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Attachments: BUFU Trend Following System + Account Challenge
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BUFU Trend Following System + Account Challenge

  • #161
  • Jan 25, 2012 7:58pm Jan 25, 2012 7:58pm
For what its worth, i use a ADX MTF indicator (shown on the bottom of the attached chart) that allows me a quick overview of most TF charts without leaving the 1H chart. If the higher TFs are green, then im only looking for longs on the 1H (in this case, EU). This is my 'lazy' way to monitor pairs.

I also confirm direction with the 200ema (arguably, the most popular filter used on charts).

The 'thumbs up' icon at the S/R line was entry for a long, according to the BuFu rules.

If i was to short EU whilst the PA is above the 200ema, then its purely a scalp and not a short trade.

Thanks Johnny2pips for your strategy and good trading to all.
Attached Image (click to enlarge)
Click to Enlarge Name: test1.gif Size: 94 KB
  • #162
  • Jan 26, 2012 12:58am Jan 26, 2012 12:58am
Quoting rebyte2
For what its worth, i use a ADX MTF indicator (shown on the bottom of the attached chart) that allows me a quick overview of most TF charts without leaving the 1H chart. If the higher TFs are green, then im only looking for longs on the 1H (in this case, EU). This is my 'lazy' way to monitor pairs.

I also confirm direction with the 200ema (arguably, the most popular filter used on charts).

The 'thumbs up' icon at the S/R line was entry for a long, according to the BuFu rules.

If i was to short EU whilst the PA is above the 200ema, then its...

fantastic! v good filter that is.
  • #163
  • Jan 26, 2012 11:38am Jan 26, 2012 11:38am
Quoting rebyte2
For what its worth, i use a ADX MTF indicator (shown on the bottom of the attached chart) that allows me a quick overview of most TF charts without leaving the 1H chart. If the higher TFs are green, then im only looking for longs on the 1H (in this case, EU). This is my 'lazy' way to monitor pairs.

I also confirm direction with the 200ema (arguably, the most popular filter used on charts).

The 'thumbs up' icon at the S/R line was entry for a long, according to the BuFu rules.

If i was to short EU whilst the PA is above the 200ema, then its purely...
MTF ADX? Someone has suggested it be added to the system to filter out ranged periods. Does this effectively do that? Would you mind posting detailed chart explanations of how you use this and how it's better than the original system? We are currently trying to make this system more mechanical. If you could explain it in layman's terms because I've never used ADX or a MTF indicator before it would be vary helpful.

Also if anyone has a better way for exiting ideas are welcome. What happens sometimes is a trade will go into profit then start to retrace and has doesn't give an opposite signal till the trade is negative a few pips.
  • #164
  • Jan 26, 2012 1:41pm Jan 26, 2012 1:41pm
Yes we need something else for exit
  • #165
  • Jan 26, 2012 3:12pm Jan 26, 2012 3:12pm
Quoting dam55
Yes we need something else for exit
Hİ Momentum can use for output.

http://d1201.hizliresim.com/t/u/24j6y.gif
  • #166
  • Jan 26, 2012 3:20pm Jan 26, 2012 3:20pm
I like cci indicator, but the truth is I have a buddy up the good work ummazdım can make money just by looking at him very well indeed the system seems to be very popular within a short period of time the system is very nice but I really need to develop
  • #167
  • Jan 26, 2012 7:22pm Jan 26, 2012 7:22pm
Quoting Whatthefckfx
I like cci indicator, but the truth is I have a buddy up the good work ummazdım can make money just by looking at him very well indeed the system seems to be very popular within a short period of time the system is very nice but I really need to develop
What exactly are you trying to say here?
  • #168
  • Jan 26, 2012 9:40pm Jan 26, 2012 9:40pm
If I'm going to be trading 1H charts, what would be the most common time of the day in wich the signals are generated? The early London hours are kinda difficult to trade for me.
  • #169
  • Jan 26, 2012 9:50pm Jan 26, 2012 9:50pm
Quoting Trucomallica
If I'm going to be trading 1H charts, what would be the most common time of the day in wich the signals are generated? The early London hours are kinda difficult to trade for me.
If you look through a years worth of chart history the signals are given at various times. London is a good start IMO.
  • #170
  • Edited 11:07pm Jan 26, 2012 10:00pm | Edited 11:07pm
The system is currently being revamped to so it may not be the best time to trade this method. This of course depends if the pairs you intend to trade are trending.

