This system has been working great for me & many other on this board. But, i think there is way to much tinkering with the indicators. This cast doubt of the system in my opinion. Eval has created a great system that has generated many (i say many ) pips for traders on this board. So, many have made a big deal about repainting issue and its getting old. Once you get a signal & take the trade its up to you how to manage it. Eval gives you the green light, but your the driver. Comer has helped us all by taking the repainting issue on. So, until this remedy is solved then post #1 is still the system. Thanks to Eval & all that helped build a great system. This has made me buckets of $$$$
- #5,782
- Feb 17, 2012 11:34am Feb 17, 2012 11:34am
- Joined Oct 2007 | Status: Trader | 2,972 Posts
Eval, I do appreciate your system; however, there are moments when I feel like trades are missed because the extreme cycle is pointing in the wrong direction, other indies painting, etc. Anyway when I get a chance I will send you a PM of copies of what I am talking about. You will see how I changed the parameters and how the indies repaint much much less.
Have a nice weekend.
maxwell-eqtn,
KOOL!
Always looking for ways to fine tune the system to make it function better!!!!!Evaluator.:nerd:
P.S. Feel Free to post your setting preferences here on the forum.
- #5,784
- Feb 17, 2012 12:43pm Feb 17, 2012 12:43pm
This system has been working great for me & many other on this board. But, i think there is way to much tinkering with the indicators. This cast doubt of the system in my opinion. Eval has created a great system that has generated many (i say many ) pips for traders on this board. So, many have made a big deal about repainting issue and its getting old. Once you get a signal & take the trade its up to you how to manage it. Eval gives you the green light, but your the driver. Comer has helped us all by taking the repainting issue on. So, until this...
- #5,786
- Feb 17, 2012 2:17pm Feb 17, 2012 2:17pm
it's magic I tell you.....just magic.....I rise my Harry Potter wand and ''poof'' my account balance just increases....
As to repaints....who cares?? I don't as long as my goes up up up!
This system kinda reminds me of a car a friend of mine used to have that he drag raced at the track. The car he had looked like crap. It was all rusty, need paint, leaked oil, etc, etc, but when he raced he usually won. He would always say, "It doesn't really matter how you get to the finish line, as long as you get there first." That's kinda like this system. It doesn't really matter if the code is messed up and it repaints like crazy, as long as it's putting money in my pocket, it works.
- #5,792
- Feb 17, 2012 7:20pm Feb 17, 2012 7:20pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
HI Team I have just stumbled on this thread and starting to read it all.
Can someone please tell me the best pairs to trade and which sesion also peoples thoughts on diff timeframes I was looking at the 1hour
I don't believe there is a 'best pairs' for this system. The system is great for all pairs, including gold and oil! The system watches the movements of the charts, so the pairs are largely irrelevant.
You will see from the first post on page 1 the session times that Eval trades. I trade from Frankfurt open to USA open, and that's all. USA session is out of reach for me. Others trade London open to USA close. I don't think it makes much difference which sessions you trade, although the Asian session can be quite boring and unproductive much of the time.
Timeframes vary according to what you find most comfortable. People here are successful from 1 minute all the way to 1 hour, and I have no doubt that if 4 hour or even daily charts are traded, they too will be successful.
The system doesn't depend on time frame, currency pairs or sessions.....it depends on chart movement.
Keep reading the thread and demo testing as you go. You will not regret spending the time
Doing what you like is Freedom. Liking what you do is Happiness.
- #5,794
- Feb 18, 2012 3:32am Feb 18, 2012 3:32am
- Joined Aug 2011 | Status: Trader | 4,928 Posts
Observation is the path to discovery.
- #5,797
- Feb 18, 2012 4:39am Feb 18, 2012 4:39am
- Joined Aug 2011 | Status: Trader | 4,928 Posts
Observation is the path to discovery.
- #5,798
- Feb 18, 2012 4:41am Feb 18, 2012 4:41am
- Joined Aug 2011 | Status: Trader | 4,928 Posts
Observation is the path to discovery.
- #5,800
- Edited 9:21am Feb 18, 2012 9:06am | Edited 9:21am
Here is a chart that strongly supports EvaluatorŽs analysis of the Bear case for the Euro.
As you can see from the weekly chart, EURUSD is on a downleg of a downward channel that began in Feb. 2008. As you can also see, a perfect Head and Shoulders formation (light rectangle) has formed since Sept. 2010. The neckline was broken in mid Dec. 2011 and now we have been testing the neckline from below for the past 4 weeks. At the same time, we are also testing the RSI down trendline that began in April 2011. Another factor to consider is that the RSI...
Ive attached one of my charts just to confirm everything being said by yourself and Eval..
This is my one hour chart and as people can see their was a channel forming which was broken thursday evening GMT but as I mentioned to RealJumper early friday morning my hunch is that this would be a tempary break and the price may well go back to test the channel again.
Eval was quite right in advising people that maybe they should close any long positions and not leave them open over the weekend as some banks do continue to trade through the weekend and because as you can see the chart is looking very bearish and a strong possible head and shoulders is forming.
Also if you look at the blue shaded areas these are supply and demand areas and looking back to mid january at the price action see how it bouces back and forth. just as an extra confirmation the price is likely to fall.
My may income from trading comes higher time frames on daily four hour and 1 hour charts but I love evals symphonie on 5m charts and now RJ has brought to my attention that 1m charts also have their use..
I will not be taking my usual positions this time because the news on monday is very inportant and the price could act abnormal depening on the result of the meeting..
Hope this was of some use to anyone.
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger