny2pips: "I'm sorry bro I just don't know how to help. Anyone have ideas? Maybe we need to ask someone to make a second signals indicator. At least that way everyone would be able to use it. Know any coders? Not trying to knock EasyRyder but people are having issues with this indiy it would be better for someone to make a different one that'll work for everyone."

Johnny the problems people are having are fundamental to MT4 trading. You have to be able to put the correct files in your MT4 directories, and you have to keep your platform up to date with the latest build. Once this has been done, nobody has had problem with BUFU_Trend_Signals. I am surprised at your above comment.
  • #104
  • Jan 19, 2012 12:09pm Jan 19, 2012 12:09pm
Quoting AmareX
Grid + Martingle = Margin Call !!
I agree!
  • #105
  • Jan 19, 2012 12:40pm Jan 19, 2012 12:40pm
Quoting EasyRyder
Original un-edited quote postewd by Johnny2pips: "I'm sorry bro I just don't know how to help. Anyone have ideas? Maybe we need to ask someone to make a second signals indicator. At least that way everyone would be able to use it. Know any coders? Not trying to knock EasyRyder but people are having issues with this indiy it would be better for someone to make a different one that'll work for everyone."

Johnny the problems people are having are fundamental to MT4 trading. You have to be able to put the correct files in your MT4 directories,...
I'm surprised you brought it up. As you can see I edited it after another member posted a chart with the indi working fine. If two people can do it anyone can. Sorry for my unfaithfulness! Lets not argue okay?
  • #106
  • Jan 19, 2012 12:44pm Jan 19, 2012 12:44pm
Quoting Danyjoe
I agree!
No one said anything about using the Martingle technique. I'd never advise anyone to use it. Nor would any smart trader.
  • #107
  • Jan 19, 2012 2:02pm Jan 19, 2012 2:02pm
Martingle technique isn't applicable here nor should it be anywhere really :-)
  • #108
  • Jan 19, 2012 2:27pm Jan 19, 2012 2:27pm
Not arguing, Johnny. Just considered your comment an insult. That is the end of it.

Quoting johnny2pips
I'm surprised you brought it up. As you can see I edited it after another member posted a chart with the indi working fine. If two people can do it anyone can. Sorry for my unfaithfulness! Lets not argue okay?
  • #109
  • Edited 5:37pm Jan 19, 2012 4:28pm | Edited 5:37pm
All negativity aside. I just back tested NZD/USD 1H over a 10 month period (manually) April of 2011 to current.

The rules were as if this were being mechanically traded with a 25 pip stop and take profit or early exit when HAS gives a signal opposite to CCI 236.

Ready?

Positive pips: + 4722
Negative pips: -1334

Total profit: +3388 pips

For an average of 338.8 pips per month.

Losses ranging from = -3 to a max of -25
Profits ranging from = +3 to +472

Largest string of losing trades = 6
Largest string of winners = 3

So there you have it. With this info you should be able to decide if you like this system or not.
  • #110
  • Jan 19, 2012 5:07pm Jan 19, 2012 5:07pm
Quoting johnny2pips
BuFu generated another great signal! GBP/CAD 30M sell for 29 pips that's almost all of the down move before the big buy bars One more percent and I'll be back to where I started before the major losses trying to scalp with a different system early January. God I love BuFu!

http://i1083.photobucket.com/albums/...01-19_1030.png
Hi,

what was your reason to have a TP of 29 pips? I thought you exit on the HA color change...

PS:
And what timeframe do you use for the different pairs? M30 and H1?
  • #111
  • Jan 19, 2012 5:15pm Jan 19, 2012 5:15pm
Quoting Olarion1975
Hi,

what was your reason to have a TP of 29 pips? I thought you exit on the HA color change...

PS:
And what timeframe do you use for the different pairs? M30 and H1?
1. I was about to pass out, suddenly a signal dings, set tp to a little over 1:1 R/R just above the demand zone because PA was sporadic. Normally HAS is the exit indicator yes.
2. 1H is my go to TF only if impatient I'll switch down to 15 or 30M.

Discretion can work to your favor if you've have the chart time to backup each discretionary decision.
  • #112
  • Jan 19, 2012 5:19pm Jan 19, 2012 5:19pm
Just curious -- over 6,000 trades sounds high. I went back and counted 154 unique signals on NZDUSD from April 11 to present using the signal generator. How do you get over 6000 trades out of that period?

