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BUFU Trend Following System + Account Challenge

  • #121
  • Jan 20, 2012 1:31am Jan 20, 2012 1:31am
Quoting marcoxq
I downloaded V3 but the trend indicator is all in yellow, may i know what is the problem.
Read through the last few pages
  • #122
  • Edited 1:57am Jan 20, 2012 1:42am | Edited 1:57am
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

Hello, first of all thank you for your input, secondly, I would like to indicate in the chart, where he has made the "TRADE" (SELL & BUY), just to clarify my doubts

Thanks
Lordorly

sorry for my english.
  • #123
  • Jan 20, 2012 7:17am Jan 20, 2012 7:17am
The bar annotated with the green vertical line is the "signal bar". You would enter at the open of the next bar (close of the signal bar).

Quoting lordorly
Hello, first of all thank you for your input, secondly, I would like to indicate in the chart, where he has made the "TRADE" (SELL & BUY), just to clarify my doubts

Thanks
Lordorly

sorry for my english.
  • #124
  • Jan 21, 2012 2:29am Jan 21, 2012 2:29am
Quoting johnny2pips
In times like this you may be tempted to enter early (which isn't part of the system) for the extra few pips. Were Trend CCI 236 is almost at the zero line and HAS gives a signal to go long below is an example of why that is not only a bad idea but how Entry CCI can filter out those impulse trades.

http://i1083.photobucket.com/albums/...8940284920.png
May i ask, on your main chart, the green and red is what indicator?
  • #125
  • Jan 21, 2012 5:25pm Jan 21, 2012 5:25pm
Quoting GeraldFX
May i ask, on your main chart, the green and red is what indicator?
The green and red buy price is Heiken ashi smoothed and the green and rend in the indicator window is CCI 236.
  • #126
  • Jan 22, 2012 11:03pm Jan 22, 2012 11:03pm
Hi Johnny, when u designed BUFU strategy, will u take into account S&R?
Here's what i mean. Take for eg, kiwi.

Taking a higher view, H1 to look for significant S&R line
i see 0.803 as an impt line, i'm looking to short it on 20th, but it obeyed BUFU signal in 15M chart to long. what's your view?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nu.png Size: 35 KB
Click to Enlarge Name: nu15.png Size: 28 KB
  • #127
  • Jan 22, 2012 11:12pm Jan 22, 2012 11:12pm
AUDNZD 1 hour setup..

Lets see how it goes....
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd setup.gif Size: 26 KB
Raza
  • #128
  • Jan 23, 2012 4:13am Jan 23, 2012 4:13am
Im long EUR USD
  • #129
  • Jan 23, 2012 6:55am Jan 23, 2012 6:55am
I have lurked here since the beginning of the thread. I have been watching this system alongside of a couple of other systems that are profitable: ichimoku, S3, straight price action on the M15 Euro during appropriate times. Most of these systems produce similar signals. But it would seem that this one is the simplest and I am not going on any of the newer revisions outside of the faster cci line, just simple visual analysis of swing highs and lows. Very good system. I don't know if its been said, but I notice that when the faster CCI line passes the zero or the slower cci line, it seems very significant. Same as woodies system in that regaurd. I still haven't traded it live yet, but am using the template to provide a different look to what I am using now. Will continue on this vein till I get a bit more comfortable with it. Thanks Johny2pips.

LL
"IN CASH WE TRUST"
  • #130
  • Jan 23, 2012 8:13am Jan 23, 2012 8:13am
Hi , everybody !

Congratulation for your system Johnny ! i'm used to work on a similar system, I want to try yours but i have a problem with the BUFU_Trend_Signals.v1.2.

When i put it on my chart My MT4 is immediately shut down !
-I try with my two computer.
-Same way with the template v3
-the DoublecciWoody working great
-I don't have any yellow bar
-I put your Heiken_Ashi_Smoothed in my expert/indicator with the good setting.
But it's always go wrong ! one of my computer says critical error and the other nothing ?

Thank you for the help !

(Nice move dam55 !)
  • #131
  • Jan 23, 2012 8:30am Jan 23, 2012 8:30am
You are not running MT4 Build 409 or higher. Go to the the "Help/About" pulldown and you will see your MT4 Build number. Got to upgrade MT4 to the current Build 409 for BUFU_Trend_Signals to work.

Read the thread. This is discussed multiple times.

Quoting chikamaru987
Hi , everybody !

Congratulation for your system Johnny ! i'm used to work on a similar system, I want to try yours but i have a problem with the BUFU_Trend_Signals.v1.2.