Looking for a coder to make Daily HAS indicator.
Requirements Below

1. Displays in indicator window
2. Customizable settings
3. Works with on any TF
4. Doesn't use enormous amounts of CPU.
5. Preferably not compiled
  • #171
  • Jan 27, 2012 1:26am Jan 27, 2012 1:26am
Quoting johnny2pips
What exactly are you trying to say here?
Sory ı am bad eng.The system is very good Johnny thans but Why did you choose the indicator parameters 236-61why ??
Can we all work together can make the system even better............
  • #172
  • Jan 27, 2012 12:37pm Jan 27, 2012 12:37pm
Quoting Whatthefckfx
Sory ı am bad eng.The system is very good Johnny thans but Why did you choose the indicator parameters 236-61why ??
Can we all work together can make the system even better............
I choose these initial settings because manual backtests looked great. Working together to make the system better is part of why we have a thread here on FF. In other words yes we can.

I'm currently revamping the system to use a longer term HAS, possibly getting rid of entry CCI, and trying to find a coder to create a daily HAS indicator for trend identification. The core of BuFu was created with HAS and one CCI. Later we added CCI 61 as a filter/reentry.

The idea here is to catch those weekly 100+ pip moves without trading ranged periods.

Any input for improvements are welcome and appreciated.
  • #173
  • Jan 27, 2012 12:51pm Jan 27, 2012 12:51pm
the system works great,only exit can be tricky
  • #174
  • Jan 27, 2012 1:08pm Jan 27, 2012 1:08pm
BuFu Trend Following System Improvements

  1. CCI 61 - Removed from system
  2. Trend CCI 236 still the same
  3. HAS - Settings changed (see below)
  4. MTF HAS - Taking trades in sync with daily HAS




HAS new settings
mametoid - 1
maperiod - 333
mamatoid2 - 1
maperiod2 - 1

This filters most ranged periods.

Next is MTF HAS (same settings as above)

This shows the current TF and 3 TF's above it. We are looking at the daily HAS and only trade signals in the directions of the daily on 1H/30M charts.

Entries and Exits

Entry - If HAS, CCI 236 agree check Daily HAS if all agree enter at candle close.

Exits - Manually trail stops.

I realize now that BuFu is much longer term trading most people will probably not like it. I'd much rather gain 200-400 pips over a week than trade every day with more losses.

Attached File(s)
File Type: mq4 MTF_4TF_HAS_Bar2M.mq4   10 KB | 840 downloads
File Type: tpl BuFuTrendv4.tpl   5 KB | 774 downloads
  • #175
  • Jan 27, 2012 1:32pm Jan 27, 2012 1:32pm
Below is USD/CAD 1H chart. One trade lasting 13-16 days resulting in a 300-600 pip gain depending on exit.
http://i1083.photobucket.com/albums/...01-27_1424.png
  • #176
  • Edited 5:45pm Jan 27, 2012 4:15pm | Edited 5:45pm
Toying with the idea of removing CCI altogether. I'm 99% positive this will be the final revision. Pull up a daily chart a look how many pips can be mail just from trading this on one pair.

Perfecting stop placement is the next step.
  • #177
  • Jan 28, 2012 12:59am Jan 28, 2012 12:59am
Quoting johnny2pips
Toying with the idea of removing CCI altogether. I'm 99% positive this will be the final revision. Pull up a daily chart a look how many pips can be mail just from trading this on one pair.

Perfecting stop placement is the next step.

bro johnny2pips, can you explain this statement below with example? how we can go about with this entry? thanks.

Entry - If HAS, CCI 236 agree check Daily HAS if all agree enter at candle close.
  • #178
  • Jan 28, 2012 6:21am Jan 28, 2012 6:21am
Quoting kedridder
bro johnny2pips, can you explain this statement below with example? how we can go about with this entry? thanks.

Entry - If HAS, CCI 236 agree check Daily HAS if all agree enter at candle close.
http://www.forexfactory.com/showthre...11#post5333611
  • #179
  • Jan 28, 2012 6:41am Jan 28, 2012 6:41am
Very good johnny,big pips and long trades.This trades can last a month.
  • #180
  • Jan 28, 2012 6:43am Jan 28, 2012 6:43am
Hi Johnny take a look at this .
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
NEVER go against the Daily trend
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