Quoting johnny2pips
All negativity aside. I just back tested NZD/USD 1H over a 10 month period (manually) April of 2011 to current.

The rules were as if this were being mechanically traded with a 25 pip stop and take profit or early exit when HAS gives a signal opposite to CCI 236.

Ready?

Positive Trades: + 4722
Negative trade: -1334

Total profit: +3388 pips

For an average of 338.8 pips per month.

Losses ranging from = -3 to a max of -25
Profits ranging from = +3 to +472

Largest string of losing trades = 6
Largest string of winners = 3

So there...
  • #113
  • Jan 19, 2012 5:36pm Jan 19, 2012 5:36pm
Quoting EasyRyder
Just curious -- over 6,000 trades sounds high. I went back and counted 154 unique signals on NZDUSD from April 11 to present using the signal generator. How do you get over 6000 trades out of that period?
Oops that was a wording mistake. The numbers were pips not how many trades entered. I'll fix it.
  • #114
  • Jan 19, 2012 7:53pm Jan 19, 2012 7:53pm
hi johnny, look at attachment picture. I am trade in usd/jpy with TP 9 pips without SL
i am open sell position base on HA,CCI and bufu (look at vertical line).
right now i am -40 pips hahahaha... did my analysis wrong ?
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 42 KB
  • #115
  • Jan 19, 2012 8:40pm Jan 19, 2012 8:40pm
@chys_tmp

The chart shows higher Highs and higher lows = Trend goes up!

short trade is bad on this time.

The BufuSystem works very well but check the trend.
www.forexfire.de
  • #116
  • Jan 19, 2012 9:14pm Jan 19, 2012 9:14pm
Quoting chys_tmp
hi johnny, look at attachment picture. I am trade in usd/jpy with TP 9 pips without SL
i am open sell position base on HA,CCI and bufu (look at vertical line).
right now i am -40 pips hahahaha... did my analysis wrong ?
Why didn't you exit the trade when HAS signaled to buy? This is the general rule. As said before I do not traid JPY pairs. You should really consider using a stop loss.

In other words if all conditions are not met to be in the trade exit.
  • #117
  • Jan 19, 2012 9:23pm Jan 19, 2012 9:23pm
Quoting johnny2pips
Why didn't you exit the trade when HAS signaled to buy? This is the general rule. As said before I do not traid JPY pairs. You should really consider using a stop loss.

In other words if all conditions are not met to be in the trade exit.
i do not exit because it doesnt hit my tp yet ,my bad...
ok, i'll be carefull next trade . Johnny which session do you recommended to trade with bufu ? or this is for all session ?
thanks for response.
  • #118
  • Jan 19, 2012 10:30pm Jan 19, 2012 10:30pm
Quoting chys_tmp
i do not exit because it doesnt hit my tp yet ,my bad...
ok, i'll be carefull next trade . Johnny which session do you recommended to trade with bufu ? or this is for all session ?
thanks for response.
Most signals will form from a few hours before London open to New York close. Would you by any chance be trading a demo account? If not I highly recommend it till you get the hang of how BuFu works.
  • #119
  • Jan 20, 2012 12:03am Jan 20, 2012 12:03am
Quoting johnny2pips
Most signals will form from a few hours before London open to New York close. Would you by any chance be trading a demo account? If not I highly recommend it till you get the hang of how BuFu works.
ok johnny. Those my micro account. Trading in demo very different with real one.

@Migturo
hi, thanks for reply, i am still newbie in forex trading, i didnt study enough about what you said could you recomend me where i should learn those things.
  • #120
  • Jan 20, 2012 12:26am Jan 20, 2012 12:26am
Quoting johnny2pips
1. I was about to pass out, suddenly a signal dings, set tp to a little over 1:1 R/R just above the demand zone because PA was sporadic. Normally HAS is the exit indicator yes.
2. 1H is my go to TF only if impatient I'll switch down to 15 or 30M.

Discretion can work to your favor if you've have the chart time to backup each discretionary decision.
I downloaded V3 but the trend indicator is all in yellow, may i know what is the problem.
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