When i put it on my chart My MT4 is immediately shut down !
-I try with my two computer.
-Same way with the template v3
-the DoublecciWoody working great
-I don't have any yellow bar
-I put your...
  • #132
  • Jan 23, 2012 8:56am Jan 23, 2012 8:56am
If you want an opinion, don't see why you would consider a short trade. NZDUSD is in an uptrend on all timeframes except H1 -- look at Heiken Ashi_Smoothed on M15, M30, H1, H4, D1, W1 and MN. You will see the uptrend on the 20th per HAS on all except H1. This is just a small retrace. If you are concerned about resistance at 0.803, wait for a break and then enter. Myself, I would wait until I get a fresh signal on the H1 and then enter long. You will see that the fresh signal comes just as the 0.803 resistance level is broken.
Quoting kedridder
Hi Johnny, when u designed BUFU strategy, will u take into account S&R?
Here's what i mean. Take for eg, kiwi.

Taking a higher view, H1 to look for significant S&R line
i see 0.803 as an impt line, i'm looking to short it on 20th, but it obeyed BUFU signal in 15M chart to long. what's your view?
  • #133
  • Jan 23, 2012 9:33am Jan 23, 2012 9:33am
Quoting LazyLobster
I have lurked here since the beginning of the thread. I have been watching this system alongside of a couple of other systems that are profitable: ichimoku, S3, straight price action on the M15 Euro during appropriate times. Most of these systems produce similar signals. But it would seem that this one is the simplest and I am not going on any of the newer revisions outside of the faster cci line, just simple visual analysis of swing highs and lows. Very good system. I don't know if its been said, but I notice that when the faster CCI line passes...
Hey bud, thanks for trying the system. Best advise I can give is to keep an eye on monthly highs and lows bufu reacts to them well on 1h charts. Wishing you many profitable pips.

johnny2pips
  • #134
  • Jan 23, 2012 10:05am Jan 23, 2012 10:05am
Quoting EasyRyder
If you want an opinion, don't see why you would consider a short trade. NZDUSD is in an uptrend on all timeframes except H1 -- look at Heiken Ashi_Smoothed on M15, M30, H1, H4, D1, W1 and MN. You will see the uptrend on the 20th per HAS on all except H1. This is just a small retrace. If you are concerned about resistance at 0.803, wait for a break and then enter. Myself, I would wait until I get a fresh signal on the H1 and then enter long. You will see that the fresh signal comes just as the 0.803 resistance level is broken.

yup, i get what u mean. thanks.
i've overlook the higher TFs.
  • #135
  • Jan 23, 2012 11:50am Jan 23, 2012 11:50am
Shame on me, I missed that !

Thank you EasyRyder
  • #136
  • Edited 3:34pm Jan 23, 2012 3:20pm | Edited 3:34pm
Here is quick backtest (90% quality every tick) but rather interesting for a first test...
NZDUSD, 1 year 2011, 1H, SL 25 pip, no TP, exit Heiken Ashi...

http://i1083.photobucket.com/albums/...2pips/bufu.png

Above is a quote of a buddy of mine FX Juju he has created the bufu ea for backtesting purposes. As you can see the results are fairly good.

Below is my response

Talk about beautiful test results. Sure after the start there was a drawdown and maybe because of that some people would disagree. I'm my opinion it looks promising. This only improves my confidence in the system. Really appreciate your help here and am looking forward to further improving the system if at all possible.

Now that we have a fully mechanical back test posted what are your (anyone) thoughts on the results?
  • #137
  • Jan 23, 2012 4:22pm Jan 23, 2012 4:22pm
For now looks great,today 70pips on eur/usd and 40 usd/chf.I didnt exit on heiken ashi.
  • #138
  • Jan 23, 2012 9:28pm Jan 23, 2012 9:28pm
Hi!

The BUFU Trend_Signals Indicator works great!

But i miss a Option for "Yellow" Alert and the Timeframe Info on the Alert Message.

Is it possible to Add it??

that would be awesome!

THX
www.forexfire.de
  • #139
  • Edited 10:00pm Jan 23, 2012 9:43pm | Edited 10:00pm
Entered .9759 after 1H BuFu indy closed red. That was the final confirmation.

Was going to post a chart of my trade, but cannot find the correct way to do it.. any help please.
  • #140
  • Jan 23, 2012 11:19pm Jan 23, 2012 11:19pm
First get the chart how you wanted it presented. You can do this simply after the trade by going to 'account history' tab at bottom of screen on trade terminal pane. Drag the trade to the chart and it will show it to you. Then go to the file menu option at top left and go down to save as picture. Use the middle option of 'chart as is.'. save it to your desktop and whola you have the pic to upload as an attatchment using the attatchment button option when you post. Hope this helps man! BTW just learned this dragging trades to the chart business, and it is very useful for examining past trades. Better than a trade log in my opinion....

LL
"IN CASH WE TRUST"
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