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Profit All Day System

  • #1,381
  • Nov 20, 2011 6:02am Nov 20, 2011 6:02am
Quoting wid
I have followed up this thread and found this very interesting.

I am so pity to you, seems like that you make it so complicated. You dont have to identify which candle swing high or low. Erase all your emotion and follow my system to use this system.

Buy Rules:
1. Enter at intersection of EMA 3 and EMA 5 above the EMA 13 (EMA 3> EMA5)>EMA13
2. CCI 24 has crossed up level -90 or more safe 50 level

Exit: EMA 3 and 5 (EMA3<EMA5)
SL: 30pips or at your own MM

Re-entry: at any intersection of EMA3 > EMA5 above.

No selling above EMA13

Sell...

from the chart i see the first entry would have been on the 3rd buy candle from your marked candle. prior to this there is no clear sign to show that the emas (3,5) have crossed over the ema 13. remember, in 'real time' you will not see the cross over until the 2nd candle has closed. so your first clear signal would have been to enter on the 3rd candle. thats when it would be clear there is a cross of ema 3 and 5 over ema 13, AND there is a 'slight' cross above 90 of the cci.

problem is this trade would have been a loss, as the next two candles are red, so around - 50 pips loss. a stop out.

in my experience, this system works best on the 5 min tf. if you are going to trade on the 1hr tf, make sure you fine tune your entry and exits by observing the 5 min tf.

also, it appears you havent taken into account the spacing between the emas. one of the rules cubby had stated. that can help out eradicate a lot of bad trades.
you also havent taken into account break of swing high/low.

remember though, like any other system, this system will destroy your account in a ranging market. just stating the obvious.
  • #1,382
  • Nov 20, 2011 7:53am Nov 20, 2011 7:53am
Quoting whatfx
you are using the 1 hr tf. cubby recommends 5/15 min ? also, see his last post, emas have now changed to 14,6,4. have you tried with this variation ?
No, I have never tried any TF smaller than 1Hr and also have never tried the new setup. To be honest with you, I have been using this system before this thread but the setting is EMA 2 and EMA 5 combine with 12. Also EMA Fan system crossed above EMA 50.

Good Luck.
  • #1,383
  • Edited 9:14am Nov 20, 2011 8:52am | Edited 9:14am
Quoting whatfx
from the chart i see the first entry would have been on the 3rd buy candle from your marked candle. prior to this there is no clear sign to show that the emas (3,5) have crossed over the ema 13. remember, in 'real time' you will not see the cross over until the 2nd candle has closed. so your first clear signal would have been to enter on the 3rd candle. thats when it would be clear there is a cross of ema 3 and 5 over ema 13, AND there is a 'slight' cross above 90 of the cci.

problem is this trade would have been a loss, as the next...
I really cant figure out where the initial 50pips lost incurred even you entered at the 3rd candle or even you assume a losses before the particular candle closed.
What I m trying to show here was where the trader that I mentioned earlier try to make his trade so complicated and I try to ease his perception.

Here is how I read the chart and make profit:

Regarding with the screenshot that I posted here, that was the last swing on friday which I believe everybody making a handsome profit with long position.

The entry will be at the next candle from the candle that I marked while the next two red candles after the entry have no momentum to bring the trend down (refer its body) no one will cut his position as the CCI, RSI are still above level 50 and there were no intersection of the two EMAs on the red candle, so kept in position . furthermore the body of the candle smaller than its wick, so the candle has no momentum to bring the next candle down and furthermore closed above the 4Hr support line.

Regarding to the closing, I closed my position after the closing of the 1st red candle as the wick of the last two blue candles were longer indicating of decreasing of momentum while the big red candle was a big red candle (not yet qualify for bearish engulfing), indicating of full of momentum to go down or at least retracement and closed exactly on the 4Hr resisstant line and the next candle open below the resisstant line. As a rule of rading, if any candle open below to the resisstant line will indicate of reversal and will return to the previous support line.

Anyway here is the re-sized of the screenshot.

Correct me If Im wrong and still learning and willing to learn from experience trader like you guys. I trade live for more than 10 years now and trade full time for a living.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp4.gif Size: 25 KB
  • #1,384
  • Nov 20, 2011 3:58pm Nov 20, 2011 3:58pm
Quoting wid
I have followed up this thread and found this very interesting.

I am so pity to you, seems like that you make it so complicated. You dont have to identify which candle swing high or low. Erase all your emotion and follow my system to use this system.

Buy Rules:
1. Enter at intersection of EMA 3 and EMA 5 above the EMA 13 (EMA 3> EMA5)>EMA13
2. CCI 24 has crossed up level -90 or more safe 50 level

Exit: EMA 3 and 5 (EMA3<EMA5)
SL: 30pips or at your own MM

Re-entry: at any intersection of EMA3 > EMA5 above.

No selling above EMA13

Sell entry:...


Thank you Wid. I find this very interesting and will be worth a try also.
  • #1,385
  • Jan 16, 2012 7:17pm Jan 16, 2012 7:17pm
Hey All,
ive been reading this thread for the last few days and wonder if anybody is still reading this thread who has been using the strategy for an extended period (>6 months) of time.
How have you found it?
As promising as Cubby suggested?

Nwam.
  • #1,386
  • Feb 19, 2012 5:18am Feb 19, 2012 5:18am
Hey All,
Ive just finished reading this thread today. Taken me over a month or so. Ive tried practicing it a few times during the Asian session (i Live in Aus).
These are my comments so far:
* Thanks very much to Cubby for posting the system and starting the thread, also to keep it going in the early days
* Thanks a lot to:
- Ream- for back testing, offering advice, posting the simulator. I dont know what the creature is as your Avator, it looks like a cross between a baby penguin and bear. WTF?! lol.
- FerruFX providing the ll/HH indicator and maintaining good faith by continuing to help out. It seems whenever someone asked for scripting or a change to a script you responded quickly and with the necessary goods.
- jmw1970 for more EA's than you can poke a stick at. Also good technical expert and helpful advice. John ill track you down on Skype and see if you've still got the room active. It would be good to join a group who is on the same page. And
- seller9 (or autotrader?) for creating the dashboard.

My learnings so far from eye balling this system whilst at work and in the evenings (only on demo at the moment and still loosely demo trading, plan):
* Not much happens in Aus time. Need to look at many different and unrelated pairs. The dashboard helps here! ie AUD/USD, GBP/JPY, etc.
* Ive found you get higher probability trades when you take a trade that breaks the +90/-90 line. Rather than take one that is already greater in magnitude. (unless someone can say otherwise)
* Basically what i mean from the above is its better to wait in hiding till the next in time best moment comes and pounce rather than come in guns blazing and shooting from the hip.
* i tried 5/15 minute time frame but got faked out often. the 15/60 is much much better (eye balling and rough backtesting). confirmed by ReaM (thanks again)
* Though not strictly obeying the rules of the system, ive found S and R lines do affect price action. Im cautious of taking trades that are close this line.
* confirming you are trading with the trend in the next higher TF is good.

My next steps will be to assess the system using the simulator. This is exactly what i have been looking for for a while.

Other comments from reading Feb's and James16's threads:
* trade with the trend
* MM is key
* dont let winners turn to losers
* cut your losers short. Though this is contrary to MM in this system and something i may need to unlearn or grit my teeth about

Thats it for now. gotta get to bed.

NWAM
  • #1,387
  • Feb 21, 2012 6:54am Feb 21, 2012 6:54am
i have to admit the system has stopped working as well as it used to.....all breakout strategy are failing nowadays...seems stop hunting is the only game in town.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #1,388
  • Feb 21, 2012 9:35am Feb 21, 2012 9:35am
Quoting pemully
i have to admit the system has stopped working as well as it used to.....all breakout strategy are failing nowadays...seems stop hunting is the only game in town.
Did you tried it on Renko chart ? Generally breakouts are far better to trade.
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,389
  • Feb 21, 2012 1:46pm Feb 21, 2012 1:46pm
tried this system for a few weeks and didn't worked for me..when you get your entry, the price just falls back.
  • #1,390
  • Feb 21, 2012 9:08pm Feb 21, 2012 9:08pm
Spike,
What sort of testing did you do? live trading, eye balling, back testing using metatrader and the simulator?
Do you think you stuck to the rules? including the times that Cubby advised, ie NY session?

I have found in the asian session there isnt much volume so a lot of the time swings just fizzle out, hence the higher tf.

NWAM
  • #1,391
  • Feb 21, 2012 9:10pm Feb 21, 2012 9:10pm
Quoting FerruFx
Did you tried it on Renko chart ? Generally breakouts are far better to trade.
FerruFX,
Using renko charts, is that not just another way of displaying momentum, ie a surrogate of the CCI?
  • #1,392
  • Feb 21, 2012 9:48pm Feb 21, 2012 9:48pm
Quoting Nwam
FerruFX,
Using renko charts, is that not just another way of displaying momentum, ie a surrogate of the CCI?
If you don't know about Renko, you can do a search on FF. Plenty of ressources.

Example of a thread about renko : http://www.forexfactory.com/showthread.php?t=189584

Hope that will help.
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,393
  • Feb 22, 2012 5:04am Feb 22, 2012 5:04am
Quoting Nwam
Spike,
What sort of testing did you do? live trading, eye balling, back testing using metatrader and the simulator?
Do you think you stuck to the rules? including the times that Cubby advised, ie NY session?

I have found in the asian session there isnt much volume so a lot of the time swings just fizzle out, hence the higher tf.

NWAM
the most stupid kind of testing you can do, live with a 4k account, actually not testing it was trading after 2 weeks of demo...first of all did some trading on asia..and yes no much volume..lost some money and I sad OK it was asia..I will trade only London + US, got some nice moves the but in the end the risk/reward ratio will kill you if you don't catch long trends, look at E/U today it went up 35 pips then down 50 and now is going up again. This price action will kill you, the 30% which you let it run will compensate for the 70% which you close at 1/2, if you get the chance to close at 1/2

Is a good system but you need trends. Mostly I traded 15/5 min.
  • #1,394
  • Feb 22, 2012 5:11am Feb 22, 2012 5:11am
Spike,
Thats got to hurt! This game can get pretty nasty by the sounds of it.
Give me a few weeks to get my stuff in order and ill post my MT4 results.

NWAM
  • #1,395
  • Feb 22, 2012 5:25am Feb 22, 2012 5:25am
Quoting Nwam
Spike,
Thats got to hurt! This game can get pretty nasty by the sounds of it.
Give me a few weeks to get my stuff in order and ill post my MT4 results.

NWAM
I didn't lost 4k I lost a few 100$'s but decided isn't for me. I don't know what kind of back-testing you do but you need to count for the spread, slippage, news, another important thing is the EMA's angle/separation which kind of repaints, there is another angle when you do backtesting and another angle before you enter the trade. I got fooled with this too, when I did back-testing
  • #1,396
  • May 14, 2012 10:00pm May 14, 2012 10:00pm
Dear everyone,
Could entry on Daily chart and confrim on the Weekly Chart?
I know
M5-M15
M15-H1
H1-H4
H4-Daily

So Daily-Weekly. Is it right?
And are other pairts could used the system. such as E/J,E/G,U/cad and so on.
Maybe we could just check the chart one time every day and make the trades.
Need more commet from you.
tks first.
BR,
chixie
  • #1,397
  • Oct 9, 2012 10:17am Oct 9, 2012 10:17am
tenks for this ts...many thanks
I trade bund from italy..is very nice
to day there are 4 signal...50 tick of profit..2 short and 1 long

22
13
15
This is one of....
regards from Milan
Attached Image (click to enlarge)
Click to Enlarge Name: long.jpg Size: 55 KB
  • #1,398
  • Oct 16, 2012 2:38am Oct 16, 2012 2:38am
This system is promising if more time and patience is devoted for it. I am doing just that to have a grip on the system even on higher time frame.
  • #1,399
  • Oct 18, 2012 1:00pm Oct 18, 2012 1:00pm
This system shows exactly the real basis of trading forex. Since I came across this system. God has used it to open my eyes.
  • #1,400
  • Oct 18, 2012 1:23pm Oct 18, 2012 1:23pm
Quoting Phemmy
This system shows exactly the real basis of trading forex. Since I came across this system. God has used it to open my eyes.
Just do 100 trades and make sure your win rate % is more than 80%... if it isn't stay away... because 2:1 risk:reward you need atleast 75% + spread + slippage + commision.
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